Predominantly driven by easier manufacturability, and cost efficiency, engineering plastic compounds continue to witness adoption across a spectrum of commercial application areas. Soaring preference over conventional counterparts like glass, metals, ceramics, and wood is expected to account for growth of engineering plastic compounds market according to a recent report released by Fairfield Market Research. The study provides detailed market forecast, and competition analysis of global engineering plastic compounds landscape between 2021 and 2025. While the market size is projected to reach US$26.9 Bn toward the end of forecast period, it is estimated to see 5.7% growth. Among all popular engineering plastic compounds, polycarbonates are expected to maintain dominance through 2025 at an estimated CAGR of 6.2%. Polyamides are likely to follow, attributing to rising boom around electric vehicles (EVs).

For more information about this report @ https://www.fairfieldmarketresearch.com/report/engineering-plastic-compounds-market

Key Consumer Industries Increasing Prefer Engineering Plastic Compounds

Growing application in medical devices industry, and food packaging sector will further uplift growth prospects of market, clearly attributing to superior impact resistance, and higher thermal and chemical resistance of engineering plastic compounds. Moreover, mechanical strength of engineering plastic compounds will continue to make it desirable over other traditional materials and commodity plastics, thereby pushing market performance. Sales are likely to heighten as adoption soars within key consumer industries like building and construction, automotive, consumer products, and electrical and electronics. Increasing demand for abrasion- and corrosion-resistant lines for a variety of industrial applications is also expected to uphold market potential of engineering plastic compounds.

Table Of Contents

1. Executive Summary
1.1. Global Engineering Plastic Compounds Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Analyst Recommendations


2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Key Trends
2.3. Supply Chain Analysis
2.4. Economic Overview
2.5. Factorization Analysis
2.5.1. Political Factors
2.5.2. Economic Factors
2.5.3. Social Factors
2.5.4. Technical Factors
2.6. Porters Five Forces Analysis
2.7. Covid-19 Impact Analysis
2.7.1. Effects on Plastic Industry
2.7.2. Heat Map, by Industry
2.8. Regulatory Analysis

Complete TOC…

EV Market Expansion to Benefit Engineering Plastic Compounds Market

Demand for engineering plastic compounds is all set to experience a boom with the swelling market for EVs. With ballooning market potential of lightweight, fuel-efficient, sustainable vehicles, automakers will most likely record higher uptake of engineering plastic compounds as a means to achieve the desired vehicle attributes. Sales will further build up as engineering plastic compounds also account for superior endurance, and cost efficiency of concerned automotive components. These compounds also allow a lot of design freedom when compared to other conventionally used material counterparts in automotive industry. This remains another strong factor that will continue to account for accelerated consumption of engineering plastic compounds.

Key Market Players – Global Engineering Plastic Compounds Market

Covestro AG, and BASF SE continue to be at the forefront in engineering plastic compounds market. In addition, the report covers some other prominent companies under its competition analysis section. Some of the profiled players include SABIC, Asahi Kasei Advance Corporation, Buss AG, Celanese Corporation, Lanxess AG, Idemitsu Kosan Company Ltd., RTP, Piper Plastics, Wittenburg Group, Triseo LLC, Formulated Polymers, Daicel Polymer, and Eurostar Engineering Plastics. As capacity expansion becomes a priority for many, Asia Pacific is likely to emerge lucrative for their new plant establishments.

Engineering Plastic Compounds Market Press Release: https://www.fairfieldmarketresearch.com/press-release/global-engineering-plastic-compounds-market

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