High Temperature Thermoplastics Market

New Product Launch is the Key Development Strategy Adopted by the Leading Players in the Global High Temperature Thermoplastics Market.

New product launches, mergers & acquisitions, and expansions & investments are the key strategies adopted by the industry players to achieve growth in the High Temperature Thermoplastics (HTTs) market. Increasing industrial advancements, 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 have led various end-use industries to use HTTs, thus leading to a rise in their 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 (Belgium), Evonik Industries (France), BASF (Germany), and DowDuPont (US) 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 HTTs market between 2015 and 2016.

Celanese Corporation (US) is a leading player in the global HTTs 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 a part of its growth strategy, in 2016, the company acquired SO.F.TER. Group (Italy), a global plastic compounding specialist. With this acquisition, the production of Celanese engineered materials products will increase significantly.

Solvay (Belgium) is the largest HTTs manufacturer in the US and one of the largest worldwide. As a part of its business strategy, Solvay S.A. focuses on new product development and research. The company focuses on the manufacture of high quality products by employing the latest state of the art technology and improving the efficiency of its operations. In 2015, it introduced a new series of pre-colored Radel PPSU resins for use in interior aircraft interior applications. These new high temperature thermoplastic resins have low flammability and heat release and low smoke generation properties. Solvay is expanding globally with its new product development strategy in HTTs market.

Key companies, such as BASF (Germany), Celanese Corporation (US), Solvay (Belgium), Arkema (France), Evonik Industries (Germany), DowDuPont (US), SABIC (Saudi Arabia), Victrex (UK), Royal DSM (Netherlands), and Toray (Japan), are the most active players in the global HTTs market.

Related Reports:

High Temperature Thermoplastics Market by End-use Industry (Transportation, Electrical & Electronics, Industrial, Medical), Resin Type (High Temperature FPs, HPPA, PPS, SP, LCP, AKP, PI), Temperature Range, and Region - Global Forecast to 2022

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
CH 5709
Published ON
Nov, 2017
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the High Temperature Thermoplastics Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved