As cited by the business intelligence 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 expand substantially during 2019-2026, reaching a valuation of USD 65.6 billion by the end of the analysis timeframe.
 

Lucrative growth of high-performance thermoplastics market can largely be attributed to escalating product demand from electrical and consumer electronics sector as well as other industrial applications. Rising adoption in exteriors and interiors of aerospace and automotive structures, in consort with growing middle-class population and increasing disposable incomes leading to surging sales of consumer electronics and vehicles are further propelling industry expansion.
 

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For those unaware, high-performance thermoplastics, abbreviated as HPTP, are advanced polymeric components which are utilized in several industry-specific applications.
 

These components exhibit numerous beneficial properties such as high chemical as well as temperature resistance, lightweight, and superior mechanical properties under harsh conditions, which in turn are stimulating overall product demand.
 

Based on product terrain, high-performance thermoplastics market is split into polyethersulfone, aromatic polyketones, liquid crystal polymers, sulfone polymers, polyphenylsufone, and polyamides.
 

Proceeding further, the application spectrum of the industry is categorized into industrial, automotive, aircraft, and electrical & electronics among others.
 

From a regional frame of reference, Asia-Pacific high-performance thermoplastics market generated massive revenues in the past year and is touted to amass significant gains by the year 2026. Rapid infrastructural development across the region, along with flourishing electrical & electronics vertical in Japan are contributing to the regional industry remuneration.
 

Organizations which boast of a strong presence in high-performance thermoplastics industry sphere are NexGen Fluoropolymers Pvt. Ltd., Gujarat Fluorochemicals Ltd., AGC Inc. (previously Asahi Glass Co. Ltd.), Fluorotherm Polymers Inc., Afton Plastics Inc., Arkema SA, Fluoro-Plastics Inc., Solvay SA, DuPont de Nemours Inc., and 3M Co.