1. What is the projected Compound Annual Growth Rate (CAGR) of the Special Engineering Plastics Market?
The projected CAGR is approximately 6.8%.
Special Engineering Plastics Market by Type (Aromatic Polyester (ARPES), by Application (Automotive & Transportation, Electrical & Electronics, Packaging, Building & Construction, Consumer Goods, Industrial Applications, Health Care, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Special Engineering Plastics Marketsize was valued at USD 122.8 Million in 2023 and is projected to reach USD 187.2 Million by 2032, exhibiting a CAGR of 6.8 % during the forecast period. Special engineering plastics are better-grade polymer materials used in severe applications and offer high mechanical strength, and chemical and heat resistant material. Some of the common ones include polyetheretherketone (peek), polyamide-imide (pai), polyphenylene sulfide (PPS), and liquid crystalline polymers (lp). The following plastics are illustrated to demonstrate good strength, stiffness, and dimensional stability attributes which in some cases are superior to conventional plastics. These materials are useful in aerospace technology, the automotive industry, electronics, and medical applications in which durability and efficiency in operation at high temperatures are very important. This category is preferred for several reasons because they offer the same functionality as metals but have several better advantages such as being lightweight materials that do not corrode therefore providing more design freedom and are cheaper in the long run.
Type:
Application:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.8% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 6.8%.
Key companies in the market include The key players in the special engineering plastics market include SINOPLAST GROUP LIMITED, Arkema, Asahi Kasei Corporation, Centroplast Engineering Plastics GmbH, Cytec Solvay Group, DSM Engineering Plastics, E. I. du Pont de Nemours and Company, ELANTAS GmbH, Ensinger, NTN Corporation, PolyPLASTY sro, Quadrant AG, RTP Company, SABIC, TOYOBO CO., LTD., and Victrex plc..
The market segments include Type, Application.
The market size is estimated to be USD 122.8 USD Million as of 2022.
Increasing Demand from Paints & Coatings Industry to Boost the Solvents Market Growth.
N/A
Hazardous Impacts Caused by Chemical Solvents to Hamper Market Growth.
N/A
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