Engineering Plastic Market Geographic Segmentation, Statistical Forecast and Competitive Analysis Report to 2022

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Engineering Plastic Market Research Report -
Forecast to 2022
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2022
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Engineering Plastic Market Research Report-
Forecast to 2022
Engineering Plastic Market - Overview
The Global Engineering Plastics Market is
expected to exhibit steady growth over the
forecast period from 2017 to 2022, according to a
new research report published by Market Research
Future (MRFR). The Global Engineering Plastics
Market is mainly driven by the growing demand
from the construction industry, the automotive
industry, and the consumer goods
industry. Engineering Plastics are plastics
produced to conform to higher performance metrics
than other regular plastics. Engineering Plastics
provide higher mechanical strength and impact
resistance than conventional plastics, in
addition to high thermal resistance and other
application-specific characteristics. The ease of
processing of Engineering Plastics is also
significantly higher than conventional plastics.
This has driven their demand in high-value
engineering applications. The growth of the
Global Automotive Industry is likely to remain a
major driver for the Global Engineering Plastics
Market over the forecast period. Due to the
growing enforcement of legislation requiring
lighter vehicles, the automotive industry has
emerged as a major consumer of lighter
construction materials that provide comparable
performance figures to traditional automotive
production materials. This has led to a growing
demand from the automotive industry for a wide
range of Engineering Plastics. Engineering
Plastics are the perfect solution for producing
automotive interiors, as they provide high heat
and electrical resistance along with easy
moldability and high impact resistance. This is
likely to drive the Global Engineering Plastics
Market over the forecast period. On the other
hand, the high prices of Engineering Plastics and
their lack of environmental viability are likely
to count against the Global Engineering Plastics
Market over the forecast period. Due to the
complex manufacturing processes of Engineering
Plastics, their production costs are higher than
regular plastics. While this is not a concern in
premium operations, the large majority of
manufacturers prefer cheaper materials that suit
their purposes just as well. This could emerge as
a significant restraint on the Global Engineering
Plastics Market over the forecast period.
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Engineering Plastic Market Research Report-
Forecast to 2022
Segmental Analysis
The Global Engineering Plastics Market is
segmented by Product, Application and Region. By
Product, the Engineering Plastics Market is
segmented into polyamide, acrylonitrile butadiene
styrene (ABS), thermoplastics, polyesters,
polycarbonates, and others. Acrylonitrile
butadiene styrene is likely to remain the
majority segment over the forecast period due to
the high demand for ABS in multiple applications
due to its high temperature resistance, chemical
resistance, and impact strength. By Application,
the Global Engineering Plastics Market is
segmented into automotive, construction,
electrical and electronics, consumer goods, and
others. Automotive is likely to remain the
leading application segment in the Global
Engineering Plastics Market over the forecast
period due to the growing emphasis in the
automotive industry on the sustainability of the
materials used in automotive production. View
Full Press Release _at_ https//www.marketresearchfut
ure.com/reports/engineering-plastic-market-2161

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Engineering Plastic Market Research Report-
Forecast to 2022
Regional Outlook
Asia Pacific is expected to dominate the
Global Engineering Plastics Market over the
forecast period due to the growing demand for
engineering plastics in end-use industries such
as automotive, construction, electronics, and
others. The automotive industry in Asia Pacific
has grown rapidly over the last few years and has
emerged as the global leader in production. This
is likely to drive the demand from the Global
Engineering Plastics Market over the forecast
period. The increasing purchasing power of
consumers in Asia Pacific has led to a growing
demand from the electronics and automotive
industries, leading to steady growth of the
Global Engineering Plastics Market.
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Engineering Plastic Market Research Report-
Forecast to 2022
Major Players in this Research

• Engineering Plastic Market Prominent Players
• BASF SE (Germany)
• Covestro (Germany)
• Solvay S. A. (Belgium)
• Celanese Corporation (U.S.)
• E. I. du Pont de Nemours and Company (U.S.)
• LG Chem Ltd. (South Korea)
• Saudi Basic Industries Corporation (Saudi Arabia)
• Evonik Industries AG (Germany)
• Lanxess AG (Germany)
• Mitsubishi Engineering-Plastics Corporation
  (Japan)

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