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North America Heat Resistant Polymer Market Size, Share & Trends Analysis Report By End Use, By Product, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 127 Pages
  • December 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6033764
The North America Heat Resistant Polymer Market is expected to witness market growth of 5.5% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 307.85 Kilo Tonnes, showcasing a growth of 24.9% (2020-2023).

In the automotive and transportation sectors, heat-resistant polymers are essential for enhancing performance in high-temperature environments. These materials are used in components like engine covers, fuel systems, and under-hood applications due to their superior thermal stability, chemical resistance, and lightweight properties. As electric vehicles (EVs) and hybrid vehicles gain traction, heat-resistant polymers are increasingly adopted in battery enclosures, power electronics, and thermal management systems. Thus, the automotive and transportation segment in US market consumed a volume of 180.51 Kilo Tonnes in 2023.



The US market dominated the North America Heat Resistant Polymer Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.26 billion by 2031. The Canada market is experiencing a CAGR of 6.2% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 7.6% during 2024-2031.

This market is a cornerstone of modern material science, offering solutions to industries that demand high-performance materials that endure extreme temperatures. These polymers are uniquely engineered to maintain structural integrity, mechanical strength, and functionality under high-heat conditions, making them indispensable in the automotive, aerospace, electronics, healthcare, and construction sectors.

One of the primary drivers of this market is the increasing need for materials that can withstand high temperatures without compromising performance. For example, the increasing demand for components that are both lightweight and durable has catalyzed the incorporation of heat-resistant polymers within the automotive sector. These materials replace traditional metals in engine and transmission parts, reducing vehicle weight and improving fuel efficiency.

Canada's heat resistant polymer market is largely shaped by its focus on renewable energy and sustainable industrial practices. The Clean Energy Fund (CEF) promotes the development of energy-efficient technologies, creating a need for heat-resistant polymers in wind turbines, solar panels, and energy storage systems. Additionally, the government’s Net-Zero Emissions by 2050 plan has led to a surge in demand for durable materials that reduce environmental impact, particularly in construction and energy-efficient infrastructure. Canadian manufacturers increasingly leverage high-performance polymers for applications like thermal insulation in green building projects, showcasing the intersection of sustainability and material science. Hence, the region will present lucrative opportunities for market expansion throughout the forecast period.

List of Key Companies Profiled

  • BASF SE
  • The Dow Chemical Company
  • DuPont de Nemours, Inc.
  • Sumitomo Electric Industries, Ltd.
  • Saudi Basic Industries Corporation (SABIC)
  • Exxon Mobil Corporation
  • Arkema S.A.
  • Celanese Corporation
  • LyondellBasell Industries Holdings B.V.
  • INEOS Group Holdings S.A.

Market Report Segmentation

By End Use (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Automotive & Transportation
  • Electronics & Electrical
  • Other End Uses
By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Fluoropolymer
  • Polyphenylene Sulfide
  • Polyimides
  • Polybenzimidazole
  • Polyether Ether Ketone
  • Other Products
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Heat Resistant Polymer Market, by End Use
1.4.2 North America Heat Resistant Polymer Market, by Product
1.4.3 North America Heat Resistant Polymer Market, by Country
1.5 Methodology for the Research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Heat Resistant Polymer Market by End Use
4.1 North America Automotive & Transportation Market by Country
4.2 North America Electronics & Electrical Market by Country
4.3 North America Other End Uses Market by Country
Chapter 5. North America Heat Resistant Polymer Market by Product
5.1 North America Fluoropolymer Market by Country
5.2 North America Polyphenylene Sulfide Market by Country
5.3 North America Polyimides Market by Country
5.4 North America Polybenzimidazole Market by Country
5.5 North America Polyether Ether Ketone Market by Country
5.6 North America Other Products Market by Country
Chapter 6. North America Heat Resistant Polymer Market by Country
6.1 US Heat Resistant Polymer Market
6.1.1 US Heat Resistant Polymer Market by End Use
6.1.2 US Heat Resistant Polymer Market by Product
6.2 Canada Heat Resistant Polymer Market
6.2.1 Canada Heat Resistant Polymer Market by End Use
6.2.2 Canada Heat Resistant Polymer Market by Product
6.3 Mexico Heat Resistant Polymer Market
6.3.1 Mexico Heat Resistant Polymer Market by End Use
6.3.2 Mexico Heat Resistant Polymer Market by Product
6.4 Rest of North America Heat Resistant Polymer Market
6.4.1 Rest of North America Heat Resistant Polymer Market by End Use
6.4.2 Rest of North America Heat Resistant Polymer Market by Product
Chapter 7. Company Profiles
7.1 BASF SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 The Dow Chemical Company
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 DuPont de Nemours, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Sumitomo Electric Industries, Ltd.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 SABIC (Saudi Arabian Oil Company)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 SWOT Analysis
7.6 Exxon Mobil Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 SWOT Analysis
7.7 Arkema S.A.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 SWOT Analysis
7.8 Celanese Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 LyondellBasell Industries Holdings B.V.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. INEOS Group Holdings S.A.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis

Companies Mentioned

  • BASF SE
  • The Dow Chemical Company
  • DuPont de Nemours, Inc.
  • Sumitomo Electric Industries, Ltd.
  • Saudi Basic Industries Corporation (SABIC)
  • Exxon Mobil Corporation
  • Arkema S.A.
  • Celanese Corporation
  • LyondellBasell Industries Holdings B.V.
  • INEOS Group Holdings S.A.

Methodology

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