Engineering Plastics Market Price Trends 2022: Global Industry Overview, Size, Share, Growth and Forecast Till 2027

Austin TX, United States: marketinsightsreports has evaluated the global Engineering Plastics market in its latest research report. The research study is a compilation of vivid, thorough, and accurate analysis on different areas of the global Engineering Plastics market. The researchers have made it a point to explore hidden advance opportunities and find key strategies of prominent players and the successes achieved with their implementation. The segmentation study provided in the report helps players to understand the growth trajectory of all important segments of the global Engineering Plastics market. The highly detailed cost analysis, sales study, and pricing structure analysis offered in the report will help players to make some powerful changes in the global Engineering Plastics market..

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Key Players Profiled in the report are: BASF, Covestro, Celanese Corporation, Dupont, Solvay, LG Chem, Sabic, Lanxess, Mitsubishi Engineering

The engineering plastics 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 (2022-2027).

Industry News:

In September 2021, Solvay had announced the installation completion of its new thermoplastic composites (TPC) manufacturing facility at its Greenville, South Carolina. The new manufacturing facility will helps the company to industrialise its TPC capacity.

Based on Type, the market primarily split into-

Acrylonitrile Butadiene Styrene (ABS)
Polyamide (PA)
Polycarbonate (PC)
Thermoplastic polyesters (PET/PBT)
Polyacetals (POM)
Fluoropolymers
Others

Based on Applications, the market primarily split into-  

Automotive & Transportation
Electrical & Electronics
Industrial & Machinery
Packaging
Consumer Appliances
Others

Engineering Plastics Market Regional Analysis Includes:

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. In China the automotive is one of the fastest-growing sectors , due to the rise in disposable income among the consumers and expanding automotive manufacturing facilities by manufacturers, such as Tesla and FAW-Volkswagen, among various other factors. The emerging electric vehicle industries expected to improve engineering plastics market in China.

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Global Engineering Plastics Market provides valuable insights such as: 

-Nature of the competition in Global Engineering Plastics Market

-Key segments with largest share in Global Engineering Plastics Market

-Emerging technologies that can pave way for product innovation

-Consumer purchasing trends related to the products and services in Global Engineering Plastics Market

-End-use industries expected to foster growth in the market

-Impact of COVID-19 pandemic on manufacturing and production cycles in the Engineering Plastics Market

-Region-specific policy frameworks and regulatory guidelines

-Unexplored geographical regions with lucrative opportunities for stakeholders in the market

Crucial Elements from the Table of Contents of Global Engineering Plastics Market:

Report Overview
Market Analysis by Types
Product Application Market
Manufacturers Profiles/Analysis
Market Performance for Companies
Regions Market Performance for Companies
Global COVID-19 Impact on Engineering Plastics Market Performance (Sales Point)
Development Trend for Regions (Sales Point)
Upstream Source, Technology and Cost
Channel Analysis
Consumer Analysis
Market Forecast 2022-2028
Conclusion

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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This release was published on openPR.