Engineering Plastics Market - Forecast(2018-2023)Posted by Venkatesh on November 6th, 2018 According to the new market research report by IndustryARC titled “Engineering Plastics Market By Type (ABS, PA, PC, POM, PMMA, PEEK, PET, PBT, Cast Nylon); By End-User (Aerospace, Building & Construction, Food, Mechanical, Medical, Others); By Application (CD/DVD, Medical Implants, Advanced Batteries, Shoes, Others); By Geography – Forecast Period (2018–2023),” the market will be driven by the replacement of metal parts by engineering plastics in various industries. Asia Pacific Dominates the Engineering Plastics Market Asia Pacific has the largest share in the Engineering Plastics Market due to the growing demand for engineering plastics by the end-user industries such as electrical & electronics, and automotive & transportation. The increase in the production of automotive parts in the region will bolster the market over the forecast period. China is the largest market for engineering plastics. The country’s engineering plastics market is primarily driven by the rapid growth of the automotive and transportation industry and the easy availability of feedstock. Selected Regulatory Analysis Done in theEngineering Plastics Market Report The automotive and transportation sector will dominate the Engineering Plastics Market over the forecast period. Engineering plastics are used in the automotive industry for applications in the wheel well, connectors and housing, under the hood components, headlamps, and fog lamps. The automotive sector growth rate is high in Asia-Pacific, particularly in China, India, Japan, and South Korea. The automotive and transportation market in these countries will drive the demand for engineering plastic products over the forecast period. To access/purchase the Engineering Plastics Market report, click the link below: Selected Driving Factors Mentioned in the Engineering Plastics Market Report • Growth of the end-user industries such as electrical, electronics, packaging, automotive, construction, and consumer appliances will drive the demand for engineering plastic products. • The easy availability of raw materials and low cost of production will boost the demand for engineering plastics. • The benefits of engineering plastics such as flame resistance, durability, chemical resistance, and wear resistance compared to commodity plastics will provide ample opportunities for the engineering plastics market. • Major investments by governments and companies in developing new technologies will propel the growth of the engineering plastics market. Key Players of the Engineering Plastics Market BASF SE, Covestro, and Celanese Corporation are the key players of the engineering plastics market. The Engineering Plastics Market Is Segmented as Indicated Below: The growing demand for electronic and electrical appliances will propel the growth of the engineering plastics market. A. Engineering Plastics Market –By Type B. Engineering Plastics Market – By Application C. Engineering Plastics Market – By End User D. Engineering Plastics Market – By Geography (33+ countries) More than 10 companies are profiled in this report G. Appendix: Abbreviations, Sources, Research Methodology, Bibliography, Compilation of Experts, Disclaimer. What can you expect from the report? The Engineering Plastics Market Report is prepared with the main agenda to cover the following 20 points: 1. Market Size by Product Categories Any other major customizations can be discussed with our team. We can also provide you with a separate quote based on your requirements. You can drop an e-mail to sales@industryarc.com to learn more about our consulting services. Media Contact Mr. Venkat Reddy About IndustryARC IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, and Life Sciences & Healthcare. Like it? Share it!More by this author |