Engineering Plastics Market

Introduction

Engineering plastics are a group of plastic materials which have better thermal and mechanical properties than the normal regular use plastics such as polythene PVC, polystyrene and polypropylene. These plastics are produces in less quantity and are more expensive than normal plastics, these plastics are used in low volume applications such as mechanical parts. Acrylonitrile butadiene styrene, polycarbonates are some example of engineering plastics.

Growth in the End-user Industries, Growth in the Developing Regions Increasing the Demand, Engineering Plastics Replacing Traditional Materials in End-user Applications and Growth in the End-user Industries are some of the driving forces for engineering plastic market. With Increasing Raw Material Prices and Competition from other Polymers are some factors that are restraining the growth of this market. This market is expected to have double figure CAGR growth with APAC as the growing market.

Market Segmentation

BASF SE, Bayer Material Science, CHI MEI Corp., DSM N.V., DuPont, Evonil Industries, Invista, Lanxess AG., Mitsubishi Engineering Plastics Corp., Polyplastics Co. Ltd., Rhodia SA, Sabic Innovative Plastics, Teijin Ltd., The DOW Chemical Company Ticona GmbH. And Yunnan Yuntianhua Co. Ltd. are some of the key players in Plastic Engineering market.