The global engineering plastics market is estimated to register a CAGR of X.X% in terms of value during the 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 engineering plastics market 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.
Global Engineering Plastics Market Overview
Plastic materials having an excellent combination of thermal and mechanical properties as compared to other commodity plastic materials are called 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 include 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 have various applications in electrical, electronics, automotive, medical, construction, packaging, transportation, and numerous other industrial sectors.
One of the major driving factors for the 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 the automotive industry.
With the growing demand in the electronics & electrical appliances market, the demand for engineering plastics has raised. However, the higher cost of engineering plastics materials may restrict the engineering plastics market. The use of engineering plastics in the aerospace industry for building spaceships could be the future trend for this market.
The Asia Pacific is the dominating market for engineering plastics. The growth of the 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. The North American market is anticipated to grow at a steady growth rate, while the engineering plastics product demand in Europe is foreseen to increase at a higher rate in the future.
Global Engineering Plastics Market Segmentation:
Global engineering plastics market segmentation by type:
- Thermoplastic Polyesters
- Acrylonitrile Butadiene Styrene (ABS)
Global engineering plastics market segmentation by application:
- Automotive & Transportation
- Electrical & Electronics
- Consumer Appliances
Global engineering plastics market segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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
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