Engineering Plastics Market Worth 108.68 Billion USD by 2026

PUNE, India, November 24, 2016 /PRNewswire/ --

The report "Engineering Plastics Market by Type (PC, ABS, PET & PBT, POM, Fluoropolymers), Application (Automotive & Transport, Industrial & Machinery, Packaging, Consumer Appliances) - Global Forecast to 2026", published by MarketsandMarkets, the global market is projected to reach USD 108.68 Billion by 2026, at a CAGR of 7.4% from 2016 to 2026.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 158 market data Tables and 54 Figures spread through 190 Pages and in-depth TOC on "Engineering Plastics Market"

http://www.marketsandmarkets.com/Market-Reports/engineering-plastics-market-687.html

Early buyers will receive 10% customization on this report. 

As industries are in the process of replacing the use of conventional materials such as alloys, glass, and metals, the penetration of engineering plastics is increasing. Also, these engineering plastics are now in the comparative price range of commodity plastics, leading to their increasing adoption. With the increased penetration of engineering plastics in the emerging manufacturing industries of Asia, Middle East & Africa, and South America, the market is expected to register slightly higher growth than North America and Europe, during the long term forecast period.

Automotive & transportation, the largest application in the engineering plastics market 

Automotive & transportation are the biggest end-use applications of engineering plastics. These are extensively used in the automotive & transportation industry for applications such as connectors & housing, under-the-hood components, wheel well, lighting & components such as, headlamp structural housings, headlamps & fog lamps, and reflectors & lighting sockets, among others. The demand for engineering plastics in the automotive & transportation application is growing at a high rate in the Asia-Pacific region. This is due to the growing automobile industry in countries such as India, China, Japan, and South Korea. These countries are also among the largest importers of automobiles globally. The growing market for automobiles in these countries is a strong driving factor for the global engineering plastics industry.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=687

Acrylonitrile Butadiene Styrene, the leading type in the engineering plastics market 

Acrylonitrile Butadiene Styrene (ABS) has the largest consumption among all types of engineering plastics. Acrylonitrile provides chemical resistance and heat stability; the styrene base offers ease of processability and rigidity whereas butadiene provides impact strength and toughness. High impact, mechanical potency, and high temperature resistance are some of the properties of ABS which makes it suitable for applications in electrical & electronic parts, automotive and transportation, pipes and fittings, and various consumer products. The demand for ABS is primarily driven by the consumer products and electrical & electronics sectors. In the electronics and electrical sectors, it is used for applications in mobile phones, computers, MP3-players, and so on.

Growing demand in Asia-Pacific, the major driver for growth of engineering plastics market 

The Asia-Pacific region had the highest demand for engineering plastics in 2015. The region comprises of rapidly growing economies such as India and China, and the emerging South-East Asian countries such as Thailand and Indonesia. The growth is led by rapid industrialization, growing demand from end-use industries such as petrochemicals, chemicals, power generation, automobile manufacturing, packaging, electrical & electronics, and so on, and the increasing government spending in infrastructure activities.

Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=687

The key companies profiled in the Engineering Plastics Market research report are BASF SE (Germany), Covestro (Germany), Solvay S. A. (Belgium), Celanese Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), LG Chem Ltd. (South Korea), Saudi Basic Industries Corporation (Saudi Arabia), Evonik Industries AG (Germany), Lanxess AG (Germany), and Mitsubishi Engineering-Plastics Corporation (Japan).

Browse Related Reports:
Polyamide Market by Type (PA 6, PA 66, Bio-Based & Specialty), by Application (Automotive, Films & Coatings, Industrial/Machineries, Consumer Goods & Appliances, Fibers & Textiles, and Others), by Process, and by Region - Global Trends and Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/global-nylon-market-930.html

Polycarbonate Resin Market by Application (Electrical & Electronics, Optical Media, Consumer, Automotive, Sheets, Films, Packaging, Medical, and Others) and by Region (Asia-Pacific, Western Europe, North America, and RoW) - Trends & Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/polycarbonate-resin-market-1326.html

Subscribe Reports from Chemicals & Materials Domain: http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

SOURCE MarketsandMarkets