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Europe engineering plastics market is expected to register a CAGR of 3.92% according to new research report

Industrial Market Research

This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Europe Engineering Plastics Market.

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The Europe Engineering Plastics Market has been estimated at USD 20,015.42 million in 2017. The market is Expected to Register a CAGR Of 3.92% During The Forecast Period, 2018 to 2023.

PET dominated the European engineering plastics market with nearly 27% share in Europe, while PEEK segment is estimated to register the fastest CAGR through the forecast period, 2018-2023.

GROWING POPULARITY OF BIO-BASED PET

PET is majorly used in the packaging industry, primarily for packaging of water (bottled), food and alcoholic beverages.

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It is a downstream product of crude oils, but with growing environmental concerns, and depleting oil reserves, engineering plastic manufacturers are shifting toward the development of bio-based PET. However, the bio-based PET market is still in its growth stage and is commercially available as a partially bio-based product.

The demand for engineering plastics in Europe have been at a rise majorly owing to the increasing demand from the automotive and transportation industry. In the last two decades, the European automotive industry has perceived a lot of transformation with the digitization of vehicles.

A further moderate growth in the coming is supported by the ongoing strengths in key economies, solid labor market, rising disposable income of people and low interest rates.

With the growing demand for engineering plastics, companies are developing products which can be used for new applications. Engineering plastic manufacturing companies, such as BASF, DowDuPont and Covestro, are consistently engaged in R&D activities to develop products that are environment-friendly and comply with regulations.

Furthermore, they have been investing in developing new technologies to continually enhance their competitive advantage in the industry.

Report: orbisresearch.com/contacts/request-sample/2081109

Germany Dominates the Market

Germany has the highest share in the market, accounting for nearly 25% of the European market share in 2017. The market for Germany is driven majorly because of the increasing demand for engineering plastics by the end user industries including electrical & electronics, automotive & transportation.

Additionally, the presence of automotive giants in the country, along with huge investments made in automotive R&D sector by companies, coupled with government support are propelling the growth of engineering plastics in Germany.

Key Developments in the Market

  • December 2017: DSM acquired BioCare Copenhagen to expand gut health ingredients portfolio with probiotics

Major Key Players are BASF SE, SOLVAY, DUPONT, SABIC, and DSM and Other Players Include A. SCHULMAN, INC., ARKEMA, ASAHI KASEI CORPORATION, ASHLAND CORPORATION, CELANESE CORPORATION, CHEMTURA CORPORATION, CHEVRON PHILLIPS CHEMICAL COMPANY, COVESTRO, DYNEON LLC, EASTMAN CHEMICAL COMPANY, EVONIK INDUSTRIES AG, INEOS, LANXESS, NOVA CHEMICALS CORPORATION, POLYPLASTICS CO., LTD., ROCHLING GROUP, TINSEO and TEIJIN LIMITED.

Browse Full Report with TOC: orbisresearch.com/reports/index/eu…ecasts-2018-2023

 

Reasons to Access this Report

  • Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
  • Various market perspectives, with the help of Porter’s five forces analysis
  • Regions or countries that are expected to witness the fastest growth during the forecast period
  • Product segment, which is going to dominate the market over the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players
  • 3 months analyst support along with the Market Estimation sheet in excel.

 

Customization of the Report

This report can be customized to meet your requirements.

 

Report: orbisresearch.com/contact/2081109

 

Table of Content:

  1. Introduction

1.1 Scope of the Report

1.2 Research Methodology

  1. Executive Summary
  1. Market Insights

3.1 Industry Value-Chain Analysis

3.2 Industry Attractiveness – Porter’s Five Forces Analysis

3.2.1 Bargaining Power of Suppliers

3.2.2 Bargaining Power of Consumers

3.2.3 Threat of New Entrants

3.2.4 Threat of Substitute Products and Services

3.2.5 Degree of Competition

3.3 Patent Analysis

3.4 Raw Material Analysis

  1. Market Dynamics

4.1 Drivers

4.1.1 Growing Popularity of Bio-Based PET

4.1.2 Engineering Plastics Replacing Traditional Materials

4.2 Restraints

4.2.1 Lengthy And Exhaustive Process For Manufacturing Of Engineering Plastics

4.2.2 Other Restraints

4.3 Opportunity

4.3.1 Innovative Product Applications

4.3.2 Increasing Usage in Aerospace Industry

4.3.3 Accelerating Usage in Green Vehicles

  1. Market Segmentation and Analysis

5.1 By Product Type

5.1.1 Fluoropolymers

5.1.2 Polyacetal/Polyoxymethylene

5.1.3 Polyamides

5.1.4 Polycarbonates

5.1.5 Polymethyl Methacrylate (PMMA)

5.1.6 Polyphenylene Oxide (PPO/PPE Blends)

5.1.7 Polyphenylene Sulfide (PPS)

5.1.8 Styrene Copolymers (ABS & SAN)

5.1.9 Polyethylene Terephthalate (PET)

5.1.10 Polybutylene Terephthalate (PBT)

5.1.11 Polyether Ether Ketone (PEEK)

5.1.12 Polyimides (PI)

5.1.13 Liquid Crystal Polymers (LCP)

5.2 By Application

5.2.1 Automotive & Transportation

5.2.2 Building and Construction

5.2.3 Consumer Goods

5.2.4 Electrical and Electronics

5.2.5 Industrial and Machinery

5.2.6 Packaging

5.2.7 Medical

5.2.8 Regional Market Analysis

5.2.9 Germany

5.2.10 United Kingdom

5.2.11 Italy

5.2.12 France

5.2.13 Russia

5.2.14 NORDIC Countries

5.2.15 Netherlands

5.2.16 Spain

  1. Rest of Europe
  1. Future of the Market
  1. Competitive Landscape

8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

8.2 Market Share Analysis*

8.3 Strategies Adopted by Leading Players

  1. Company Profiles (Overview, Financials*, Products & Services, Recent Developments, and Analyst View)

9.1 A. Schulman, Inc.

9.2 Arkema

9.3 Asahi Kasei Corporation

9.4 Ashland Corporation

9.5 BASF SE

9.6 Celanese Corporation

9.7 Chemtura Corporation

9.8 Chevron Phillips Chemical Company

9.9 Covestro

9.10 DowDuPont

9.11 Dyneon LLC

9.12 Eastman Chemical Company

9.13 Evonik Industries AG

9.14 Ineos

9.15 Lanxess

9.16 Nova Chemicals Corporation

9.17 POLYPLASTICS CO., LTD.

9.18 Rochling group

9.19 DSM

9.20 SABIC

9.21 SOLVAY

9.22 TINSEO

9.23 TEIJIN Limited

9.24 ...list not exhaustive

  1. Disclaimer

 

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