APAC Leads Engineering Plastics Market Share

The global engineering plastics market was valued at USD 107.2 billion in 2022 and is projected to reach USD 140.9 billion by 2027, growing at 5.6% cagr from 2022 to 2027.

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The global engineering plastics market is growing due to the end-use industries such as automotive & transportation, electrical & electronics, industrial & machinery, packaging, consumer appliances, and others. Hence, the rapid growth of these industries is expected to contribute to the development of the Engineering plastics market.

- ABS accounted for the largest share of the engineering plastics market during the forecast period

- Industrial & machinery is the fastest-growing end-use industry during the forecast period

- APAC accounted for the major share of the Engineering plastics market

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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), LANXESS AG (Germany) and Mitsubishi Chemical Holdings Corporation (Japan) among others are some of the major players operating in the global market.

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