Future Market Insights delivers key insights on the global engineering plastics market in an upcoming research publication titled, “Engineering Plastics Market: Global Industry Analysis and Opportunity Assessment, 2016 – 2026”. The global engineering plastics market is projected to register a healthy CAGR of 7.2% in terms of value and 5.7% in terms of volume during the forecast period. Future Market Insights analyses the market performance and provides information on the key factors and trends impacting market growth over the forecast period 2016–2026.

The report segments the global engineering plastics market on the basis of Product Type into Polyamides (PA), Polycarbonates (PC), Polyoxymethylene (POM), Polybutylene terephthalate (PBT), Acrylonitrile butadiene styrene (ABS) and Styrene Acrylonitrile (SAN), High Performance Polymers, Fluoropolymers, Polymethyl methacrylate (PMMA), and Others (includes UHMWPE/UHMW, TPI alloys and blends, etc.); and on the basis of Application into Automotive and transportation, Electrical and electronics, Construction, Medical, Industrial and machinery, Packaging, and Others (includes furniture and fixtures, sports goods, leisure products, etc.). The Automotive and transportation segment is increasingly inclined towards adoption of engineering plastics products due to their various thermal and mechanical properties. The fuelling demand for engineering plastics is largely from automotive components such as fasteners and supports for chassis and power trains and body panel lens of head lamps as these parts require higher strength materials. Besides mechanical strength, engineering plastics help in reducing the overall weight of the vehicles. Bio-based engineering plastics that help reduce carbon footprint such as polyamides and polycarbonates are also in high demand. Packaging, electrical and electronics, and consumer goods are lucrative segments for bio-based engineering plastics ranging from stiff to flexible grades. Strong market growth is likely to be observed across high performance plastics such as PEI, PEEK, PSU/PES, PCTF, PVDC, PPSU, LCP, PPS.

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A growing use of engineering plastics by end user industries, especially automotive, transportation, and medical industries is expected to drive global demand over the forecast period. Rapid urbanisation, infrastructure development, and increased income levels across various end-user segments are other factors likely to boost the growth of the global engineering plastics market. However, high costs of engineering plastics, increasing use of alternative substitutes, and fluctuations in the cost of raw materials are expected to hamper the growth of the global engineering plastics market over the forecast period.

Global sales revenue of engineering plastics is expected to witness steady incremental growth during the forecast period. In the product type category, the high performance plastics segment is anticipated to register a healthy CAGR of 9.6% between 2016 and 2026, attributed to an increasing application in the medical industry. In the application category, the electrical and electronics segment is estimated to account for 36% value share of the global engineering plastics market by 2016, followed by the automotive and transportation segment (32.1%) and the construction segment (11.1%).