Global Engineering Plastic Market Growth 2023-2029

Global Engineering Plastic Market Growth 2023-2029

Engineering plastics are a group of plastic materials that have better mechanical and/or thermal properties than the more widely used commodity plastics, Engineering Plastics has a good overall performance, rigidity, creep is small, high mechanical strength, heat resistance, electrical insulation, and can be used in relatively harsh chemical or physical environment for long periods, may use as a structural material.

LPI (LP Information)' newest research report, the “Engineering Plastic Industry Forecast” looks at past sales and reviews total world Engineering Plastic sales in 2022, providing a comprehensive analysis by region and market sector of projected Engineering Plastic sales for 2023 through 2029. With Engineering Plastic sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Engineering Plastic industry.

This Insight Report provides a comprehensive analysis of the global Engineering Plastic landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Engineering Plastic portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Engineering Plastic market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Engineering Plastic and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Engineering Plastic.

The global Engineering Plastic market size is projected to grow from US$ 98730 million in 2022 to US$ 155140 million in 2029; it is expected to grow at a CAGR of 155140 from 2023 to 2029.

In Africa, Engineering Plastickey players include Ineos, Asahi Chemical Corp, China National Petroleum Corporation (CNPC), ASCEND, Secco, etc.

South Africa is the largest market, with a share about 30%, followed by Nigeria and Egypt, having a total share about 40 percent.

In terms of product,the segment includes General Engineering Plastics Type, Special Engineering Plastics. And in terms of application, the application includes Automotive Industry, Electronics Industry, Building Materials, Other Application, Packaging industry.

This report presents a comprehensive overview, market shares, and growth opportunities of Engineering Plastic market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

General Engineering Plastics Type

Special Engineering Plastics

Segmentation by application

Automotive Industry

Electronics Industry

Building Materials

Packaging industry

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Ineos

Asahi Chemical Corp

China National Petroleum Corporation (CNPC)

ASCEND

Secco

Sinopec Group

Formosa Plastics

DSM

Tae Kwang Industrial

CPDC

Key Questions Addressed in this Report

What is the 10-year outlook for the global Engineering Plastic market?

What factors are driving Engineering Plastic market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Engineering Plastic market opportunities vary by end market size?

How does Engineering Plastic break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.