Global Engineering Plastic Compounds Market, By Type (Polycarbonate, Polyamide, ABS, PET & PBT, POM, Fluoropolymers, Others), End-Use Industry (Automotive and Transport, Electrical and Electronics, Industrial and Machinery, Packaging, Consumer Appliances), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Engineering Plastic Compounds Market
The engineering plastic compounds market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 4995.4 million by 2028 and to grow at a CAGR of 2.5% in the above-mentioned forecast period.
Engineering plastics are basically blended with additives and fillers such as antioxidants, blowing agents, colorants, antistatic agents, coupling agents, curing agents, heat stabilizers, UV stabilizers, flame retardants, or nucleating agents and subset of thermoplastics that are used in high-performance applications.
The factors such as increase in demand for pollution-free vehicles and light-weight automobiles are the root cause fueling up the engineering plastic compounds market growth rate. The engineering plastic compounds possess favorable characteristics to meet the needs of industries and have a wide range of applications, is other indirect determinant which will also foster the engineering plastic compounds market growth rate. However, competition from substitutes is expected to derail growth of the engineering plastic compounds market.
The growing popularity of electric vehicles further offer a variety of growth opportunities for the market. The lengthy and exhaustive process for manufacturing of engineering plastics will further pose as a major challenge to the growth of the engineering plastic compounds market.
This engineering plastic compounds market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on engineering plastic compounds market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Engineering Plastic Compounds Market Scope and Market Size
The engineering plastic compounds market is segmented on the basis of type and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the engineering plastic compounds market is segmented into polycarbonate, polyamide, ABS, PET & PBT, POM, fluoropolymers and others.
- On the basis of end-user, the market is segmented into automotive and transport, electrical and electronics, industrial and machinery, packaging and consumer appliances.
Engineering Plastic Compounds Market Country Level Analysis
The engineering plastic compounds market is segmented on the basis of type and end-use industry.
The countries covered in the engineering plastic compounds market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific is estimated to dominate the engineering plastic compounds market owing to the rapid industrialization and high consumption of engineering plastic compounds in the region especially in china. North America will continue to however show lucrative growth within the forecast period owing to the rising demand for engineering plastic compounds by various end user industries within the region.
The country section of the engineering plastic compounds market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Engineering Plastic Compounds Market Share Analysis
The engineering plastic compounds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to engineering plastic compounds market.
The major players covered in the engineering plastic compounds market report are Grand Pacific Petrochemical Corporation, INEOS, LG Chem, Mitsubishi Engineering-Plastics Corporation, RTP Company, Covestro AG, Celanese Corporation, BASF SE, Asahi Kasei Corporation, Wittenburg Group, Trinseo, Piper Plastics Corp, Ashland, Arkema, A. Schulman, Inc., AdvanSix, Asahi Kasei Corporation, , LANXESS, Chi Mei Corporation, Chevron Phillips Chemical Company, Daicel Corporation., 3M, Evonik Industries AG, NOVA Chemicals Corporation, PolyOne Corporation, Eastman Chemical Company, Polyplastics Co., Ltd., Röchling Group, DSM, SABIC, Solvay, TEIJIN LIMITED, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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