Polyphthalamide (PPA) Segment In High Performance Polymers for Powertrains & Engines Captures A Major Chunk : Fact.MR
Polyphthalamide (PPA) Segment In High Performance Polymers for Powertrains & Engines Captures A Major Chunk : Fact.MR
Published by FACT MR
Posted on September 24, 2021
Electroactive polymers are high performance polymers that can change their shape or size when stimulated by an electric field. Advancements in the field of technology coupled with the increasing significance of piezoelectric and ferromagnetic materials have led to the growth of the electroactive polymers market. Additionally, a surge in the production of electronics in regions like the Asia Pacific is also driving the global electroactive polymers market. Moreover, industries in which electroactive polymers find their prominent use are biomedical and automotive industries.
Additionally, advancements in the field of nanotechnology coupled with investment in the biomedical research & development sector are propelling the required growth for electroactive polymers demand.
As per a new report published by Fact.MR, the high performance polymers market is anticipated to expand at a CAGR of close to 8% over the next ten years.
Polyphthalamide (PPA) segment in high performance polymers captures a major chunk.
Among the end uses, the automotive sector has been the fastest-growing segment, owing to the rise of the automotive industry over the past decade.
The Asia Pacific is set to dominate market revenue in 2021 and is set to dominate till 2031.
The market in the U.S. is expected to rise with a higher single-digit CAGR through 2031.
Due to the COVID-19 crisis, demand for high performance polymers was hit in 2020, which saw a decline but with the automotive industry back on track, high performance polymer demand is expected to bounce back.
Market players have been spending on research & development to come up with newer polymers that are enhanced and relatively lightweight. These enhancements will drive the growth of the high performance polymers sales in the medium- to the long-term forecast period.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global high performance polymers market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market based on product (polyphenylene sulfide (PPS), polyphthalamide (PPA), polyamide (PA) PA46 & PA4T, liquid crystal polymers (LCPs), polyether ether ketone (PEEK), and polyaryletherketone (PAEK), polyvinylidene fluoride (PVDF)) and application (powertrains & engines, electrical components, interior & exterior furnishings, under-the-hood components, and structural components), across six major regions of the world (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
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Reach out to us with your goals, and we’ll be an able research partner.
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Dubai, United Arab Emirates E: sales@factmr.com Website: https://www.factmr.com
Electroactive polymers are high performance polymers that can change their shape or size when stimulated by an electric field. Advancements in the field of technology coupled with the increasing significance of piezoelectric and ferromagnetic materials have led to the growth of the electroactive polymers market. Additionally, a surge in the production of electronics in regions like the Asia Pacific is also driving the global electroactive polymers market. Moreover, industries in which electroactive polymers find their prominent use are biomedical and automotive industries.
Additionally, advancements in the field of nanotechnology coupled with investment in the biomedical research & development sector are propelling the required growth for electroactive polymers demand.
As per a new report published by Fact.MR, the high performance polymers market is anticipated to expand at a CAGR of close to 8% over the next ten years.
Polyphthalamide (PPA) segment in high performance polymers captures a major chunk.
Among the end uses, the automotive sector has been the fastest-growing segment, owing to the rise of the automotive industry over the past decade.
The Asia Pacific is set to dominate market revenue in 2021 and is set to dominate till 2031.
The market in the U.S. is expected to rise with a higher single-digit CAGR through 2031.
Due to the COVID-19 crisis, demand for high performance polymers was hit in 2020, which saw a decline but with the automotive industry back on track, high performance polymer demand is expected to bounce back.
Market players have been spending on research & development to come up with newer polymers that are enhanced and relatively lightweight. These enhancements will drive the growth of the high performance polymers sales in the medium- to the long-term forecast period.
More Valuable Insights
Fact.MR, in its new offering, presents an unbiased analysis of the global high performance polymers market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market based on product (polyphenylene sulfide (PPS), polyphthalamide (PPA), polyamide (PA) PA46 & PA4T, liquid crystal polymers (LCPs), polyether ether ketone (PEEK), and polyaryletherketone (PAEK), polyvinylidene fluoride (PVDF)) and application (powertrains & engines, electrical components, interior & exterior furnishings, under-the-hood components, and structural components), across six major regions of the world (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583
Corporate Headquarter: Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates E: sales@factmr.com Website: https://www.factmr.com