Engineering Plastics Market Insights To 2027: Leading Players Covestro, Solvay, Celanese Corporation, LANXESS, SABIC

The report aims to provide an overview of global market with detailed market segmentation by type, end user and geography. The global engineering plastics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading engineering plastics market players and offers key trends and opportunities in the market.

Engineering plastics are advanced polymer composites that can be used in higher requirements in thermal resistance and mechanical strength. These plastics can be used at higher temperature between100°C to 150°C therefore, also known as technical thermoplastics. The engineering plastics can effectively replace the ceramics and metals in many cases. The characteristics of engineering plastics are include excellent machinability & dimensional stability, good mechanical characteristics and good chemical resistance & wear resistance. The engineering plastics covered the application area that include, aerospace & automotive structural applications and in electronic packaging.

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The engineering plastics market is anticipated to grow with a significant rate in the coming years, due to growing end-use industries and the replacement of traditional materials such as metals and ceramics. However, the high strength and lightweight properties make engineering plastics suitable for use in many industrial applications, which can be anticipated to offer more growth opportunities for the players operating in the engineering plastics market.

The key players operating in the engineering plastics market include, Covestro AG, BASF SE, Solvay, Celanese Corporation, LG Chem., LANXESS, SABIC, DowDuPont, Mitsubishi Engineering-Plastics Corporation, and Evonik Industries AG among others.

North America is expected to contribute to the largest share in the engineering plastics market in the coming years, increasing automotive production in the major economies in the region. However, Asia Pacific is expected to witness significant growth in the market during the forecast period, owing to the growing demand for engineering plastics in the consumer appliances, automotive & transportation industry, industrial & machinery, packaging, and electrical & electronics in the region.

The report analyzes factors affecting engineering plastics market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the engineering plastics market in these regions.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global engineering plastics market based on type and end user. It also provides market size and forecast till 2027 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The engineering plastics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.