The engineering plastics market is anticipated to witness a growth in the market during the forecast period, from 2022 to 2029. Bridge Market Research data analyzes the market growth at a CAGR of 6.90% during the forecast period above.
Engineering plastics are mainly high-quality plastics, which are widely used to improve the thermal and mechanical properties of plastics to meet higher requirements. They have various useful properties such as higher impact strength, high abrasion resistance, and resistance to wear and fatigue. This plastic has replaced traditional engineering materials such as wood and metal.
The increasing adoption of 3D printing with polyamide raw materials is believed to generate many market opportunities during the forecast period of 2022-2029. On the other hand, the time-consuming engineering plastics process is expected to be a major challenge for the growth of the engineering plastics market.
According to Data Bridge Market Research, the engineering plastics market in developed countries will experience significant growth during the forecast period 2022-2029 due to factors such as increasing demand for 3D printing using polyamide as raw material and increasing demand from developing countries for plastics. for engineering. low product and raw material costs for the production of engineering plastics, which is driving the market rapidly. New developing technologies and modernization will create more new opportunities for the engineering plastics market during the forecast period 2022-2029.
Now the question is, which other areas are the target market for engineering plastics? Data Bridge Market Research has identified LAMEA's strong growth in the engineering plastics market as their next revenue stream for 2022. A new report from Data Bridge Market Research highlights the key growth drivers and opportunities in the engineering plastics market.
Engineering Plastics Market Scope and Market Size
The engineering plastics market is segmented by type, parameter, application, and end-user industry. Growth between different segments will help you gain knowledge of the various growth factors that are expected to dominate the market and formulate different strategies to identify key application areas and differences within your target market.
· Based on the type, the engineering plastics market is segmented into Acrylonitrile Butadiene Styrene (ABS), Polyamide, Polycarbonate, Thermoplastic Polyester and others.
· Based on application, the engineering plastics market is segmented into anti-abrasion coatings, acid pans, anti-corrosion coatings, brake pads, bearings, countertops, boat cutting boards, boat windshields, nuts and bolts, and more.
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Engineering Plastics Market Country Level Analysis
The engineering plastics market is segmented by type, parameter, application, and end-user industry.
The countries covered by the Engineering Plastics market report are the United States, Canada and Mexico in North America, Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and other Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia Pacific (APAC), Saudi Arabia, United Arab Emirates, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as part Middle East and Africa (MEA), Brazil, Argentina and all of South America as part of South America.
Competitive Landscape and Engineering Plastics Market Share Analysis
Some of the major players operating in the engineering plastics market report are
· BASF SE
· Ashland
· Arkema
· Covestro AG
· AdvanSix
· Asahi Kasei Corporation
· Celanese Corporation
· LANXESS
· Chi Mei
· Chevron Phillips Chemical Company
· Daicel Corporation
· 3M
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Major TOC of The Engineering Plastics Market
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