Market Research Future published a research report on "Global Engineering Plastic Market Research Report - Global Forecast to 2022" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Engineering plastics are group of plastic material which has better mechanical and thermal properties. The group of plastic such as polystyrene, PVC, polypropylene and polyethylene are used as engineering plastic. These materials have special properties such as higher impact strength, high abrasion, wear and fatigue resistance. Engineering plastic is manufactured for special applications due to which they are expensive.
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On the basis of product, Acrylonitrile Butadiene Styrene (ABS) is dominating the engineering plastic market since they it largely consumed due to its various properties such as high impact, mechanical potency, and high temperature resistance. Acrylonitrile provides chemical resistance, heat stability and ease of processing. Butadiene provides strength and toughness. On the basis of application, automotive segment has the largest market share in the engineering plastic market. They are mostly used in automotive & transportation industry as connectors, wheel well lighting component such as headlamp, fog lamps, among others. Asia-Pacific is expected to account for the largest market share for the forecast period.
Key Players
- BASF SE (Germany),
- Covestro (Germany),
- Solvay S. A. (Belgium),
- Celanese Corporation (U.S.),
- E. I. du Pont de Nemours and Company (U.S.),
- LG Chem Ltd. (South Korea),
- Saudi Basic Industries Corporation (Saudi Arabia),
- Evonik Industries AG (Germany),
- Lanxess AG (Germany),
- Mitsubishi Engineering-Plastics Corporation (Japan).
Study Objectives of engineering plastic Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Engineering plastic Market
- To provide insights about factors affecting the market growth
- To Analyse the Global Engineering plastic Market based on various factors such as supply chain analysis, and Porter's five force analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by product, by application and by region.
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Engineering plastic Market.
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Regional Analysis of engineering plastic Market
The engineering plastic market can be geographically segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). Asia-Pacific is expected to dominate the global engineering plastic market due to highest demand in the region. Rapid industrialization, growing demand by industries such as chemicals, power generation, automobile, and packaging, has led to the growing demand for engineering plastic.
Intended Audience
- Engineering Plastic manufacturers
- Distributer & Supplier companies
- End Users
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities