Global Engineering Plastics Market Proposals & Trends Leading to 7.14% CAGR Growth during 2017-2021

In the current market scenario, the requirement for engineering plastics is spread across different applications from the field of automobile and transportation, electrical and electronics etc. The striking features of engineering plastics are considered as the noticeable reason for their popularity. To study more about its advantages and market reach, a new study has been added to the wide database managed by Market Research Hub (MRH). This research report titled “Global Engineering Plastics Market 2017-2021”, aims to educate the readers about the current market status along with growth prospects of the global engineering plastics market 2017-2021.

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It is important to know that, engineering plastics possess features such as greater impact strength, lightweight, abrasion resistance, temperature resistance above 212F and high strain. All such facets make engineering plastics quite popular across several other sectors such as packing, appliances, and consumer goods. As per key research findings, it is anticipated the global engineering plastics market would grow at a CAGR of 7.14% during the forecast period.

Firstly, the research report discusses the executive summary and scope along with research methodology. Further, the research report talks about the market overview and market landscape to inform the readers about the motive of this evaluation. Factors such as market size and forecast combined with five force analysis are available to understand the competitive landscape in-depth. Geographically, the global market for engineering plastics is bifurcated into the Americas, APAC Europe and Rest of the World.

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As the report proceeds, market segmentation based on type is also presented in this smart study. The prime segments include ABS, PA, PC and fluoropolymer. Further, the drivers and challenges are also incorporated in the study. According to research findings, demand for replacements of metals and fiber glass is seen as a primary market driver. Moreover, degenerative properties of ABS are expected to pose a challenge for the engineering plastics market on the global scale. This section comprises a brief study of the market trends such as increasing capacity expansions, growing importance for bio-based engineering plastics and increasing demand from APAC. The final section of the report deals with the vendor landscape enclosing competitive scenario. The major players from the engineering plastics market are BASF, Evonik Industries, LG Chem, SABIC, Solvay. Few other prominent vendors mentioned in the report are Arkema, Covestro, Celanese, LANXESS and DuPont. Overall, this research study acts as a window to allow new entrants to take a preview of the actual market conditions.

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