Engineering Plastics Market was Estimated at 14,259 Kilotons in 2014

Date: 2015-10-19

The market size for engineering plastics was estimated at 14,259 kilotons in 2014. In terms of value, Asia-Pacific was the largest market of engineering plastics, accounting for more than 40% of the global market and is projected to register a CAGR of 8.9% between 2015 and 2020. Europe accounted for the second-largest share of the global engineering plastics market in 2014.

The demand for engineering plastics is expected to increase with the growing automotive & transportation industry.  Consumer appliances application accounted for the largest market share in 2014 whereas the automotive & transportation application is projected to register highest growth over the next five years.

The report also includes company profiling and competitive strategies adopted by various market players. Some of the major companies operating in this market are BASF SE (Germany), Covestro (Germany), Solvay SA (Belgium), Celanese Corporation (U.S.), E. I. DuPont (U.S.), LG Chem (South Korea), Sabic Innovative Plastics (Saudi Arabia), Evonik Industries AG (Germany), Lanxess AG (Germany), and Mitsubishi Engineering Plastics Corporation (Japan), among others.

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