Engineering Plastics Market 2018 - 2026 By Top Players E. I. du Pont de Nemours and Company, BASF SE, Solvay S.A., Saudi Basic Industries Corporation, Mitsubishi Engineering-Plastics Corporation, Covestro AG, Lanxess AG, Evonik Industries AG, Celanese Cor

Engineering plastics are plastic materials with better thermal and mechanical properties than commodity plastics such as polypropylene, polystyrene, polyvinyl chloride, and polyethylene. Engineering plastics are relatively expensive and therefore are produced in lower quantities and are used in low-volume applications such as mechanical parts. Engineering plastics are widely used as an option to ceramics, glass, wood, and metals as these materials can maintain dimensional and mechanical stability below 0°C and above 100°C.

Get Sample PDF Of Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/2162

Major players operating in the global engineering plastics market include, E. I. du Pont de Nemours and Company, BASF SE, Solvay S.A., Saudi Basic Industries Corporation, Mitsubishi Engineering-Plastics Corporation, Covestro AG, Lanxess AG, Evonik Industries AG, Celanese Corporation, and others.

Market Dynamics

Increasing initiatives for reducing weight of vehicles and improvement in fuel efficiency backed by replacement of metal in automotive, electrical & electronics, and other industries are some of the key factors propelling growth of the engineering plastics market. Moreover, significant growth in various industries such as automotive, construction, electrical & electronics and others, in emerging economies has contributed to growth of the market.

Europe accounted for a significant share in the global engineering plastics market in 2017. This is owing to presence of major players in the region such as BASF SE, E. I. du Pont de Nemours and Company, Evonik Industries AG and others, and their initiatives to expand business in order to gain high revenue. For instance, in 2018, BASF SE announced plans to acquire Solvay SA’s global polyamide business. This is expected to expand BASF’s range of engineering plastics for consumer goods, construction, and transportation industries and is expected to strengthen its access to raw materials.

Several industries are focused on replacing conventional materials such as metals, glass, and alloys with engineering plastics. This is one of the major drivers propelling growth of the global engineering plastics market. According to the Association of Plastics Manufacturers, in 2015, around 10% of the plastic used worldwide is engineering plastics. Moreover, bio-based engineering plastics such as polycarbonates and polyamides are witnessing significant growth in demand as these help in reducing the carbon footprint.

Browse More Information @ https://www.coherentmarketinsights.com/market-insight/engineering-plastics-market-2162

Detailed Segmentation:

Global Engineering Plastics Market, By Product Type:
Ultra High Molecular Weight Polyethylene (UHMWPE)
Acrylonitrile Butadiene Styrene (ABS)
Fluoropolymers
Polybutylene Terephthalate (PBT)
Polymethyl Methacrylate (PMMA)
Polyethylene Terephthalate (PET)
Polyamide (PA)
Polycarbonate (PC)
Polyoxymethylene (POM)
Liquid Crystal Polymers (LCP)
Polyimides (PI)
Polyether Ether Ketone (PEEK)
Polyphenylene Oxide
Others

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.