Market Values: The global Engineering Plastics Market demonstrated a valuation of US$ 106.57 billion in 2022, with a projected CAGR of 7.2% from 2023 to 2029, foreseeing a market value of nearly US$ 173.39 billion.
Report Scope: The comprehensive “Engineering Plastics Market – Global Industry Analysis and Forecast (2023-2029)” report provides an in-depth analysis of the market, exploring various segments such as Type, End-Use Industry, and Region.
Research Methodology: The research methodology employed for this report includes primary data analysis from 2018 to 2022, offering insights through facts, figures, visualizations, and presentations. The report incorporates a thorough examination of the current competitive environment in the Engineering Plastics market, forming the basis for investment recommendations.
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Dynamics: The Engineering Plastics Market is experiencing a paradigm shift as engineering plastics increasingly replace traditional materials in various end-use applications. These adaptable materials boast superior physical and electrical characteristics, including stability, chemical resistance, heat resistance, abrasion resistance, and weatherability. Key factors such as metal replacement in automobiles, environmental concerns, and the demand for lightweight materials are driving the market dynamics.
Regional Insights: The Asia Pacific region is anticipated to dominate the Engineering Plastics Market by 2029, holding the largest market share. China is expected to be the leading market in the region, with India exhibiting the fastest-growing market globally. Factors such as the growth of the electric vehicle industry, semiconductor manufacturing, and consumer appliance exports are driving the demand for engineering plastics in the Asia Pacific region.
Market Segment Analysis: The Engineering Plastics Market is segmented by Type and End-Use Industry. Notably, the Polyacetals (POM) segment is poised for rapid growth, showcasing exceptional properties and applications across industrial machinery, electrical and electronics, automotive, and consumer goods.
Conclusion: The objective of this report is to present a comprehensive analysis of the Global Engineering Plastics Market, providing stakeholders with insights into market trends and forecasts. The report includes a dedicated study of key players, encompassing market leaders, followers, and new entrants. A thorough analysis using PORTER and PESTEL frameworks, along with the evaluation of micro-economic factors, ensures a clear understanding of the market’s future trajectory for decision-makers.
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What is Engineering Plastics Market Segmentation?
by Type
Acrylonitrile Butadiene Styrene (ABS)
Polyamide (PA)
Polycarbonate (PC)
Thermoplastic polyesters (PET/PBT)
Polyacetals (POM)
Fluoropolymers
PEEK
Polyphenylene Sulfide
Polyphenylene Oxide
PMMA
Others
by End-Use Industry
Automotive & transportation
Electrical & electronics
Industrial & machinery
Packaging
Consumer appliances
Medical
Others
Who are Engineering Plastics Market Key Players?
1. Asahi Kasei Corporation
2. BASF SE
3. Celanese Corporation
4. Covestro
5. DSM N.V.
6. Dupont
7. Lanxess
8. LG Chem.
9. Mitsubishi Engineering-Plastics Corporation
10.Saudi Basic Industries Corporation (Sabic)
11.Solvay SA
12.Teijin
13.Toray
14.Victrex Plc.
15.Ashland
16.Arkema
17.A. Schulman, Inc.
18.AdvanSix
19.Chi Mei Corporation
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