New product launches, mergers & acquisition, and expansions & investments are the key strategies adopted by the industry players to achieve growth in the high performance plastics market from 2016 to 2026. Increasing technological advancements and demand for efficient plastic materials with excellent physical properties such as high thermal stability, greater chemical resistance, greater design flexibility and high dielectric strength led various end-use industries to focus on high performance plastics, thus leading to a rise in its demand. These aspects have encouraged companies to adopt strategies such as new product launches, expansions, mergers & acquisitions, and agreements. Some of the key players, such as Solvay S.A. (Belgium), Evonik Industries AG (France), BASF SE (Germany) and E. I. Du Pont de Nemours and Company (U.S.) have adopted these strategies to develop their businesses, globally. These strategies also accounted for a significant share of the overall growth strategies adopted by the players in the high performance plastics market from 2014 to 2016
Celanese Corporation (U.S) is a leading player in the global high performance plastics market. The company, as a major plastics manufacturer, aims to expand its market share and become one of the most innovative companies in the world. As part of its growth strategy, in 2016, the company acquired SO.F.TER group (Italy) a global plastic compounding specialties. With this acquisition, the production of Celanese engineered materials products will increase significantly.
Solvay S.A. (Belgium) is the largest high performance plastics manufacturer in the U.S. and one of the largest producers worldwide. As a part of its business strategy, Solvay S.A. focuses on new product development and research. The company focuses on manufacturing high quality products by employing the latest state of the art technology, and improving the efficiency of its operations. In 2014, it introduced Kalix high performance polyamides bio-based series which can deliver better strength, stiffness and chemical resistance. Solvay S.A. is expanding globally with its new product development strategy in high performance plastics market.
Companies, such as SABIC (Saudi Arabia), Daikin Industries, Ltd. (Japan), Celanese Corporation (U.S.), BASF SE (Germany), Arkema SA (France), Evonik Industries AG (Germany), Solvay S.A. (Belgium) , E. I. Du Pont de Nemours and Company (U.S.), Victrex Plc (U.K.), and Chevron Corporation (U.S.) are also operating in the global high performance plastics market.
High Performance Plastics Market by Type (Fluoropolymers, High Performance Polyamide, PPS, SP, LCP, AKP, and PI), End-Use Industry (Transportation, Electrical and Electronics, Medical, Industrial), and Region - Global Forecast to 2026
Markets and Markets
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