Engineering Plastic Market 2019 | Trends, Top Manufactures, Dynamics, Industry Growth Analysis & Forecast 2022

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Engineering Plastic Market Research Report -
Forecast to 2022
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2022
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Engineering Plastic Market Research Report-
Forecast to 2022
Engineering Plastic Market - Overview
Engineering plastics are group of plastic
material such as polystyrene, PVC, polypropylene
and polyethylene and others. These materials have
superior properties such as higher impact
strength, high abrasion, wear and fatigue
resistance. It has better mechanical and thermal
properties. Engineering Plastics are expensive
and are manufactured for special purpose
applications only. These are usually
thermoplastic materials. Hence these materials
can be easily processed with conventional plastic
processing machinery. According to a recent study
report published by the Market Research Future,
the global market of
engineering plastic is
booming and expected to gain prominence over the
forecast period. The Global Engineering Plastic
Market is forecasted to demonstrate an
exponential growth by 2023, surpassing its
previous growth records in terms of value with a
whooping, CAGR during the estimated period (2017
2023). High growth in automotive industry is
the major factor driving the growth of the
market. It has the slightly similar properties to
metals and in light weight. Hence, these
materials have been largly substituting some
metal components in auto as well as industrial
machineries and help in weight reduction.
Additionally, high demand for electronics and
electrical appliances among the consumers also
fuelling the growth of the market. However,
higher cost, fluctuating price of crude oil and
regulatory challenges regarding CO2 emissions are
some factors may hamper the growth of the market.
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Engineering Plastic Market Research Report-
Forecast to 2022
Segmental Analysis
On the basis of Product, market is segmented
into Polyamide, Acrylonitrile Butadiene Styrene,
Thermoplastics Polyesters, Polycarbonate and
Others. Acrylonitrile-Butadiene-Styrene is
dominating product segment of the Engineering
Plastic Market. Based on Application segment
the market is segmented into Construction,
Electrical Electronics, Automotive, Consumer
Goods, and Others. Automotive segment dominates
application segment of the market. Engineering
Plastic material are widely used in the
automotive transportation industry for
applications such as connectors housing,
under-the-hood components, wheel well, lighting
components. Segmentation by Regions Comprises
Geographical regions - North America, Europe,
Asia Pacific and Rest of the World. View Full
Press Release _at_ https//www.marketresearchfuture.c
om/reports/engineering-plastic-market-2161
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Engineering Plastic Market Research Report-
Forecast to 2022
Regional Outlook
Asia Pacific region dominates the Global
Engineering Plastic Market. Rapid
industrialization, and urbanization is the major
factor driving the growth of the market.
Additionally, growing demand from end use
industries like petrochemicals, power generation,
automobile manufacturing, packaging, electrical
electronics, and so on, and the increasing
government spending in infrastructure activities
are also fuelling the growth of the market in
region. China, India, and Japan are the major
market in the region. China is expected to
account for the largest share in the Asia-Pacific
region whereas India is expected to register the
fastest growth in the Engineering Plastics
Market, during the forecast period. North
America is another major market for the
Engineering Plastic. It is expected to contribute
significantly during the forecast period.
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Engineering Plastic Market Research Report-
Forecast to 2022
Major Players in this Research

• Engineering Plastic Market Prominent Players
• 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)
• Mitsubishi Engineering-Plastics Corporation
  (Japan).

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