Innocent Information

Engineering Plastics Market’s Opportunities and Challenges

 Breaking News
  • No posts were found

Engineering Plastics Market’s Opportunities and Challenges

October 19
18:24 2019
Engineering Plastics Market’s Opportunities and Challenges

Browse 157 market data Tables and 39 Figures spread through 171 Pages and in-depth TOC on “Engineering Plastics Market”
Engineering Plastics Market by Type (Polycarbonate, Polyamide, ABS, PET & PBT, POM, Fluoropolymers), End-Use Industry (Automotive & Transport, Electrical & Electronics, Industrial & Machinery, Packaging, Consumer Appliances)

The engineering plastics market size was USD 75.39 billion in 2017 and is projected to reach USD 115.10 billion by 2023, at a CAGR of 7.2% from 2018 to 2023.

Downloads PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=687

Browse 157 market data Tables and 39 Figures spread through 171 Pages and in-depth TOC on “Engineering Plastics Market”

Increasing demand from emerging markets

The economy of APAC countries such as China and India is growing rapidly. South Asian countries like Indonesia, Taiwan, and South Korea are also witnessing fast growth. The primary driver behind their growth is the increasing population. With the increase in disposable income, the consumer buying pattern has changed, it has also been influenced by globalization and westernization. With a growing population, end-use industries such as automotive & transportation, electrical & electronics, consumer appliances, and packaging are growing. These industries have shown steady growth in the past few years, and this scenario is expected to remain the same during the forecast period. The growth of the automotive sector has resulted in increased demand for engineering plastics. The booming electrical & electronics sector is also driving the growth of the engineering plastic industry.

Countries such as India, Taiwan, and Indonesia are witnessing a fast growing chemical industry. These countries are welcoming foreign investments and manufacturers to set up manufacturing facilities. This has created a lot of opportunities for global manufacturers operating in the engineering plastics market to set up their plants in this region.

Request for Sample of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=687

Public perception

Plastics, in general, are considered harmful to environment & sustainability and are frequently criticized by environmental NGOs and watchdogs. The plastics used in automotive and packaging industry are especially criticized for their role in solid waste disposal issues and economic recycling. Due to excessive criticism which follows, the automotive industry and packaging industry is moving cautiously on further integration of engineering plastics in their products. The public perception sometimes dictates that in spite of the recycling efforts, the products which are not recycled are exposed to open atmosphere, burnt, or even mixed in the marine life. There have been efforts by many organizations for mass mobilization against the use of plastics, especially in the packaging industry. These factors act as restraint in the further development of the engineering plastics market.

Related Reports:

Thermoforming Plastic Market by Plastic Type (PP, PS, PET, PE, PVC, Bio-plastics, ABS), Thermoforming Type (Vacuum Formed, Pressure Formed, Mechanical Formed), Parts Type (Thin Gauge, Thick Gauge), End-use Industry, and Region – Global Forecast to 2024

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” 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.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/engineering-plastics-market-687.html