Engineering Plastics Market is expected to generate a revenue of USD 139.10 Billion by 2028, Globally, at 6.18% CAGR: Verified Market Research®

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Engineering Plastics Market.

JERSEY CITY, N.J., Jan. 11, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Engineering Plastics Market" By Type (Thermoplastic Polyester, Polycarbonate (PC), Polyamide (PA)), By End-User (Automotive & Transportation, Electrical & Electronics), and By Geography.

As per the deep research carried out by Verified Market Research®, the global Engineering Plastics Market size was valued at USD 85.50 Billion in 2020 and is projected to reach USD 139.10 Billion by 2028, growing at a CAGR of 6.18% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=26414

Browse in-depth TOC on "Engineering Plastics Market"

202 - Pages
126 – Tables
37 – Figures

Global Engineering Plastics Market Overview

High-quality polymers called engineering plastics are used to enhance the mechanical and thermal properties of plastic to meet more stringent requirements. Engineering plastics have already taken the place of conventional building materials like metal and wood. Additionally, it is used in applications that need it for dimensional stability, structural stability, and resistance to chemicals and wear. Engineering plastics are used in a variety of industries, including electronics, transportation, automotive, food, and manufacturing.

The growing trend of lowering weight and improving fuel efficiency in the automotive industry, metal substitution in the construction and electrical & electronics industries, are some of the key factors driving the market. Engineering plastics are adaptable plastic materials with excellent physical and electrical features such as stability, chemical resistance, heat resistance, abrasion resistance, and barrier properties. As a result of these traits, they have become one of the plastics industry's fastest-growing segments. Because of ongoing innovations in the plastics industry, metals and glass are gradually being replaced by lighter materials. In many cases, engineering plastics serve as an excellent alternative to metals, glass, or even ceramics.

The expansion of the automobile industry has resulted in more engineering plastics opportunities. With more stringent regulations and changing consumer habits driving demand for more affordable, lightweight, and fuel-efficient vehicles, demand for plastic in the design and manufacturing of automotive vehicles has increased in recent years. Rising fuel prices and stricter environmental regulations have made fuel efficiency one of the most important features in automotive vehicle design. This, combined with the high demand for automotive vehicles as well as rising disposable income in emerging countries is expected to continue to drive demand for plastics in the automotive industry. In addition, the emergence and rapid growth of electric vehicles are further expected to boost demand for plastic in the automotive industry.

Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Engineering Plastics Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Key Players

The "Global Engineering Plastics Market" study report will provide valuable insight with an emphasis on the global market.  The major players in the market are Covestro AG, Dowdupont, LG Chem, Evonik Industries AG, Mitsubishi Engineering -Plastic Corporation, BASF SE, Celanese Corporation, Solvay S.A, SABIC, LANXESS.

Based on the research, Verified Market Research® has segmented the global Engineering Plastics Market into Type, End-User, and Geography.

• Engineering Plastics Market, by Type
• Thermoplastic polyester
• Polycarbonate (PC)
• Polyamide (PA)
• Acrylonitrile Butadiene Styrene (ABS)
• Others
• Engineering Plastics Market, by End-User
• Automotive & transportation
• Electrical & electronics
• Industrial & machinery
• Packaging
• Others
• Engineering Plastics Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Polyamide Market By Product (PA 6, PA 12, PA 66, and Bio-based & Specialty Polyamides), By Application (Engineering Plastics and Fiber), By Geography, And Forecast

Packaging Materials Market By Type (paper and cardboard, textile, flexible plastic, metal, wood), By Application (Food, Beverage, Healthcare, Cosmetics, Household Products), By Geography, And Forecast

Construction Plastics Market By Plastic Type (Polyethylene, Polypropylene), By Application (Pipes, Windows And Doors), By End User (Non-Residential, Residential), By Geography, And Forecast

Injection Molding Plastic Market By Raw Material (Polypropylene, ABS), By End User (Medical, Packaging), By Geography, And Forecast

Top Rigid Plastic Packaging Companies strictly adhering to international 3Rs initiative

Visualize Engineering Plastics Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/engineering-plastics-market-is-expected-to-generate-a-revenue-of-usd-139-10-billion-by-2028--globally-at-6-18-cagr-verified-market-research-301719133.html