Pune, India -- (SBWIRE) -- 04/12/2018 -- High Performance Polyester Market in North America is expected to witness substantial growth on account of increasing demand for food and beverage industry. Increasing barrier film demand from end use industry such as electrical & electronics owing to its water repellent property will further expand the industry landscape.

Asia Pacific is anticipated to witness a tremendous growth due to the rising demand from automotive industry. Growing automotive production specifically in India and China along with availability of raw materials, cheap labor and low manufacturing cost will positively impact the industry outlook. Robust industry growth of electrical & electronics coupled with increasing usage of electronics products such as television in emerging economies including China, India, Indonesia, Malaysia, Japan, and Vietnam is expected to drive demand. In addition, rapid industrialization in Latin America, specifically in Brazil and Mexico has led to surge in demand for electrical products. High performance polyester market size in Latin American countries such as Brazil, Argentina, Colombia and Mexico is expected to witness a significant growth in automotive and construction expansion, thus driving the market growth.

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Europe is expected to witness considerable growth over the forecast period. Increasing demand from packaging industry may favor the market growth. Moreover increasing concerns about the health hazard from disposal of packaging products have given rise to the need of recyclable packaging solution. This has given a boost to the high performance polyester market in recent years. In Middle East & Africa, expansion of building & construction sector is set to propel market growth. Moreover, rising spending in construction along with growing infrastructure activities particularly rail networks, and metro-transit system in Middle East & Africa is expected to positively influence the market growth. In addition, changing consumer preference towards high tensile and durable water proofing material will drive the business growth in future.

Segmentation

Global High Performance Polyester Market is segmented on the basis of applications, end use industries and regions. Based on applications, market is segmented into strap, tape, insulation, gelcoat, films and others. Based on the end use industries, the market is categorized into packaging, building & construction, electrical & electronics, automotive and others. Based on the region, this market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

Key Players

Celanese Corporation (U.S)
Solvay S.A. (Belgium)
DuPont (U.S)
Evonik (Germany)
Satyen Polymers Pvt. Ltd (India)
The Shepherd Chemical Company (U.S)
U-PICA Company.Ltd (Japan)
Eastman Chemical Company (U.S)
Ashland (U.S)
BASF SE (Germany)

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