Thursday, 25 February 2016

High Performance Thermoplastics Market Benefits from Rising Demand for Several End-use Applications : Transparency Market Research

Transparency Market Research’s (TMR) market study on the global high performance thermoplastics market presents a detailed overview of how the said market will shape up in the 2014-2020 period. The report is definitive for understanding the various parameters that are in the purview of high-performance thermoplastics and their market. The report is titled “High Performance Thermoplastics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020” and is available for sale on the company website. In this report, analyzing developmental trends in the past, facts that will have a bearing on the market in the future are looked into.

According to the report, expanding operations of the engineering plastics and heavy machinery industries, which depend on high-performance constituents, are mainly driving the high-performance thermoplastics market. Polycarbonate, nylon 66, polyamide, and PEEK (polyether ether ketone) are some major high-performance engineering plastic products.

Among the several high-performance thermoplastic products, polyamide is ahead of all due to its applications across a bunch of industries such as automotive, construction, consumer goods, electronics, and sports equipment, among others. Other than this, polyamide exists in its natural state and can also be produced artificially through polymerization. The polyamide 6 and polyamide 66 variants are the ones that are produced artificially in large volumes to be used in the production of fibers. The polyamide 12 and polyamide 11 variants are mainly used as engineering plastics.

Polycarbonates exhibit high tensile strength and thermal stability; however, the low scratch resistance of these thermoplastics limits their use for only a handful of industries. Polycarbonates are primarily suitable for automotive applications.

The report says that biodegradability concerns and environmental hazards that are associated with the production of high-performance thermoplastics are detrimental to the market’s growth. To address this, research and development is underway to develop biobased thermoplastics. Sebacic acid and udecanoic acid obtained from castor oil are largely used in the production of these polyamides.

Currently, the utilization of high-performance thermoplastics in the manufacture of a range of consumer goods is on an upswing. The increasing GDPs and rising disposable income of individuals are leading to growing utilization of these plastics for manufacturing high-quality consumer goods. In particular, the emerging economies of China, India, and Brazil, which are investing heavily for expansion of the automotive and transportation sectors, will exhibit substantial demand for high-performance thermoplastics for utilization in these industries.

Generally, high-performance thermoplastics are characterized by light weight, chemical resistance, and abrasion resistance features, which make them suitable for transportation applications. Due to these reasons, high-performance thermoplastics exhibit substantial demand from transportation applications.

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