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What's Driving the Engineering Plastics Market Growth? Celanese Corporation, LG Chem., LANXESS, SABIC, DowDuPont, Mitsubishi Engineering-Plastics Corporation

02-06-2020 10:49 AM CET | Science & Education

Press release from: Premium Market Insights

Engineering Plastics Market - Premium Market Insights

Engineering Plastics Market - Premium Market Insights

Engineering plastics are advanced polymer composites that can be used in higher requirements in thermal resistance and mechanical strength. These plastics can be used at higher temperature between100C to 150C therefore, also known as technical thermoplastics. The engineering plastics can effectively replace the ceramics and metals in many cases. The characteristics of engineering plastics are include excellent machinability & dimensional stability, good mechanical characteristics and good chemical resistance & wear resistance. The engineering plastics covered the application area that include, aerospace & automotive structural applications and in electronic packaging.

The engineering plastics market is anticipated to grow with a significant rate in the coming years, due to growing end-use industries and the replacement of traditional materials such as metals and ceramics. However, the high strength and lightweight properties make engineering plastics suitable for use in many industrial applications, which can be anticipated to offer more growth opportunities for the players operating in the engineering plastics market.

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The List of Companies
1. Covestro AG
2. BASF SE
3. Solvay
4. Celanese Corporation
5. LG Chem.
6. LANXESS
7. SABIC
8. DowDuPont
9. Mitsubishi Engineering-Plastics Corporation
10. Evonik Industries AG

The report aims to provide an overview of global market with detailed market segmentation by type, end user and geography. The global engineering plastics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading engineering plastics market players and offers key trends and opportunities in the market.

The global engineering plastics market is segmented on the basis of type and end user. On the basis of type, the engineering plastics market is segmented as, polyamide, fluoropolymers, polyacetals, thermoplastic polyesters and polycarbonates. Based on end user, the engineering plastics market is classified as, automotive & transportation, consumer appliances, packaging, electrical & electronics, industrial & machinery and others.

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