Global Plastic Gears Resin Market Growth 2023-2029

Global Plastic Gears Resin Market Growth 2023-2029

Plastic gears provide a number of advantages over metal gears. They have less weight, lower inertia, and run much quieter than their metal counterparts. Plastic gears often require no lubrication or can be compounded with internal lubricants such as PTFE or silicone. Plastic gears usually have a lower unit cost than metal gears, and can be designed to incorporate other features needed in the assembly (part consolidation). These gears are also resistant to many corrosive environments. Materials used in plastic gears are, in general, engineering plastics such as polyacetal (POM) and MC Nylon which is essentially polyamid resin. In addition, U-PE and PEEK can be used.

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

This Insight Report provides a comprehensive analysis of the global Plastic Gears Resin 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 Plastic Gears Resin portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Plastic Gears Resin market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plastic Gears Resin 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 Plastic Gears Resin.

The global Plastic Gears Resin market size is projected to grow from US$ 427.8 million in 2022 to US$ 684.3 million in 2029; it is expected to grow at a CAGR of 684.3 from 2023 to 2029.

DuPont and Celanese are the top 2 manufacturers of plastic gears resin globally and account for over 20% of global market share in total. Geographically speaking, Asia-Pacific holds over half of total market share. In terms of type, POM resin accounts for over half of total market share. In terms of end use, over 40% of global plastic gears resin yield is for automobile industry.

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

Market Segmentation:

Segmentation by type
POM Resin
Nylon Resin
PBT Resin
PET Resin
PC Resin
High Performance Plastics
Others

Segmentation by application
Automobile Industry
Electronic and Electrical Appliances
Industrial Equipment
Medical 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.
DuPont
Asahi Kasei
Mitsubishi Chemical
BASF
Celanese
Kuraray
DSM
SABIC
Polyplastics
LG Chem
Kolon Plastics
Yuntianhua

Key Questions Addressed in this Report

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

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

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

How do Plastic Gears Resin market opportunities vary by end market size?

How does Plastic Gears Resin 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.