Middle-East and Africa Engineering Plastics Market 2022 Strategic Assessment- 3M, Arkema SA, Ashland Inc., BASF SE, Celanese Corporation, Chemtura Corporation, Chevron Phillips Chemical

The market research report on “Middle-East and Africa Engineering Plastics Market 2022” provides meticulous analysis for changing competitive dynamics and a dynamic perspective on different factors driving or restraining industry growth. The Middle-East and Africa Engineering Plastics industry report provides necessary and auxiliary data which is represented in pie-charts, tables, systematic overview, and product diagrams. The Middle-East and Africa Engineering Plastics Report also determine the market conditions including the product price, specification, research methodologies, financial and technical details which will help to expand the market operations. The Market research report provides the latest industry data and industry future trends, allowing to identify the products and end users driving revenue growth and profitability.              

The market for Middle-East and Africa Engineering Plastics is expected to grow at a CAGR of more than 5% during the forecast period.

The Middle-East and Africa Engineering Plastics market is highly competitive and consists of a number of major players. Companies like 3M, Arkema SA, Ashland Inc., BASF SE, Celanese Corporation, Chemtura Corporation, Chevron Phillips Chemical, Covestro AG, DuPont, Eastman Chemical Company, Evon-ik Industries AG, LANXESS, LG Chem, Lyondellbasell, Nova Chemicals Corporation, PolyOne Corporation, SABIC, Solvay Amongst Others.

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Plastics basically fall into two categories: thermosetting resin and thermoplastic resin. Thermoplastic resin is further classified into general purpose plastics and engineering plastics. Engineering plastics are classified as thermoplastic resin that can withstand heat of over 100ûC. Even more heat-resistant thermoplastic resins able to be used for a long period in heat of over 150ûC are called Òsuper engineering plastics.Ó
Super engineering plastics are at the highest end of the spectrum, generally with very high strength and thermal resistance. They are used in high temperature, high stress applications, in harsh environments, and low to medium volume production.
The market is fragmented. Top 5 companies accounted for 28.21% market share.

Key Developments:

Arkema acquires ashland performance adhesives

An agreement was signed today for the acquisition of Ashland’s Performance Adhesives business, a first-class leader in high performance adhesives for industrial applications in the United States with a unique and innovative product portfolio.

Market Segmentation:

Segment by Type, the Super Engineering Plastics market is segmented into
Polyphenylene Sulfide (PPS)
Polyimide (PI)
Polysulfone (PSU)
Liquid-Crystal Polymer (LCP)
Polyetheretherket-one (PEEK)
Others
Segment by Downstream Industry, the Super Engineering Plastics market is segmented into
Automotive
Electrical and Electronic
Aerospace & Defense
Machinery & Equipment
Medical Devices
Other

Key Market Trends:

Polyethylene Terephthalate (PET): The Most Used Engineering Plastic
- Polyethylene terephthalate (PET) is a thermoplastic polyester engineering resin. PET resins are known for their excellent melt flow characteristics, close molding tolerances, and high productivity from multi-cavity molds. Due to its broad mechanical and electrical properties, PET is often used to replace metals in motor housings, switches, sensors, and other electrical applications.
- PET and polyolefins are the most widely used materials in the plastic packaging industry. Some of the major properties of PET as a packaging material are recyclability, strength, and versatility, which drive the demand for these products.
- These products mainly include take-out containers, frozen foods, carbonated drinks and juices, ketchup, bottled water, jars, and baked good containers. They are also used in the food industry for clamshells, deli containers, as well as microwave food trays.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a  and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools:  Middle-East and Africa Engineering Plastics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Finally, Middle-East and Africa Engineering Plastics Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Key points in this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

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