PUBLISHER: Value Market Research | PRODUCT CODE: 1392297
PUBLISHER: Value Market Research | PRODUCT CODE: 1392297
The global demand for Engineering Polymers Market is presumed to reach the market size of nearly USD 215.09 BN by 2030 from USD 130.26 BN in 2022 with a CAGR of 6.47% under the study period 2023 - 2030.
Engineering polymers, also known as engineering thermoplastics, are a class of polymers that possess exceptional mechanical, thermal, and chemical properties, making them suitable for a wide range of engineering applications. Unlike commodity plastics, which are used for general purposes, these polymers are specifically designed to meet higher performance requirements in demanding environments.
The engineering polymers market is driven by diverse factors reflecting the demand for high-performance polymers in various industries. Automotive industry growth is a major driver, fueled by the need for lightweight materials and enhanced vehicle performance. Electronics and electrical applications benefit from engineering polymers with excellent insulating properties, supporting the production of electronic components. Consumer goods manufacturing, aerospace and defense applications, and the medical sector utilize engineering polymers for their durability and specific properties. Increasing construction activities globally contribute to the demand for these polymers in structural components and insulation materials. The market is also influenced by the rising demand for sustainable materials, leading to the development of bio-based and recyclable engineering polymers. Ongoing technological advancements, urbanization, the shift towards electric vehicles, and the resilience of engineering polymers to extreme conditions further contribute to the market's sustained growth. With applications across diverse industries, engineering polymers continue to play a pivotal role in meeting evolving industry requirements.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of engineering polymers. The growth and trends of engineering polymers industry provide a holistic approach to this study.
This section of the engineering polymers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Engineering Polymers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Engineering Polymers market include BASF SE, Asahi Kasei, Celanese Corporation, Covestro AG, AKRO PLASTIC GmbH, Deicel Polymer Ltd., Kawasaki Sanko Kasei Co. Ltd, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.