United States Engineering Plastics Market Growth, Size, Trend Analysis- By End User Industry, By Resin Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
United States Engineering Plastics Market Introduction and Overview
According to SPER Market Research, ‘United States Engineering Plastics Market Size- By End User Industry, By Resin Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the United States Engineering Plastics market is projected to be worth USD 26.54 billion by 2033 and is anticipated to surge at a CAGR of 6.71%.
Engineering Plastics is a group of high-performance synthetic polymers meant to outperform traditional commodity plastics like polystyrene, PVC, polypropylene, and polyethylene in mechanical and thermal qualities. These materials are well-known for their strength, durability, and resistance to heat, chemicals, and wear. They are used in a wide range of industries, including automotive, aerospace, construction, equipment, and healthcare.
The COVID-19 epidemic had a major effect on the engineering plastics market in the US, upsetting production procedures and supply chains. The first lockdowns caused a brief drop in demand from important industries including aircraft and automobiles. Nonetheless, there was a sharp increase in demand for engineering plastics used in protective gear and medical gadgets in the healthcare industry.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By End User industry, By Resin Type.
Regions covered Midwest Region, Northeast Region, South Region, Southwest Region, West Region.
Companies Covered BASF, Celanese Corporation, Covestro, DuPont, Eastman Chemical Company, LANXESS, Mitsubishi Engineering-Plastics Corporation, PolyOne Corporation, SABIC.
United States Engineering Plastics Market Segmentation:
By End User Industry: Based on the End User Industry, United States Engineering Plastics market is segmented as; Aerospace, Automotive, Packaging, Industrial and Machinery, Others.
By Resin Type: Based on the Resin Type, United States Engineering Plastics market is segmented as; Fluoropolymer, Polyimide, Polybutylene Terephthalate, Polyamide, Polycarbonate, Poly Ether ketone, Styrene Copolymers, Others.
By Region: This research also includes data for Midwest Region, Northeast Region, South Region, Southwest Region, and West Region.