The global heat resistant polymer market is expected to reach USD 34.7 billion by 2030, expanding at a CAGR of 9.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is likely to be influenced by the growing investments in the aerospace, electronics and the automotive sector.
Heat resistant polymers are resistant to degradation at high temperatures and thus can be extensively used in the transportation, electronics, defense, and bio-medical sector. High temperature resistant polymers are produced from chemicals using a various process, the most popular one being the chain reaction polymerization.
These polymers are consumed in the production of electrical insulations, coal boilers, packaging, and gaskets. Moreover, they are also utilized as raw materials for making high temperature fuel cells in the chemical manufacturing industry. Automotive and aerospace companies are continuously capitalizing their research and development operations to bring in advanced solutions for increasing fuel efficiency of the vehicles by replacing conventional materials.
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Heat Resistant Polymer Market Report Highlights
• The fluoropolymers segment accounted for 31.9% of the market revenue in 2023, attributed to their exceptional heat and chemical resistance.
• The automotive segment dominated the market in 2023. Heat resistant polymers are extensively used in various automotive applications, including under-the-hood components such as engine covers, air intake manifolds, and radiator end tanks.
• The Asia Pacific region held the largest market share of 34.5% in terms of revenue in the global heat resistant polymer market in 2023 attributed to the rapid industrialization and urbanization in countries such as China and India.
Heat Resistant Polymer Market Segmentation
Grand View Research has segmented the global heat resistant polymer market on the basis of based on type, end use and region:
Heat Resistant Polymer Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)
• Fluoropolymer
• Polyphenylene Sulfide
• Polyimides
• Polybenzimidazole
• Polyether Ether Ketone
• Others
Heat Resistant Polymer End Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)
• Transportation
• Electronics & Electrical
• Others
Heat Resistant Polymer Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Russia
o Denmark
o Sweden
o Norway
• Asia Pacific
o Japan
o China
o India
o Thailand
o South Korea
• Latin America
o Brazil
o Argentina
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
List of Key Players of Heat Resistant Polymer Market
• Daikin Industries Ltd.
• RTP Company
• PBI Advanced Materials Co., Ltd.
• Avient Corporation
• Asahi Kasei Corporation
• Covestro AG
• TER HELL Plastic GmbH
• SONGWON
• Guangdong Yinyang Environment-Friendly New Materials Co., Ltd.
• Mitsui Chemicals
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