“United States Engineering Plastics Market“ offer significant and proficient insights into the current market scenario and the emerging growth dynamics. The report on United States Engineering Plastics Market provides the market players as well as the new visitors to show complete view of the market landscape. The comprehensive research will enable the well-established as well as the emerging players to establish their business strategies and achieve their short-term and long-term goals. The report also presents a significant evaluation of the scope of the regions and where the key participants might find potential growth opportunities in future.
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The United States Engineering Plastics Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered financial information of last 3 years, key development in past five years.
The market for engineering plastics in the United States has been estimated at USD 13,792.30 million in 2017. The market is expected to portray a healthy CAGR of 4.33% over the forecast period (2018 – 2023). Engineering plastics, a segment of the plastic industry, are used in applications that require high performance with respect to thermal stability, chemical stability, impact resistance, mechanical strength, and dimensional stability. The specific categorization of these materials is due to their utility in various applications that require higher performance than commodity materials and require engineering to design customized products. Engineering plastics are gradually replacing metal from construction and automotive industries due to their durability, designing flexibility, high strength-to-weight ratios, and low densities.
Growing Popularity of Bio-based PET Driving the Market
Considering the side-effects of petrochemical-based plastics, the popularity of bio-based products is rising globally. Since PET is favorably used in the food & beverages packaging industry; this bio-based product trend is creating a direct impact on the PET demand. Owing to the flexibility of recycling and significant reduction in the weight due to bio-based technology, this product category turns to be one of the most favored products in multiple end-user industries such as automotive, electrical & electronics, and food & beverages packaging industry, among others.
Polyethylene Terephthalate (PET) the Dominant Product Type
Polyethylene terephthalate (PET) is a thermoplastic polyester engineering resin. PET resins are known for their excellent melt flow characteristics, close molding tolerances and high productivity from multi-cavity molds. Due to its broad mechanical and electrical properties, PET is often used to replace metals in motor housings, switches, sensors, and other electrical applications. Demand for PET is majorly driven by the automotive and packaging industry. For instance, Coca-Cola developed the concept of recyclable plant bottles, which are made of PET plastics, partially manufactured from plants. This helped the company to focus on using bio-based PET for packaging its beverages, and at the same time, to promote environmental awareness among its consumers.
May 2017: Celanese Corporation has acquired the Nylon compounding business of the Nilit Plastics Division.
Major Players: BASF SE, Bayer, Poly Plastic Co. Ltd, and Mitsubishi Engineering-Plastics Corporation, among others
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Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
Various market perspectives, with the help of Porterâs five forces analysis
Regions or countries that are expected to witness the fastest growth during the forecast period
Product segment, which is going to dominate the market over the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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United States Engineering Plastics Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of United States Engineering Plastics Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
- To define, describe, and analyze the United States Engineering Plastics market on the basis of product type, application, and region
- To forecast and analyze the size of the United States Engineering Plastics market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
- To forecast and analyze the United States Engineering Plastics market at country-level in each region
- To strategically analyze each submarket with respect to individual growth trends and its contribution to the United States Engineering Plastics market
- To analyze opportunities in the United States Engineering Plastics market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in United States Engineering Plastics market report:
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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United States Engineering Plastics Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in United States Engineering Plastics trade
Marketing Channel Development Trend
United States Engineering Plastics Market Positioning
Distributors/Traders List enclosed in Positioning United States Engineering Plastics Market
United States Engineering Plastics Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leaders revenue forecasts till 2024. In conclusion, United States Engineering Plastics Market 2019 report presents the descriptive analysis of the United States Engineering Plastics Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the United States Engineering Plastics Market competitors.
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