High Performance Polyester Market Research Report- Forecast to 2030

High Performance Polyester Market information- by Application (Strap, Tape, Insulation, Gelcoat, Films and Others), by End Use Industry (Packaging, Building & Construction, Electrical & Electronics, Automotive and Others) and by Region- Forecast till 2030

ID: MRFR/CnM/2741-HCR | February 2023 | Region: Global | 136 Pages         

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High Performance Polyester Market

High Performance Polyester Market is projected to be worth USD 60,900.5 million by 2030, registering a CAGR of 7.5% during the forecast period (2022 - 2030)

Segmentation
Application Strap Tape Insulation Gelcoat Films
End User Industry Packaging Building & Construction Electrical & Electronics Automotive
Key Players
Companies Profiled   Solvay S.A. (Belgium)    DuPont (U.S)    Evonik (Germany)    Satyen Polymers Pvt. Ltd (India)    The Shepherd Chemical Company (U.S)    U-PICA Company Ltd. (Japan)    Eastman Chemical Company (U.S)    Ashland.(U.S)    BASF SE (Germany)
Drivers
Market Driving Forces   High Performance Polyester Strapping Material are easy to clean and safe while handling as compared to steel strapping
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High-performance polyester market overview: High Performance Polyester Market is projected to be worth USD 60,900.5 million by 2030, registering a CAGR of 7.5% during the forecast period (2022 - 2030). High-performance polyesters are the polyesters that possess higher tensile strength and durability comparatively, therefore called so. The beneficiary features such as higher corrosion resistance, shock absorption, and flexibility are making it ideal for the key end-user industries such as packaging, building and construction, and electrical industries. The increasing demand for polyester materials with higher tensile strength is growing in recent times. The high-performance polyesters are utilized for insulation properties in the electrical and electronic industries. On the other hand, the adverse effects of these polyesters are propelling the end-user industries to adopt sustainable solutions such as bio-plastics. Such factors are expected to hinder the overall growth of the high-performance polyester industry. The high-performance polyester threads are utilized for high-end fabrics and therefore utilized for banners, clothing, and leatherwork. The beneficiary properties such as resistance to harsh climatic conditions, and exposure to harsh chemicals such as bleaching and acids are propelling the industries like marine, and industries manufacturing the pool covers, flags and banners, and so on. Key products such as gel coats, insulation, films, and other construction materials are gaining momentum in recent years and thereby propelling the overall growth of the high-performance polyester industry.High Performance Polyester Market Share by End Use Industry (2016), (%): High Performance Polyester Market


The growing use of High Performance Polyester in insulation and packaging materials is projected to fuel market growth. Recently, the increasing consumption of polyester based strap and tape has propelled the usage of High Performance Polyester in packaging industry.


Regional Analysis:


The Global High Performance Polyester Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to the increasing demand from end use industries such as packaging, building & construction, electrical & electronics, automotive and others. The demand for High Performance Polyester is projected to surge in developing countries such as India, China, and Japan due to growing automotive industry and rise in construction activities as well. Whereas in North America and Europe, manufacturers are adopting production of recyclable products based on High Performance Polyester due to shifting consumer trend towards high usage of recyclable products. North America is expected to witness substantial growth in the usage of High Performance Polyester Market over the forecast period. The U.S is expected to dominate High Performance Polyester Market in the region followed by Mexico and Canada. Latin American countries such as Colombia, Chile, and Brazil are also projected to witness steady growth with the expansion of packaging and automotive industries in these countries. Middle East & Africa high performance polyester demand may observe notable growth due to rising construction activities.


Segmentation:


The Global High Performance Polyester Market is segmented on the basis of applications, end use industries, and regions. Based on the application, the market is segmented into strap, tape, insulation, gelcoat, films and others. On the basis of end use industries, the market is categorized into packaging, building & construction, electrical & electronics, automotive and others. On the basis of regions, this market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.


Key Players:


Some of the prominent players operating in the Global High Performance Polyester Market are Celanese Corporation (U.S), Solvay S.A. (Belgium), DuPont (U.S), Evonik (Germany), Satyen Polymers Pvt. Ltd (India), The Shepherd Chemical Company (U.S), U-PICA Company Ltd. (Japan), Eastman Chemical Company (U.S), Ashland.(U.S), BASF SE (Germany), and others. Recent Development


Jan 2020:


 


One of the leading market players, Celanese corporation, which is considered the established chemical and specialty materials firm had joined hands with Nouryon’s and had been working to establish dispersible polymer powders in Europe and Asia. This acquisition had integrated the Elotex manufacturing facilities with the vinyl acetate-ethylene emulsions. This way the technical services and the functions will be carried out in the facility located in Switzerland.


 


January 2020:


 


One of the leading market players, BASF had purchased Solvay polyamide and therefore had announced their upgraded capacity in producing superior engineered plastics and the organization had planned to expand its access across Asia, North America, and other countries where there are potential end-user industries. 


Geographical Analysis:


The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.


Intended Audience:




  • High Performance Polyester manufacturers




  • Traders and Distributors of High Performance Polyester




  • Production Process Industries




  • Potential Investors




  • Raw Material Suppliers




  • Nationalized Laboratory





Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   5.70%
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Application, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Celanese Corporation (U.S), Solvay S.A. (Belgium), DuPont (U.S), Evonik (Germany), Satyen Polymers Pvt. Ltd (India), The Shepherd Chemical Company (U.S), U-PICA Company Ltd. (Japan), Eastman Chemical Company (U.S), Ashland.(U.S), BASF SE (Germany), and others.
  Key Market Opportunities

  • High durability
  • Excellent tensile strength.
  •   Key Market Drivers   High Performance Polyester Strapping Material are easy to clean and safe while handling as compared to steel strapping


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    Frequently Asked Questions (FAQ) :

    High performance polyesters are materials with high durability and excellent tensile strength, which makes them suitable for applications such as tape, strap, insulation, films, and gelcoat.

    Packaging, electrical & electronics, building & construction, and automotive are the major end-use industries of high performance polyesters.

    Increasing demand for lightweight parts in the automotive sector, Rapid growth in the major end-user industries, Rising disposable income.

    Asia Pacific holds the largest share in the global high performance polyester market, followed by North America and Europe, respectively.

    Solvay S.A. (Belgium), Celanese Corporation (US), DuPont (US), Satyen Polymers Pvt. Ltd (India), Evonik (Germany), The Shepherd Chemical Company (US), Eastman Chemical Company (US), U-PICA Company Ltd. (Japan), Ashland (US), and BASF SE (Germany), are some of the major players operating in the high performance polyester market.