Heat Resistant Polymer Market Size & Share, by Type (Fluoropolymers, Polyimides, Polyphenylene Sulfide, Polybenzimidazole, Polyether Ether Ketone); End-user (Automotive, Aerospace & Defense, Electronics & Electrical, Industrial Equipment, Marine, Transportation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4141
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Heat Resistant Polymer Market size is estimated to surpass USD 30 Billion by the end of 2035, growing at a CAGR of 6% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of heat resistant polymer was over USD 16 Billion. The increasing use of heat polymers in various industrial sectors such as automotive, aerospace, electronics, and manufacturing is one of the key drivers behind its global growth. As these industries continue to advance and expand their operations there is a rising demand, for materials that can withstand temperatures.

Moreover, heat resistant polymers have the advantage of being recyclable and capable of substituting metals in applications. This is beneficial for sustainability initiatives across industries. Additionally, these polymers are generally lighter making transportation more convenient.

 Furthermore, they can be engineered to withstand wear and tear enhancing their durability compared to materials. As a result, the demand for materials is reduced, leading to a decrease, in waste generation and energy consumption.


Heat Resistant Polymer Market
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Heat Resistant Polymer Sector: Growth Drivers and Challenges

Growth Drivers

  • Robust Growth of the Electronics Sector- With the advancement of electronic devices there is a growing demand for materials that can effectively handle the heat produced by high performance electronics. Heat resistant polymers play a role in various electronic components, circuit boards, connectors, motor brush cards and housing by ensuring stability even at elevated temperatures. As a result, the electric and electronic industry is expected to experience technological progress that will drive market growth in the coming years. Recent projections indicate that the US electronics sector generated an estimated income of USD 300 billion, in 2019.
  • Aiming for Light weighting In Aerospace- The aerospace industry is actively searching for materials to enhance fuel efficiency and lower emissions. In the field of aerospace various heat resistant polymers such as polyetherimide, polyetheretherketone (PEEK) and polyphenylene sulfide are in demand. These polymers provide a solution as they are lighter, than metals and can endure high temperatures found in engine compartments and aircraft components.
  • Expanded Use in Additive Manufacturing- The use of heat polymers in additive manufacturing also known as 3D printing has experienced significant growth. This innovative technology enables the creation of parts that possess excellent thermal stability leading to exciting opportunities in the fields of design and engineering. By facilitating prototyping and design adjustments it has empowered businesses to introduce products to the market more swiftly and affordably. Additionally, it has revolutionized the production of components with geometries that were previously unattainable, through conventional manufacturing methods.

Challenges

  • Lack of Standardization- The absence of agreed upon industry standards for heat resistant polymers can result in differences in material properties and performance posing challenges, for engineers and manufacturers when it comes to material selection and design.
  • Time-consuming and costly regulatory approvals
  • The cost of heat-resistant polymers can be higher than that of traditional polymers and metals, making them more difficult to use in certain applications and industries

Heat Resistant Polymer Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~6%

Base Year Market Size (2022)

~ USD 16 Billion

Forecast Year Market Size (2035)

~ USD 30 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Heat Resistant Polymer Segmentation

Type (Fluoropolymers, Polyimides, Polyphenylene Sulfide, Polybenzimidazole, Polyether Ether Ketone)

The Fluoropolymers segment is expected to dominate the heat resistant polymer market with a share of 36% by 2035. Fluoropolymers are widely used as heat polymers in various industries. They play a role in the electrical and electronics sector due to their exceptional properties, such as chemical resistance and dimensional stability.

Moreover, their insulating properties make them highly sought after for applications, like interconnecting wires, hook up wires, computer wires and thermocouple wires.

End-User (Automotive, Aerospace & Defense, Electronics & Electrical, Industrial Equipment, Marine, Transportation)

Heat resistant polymer market from the automotive segment is projected to capture a revenue share of approximately 30% by the year 2035. This growth can be attributed to the adoption of heat polymers instead of stainless steel and other materials which offers several advantages in manufacturing vehicles that are more efficient and durable. As a result, the increasing presence of cars, electric vehicles, autonomous cars and other types of vehicles worldwide is expected to drive growth in this sector throughout the forecast period. For example, it has been estimated that by 2025 there will be 470 million connected cars on roads, across the globe.

Our in-depth analysis of the global market includes the following segments:

    Type

  • Fluoropolymers
  • Polyimides
  • Polyphenylene Sulfide
  • Polybenzimidazole
  • Polyether Ether Ketone

    End User

  • Automotive
  • Aerospace & Defense
  • Electronics & Electrical
  • Industrial Equipment
  • Marine
  • Transportation 

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Heat Resistant Polymer Industry - Regional Synopsis

North American Market Forecast

The heat resistant polymer market in North America is expected to have the largest market share of heat resistant polymers accounting for approximately 35% by the end of 2035. This growth is primarily driven by the flourishing chemical industry in the region, which indicates an increased production rate of heat polymers in the coming years. Recent reports suggest that the chemical industry in the United States generated revenue of around USD 550 billion in 2019.
Additionally, there is a demand for vehicles, which further contributes to the growth of the automotive sector in this region. According to the International Organization of Motor Vehicle Manufacturers OICA sales of all types of vehicles in America increased from 20,814,832 in 2020, to 22,001,152 in 2021. Meanwhile vehicle production reached 16,151,639 units in 2021 within this region.

APAC Market Statistics

The heat resistant polymer market in the Asia Pacific region is projected to be the modest in coming years, accounting for approximately 24% by the year 2035. The regions diverse range of industries such as electronics and automotive is expected to drive growth opportunities in the coming years. Moreover, government initiatives and the presence of market players are likely to create favorable prospects for further expansion, in this region over the next few years.

Research Nester
Heat Resistant Polymer Market Size
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Companies Dominating the Heat Resistant Polymer Landscape

top-features-companies
    • Honeywell International Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BASF SE
    • DuPont de Nemours, Inc.
    • Daikin Industries,Ltd.
    • DIC Corporation AG
    • Celanese Corporation
    • Solvay SA
    • Avient Corporation
    • RTP Company Inc.

In-the-news

In The News

  • DIC Corporation joins hands with Canadian Quantum Chemistry and Computing start-up name Good Chemistry Company. This partnership will enable DIC Corporation to strengthen its capabilities in quantum chemistry and computing, which will help to accelerate the development of new materials and innovative processes.
  • Honeywell International Inc. stated that it has developed a method to melt down low-grade plastic waste and transform it back into oil which can be utilized to feed refineries. The use of this technology enables the company to convert low-grade plastics into a refinery feedstock, which can then be used to produce fuels and other products.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 4141
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the heat resistant polymer market are the increasing demand for lightweight materials and components in the automotive and aerospace industries, the growing need for heat-resistant materials in various industrial applications.

The market size of heat resistant polymer is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2035.

The major players in the market are Honeywell International Inc., BASF SE, DuPont de Nemours, Inc., Daikin Industries,Ltd., DIC Corporation AG, Celanese Corporation, Solvay SA, Avient Corporation, and others.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Heat Resistant Polymer Market Report Scope
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