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Global High Performance Plastics Market to reach USD 46.22 billion by the end of 2030.

Global High Performance Plastics Market Size study & Forecast, by Type (Fluoropolymers, Polyamides, Polyphenylene Sulfide (PPS), Sulfone Polymers (SP), Liquid Crystal Polymers (LCP), Others), by End-use Industry (Transportation, Electrical & Electronics, Industrial, Medical, Others) and Regional Analysis, 2023-2030

Product Code: CMPP-91257407
Publish Date: 20-05-2023
Page: 200

Global High Performance Plastics Market is valued at approximately USD 22.86 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.20% over the forecast period 2023-2030. The Global High-Performance Plastics Market refers to the market for specialized polymers that exhibit exceptional mechanical, thermal, and chemical properties. These high-performance plastics are designed to operate under extreme conditions, such as high temperature, high pressure, and corrosive environment. The major driving factors for the Global High Performance Plastics Market are the growing demand for electric and hybrid vehicles and the growing demand for high-performance plastics in the packaging industry. Moreover, advancements in material technology and an increasing focus on sustainability is creating a lucrative growth opportunity for the market over the forecast period 2023-2030.

Growing demand for electric and hybrid vehicles, which require high-performance plastics to reduce weight and improve fuel efficiency. According to a report by the International Energy Agency, the global electric car fleet exceeded 10 million vehicles in 2020 and is expected to reach 145 million by 2030. Furthermore, in March 2021, General Motors announced that it would increase its investment in electric vehicles to USD 35 billion by 2025, and launch 30 new electric vehicles globally by the end of 2025. Similarly, in June 2021, Ford announced that it would increase its investment in electric vehicles to USD 30 billion by 2025 and that electric vehicles would make up 40% of its global sales by 2030. However, the high cost of High Performance Plastics stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global High Performance Plastics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America region is a significant contributor to the High Performance Plastics market due to the presence of major end-use industries such as aerospace, automotive, and electronics. The increasing demand for lightweight and durable materials in these industries is expected to drive market growth in the region. Asia Pacific region is expected to witness significant growth in the High Performance Plastics market due to the increasing demand from end-use industries such as automotive, electronics, and construction. The growing population, rising disposable income, and increasing urbanization are expected to drive the demand for high-performance plastics in the region.

Major market player included in this report are:
Solvay (Belgium)
BASF SE (Germany)
Arkema (France)
Evonik Industries (Germany)
DuPont (U.S.)
SABIC (Saudi Arabia)
Victrex plc (U.K.)
Saint-Gobain Performance Plastics (France)
DSM (Netherlands)

Recent Developments in the Market:
Ø In October 2022, Arkema announced the launch of a new series of recycled High Performance Polyamides (HPP) called Virtucycle, which are manufactured at their custom recycling center in Italy. The Virtucycle program uses partially or fully recycled Rilsamid polyamide 12, Pebax polymers, and Rilsan polyamide 11 to produce high-performance polyamides.
Ø In July 2022, BASF launched the PuriCycle portfolio, which includes advanced high-performance adsorbents and catalysts for the purification of complex waste plastics pyrolysis feeds. These products are designed to enable plastic recycling and help address the global issue of plastic waste.

Global High Performance Plastics Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, End-use Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Polyphenylene Sulfide (PPS)
Sulfone Polymers (SP)
Liquid Crystal Polymers (LCP)
By End-use Industry:
Electrical & Electronics

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. High Performance Plastics Market, by Region, 2020-2030 (USD Billion)
1.2.2. High Performance Plastics Market, by Type, 2020-2030 (USD Billion)
1.2.3. High Performance Plastics Market, by End-use Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global High Performance Plastics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global High Performance Plastics Market Dynamics
3.1. High Performance Plastics Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing demand for electric and hybrid vehicles Growing demand for high-performance plastics in the packaging industry
3.1.2. Market Challenges High Cost of High Performance Plastics
3.1.3. Market Opportunities Advancements in material technology Increasing focus on sustainability
Chapter 4. Global High Performance Plastics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global High Performance Plastics Market, by Type
5.1. Market Snapshot
5.2. Global High Performance Plastics Market by Type, Performance – Potential Analysis
5.3. Global High Performance Plastics Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. High Performance Plastics Market, Sub Segment Analysis
5.4.1. Fluoropolymers
5.4.2. Polyamides
5.4.3. Polyphenylene Sulfide (PPS)
5.4.4. Sulfone Polymers (SP)
5.4.5. Liquid Crystal Polymers (LCP)
5.4.6. Others
Chapter 6. Global High Performance Plastics Market, by End-use Industry
6.1. Market Snapshot
6.2. Global High Performance Plastics Market by End-use Industry, Performance – Potential Analysis
6.3. Global High Performance Plastics Market Estimates & Forecasts by End-use Industry 2020-2030 (USD Billion)
6.4. High Performance Plastics Market, Sub Segment Analysis
6.4.1. Transportation
6.4.2. Electrical & Electronics
6.4.3. Industrial
6.4.4. Medical
6.4.5. Others
Chapter 7. Global High Performance Plastics Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. High Performance Plastics Market, Regional Market Snapshot
7.4. North America High Performance Plastics Market
7.4.1. U.S. High Performance Plastics Market Type breakdown estimates & forecasts, 2020-2030 End-use Industry breakdown estimates & forecasts, 2020-2030
7.4.2. Canada High Performance Plastics Market
7.5. Europe High Performance Plastics Market Snapshot
7.5.1. U.K. High Performance Plastics Market
7.5.2. Germany High Performance Plastics Market
7.5.3. France High Performance Plastics Market
7.5.4. Spain High Performance Plastics Market
7.5.5. Italy High Performance Plastics Market
7.5.6. Rest of Europe High Performance Plastics Market
7.6. Asia-Pacific High Performance Plastics Market Snapshot
7.6.1. China High Performance Plastics Market
7.6.2. India High Performance Plastics Market
7.6.3. Japan High Performance Plastics Market
7.6.4. Australia High Performance Plastics Market
7.6.5. South Korea High Performance Plastics Market
7.6.6. Rest of Asia Pacific High Performance Plastics Market
7.7. Latin America High Performance Plastics Market Snapshot
7.7.1. Brazil High Performance Plastics Market
7.7.2. Mexico High Performance Plastics Market
7.8. Middle East & Africa High Performance Plastics Market
7.8.1. Saudi Arabia High Performance Plastics Market
7.8.2. South Africa High Performance Plastics Market
7.8.3. Rest of Middle East & Africa High Performance Plastics Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Solvay (Belgium) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. BASF SE (Germany)
8.3.3. Arkema (France)
8.3.4. Evonik Industries (Germany)
8.3.5. DuPont (U.S.)
8.3.6. SABIC (Saudi Arabia)
8.3.7. DAIKIN INDUSTRIES, Ltd (Japan)
8.3.8. Victrex plc (U.K.)
8.3.9. Saint-Gobain Performance Plastics (France)
8.3.10. DSM (Netherlands)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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