LONDON, Aug. 17, 2015 /PRNewswire/ -- The engineering plastic market presents huge potential for growth in the coming years. Engineering plastics market is experiencing rapid growth, which is expected to continue in the near future, mainly driven by ability of engineering plastics to replace metals in various end- user industries. They are preferred mainly due to their properties such as high dimensional stability, good strength, high heat, and chemical resistance. The engineering plastics market is growing at a robust rate, and is expected that the market will grow at a CAGR of 6% during 2015-2020.
The research study, "Global Engineering Plastic Market Outlook 2020", analyzes the market dynamics in key segments to draw attention to areas offering immense possibilities for companies to boost their growth. The report studies the market on two levels viz. by region (North America, Europe, and Asia-Pacific); and by type (Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Polyamides, Thermoplastic Polyester, Polyacetal or Polyoxymethylene (POM), and Fluoropolymer). Our research depicts state of engineering plastic market in each of these market segments in value terms during 2013-2020.
As per our study, the engineering plastic market has been showing significant growth in the developing economies. To provide further comprehensive information, an in-depth country level analysis of major engineering plastic markets viz. US, Canada, Mexico, Germany, India, China, Japan, etc., has also been incorporated into the report. The section covers current market scenario and major industry developments in each country. Also, with due consideration to current market dynamics, the report has covered engineering plastic market in value terms with forecast till 2020.
We have done a detailed section on trends and drivers which are driving the sector that can aid readers in designing their business strategies and to provide them with key insights about the competition in the market. To provide an unbiased outlook of the global engineering plastic market to clients, our report also includes the profiles of key industry players with their business overview, key financials, and recent developments. The report provides information for readers looking to venture into this industry, and facilitates them to formulate strategies while going for an investment/partnership in the global engineering plastic market.
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