Engineering Plastic Market Global Analysis 2019, Research News, Industry Review, Applications and Forecast to 2022

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Engineering Plastic Market Research Report -
Forecast to 2022
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2022
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Engineering Plastic Market Research Report-
Forecast to 2022
Engineering Plastic Market - Overview
The Global Engineering Plastic Market is eyeing
for a substantial growth at a robust CAGR over
the predicted years (2018-2023). Engineering
Plastics are polymers that have a high
performance and has excellent physical
characteristics for prolonged and efficient use.
It is basically utilized in applications which
need high performance with regards to dimensional
stability, mechanical strength, impact
resistance, chemical stability and thermal
stability. Engineering Plastics have replaced
metal from automotive and construction industries
owing to its low density, designing flexibility,
durability, excellent machinability, chemical and
flame resistance, good wear resistance and
dimensional stability. Some of its common uses
include automotive parts production such as
dashboard trim and car bumpers, toy products
namely Lego bricks as well as protective and
sporting equipment namely boots, skies,
motorcycle helmets and others. There are many
factors that is driving the growth of the
Engineering Plastic Market. Some of these factors
as per the Market Research Future (MRFR) report
include growing end-use industries, traditional
materials namely commodity plastics and metals
being replaced with engineering plastics,
increasing need for personal transportation,
increasing purchasing power, easy manufacturing
process, alluring features such as lightweight
properties and high strength that has increased
its demand in different industrial applications.
On the contrary, factors such as fluctuating cost
of crude oil coupled with regulatory challenges
concerning carbon dioxide emissions is predicted
to hamper the growth of the Engineering Plastic
Market.
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Engineering Plastic Market Research Report-
Forecast to 2022
Segmental Analysis
Market Research Future report offers an
all-inclusive segmental analysis of the
Engineering Plastic Market on the basis of
Product and Application. Based on Products, it
is segmented into polycarbonates, polyesters,
thermoplastics, acrylonitrile butadiene styrene
(ABS), polyamide and others. Of these, the ABS
will have the largest share in the Engineering
Plastic Market over the predicted years owing to
its soaring demand. It has a massive demand owing
to its excellent properties such as mechanical
potency, high temperature resistance, chemical
resistance and others. Based on Application, the
Engineering Plastic Market is segmented into
consumer goods, automotive, electrical and
electronics, construction and others. Of these,
the engineering plastic market will lead the
Engineering Plastic Market owing to its growing
application in automotive industries. Engineering
Plastic is utilized in the production of
connectors, lighting components and other forms
of automotive parts. View Full Press Release _at_
https//www.marketresearchfuture.com/reports/engin
eering-plastic-market-2161
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Engineering Plastic Market Research Report-
Forecast to 2022
Regional Outlook
Based on Region, the Engineering Plastic Market
covers growth opportunities and latest trends
across North America, Europe, Asia Pacific and
Rest of the World. Of these, the APAC region will
rule the Engineering Plastic Market over the
predicted years. The key factor that can be
attributed to the growth of the market in this
region include soaring demand of Engineering
Plastics. Almost every end-use industry that uses
Engineering Plastics is expanding at a quick
pace. Automotive, electronics, construction and
others are growing exponentially in the APAC
region that is rapidly urbanizing. Besides, the
growing purchasing power have boosted the need
for Engineering Plastics especially in
automobile, power generation, and chemicals.
China is the biggest consumer and producer of
Engineering Plastics here. Automotive is amid the
fastest growing domains in China owing to
increasing disposable income. The low production
cost coupled with accessibility of raw materials
in abundance is likely to spur the Engineering
Plastic Market demand here.
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Engineering Plastic Market Research Report-
Forecast to 2022
Major Players in this Research

• Engineering Plastic Market Prominent Players
• BASF SE (Germany)
• Covestro (Germany)
• Solvay S. A. (Belgium)
• Celanese Corporation (U.S.)
• E. I. du Pont de Nemours and Company (U.S.)
• LG Chem Ltd. (South Korea)
• Saudi Basic Industries Corporation (Saudi Arabia)
• Evonik Industries AG (Germany)
• Lanxess AG (Germany)
• Mitsubishi Engineering-Plastics Corporation
  (Japan)

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