According to a market study conducted by Goldstein Research, Global engineering plastics market was worth USD 68 Billion in 2016 and is expected to bolster the market at a CAGR of 7.1% during the forecast period by reach the valuation of USD 117.7 billion by 2024. Rapid urbanization, infrastructure development, advancements in the traditional sectors of automobiles, building and construction, business machines, electrical & electronics, household appliances Renato Sanches Trikot Bayern München , telecommunications and transportation and increased income levels across various end-user segments are bolstering the growth of engineering plastic market all across the globe.
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Market Segmentation 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 Geography North America (US, Canada) {Market Share (%), Market Size (USD Billion), Production (Tons)} Europe (UK, France, Italy, Germany, Spain Joshua Kimmich Trikot Bayern München , Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Production (Tons)} Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%) Kingsley Coman Trikot Bayern München , Market Size (USD Billion), Production (Tons)} Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Production (Tons)} Asia Pacific (China, Japan, India, Singapore David Alaba Trikot Bayern München , South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Production (Tons)} Rest of the World {Market Share (%), Market Size (USD Billion), Production (Tons)}
Geographically, Asia Pacific holds the largest engineering plastics market share Sven Ulreich Trikot Bayern München , owing to rapid industrialization, and thriving automotive and consumer industries in the region.
Based on material type, polycarbonate material provides durability, strength, weightlessness and scratch resistant luggage. Thus, luggage industry happens to be major end user of polycarbonate material. The rising number of travellers is another impacting factor in the growth of the global polycarbonate luggage market. In 2017, the total number of international travellers was doubled since 2015, influencing the total sales of polycarbonate luggage.
By application Thomas Muller Trikot Bayern München , the automotive industry accounts for the largest market share due to rapid metal parts replacement on the back of automotive aftermarket industry.
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鈥淕lobal Engineering Plastic Market Industry 2024鈥?contains detailed overview of the global engineering plastic market in terms of market segmentation by product type and end user.
Further, for the in-depth analysis, engineering plastic market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter鈥檚 five force model and SWOT analysis.
Global engineering plastic market report also provides competitive outlook for some of the major players which includes profiling of companies such as BASF SE Corentin Tolisso Trikot Bayern München , 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 Serge Gnabry Trikot Bayern München , 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 comprehensive synopsis on the global engineering plastic market trends that will help industry consultants, equipment manufacturers, 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.
About Goldstein
Goldstein Research is a leading market research and advisory firm in USA Leon Goretzka Trikot Bayern München , 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鈥?overview.
Our analysts working on chemicals indutry trends helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients鈥?needs and business agenda.