Engineering Plastic Market Size, Share, Development by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Engineering Plastic market.

PA66, also referred to as nylon 6, 6, is a polyamide from nylon class. It is made of hexamethylenediamine and adipic acid. PA66 engineering plastics is frequently used when high mechanical strength, great rigidity, and good stability under heat is required. They are used for automotive, electrical & electronics, industrial and consumer applications.

In global market, the production of PA66 engineering plastics increases from 1404.2 K MT in 2011 to 1618.9 K MT in 2015, at a CAGR of more than 3.62%. In 2015, the global PA66 engineering plastics market is led by North America, capturing about 47.48% of global PA66 engineering plastics production. Europe is the second-largest region-wise market with 28.75% global production share. At present, the major manufacturers of PA66 engineering plastics are concentrated in Invista, Ascend, Solvay, BASF, Asahi Kasei, Dupont and Shenma. Invista is the world leader, holding 24.63% production market share in 2015.

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Global Engineering Plastic Market: Forecast by Type / Application / Region

In application, PA66 engineering plastics downstream is wide used in automotive, electrical & electronics, machinery equipment and others and recently PA66 engineering plastics has acquired increasing significance in various fields of automotive. Globally, the PA66 engineering plastics market is mainly driven by growing demand for automotive, which accounts for nearly 50.18% of total downstream consumption of PA66 engineering plastics in global.

In price, the price of PA66 engineering plastics average price decrease from $ 3691 in 2011 to $ 2542 in 2015. The price of PA66 engineering plastics was decreased year by year.

In the future, global market is expected to witness steady growth on account of rising applications with a CAGR of 3.44% from 2016 to 2021, so in the next few years, PA66 engineering plastics production will show a trend of steady growth. In 2021 the production of PA66 engineering plastics is estimated to be 1976 K MT. On product prices, the slow downward trend in recent years will maintain in the future.

Over the next five years, LPI(LP Information) projects that Engineering Plastic will register a 3.9% CAGR in terms of revenue, reach US$ 5230 million by 2023, from US$ 4320 million in 2017.

Global Engineering Plastic Market: Key Players
Invista
Ascend
Solvay
BASF
Asahi Kasei
Dupont
Radici Group
Shenma
Hua Yang

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Related Information:
United States Engineering Plastic Market Research Report 2018
Europe Engineering Plastic Market Research Report 2018
North America Engineering Plastic Market Research Report 2018
Asia-Pacific Engineering Plastic Market Research Report 2018
China Engineering Plastic Market Research Report 2018
EMEA Engineering Plastic Market Research Report 2018
Global Engineering Plastic Market Research Report 2018

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