The Latest High Performance Plastics Industry Statistics Explained
The global high performance plastics market size was valued at ($15,320.8) Million+ in 2019.
The statistic indicates that the global market for high performance plastics reached a value of $15,320.8 million in 2019. This signifies the total revenue generated from the sales of high performance plastics around the world during that year. High performance plastics are a specialized category of plastics with superior mechanical, thermal, and chemical properties, often used in industries such as automotive, aerospace, electronics, and healthcare due to their advanced performance characteristics. The market size figure provides insight into the significant scale and economic value of this industry segment in 2019, highlighting its importance and growth potential in various sectors.
The Global high performance plastics market is expected to grow at a CAGR of over 9% in the forecast period of 2021 – 2026.
This statistic indicates that the global high performance plastics market is projected to experience a Compound Annual Growth Rate (CAGR) of over 9% during the forecast period spanning from 2021 to 2026. A CAGR of 9% suggests a steady and significant growth trend in the market for high performance plastics over the specified period. This growth rate indicates the potential increase in demand for high performance plastics driven by factors such as technological advancements, increasing applications in various industries, and evolving consumer preferences. The forecasted growth highlights opportunities for businesses operating in the high performance plastics industry to expand their market presence, develop innovative products, and capitalize on the projected market growth.
High performance plastics consumption in Europe was 208.9 kilo tons in 2016.
The statistic ‘High performance plastics consumption in Europe was 208.9 kilo tons in 2016’ indicates the total amount of high performance plastics, measured in metric tons, that were used in various industries across Europe during the year 2016. High performance plastics are a category of advanced materials known for their exceptional mechanical, thermal, and chemical properties, making them desirable for applications requiring superior performance characteristics. The figure of 208.9 kilo tons highlights the substantial volume of these specialized plastics consumed in Europe, reflecting their importance in a wide range of sectors such as automotive, aerospace, electronics, and medical devices. This statistic provides insight into the significant demand for high performance plastics within the European market and underscores their role in driving innovation and efficiency across various industries.
The demand for high performance plastics in the automotive and aerospace sectors is projected to increase by over 60% by 2026.
The statistic indicates that there is a substantial expected growth in the demand for high performance plastics within the automotive and aerospace industries by the year 2026. A projected increase of over 60% suggests a significant expansion in both sectors’ utilization of these advanced materials, likely driven by factors such as technological advancements, regulatory requirements, and industry trends. This growth forecast implies a notable shift towards the adoption of high performance plastics for various applications in vehicle manufacturing, aircraft construction, and related components. Such an increase signifies a rising demand for materials that offer enhanced durability, weight savings, and performance characteristics, highlighting the importance of these plastics in advancing innovation and efficiency within the automotive and aerospace domains.
The automotive industry is expected to be the largest consumer of High-Performance Plastics, accounting for over 40% of total consumption.
This statistic indicates that the automotive industry is projected to be the key driver of consumption for High-Performance Plastics, with an estimated share of more than 40% of the total usage. High-Performance Plastics are a specialized category of polymers known for their enhanced properties like heat resistance, chemical resistance, and mechanical strength, making them ideal for demanding applications. The automotive sector’s significant consumption of these plastics suggests a growing trend towards using advanced materials for manufacturing lightweight, durable, and high-performance components in vehicles. This statistic highlights the increasing importance of High-Performance Plastics in the automotive industry and their potential to revolutionize the design and functionality of automotive products.
Revenue for the Asia Pacific High Performance Plastics market was $4.8 billion in 2014.
The statistic indicates that the total revenue generated from sales of high performance plastics in the Asia Pacific region amounted to $4.8 billion in the year 2014. This figure provides insight into the economic scale and importance of the high performance plastics market within the Asia Pacific region during that specific year. It suggests that there is a significant demand for high performance plastics in various industries such as automotive, electronics, aerospace, and others, leading to substantial revenue generation for businesses operating in this market segment. The statistic can be used to assess the market’s size, growth potential, and overall contribution to the regional economy.
The U.S. high performance plastics market for medical application was valued at over USD 390.0 million in 2016.
The statistic stating that the U.S. high-performance plastics market for medical applications was valued at over USD 390.0 million in 2016 indicates the total estimated worth of high-performance plastics specifically used in the medical sector within the United States during that year. This figure reflects the monetary value of the market for these specialized plastics, which are known for their superior mechanical, chemical, and thermal properties that make them suitable for demanding medical applications. The significant value suggests a thriving market for high-performance plastics within the medical industry, potentially driven by factors such as advancements in medical technology, increasing demand for innovative medical devices, and stringent requirements for quality and performance in healthcare settings.
High Performance Plastics volume was recorded at 1.2 million tons in 2019.
The statistic ‘High Performance Plastics volume was recorded at 1.2 million tons in 2019’ indicates the amount of high-performance plastics that were produced or consumed in the given year. This figure quantifies the total volume of high-performance plastics materials, which are engineered to possess superior mechanical, thermal, and chemical properties compared to standard plastics. The measure of 1.2 million tons provides a snapshot of the scale of production or consumption in the high-performance plastics industry in 2019, reflecting the demand for advanced materials in sectors such as automotive, aerospace, electronics, and other high-tech industries.
The total market volume of high-performance plastics in Japan was approximately 421,600 tons in 2019.
The statistic “The total market volume of high-performance plastics in Japan was approximately 421,600 tons in 2019” refers to the overall quantity of high-performance plastics that were bought and sold in the Japanese market during the year 2019. Market volume measures the total weight or quantity of a product that was traded within a specific period, in this case, high-performance plastics, which are a specialized type of plastic known for their superior mechanical, thermal, and chemical properties. The figure of 421,600 tons indicates the sheer scale of demand for these advanced plastic materials in Japan during 2019, showcasing the significance of high-performance plastics within the country’s industrial and manufacturing sectors.
It is predicted that the market demand for high performance plastics in China will reach approximately 814.0 kilotons by 2025.
This statistic indicates a forecasted market demand for high performance plastics in China, estimating that it will grow to around 814.0 kilotons by the year 2025. High performance plastics are a specialized category of plastic materials known for their exceptional mechanical, thermal, and chemical properties, suitable for demanding industrial applications. The predicted increase in market demand suggests a growing need for these advanced materials in various sectors such as automotive, aerospace, electronics, and healthcare in China. This statistic serves as a valuable insight for industry players, policymakers, and investors looking to capitalize on the expanding market opportunities within the high performance plastics sector in China.
High performance plastics market in Germany was valued at $1.5 billion in 2015.
The statistic indicates that in 2015, the high performance plastics market in Germany was valued at $1.5 billion. This figure represents the total monetary value of high performance plastics, which are specialized materials known for their exceptional mechanical, thermal, and chemical properties. The value of $1.5 billion suggests a significant market size, reflecting the demand for such materials in various industries within Germany during that year. This statistic serves as an indicator of the economic importance and growth potential of the high performance plastics sector in the country, highlighting its contribution to the overall industrial and manufacturing landscape.
High performance fluoropolymers are anticipated to register a CAGR of 5.2% from 2021 – 2028.
This statistic indicates that the market for high performance fluoropolymers is expected to experience a Compound Annual Growth Rate (CAGR) of 5.2% over the period from 2021 to 2028. A CAGR of 5.2% implies a steady annual growth in market size for high performance fluoropolymers during this time frame. This growth rate suggests increasing demand for these specialized fluoropolymer products, likely driven by factors such as technological advancements, expanding applications in various industries, and growing awareness of their superior properties. The forecasted CAGR provides valuable insight for industry stakeholders, investors, and decision-makers to anticipate the future growth trajectory of the high performance fluoropolymer market and make strategic business decisions accordingly.
Europe is estimated to hold a share of 20% in the high performance plastics market in 2021.
This statistic suggests that in 2021, Europe is projected to account for around 20% of the market for high performance plastics. This indicates a significant market presence for high performance plastics in Europe, with one-fifth of the global market being attributed to the region. High performance plastics are specialized materials known for their superior mechanical, thermal, and chemical properties, which make them suitable for demanding applications. The fact that Europe’s share is estimated at 20% highlights the region’s importance in the high performance plastics industry and signifies potential opportunities and competitiveness within this market segment for European companies.
The fluoropolymer segment of high performance plastics market is projected to grow at a CAGR of over 5% during 2021-2026.
The statistic indicates that the fluoropolymer segment within the high performance plastics market is expected to experience strong growth over the period from 2021 to 2026, with a Compound Annual Growth Rate (CAGR) of over 5%. This suggests a steady increase in demand and market size for fluoropolymers, which are known for their exceptional heat resistance, chemical inertness, and electrical insulation properties. Factors such as technological advancements in manufacturing processes, growing applications in industries like automotive, electronics, and healthcare, and increasing focus on sustainability and environmental regulations may be contributing to this projected growth trend. The CAGR figure reflects the annual rate at which the fluoropolymer segment is expected to expand over the specified timeframe, highlighting its potential importance and market presence in the high performance plastics industry.
Japan accounted for 70% of the global high performance plastics in electronics market size in 2019.
This statistic implies that in 2019, Japan dominated the global high performance plastics market within the electronics industry, comprising 70% of the total market size. This suggests that Japan’s high performance plastics industry in electronics was significantly larger and more influential compared to other countries during that year. The high percentage indicates Japan’s strong presence and competitiveness in producing these specialized plastics used in electronics manufacturing. This could be attributed to Japan’s advanced technology, strong research and development capabilities, and established expertise in producing high-quality high performance plastics for electronic devices.
Global’s liquid crystal polymers market, a subset of high performance plastics market, is projected to reach $1.9 billion by 2026.
The statistic indicates that the global market for liquid crystal polymers, which is a type of high-performance plastic, is expected to experience significant growth and reach a value of $1.9 billion by the year 2026. This projection reflects a positive trend in the demand for liquid crystal polymers, indicating an increasing preference for these advanced materials in various industries such as automotive, electronics, aerospace, and healthcare. The growth in the market can be attributed to factors such as the exceptional thermal and mechanical properties of liquid crystal polymers, which make them ideal for applications requiring high strength, stiffness, and temperature resistance. The projected market value signifies expanding opportunities for manufacturers, investors, and other stakeholders operating within the liquid crystal polymers industry.
High-performance plastics in medical applications are projected to grow around 15% by 2025.
The statistic indicates that the usage of high-performance plastics in medical applications is expected to experience a substantial growth rate of approximately 15% by the year 2025. This projection suggests a significant increase in the demand and adoption of advanced plastics in various medical devices and equipment, pointing towards a trend of greater reliance on these materials in the healthcare industry. The growth forecast may be driven by factors such as advancements in material technology, the need for innovative medical solutions, and the overall trend towards more efficient and reliable healthcare products. This statistic highlights a promising outlook for the high-performance plastics sector within the medical field, signaling opportunities for innovation and market expansion in the coming years.
The high performance plastics market in India is projected to witness a CAGR of over 10% in the coming years.
The statistics mentioned implies that the high performance plastics market in India is expected to experience significant growth over the next few years, with a Compound Annual Growth Rate (CAGR) exceeding 10%. This indicates a positive trend of increasing demand for high performance plastics in various industries such as automotive, electronics, and packaging. The projected growth suggests a favorable market environment in India for high performance plastics, potentially driven by factors such as technological advancements, rising investments in infrastructure, and changing consumer preferences towards lightweight and durable materials. Businesses operating in the high performance plastics industry can anticipate expanding opportunities and potential for market expansion in India.
The Middle East & Africa accounted for 1.7% of the global high-performance plastics market share in 2019.
This statistic indicates that the Middle East & Africa region held a relatively small portion of the global high-performance plastics market share in 2019, standing at 1.7%. High-performance plastics are advanced materials that offer superior mechanical, thermal, and chemical properties, making them ideal for use in demanding applications across various industries. The low market share in this region suggests that there may be opportunities for growth and expansion in this market segment in the Middle East & Africa region. Factors such as industrial development, technological advancements, and increasing demand for high-performance materials could potentially drive growth in this market share in the future.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.statista.com
2. – https://www.www.fortunebusinessinsights.com
3. – https://www.www.techsciresearch.com
4. – https://www.www.marketresearchfuture.com
5. – https://www.www.marketsandmarkets.com
6. – https://www.www.mordorintelligence.com
7. – https://www.www.industryresearch.co
8. – https://www.www.transparencymarketresearch.com
9. – https://www.www.polymersolutions.com
10. – https://www.www.prnewswire.com
11. – https://www.www.globenewswire.com
12. – https://www.www.alliedmarketresearch.com
