Amit K
South Korea Engineering Plastic Market: Technological Advancement & Growth Analysis with Forecast to 2025
The Engineering Plastic Market report provides a detailed analysis of the dynamic of the market with extensive focus on secondary research. The report sheds light on the current situation of the market size, share, demand, development patterns, and forecast in the coming years.
This has brought along several changes in This report also covers the impact of COVID-19 on the global market.
The report Global Engineering Plastic Market analyzes the strategy patterns, and forecast in the coming years.
PA66, also referred to as nylon 6, 6, is a polyamide from nylon class. It is made of hexamethylenediamine and adipic acid. PA66 engineering plastics is frequently used when high mechanical strength, great rigidity, and good stability under heat is required. They are used for automotive, electrical & electronics, industrial and consumer applications.
In global market, the production of PA66 engineering plastics increases from 1404.2 K MT in 2011 to 1618.9 K MT in 2015, at a CAGR of more than 3.62%. In 2015, the global PA66 engineering plastics market is led by North America, capturing about 47.48% of global PA66 engineering plastics production. Europe is the second-largest region-wise market with 28.75% global production share. At present, the major manufacturers of PA66 engineering plastics are concentrated in Invista, Ascend, Solvay, BASF, Asahi Kasei, Dupont and Shenma. Invista is the world leader, holding 24.63% production market share in 2015.
In application, PA66 engineering plastics downstream is wide used in automotive, electrical & electronics, machinery equipment and others and recently PA66 engineering plastics has acquired increasing significance in various fields of automotive. Globally, the PA66 engineering plastics market is mainly driven by growing demand for automotive, which accounts for nearly 50.18% of total downstream consumption of PA66 engineering plastics in global.
In price, the price of PA66 engineering plastics average price decrease from $ 3691 in 2011 to $ 2542 in 2015. The price of PA66 engineering plastics was decreased year by year.
In the future, global market is expected to witness steady growth on account of rising applications with a CAGR of 3.44% from 2016 to 2021, so in the next few years, PA66 engineering plastics production will show a trend of steady growth. In 2021 the production of PA66 engineering plastics is estimated to be 1976 K MT. On product prices, the slow downward trend in recent years will maintain in the future.
The report evaluates the market size of the Global Engineering Plastic Market studies the strategy patterns adopted by the prominent international players.
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The report highlights the key players and manufacturers and the latest strategies including new product launches, partnerships, joint ventures, technology, segmentation in terms of region and industry competition, profit and loss ration, and investment ideas. A precise evaluation of effective manufacturing techniques, advertisement techniques, market share size, growth rate, size, revenue, sales and value chain analysis.
Key Competitors of the Global Engineering Plastic Market are:
Invista, Ascend, Solvay, BASF, Asahi Kasei, Dupont, Radici Group, Shenma, Hua Yang,
The ‘Global Engineering Plastic Market Research Report’ is a comprehensive and informative study on the current state of the Global Engineering Plastic Market industry with emphasis on the global industry. The report presents key statistics on the market status of the global Engineering Plastic market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
Major Product Types covered are:
Injection Molding Grade
Extrusion Grade
Major Applications of Engineering Plastic covered are:
Automotive Industry
Machinery Equipment
Electrical & Electronics
Others
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Regional Engineering Plastic Market (Regional Output, Demand & Forecast by Countries):-
North America (United States, Canada, Mexico)
South America ( Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And More.
The research report studies the past, present, and future performance of the global market. The report further analyzes the present competitive scenario, prevalent business models, and the likely advancements in offerings by significant players in the coming years.
Important Features of the report:
– Detailed analysis of the Global Engineering Plastic market
–Fluctuating market dynamics of the industry
–Detailed market segmentation
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of the Global Engineering Plastic Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Global Engineering Plastic market performance
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Reasons to Purchase Global Engineering Plastic Market Report:
1. Current and future of Global Engineering Plastic market outlook in the developed and emerging markets.
2. Analysis of various perspectives of the market with the help of Porter’s five forces analysis.
3. The segment that is expected to dominate the Global Engineering Plastic market.
4. Regions that are expected to witness the fastest growth during the forecast period.
5. Identify the latest developments, Global Engineering Plastic market shares, and strategies employed by the major market players.
Besides, the market study affirms the leading players worldwide in the Global Engineering Plastic market. Their key marketing strategies and advertising techniques have been highlighted to offer a clear understanding of the Global Engineering Plastic market.
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