Pune, 19, April 2023: As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Engineering Plastic Compound Market” was USD 240.45 Bn in 2021 and is expected to grow at a CAGR of 7.9 percent over the forecast period to reach USD 441.78 Bn by 2029
Engineering Plastic Compound Market Report Scope and Research Methodology
The Engineering Plastic Compound Market report is a combination of primary and secondary data. The primary research method includes e-mail interactions, telephonic and face-to-face interviews while secondary data was collected from various sources such as annual or financial reports, government documents, company websites, industry white papers and investor presentations with paid and free databases, which helped to get the immense knowledge of the Engineering Plastic Compound market.
Primary data was conducted from Engineering Plastic Compound industry experts and experts in order to validate the data and analysis of the market. PESTLE analysis used for the report helps to understand the impact of the political, economic, social and technological factors on the Engineering Plastic Compound market. The bottom-up approach was used to estimate the global and regional Engineering Plastic Compound market size. In-depth information of drivers, restraints, challenges and opportunities has been provided in the report with the SWOT analysis to provide strengths and weaknesses of the Engineering Plastic Compound key players in the industry.
Engineering Plastic Compound Market Dynamics
During the forecast period, the market is expected to grow due to the increasing production of electronic devices and automotive components. The market is also expected to be driven by the advancements in material properties of engineering plastic compounds in order to make them multifunctional. The demand for Engineering Plastic Compounds is also increasing due to the rising awareness regarding electric cars and the increasing production of lightweight vehicles. The increasing competition from substitutes is hampering the growth of the market. The market growth is also expected to be restrained by the increasing prices of raw materials such as fluctuating prices of petrochemical and crude oil with the strong bio-based substitute potential.
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Engineering Plastic Compound Market Regional Insights
The Asia Pacific region dominated the global market with the largest Engineering Plastic Compound Market share of 41.27 percent in 2021. This growth of the market is attributed to the existence of a small number of domestic plastic compound manufacturers.
The Engineering Plastic Compound Market in the North America region is expected to grow at a rapid rate during the forecast period. The regional market is growing due to the rapid development of infrastructure.
Engineering Plastic Compound Market Segmentation
By Compound Type
- Polyethylene (PE)
- Polypropylene (PP)
- Poly Vinyl Chloride (PVC)
- Polystyrene (PS)
- Polyethylene Terephthalate (PET)
- Polybutylene Terephthalate (PBT)
- Polycarbonate
- Others
By Application
- Electrical & Electronics
- Building & Construction
- Consumer Goods & Appliances
- Automotive & Transportation
- Aerospace
- Industrial Applications
- Medical
Engineering Plastic Compound Market Key Competitors include:
- Polymer-Group
- Polyplastics Co., Ltd.
- Ravago Americas
- Asahi Kasei Corporation
- BASF SE
- Celanese Corporation
- Covestro AG
- RTP Company
- AKRO-PLASTIC GmbH
- Daicel Polymer Ltd.
- Eurostar Engineering Plastics
- Formulated Polymers Limited
- Ginar Technology Co. Ltd.
- HDC HYUNDAI EP COMPANY
- KAWASAKI SANKO KASEI Co., Ltd.
- Ngai Hing Hong Company Limited
- Piper Plastics, Inc.
- Teknor Apex
- Trinseo LLC
- WITTENBURG GROUP.
- Solvay SA
- DowDuPont
- SABIC
- LG Chem
- Lanxess
Table of Content for Engineering Plastic Compound Market
- Global Engineering Plastic Compound Market: Research Methodology
- Global Engineering Plastic Compound Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Engineering Plastic Compound Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Engineering Plastic Compound Market Segmentation
- Global Market, by Compound Type (2021-2029)
- Global Market, by Application (2021-2029)
- Regional Engineering Plastic Compound Market (2021-2029)
- Regional Market, by Compound Type (2021-2029)
- Regional Market, by Application (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key questions answered in the Engineering Plastic Compound Market are:
- What is the expected Engineering Plastic Compound Market size by 2029?
- Which Engineering Plastic Compound Market segment is expected to grow at a high rate during the forecast period?
- What are the factors driving the Engineering Plastic Compound Market growth?
- What are the challenges that Engineering Plastic Compound Market is expected to face in the future?
- What are the factors creating growth opportunities for the Engineering Plastic Compound Market?
- Which region held the largest Engineering Plastic Compound Market share in 2021?
- Which regional Engineering Plastic Compound Market is expected to grow at a high CAGR during the forecast period?
- Who are the key players in the Engineering Plastic Compound Industry?
- What are the strategies of the key players to increase their presence in the global Engineering Plastic Compound Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Compound Type, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:
Plastic Compounding Market – The market size is expected to reach USD 104.16 billion by 2029 at a CAGR of 6.5 percent during the forecast period. The market is expected to be driven by the increasing consumer demand in the electrical and electronics, automotive and construction industries.
Engineering Adhesives Market – The market size is expected to reach USD 38.54 billion by 2029 at a CAGR of 7.2 percent during the forecast period. The market is expected to be driven by the increasing investments by governments in the power generation industry.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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