United States Engineering Plastics Market Research 2020 by Industry Growth, Business Opportunities, Top Manufacture, Industry Share Report, Status, Regional Outlook and Global Forecast to 2026

The market for engineering plastics in the United States has been estimated at USD 13,792.30 million in 2017. The market is expected to portray a healthy CAGR of 4.33% over the forecast period (2018 - 2023).

Engineering plastics, a segment of the plastic industry, are used in applications that require high performance with respect to thermal stability, chemical stability, impact resistance, mechanical strength, and dimensional stability. The specific categorization of these materials is due to their utility in various applications that require higher performance than commodity materials and require engineering to design customized products. Engineering plastics are gradually replacing metal from construction and automotive industries due to their durability, designing flexibility, high strength-to-weight ratios, and low densities.

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Top Leading Manufactures-

BASF SE, Bayer, Poly Plastic Co. Ltd, and Mitsubishi Engineering-Plastics Corporation

Market Scenario

Growing Popularity of Bio-based PET Driving the Market

Considering the side-effects of petrochemical-based plastics, the popularity of bio-based products is rising globally. Since PET is favorably used in the food & beverages packaging industry; this bio-based product trend is creating a direct impact on the PET demand. Owing to the flexibility of recycling and significant reduction in the weight due to bio-based technology, this product category turns to be one of the most favored products in multiple end-user industries such as automotive, electrical & electronics, and food & beverages packaging industry, among others..

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Competitive Landscape

May 2017: Celanese Corporation has acquired the Nylon compounding business of the Nilit Plastics Division.

Key Takeaways from this Report

─ Evaluate market potential through analyzing growth rates, Volume and price knowledge – for products type, finish use applications and by completely different trade verticals of Engineering Plastics Market

─Understand the various dynamics influencing the Engineering Plastics market – key driving factors, challenges, and hidden opportunities

─Get in-depth insights on your contestant performance of Engineering Plastics Market – market shares, strategies, monetary benchmarking, product benchmarking and additional

─Engineering Plastics Market report analyzes the sales and distribution channels across key geographies to enhance top-line revenues

─Comprehend the exchange give chain a profound jump on the value increase at each progression, to enhance cost and deliver efficiencies in your procedures

─Get a fast outlook on the Engineering Plastics market report entropy – Deals, partnerships, product launches of all key players for the past Five years.

─Evaluate the supply-demand gaps, import-export statistics and restrictive landscape for quite prime twenty countries United Statesly for the Engineering Plastics market

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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