Auto & Transportation Industry Is Impelling the Market Growth

The growth of automobile industry presents significant opportunity for engineering plastic market, says RNCOS.


Noida, UP -- (SBWIRE) -- 04/10/2015 -- One of the most crucial types of plastics is engineering plastics, which is utilized to have wide applications across a range of industries. These plastics persuade to have superior mechanical properties, as compared to what commodity plastic possesses. The engineering plastic market has been transformed in the recent years, owing to its superiority over metals, which imparts high heat resistance to the end product and reduces the weight of the end products. With these developments and increase in future demand for engineering plastic in new application areas, the global engineering plastic market is expected to grow at a CAGR of 6% during 2015-2020, says RNCOS in its latest research report.

According to our report, the global automotive plastics industry is in boom mode. Improvements in vehicle design and the ongoing trend toward lighter weight for improved fuel efficiency have led to greater demand for engineering plastic components. In the recent years the use of engineering plastic is gaining popularity in the automotive & transportation industry and is being used in the several interior, exterior and under-the-hood applications.

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.

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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.