Stratview Research in its recent report has offered an overlook of the current High-Performance Thermoplastic Composites Market scenarios and has also estimated the High-Performance Thermoplastic Composites Market size to witness an impressive CAGR of 5.7% by 2024. The insights highlighted in the report are based on data that is carefully collected from reliable sources and is then scrutinized to have a proper analysis.
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2019 – 2024, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.

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High-performance thermoplastic (HPTPs) is the topmost triangle of thermoplastics’ pyramid and groups those thermoplastics that offer excellent temperature resistance along with exceptional mechanical performance. The definition of high-performance thermoplastics varies from companies to companies; however, all of them have pretty similar definitions with inclusion or exclusion of either one or two thermoplastics in its list. High-performance thermoplastics are either used as neat (without reinforcements) as well as filled with fibers/reinforcements, such as glass fibers, carbon fibers, and mineral fibers. Today, most of the end-use industries are generating greater demand for high-performance thermoplastics filled with fibers in order to address the varied requirements including strength.
These thermoplastic composites are extremely suitable for those applications which critically require excellent heat-resistant materials in order to sustain harsh operating environments. In comparison to standard and engineering thermoplastics, high-performance thermoplastics deliver excellent temperature stability, excellent chemical resistance, and higher mechanical properties. When reinforced with fibers/fillers, the properties of these materials get further enhanced to meet the diverse requirements of a wide array of industries.
Several factors mushrooming the growth of HPTP composites are increasing automotive production coupled with increasing composites content per vehicle, organic growth of the aircraft industry coupled with a higher focus towards the use of thermoplastic composites over thermoset ones, introduction of stringent regulations regarding fuel efficiency and carbon emissions; shift towards all-composite parts, rising demand for lightweight and corrosion-resistant parts; and increasing drive towards miniaturization.

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HPTP composites are used in a wide array of industries including automotive, electrical & electronics, industrial, aerospace & defense, medical, consumer goods, etc. The mix of different HPTP composites varies from industry to industry, which is based on the requirements of strength/performance, cost of thermoplastic composites, the ability to manufacture in desired part cycle time, etc. Presently, automotive is the biggest consumer of HPTP composites and is anticipated to maintain its leading position in the market in years to come. Increasing production of electric vehicles coupled with a greater incorporation for lightweight materials in vehicles’ crucial regimes, stringent regulations from governing bodies such as EPA and EU commission, and growing demand for materials that can sustain harsh operating environments, such as under-the-hood applications, are the key demand boosters of HPTP composites in the automotive industry.
Aerospace & defense, a relatively small market as compared to the mighty automotive, is likely to be efficacious in portraying its larger shadow in terms of dominance in the market in years to come. Several factors collectively driving the industry to create a magnetic demand for HPTP composites are increasing commercial aircraft production to support rising air passenger traffic, the development of next-generation aircraft with greater thermoplastics content, and increased focus towards thermoplastic composites over thermoset composites.
Analogously to end-use industry type, the report deeply studies the different HPTPs and their usage in different end-use industries. Polyphenylene sulfide (PPS), aromatic ketones (PAEK family), polyarylsulfone (PASU family), polyetherimide (PEI), and high-performance polyamide (HPPA) are the major HPTPs considered in the report. Polyimide (PI) and liquid crystal polymer (LCP) occupy the lion’s share in the others’ category. HPPA holds the leading position today and will remain the most dominant resin type among all HPTPs in years to come. HPPA offer various advantages such as lower cost, higher voltage, and retention of dielectric properties at elevated temperatures, which make it the preferred choice for a wide array of applications such as automotive engine coolant pumps, impellers, and valves, especially where engineering thermoplastic nylons prove to be unsuitable.
In terms of regions, Asia-Pacific is to remain an apple of the eye for the market participants as the region is likely to remain the largest demand generator of high-performance thermoplastics in the foreseen future. Furthermore, the growth in the demand for high-performance thermoplastic composites in the region would remain mesmerizing in years to come, taking the market attentiveness to the five-star level. Large population base coupled with increasing disposable income and rapid urbanization is creating a humongous demand for high-performance thermoplastics filled with fibers. China is estimated to remain the largest demand generator not only in the region but also in the world. High automobile production, an incessant manufacturing shift, especially E&E and consumer goods, from the developed economies to China, and ongoing efforts for the development of aircraft indigenously are the key factors driving the demand for these thermoplastic composites in the country.
India, Japan, and South Korea are the other sizeable demand generators in the region. All the major players are eyeing on the Indian market, mulling to consequential investment in the country to tap the future growth potential. Reforming government policies coupled with several initiatives including Make in India with an aim to boost the manufacturing sector is alluring the market players to increasingly participate in the market. Huge customer base, low-cost manufacturing, ease in availability of necessary inputs, and growing disposable income assure a colossal indigenous demand for high-performance thermoplastic composites in the country.
North America and Europe are the next two big stations of the thermoplastic composites market. These regions have been the pioneer markets for most of the industries; however, maturing GDP growth coupled with an incessant shift of manufacturing facilities towards Asia is fading the demand for thermoplastics including high-performance thermoplastic composites in these regions. The USA is the largest market for high-performance thermoplastic composites in North America, whereas Germany, France, the UK, and Russia are the major markets in Europe.

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Highlights of the Report:
HPTP composites have already earned a largely unheralded but a significant place in the family of thermoplastic composites. The market for high-performance thermoplastic composites is extrapolated to grow at a higher pace (5.7% vs 4.1% CAGR, 2019-2024) than the other thermoplastic composites (standard thermoplastic composites and engineering thermoplastic composites), catching the attention of the market players to increasingly participate in the market.
The supply chain of this market is convoluted and comprises several nodes including raw material suppliers, compounders, distributors, part fabricators, tier players, and OEMs. The key players in the high-performance thermoplastic composites market are Solvay S.A.; BASF SE; SABIC; Toray Industries, Inc.; Evonik Industries AG; Arkema S.A.; and Victrex plc. All the major high-performance thermoplastic providers or compounders have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, market positioning. However, some of the most common strategies adopted by most of them are higher focus towards development of new products addressing unmet needs, adopting more customer-centric approach rather than product-centric approach (custom-designed and application-specific products), execution of M&As to quickly gain market share, and develop vast product portfolio covering a good blend of all the three ladders of thermoplastics’ pyramid.

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The High-Performance Thermoplastic Composites Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors