Engineering plastics Market Trends Forecast Till 2028, Market share and Analysis

GUILDFORD, U.K. - July 7, 2022 - PRLog -- 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.

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

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.

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Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validating the total revenue of the Engineering plastics market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondent in order to gain 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

Leading Companies

Suppliers & Distributors

Manufacturers

Consumers

Industry/Strategic Consultants