The global High Performance Thermoplastics Market size was USD 34.56 Billion in 2022 and is expected to reach USD 69.09 Billion in 2032, and register a rapid revenue CAGR of 8% during the forecast period. Rising demand for high performance thermoplastics in various end-use sectors, including aerospace, automotive, electronics, and healthcare, is expansion key factor driving market revenue growth. These thermoplastics are perfect for usage in challenging operating environments because of their excellent mechanical, thermal, and chemical qualities.

High performance thermoplastics are frequently utilized for engine parts, aircraft interiors, and structural elements in the aerospace sector. In the upcoming years, more high performance thermoplastics are expected to be used due to the rising need for lightweight fuel-efficient aircraft.

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Major Companies:

• Solvay SA
• BASF SE
• DowDuPont Inc.
• Arkema SA
• Evonik Industries AG
• SABIC
• Celanese Corporation
• Victrex plc
• Toray Industries, Inc.
• Mitsui Chemicals, Inc.

Strategic Developments:

In March 2021, BASF SE expanded its production capacity for its Ultramid high performance thermoplastic polyamide in South Korea. This expansion was aimed at meeting the growing demand for high performance thermoplastics in the Asia-Pacific region.

In January 2021, Solvay SA announced the acquisition of EPIC Polymers' thermoplastic composites business. The acquisition was aimed at strengthening Solvay's position in the high-performance thermoplastics market and expanding its product offerings.

In November 2020, SABIC announced the launch of its new range of high-performance thermoplastics, called Xenoy HTX. These materials offer superior heat resistance and impact strength, making them ideal for use in automotive and electrical and electronics applications.

In October 2020, Victrex plc announced the launch of its new Victrex AM 200 filament, which is a high-performance thermoplastic material designed for use in 3D Printing applications. The material offers superior strength, heat resistance, and chemical resistance, making it ideal for use in aerospace and medical applications.

Key questions addressed in the report:

• What is the expected market size of the global High Performance Thermoplastics market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global High Performance Thermoplastics market?

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High Performance Thermoplastics Market Segmentation:

By Product Type Outlook: 

• Polyamide (PA)
• Polyphenylene Sulfide (PPS)
• Polycarbonate (PC)
• Polyetheretherketone (PEEK)
• Polyimide (PI)
• Others

By End-Use Outlook: 

• Aerospace
• Automotive
• Electrical Electronics
• Medical
• Industrial
• Others

 Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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