Press release
Engineering Plastics Market Size Estimates, Demand and Forecasts by Key Players - BASF SE (Germany), LG Chem (South Korea), Sabic Innovative Plastics (Saudi Arabia), Solvay SA (Belgium), Evonik Industries AG (Germany), Arkema SA (France), Lanxess AG (Germ
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The world engineering plastics market accounted for $67 billion in 2015 and is forecast to reach $102 billion by 2022, with a CAGR of 6.4% from 2016 to 2022.
The increase in the trend of vehicle weight reduction and improvement in fuel efficiency is expected to boost the adoption of engineering plastics. Moreover, metal replacement in the construction and electrical & electronics industries is estimated to drive the market growth. Furthermore, significant growth of the 3D printing and photovoltaic industry would increase the consumption of engineering plastics. However, fluctuations in the price of crude oil, product commoditization, and regulatory challenges about CO2 emissions hamper market growth.
Leading companies in this market have proactively worked towards expansion as well as the launch of new engineering plastics products.
The major companies profiled in the report include:
BASF SE (Germany)
LG Chem (South Korea)
Sabic Innovative Plastics (Saudi Arabia)
Solvay SA (Belgium)
Evonik Industries AG (Germany)
Arkema SA (France)
E. I. du Pont de Nemours and Company (U.S.)
Royal DSM NV (Netherlands)
Lanxess AG (Germany)
Bayer AG (Germany)
The world engineering plastics market is segmented based on type, application, and geography. Based on type, it is divided into polyamide (PA), acrylonitrile-butadiene-styrene (ABS), thermoplastics polyesters (PBT), polycarbonate (PC), polyacetals (POM), fluoropolymers (PVDF/PTFE), and others (PEEK/PMMA/PPS). Based on application, the market is classified into automotive, electrical & electronics, packaging, and consumer & industrial.
The market is segmented on the basis of four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Emerging economies in Asia-Pacific and LAMEA regions offer the lucrative potential for engineering plastics manufacturers. This is attributed to rapid urbanization, which fuels the growth of the automotive and construction industry and necessitates the need to address energy conservation and sustainability issues.
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The detailed segments and sub-segment of the Engineering Plastics Market are explained below:
By Product
Polyamides
ABS
Thermoplastic Polyesters
Polycarbonates
Polyacetals
Fluoropolymers
Others
By End-User
Packaging
Building & Construction
Electrical & Electronics
Automotive
Consumer Products
Others
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 MARKET OVERVIEW
CHAPTER 4 WORLD ENGINEERING PLASTICS MARKET, BY TYPE
CHAPTER 5 WORLD ENGINEERING PLASTICS MARKET, BY APPLICATION
CHAPTER 6 WORLD ENGINEERING PLASTICS MARKET, BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILES
7.1 BASF SE
7.1.1 Company Overview
7.1.2 Company Snapshot
7.1.3 Operating Business Segments
7.1.4 Business Performance
7.1.5 Key Strategic Moves and Developments
7.2 LG Chem Ltd.
7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Operating Business Segments
7.2.4 Business Performance
7.2.5 Key Strategic Moves and Developments
7.3 SABIC
7.3.1 Company Overview
7.3.2 Company Snapshot
7.3.3 Operating Business Segments
7.3.4 Business Performance
7.3.5 Key Strategic Moves and Developments
7.4 SOLVAY
7.4.1 Company Overview
7.4.2 Company Snapshot
7.4.3 Operating Business Segments
7.4.4 Business Performance
7.4.5 Key Strategic Moves and Developments
7.5 EVONIK INDUSTRIES AG
7.5.1 Company Overview
7.5.2 Company Snapshot
7.5.3 Operating Business Segments
7.5.4 Business Performance
7.5.5 Key Strategic Moves and Developments
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{Please note that owing to the criticality of the Global Engineering Plastics Market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation to cater to the most recent updates. }
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