Press release
Engineering Plastics Market Size, Share, Growth and Trends, Report 2024-2031
The global engineering plastics market reached US$ 76490.64 million in 2023 and is projected to witness lucrative growth by reaching up to US$ 120328.11 million by 2031. The market is expected to exhibit a CAGR of 6.87% during the forecast period (2024-2031).
Engineering plastics are a group of high-performance polymers that are used in engineering applications due to their superior mechanical and thermal properties compared to traditional plastics. They are designed to withstand higher temperatures, stresses, and harsher environments, making them suitable for demanding industrial and technical applications.
Get a Free Sample Research PDF - https://www.datamintelligence.com/download-sample/engineering-plastics-market
Market Dynamics:
Increasing Demand For Lightweight And High-Performance Materials
The growing demand for lightweight and high-performance materials is a major driver of the engineering materials market. These materials provide numerous benefits, including enhanced fuel efficiency, lower emissions, and superior performance, making them highly sought after across industries such as automotive, aerospace, and consumer goods. A key factor fueling the demand for lightweight materials is the automotive industry's emphasis on reducing vehicle weight. Materials like engineering plastics, composites, and aluminum play a crucial role in lowering vehicle weight, which in turn boosts fuel efficiency and cuts emissions. Furthermore, these lightweight materials contribute to improved vehicle performance and safety by lowering the vehicle's center of gravity and enhancing handling.
Segment Covered in the Engineering Plastics Market:
By Type(Polyethylene: Low-Density Polyethylene (LDPE), Medium Density Polyethylene (MDPE), High-Density Polyethylene (HDPE)), Polycarbonate, Polyester, Polypropylene, Polyurethane, Polyvinylchloride (PVC), Polyamides, Acrylonitrile Butadiene Styrene (ABS), Nylon, Polyethylene terephthalate (PET).
By End-User Industry: Automotive, Consumer Electronics, Electrical and Electronics, Packaging Industry, Medical Applications, Construction Industry, Machine Engineering.
Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/engineering-plastics-market
Key players involved in Engineering Plastics Market:
• BASF SE
• Covestro
• Celanese Corporation
• Du Pont
• Solvay SA
• LG Chem
• Sabic
• Evonik Industries AG
• Lanxess AG
• Mitsubishi Engineering-Plastics Corporation
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Sealant Web Film Market: https://www.datamintelligence.com/research-report/sealant-web-film-market
Glass Mat Market: https://www.datamintelligence.com/research-report/glass-mat-market
Regional Analysis:
The Engineering Plastics Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Engineering Plastics Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
Engineering plastics are a group of high-performance polymers that are used in engineering applications due to their superior mechanical and thermal properties compared to traditional plastics. They are designed to withstand higher temperatures, stresses, and harsher environments, making them suitable for demanding industrial and technical applications.
Get a Free Sample Research PDF - https://www.datamintelligence.com/download-sample/engineering-plastics-market
Market Dynamics:
Increasing Demand For Lightweight And High-Performance Materials
The growing demand for lightweight and high-performance materials is a major driver of the engineering materials market. These materials provide numerous benefits, including enhanced fuel efficiency, lower emissions, and superior performance, making them highly sought after across industries such as automotive, aerospace, and consumer goods. A key factor fueling the demand for lightweight materials is the automotive industry's emphasis on reducing vehicle weight. Materials like engineering plastics, composites, and aluminum play a crucial role in lowering vehicle weight, which in turn boosts fuel efficiency and cuts emissions. Furthermore, these lightweight materials contribute to improved vehicle performance and safety by lowering the vehicle's center of gravity and enhancing handling.
Segment Covered in the Engineering Plastics Market:
By Type(Polyethylene: Low-Density Polyethylene (LDPE), Medium Density Polyethylene (MDPE), High-Density Polyethylene (HDPE)), Polycarbonate, Polyester, Polypropylene, Polyurethane, Polyvinylchloride (PVC), Polyamides, Acrylonitrile Butadiene Styrene (ABS), Nylon, Polyethylene terephthalate (PET).
By End-User Industry: Automotive, Consumer Electronics, Electrical and Electronics, Packaging Industry, Medical Applications, Construction Industry, Machine Engineering.
Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/engineering-plastics-market
Key players involved in Engineering Plastics Market:
• BASF SE
• Covestro
• Celanese Corporation
• Du Pont
• Solvay SA
• LG Chem
• Sabic
• Evonik Industries AG
• Lanxess AG
• Mitsubishi Engineering-Plastics Corporation
Related Reports:
Container Washing System Market: https://www.datamintelligence.com/research-report/container-washing-system-market
Sealant Web Film Market: https://www.datamintelligence.com/research-report/sealant-web-film-market
Glass Mat Market: https://www.datamintelligence.com/research-report/glass-mat-market
Regional Analysis:
The Engineering Plastics Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Engineering Plastics Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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