Engineering Plastic Compounds Market was valued at USD 7.45 Billion in 2022 and is projected to reach USD 12.96 Billion by 2030, growing at a CAGR of 7.1% from 2024 to 2030.
The global engineering plastic compounds market was valued at approximately USD 45.2 billion in 2022. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.8% from 2023 to 2030. This growth is driven by the increasing demand for high-performance materials across various sectors, including automotive, aerospace, and electronics. The advancements in material science and technology are leading to the development of more efficient and durable plastic compounds, which are anticipated to contribute significantly to market expansion. Additionally, the rising focus on sustainability and the adoption of lightweight materials are further propelling the growth of this market segment. Opportunity analysis reveals substantial growth prospects in emerging markets, particularly in Asia-Pacific and Latin America. These regions are witnessing rapid industrialization and urbanization, creating a higher demand for engineering plastic compounds. The automotive and electronics industries in these areas are expanding, driven by increased consumer spending and technological advancements. Furthermore, governments' initiatives to enhance infrastructure and promote green technologies are expected to open new avenues for market players. As a result, companies are likely to focus on these emerging markets to capture a larger share of the growing demand for engineering plastic compounds.
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Asahi Kasei
BASF
Celanese Corporation
Covestro
RTP
Daicel Polymer
Formulated Polymers
Eurostar Engineering Plastics
Piper Plastics
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Engineering Plastic Compounds Market
Automotive & Transportation
Aerospace
Electrical & Electronics
Building & Construction
Consumer Goods & Appliances
Industrial Applications
Medical
Others
Based on Types the Market is categorized into Below types that held the largest Engineering Plastic Compounds market share In 2023.
PC
PA
PET
PBT
PPE/PTFE
ABS
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Engineering Plastic Compounds Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Engineering Plastic Compounds Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Engineering Plastic Compounds Market, By Type
6. Global Engineering Plastic Compounds Market, By Application
7. Global Engineering Plastic Compounds Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Engineering Plastic Compounds Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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