Engineering Plastics Market Poised For Growth in Europe
Expanding construction industry around the globe due to increasing investment by government in the sector is expected to accelerate the market growth of engineering plastics. According to the Coherent Market Insights analysis, according to Global Construction Review, globally capital projects and infrastructure spending are expected to more than US$ 9 trillion by 2025. Moreover, according to World Bank Data, the number of cities with a population exceeding 1 million has increased from 270 in 2001 to around 500 in 2015. It is expected that this number will increase to 670 such cities in 2030. This means that the demand for commercial and residential establishments will grow significantly over the forecast period. Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/engineering-plastics-market-2162
Expanding construction industry around the globe due to increasing investment by government in the sector is expected to accelerate the market growth of engineering plastics. According to the Coherent Market Insights analysis, according to Global Construction Review, globally capital projects and infrastructure spending are expected to more than US$ 9 trillion by 2025. Moreover, according to World Bank Data, the number of cities with a population exceeding 1 million has increased from 270 in 2001 to around 500 in 2015. It is expected that this number will increase to 670 such cities in 2030. This means that the demand for commercial and residential establishments will grow significantly over the forecast period.
Get More Insights (at) https://www.coherentmarketinsights.com/market-insight/engineering-plastics-market-2162
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ENGINEERING<br />
PLASTICS MARKET<br />
<strong>Market</strong> Size (2019)<br />
US$ 81.6 BN<br />
CAGR (2019 –<br />
2027)<br />
8.0%<br />
© Coherent <strong>Market</strong> Insights. All Rights Reserved
Segmentation (Scope)<br />
By Product Type<br />
‣ Polyamides (PA)<br />
‣ Polycarbonates (PC)<br />
‣ Acrylonitrile butadiene styrene<br />
(ABS) and Styrene Acrylonitrile (SAN)<br />
‣ Polyoxymethylene (POM)<br />
‣ Polybutylene terephthalate (PBT)<br />
‣ Fluoropolymers<br />
‣ Polymethyl methacrylate (PMMA)<br />
‣ High-performance eng<strong>in</strong>eer<strong>in</strong>g plastics<br />
(Include LCP, PEEK, PEI, PPO, PES, PSU)<br />
Others (Includes UHMWPE/UHMW,<br />
TPI)<br />
‣ Alloys and blends, etc.<br />
By Application<br />
‣ Automotive & Transportation<br />
• Interiors & Safety<br />
• Eng<strong>in</strong>e & Mechanical<br />
• Exteriors & Structural<br />
• Others (Include fuel systems,<br />
electrical and electronics)<br />
‣ Electrical & Electronics<br />
• Consumer Appliances<br />
• Others (Include light<strong>in</strong>g, optical<br />
media, wire & cable, electronic<br />
components)<br />
• Electronic Products<br />
‣ Construction<br />
• Glaz<strong>in</strong>g & Sky Light<strong>in</strong>g<br />
• Pipes and Fitt<strong>in</strong>gs<br />
• Others (Wall outlets,<br />
build<strong>in</strong>g bricks)<br />
‣ Medical<br />
• Diagnostics and Drug<br />
Delivery Systems<br />
• Medical Devices<br />
• Others (Include surgical<br />
<strong>in</strong>struments or thopedic<br />
implant and orthopedics)<br />
‣ Industrial and Mach<strong>in</strong>ery<br />
‣ Packag<strong>in</strong>g<br />
‣ Others<br />
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Major Drivers<br />
<br />
Ris<strong>in</strong>g demand for the<br />
eng<strong>in</strong>eer<strong>in</strong>g plastics from<br />
various end-user <strong>in</strong>dustries<br />
such as electronics,<br />
electrical, construction and<br />
medical around the world<br />
<br />
Grow<strong>in</strong>g automotive <strong>in</strong>dustry across<br />
the world<br />
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EUROPE<br />
<strong>Market</strong> Size<br />
US$ 19.5 BN<br />
ASIA PACIFIC<br />
<strong>Market</strong> Size<br />
US$ 20.5 BN<br />
CAGR<br />
5.8%<br />
CAGR<br />
7.0%<br />
Major Driver<br />
<br />
Increas<strong>in</strong>g consumption of eng<strong>in</strong>eer<strong>in</strong>g<br />
plastics <strong>in</strong> transportation and automotive<br />
<strong>in</strong>dustry <strong>in</strong> the region<br />
Major Drivers<br />
<br />
<br />
Grow<strong>in</strong>g <strong>in</strong>dustrialization <strong>in</strong> the region propelled<br />
the demand for the eng<strong>in</strong>eer<strong>in</strong>g plastic<br />
Increas<strong>in</strong>g urbanization <strong>in</strong> the region<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> Insights. All All Rights Rights Reserved Reserved
Major<br />
Players<br />
Arkema Group<br />
Asahi Kasei Corporation<br />
BASF SE<br />
Celanese Corporation<br />
Covestro<br />
DSM N.V.<br />
Dupont<br />
Lanxess<br />
LG Chem.<br />
Mitsubishi <strong>Eng<strong>in</strong>eer<strong>in</strong>g</strong>-<br />
<strong>Plastics</strong> Corporation<br />
Saudi Basic Industries<br />
Corporation (Sabic)<br />
Solvay SA<br />
Teij<strong>in</strong><br />
Toray<br />
Victrex Plc.<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> Insights. All All Rights Rights Reserved Reserved
Global <strong>Eng<strong>in</strong>eer<strong>in</strong>g</strong> <strong>Plastics</strong> <strong>Market</strong>, Revenue<br />
Share (%), By Application, <strong>in</strong> 2018<br />
XX%<br />
35.5%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
XX%<br />
Automotive and<br />
transportation<br />
Electrical and<br />
electronics<br />
Construction<br />
Ambient<br />
Industrial and<br />
Mach<strong>in</strong>ery<br />
Packag<strong>in</strong>g<br />
Others<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> Insights. All All Rights Rights Reserved Reserved
Global <strong>Eng<strong>in</strong>eer<strong>in</strong>g</strong> <strong>Plastics</strong> <strong>Market</strong><br />
– Opportunity Analysis<br />
Opportunity<br />
Analysis<br />
The grow<strong>in</strong>g end-use<br />
<strong>in</strong>dustries such as<br />
automotive, electrical<br />
medical and transportation<br />
<strong>in</strong>dustry around the world<br />
The grow<strong>in</strong>g market due to<br />
the <strong>in</strong>creas<strong>in</strong>g population and<br />
ris<strong>in</strong>g <strong>in</strong>come and<br />
urbanization across the globe<br />
© Coherent © Coherent <strong>Market</strong> <strong>Market</strong> Insights. All All Rights Rights Reserved Reserved
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