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Heat Resistant Polymers Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: January 2024 || SKU: CH3144
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Heat Resistant Polymers Market is segmented By Type (PEEK, PTFE, FEP, ETFE, PPS, PSU, PPSU, Others), By Application (Aircraft Hardware & Fasteners, Outdoor Instrument Housing, Mechanical & Structural Components, Jet Engines, Industrial Machinery, Others), By End User (Automotive & Transportation, Electrical & Electronics, Industrial & Equipment, Building & Construction, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031.

 

Heat Resistant Polymers Market Overview

Heat Resistant Polymers Market is expected to grow at a CAGR of 5.5% during the forecasting period (2024-2031).

Heat-resistant polymers are a specialized and quickly developing segment of the plastics market. Today, the heat-resistant melt-processable thermoplastics market comprises several polymer families and each family consists of various polymer types. Moreover, the plastics industry commonly uses high-performance, engineering polymers and standard or commodity plastics to characterize these materials' applications. In addition, these melt-processable plastics are structural capabilities over the long-term at service temperatures greater than 150°C and short-term use at higher than 250°C. These materials require a mixture of extraordinary properties. Furthermore, depending on their application, it must have superior short & long-term thermal stability, chemical & radiation resistance, resistance to burning, and excellent mechanical properties that are often similar to metals.

Heat Resistant Polymers Market Scope

Metrics

Details

Market CAGR

5.5%

Segments Covered

By Type, By Application, By End User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

North America

Largest Market Share 

Asia Pacific

 

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Heat Resistant Polymers Market Dynamics and Trends

Top demands of heat-resistant polymers include PEEK, torlon, vespel, teflon (PTFE), celazole PBI with various operating temperatures, mechanical properties, and strength.

The increasing demand for transportation has increased the demand for heat-resistant plastic that can serve temperatures up to 550ºF and can even withstand temperatures up to 900ºF for a limited period without decaying its thermal or mechanical properties due to which Vespel has become a popular selection for applications like jet engines, trucks, cars, and industrial machinery. Moreover, it has highly resistant to chemical corrosion, has low friction & superior wear performance, and high impact resistance and strong toughness. This lightweight material can be machined to achieve complicated geometries and tight tolerances by providing designs that would be impossible with lesser materials.

Furthermore, the increase in demand for the high-strength transmission line is expected to boost the talon market, which offers exceptional long-term stability and stiffness with a constant temperature of 500ºF. This makes it an efficient alternative to metal for high-temperature friction and wear applications. In addition, torlon is stronger at 400ºF than other engineering resins are at room temperature with outstanding resistance to creep, model, and chemicals, including strong acids and most organic chemicals that are perfect for severe service environments.

Moreover, the increasing demand of the automobile & transportation sector will increase the PEEK market growth due to a melting point over 700ºF, a continuous operating temperature of 500ºF, superior hardness, and can run at high-load & high-temperature environments without losing dimensional properties. In addition, it can resist many harsh chemicals and can withstand wear effects even under extreme physical and chemical conditions.

However, the cost of heat-resistant thermoplastics is on average ten times higher than more generally used polymers because they have excellent temperature capabilities, excellent toughness, high strength, and led to a relatively high growth rate. In addition, their wear resistance, chemical resistance, and other performance properties are even more valued in many applications of heat-resistant polymers.

Heat Resistant Polymers Market Segmentation Analysis

By type, the market is segmented into PEEK, PTFE, FEP, ETFE, PPS, PSU, PPSU, and others. By application, the market is segmented into aircraft hardware & fasteners, outdoor instrument housing, mechanical & structural components, jet engines, industrial machinery, and others. By end-user, the market is segmented into automotive & transportation, electrical & electronics, industrial & equipment's, buildings & construction, and others.

ETFE (ethylene tetrafluoroethylene) is referred to as Tefzel, a modified copolymer of ethylene tetrafluoroethylene. Its medium stiffness makes it suitable for applications like petrochemical tank walls that require weldability and the ability to adhere to curved metal or FRP surfaces. In addition, it is often used in applications that demand mechanical toughness, moderate stiffness, and outstanding chemical resistance.

PPSU is a high-temperature thermoplastic material with excellent impact resistance to hot water and steam that can resist repeated cycles in a steam autoclave. Moreover, this plastic is made up of amorphous material with a high glass transformation temperature and low moisture absorption. Furthermore, PPSU material has more considerable impact strength and chemical resistance than PES and PSU from the polysulfone group. Apart from these properties, PPSU polymer can resist sterilization with superheated steam more reliable than other polymers segments and is resistant to detergents and disinfectants.

Global Heat Resistant Polymers Market Geographical Share

The Asia Pacific holds the highest share in the market and witnessed the fastest growth during the forecast period. Developing economies countries, including China & India, are expected to boost the market growth in this region due to the increasing demand for high-temperature plastics for automotive, electronics, and aerospace industries.

North America and Europe together accounted for the significant growth of the global demand during the forecast period. Advanced product introduction, key manufacturers, and end-use industries are responsible for the market growth in this region. In addition, the increasing production of automobiles and investments in defence & aerospace is projected to enhance demand for heat-resistant polymers worldwide. Considerable investments in developing polymer engineering in North America are anticipated to surge preference for these plastics.

Heat Resistant Polymers Market Companies and Competitive Landscape

The heat-resistant polymers market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. BASF SE, Arkema SA, Evonik Industries AG, Solvay S.A., Kuraray Co. Ltd., Victrex PLC, E. I. Du Pont De Nemours and Company, Daikin Industries Ltd., Celanese Corporation, Honeywell International Inc. are the major player in the polymers market. The major players are adopting many growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the heat-resistant polymers market globally.

BASF SE

Ultramid® Endure is a glass-fibre-reinforced polyamide that combines excellent heat ageing resistance with the excellent processing properties of PA 66, which can withstand continuous use over 3,000 hours at up to 220°C and peak temperature up to 240°C. Moreover, it is suitable for injection molding and blow molding and makes the plastic a perfect replacement for metal for elements used in all parts of the charge air duct from the turbocharger and pipes through to the intercooler. The heat resistant polymer properties include superior heat ageing resistance under constant loading at up to 220°C, excellent toughness, high strength, excellent weld line strength, better flowability of the injection-molding grade than standard PA 66, outstanding surface quality, excellent processability.

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FAQ’s

  • The market is growing at a CAGR of 5.5%.

  • Major players are BASF SE, Arkema SA, Evonik Industries AG, Solvay S.A., Kuraray Co. Ltd., Victrex PLC, E. I. Du Pont De Nemours and Company, Daikin Industries Ltd., Celanese Corporation, Honeywell International Inc.

  • North America is the fastest-growing region in the Heat Resistant Polymers Market.

  • Asia Pacific is the Largest Market Share in Heat Resistant Polymers Market.
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