The reports also help in understanding the Engineering Plastics Market dynamic, and structure by analyzing the market segments and projecting the Engineering Plastics Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Engineering Plastics Market makes the report investor’s guide.
Engineering Plastics Market Overview:
The "Engineering Plastics Market" study gives a complete picture of the competition, including the market share and company profiles of the key competitors in the industry. The scope of the research includes a thorough investigation of the Engineering Plastics Market, as well as the reasons for variations in the industry's growth in various locations.
The Engineering Plastics Market size was valued at US$ 99.42 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 7.2% from 2022 to 2027, reaching nearly US$ 150.88 Bn.
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Market Scope:
The rise in dietary trend of consuming milk outside the home is propelling Post completion of market engineering, which included calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation, thorough primary research was done to acquire information and verify and validate important numbers. To perform market estimating and forecasting for the overall market segments and sub-segments described in this research, both top-down and bottom-up methodologies, as well as multiple data triangulation methods, were widely employed throughout the whole market engineering process. Extensive qualitative and quantitative analysis is also performed on all of the figures obtained during the whole market engineering process in order to provide essential information throughout the report.
Segmentation:.
Based on the Type, the market is segmented into Acrylonitrile Butadiene Styrene (ABS), Polyamide (PA), Polycarbonate (PC), Thermoplastic polyesters (PET/PBT), Polyacetals (POM), Fluoropolymers, PEEK, Polyphenylene Sulfide, Polyphenylene Oxide, PMMA, and Others. Polyacetals (POM) segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2022-2027. Polyacetal, often known as polyoxymethylene (POM), is a type of engineering plastic created by formaldehyde polymerization. It is resistant to high temperatures, solvents, and abrasion and has exceptional mechanical, thermal, chemical, and electrical qualities. It possesses excellent electrical properties and is resistant to a wide range of solvents, making it ideal for use in electrical applications. Polyoxymethylene's outstanding qualities make it ideal for use in industrial machinery, electrical and electronics, automotive and transportation, and consumer goods, boosting the engineering plastics market growth.
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Key Players:
Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the markets are determined by using secondary sources and verified through primary sources. The biggest players in the Engineering Plastics market are as follows:
• Asahi Kasei Corporation
• BASF SE
• Celanese Corporation
• Covestro
• DSM N.V.
• Dupont
• Lanxess
• LG Chem.
• Mitsubishi Engineering-Plastics Corporation
• Saudi Basic Industries Corporation (Sabic)
• Solvay SA
• Teijin
• Toray
• Victrex Plc.
• Ashland
• Arkema
• A. Schulman, Inc.
• AdvanSix
• Chi Mei Corporation
Regional Analysis:
Individual market-influencing elements and changes in market laws that influence present and future market trends are also included in the geographical overview of the Engineering Plastics market study. Current and future trends are examined in order to assess the entire market potential and uncover profitable trends in order to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Engineering Plastics Market:
Due to a break in operations, end-user sectors where Engineering Plastics is used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Engineering Plastics manufacturers, affecting the development of the Engineering Plastics market in 2020. End-user business demand for Engineering Plastics has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
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Key Questions Answered in the Engineering Plastics Market Report are:
Which segment had the largest share in the Engineering Plastics market in 2021?
What is the competitive landscape of the Engineering Plastics market?
Which are the key drivers aiding the Engineering Plastics market growth?
Which region has the maximum share in the Engineering Plastics market?
What will be the CAGR of the Engineering Plastics market during the forecast period (2022-2027)?
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