Heat Resistant Polymers Market to See Growth at 6.7% CAGR to 2021, Forecasts M&M in Its Insightful Research Report Available at MarketPublishers.com14 Jun 2017 • by Natalie Aster
LONDON – Over 2017-2021, the world’s market for heat resistant polymers is predicted to increase at a healthy 6.7% CAGR. Steady market growth is attributed to the constantly escalating demand for heat resistant polymers from the major end-use industries including transportation, electronics & electrical, automobile, etc. However, there are also certain barriers to the further heat resistant polymers market growth, and the major one is high processing cost.
On the basis of types, the fluoropolymers sector captured the major share of the overall heat resistant polymers in the previous year. This sector is anticipated to enjoy the highest CAGR through 2021, propelled majorly by the rising demand from the Chines and Indian automobile industries.
The transportation industry is predicted to continue holding the top position amid the end-use industries for heat resistant polymers during 2017-2021.
At present, APAC takes lead in the worldwide heat resistant polymers market due to strong demand in the region. Furthermore, this regional market is set to exhibit the highest growth rates through 2021.
Insightful research report “Heat Resistant Polymers Market by Type, End-Use Industry, and Region - Global Forecast to 2021” prepared by MarketsandMarkets (M&M) presents valuable qualitative and quantitative info on the historical, present and forecast performance of the heat resistant polymers at different geographical scales. It discloses important data on the market size, dynamics, shares, segmentation, major growth influencing factors, competitive landscape and regulative framework. Besides, this report highlights the prevailing development trends and identifies lucrative growth opportunities, profiles the top players and gives useful strategic recommendations for both established and new market participants. A five-year future outlook for the heat resistant polymers market is at hand, too.
Many other in-demand studies by M&M are available in the publisher’s catalogue.