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Engineering Plastics Market 2027 Size Estimates and Forecasts By Key Players such as BASF SE (Germany), LG Chem (South Korea), Sabic Innovative Plastics (Saudi Arabia), Solvay SA (Belgium), Evonik Industries AG (Germany)l, Arkema SA (France), E. I. du Pon
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The recent report titled βThe Engineering Plastics Marketβ Added by Premium Market Insights is a focused study encompassing the market segmentation primarily based on type and application. The report investigates the key drivers leading to the growth of the Engineering Plastics market during the forecast period and analyzes the factors that may hinder the market growth in the future. Besides, the report highlights the potential opportunities for the market players and future trends of the market by a logical and calculative study of the past and current market scenario.
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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)l, Arkema SA (France), E. I. du Pont de Nemours and Company (U.S.), Royal DSM NV (Netherlands), Lanxess AG (Germany), and Bayer AG (Germany).
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 Engineering Plastics Market 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.
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.
The report features the market study across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. It includes country-wise analysis as well as the PEST analysis for these major regions. The impact of the political, economic, social, and technological factors on the market across these regions help in giving insightful knowledge of the favorable and unfavorable conditions for the major market players including manufacturers, investors, and shareholders.
The market study also covers the critical details on the positions and hold of the influence of the top ten players on the market. It provides a detailed analysis of these global players covering their market share, financial statements for the last three years, recent developments and product launches for the past five years, a descriptive SWOT analysis, and the competitive landscape in detail. The report intends to give readers an accurate picture of the market and its state in the coming years.
To access/purchase, the full report browse the link below βhttps://www.premiummarketinsights.com/buy/AMR00012807
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