High-Performance Polymers Market: By Type, Polyphenylene Sulphide, Sulfone Polymers, Polyamide, Polyketones, Polyimides, Liquid Crystal Polymers, Others), By End-user Industry and Geography
High-Performance Polymers market size was valued at US$ 32,943.7 million in 2023 and is poised to grow at a CAGR of 4.8% from 2024-2030. High-performance polymers are a family of polymer materials with remarkable mechanical, thermal, chemical, and electrical capabilities. The polymers are made to meet strict specifications in a variety of industries and are developed to perform better in specific applications than common commodity plastics. The increased demand for lightweight polymers in industries like automotive and aerospace to improve fuel efficiency and reduce emissions is expected to drive the high-performance polymers market. Moreover, owing to their biocompatibility, stabilizability, and resistance to chemicals and body fluids, high-performance polymers are in high demand in the medical sector.
High-performance polymers derived from renewable and biological sources now have more prospects as society moves toward more environmentally friendly and sustainable materials and provides several opportunities to manufacturers for the development of the market. For instance, in November 2022, Ascend Performance Materials acquired California-based Circular Polymers, a postconsumer, high-performance polymers recycler. The deal provided Ascend with a consistent supply of high-quality PCR materials for its ReDefyne sustainable polyamides. Additionally, the miniaturization of electronic components with exceptional electrical properties and dimensional stability by high-performance polymers is currently in trend and is anticipated to experience market growth. But, the high cost of high-performance polymers than conventional polymers and other materials like metals hinders the market growth. However, innovation and technological advancements, urbanization and industrialization, infrastructure development, and increased disposable income among the population are anticipated to fuel the market growth during the forecasted years.
Study Period
2024-2030Base Year
2023CAGR
4.80%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
The market is expected to rise owing to increased consumption in the automotive sector. High-performance polymers experienced the quickest rate of growth in the automotive sector as it provides numerous benefits and enable advancements in design, performance, and efficiency. Due to their superior mechanical qualities, thermal stability, chemical resistance, and low friction coefficients, these polymers are used in a variety of automotive applications such as engine components, fuel system components, suspension and chassis components, sealing, gaskets, and others. Furthermore, the electrical connectors, sensors, and wiring harnesses are made of polymers with strong electrical insulating qualities, such as polyphenylene sulphide (PPS) and polyetherimide (PEI) to ensure dependable electrical performance to tolerate high temperature ranges. Thus, incorporating high-performance polymers helps to meet stringent performance requirements, enhances safety, and contributes to advancements in the automotive industry that further propels the market growth.
North America is poised to grow at 5.2% CAGR over the forecast period owing to the U.S. and Canada being a robust industrial base, including the automotive and aerospace industries. The demand for high-performance polymers in North America is mostly fuelled by the automotive industry. Additionally, the strong focus on research and development in polymer science and technology along with environmental concerns and sustainability initiatives in North America aligns the region's market growth upwards. USA dominates the North America’s high-performance polymers market.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 32,943.7 million |
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Market CAGR |
4.80% |
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By Type |
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By End User |
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By Region |
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The high-performance polymer market size was valued at US$ 32,943.7 million in 2023
The miniaturization of electronic components with exceptional electrical properties and dimensional stability by high-performance polymers is the key trend in the high-performance polymer market.
DuPont, 3M, Solvay, BASF SE, Celanese Corporation, DAIKIN INDUSTRIES, Ltd., Resirene, MC Polymers, Celanese, Arkema, Chevron Phillips, Victrex, Sabic Global technologies, Arkema, E. I. Dupont De Nemours and Company, Evonik Industries AG, Saudi Basic Industries Corporation (SABIC), Solvay S.A. and Sumitomo Chemical Co., Ltd are a few companies operating in the high-performance polymer market.
| 1.Executive Summary |
| 2.Global High-Performance Polymers Market Introduction |
| 2.1.Global High-Performance Polymers Market - Taxonomy |
| 2.2.Global High-Performance Polymers Market - Definitions |
| 2.2.1.Type |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global High-Performance Polymers Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global High-Performance Polymers Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global High-Performance Polymers Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Fluoropolymers |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Polyphthalamide (PPA) |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Polyphenylene Sulphide (PPS) |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Sulfone Polymers (SP) |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Polyamide (PA) |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Polyketones |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Polyimides |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Liquid Crystal Polymers (LCP) |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Others |
| 5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 6.Global High-Performance Polymers Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Automobile |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Aerospace & Defense |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Electrical & Electronics |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Industrial |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Medical |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7.Global High-Performance Polymers Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America High-Performance Polymers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Fluoropolymers |
| 8.1.2.Polyphthalamide (PPA) |
| 8.1.3.Polyphenylene Sulphide (PPS) |
| 8.1.4.Sulfone Polymers (SP) |
| 8.1.5.Polyamide (PA) |
| 8.1.6.Polyketones |
| 8.1.7.Polyimides |
| 8.1.8.Liquid Crystal Polymers (LCP) |
| 8.1.9.Others |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Automobile |
| 8.2.2.Aerospace & Defense |
| 8.2.3.Electrical & Electronics |
| 8.2.4.Industrial |
| 8.2.5.Medical |
| 8.2.6.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe High-Performance Polymers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Fluoropolymers |
| 9.1.2.Polyphthalamide (PPA) |
| 9.1.3.Polyphenylene Sulphide (PPS) |
| 9.1.4.Sulfone Polymers (SP) |
| 9.1.5.Polyamide (PA) |
| 9.1.6.Polyketones |
| 9.1.7.Polyimides |
| 9.1.8.Liquid Crystal Polymers (LCP) |
| 9.1.9.Others |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Automobile |
| 9.2.2.Aerospace & Defense |
| 9.2.3.Electrical & Electronics |
| 9.2.4.Industrial |
| 9.2.5.Medical |
| 9.2.6.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10.Asia Pacific (APAC) High-Performance Polymers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Fluoropolymers |
| 10.1.2.Polyphthalamide (PPA) |
| 10.1.3.Polyphenylene Sulphide (PPS) |
| 10.1.4.Sulfone Polymers (SP) |
| 10.1.5.Polyamide (PA) |
| 10.1.6.Polyketones |
| 10.1.7.Polyimides |
| 10.1.8.Liquid Crystal Polymers (LCP) |
| 10.1.9.Others |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Automobile |
| 10.2.2.Aerospace & Defense |
| 10.2.3.Electrical & Electronics |
| 10.2.4.Industrial |
| 10.2.5.Medical |
| 10.2.6.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) High-Performance Polymers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Fluoropolymers |
| 11.1.2.Polyphthalamide (PPA) |
| 11.1.3.Polyphenylene Sulphide (PPS) |
| 11.1.4.Sulfone Polymers (SP) |
| 11.1.5.Polyamide (PA) |
| 11.1.6.Polyketones |
| 11.1.7.Polyimides |
| 11.1.8.Liquid Crystal Polymers (LCP) |
| 11.1.9.Others |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Automobile |
| 11.2.2.Aerospace & Defense |
| 11.2.3.Electrical & Electronics |
| 11.2.4.Industrial |
| 11.2.5.Medical |
| 11.2.6.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America High-Performance Polymers Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Fluoropolymers |
| 12.1.2.Polyphthalamide (PPA) |
| 12.1.3.Polyphenylene Sulphide (PPS) |
| 12.1.4.Sulfone Polymers (SP) |
| 12.1.5.Polyamide (PA) |
| 12.1.6.Polyketones |
| 12.1.7.Polyimides |
| 12.1.8.Liquid Crystal Polymers (LCP) |
| 12.1.9.Others |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Automobile |
| 12.2.2.Aerospace & Defense |
| 12.2.3.Electrical & Electronics |
| 12.2.4.Industrial |
| 12.2.5.Medical |
| 12.2.6.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.DuPont |
| 13.2.2.3M |
| 13.2.3.Solvay |
| 13.2.4.BASF SE |
| 13.2.5.Celanese Corporation |
| 13.2.6.DAIKIN INDUSTRIES, Ltd. |
| 13.2.7.Resirene |
| 13.2.8.MC Polymers |
| 13.2.9.Celanese |
| 13.2.10.Arkema |
| 13.2.11.Chevron Phillips |
| 13.2.12.Victrex |
| 13.2.13.Sabic Global technologies |
| 13.2.14.Arkema |
| 13.2.15.Evonik Industries AG |
| 13.2.16.Saudi Basic Industries Corporation (SABIC) |
| 13.2.17.Solvay S.A. |
| 13.2.18.Sumitomo Chemical Co., Ltd. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
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