Heat Resistant Polymer Market size will experience a dynamic growth between 2023 and 2032 supported by increased investments in the aerospace, electronics, and automotive manufacturing sectors toward meeting stern VOC emissions standards. These sectors are seeking to utilize temperature-resistant and lightweight plastic in their products.
Heat resistant polymer is used in the manufacturing of high-temperature fuel cells in the chemical industries. Increased R&D spending and technology advancements in the automotive and aerospace industries to produce fuel-efficient cars will drive industry growth. However, fluctuating raw material prices, combined with rising product costs, may impede industry growth.
The market from the fluoropolymers segment is expected to record substantial growth in the electrical and electronics sector by 2032. Fluoropolymers are widely used due to their variable properties such as dimensional stability and high chemical resistance. Their insulating properties have driven application in jumper wires, computer wires, lead wires, and thermocouple wires. Such factors will increase product demand, favoring heat-resistant polymers market growth.
The market size from the polyphenylene sulphide segment is also expected to witness significant growth in the next few years due to its superior qualities, including temperature resistance, chemical resistance, good electrical properties, flame retardancy, and high dimensional stability. These features make its application vital in automotive applications, promoting industrial expansion.
Heat resistant polymer market from the electrical and electronics application may experience considerable growth due to widespread product use in connections, circuit boards, and motor brush cards. Businesses in the electric and electronics sector are focusing on industrial automation, smart electronics, and autonomous vehicles.
Asia Pacific heat-resistant polymer market, led by South Korea, India, China, and Japan, is predicted to grow due to the growing electrical and electronics sector. Temperature-resistant plastics are used in mechanical engineering and electrical sectors, such as flexible cables, and as an insulating layer for medical tubing.
Europe heat-resistant polymer market, led by the UK, France, and Italy, is also expected to witness considerable expansion throughout the projected period due to increased expenditure in the defense and aerospace sectors. Several aircraft manufacturers, including Boeing and Airbus, use temperature-resistant plastics to develop complicated and lightweight aircraft components.
Global heat resistant polymer market is inclusive of companies such as Evonik Industries, Honeywell International, PolyOne Corporation, Daikin Industries, Celanese Corporation, Solvay S.A., BASF, Du Pont, and DIC Corporation.
The Russia-Ukraine war may disrupt the supply chains of raw materials required for the production of heat-resistant polymers, which are used in various industries. It could cause an increase in the prices of raw materials and energy, resulting in higher production costs and end-product prices.