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Engineering Plastic Compounds Market is expected to reach US$ 227380 million revenues by 2028

Engineering plastics are a subset of thermoplastics that are used in high-performance applications. They have the ability to outperform commercial materials, such as wood, metal, or thermoplastics, in one or more areas of application. Engineering plastics are blended with additives and fillers such as antioxidants, antistatic agents, blowing agents, colorants, coupling agents, curing agents, heat stabilizers, UV stabilizers, flame retardants, or nucleating agents to produce engineering plastic compounds. These engineering plastic compounds offer superior physical properties that augment their performance for various automotive, electronics, industrial, medical, and consumer goods applications.

Due to the COVID-19 pandemic, the global Engineering Plastic Compounds market size is estimated to be worth US$ 175380 million in 2022 and is forecast to a readjusted size of US$ 227380 million by 2028 with a CAGR of 4.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, PC accounting for % of the Engineering Plastic Compounds global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Automotive & Transportation segment is altered to an % CAGR throughout this forecast period.

Engineering plastic compounds exhibit exceptional properties such as heat resistance, chemical resistance, impact, flame retardancy, and mechanical strength. The global engineering plastic compounds market is expected to expand at a significant pace during the forecast period, driven by increase in production of automotive components and electronic devices.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • PC
  • PA
  • PET
  • PBT
  • PPE/PTFE
  • ABS
  • Others

Segment by Application

  • Automotive & Transportation
  • Aerospace
  • Electrical & Electronics
  • Building & Construction
  • Consumer Goods & Appliances
  • Industrial Applications
  • Medical
  • Others

By Company

  • Asahi Kasei
  • Basf
  • Celanese Corporation
  • Covestro
  • RTP
  • Daicel Polymer
  • Formulated Polymers
  • Eurostar Engineering Plastics
  • Piper Plastics

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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