The Global Engineering Plastics Market is projected to reach USD 108.68 Billion by 2026, at a CAGR of 7.4% from 2016 to 2026.
Engineering plastics are finding increased usage in various applications such as, automotive & transportation, electrical & electronics, consumer appliances, industrial equipment, and other applications. The increasing demand for light weight vehicles and the reduction of vehicular emissions is driving the global engineering plastics market in the automotive & transportation application.
The use of engineering plastics in industrial & machinery equipment is growing at a high rate. The demand for light weight, durable, ergonomic and rust free materials is driving the industrial segment. Power tools, hand-held tools, movers, and so on are finding increased usage of engineering plastics. The Asia-Pacific region is the fastest growing in the industrial & machineries segment in the global engineering plastics market.
The Asia-pacific region is expected to be the largest and the fastest-growing market for engineering plastics. The high growth rate in the region is due to the increasing demand from countries such as China, Japan and India. China is estimated to be the largest market for engineering plastics in the Asia-Pacific region, followed by India and Japan. India is estimated to be the fastest-growing market in the region as well as globally.
- BASF SE
- Celanese Corporation
- E.I. Du Pont De Nemours and Company
- Evonik Industries AG
- Lanxess AG
- LG Chem
- Mitsubishi Engineering - Plastic Corporation
- Solvay SA
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Engineering Plastics Market, by Type
8 Engineering Plastics Market, by Application
9 Engineering Plastics Market, by Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/v8q7sp/engineering
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SOURCE Research and Markets