The key player has estimated that the total market for Engineering Plastics Compounds would be around $x million in 2021 and is projected to grow at a CAGR of x% during the forecast period 2021-2031. An excellent alternative to metal, glass or even ceramics, Engineering plastic compounds are being increasingly finding place in most demanding applications owing to their mechanical strength, heat resistance, and chemical attack resistance properties. They have found unique potential in applications such as automotive and industrial, renewable energy, medical technology and transport. Engineering plastic compounds encompasses a number of plastics under its umbrella, among which polyamide, polycarbonate, Styrenics (ABS & SAN), Poly butylene Terephthalate (PBT), Polyoxymethylene (POM), Polymethyl methacrylate (PMMA) and Thermoplastic Elastomers (TPE) are the most prominent one’s.

Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.

What are the Challenges in the Global Engineering Plastic Compounds Market?
Polycarbonate plastics are difficult to recycle mechanically due to the low quality of the recovered material, while many chemical recycling processes use harsh reagents or conditions. Since polycarbonate is made up of petroleum and is non-biodegradable its landfills have proven to be a nightmare. It is of concern that the accidental dumping of plastics into oceans have resulted in mammals and birds starving to death and fish ingesting toxins that may make them dangerous to eat. Annually, large amounts of CDs are discarded worldwide. The non-biodegradable polycarbonate results in serious pollution issues. Although there are techniques being devised to recycle CDs, these are not very suitable and innovative methods. Further to this, recycling of plastic compounds has proven to be a far biggest challenge as it involves different combinations of dyes, fillers, and additive added to the polymers, which leads possess different melting points and other properties.

Regional Analysis
Asia Pacific region is predicted to hold the largest share in the engineering plastics compound market owing to rapidly growing economies such as China and India, and ASEAN countries including Malaysia and Thailand. The major factor driving their growth is the increasing investments due to the high consumption of engineering plastic compounds. Owing to the increase in disposable income, the consumer buying pattern has changed; it has been influenced by globalization and westernization. These countries are also attracting attention of foreign investors to set up manufacturing plants and generate employment and revenue in the countries. This has created many opportunities for global manufacturers to set up their plants in the emerging economies.

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How the Engineering Plastic Compounds Market report helps you

  • In summary, our 510+ page report provides you with the following knowledge:
  • Which product could be the best investment opportunity in coming years?
  • Which region could be the most potential for expansion and cost effective?
  • What are Supply and demand considerations for Engineering Plastic Compounds?
  • What is the Status of Global Demand of Engineering Plastic Compounds?
  • Which are the Substitutability Issues for Engineering Plastic Compounds?
  • Engineering Plastic Compounds Demand Knowledge & Analysis by Country
  • Which are the Factors Affecting Demand in Long Run?
  • Which regions could see demand maturing in the near future in certain segments?
  • How will opportunities in key growth areas affect the emerging political and economic scenario?
  • In different segments, what are some of the value-grab opportunities?
  • Revenue forecasts to 2031 for Engineering Plastic Compounds Market, with forecasts for Type Application, each forecasted at a global and regional level– discover the industry’s prospects, finding the most lucrative places for investments and revenues
  • In addition to revenue forecasting to 2031, our new study provides you with recent results, growth rates, and market shares
  • Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), product profiles and commercial developments.

Discover sales predictions for the Engineering Plastic Compounds market and submarkets

Global Engineering Plastic Compounds Market Segmentation

By Type

  • Polycarbonate (PC) Compound
  • Polyamide (PA) Compound
  • Polymethyl Methacrylate (PMMA) Compound
  • Polyacetal/Polyoxymethylene (POM) Compound
  • PBT Compound
  • Acrylonitrile Butadiene Styrene (ABS) Compound
  • Styrene–Acrylonitrile (SAN) Compound
  • Thermoplastic Elastomer Compound
  • Others (UHMWPE, LCP ASA, PI, PVDF, etc.)

By Application

  • Automotive
  • Aerospace
  • Electrical and electronics
  • Building and construction
  • Consumer goods and appliances
  •  Medical
  • Others (Packaging, Industrial applications including abrasion-resistant and corrosion-resistant liners, etc.)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa