Global Engineering Plastic Market Exhibiting Promising Growth

Global Engineering Plastic market is anticipated to grow at a CAGR of around 6% during the forecast period 2015-2020 says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 04/06/2015 -- Engineering plastics exhibits high dimensional stability, good heat and chemical resistance and high strength. Apart from this each type of engineering plastic has its own unique set of properties making them the material of choice in several applications. Due to this reason the application of engineering plastic is extensive and is growing at a fast pace. Global Engineering Plastic market is displaying vibrant signs of huge future potential. The market is experiencing rapid growth, which is expected to continue in the near future, mainly driven by ability of engineering plastics to replace metals in various end user industries.

Furthermore, a lot of research work is going on around the world to ensure fast and widespread commercialization of the technology. Increased applications in building & construction industry and growing interior, exterior and under the hood applications in automobile industry, supplement its consumption in developing countries. These countries would serve as the upcoming opportunities for the engineering plastic market. Considering the above factors, the global engineering plastic market is projected to grow at a CAGR of around 6% during the forecast period of 2015-2020.

Research Analysis & Highlights

The report "Global Engineering Plastic Market Outlook 2020", by RNCOS spread over 65 pages provides an in-depth research and rational analysis of the current status and future growth prospects of the engineering plastic market on globe. Our research includes profound study of the market by type and region. Besides that, the report exhibits the emerging trends and drivers globally which are boosting the engineering plastic industry growth.

Additionally, to provide a comprehensive view, an in-depth study of major engineering plastic market has been covered in the report which includes countries such as US, China, Germany, India etc. This section covers engineering plastic market in value terms in each of these countries till 2020.

Further, through the section of key players, we have tried to provide the insight of current market scenario and existing competition to our customers. Additionally, we have also covered the key financials and recent activities by these players to build up position in the engineering plastic market. As a whole, the report presents a comprehensive look at the sector's past, present, and future scenario.

Some of the report's key highlights include:

- Automotive & transportation industry is driving the market growth
- Demand in Asia-Pacific region is impelling the engineering plastic market
- Green vehicles signifies high growth potential for the market
- Substitution of metal by engineering plastic is escalating the market
- Research and development to improve grades of engineering plastics is driving the market

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.