High Temperature Thermoplastics Market Size, Industry Segment by Applications & Forecast To 2022

High Temperature Thermoplastics Market size was USD 13.28 Billion in 2016 and is estimated to reach USD 21.70 Billion by 2022, at a CAGR of 8.57% during the forecast period.

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The HTTs market is driven by the increasing use of fluoropolymers and aromatic ketone polymers due to its superior thermal conductivity property. The report includes an analysis of the HTTs market by region, namely, North America, Europe, Asia Pacific, Middle East & Africa, and South America.

2016 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the years prior to it have been considered.

Objectives of the Study:

·         To define, describe, and forecast the HTTs market on the basis of resin type, end-use industry, and region

·         To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

·         To analyze the market segmentation and to project the HTTs market by temperature range, by end-use industry, and by resin type in different regions, namely, North America, Europe, Asia Pacific, South America, and Middle East & Africa

·         To analyze the significant region-specific trends

·         To analyze the opportunities in the market for stakeholders and provide a competitive landscape of the market

·         To analyze recent market developments and competitive strategies, such as agreements, collaborations, joint ventures, mergers & acquisitions, and new product developments

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Different secondary sources such as Hoovers, Bloomberg, Chemical Weekly, Factiva, Commonwealth Scientific and Industrial Research Organization (CSIRO), Securities And Exchange Commission (SEC), American National Standards Institute (ANSI), Organization for Economic Co-operation and Development (OECD), and other government and private websites, directories, and databases were referred to identify and collect information useful for a technical, market-oriented, and commercial study of the global HTTs market. Primary sources, which include experts from related industries, have been interviewed to verify and collect critical information as well as to assess the prospects of the market. The top-down approach has been implemented to validate the market size, in terms of value and volume.

Some of the major players in the HTTs market are Solvay (Belgium), BASF (Germany), Evonik Industries (Germany), DowDuPont (US), Celanese Corporation (US), and Arkema (Japan).

These companies are expected to account for a significant market share in the near future. Entering into related industries and targeting new markets will enable the HTTs manufacturers to overcome the effects of volatile economy, leading to diversified business portfolio and increase in revenue. Other major manufacturers of HTTs are SABIC (Saudi Arabia), Toray (Japan), Royal DSM (Netherlands), and Victrex (UK).