MALVERN, Pa.--(BUSINESS WIRE)--Like any sector of the global economy affected by the 2008 financial meltdown, the suppliers of high-performance resins noticed the impact as global economic activity slowed down. Some of the companies like Victrex plc, the supplier of one of the strongest polymer PEEK, had its capacity utilization drop to just 34% from 62%. Other companies had to cut back on their production as well despite steady growth in emerging economies like China and India.
High Performance Polymers 2014 is an exhaustive market report from Principia that reveals key global market data organized for strategic marketing and business planning. The report analyzes the best growth opportunities through 2018, strategies for value creation and competitive advantage, and changes in the supply structure serving the high performance polymers market on a global basis.
The report concludes that despite the painfully slow rate of recovery, particularly in North America and Europe, suppliers have seen steady improvement in demand and by 2013 almost all participants were back to their typical operating levels. The analysis shows that in 2013, over 500 thousand metric tons of high performance polymers were consumed on a global basis valued at approximately $7 billion. Based on extensive discussions across the high performance polymers value chain, Principia is projecting a growth rate of 7% to 2018, which would make this business approach the $10 billion level in 2018.
Ken Jacobson, Partner at Principia, points out, “Recovery in demand on a global basis in core sectors like automotive, electrical/electronics, and consumer; demand for these materials in rapidly growing oil and gas sector where the operating pressures and temperatures are rising, and new applications being developed in the medical sector are driving growth at this time. We have also learned in our research that the key to success in this sector is innovation in collaboration with OEMs. In addition, being able to serve customers on a global basis, particularly in China, is key.”
This comprehensive report covers the complete range of resins including fluoropolymers, high performance nylons (including amorphous polyamides), liquid crystal polymers (LCPs), polyaryletherketones (PAEK), polyimides, polyphenylene sulfide (PPS), and polysulfones. The research covered all the major end-use markets, such as, automotive, electrical/ electronics, smart devices, consumer electronics, industrial, aerospace/ defense, packaging, and medical. In addition to providing data on consumption of polymers in each segment, the report provides in-depth analysis covering such topics as growth drivers, trends, inter-material competition, and what is needed for suppliers to succeed.
Key industry topics addressed in the report include:
- Which HPP product families are best at meeting end user needs, and why?
- What are the obstacles to increased replacement of incumbent materials?
- What are the application trends to watch and capitalize on?
- How is the competitive landscape likely to change, and its impact on the industry?
- Where is the growth and what drives it?
The report also profiles all the major participants in the high performance polymers business and provides details on their capacities and estimated sales. This is a must-have report for strategic planning. Subscribers also receive Principia’s newly enhanced interactive Market Model and Forecast Tool, a web-based solution that allows them to construct “what-if” scenarios to forecast future demand and growth. This powerful business-planning tool helps users create effective go-to-market strategies based on their own assumptions of metrics such as OEM production builds, volume per application, import/export data, market trends and other related metrics using the data compiled in the report.
Principia serves the global plastics industry through research products and strategy consulting services aimed at profitable growth, helping clients grow market share and revenues and improve margins. Principia is headquartered in suburban Philadelphia, with offices and affiliates worldwide. For more information about the report, please contact Ken Jacobson or visit http://www.principiareports.com/offer/offer-hpp2014.php. Visit www.PrincipiaConsulting.com to learn more about Principia’s strategy consulting services.