The Global Engineering Plastics Market report 2018-2027, has been prepared By MarketResearch.Biz, based on a deep market analysis with inputs from industry experts. This report covers market landscape, size, key players, segmentation, production, revenue and its growth prospects for the upcoming years.
Plastic materials having an excellent combination of thermal and mechanical properties as compared to other commodity plastic materials are called as engineering plastics. These plastics materials have unique features such as high abrasion, higher impact strength, wear & fatigue resistance, high temperature resistance range, and chemical resistance based on the content. Engineering plastics are costlier and are produced for particular applications. Engineering plastics are also known as thermoplastic materials. Henceforth these materials can efficiently be processed with standard plastic processing equipment.
Engineering Plastics Market Outlook:
One of the major driving factors for engineering plastics industry is the growth in the automotive industry in all regions. Due to its properties with respect to metals such as high strength, weight reduction, and lightweight, these materials were rapidly replacing metal components in industrial machinery as well as automotive industry. Growing demand in electronics & electrical appliances market the demand for engineering plastics has raised. However, higher cost of engineering plastics material may restrict the engineering plastics market. Use of engineering plastics in the aerospace industry for building spaceship could be the future trends for these market.
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Global Engineering Plastics Market Segmentation By Type:
- Thermoplastic Polyesters
- Acrylonitrile Butadiene Styrene (ABS)
Global Engineering Plastics Market Segmentation By Application:
- Automotive & Transportation
- Electrical & Electronics
- Consumer Appliances
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Engineering Plastics Market by Region:
The Asia Pacific is the dominating market for engineering plastics. The growth of market in the Asia Pacific is driven by huge demand for engineering plastics products in various industries in developing countries such as China and India. North America market is anticipated to grow at a steady growth rate, while the engineering plastics product demand in Europe is foreseen to increase at higher rate in the future.