Engineering Plastic Compounds Market Report Till 2031

Visiongain has published a new report on Engineering Plastic Compounds Market Report 2021-2031: Forecasts by Type (Polycarbonate (PC) Compound, Polyamide (PA) Compound, Polymethyl Methacrylate (PMMA) Compound, Polyacetal/Polyoxymethylene (POM) Compound, PBT Compound, Acrylonitrile Butadiene Styrene (ABS) Compound, Styrene–Acrylonitrile (SAN) Compound, Thermoplastic Elastomer Compound, Others), by Application (Automotive, Aerospace, Electrical and Electronics, Building and Construction, Consumer Goods and Appliances, Medical, Others) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Engineering Plastic Compounds Companies AND COVID-19 Recovery Scenarios.

Visiongain has estimated that the total market for Engineering Plastics Compounds would be around $x million in 2021 and is projected to grow at a CAGR of x% during the forecast period 2021-2031.

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COVID-19 Impact on Engineering Plastic Compounds Market
Medical devices and instruments are in a constant state of evolution, and with the current ongoing covid situation it has become essential to respond to trends within and outside the hospital premises to attain better care at lesser system costs. The trends toward miniaturization and compactness are driving new requirements in the medical industry.

How the Engineering Plastic Compounds Market report helps you
• In summary, our 510+ page report provides you with the following knowledge:
• Which product could be the best investment opportunity in coming years?
• Which region could be the most potential for expansion and cost effective?
• What are Supply and demand considerations for Engineering Plastic Compounds?
• What is the Status of Global Demand of Engineering Plastic Compounds?
• Which are the Substitutability Issues for Engineering Plastic Compounds?
• Engineering Plastic Compounds Demand Knowledge & Analysis by Country
• Which are the Factors Affecting Demand in Long Run?
• Which regions could see demand maturing in the near future in certain segments?
• How will opportunities in key growth areas affect the emerging political and economic scenario?
• In different segments, what are some of the value-grab opportunities?
• Revenue forecasts to 2031 for Engineering Plastic Compounds Market, with forecasts for Type Application, each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues
• In addition to revenue forecasting to 2031, our new study provides you with recent results, growth rates, and market shares
• Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), product profiles and commercial developments.
• Discover sales predictions for the Engineering Plastic Compounds market and submarkets

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Engineering Plastic Compounds Replacing Traditional Metal in Various Industries
Engineering thermoplastics are apparently lighter and stronger than several metals such as aluminium, magnesium alloys, aluminium alloys and others, which are offering great potential to replace traditional metal parts. One of the most important drivers aiding the growth of engineering plastics compounds are unexplored opportunities of replacing metals not only in automobiles, but also in the application areas of household appliances, construction, and infrastructure, to list down a few. For example, nylon replacing metals in under-the-hood motor vehicle applications and polycarbonate in the construction, medical and consumer markets.

Market Opportunities

Development of Environmentally Friendly Modified Materials
In order to achieve the goals of sustainable manufacturing, various manufacturers are privately investing in research organizations to develop a novel, eco-friendly, and closed-loop route for recycling engineering plastics. For instance, Exeter Advanced Technologies (X-AT) along with some industrial companies has developed a recycling process through the solvolysis process. This process separates composites/plastic compounds into different components, such as fillers, fibres and resins, under specific temperatures and pressures for reuse in new applications. Further, companies such as Entec polymers are also offering post-consumer nylon products that are certified to UL’s most rigorous adherence standard for PCR based products. Mitsubishi Chemicals has developed a bio-based polycarbonate resin derived mainly from plant-based isosorbide, which has excellent durability, making possible its deployment in a wide variety of applications such as for optical, electronic equipment, automotive housings, interior and exterior decor.

Avoided Emissions – Production Approach
'Avoided emissions' refers to the emissions related environmental benefits that occur downstream in the use phase of our products. While avoided emissions do not count toward any specific Science-Based Targets, they result in reduced emissions for customers and end-users. For example, DSM Engineering Plastics provides products for packaging films in the food industry, which require effective oxygen barrier properties and high puncture resistance. These films play an important role in reducing food waste by protecting food during transport, retail and consumer use, and extending shelf life. Reducing food waste diminishes the burden on the food production system, leading to significant avoided emissions. By adopting this production approach, companies have the opportunity to gain goodwill in the market and gain traction from customers as well end users.

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Competitive Landscape
Some of the companies profiled in the report include BASF SE, Idemitsu Kosan Company Ltd., SABIC, Asahi Kasei Advance Corporation, Lanxess AG, and Covestro AG, among others. According to Visiongain Analysis, the top 15 companies hold about X% share in the engineering plastics compounds market. These companies are continuously developing their product portfolio to meet the increasing demand from the automotive, building & construction, and electronics industries. Some of the major developments took place in the engineering plastic compounds industry in recent years such as BASF’s announcement of capacity expansion for PA and PBT compounds. On the other hand, Saudi Aramco acquired 70% of the controlling stake of SABIC in June 2020.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

Do you have any custom requirements we can help you with? Any need for a specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help:

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About Visiongain
Visiongain is one of the fastest-growing and most innovative independent market research company in London, the company comprises over 400+ analysts and consultants, adding more than 1400 market research reports to its vast database each year. These reports offer in-depth analysis on 18 industries worldwide.

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