High Performance Plastics Market By Type (High Performance Polyamide, Fluoropolymers, AKP, SP, PPS, LCP and PI), By End-Users (Medical, Transportation, Industrial, Electrical and Others), and By Region - Trends, Analysis and Forecast till 2034

High Performance Plastics Market accounted for USD 27.1 Billion in 2024 and is estimated to be USD 70.3 Billion by 2034 and is anticipated to register a CAGR of 1.40%.

High-performance plastics are engineering plastics that meet higher requirements than standard levels and are used in various applications such as medical, transportation, industrial, electrical, electronics, and others.

Growing automotive industries have become major contributors to target market growth. Technological advancement and growing research and development activities to meet demand from the electronics industry are expected to propel the demand for high-performance plastics market growth over the forecast period.

Growing demand from automotive sector to fuel market growth

Growing automotive industries and demand for high performance plastics in automotive sector has become major factor in target market growth. Use of high performance plastics to improve fuel efficiency and to reduce weight in automobile has provided lucrative opportunities in target market growth. Growing concern low carbon emission and to develop lightweight material in automobile sector has given rise in demand for high performance plastics market growth. Polypropylene high performance plastics are widely used in automotive sector due to its excellent heat and chemical resistance properties and are frequently found in carpet fibers, car bumpers and gas canisters.

Restrains:

High commodity prices and growing commodity costs has hampered the market growth. Lack of suitable testing standards and struggle of industries to meet quality assurance has restrained the High Performance Plastics market growth.

High Performance Plastics Market is segmented based on Type, End-Users and Region.

Type Insight

On the basis of Type, High Performance Plastics Market is segmented into High Performance Polyamide, Fluoropolymers, AKP, SP, PPS, LCP and PI. Fluoropolymers is expected to dominate the target market growth due to its massive performance and wide use in transportation and medical industries.

End-Users Insights

On the basis of End-Users, High Performance Plastics Market is segmented into Medical, Transportation, Industrial, Electrical and Others. Transportation end-user segment is expected to dominate the target market growth due to growing automotive industries and rising demand for engineering plastics from automotive sector.

Regional Insights:

On region the High Performance Plastics Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific, market is estimated to witness a significantly high revenue share over the forecast period. Moreover, growing population, rapid growth in industrialization, growing automotive and electrical industries, and rising demand for engineering plastics is anticipated to increase demand for High Performance Plastics in the region.

North America market is expected to witness considerable growth rate over the forecast period due to high economic status, growing demand for high quality raw materials and government initiative which is further, anticipated to increase demand for High Performance Plastics in the region.

High Performance Plastics Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the High Performance Plastics Market report based on Type, End-Users and region:

High Performance Plastics Market, By Type:

• High Performance Polyamide
• Fluoropolymers
• AKP
• SP (Sulfone Polymers)
• PPS (Polyphenylene Sulfide)
• LCP (Liquid Crystal Polymers)
• PI (Polyimide)

High Performance Plastics Market, By End-Users:

• Medical
• Transportation
• Industrial
• Electrical
• Others

High Performance Plastics Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the High Performance Plastics Market includes, BASF SE, Evonik Industries AG, Arkema, Solvay, Dupont, DSM, Saint-Gobain Performance Plastics, SABIC, Victrex plc., DAIKIN INDUSTRIES LTD., and others.

• In April 2023, Yamaha Motor announced the launch of new high quality, eco-friendly recycled polypropylene (PP) material. New launched material offers higher level of strength with higher quality in development of automotive parts and also planned to raise the usage ratio recycled materials in motorcycles.
• In March 2023, BMPT (Beijing Beiqi Mould & Plastic Technology Co.), selected the ELIX Polymers “ABS H801” for new series of Mercedes-Benz model GLA and GLB. “ABS H801” offers various advantages to make material more suitable for manufacturing spoilers and provides heat resistance and high stiffness to material.
• In January 2023, LG Chem started to supply engineering plastics (high performance plastics) “LUCON TX5007” to Mitsubishi Motors. The material is combined with carbon nanotubes, polyamide alloy and polyphenylene ether and also provides strong mechanical properties with an excellent electrical conductivity.

• BASF SE
• Evonik Industries AG
• Arkema
• Solvay
• Dupont
• DSM
• Saint-Gobain Performance Plastics
• SABIC
• Victrex plc.
• DAIKIN INDUSTRIES LTD.