Global and regional markets for high temperature plastics (HTPs) will have combined annual growth rates (CAGR) of 7 to 9% to 2010, when consumption worldwide will be valued at USD 8.8 bn. The US is currently the largest market, worth USD 3.3 bn in 2007, followed by Japan and Europe. The three territories account for over 90% of world consumption.

These are the key findings from a new report by Global Industry Analysts (San Jose, California / USA; www.strategyr.com) that says the robust electronics sector, which accounts for over one-third of demand, is propelling growth in the market. Fluoropolymers represent the largest market segment, estimated at over USD 3 bn in 2007. Polyimides are in second position, with sales by 2010 of USD 2.1 bn, but polysulphones are growing most rapidly, at an estimated CAGR of 8% through to 2010.

The analysts say that industry consolidation, pricing pressures and technology developments have had significant impact on the HTP market. They highlight developments in the automotive sector where HTPs are starting to be used in high performance applications such as Formula One cars and for plastic gears, as well as bearings, pistons and pumps.