GarnerInsights.com has added the report, “Heat Resistant Market – Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 – 2025” published by Reports Monitor. The far-reaching research study offers a 360-degree analysis of the market crosswise over different unequivocal elements, including market share by segmentation type, market cost analysis, market effect factors, and marketing strategy and promoting methodology.
Heat resistant polymers are the polymers that remain unaffected at high temperatures. Also these polymers are light in weight and flexible which can easily replaces metals and other ceramic materials. Heat resistant polymers can be used in semiconductor, petro-chemical, aerospace and transportation industries. As well as congested places like construction of small spaces in skyscrapers, cruise ships, aircraft cabins.
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Market Growth Factors:
Heat Resistant Polymer market is driven by the consecutive increase demand in automobile & aerospace industries. As it helps to reduced overall weight of vehicle or aircraft with great comfort and make it attractive. Rigorous increment in demand from developing economies for heat resistant polymers helps to drive the market. As the material prefer for use in automotive production are these polymers. Also changing trend of using heat resistant polymer over traditional material is growing rapidly. However, high prices of the heat resistant polymers restrict the growth of the market. Also, manufacturing of heat resistant polymers and availability of raw material is time consuming process. As well as strict government policies about heat resistant polymers restrict the growth of market.
The heat resistant market is segmented on the basis of types such as, fluropolymers, polyimides, polyphenylene sulfide, polybenzimidazole, and polyether ether ketone. On the basis of end-user the market is divide as transportation, electronics & electrical. Transportation is further sub-divided in systems like fuel, induction, coolant. And electronics & electrical is segmented in circuits, connectors and motor brush card.
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Based on geographical region, heat resistant polymers are segregated in North America, Europe, Asia Pacific, Middle East & Africa and LAMEA. Asia Pacific was the largest market for heat resistant polymer in 2016. China, India and Japan having highest market share from Asia Pacific region. In North America, U.S. is expected to having significant market share due to expansion of transportation segment. As demand in electrical & electronics segment in Europe boost to grow the heat resistant polymer market. Market growth is expected from Middle East & African region in upcoming years.
The major companies in heat resistant polymer market are taking up advanced technologies for production processes. Companies like, BASF SE, Evonik Industries AG, Daikin Industries Ltd., Solvay S.A., Kuraray Co. Ltd., Victrex PLC, The DOW Chemical Company, Polyone Corporation are engaged in expanding the market.
Growth Factors Details:
•Among end-use industries, the industrial segment is projected to lead the Heat Resistant Market during the forecast period.
•Among types, the Heat Resistant segment is projected to grow at the highest CAGR during the forecast period.
•Increasing demand for Heat Resistant in the Asia-Pacific is the major driver for the growth of Heat Resistant market in the region.
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