According to the research report titled ‘High Performance Thermoplastics Market Share, Size, Trends & Industry Report By Product Type, By Application, By Regions, & Segment Forecast, 2019 – 2026’, available with Market Study Report, global high performance thermoplastics market is expected to reach a valuation of USD 65.6 billion by the year 2026.
 

Growing demand for thermoplastics from China and India, rising adoption of electronic products, growing population, surging disposable income are some of the key factors driving the growth of global high performance thermoplastics market. Rising middle class population and rapid urbanization have impelled the demand for automotive and electrical products, which in turn is adding traction to the growth of the overall market.
 

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For those uninitiated, high performance thermoplastics are polymeric solutions that comply by industry standards and are widely adopted in exterior as well as interior automotive and aerospace structures. The product possesses exceptional properties including high mechanical properties, improved chemical and temperature resistance. In addition to this, low cost nature of the product and technological advancements are facilitating the expansion of global high performance thermoplastics industry.
 

High performance thermoplastics also resist high temperatures and are relatively lightweight. Thus, rising adoption of the product in aircrafts in order to improve fuel efficiency are promoting the business scenario. Although these materials are available at relatively high costs, they offer exceptional thermal stability, which in turn is positively influencing global high performance thermoplastics market dynamics.
 

From the regional point of view, Asia-Pacific currently holds majority shares in worldwide high performance thermoplastics and is expected to register consistent growth throughout the forecast period, with Japan being a major revenue generator. Rapid expansion of electrical and electronics industry along with increasing production of thermoplastics are favoring the overall market outlook in Asia-Pacific.
 

Meanwhile, America and Europe are also predicted to emerge as lucrative growth opportunities for global high performance thermoplastics industry sphere in the forthcoming years, primarily due to flourishing aircraft and automotive sectors.
 

NexGen Fluoropolymers Pvt. Ltd., Gujarat Fluorochemicals Limited, AGC Inc. (Asahi Glass Co. Ltd.), Fluorotherm Polymers Inc., Afton Plastics Inc., Arkema S.A., Fluoro-Plastics Inc., Solvay S.A., DuPont de Nemours, Inc., and 3M Co. are the leading contenders in global high performance thermoplastics market.