At 7+% CAGR, Engineering Plastics Market Potentially Worth $108.68 Billion by 2026 Led by Automotive & Transportation Industry

PUNE, India, Dec. 11, 2016 /PRNewswire-iReach/ -- The engineering plastics market in industrial & machineries to register fastest growth. The use of engineering plastics in industrial & machinery equipment is growing at a high rate. The demand for light weight, durable, ergonomic and rust free materials is driving the industrial segment. Power tools, hand-held tools, movers, and so on are finding increased usage of engineering plastics. The Asia-Pacific region is the fastest growing in the industrial & machineries segment in the global engineering plastics market. Complete report on "Global Engineering Plastics Market" spread across 190 pages, profiling 10 companies and supported with 158 tables and 54 figures is now available athttp://www.rnrmarketresearch.com/engineering-plastics-market-by-type-acrylonitrile-butadiene-styrene-fluor-polymer-polyamide-polycarbonate-polyoxymethylene-thermoplastic-polyesters-and-others-applications-and-geography-tre-market-report.html .

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Automotive & transportation is estimated to be the largest application in the global engineering plastics market. The automotive & transportation application is projected to be the largest owing to the increased demand for weight reduction and to improve fuel efficiency. Engineering plastics are used in automotive interiors, exteriors, under hood, power train applications, and so on. The easy processing ability of these materials is further driving the demand for engineering plastics in the automotive industry.

The Asia-pacific region is expected to be the largest and the fastest-growing market for engineering plastics. The high growth rate in the region is due to the increasing demand from countries such as China, Japan and India. China is estimated to be the largest market for engineering plastics in the Asia-Pacific region, followed by India and Japan. India is estimated to be the fastest-growing market in the region as well as globally. Growth in the automotive industry, electrical, electronics & semiconductor manufacturing, increasing exports of television sets and other consumer appliances, have led to the high demand for engineering plastics considerably. The high growth economies of the ASEAN, India, and Taiwan are driving the Asia–Pacific Region Engineering Plastics Market.

Engineering plastics are lighter and have greater durability than materials such as glass and metals, and outperform metals, as these are corrosion and abrasion resistant. Engineering plastics are finding increased usage in various applications such as, automotive & transportation, electrical & electronics, consumer appliances, industrial equipment, and other applications.

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The companies profiled in this market research report are, BASF SE (Germany), Covestro (Germany), Solvay S. A. (Belgium), Celanese Corporation (U.S.), E. I. du Pont de Nemours and Company (U.S.), LG Chem Ltd. (South Korea), Saudi Basic Industries Corporation (Saudi Arabia), Evonik Industries AG (Germany), Lanxess AG (Germany), and Mitsubishi Engineering-Plastics Corporation (Japan). Make an Inquiry on "Engineering Plastics Market by Type (PC, ABS, PET & PBT, POM, Fluoropolymers), Application (Automotive & Transport, Industrial & Machinery, Packaging, Consumer Appliances) - Global Forecast to 2026" research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=204817 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (37%), Tier 2 (47%) and Tier 3 (16%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (46%), Directors Level (36%) and others (18%) from various key organizations operating in the global engineering plastics market. The primary interviews were conducted worldwide covering regions such as North America (26%), Europe (30%), Asia-Pacific (22%), Middle East & Africa (9%), and South America (13%).

Research Coverage: This research report categorizes the global engineering plastics market on the basis of application, type and region. The report includes detailed information regarding the major factors influencing the growth of the global engineering plastics market such as drivers, restraints, challenges, and opportunities. The detailed analysis of key industry players provides insights into business overviews, products & services, key strategies, investments & expansions, mergers & acquisitions, and recent developments associated with the market.

On a related note, another research titled Engineered Foam Market Global Forecast to 2026says, the global engineered foam market was estimated at USD 57.30 billion in 2016, and is expected to reach USD 122.30 billion by 2026, at a CAGR of 7.9% from 2016 to 2026. Polyurethane: the largest segment of the market, based on material type. Aerospace & defense industry dominated the global engineered foam market in 2015 and is expected to dominate the market during the forecast period. Asia-Pacific: the fastest-growing regional market for engineered foam. Companies such as The DoW Chemical Company (U.S.), BASF SE (Germany), Bayer AG (Germany), Sekisui Chemical Ltd. (Japan), Huntsman Corporation (U.S.), Trelleborg AB (Sweden), Inoac Corporation (Japan), Recticel NV/SA (Belgium), Vita (Lux III) S.à r.l. (U.K.), Armacell GmbH (Luxembourg), Foamcraft Inc. (U.S.), FoamPartner Group (Switzerland), Future Foam Inc. (U.S.), UFP Technologies Inc. (U.S.), and Rogers Corporation (U.S.) have been profiled in this 190 pages research report available at http://www.rnrmarketresearch.com/engineered-foam-market-by-material-type-polyurethane-polystyrene-polyolefin-form-flexible-rigid-spray-end-user-aerospace-defense-medical-healthcare-transportation-manufacturing-construction-reg-st-to-2026-market-report.html .

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