High Performance Requirements from Emerging Applications in Key End-use Markets to Drive High Performance Plastics Market to Reach 1 Million MTs by 2022
Industry Experts published a comprehensive global market report on High Performance Plastics titled ‘ High Performance Plastics – A Global Market Overview ’. This unique report reveals that Asia-Pacific is the largest volume consumer of High Performance Plastics, forecast to be 371.5 thousand metric tons (50.1% share) in 2016, which is also expected to record the fastest 2016-2022 CAGR of 6.8% and reach a projected 550 thousand metric tons by 2022. High performance plastics are used in applications demanding higher requirements than standard and engineering plastics because of their high strength, good chemical resistance, low coefficient of friction, performance at high temperatures, high quality electrical resistance. Major demand driver for the consumption of high performance plastics is the metal and other low performance materials replacement in demanding applications such as automotive, aerospace, electronics and medical, where high temperature resistance and strength is requi...