Global Engineering Plastics Market to 2023 - Increasing Demand for Polyamides for 3D Printing

DUBLIN, Sept 27, 2018 /PRNewswire/ --

The "Engineering Plastics Market by Type, End-Use Industry - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The engineering plastics market is estimated at USD 80.70 billion in 2018 and is projected to reach USD 115.10 billion by 2023, at a CAGR of 7.2% from 2018 to 2023.

Engineering plastics are used in the industries such as automotive & transportation, electrical & electronics, consumer appliances, industrial & machinery, and packaging. The key drivers for the market are growing end-use industries and replacement of traditional materials such as metals and commodity plastics with engineering plastics.

On the basis of type, the polyacetal segment of the engineering plastics market is projected to register the highest CAGR during the forecast period. Polyacetal has excellent resistance to a wide range of solvents and possesses good electrical properties, which makes it ideal for use in electrical applications. The superior properties of polyacetal make it suitable for applications in industrial machinery, electrical and electronic devices, automotive and plumbing, and consumer goods applications, thereby, driving the engineering plastics market.

The automotive & transportation end-use industry accounted for the largest share of the overall engineering plastics market, and the trend is projected to continue during the forecast period. Engineering plastics are used in automobile manufacturing, as they help reduce overall vehicle weight and vehicular emissions.

Engineering Plastics Market

The growth in the usage of engineering plastics in the automotive & transportation, consumer appliances, and electrical & electronics industries has increased the demand for engineering plastics. APAC is the largest engineering plastics market and is also the fastest-growing market. China is expected to account for the largest share in the APAC region during the forecast period. India is expected to register the fastest growth in the engineering plastics market during the forecast period.

The availability of other polymer resins is a major restraint for the market. The high cost of engineering plastics is also expected to act as a market restraint, as commodity plastics are used in applications where high-performance characteristics are not required because of their low prices.

The companies have adopted new product developments, expansions, contracts & agreements, and joint venture strategies to expand their market shares and distribution networks in the market.

BASF focuses on building a sustainable customer base in different markets with strong support through R&D activities. It is also strengthening its presence in the developing economies of Asia and other regions through new product developments and development of new production plants. The company is focusing on expansions in emerging revenue markets. In 2017, it opened a new Ultramid polymerization plant in Shanghai, China.

The key companies profiled in the engineering plastics market research report are BASF (Germany) , Covestro (Germany), Solvay SA (Belgium), Celanese (US), DowDuPont (US), LG Chem (South Korea), SABIC (Saudi Arabia), Evonik Industries (Germany), Lanxess (Germany), and Mitsubishi Engineering Plastics (Japan)

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Significant Opportunities in the Engineering Plastics Market
4.2 APAC Engineering Plastics Market, By End-Use Industry and By Country
4.3 Engineering Plastics Market, By Region
4.4 Engineering Plastics Market, By Type
4.5 Engineering Plastics Market, By End-Use Industry

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Engineering Plastics Replacing Conventional Materials
5.2.1.2 Growth in End-Use Industries
5.2.1.3 Increasing Demand for Polyamides for 3d Printing
5.2.1.4 The Growth of Small and Medium Enterprises in Emerging Economies
5.2.1.5 Low Feedstock and Energy Prices
5.2.2 Restraints
5.2.2.1 Competition From Other Polymers
5.2.2.2 Lack of Institutional Arrangements
5.2.3 Opportunities
5.2.3.1 Increasing Demand From Emerging Markets
5.2.3.2 Financially Attractive Market
5.2.4 Challenges
5.2.4.1 Public Perception
5.2.4.2 Process-Ability Issues
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Intensity of Competitive Rivalry

6 Engineering Plastics Market, By Type

6.1 Introduction
6.2 Acrylonitrile Butadiene Styrene (ABS)
6.3 Polyamide
6.3.1 Nylon: Under the Hood Applications
6.4 Polycarbonates
6.5 Thermoplastic Polyesters
6.6 Polyacetals
6.7 Fluoropolymers
6.8 Others

7 Engineering Plastics Market, By End-Use Industry

7.1 Introduction
7.2 Automotive & Transportation
7.2.1 Interior
7.2.2 Exterior
7.2.3 Power Train
7.2.4 Under the Hood Applications
7.3 Consumer Appliances
7.3.1 Air-Conditioner
7.3.2 Mobiles and Computers
7.3.3 Television and Music Players
7.4 Electrical & Electronics
7.4.1 Semiconductor
7.4.2 Sockets & Switches
7.5 Industrial & Machinery
7.5.1 Power Tools
7.6 Packaging
7.6.1 Food
7.6.2 Medical
7.7 Other Applications
7.7.1 Medical Applications
7.7.2 Construction

8 Engineering Plastics Market, By Region

8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 Italy
8.3.4 Russia
8.3.5 UK
8.3.6 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Indonesia
8.4.6 Taiwan
8.4.7 Australia & New Zealand
8.4.8 Rest of APAC
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Rest of Middle East & Africa

9 Competitive Landscape

9.1 Overview
9.2 Competitive Scenario
9.2.1 Investment & Expansion
9.2.2 New Product Development
9.2.3 Acquisition

10 Company Profiles

• BASF SE
• Covestro
• Celanese Corporation
• Dowdupont
• Solvay S.A.
• LG Chem
• SABIC
• Evonik Industries AG
• LANXESS
• Mitsubishi Engineering Plastic Corporation

For more information about this report visit https://www.researchandmarkets.com/research/w2dnk2/global?w=5

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