Engineering Plastics Market - Trends Forecast Till 2028

Market Overview

Global Engineering plastics market is anticipated to reach USD 93 billion in 2021 growing at a CAGR of 9.2% during the forecasting period, 2021-2028.

Engineering Plastics is a class of plastic that tends to have better mechanical and thermal properties in comparison to the normal plastic. They are used as a replacement material for the conventional material like wood and metal for many applications. Some of the engineering plastics are acrylonitrile butadiene styrene (ABS) and polycarbonates. They are used for car bumpers, dashboard trim, optical disc, polyamide etc. Polycarbonate are highly resistant to Impact, and are also heat resistant, are more stable chemically.

Due to a recent trend of light weight and fuel efficient vehicle along with the increased demand from end user industry are some of the factors that have supported long-term expansion for engineering plastics industry.

Key Findings

Global Engineering plastics market is segmented into Type, End-Use Industry and geography.

Type segment is segmented into Polycarbonate, Polyamide, ABS, PET & PBT, POM, Fluoropolymers

End-Use Industry segment is segmented into Automotive & Transport, Electrical & Electronics, Industrial & Machinery, Packaging, Consumer Appliances

Geographically, global Engineering plastics market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in global Engineering plastics market are BASF SE (Germany) , Covestro (Germany), Solvay SA (Belgium), Celanese (US), DowDuPont (US), LG Chem (South Korea), SABIC (Saudi Arabia), Evonik Industries (Germany), Lanxess (Germany), and Mitsubishi Engineering Plastics (Japan) among others.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Engineering plastics market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope