The Future of High Performance Plastics to 2019 contains a five year forecast of this fast-moving market, including data about cutting-edge developments, geographic markets and end-use sectors. Based on expert analysis and in-depth research, the report contains a number of exclusive figures and tables.
According to the report, high performance plastics are a relatively small market compared with the plastics market as a whole, representing less than 1% of total plastics consumption. However, this sector is growing at a faster rate than the plastics market as a whole. High performance plastics have reached a high level of market penetration in many end-use applications in key markets such as automotive, electrical and electronics and consumer products. The search for new and faster-growing markets is an ongoing issue for the industry.
Technological advancement in materials, processing and products continues to support development of high performance plastics markets. Advanced composites materials which incorporate dispersions of carbon fibre, carbon nanotubes or graphene into the polymer matrix to produce materials with improved properties offer enormous potential for high performance plastics. These materials will continue to replace metal in a range of applications in aerospace, wind energy, automotive and other industrial applications over the five-year period to 2019.
The Future of High Performance Plastics to 2019 reports that high performance plastics markets are becoming more concentrated, with a growing share of production concentrated in the hands of the top ten suppliers. Merger and acquisition activity have increased, some plants were closed and some companies even withdrew from markets altogether in the period 2008-13.
In geographic terms, the Asia pacific region has strengthened its position as the dominant producer and consumer of high performance plastics over the five year period to 2013. Asia Pacific has grown its share of global high performance plastics market consumption from 46.0% in 2008 to 48.8% in 2013. The mature Western European and North American markets, meanwhile, have continued to lose share. Other regions such as Eastern Europe, South and Central America and the Middle East and Africa consume relatively small volumes of high performance plastics at present.
This market study analyses eight major end-use markets for high performance plastics: automotive, aerospace and defence, electrical and electronics, consumer products, industrial, building and construction, medical devices and healthcare products, and other markets. Electrical and electronics is the biggest market for high performance plastics, accounting for 33.7% of total consumption in 2013. The medical plastics market is expected to grow rapidly, particularly in developing regions, boosted by rising demand for sophisticated medical devices and improving medical care.
The Future of High Performance Plastics to 2019 is available to purchase online and receive immediately here. It is discounted 10% until 28 March 2014. After that, it will be available for £3950.
To find out more about the report and how your company can benefit from a global usage licence, please contact: Brian Santos (US) T: +1 207 781 9618 or Bill Allen (UK) T: +44 (0) 1372 80202