The high performance plastics market in transportation industry is estimated to grow in Europe and North America. The end-user sectors covered are automotive, aviation, railway, and marine. Some of the highlights of the report by Reportlinker:
- The automotive sector is the largest consumer, by volume, of high-performance plastics in the transportation industry. As the aviation sector places high emphasis on performance, there is growing adoption of high-performance plastics to replace metals.
- High-performance plastics offer lightweighting, fuel efficiency, environmental sustainability, and design freedom to the transportation industry as original equipment manufacturers (OEMs) in the automotive and aviation sectors, in particular, seek metal replacement materials.
- Growing environmental concerns and regulatory trends to reduce carbon footprint have steered the focus of OEMs to continuously reduce fuel consumption and carbon-dioxide (CO2) emissions from vehicles.
- Railway and marine sectors are only in the early stages of adopting high-performance plastics because of competition and the high material cost of these plastics. Commodity thermoplastics, thermosets, and metal matrix composites (MMCs) are the lower-cost alternatives to high-performance plastics in the transportation industry.
- The market for high-performance plastics is highly consolidated, with a very small number of participants controlling large market shares—resulting in high supplier power. Market entry barriers are high due to the need for technical know-how and large initial investment.
10-Jun-15 
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