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
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
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
Change language