A 24.6 Million Metric Tons Global Opportunity for Engineering Plastics by 2026 - New Research from StrategyR
SAN FRANCISCO, Sept. 9, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Engineering Plastics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 16; Released: April 2021
Executive Pool: 9282
Companies: 112 - Players covered include BASF SE; Celanese Corp.; Chi Mei Corp.; Continental Structural Plastics Inc.; Covestro AG; Dow Inc.; Eastman Chemicals Company; Evonik Industries AG; Formosa Plastics Corp.; Honeywell International, Inc.; Huntsman Corp.; Lanxess AG; LG Chem; Polyplastics Co., Ltd.; Radici Partecipazioni SpA; Royal DSM N.V.; SABIC; Teijin Ltd.; Toray Industries Inc.; WinTech Polymer Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Product Segment1 (Acrylonitrile-Butadiene-Styrene (ABS), Polycarbonate, Nylon, Thermoplastic Polyesters (PBT/PET), Polyacetal, Other Product Segments); End-Use (Automotive, Electrical & Electronics, Appliances, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Engineering Plastics Market to Reach 24.6 Million Metric Tons by 2026
Amid the COVID-19 crisis, the global market for Engineering Plastics estimated at 19 Million Metric Tons in the year 2020, is projected to reach a revised size of 24.6 Million Metric Tons by 2026, growing at a CAGR of 4.3% over the analysis period. Acrylonitrile-Butadiene-Styrene (ABS), one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach 10.4 Million Metric Tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polycarbonate segment is readjusted to a revised 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at 5.3 Million Metric Tons in 2021, While China is Forecast to Reach 5.2 Million Metric Tons by 2026
The Engineering Plastics market in the U.S. is estimated at 5.3 Million Metric Tons in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 5.2 Million Metric Tons by the year 2026 trailing a CAGR of 7.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 3.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.
Nylon Segment to Reach 4.2 Million Metric Tons by the year 2026
In the global Nylon segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 2.4 Million Metric Tons in the year 2020 will reach a projected size of 3.2 Million Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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