Global Engineering Plastics Market Insights: Business Opportunities, Current Trends and Restraints Forecast 2025
Global Engineering Plastics Market Research Report: latest trends, potential growth, new technology, news, investment opportunities and forecasts by 2025
According to a new report published by Reports Monitor titled, “Global Engineering Plastics, Growth Opportunities, Innovations and Forecast, 2018-2025,” the engineering plastics market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Engineering plastics could be a section of the plastic trade, they are principally utilized in applications that need high performance with regard to thermal stability, impact resistance,dimensional stability,chemical stability and mechanical strength.
Major factors that drive the plastic market growth square measure in trend of reducing vehicle weight and improvement in fuel efficiency to not mention metal replacement among the development and electrical industries. Additionally, the interest for planning plastics showcase is supplemented by development in end-client ventures, as building plastics are primarily used through infusion shaping into needed finished result.
This report provides a detailed analysis of engineering plastics, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources supported with either bottom up or top down approach.
The global engineering plastic market is majorly segmented on the basis of types and applications. Based on type global engineering plastic market is bifurcated into Acrylonitrile Butadiene Styrene (ABS), Fluoropolymers, Polyamide (PA), Polycarbonate (PC), Polyacetals (POM) and Thermoplastic polyesters (PET/PBT) ,while based on application plastic market is classified into Automotive and transportation, Electrical and electronics, Industrial and machinery, Packaging and Consumer appliances.
The global Engineering Plastics market is majorly studied across four regions: North America(U.S and Canada), Europe (Germany, France, Italy and Rest of Europe), Asia-Pacific (China,Japan, India, South Korea and Rest of Asia-Pacific), LAMEA (Brazil, Turkey, Saudi Arabia,Middle East & Africa and Rest of LAMEA), South America. Asia-pacific is most significant influencing market for engineering plastic market. On the other hand, North America, Row and Europe are other geographic plastic market segments. Further, among the following regions covered North America is anticipated to achieve major market share growing adoption in automotive sector. Availability of raw materials in substantial amount is also one of the factors in propelling the growth. Growing Construction, electrical industries in the developing economies such as China, India and Japan supports Asia Pacific to emerge as fastest growing region.
The major key players operating in the market are: BASF SE, Covestro, Solvay S. A., Celanese Corporation, E. I. du Pont de Nemours and Company, LG chem ltd., Saudi basic industries corporation, Evonik industries AG, Lanxess AG, and Mitsubishi engineering-plastics corporation.
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