Wish to know more about the study? Click here to get a Free Sample.
https://www.stratviewresearch.com/Request-Sample/963/engineering-plastics-market.html#form
The objective of the Engineering Plastics Market report is to offer updated information such as the market share, size, trends, emerging markets, earnings, forecasts, and data on leading industry players. This study includes significant and vital information necessary for strategic decision making and have a competitive edge.
In view with the current pandemic analysts at Stratview Research has thoroughly analyzed and presented the following parameters under the detailed Covid – 19 impact analysis in the Engineering Plastics Market.
Market Insights – The Engineering Plastics Market is projected to grow from USD 6.36 billion in 2022 to USD 8.69 billion by 2028 at a CAGR of over 5.3% during the forecast period.
Few key players operating in the Engineering Plastics Market are-
BASF SE
Covestro AG
Solvay SA
Celanese Corporation
DuPont de Nemours, Inc.
LG Chem Ltd.
SABIC
Evonik Industries AG
Lanxess AG
Mitsubishi Engineering Plastics Corporation.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Engineering Plastics Market value and growth drivers over the trend period of 2022-27. According to the report -
Engineering plastics market is likely to witness an impressive CAGR of 7.6% during the forecast period. The prime factor that is contributing to the demand for engineering plastics is mainly the rapidly increasing demand from automotive sector to manufacture lightweight vehicles. Increasing penetration of engineering plastics in the construction sector is also a major factor driving the growth of the market. Engineering plastics are gaining popularity in the construction sector due to their versatility, strength-to-weight ratio, durability, and corrosion-resistance properties.
Segment Analysis:
Based on Product Type:
Based on the product type, the market is segmented as acrylonitrile butadiene styrene, polyamide, polycarbonate, thermoplastic polyesters, polyacetals, fluoropolymers, peek, polyphenylene sulfide, polyphenylene oxide, PMMA, and others. The thermoplastic polyesters segment held the largest share of the market in 2021. On the other hand, the polyacetal segment is expected to register the fastest growth during the forecast period. Thermoplastic polyesters are the most widely used engineering plastics across the world and their popularity is mainly due to their high strength-to-weight-ratio, lightweight, excellent chemical resistance, and easy recyclability properties.
Based on Region:
In terms of regions, Asia-Pacific is estimated to be the largest market during the forecast period, with China, Japan, and India being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the increasing urbanization, and substitution of many metals by suitable engineering plastics in various industries, such as packaging and automotive. Increasing automotive production in the region is one of the major factors driving the growth of the region’s market. The abundant availability of raw materials in the region is a core factor that is propelling the growth of the market.
Know more about the report, click here
https://www.stratviewresearch.com/963/engineering-plastics-market.html
Critical Questions Answered in the Report
l What are the key trends in the global Engineering Plastics Market?
l How the Engineering Plastics Market (and its various sub-segments) has grown in the last five years?
l What would be the growth driver and growth rate in next five years?
l What is the impact of COVID-19 on the Engineering Plastics Market?
l What are the key strategies adopted by the major vendors to lead in the Engineering Plastics Market?
l What is the market share of the key players?
Target Audience
The following is a list of the customers that the Engineering Plastics Market aims to convert the most:
l Manufacturing Organizations
l Distributors & Suppliers
l Potential Investors
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, or to cover analysis on any particular geography or segment, please send your inquiry at sales@stratviewresearch.com or +1-313-307-4176.
What we do –
Stratview Research is a growing market research firm. Experts here illustrate innovative, descriptive, and comprehensive insights through market research to satisfy your individual and organizational objectives. We assist the users to make well-informed, profound and favourable decisions to comprehend the advantages of forthcoming trends, developments, assessments, and opportunities through our precise understanding of the market.
