Pune, India -- (SBWIRE) -- 10/09/2018 -- Regional Analysis:

The Global High Performance Polyester Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. The Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to the increasing demand from end use industries such as packaging, building & construction, electrical & electronics, automotive and others. The demand for High Performance Polyester is projected to surge in developing countries such as India, China, and Japan due to growing automotive industry and rise in construction activities as well. Whereas in North America and Europe, manufacturers are adopting production of recyclable products based on High Performance Polyester due to shifting consumer trend towards high usage of recyclable products. North America is expected to witness substantial growth in the usage of High Performance Polyester Market over the forecast period. The U.S is expected to dominate High Performance Polyester Market in the region followed by Mexico and Canada. Latin American countries such as Colombia, Chile, and Brazil are also projected to witness steady growth with the expansion of packaging and automotive industries in these countries. Middle East & Africa high performance polyester demand may observe notable growth due to rising construction activities.

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Segmentation:

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

Geographical Analysis:

The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Intended Audience:

High Performance Polyester manufacturers
Traders and Distributors of High Performance Polyester
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory

Industry/ Innovation/ Related News:

December 2017- BASF SE and Sinopec have signed a 50-50 joint venture to expand polyester intermediates (Neopentylglycol) production in Verbund site. The expansion is aimed to double the production capacity of Neopentylglycol (NPG) to 80,000 tonnes per annum by 2020 and be in line with the trend towards environmentally friendly products. NPG is a building block in polyester resins for coatings, unsaturated polyester and alkyd resins, lubricants and plasticizers. It is a polyalcohol offering high performance in many end-use applications such as powder coatings, textiles and construction due to its high chemical and thermal stability.

October 2012 - Solvay Specialty Polymers USA, LLC, has expanded the High Performance Polyester line by launching a new high-performance polyester compound under the Lavanta® tradename that delivers higher heat resistance, greater light stability and longer life than competitive materials for light-emitting diode (LED) televisions. Lavanta® is a 15% glass fiber-reinforced injection molding compound that utilize surface mount technology, which shows high reflectivity (greater than 95%) with excellent whiteness retention even after thermal and light aging. This gives it excellent reliability for LEDs that operate at high junction temperatures.

August 2013 - The Teijin Group announced that its high-performance polyester under the tradename NANOFRONT have been selected for use in high-quality comforters and pillows for First and Business Classes in All Nippon Airways (ANA). Teijin's NANOFRONT high-strength polyester nanofiber measures just 700 nm in thickness and shows excellent heat-insulating and heat-retaining properties.

May 2017- Jindal Films Americas (JFA) has announced to expand its high-performance films business by including the polyester films segment for flexible packaging and labeling. The new polyester unit will be located at the Americas headquarters in LaGrange, GA and is expected to start operation from early 2019. The polyester unit is projected to have capacity of 65,000 MT of film and the project is estimated to have investment of $120 million USD. The unit would be composed of two lines consisting both thin specialty and thick specialty films. Jindal Films Europe is also considering a similar expansion in its region. The Europe polyester film project is expected to be completed by first quarter of 2018, doubling the current capacity of the Americas division of Jindal Films.

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