US Engineering Plastic Market, 2024-2030

Engineering plastics has such physical properties which are subjected to perform for prolonged use in structural applications, over a wide temperature range, under improvised mechanical stress, and in tough chemical and physical environments. Engineering plastics predominately used in the aerospace and automotive structural applications and electronic packaging.

The US engineering plastic market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the US engineering plastic market is growing at a fast pace and increasing its geographical footprint rapidly. The US engineering plastic market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The demand for engineering plastics in US has been at a rise, owing to the growing demand from the US automotive & transportation industry. In the last few years, the US automotive industry has witnessed major transformation with the digitization and electrification of vehicles. Moreover to gain mechanical stability along with to reduce vehicular weight engineering plastics are used in automobile manufacturing, and hence they are useful to reduce emissions.

The high cost of engineering plastics along with availability of substitutes like few other polymer resins arerestraints forthe market.

The US engineering plastic market has remarkable usage across all major regions in the US including west, southwest, northeast, southeast, and mid. Key players in the markets are Celanese, DowDuPont, BASF, Solvay, and so on.

Research Methodology

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

Hence, the engineering plastics market has been divided based on types as PC, ABS, PA-6, PA-66, PET, and similar other. All types of engineering plastics were mapped for different end use sectors within US region. Findings were later integrated for a consolidated report.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations. This allowed a 360 view of the industry dynamic. Market Krystal held more than 30 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the US engineering plastic industry dynamics
• Estimation of the present US engineering plastic market size in terms of value and volume
• The US engineering plastic market breakup based on type and application
• Substantiated the US engineering plastic market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of the US engineering plastic industry value chain