Global Engineering Plastics Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028

Stratistics MRC's Global Engineering Plastics Market value is expected to reach $157.46 billion growing at a CAGR of 6.4% during 2022-2028.

Engineering plastics are a class of plastic materials with better mechanical and thermal properties than the more widely used commodity plastics. They are employed in applications where top-notch performance, dimensional stability, chemical and impact resistance are required. They are highly benefitable because of qualities such as durability, design adaptability, high strength-to-weight ratios and low densities. It incorporates acrylonitrile butadiene styrene (ABS). They are used for Lego bricks, dashboard trim and automobile guards.
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Europe is projected to have the highest CAGR over the forecast period, owing to stringent government regulations. The government in this region made strict rules and regulations regarding greenhouse gas emissions, and persuasion for developing lightweight materials for automotive industry. The abundant availability of raw materials and increasing automotive production in the region are the core factors exhibiting steadfast market growth.
Some of the key players profiled in the Engineering Plastics Market include Covestro AG, BASF SE, Celanese Corporation, Solvay S.A., Dow Chemical Company, LG Chem Ltd., Evonik Industries AG, LANXESS AG, Mitsubishi Chemical Holdings Corporation, AdvanSix Inc., Asahi Kasei Corporation, DuPont, Grand Pacific Petrochemical Corporation, Polyplastics Co., Ltd., Daicel Corporation, Eastman Chemical Company, Chi Mei Corporation, Trinseo and Teijin Limited.
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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