Engineering plastics market size, share and growth analysis. The ep industry global size is 6 million ton, growing at a cagr of 5%. Manufacturers place an spi code, or number, on each plastic product, usually moulded into the bottom. The report engineering plastics market by type polycarbonate, polyamide. Engineering plastics market revenues to increase at 7. Sep 20, 2016 future market insights delivers key insights on the global engineering plastics market in an upcoming research publication titled, engineering plastics market. These are then used, also internally, for injection moulding, profile extrusion or the extrusion of semifinished products such as rods, plates or tubes.
In terms of value, asiapacific was the largest market of. Besides equalling or surpassing them in weightstrength and other properties, engineering plastics are much easier to manufacture, especially in complicated shapes. Engineering plastic market 2020industry analysis, size. The growth is largely fuelled by engineering plastic rapidly replacing traditional plastics and other materials in several applications, growing popularity of biopet, and an increase in the purchasing power in developing economies. Biz are imparting particular examine of global engineering plastics market revenue and volume, trends, application, enduser, and regional analysis, importexport analysis, industry. The growing market for automobiles in these countries is a strong driver for the engineering plastics market. Plasticseurope market research group pemrg consultic marketing. Engineering plastics, a segment of the plastic industry, are used in applications that require high performance with respect to thermal stability, chemical stability, impact resistance, mechanical strength, and dimensional. Acrylonitrile butadiene styrene abs, the leading type of engineering plastics acrylonitrile butadiene styrene abs has the largest consumption among all engineering plastics.
Some of the application of engineering plastic are electrical and electronics, building and construction, consumer goods and appliances, and other industrial applications such as corrosionresistant liners and abrasionresistant. Different types of plastics and their classification the society of the plastics industry spi established a classification system in 1988 to allow consumers and recyclers to identify different types of plastic. Engineering plastics market by type, application global. The growth in the global market is being propelled by emergence of substitutes for conventional materials in the form of engineering plastics in enduse applications, positive growth in enduse industries, growing demand for polyamides in 3d printing and increasing demand for engineering. Feb 04, 2020 the expresswire global engineering plastic market 2020 industry research report is a professional. All of these groups are represented in the plastics pyramid diagram. Engineering plastics market 20202029 trending pdf in. Engineering plastics market size, market share, market. Pa66 engineering plastics market supply, consumption, cost. The global engineering plastics industry 2020 market research report is spread over more than 100 pages and provides exclusive vital statistics, market trends and competitive landscape details in this niche sector.
The global plastics market size was valued at usd 568. Global and india engineering plastics market snapshot. Global industry analysis and opportunity assessment, 2016 2026. The north american market for plastics compounding bcc research. Applications and markets by volume in pounds or value in dollars are estimated for the years 2016 and 2017 and a fiveyear forecast to 2022. Rise in population and increase in disposable income of people in emerging economies are key factors driving the global automotive engineering plastics market. Prnewswire the market size for engineering plastics was estimated at 14,259 kilotons in 2014. Future trends and developments in engineering plastics.
The market for engineering plastics is expected to register a cagr of over 5% in terms of revenue, during the forecast period. Moreover, lightweight automotive parts are highly durable and are scratch resistance. Engineering plastics market size, share industry report, 2024. Global engineering plastics market to register a cagr of 7. Engineering plastics market in india opportunities and. Can maint ain mechanical and dimensional stability above 100 oc and below 0oc. The global 3d printing plastics market is estimated to reach usd 1. Super engineering plastics market by type, size, share and. Nylon, abs, and polycarbonate will remain the three largest engineering plastics by volume, with nylon the fastest growing of the three.
It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. Engineering plastics market by type, enduse industry covid19. Basf, evonik industries, lg chem, sabic, and solvay. The apej market is likely to emerge as the most attractive market in the global engineering plastics market by the end of 2026, accounting for nearly 40. Engineering plastics market size, share and growth. Engineering plastics are widely used across various manufacturing industries that require high performance with respect to chemical stability, impact resistance, durability, and thermal and dimensional stability. Demand for engineering plastics in the us is expected to rise 2. Engineering thermoplastics michigan state university. The engineering plastics market is carefully researched in the report, mainly focusing on top players and their business strategies, geographic expansion, competitive landscape.
Engineering plastics market is estimated at usd 80. The plastics compounding market is segmented by each of the above resins and by each of the three plastics compounding groups. Around 10 %of the globally demanded plastics are engineering plastics. Engineering plastics market by type, enduse industry. Engineering plastics market growth, trends, and forecast. Pa66 engineering plastics market research report 2020. Thilo bischoff vice president product management basf performance materials europe. Engineering plastics market global industry analysis, size and. Increasing plastic consumption in the construction, automotive, and electrical and electronics industries is projected to support market growth over the forecast period. More than 350 billion euros the european plastic industry had a turnover of 355 billion euros in 2017 turnover close to 60,000 companies an industry in which close to 60,000 companies operate, most of them smes companies over 1. As market penetration increased, people started to look for ways to reduce the cost of the plastic materials and for ways to extend the property spectrum, to allow plastics entry into new. Engineering plastics global industry report plimsoll publishings engineering plastics global analysis provides a detailed overview of the engineering plastics global market and delivers a comprehensive individual analysis on the top 220 companies, including toray industries inc, indorama ventures public company limited and celanese corporation.
Engineering plastics market sales size share forecast 2027. This study offers a comprehensive, 360 degree analysis on the engineering plastics market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. April, 2020 published via wired release if you want to know more about engineering plastics market studies, then you definitely are at the right place. Engineering thermoplastics definition engineering plastics defined as materials which can be used stru cturally, typically replacing metals, wood, glass, or ceramics. The global engineering plastics market is expected to witness strong growth, during the forecast period. Integrated manufacturers dominate ep supply across global regions. Engineering plastics market by product type polyamide, acrylonitrilebutadiene styrene, thermoplastics polyesters, polycarbonate, polyacetals. Thermoplastics market growth, trends, and forecast 2020 2025 the market is segmented by product type commodity thermoplastics, engineering thermoplastics, highperformance engineering thermoplastics, and other product types, enduser industry packaging, building and construction, automotive and transportation, electrical and electronics, sports and leisure, furniture and bedding. The global engineering plastics market is projected to register a healthy cagr of 7. As well as depicting the distinctions explained above, the pyramid also illustrates the relative manufactured quantities of the different product groups in descending order to the tip of the pyramid. Engineering plastics market prophecy market insights.
Plasticseuropes market research and statistics group pemrg provided input on the production and. Automotive engineering plastics market global industry. Engineering plastics market size, share and growth analysis by 2022. Engineering plastics standard plastics longterm service temperature. Engineering plastics market global industry analysis, size. Global engineering plastics market 20172021 the author of the report recognizes the following companies as the key players in the global engineering plastics market.
Engineering plastics market is expected to witness strong growth, during the forecast period. Engineering plastics markets opportunities and challenges. The plastics, which possess improved thermal or mechanical properties and are used in the manufacturing of commodity plastics such as polyethylene, polystyrene, polypropylene, and pvc is known as engineering plastics. An incisive, indepth analysis on the engineering plastics market. The growth in the global market is being propelled by emergence.
Apr 08, 2020 the pa66 engineering plastics market report analysis 2020 focuses on pa66 engineering plastics characteristics, product picture, its specifications, and classification. Feb 04, 2020 the marketwatch news department was not involved in the creation of the content. About 7% of all plastics production, but nearly 10% of plastics sales dollars. Rise in sales of automobiles in china and india and presence of automanufacturers such as nissan are likely to fuel the demand for.
According to verified market research, the global engineering plastics market was valued at usd 80. Engineering plastics market segmentation by product type, by application. Plastics market industry analysis, market size, share. Thermoplastics market growth, trends, and forecast 2020. Drivers and restrains the research report has incorporated the analysis of different factors that augment the markets growth. Browse 157 market data tables and 39 figures spread through 171 pages and indepth toc on engineering plastics market.
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