Engineering Plastics Market is estimated to be US$ 161.93 billion by 2030 and is anticipated to register a CAGR of 6.1%.

Engineering Plastics is group of the plastics having better mechanical as well as thermal properties over the traditional plastic materials. Engineering plastics are thermoplastics with the excellent specified properties and are available in the various forms. For instance, motorcycle helmets are primarily manufactured by using polycarbonates engineering plastic owing to its properties of highly resistant to impact and thud. Increasing use of the engineering plastics by industries in order to replace conventional materials such as metals, glass, and alloys by it across the globe is major factors expected to drive growth of the global engineering plastics market, in the near future. However, stringent environment regulation associated with CO2 emissions, coupled with changing crude oil prices are major factors expected to hamper growth of the global engineering plastics market over the forecast period.

The report?"Global Engineering Plastics Market,?By Type (Polycarbonate, Polyamide, ABS, PET & PBT, POM, Fluoropolymers), By End-Use Industry (Automotive & Transport, Electrical & Electronics, Industrial & Machinery, Packaging, Consumer Appliances), and Region - Global Forecast to 2029"

Key Highlights:

• In May 2019 Tenac - C Z4520 polyacetal resin, an engineering plastic of Asahi Kasei, get certified as eco-friendly green material by Automotive Technology & Research Center. This certification was presented at a ceremony during the 2019 China Automotive Materials (Xiqing) International Forum on March 27, 2019, in Tianjin, China.
• February 1, 2017, Asahi Kasei Launches Engineering Plastics Technical Center in Europe. That is aim to focus to expand its European automotive-related business.

Key Market Insights from the report:????????

The global engineering plastics market has been segmented based on Hardware, By End-user Industry, and region.

• By Type global engineering plastics market is classified into Polycarbonate, Polyamide, ABS, PET & PBT, POM, Fluoropolymers.
• By End-Use Industry, the market is classified into automotive & transport, electrical & electronics, industrial & machinery, packaging, consumer appliances.
• By Region, Asia Pacific is expected to show the highest CAGR over the forecast period.?Due to the increasing demand from countries such as China, Japan, and India. This is an attribute to the growth in the automotive and electrical & electronics industries.

Before purchasing this report, request a sample or make an inquiry by clicking the following link:

https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/500

The key players operating the global engineering plastics market involves includes A. Schulman, Inc. ., AdvanSix ., 阿科玛 , 旭化成 , BASF Services Americas , 塞拉尼斯 , CHIMEI , 科思创 , DAICEL CORPORATION , and DuPont de Nemours (Deutschland) GmbH . The key players in this market are mainly focusing on merger and acquisition strategy.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

?1 860 531 2701

Email-?[email protected]

Website-?www.prophecymarketinsights.com