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The heat resistant polymer market share is expected to increase by USD 8.36 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.93%.
This heat resistant polymer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers heat resistant polymer market segmentation by end-user (transportation, electronics and electrical, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The heat resistant polymer market report also offers information on several market vendors, including ADEKA Corp., Albemarle Corp., Arkema S.A., Baerlocher GmbH, BASF SE, Celanese Corp., Clariant International Ltd., Covestro AG, DAIKIN INDUSTRIES Ltd., DIC Corp., DuPont de Nemours Inc., Exxon Mobil Corp., Honeywell International Inc., Kuraray Co. Ltd., RAG Stiftung, SABIC, Solvay SA, Songwon Industrial Co. Ltd., The Dow Chemical Co., and Victrex Plc among others.
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The increasing demand for fluoropolymers across end-users is notably driving the heat resistant polymer market growth, although factors such as high cost associated with high-performance heat resistant polymers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the heat resistant polymer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Heat Resistant Polymer Market Driver
Key Heat Resistant Polymer Market Trend
Key Heat Resistant Polymer Market Challenge
This heat resistant polymer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global heat resistant polymer market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the heat resistant polymer market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the heat resistant polymer market encompasses successful business strategies deployed by the key vendors. The heat resistant polymer market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The heat resistant polymer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the heat resistant polymer market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for heat-resistant polymers in North America. Market growth in this region will be slower than the growth of the market in APAC.
The high demand for fluoropolymers will facilitate the heat resistant polymer market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 negatively impacted the heat resistant polymer market in North America. However, in 2021, the initiation of vaccination drives in the region and the increase in investment inflows into the end-user industries resulted in the reopening of production plants and the resumption of construction projects in the region. Such factors are expected to propel market growth during the forecast period.
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The heat resistant polymer market share growth in the transportation segment will be significant during the forecast period. In 2021, the transportation sector held the largest share of the heat resistant polymers market. This substantial proportion can be attributed to their increasing use in automobiles to make them lightweight, compact, and fuel-efficient by substituting metallic elements with heat resistant polymers. Furthermore, the use of heat resistant polymers is intended to extend the service life of vehicle under-the-hood components. This, in turn, will boost the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the heat resistant polymer market size and actionable market insights on post COVID-19 impact on each segment.
Heat Resistant Polymer Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.93% |
Market growth 2022-2026 |
$ 8.36 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.11 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 35% |
Key consumer countries |
US, Canada, China, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ADEKA Corp., Albemarle Corp., Arkema S.A., Baerlocher GmbH, BASF SE, Celanese Corp., Clariant International Ltd., Covestro AG, DAIKIN INDUSTRIES Ltd., DIC Corp., DuPont de Nemours Inc., Exxon Mobil Corp., Honeywell International Inc., Kuraray Co. Ltd., RAG Stiftung, SABIC, Solvay SA, Songwon Industrial Co. Ltd., The Dow Chemical Co., and Victrex Plc |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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