Engineering Thermoplastics Market Size, Status and Precise Outlook-3M, ARKEMA, Asahi Kasei, Ascend, BASF, Bayer, Celaness, Changchun, Chimei, CNPC, Daikin, Dongyue

The Engineering Thermoplastics report provides overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2025. The structured analysis contains graphical as well as a diagrammatic representation of global Engineering Thermoplastics Market with its specific geographical regions.

Engineering Thermoplastics Market was valued at around USD 90 billion in 2020, and the market is projected to register a CAGR of more than 6% during the forecast period (2021-2026).

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Top leading Manufactures Profiled in Engineering Thermoplastics Market Report are 3M, ARKEMA, Asahi Kasei, Ascend, BASF, Bayer, Celaness, Changchun, Chimei, CNPC, Daikin, Dongyue, DSM, DuPont, Formosa, Hochest-Celanese, Invista, JM, JSR, KKPC, Lanxess, LG Chemical, Meilan Group, Mitsubishi, Nan Ya, PolyOne, Radici Group, SABIC

News and Updates

DECEMBER 01, 2020 LG Chem to double China battery capacity to meet Tesla demand: South Korea's LG Chem Ltd plans to more than double production capacity of battery cells it makes in China for Tesla Inc electric vehicles (EV) next year, sources said, to keep up with its US client's growth in the biggest car market.     

JUNE 10, 2020 LG Chem in $1.1 billion deal with China's Shanshan to sell LCD polarizer business- South Korea's LG Chem Ltd said on Wednesday it has signed a conditional contract with China's Ningbo Shanshan Co Ltd to sell most of its liquid crystal display (LCD) polarizer business for $1.1 billion.

JULY 11, 2019 LG Chem considering building 2nd US EV battery plant: LG Chem, one of the leading EV battery makers in the world that counts General Motors and Volkswagen among its customers, is weighing investing about 2 trillion won ($1.70 billion) in the plant that could begin production in 2022, one of the people said. Kentucky and Tennessee are among the candidates for the plant's site, the person said.

Market Overview

Engineering plastics are a group of plastic materials that have better mechanical and thermal properties than the more widely used commodity plastics (such as polystyrene, PVC, polypropylene, and polyethylene). The engineering plastics market is segmented by product type, application, and geography. By product type, the market is segmented into fluoropolymers, polycarbonate, polyethylene terephthalate, polybutylene terephthalate, polyacetal/ polyoxymethylene, polymethyl methacrylate, polyphenylene oxide, polyphenylene sulfide, styrene copolymers, liquid crystal polymers , polyimides, and polyamides. By application, the market is segmented into automotive and transportation, building and construction, consumer goods, electrical and electronics, industrial and machinery, packaging, and medical. The report also covers the market size and forecasts for the engineering plastics market in 24 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (kilo metric ton) and revenue (USD million).

Engineering plastics are versatile plastic materials with superior physical and electrical properties, such as stability, superior chemical resistance, heat resistance, abrasion resistance, and weather-ability. These characteristics made them one of the fastest-growing segments of the plastics industry. Metals and glass are continuously being replaced by lighter materials because of continuous developments in the plastic industry. For example, polyamides are used to replace metal automotive gear shift module because of their lighweight and high-strength properties. Metal replacement is important for the automotive industry for vehicle weight reduction, design freedom, and easy integration of parts and decrease in total system costs. Owing to government regulations and concerns regarding fuel efficiency standards and consumer preferences for vehicles with high gas mileage, automobile manufacturers are focusing on enhancing fuel economy. Engineering plastics are also used in electrical components of hybrid electric cars due to their favorable properties; for instance, high heat resistance.

Regional Analysis

Asia-Pacific accounted for the largest share of the market due to the increased consumption of engineering plastics in various industries, including automotive, packaging, building, and construction, in rapidly growing countries such as China, India, and Japan. China alone consuming a share of around 35% of the overall market.

China is the largest producer and consumer of engineering plastics in the region. The abundant availability of raw materials and low production costs have been supporting the production growth of the country's engineering plastics market for the past few years

Global Engineering Thermoplastics Market Split by Product Type and Applications:

Market Research Study Focus on these Types:

Polycarbonates (PC)

Acrylonitrile Butadiene Styrene (ABS)

Polyamides (PA)

Thermoplastic Polyesters (PET & PBT)

Polyacetals (POM)

Fluoropolymers

Others

Market Research Study Focus on these Applications:

Transportation

Electronics

Industrial

Others

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Regional Analysis for Engineering Thermoplastics Market:

For a comprehensive understanding of market dynamics, the global Engineering Thermoplastics market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Engineering Thermoplastics Market Scenario:

This research report represents a 360-degree overview of the competitive landscape of the Engineering Thermoplastics Market. Furthermore, it offers massive data relating to recent trends, developments, tools, and methodologies. The research report analyzes the Engineering Thermoplastics Market in a detailed manner for better insights into the businesses.

Report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on latest industry news, threats, opportunities and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.

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Table of Contents:

-Engineering Thermoplastics Market Overview

-Economic Impact on Industry

-Market Competition by Manufacturers

-Production, Revenue (Value) by Region

-Supply (Production), Consumption, Export, Import by Regions

-Production, Revenue (Value), Price Trend by Type

-Market Analysis by Application

-Manufacturing Cost Analysis

-Business Chain, Sourcing Strategy and Downstream Buyers

-Marketing Strategy Analysis, Distributors/Traders

-Market Effect Factors Analysis

-Engineering Thermoplastics Market Forecast

In conclusion, Engineering Thermoplastics market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function a profitable guide for all the Engineering Thermoplastics Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research report from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization- The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

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