Global Engineering Plastics Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global engineering plastics market in its upcoming report titled, “Global Engineering Plastics Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global engineering plastics market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global engineering plastics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global engineering plastics market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global engineering plastics market report has been segmented on the basis of type, application, and region.

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Plastic materials having an excellent combination of thermal and mechanical properties as compared to other commodity plastic materials are called as engineering plastics. These plastics materials have unique features such as high abrasion, higher impact strength, wear & fatigue resistance, high temperature resistance range, and chemical resistance based on the content. Engineering plastics are costlier and are produced for particular applications. Engineering plastics are also known as thermoplastic materials. Henceforth these materials can efficiently be processed with standard plastic processing equipment.

Engineering plastics includes polytetrafluoroethylene (PTFE), poly-oxymethylene plastic (POM), polyphenylene sulfide (PPS), Acrylonitrile-butadiene-styrene (ABS), polyamides (PA), polycarbonates (PC), polyetheretherketone (PEEK), polybutylene terephthalate (PBT), polyethylene terephthalate (PET), polysulphone (PSU), poly(p-phenylene) oxide (PPO), polyimides, and poly-ether ketone (PEK). As a result of an extensive range of properties, engineering plastics has various applications in electrical, electronics, automotive, medical, construction, packaging, transportation, and numerous other industrial sectors.

One of the major driving factors for engineering plastics industry is the growth in the automotive industry in all regions. Due to its properties with respect to metals such as high strength, weight reduction, and lightweight, these materials were rapidly replacing metal components in industrial machinery as well as automotive industry. Growing demand in electronics & electrical appliances market the demand for engineering plastics has raised. However, higher cost of engineering plastics material may restrict the engineering plastics market. Use of engineering plastics in the aerospace industry for building spaceship could be the future trends for these market.

The Asia Pacific is the dominating market for engineering plastics. The growth of market in the Asia Pacific is driven by huge demand for engineering plastics products in various industries in developing countries such as China and India. North America market is anticipated to grow at a steady growth rate, while the engineering plastics product demand in Europe is foreseen to increase at higher rate in the future.

Market Segmentation:

Global engineering plastics market segmentation by type:

• Thermoplastic Polyesters
• Polycarbonates
• Acrylonitrile Butadiene Styrene (ABS)
• Others

Global engineering plastics market segmentation by application:

• Automotive & Transportation
• Electrical & Electronics
• Packaging
• Consumer Appliances
• Others

Global engineering plastics market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• BASF SE
• SABIC Innovative Plastics US LLC.
• Eastman Chemical Company
• Royal DSM NV
• TICONA Engineering Polymers
• Bayer Materialscience
• Chi Mei Corporation
• Teijin Limited
• Wintech Polymer Ltd.
• Evonik Degussa GmbH