Market Trends

Engineering Plastics Market Overview: Engineering plastics are performance polymer materials that have better mechanical and thermal properties than the more widely used commodity plastics such as polystyrene, PVC, polypropylene and polyethylene. Owing to its peculiar traits such as stability, flame resilient, chemical resilient, exceptional machinability, dimension constancy, wear resistance, and minimal damaging friction, it has found tremendous scope of applications in various industries including automotive, aerospace, building and construction, mechanical, and medical. Capitalizing on the industrial trend of ‘lightweighting’ engineering plastics have been successfully replacing other engineering materials such as wood and metal and its global market size is valued at around $79716 million as of 2018. The analyst of this business intelligence report has tracked the engineering plastic market to be progressing at a global CAGR of around 6.6% during the forecast period of 2019-2025.