- Liquid-Crystal Polymers (LCPs)
- Polyether Ether Ketone (PEEK)
- Polyimide (PI)
- Polyphenylene Sulfide (PPS)
- Polysurfone (PSF)
- Others
Special Engineering Plastics Market estimated to be valued US$ 549.3 million in 2022 and poised to grow at significant CAGR of 6.2% from 2023-2029. Some of the key factors influencing the market growth include increasing application of special engineering plastics from automotive & healthcare industries, advancement in production technology, increasing demand for polyamides for 3D printing and the growth of small and medium enterprises in emerging economies. However, high cost of special engineering plastics hampers the market growth. Global special engineering plastics market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in Feb 2017, Asahi Kasei Corp. expanded its business by opening a new engineering plastics technical center as part of a strategic focus to expand its European automotive-related business. The new technical center will enable Asahi Kasei Europe GmbH to swiftly develop engineering plastic compounds and provide technical solutions that meet the needs of European customers in the automotive industry. This report gives comprehensive outlook on special engineering plastics across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This report gives historical, current, and future market sizes (US$ Mn) on the basis of product, end user and region. This report studies global dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global special engineering plastics market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global special engineering plastics market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global special engineering plastics market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global special engineering plastics products.
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Fastest Growing Market
The role of plastic in the design and manufacturing of automotive vehicles has never been more essential, with stringent regulations and changing consumer habits driving demand for more affordable, lightweight, and fuel-efficient vehicles. As the most important lightweight car materials, engineering plastics are finding increasingly more applications in the automobile sector. Engineering plastics can reduce the weight of auto parts by 40%. When car deadweight is reduced by every 100kg, per 100km fuel consumption can be reduced by 0.3~0.5L and per km CO2 remission can be reduced by 8~11g. In addition, application of plastic auto parts can improve the functions of auto parts, streamline manufacturing process, improve vehicle comfort and safety, reduce production and maintenance cost and provide greater design flexibility.Engineering plastics can find applications in every part from exterior trim, interior trim to functional components and structural components. Engineering plastics can be modified via physical, chemical or physical/chemical combined approaches, including blending (alloying), copolymerization (grafting) and filler reinforcement. Modification can substantially improve the performance of engineering plastics.
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa (MEA)
The key segments covered in the Special Engineering Plastics Market are technology, components, application, and end-users.
The Special Engineering Plastics Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The Special Engineering Plastics Market key players Arkema, Asahi Kasei Corporation, Centroplast Engineering Plastics GmbH, Cytec Solvay Group, DSM Engineering Plastics, I. du Pont de Nemours, and Company, ELANTAS GmbH, Ensinger, NTN Corporation, PolyPLASTY sro, Quadrant AG, RTP Company, SABIC TOYOBO CO.LTD., Victrex plc
15. Key Assumptions and Acronyms