Report Ocean has recently published the “Engineering Plastics Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The world engineering plastics market accounted for $67 billion in 2015, and is forecast to reach $102 billion by 2022, with a CAGR of 6.4% from 2016 to 2022. Engineering plastics are polymers that can be used structurally, typically replacing metals, wood, glass, or ceramics. The nomenclature of these materials is due to their utility in various applications that require higher performance than commodity materials and engineering to design customized products. Automotive, electrical & electronics, and packaging are prominent end users of engineering plastics. Engineering plastics are applicable in coatings, composites, fiber optics, and surgical equipment.
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The increase in trend of vehicle weight reduction and improvement in fuel efficiency are expected to boost the adoption of engineering plastics. Moreover, metal replacement in the construction and electrical & electronics industries is estimated to drive the market growth. Furthermore, significant growth of the 3D printing and photovoltaic industry would increase the consumption of engineering plastics. However, fluctuations in price of crude oil, product commoditization, and regulatory challenges about CO2 emissions hamper the market growth.
The world engineering plastics market is segmented based on type, application, and geography. Based on type, it is divided into polyamide (PA), acrylonitrile-butadiene-styrene (ABS), thermoplastics polyesters (PBT), polycarbonate (PC), polyacetals (POM), fluoropolymers (PVDF/PTFE), and others (PEEK/PMMA/PPS). Based on application, the market is classified into automotive, electrical & electronics, packaging, and consumer & industrial.
The market is segmented on the basis of four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Emerging economies in Asia-Pacific and LAMEA regions offer lucrative potential for engineering plastics manufacturers. This is attributed to rapid urbanization, which fuels the growth of the automotive and construction industry and necessitates the need to address energy conservation and sustainability issues.
Leading companies in this market have proactively worked towards expansion as well as launch of new engineering plastics products. The major companies profiled in the report include:
BASF SE (Germany)
LG Chem (South Korea)
Sabic Innovative Plastics (Saudi Arabia)
Solvay SA (Belgium)
Evonik Industries AG (Germany)
Arkema SA (France)
E. I. du Pont de Nemours and Company (U.S.)
Royal DSM NV (Netherlands)
Lanxess AG (Germany)
Bayer AG (Germany)
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KEY MARKET BENEFITS
The report provides an extensive analysis of factors that drive or hamper the growth of the world engineering plastics market.
The market projections from 2014 to 2022 are provided along with their impacting factors.
The report also presents quantitative as well as qualitative trends to assist stakeholders to understand the market scenario.
In-depth analyses of the key market segments demonstrate the consumption pattern of engineering plastics for various applications in end-user industries.
Competitive intelligence highlights the business practices adopted by leading market players across various geographies.
KEY MARKET SEGMENTS
By Product
Polyamides
ABS
Thermoplastic Polyesters
Polycarbonates
Polyacetals
Fluoropolymers
Others
By End User
Packaging
Building & Construction
Electrical & Electronics
Automotive
Consumer Products
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
Germany
Spain
France
UK
Turkey
Russia
Others
Asia-Pacific
China
India
Japan
Others
LAMEA
Brazil
Argentina
Others
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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