Rising demand for high-performance materials from fluid handling industry is a key factor driving revenue growth of the global market
The global high-performance materials market size is expected to reach USD 158.83 Billion in 2030 and register a steady revenue CAGR of 9.1% over the forecast period, according to latest analysis by Emergen Research. Rising demand for high-performance materials from fluid handling industry can be attributed to the various benefits and advantages of using high-performance materials in related applications and components.
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High-performance materials such as plastics for pumps and fluid handling have robust abrasion, wear, and friction resistance, and are also useful for replacing metals and in reducing weight. Plastic high-performance materials also have good chemical resistance and high-temperature performance, and can manage static and Electrostatic Discharge (ESD). These factors are driving demand for high-performance materials in the fluid handling industry and supporting revenue growth of the market.
A recent trend in the market in integration of nanotechnology with various high-performance materials. Nanomaterials are used in computer processors and hard drives, mobile phones, home appliances, automobile components, medical devices, and cosmetics. Apart from uses in building and electronics, new nanotechnology applications have paved the way for the fusion of biology and high-tech manufacturing.
Global High Performance Materials Market research report offers a panoramic view of the High Performance Materials market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the High Performance Materials market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
Key Highlights from the Report
On 1 June 2022, Covation Biomaterials, which is a global company offering bio-based solutions, launched an independent business, following the acquisition of DuPont Biomaterials by the Huafon Group. Covation Biomaterials is creating sustainable building blocks for customers to make innovative and high-performance, bio-based products accessible globally.
The films segment is expected to register a rapid revenue growth rate over the forecast period. This can be attributed to the expanding use of films in a variety of applications due to their numerous advantages. High-performance stretch films, for example, frequently outperform standard films when it comes to load containment. The films are meant to be much more puncture, cling, and tear-resistant than standard films.
The construction segment is expected to lead in terms of revenue share in the global market over the forecast period owing to increasing use of these materials in the construction industry. High-performance construction materials include concrete, steel, fiber-reinforced cement, fiber-reinforced plastics, polymeric materials, geosynthetics, masonry materials, and coatings.
One of the most widely used high-performance construction materials is high-performance concrete. There are several advantages of using High Performance Concrete (HPC) in building construction that ordinary concrete cannot provide. High-performance concrete is stronger, longer-lasting, chemically resistant, and easy to work with.
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The global High Performance Materials market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the High Performance Materials market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the High Performance Materials market.
Emergen Research has segmented the global high-performance materials market on the basis of type, application, and region:
Type Outlook (Revenue, USD Million; 2019–2030)
Application Outlook (Revenue, USD Million; 2019–2030)
Food & Beverages
The Global High Performance Materials Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Some major companies in the global market report include
BASF SE, DuPont de Nemours, Inc., Saint-Gobain S.A., Lonza Group, Covestro AG, Honeywell International Inc., Arkema S.A., Siemens AG, The Dow Chemical Company, Lanxess AG.
The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of High Performance Materials Market:
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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The latest report on the global High Performance Materials market offers strategic insights into the market landscape to stakeholders, investors, and business owners to help them make efficient and lucrative business decisions based on key statistical data and facts. The report aims to offers a thorough outlook of the High Performance Materials market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the High Performance Materials market growth and expansion in each key region of the world. It offers accurate estimations about the expected market size and growth over the projected timeline of 2020-2027.
Objectives of the Report:
Study of the global High Performance Materials market size by key regions, types, and applications with reference to historical data (2019-2020) and forecast (2022-2030)
Industrial structure analysis of the High Performance Materials market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of High Performance Materials market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global High Performance Materials market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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