The increasing trend for lightweight vehicles, increasing demand for connected vehicles and growing awareness about the reduction of vehicular emissions are driving the engineering plastics market in the automotive & transportation end-use industry.
The Engineering Plastics market to grow from USD 80.70 billion in 2018 to USD 115.10 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period.
By end-use industry automotive & transportation – the largest end-use industry of engineering plastics”
Automotive & transportation is estimated to be the largest end-use industry of engineering plastics. It is projected to be the largest end-use industry, owing to the increased awareness for reducing vehicle weight and improving fuel efficiency. Engineering plastics are used in automotive interior, exterior, under the hood applications, and powertrain. The easy process ability of engineering plastics is further increasing its demand in the automotive industry.
The global Engineering Plastics market is expected to rise with an impressive CAGR and generate the highest revenue by 2027. Zion Market Research in its latest report published this information. The report is titled Engineering Plastics Market “. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
The Report Lists the Key Companies in the Engineering Plastics Market:
Sabic Innovative Plastics US LLC., BASF SE, Ticona Engineering Polymers, Bayer Materialscience, Teijin Limited, and Chi Mei Corporation.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Engineering Plastics market trends. The report is available for sale on the company website.
Further, the report acknowledges that in these growing and promptly enhancing market circumstances, the most recent advertising and marketing details are very important to determine the performance in the forecast period and make essential choices for profitability and growth of the Engineering Plastics. In addition, the report encompasses an array of factors that impact the growth of the Engineering Plastics in the forecast period. Further, this specific analysis also determines the impact on the individual segments of the market.
Product Types: Electrical & Electronics, Consumer Products, Packaging, Automotive, Building & Construction, And Others
On the Basis of Application: Fluoropolymers, Thermoplastic Polyesters, Polyamides, Polyacetals, Acrylonitrile Butadiene Styrene, Polycarbonates, And Others
FREE : Request Sample is Available @ https://www.zionmarketresearch.com/sample/engineering-plastics-market
Regional Analysis for Engineering Plastics Market :
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Engineering Plastics Market :
4.Key Engineering Plastics Market Insights
5.Global Market Analysis, Insights and Forecast, 2015-2027
6.North America Market Analysis, Insights and Forecast, 2015-2027
7.Europe Market Analysis, Insights and Forecast, 2015-2027
8.Asia Pacific Market Analysis, Insights and Forecast, 2015-2027
9.The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027
10.Latin America Market Analysis, Insights and Forecast, 2015-2027
12.Global Engineering Plastics Market Revenue Share Analysis, By Key Players, 2021
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