The high cost of engineering plastics due to fluctuating raw material costs is projected to stymie the expansion of the engineering plastics industry. Engineering plastics have improved qualities and need more complex processing, which affects the ultimate cost of the engineering plastics. As a result, the high cost of engineering plastics is projected to impede market expansion. Growing expenditure in research initiatives to create plastics alternatives is projected to stymie industry expansion. Various firms are investing in research programmes to develop alternatives for engineering plastics such as carbon fibres in order to cut total manufacturing costs, which is expected to impede the growth of the engineering plastic market.
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