Engineering Plastic Compound Market was valued at US$ 31.15 Mn. in 2021 and is expected to reach US$ 41.02 Mn. by 2029 at a CAGR of 3.5% during forecast period.
Market Overview:
This study’s purpose is to give an overview of the Engineering Plastic Compound market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Engineering Plastic Compound companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Engineering Plastic Compound market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Engineering Plastic Compound Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Engineering Plastic Compound Market Size from a worldwide standpoint, evaluating historical data and forecasts.
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Market Scope:
The report also focuses on the leading industry players in the Engineering Plastic Compound market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Segmentation:
By Compound Type
1. Polyethylene (PE)
2. Polypropylene (PP)
3. Poly Vinyl Chloride (PVC)
4. Polystyrene (PS)
5. Polyethylene Terephthalate (PET)
6. Polybutylene Terephthalate (PBT)
7. Polycarbonate
8. Others
In 2021, the Polypropylene (PP) sector had the most market share (28.13%). Its compounds are commonly used in automotive applications because of their excellent levels of impact resistance and serviceability. Due to increased automotive production, governmental trends forcing manufacturers to improve fuel efficiency, and customer pressure to lighten vehicles, plastic consumption in automotive applications is predicted to rise dramatically throughout the projection period. It has better fatigue resistance and increased chemical and temperature tolerance. These components have aided in the popularity of PP as a material for a variety of applications in developed and emerging nations.
By Application
1. Electrical & Electronics
2. Building & Construction
3. Consumer Goods & Appliances
4. Automotive & Transportation
5. Aerospace
6. Industrial Applications
7. Medical
The Electrical & Electronics, Building & Construction, Consumer Goods & Appliances, Automotive & Transportation, Aerospace, Industrial Applications, and Medical sectors make up the Engineering Plastic Compound Market by Application. In 2021, the Automotive & Transportation segment held a commanding 23.8% market share. The segment’s growth has been greatly impacted by the substitution of plastics for metals and alloys in automotive parts. Automobile production has greatly expanded in recent years, largely as a result of the growth of the sector and the favourable manufacturing climate in emerging markets. China, India, and Brazil have the fastest-growing economies and are all significant hubs for the production of automobiles.
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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Engineering Plastic Compound market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Engineering Plastic Compound industry.
1. Polymer-Group
2. Polyplastics Co., Ltd.
3. Ravago Americas
4. Asahi Kasei Corporation
5. BASF SE
6. Celanese Corporation
7. Covestro AG
8. RTP Company
9. AKRO-PLASTIC GmbH
10. Daicel Polymer Ltd.
11. Eurostar Engineering Plastics
12. Formulated Polymers Limited
13. Ginar Technology Co. Ltd.
14. HDC HYUNDAI EP COMPANY
15. KAWASAKI SANKO KASEI Co., Ltd.
16. Ngai Hing Hong Company Limited
17. Piper Plastics, Inc.
18. Teknor Apex
19. Trinseo LLC
20. WITTENBURG GROUP.
21. Solvay SA
22. DowDuPont
23. SABIC
24. LG Chem
25. Lanxess
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Table Of Content For Engineering Plastic Compound Market:
1. Global Engineering Plastic Compound Market: Research Methodology
2. Global Engineering Plastic Compound Market: Executive Summary
• Market Overview and Definitions
o Introduction to Global Engineering Plastic Compound Market
• Summary
o Key Findings
o Recommendations for Investors
o Recommendations for Market Leaders
o Recommendations for New Market Entry
3. Global Engineering Plastic Compound Market: Competitive Analysis
• MMR Competition Matrix
o Market Structure by region
o Competitive Benchmarking of Key Players
• Consolidation in the Market
o M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
o North America
o Europe
o Asia Pacific
o Middle East and Africa
o South America
• COVID-19 Impact
4. Global Engineering Plastic Compound Market Segmentation
• Global Engineering Plastic Compound Market, by Compound Type Type(2021-2029)
• Global Engineering Plastic Compound Market, by Application (2021-2029)
5. Regional Engineering Plastic Compound Market(2021-2029)
• Regional Engineering Plastic Compound Market, by Compound Type(2021-2029)
• Regional Engineering Plastic Compound Market, by Application (2021-2029)
• Regional Engineering Plastic Compound Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Engineering Plastic Compound market in these regions.
COVID-19 Impact Analysis on Engineering Plastic Compound Market
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Engineering Plastic Compound market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Engineering Plastic Compound Market Report are:
What will be the CAGR of the Engineering Plastic Compound market during the forecast period?
Which segment emerged as the leading segment in the Engineering Plastic Compound market?
Which are the prominent players in the Engineering Plastic Compound market?
What will be the Engineering Plastic Compound market size by 2027?
Which company held the largest share in the Engineering Plastic Compound market?
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