Press release
2023 Engineering Plastics Market Size, Application, Material, Region And Growth Forecast To 2032
Engineering Plastics Market
As per the engineering plastics market report by The Business Research Company, the growth in the electronics and electrical industries is expected to propel the growth of the engineering plastics market going forward. The electronics industry produces consumer electronics, electrical equipment, and electrical components for a variety of products. Engineering plastics are used in the manufacturing of various electronic goods such as computers, communication equipment, switchgear, storage batteries, and switchboards.
The global engineering plastics market size grew from $96.04 billion in 2022 to $104.99 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The engineering plastics market size is expected to grow to $145.11 billion in 2027 at a CAGR of 8.4%.
Read More On The Engineering Plastics Market Report Here:
https://www.thebusinessresearchcompany.com/report/engineering-plastics-global-market-report
Major competitors in the engineering plastics market include Covestro AG, Du Pont de Nemours & Company, LG Chem Ltd., Evonik Industries AG, Mitsubishi Chemical Engineering Corporation, BASF SE, Celanese Corporation, Solvay S.A, Saudi Basic Industries Corporation, Lanxess AG, and E. I. du Pont de Nemours and Company
The engineering plastics market is segmented -
By Type: Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Thermoplastic Polyester, Polyacetal, Fluoropolymer, Other Types
By Performance Parameter: High Performance, Low Performance
By End-Use Industry: Automotive And Transportation, Consumer Appliances, Electrical And Electronics, Industrial And Machinery, Packaging, Other End-Use Industries
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the engineering plastics market.
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Engineering plastics are high-performance synthetic resins with high durability and heat resistance that have better mechanical and thermal properties. These resins are a class of plastic polymers that offer superior qualities over the more popular commodity plastics. The engineering plastics have the ability to withstand adverse mechanical and environmental conditions.
The Table Of Content For The Engineering plastics market Include:
1. Executive Summary
2. Engineering Plastics Market Characteristics
3. Engineering Plastics Market Trends And Strategies
4. Engineering Plastics Market - Macro Economic Scenario
5. Engineering Plastics Market Size And Growth
.......
26. Africa Engineering Plastics Market
27. Engineering Plastics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Engineering Plastics Market
29. Engineering Plastics Market Future Outlook and Potential Analysis
30. Appendix
The "Global Engineering plastics market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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