Engineering Thermoplastics Market Scope
Engineering thermoplastics are majorly used in the manufacturing process. These are used for durable assemblies which required to withstand demanding environment including industrial usage or weather cycles. These are low cost, strong, sturdy, and lightweight. It can easily be molded into any shapes and forms. These plastics are offered more design flexibility as compared to creating complex shapes. This offers unique performance across a wide temperature range. These plastics are used in various applications with exposure to weather and UV. Basically, they are having the simplest molecular structure, with chemically independent macromolecules. As few thermoplastics are used industrially in the two forms one is thermoplastics and the other is thermoset. The thermoplastic consumption is much more around 80% more than the total plastic consumption.
The market study is being classified by Type (Acrylonitrile, Butadiene, and Styrene (ABS), Acrylic, Polycarbonate, Nylon, Composites, Polyester, Urethane and Rigid PVC), by Application (Wheel Covers, Engine Covers, Instrument Panels, Automotive Trim, Cooling Fans and Shrouds, Under The Hood Parts and Tooling and Appliance Parts) and major geographies with country level break-up.
The global engineering thermoplastics market is highly competitive and having some of the leading players. In concern with the market share, some of the key players presently led the global market. These market players are utilizing strategic collaborative creativities to strengthening their market share and increase their profitability. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Engineering Thermoplastics market throughout the predicted period.
3M (United States), Arkema (France), Chevron Phillips Chemical Company (United States), SABIC (Saudi Arabia), Imerys (France), Ascend Performance Materials (United States), BASF (Germany), LyondellBasell (Netherlands), Greene, Tweed (United States) and DuPont (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are ExxonMobil (United States), Bayer (Germany) and Asahi Kasei (Japan).
AdvanceMarketAnalytics has segmented the market of Global Engineering Thermoplastics market by Type, Application and Region.
On the basis of geography, the market of Engineering Thermoplastics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In Jan 2019, Celanese Corporation announced the acquisition of Next Polymer Ltd., as Indiaís leading engineering thermoplastic s compounders. The agreement provides Celanese rapid growing business and established it as a leader in the Indian ETP market.
In Oct 2019, SABIC announced the launch of its polycarbonate-based renewable feedstock as part of its TRUCIRCLE. This shows SABICís strategic initiatives to extend its offering for the production polycarbonate resin based on the incorporation of renewable feedstock, in the engineering thermoplastics (ETP) portfolio.
- Advancement in the Distribution Channel of the Leading Companies
- Highest Demand of Polyester Type, and Followed By Polyamide
- Rising Number of Research and Development Innovations across the Globe
- Growing Demand for High-Quality Mineral Additives in Various Industry
- Growing Demand for the Replacement of Conventional Materials
- Rising Concern towards Environmental Issues
- Increasing Number of Small and Medium Size Organization across the Globe
- Increasing Demand from Growing Market Such As Automotive, Packaging, and Others
- Rising Manufacturers Concern towards Engineering Thermoplastics
- High Number of Substitutes
- Lack of Manufacturing Technology
- Lack of Consumer Awareness
- Less Market Share As Compared To Its Substitute Products
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Engineering Thermoplastics Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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