The heat resistant polymer market is projected to grow at a CAGR of 6.7% over the course of the forecast period, from a value of US$ 17.75 billion in 2022 to US$ 33.95 billion in 2032.
Heat resistant polymer is also known as fire-safe polymer. Heat resistant polymers are resistant to degradation at high temperatures. There is need for heat resistant polymers in construction of small, enclosed spaces such as boats, skyscrapers, and airplane cabins. In these compact spaces, ability to escape in the event of a fire is compromised, increasing fire risk.
The flammability of polymers is a vital issue and severely limits their applications. Recent fire safety concerns put even more stringent requirements for the materials used in inescapable and enclosed areas, such as high-rise building, submarines, electronic enclosure, ships and aircraft cabins. High-performance and light-weight heat resistant polymeric materials offer many advantages in these application over ceramic material and conventional metal
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Heat Resistant Polymer: Dynamics
Heat resistant polymer market is majorly driven by its distinct functional properties such as excellent chemical resistance, good dimensional stabilities, superior electrical properties, and its flame retardant nature. Presence of such advantageous properties is anticipated to drive the demand of heat resistant polymer in near future.
Moreover, the increase in the usage of heat resistant polymer in several automotive components in the transportation industry is boosting the heat resistant polymer market globally. Heat resistant polymers have less weight as compared to that of heavy weight metal, owing to this, heat resistant polymer is use in several high-growth applications such as boats, skyscrapers, airplane cabins and others.
However, the processing cost of heat resistant polymer is quite high, which is expected to restrain the growth of heat resistant polymer market
The prominent manufacturers involved in the production of heat resistant polymer are adopting aggressive growth strategies in order to increase their presence in mature as well as in emerging economies.
Heat Resistant Polymer: Market Participants
The key player in heat resistant polymer market includes Du Pont, Arkema SA, Dongyue Group Ltd., Honeywell International Inc., Schulman AG, RTP Company, Daikin Industries Ltd., Kuraray Co., Ltd, Parkway Products Inc., Ensinger, DIC Corporation GmbH and Others
The key players involved in the production of Heat Resistant Polymer are strongly focusing on the innovation and technological advancement in the product in order to gain competitive advantage. Also, the manufacturers are focusing on expansion of their business through mergers and collaboration activities.
The research report presents a comprehensive assessment of the Heat Resistant Polymer market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Heat Resistant Polymer market segments such as component, type, application, end-user and region, etc.
The market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Bi-metallic Band Saw Blade market segments and geographies.
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Heat Resistant Polymer: Segmentation
Globally, the Heat Resistant Polymer market can be segmented on the basis of material type, and end use
Based on the material type, the Heat Resistant Polymer market can be segmented into
- Polyimides
- Polyphenylene sulfide
- Fluoropolymers
- Polyether ether ketone
- Polybenzimidazole
Based on the end use, the Heat Resistant Polymer market can be segmented into
- Electronics and Electrical
- Transportation
- Others
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