Jun 26, 2017
High Growth Forecast for High Performance Plastics
From Plastics Technology:
High performance plastics are expected to grow at a pretty heftly annual rate. Dublin-based Market & Research (US location in NY) released a global forecast projected out to 2026. They think the market will reach $35.7 billion, with a CAGR of 9.3% from 2016 to 2026. This growth is expected due to the increased demand for manufacturing interior and exterior components for the automotive and aerospace industries. High performance plastics have superior mechanical properties, chemical resistance, and high-heat stability that cater to these specific market needs. The study identifies polyetheretherketone (PEEK), a material that Parkway utilizes in our High Performance Polymers Molding facility, as one of the top two fastest growing segments when considering volume and value in the high performance plastics market.
Posted by: editor
Read the entire article here