According to Goldstein Research, global engineering plastic market is expected to reach USD 117.7 billion by 2024 from USD 68 Billion in 2016, growing at a CAGR of 7.1% over the forecast period through 2024. Rapid urbanization and technological development in the engineering to innovate the applications of plastics are bolstering the growth of engineering plastic market all across the globe. Engineering plastic market segmentation has been carried out on the basis of product type and end user. By product, ABS accounts for the largest market share in terms of revenue amongst all types of engineering plastics. By application, the automotive industry accounts for the largest market share due to rapid metal parts replacement.
 
Global engineering plastic market is dominated by Asia-Pacific owing to rapid industrialization, and thriving automotive and consumer industries in the region.
 
Market Segmentation
On the basis of our in-depth analysis, Global Engineering Plastic Market can be segmented as follows:
By Product Type
Acrylontirle Butadiene Styrene (ABS)
Polycarbonates (PC)
Polybutylene Terephthalate (PBT)
Polyamides (PA)
Polyoxymethylene (POM)
Others
By End User
Medical Devices
Automotive Industry
Building and Construction
Consumer Electronics
Packaging Industry
Industrial Products
Others (Robotics)
 By Region
North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
 
Request for Sample Report: Engineering Plastic Market Report Sample
 
“Global Engineering Plastic Market Outlook 2024” by Goldstein Market Intelligence contains detailed overview of the global engineering plastic market in terms of market segmentation by product type and end user.
 
Further, Global Engineering Plastic Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as BASF SE, Du Pont De Nemours and Co, Mitsubishi Engineering Plastics, Covestro, LG Chem, Laxness AG, Styrolution ABS, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
 
Overall, the report represents the global engineering plastic market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
 
The Report is Available at: https://www.goldsteinresearch.com/report/engineering-plastics-market-outlook-2024-global-opportunity-assessment-and-demand-analysis-market-forecast-2016-2024
 
About Goldstein Research
 
Based in the US, Goldstein Market Intelligence currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
 
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.
 
Our analysts working on chemicals industry trends reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.
 
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