The “Engineering Plastics Market by Type (Polycarbonate, Polyamide, ABS, PET & PBT, POM, Fluoropolymer), End-use Industry (Automotive & Transport, Electrical & Electronics, Industrial & Machinery, Packaging) and Region – Global Forecast to 2027” report predicts a 5.6% CAGR from 2022 to 2027. With the constantly growing need for engineering plastics and their novel uses, there are numerous companies in this industry. Every country has an increasing number of both global and local participants. This growth in competitiveness and market fragmentation for engineering plastics emphasizes the industry’s desirability. Investments are increasing throughout Asia, Africa, and Latin America in the form of new research facilities or capacity expansions. The COVID-19 pandemic had a severe influence on the engineering plastics market in 2020, resulting in a considerable drop in CAGR. However, recovery was observed with a favorable influence on the engineering plastics market in 2021 due to increased demand in the construction industry.
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• 344 Market data Tables
• 41 Figures
• 285 Pages and in-depth TOC on “Engineering Plastics Market – Global Forecast to 2027″
Some of the prominent key players are:
· BASF SE (Germany)
· Covestro AG (Germany)
· Solvay S.A. (Belgium)
· Celanese Corporation (US)
· The Dow Chemical Company (US)
· LG Chem Ltd. (South Korea)
· SABIC (Saudi Arabia)
· Evonik Industries AG (Germany)
Opportunity: Financially attractive market
With the increasing need for engineering polymers and their developing uses, the market is crowded. Every country is experiencing an increase in the number of global and local players. This growth in competitiveness and market fragmentation for engineering plastics emphasizes the industry’s desirability.