Engineering Plastics Market Research Report, Share, and Forecast to 2025Posted by rekha on November 18th, 2019 “The Global Engineering Plastics Market growing at a significant CAGR over next seven years 2019-2025 due to expansion in the automotive industry” The global engineering plastics market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Some of the key factors fostering the market growth include the growth of small and medium enterprises in emerging economies, growth in end-use industries, rising popularity of bio-based pet, growing purchasing power in developing economies and the progress and the expansion in the automotive industry. However, lack of institutional arrangements and competition from other polymers are the major factors hindering the market growth. Global engineering plastics market segmented on the basis of type, application and region. For request sample : https://www.precisionbusinessinsights.com/request-sample?product_id=37970 Polyamides dominate the Global Engineering Plastics Market Based on type, global engineering plastics market segmented into polyamides, ABS, thermoplastic, polyesters, polycarbonates , polyacetals, fluoropolymers and others. Polyamides held considerable market growth during estimated period. Polyamide (PA) is a polymer which comprises recurrent amide groups as integral parts of the main polymer chain.Polyamides are thermoplastics used primarily as hot-melt adhesives that bond well to porous surfaces and have excellent flexibility at low temperatures.The polyamides are synthesized by the condensation polymerization of diamino compounds with dicarboxylic acids or esters. Naturally occurring fatty acids such as linoleic acid, or their derivatives, are often reacted with diamines to yield a series of liquid resins. Asia Pacific Leads the Global Engineering Plastics market PBI’s global engineering plastics market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis.Asia Pacific accounted for larger revenue share in global engineering plastics market with considerable CAGR. Asia Pacific is anticipated to witness considerable growth in this market due to increasing investments in the emerging markets, huge base of automobile manufacturers and presence of electrical and electronics manufacturers. In addition, Europe held substantial market during estimated period owing innovation and technological advancement to develop new products and stringent emission and safety rules imposed by the European Union which forced companies to invest heavily in research and development.
Strategic Expansions are the key strategies adopted by market players Global engineering plastics market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, in 2017, BASF expanded its business by opening a new Ultramid polymerization plant in Shanghai, China. Key player’s profiles in the report are BASF (Germany), Covestro (Germany), Solvay SA (Belgium), Celanese (US), DowDuPont (US), LG Chem (South Korea), SABIC (Saudi Arabia), Evonik Industries (Germany), Lanxess (Germany) and Mitsubishi Engineering Plastics (Japan). Precision Business Insights (PBI) in its report titled “Global Engineering Plastics Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market. Detailed Segmentation
By Type o Polyamides o ABS o Thermoplastic Polyesters o Polycarbonates o Polyacetals o Fluoropolymers o Others By Application o Packaging o Building & Construction o Electrical & Electronics o Automotive o Consumer Products o Others o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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