Engineering plastics are known to be one step above commodity plastics due to the added benefits of superior mechanical and thermal properties. Market Research Future has released its report on the global engineering plastics market which observes growth for the global market during the forecast period which ends in 2022. Other benefits that engineering plastics offer include high abrasion resistance, high impact strength and resistance to wear and tear. These benefits act as a key driver of the global engineering plastics market.

Global Key Players and Competition Analysis

The key players of engineering plastic market are 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), and Mitsubishi Engineering-Plastics Corporation (Japan).

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Segmentation Analysis

By type, the global Engineering Plastic Market is segmented based on application, product and region. Based on the application, market is segmented into construction, automotive, consumer goals and electrical and electronics. Based on the product, market is segmented into polyamide, thermoplastic polyester. Based on the region, market is segmented into the north india, south india, east india.

Regional Analysis

The Asia Pacific is likely to gain traction as the most significant regional market in the global engineering plastics market and grow at a rapid pace. Large-scale industrialization and the region’s growing reputation as a manufacturing hub for electronics and automotive where engineering plastics are in high demand.

Market Scope

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 are manufactured for special applications due to which they are expensive.

Browse the market data and information spread across 111 pages with 27 data tables and 15 figures of the report “Engineering Plastic Market Research Report - Global Forecast to 2022” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/engineering-plastic-market-2161
Industry News

SABIC and Clariant AG are merging specific parts of their businesses to gain the upper hand on supplying high-performance materials such as engineering plastics

Lanxess is expanding operations to open a new plastics compounding facility at its existing site in Krefeld-Uerdingen in Germany. While the investment figures have not been revealed the move is expected to boost the company's position in the global plastics market.

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