HTTs are thermally stable plastics, which can withstand temperatures above 302˚F. HTTs gain their temperature resistance from the introduction of rigid aromatic rings instead of aliphatic groups in their molecular structure. In HTTs, curing process is completely reversible as no chemical bonding takes place. This allows HTTs to be remolded and recycled, which is not possible in case of thermosets and metals. These plastics have superior mechanical properties such as high chemical resistance and heat stability in comparison to commodity plastics and engineering plastics and are used in applications with extreme temperature requirements such as under the hood applications in automobiles and propulsion systems of aircrafts.

The global market for High Temperature Thermoplastics (HTTs) is valued at USD 14.38 Billion in 2017. The market has witnessed significant growth in the recent years, and this growth is projected to persist in the coming years. HTTs, due to their characteristic properties such as high thermal stability, greater chemical resistance, high dielectric strength, low shrinkage, and greater design flexibility, are used in a wide range of end-use industries such as transportation, medical, electrical & electronics, industrial, and others. Different types of HTTs are also included in the report. The main types are fluoropolymers, high performance polyamides, polyphenylene sulfide, sulfone polymers, liquid crystal polymers, aromatic ketone polymers, and poly-imide. The fluoropolymers segment accounted for the largest market share in 2016 due to their suitability in several application areas. The sulfone polymers segment is expected to be the fastest-growing type segment due to their increasing acceptance in various end-use industries such as electrical & electronics and industrial. High temperature thermoplastics are used in various end-use industries such as transportation, medical, electrical & electronics, industrial, and others. These are the main end-use industries considered in the report. In 2016, the transportation end-use industry accounted for the largest market share, in terms of volume, followed by electrical & electronics, industrial, medical and others. The medical end-use industry segment is estimated to register the highest CAGR between 2017 and 2022 among all the end-use industries considered. North America, Europe, Asia Pacific, Middle East & Africa, and South America are the main regions considered in the report. Asia Pacific is dominant in the HTTs market. The rising demand for HTTs in this region is mainly driven by their increased use in transportation, electrical & electronics, and medical industries. North America is the second-largest consumer and manufacturer of HTTs, globally. The market in this region is mainly driven by the growing opportunities from electrical & electronics and medical industries. Transportation and electrical & electronics are the top 2 end-use industries contributing to the growing demand for HTTs globally. The Middle East & Africa is the second fastest-growing region after Asia Pacific due to the growing electrical & electronics industry in the region. Though the HTTs market is growing at a significant rate, few factors, such as the high price of raw materials, shift of end-use markets from the developed countries to developing countries, and rising cost of production may hinder the growth of the market, globally.

High Temperature Thermoplastics Market vendors are placed into 4 categories based on their performance and reviews in each criterion: “visionary leaders,” “innovators,” “dynamic differentiators,” and “emerging companies".

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and the adoption of growth strategies. These players have a broad product offering that caters to most of the regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and their well-established brand equity.

Dynamic Differentiators are established players with very strong business strategies. However, they have a weaker product portfolio compared to the visionary leaders. They generally focus only on a specific type of technology related to the product.

Innovators in the competitive leadership mapping are vendors that have demonstrated substantial product innovations as compared to their competitors. The companies have focused on product portfolios. However, they do not have very strong growth strategies for their overall business, when compared with the visionary leaders.

Emerging companies have niche product and service offerings. Their business strategies are not as strong as that of the established vendors. The emerging vendors include the new entrants in the market, emerging in terms of product portfolio and geographic reach, and require time to gain significant traction in the market.