Alexa
  • Directory of Taiwan

Engineering Plastics Market Size 2021 | Opportunities By Industry Share, Statistics, Covid-19 Impact Analysis 2030

United State- 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.

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.

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=31663

A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries. resulting in a large market for Engineering Plastics Market .

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:

Get a Sample Report:https://reportocean.com/industry-verticals/sample-request?report_id=31663

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)

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

Request full Report-

https://reportocean.com/industry-verticals/sample-request?report_id=31663

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

Table of Content:

  • Market Definition and Overview
  • Research Method and Logic
  • Market Competition Analysis
  • Product and Service Analysis
  • Strategies for Company to Deal with the Impact of COVID-19
  • Market Segment by Type, Historical Data and Market Forecasts
  • Market Segment by Application, Historical Data and Market Forecasts
  • Market by by Region, Historical Data and Market Forecasts
  • Market Dynamic Analysis and Development Suggestions

Key Questions Answered in the Market Report

● What is the worldwide (North America, Europe, Asia-Pacific, South America, Middle East and Africa) deals esteem, creation esteem, utilization worth, import and commodity of Market?

● Who are the worldwide key makers of the Market Industry? How is what is happening (limit, creation, deals, value, cost, gross, and income)?

● How the opposition goes later on connected with Market?

● Which is the most driving country on the planet?

● What is the Market open doors and dangers looked by the merchants in the worldwide Market Industry?

● Which application/end-client or item type might look for steady development possibilities? What is the portion of the overall industry of each sort and application?

● What cantered approach and imperatives are holding the Market?

● What are the various deals, advertising, and dissemination directing in the overall business?

● What are the upstream unrefined substances and assembling hardware of Market alongside the assembling system of Acetonitrile?

● What are the key market patterns affecting the development of the Market?

● Monetary effect on the Market business and advancement pattern of the Market business.

● What is the market potential open doors, market hazard, and market outline of the Market?

● What are the key drivers, restrictions, open doors, and difficulties of the Market, and what they are supposed to mean for the market?

● What is the Market size at the provincial and nation level?

● How would you track down your ideal interest group?

Inquire or Share Your Questions If Any Before the Purchasing This Report – https://reportocean.com/industry-verticals/sample-request?report_id=31663

About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.

Get in Touch with Us:
Report Ocean:
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com