The movement of manufacturing facilities for automotive and electrical sectors from western countries to nations in East Asia, along with rapid industrialization in countries such as South Korea, India, Vietnam and Thailand are anticipated to boost the growth of the engineering plastic compounds market. Revenues arising from the engineering plastic compounds market are expected to grow at a healthy CAGR of more than 7.8% through 2026. These insights have been extracted from the report titled "Engineering Plastic Compounds Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026" that was recently included in the big repository of the Market Research Reports Search Engine (MRRSE).
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Technological improvements in the properties of engineering plastic compounds, have allowed these materials to become light weight, to replace a number of metal components. As such, the demand for electric cars and light-weight vehicles are expected to boost the engineering plastic compounds market.
Asia Pacific, particularly China is expected to hold control over major market share during the forecast period. This can be attributed to the presence of numerous small-scale domestic manufacturers of plastic compounds, and major original equipment manufacturers of the electronics and automotive industries in the region. Key market players are increasingly emphasizing on reducing costs of transportation and boosting production output by integrating with suppliers, to gain better competitive advantages.
Engineering Plastic Compounds Market: Report Overview
This elaborate report provides readers with forecast & analysis at regional and global levels on engineering plastic compounds, in terms of value (US$ Mn) and volume (Kilo Tons), for the period of forecast 2018 to 2026. An assessment of vital market dynamics, along with drivers, opportunities, constraints, and trends that are affect the demand for engineering plastic compounds have been scrutinized in the report.
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A value chain analysis on the engineering plastic compounds market has been provided in the report, and the use Porter’s Five Forces Model and PESTEL analysis, helps in gaining a better understanding of the competitive situation among key market players. A comprehensive market attractiveness analysis has also been added to assess the market participants based on factors such as market size, general attractiveness, and growth rate.
Engineering Plastic Compounds Market: Research Methodology
Primary and secondary research has been used widely to gain reliable information on the engineering plastic compounds market. This includes elaborate face-to-face and telephonic discussions with numerous industry experts and opinion leaders to achieve useful insights into aspects such as market size, market trends, growth rates and competitive scenario. Primary research forms the bulk of the efforts in research, which has been validated with extensive secondary research.
Leading and emerging market players for engineering plastic compounds have been assessed in detail, and data sources such as press releases and annual reports along with other relevant documents such as market reports and government publications have been assessed for studying the market’s landscape. The research approach and methodologies employed here have been found to be highly effective in extracting actionable insights on the market data, activities of market participants and latent business opportunities.
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