Engineering Plastics Market size was valued at US$ 99.42 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 7.2% from 2022 to 2029, reaching nearly US$ 173.39 Bn.
Engineering Plastics Market Overview
The market overview of the Engineering Plastics Market industry reveals a comprehensive analysis of its intricate dynamics. The report presents global, regional, and national market revenue forecasts, emphasizing segment and region-wise sales projections. Notably, the report highlights the intense rivalry within the industry, making it a must-read for industry players seeking to stay ahead of the competition.
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Engineering Plastics Market Report Scope and Research Methodology
The analysis of the Engineering Plastics market utilized both primary and secondary research methods. Primary research involved the direct collection of data from the market through surveys, interviews, and observations. Secondary research involved the collection of data from published sources, such as industry reports, company websites, and news articles.
The report also included an extensive, market-oriented, and commercial analysis of the Engineering Plastics Market, utilizing a variety of research techniques. The analysis covered various aspects of the market, including region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The growth prospects and future business outlooks of new entrants and existing players in the Engineering Plastics market were also researched.
The analysis provides a guide for stakeholders, investors, market players, followers, and new entrants with an overall view of the Engineering Plastics market. This guide can be used to formulate investment approaches and marketing tactics. The report used a bottom-up approach to estimate the Engineering Plastics market size by aggregating data from individual segments to arrive at a total market size estimate.
Engineering Plastics Market Regional Insights
The report provides a comprehensive analysis of growth drivers, constraints, future prospects, and competitive landscape across all regions. The market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa, and the report includes forecasts for each individual region.
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Engineering Plastics Market Segmentation
Engineering plastics are used extensively in the automotive industry for motor trains, chassis, electrical parts, and interior and external décor. It is used in many different parts of cars, including dashboards, bumpers, seats, body panels, fuel systems, interior trim, under-bonnet parts, lights, exterior trim, liquid reservoirs, and upholstery.
An increase in demand for lightweight engineering plastic is anticipated to boost market growth in the industry under consideration because of current environmental and financial concerns. Modern plastic materials are being added to automobiles by automakers to lighten and increase the fuel efficiency of their designs. A recent study found that every 10% decrease in vehicle weight causes a 6–8% decrease in fuel consumption.
Engineering Plastics Market Key Players
• Asahi Kasei Corporation
• BASF SE
• Celanese Corporation
• Covestro
• DSM N.V.
• Dupont
• Lanxess
• LG Chem.
• Mitsubishi Engineering-Plastics Corporation
• Saudi Basic Industries Corporation (Sabic)
• Solvay SA
• Teijin
• Toray
• Victrex Plc.
• Ashland
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Key questions answered in the Engineering Plastics Market are:
- What is Engineering Plastics?
- What are the factors driving the Engineering Plastics Market growth?
- What are the main challenges the Engineering Plastics Market growth?
- What was the Engineering Plastics market size in 2021?
- Which trends are expected to generate additional revenue for the Engineering Plastics market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Engineering Plastics Market?
- What growth strategies are the players considering to increase their foothold in the Engineering Plastics Market?
- Who held the largest market share in the Engineering Plastics Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Table Of Content:
1. Engineering Plastics Market: Research Methodology
2. Engineering Plastics Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to the Engineering Plastics Market
2.2. Summary
2.1.1. Key Findings
2.1.2. Recommendations for Investors
2.1.3. Recommendations for Market Leaders
2.1.4. Recommendations for New Market Entry
3. Engineering Plastics Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 MA by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
4. Engineering Plastics Market Segmentation
4.1 Engineering Plastics Market, by Type (2022-2029)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyamide (PA)
• Polycarbonate (PC)
• Thermoplastic polyesters (PET/PBT)
• Polyacetals (POM)
• Fluoropolymers
• PEEK
• Polyphenylene Sulfide
• Polyphenylene Oxide
• PMMA
• Others
4.2 Engineering Plastics Market, by End-Use Industry (2022-2029)
• Automotive transportation
• Electrical electronics
• Industrial machinery
• Packaging
• Consumer appliances
• Medical
• Others
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