Engineering Thermoplastics Market is estimated to reach USD 422.75 Billion by 2030 : Cognitive Market Research

Engineering Thermoplastics Market Overview:
- Engineering thermoplastics are a class of thermoplastics that have superior mechanical, thermal, and chemical properties compared to commercial thermoplastics. Engineering thermoplastics are characterized by high strength and stiffness, high-temperature resistance, excellent chemical resistance, and low creep under mechanical stress. Some examples of engineering thermoplastics include polycarbonate, polyamide (nylon), acetal, polyphenylene oxide (PPO), and polyphenylene sulfide (PPS).

Summary:
- Global Engineering Thermoplastics Market Size Was Valued at USD 279.68 Billion In 2022 And will reach USD 422.75 Billion by 2030 with a CAGR of 5.3 % During the Forecast Period (2023-2030).

"To know more about The Engineering Thermoplastics Market statistics click here: https://www.cognitivemarketresearch.com/engineering-thermoplastics-market-report

Market Dynamics:
- What are the driving factors for the engineering thermoplastics market?
Increasing demand for thermoplastics in industrial settings is the main driving factor contributing to the growth of the engineering thermoplastics market. Engineering thermoplastics are used across various end-use industries such as automotive, aerospace, electrical and electronics, medical devices, and consumer goods. These industries require high-performance materials such as engineering thermoplastics that can withstand harsh operating conditions. Additionally, the growing popularity of lightweight materials in high-performance applications has driven market growth. The potential threat of terrorist attacks using chemical or biological agents has led to an expansion of Engineering Thermoplastics. However, engineering thermoplastics have a higher cost compared to commodity thermoplastics may hinder the growth of the market to some extent. Further, recent advancements in material science and technology have led to the development of new grades of engineering thermoplastics with improved properties and performance are expected to create great opportunities for the market over the forecast period.

Market Segmentation:
Type
• Polycarbonates (PC)
• Acrylonitrile Butadiene Styrene (ABS)
• Polyamides (PA)
• Thermoplastic Polyesters (PET & PBT)
• Polyacetals (POM)
• Fluoropolymers
• Others
Based on the type, the acrylonitrile butadiene styrene (ABS) segment has dominated the market in terms of revenue in 2022. ABS is suitable material wherever superlative surface quality and luster are required in high-performance applications. ABS is an inexpensive material for components with higher service requirements.

End-Use Industry
• Packaging
• Building and Construction
• Automotive and Transportation
• Electrical and Electronics
• Household Appliances
• Sports & Leisure
• Agriculture
• Medical
• Others
Based on the end-use industry, the automotive and transportation segment held the largest market share in 2022. Recent advancement in thermoplastic technology has enabled plastic components to be used in the automotive sector. Manufacturers see the importance of using plastic-based components to reduce weight and production time coupled with design adaptability, and noise-reducing features.

Shape
• Sheet
• Rod
• Tube
• Film
• Custom

The Major Players in Engineering Thermoplastics Market are:
3M, ARKEMA, Asahi Kasei, Ascend, BASF, Bayer, Celaness, Changchun, Chimei, CNPC, Daikin, Dongyue, DSM, DuPont, Formosa, Hochest Celanese, Invista, JM, JSR, KKPC, Lanxess, LG Chemical, Meilan Group, Mitsubishi, Nan Ya, PolyOne, Radici Group, SABIC

Get free sample pages of the latest published Engineering Thermoplastics market Report: https://www.cognitivemarketresearch.com/engineering-thermoplastics-market-report#request_sample

Regional Analysis:
- Asia Pacific accounted for the largest market revenue share in 2022
As per CMR analysis, Asia Pacific accounted for the largest market share in terms of revenue. It is due to rapid industrialization, the wide presence of manufacturing companies, and the increasing demand for high-performance materials in the automotive industry. In this region, with the increasing production of vehicles, manufacturers shift towards lightweight materials to improve fuel efficiency. In addition, the growing use of electronic devices and the high need for materials that can withstand high temperatures and provide good electrical insulation drive the market growth in the Asia Pacific region.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Engineering Thermoplastics Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Engineering Thermoplastics Market Segmentation
1.5.1 Engineering Thermoplastics Market Regional Fragmentation
1.5.1 Engineering Thermoplastics Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Engineering Thermoplastics Market
Chapter 4 Global Engineering Thermoplastics Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Engineering Thermoplastics Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Engineering Thermoplastics Market by End-Use Industry Segmentation Analysis (2018-2030)
Chapter 11 Global Engineering Thermoplastics Market by Shape Segmentation Analysis (2018-2030)
Chapter 12 Global Engineering Thermoplastics Market Regional Analysis
Chapter 13 North America Engineering Thermoplastics Market Outlook (2018 - 2030)
Chapter 14 Europe Engineering Thermoplastics Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Engineering Thermoplastics Market Outlook (2018 - 2030)
Chapter 16 Latin America Engineering Thermoplastics Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Engineering Thermoplastics Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

To know more about Engineering Thermoplastics Market TOC click here: https://www.cognitivemarketresearch.com/engineering-thermoplastics-market-report#table_of_contents

Related report
• Thermoplastic composites market - https://www.cognitivemarketresearch.com/thermoplastic-composites-market-report
• Polycarbonate sheets and Films market - https://www.cognitivemarketresearch.com/polycarbonate-sheets-and-films-market-report
• Epoxy resin market - https://www.cognitivemarketresearch.com/epoxy-resin-market-report

Article:
• Rising Demand for Cost-Effective and Sustainable RTP Packaging - https://www.cognitivemarketresearch.com/articles/rising-demand-for-cost-effective-and-sustainable--rtp-packaging

Blog:
• Need of Safety Features in Vehicles Fuels the Growth of Automotive Active Seat Headrests Industry - https://www.cognitivemarketresearch.com/blog/need-of-safety-features-in-vehicles-fuels-the-growth-of-automotive-active-seat-headrests-industry

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us

About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.

This release was published on openPR.