Global Engineering Plastic Compounds Market, By Type (Fluoropolymers, Polycarbonate, Polyethylene T

Published Date: | Report Code : MT1958299

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Engineering plastics are a group of plastics that have better mechanical and/or thermal characteristics than other plastics. Because of that, they are more commonly used. Engineering plastics are mixed with additives and fillers such as antioxidants, antistatic agents, blowing agents, dyes, coupling agents, heat stabilizers, UV stabilizers, flame retardants or nucleating agents to generate plastic compounds for engineering purposes.  Metal parts are substituted in automotive and industrial applications by plastic engineering. The global engineering plastic compounds market is anticipated to high demand owing to the growing applications in the aerospace industry.

The global engineering plastic compounds market is segmented based on type, and application. By type, this market is split into fluoropolymers, polycarbonate, polyethylene terephthalate, polybutylene terephthalate, polyacetal/ polyoxymethylene, polymethyl methacrylate, polyphenylene oxide, polyphenylene sulfide, styrene copolymers, liquid crystal polymers, polyether ether ketone, polyimides, polyamides, and other.  Polyethylene terephthalate segment is anticipated to rapidly grow in this market. Polyethylene terephthalate (PET) is a resin for the engineering of thermoplastic polyester. PET resins are famous for their properties such as excellent melt flow characteristics, close molding tolerances, and high productivity from multi-cavity molds. Because of these properties, it is widely used in the motor housings, switches, sensors, and other electrical applications by replacing metal material. Based on application, the automotive & transportation segment is expected to high demand because engineering plastic compounds are widely used in apps such as connectors and housings, wheel wells, lighting & parts such as structural headlamp housings, headlamps & fog lamps and reflectors & lighting sockets. The global engineering plastic compounds market is expected to boom in the Asia Pacific region because of increasing demand from multiple sectors such as electrical & electronics and automotive & transport for engineering plastic compounds. The industry has expanded capacity in China with the emergence of standalone independent compounders. 

Key Factors Impacting Market Growth:

  • Increase in demand for environmentally friendly cars and light-weight cars
  • Rise in awareness regarding electric cars 
  • The lengthy and comprehensive plastics manufacturing process

Regional Analysis

The regional outlook section for the global engineering plastic compounds market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe have been traditional markets with a sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and Western Europe region during the forecast period. Asia Pacific region is estimated to register the highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. In addition, favorable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. The Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with the growth of the industrial sector in the region. The rest of the World consisting of South America and Africa are estimated to be emerging regions for the global engineering plastic compounds market during the forecast period.

Companies Covered: Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro AG, and RTP, AKRO-PLASTIC GmbH, Daicel Polymer Ltd., Eurostar Engineering Plastics, Formulated Polymers Limited, Ginar Technology Co. Ltd., HDC HYUNDAI EP COMPANY, KAWASAKI SANKO KASEI Co., Ltd., Ngai Hing Hong Company Limited, Polymer-Group, Polyplastics Co., Ltd., Ravago Americas, Teknor Apex, Trinseo LLC, and WITTENBURG GROUP

Market Segmentation:

By Type:

  • Fluoropolymers
  • Polycarbonate
  • Polyethylene Terephthalate
  • Polybutylene Terephthalate
  • Polyacetal/ Polyoxymethylene
  • Polymethyl Methacrylate
  • Polyphenylene Oxide
  • Polyphenylene Sulfide
  • Styrene Copolymers
  • Liquid Crystal Polymers
  • Polyether Ether Ketone
  • Polyimides
  • Polyamides
  • Other

By Application:

  • Automotive & Transportation
  • Building & Construction
  • Consumer Goods
  • Electrical & Electronics
  • Packaging
  • Medical
  • Other

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Type
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global engineering plastic compounds market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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