3D Printing Begins a New Era of Growth for the Engineering Plastic Compounds Market
The engineering plastic compounds Market is expected to register a robust 8.0% CAGR during 2018-2026, thanks to the anticipated major adoption of 3D printing. The demand for engineering plastic compounds demand is likely to remain robust as material advancements, and specialised application for engineered plastics is growing each day. Originally, these materials showed a promising application in replacing conventional materials like wood due to their cost-effective and easy to produce nature for widespread commercial adoption.
Currently, the new material advancements in engineered plastics show potential for replacing conventional plastics in everyday items like bike helmets, ski boots, bumpers, and materials like polycarbonates. Their specialised nature will likely get better with rising adoption of 3D printing technology in manufacturing globally.
Request A Sample Of Engineering Plastic Compounds Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1388
Lightweight Electric Vehicles Promise Robust Opportunities
Electric vehicles are the new kid on the block. Electric vehicles are a high-priority on every global auto manufacturers list. This is not surprising as increasing stringent regulations regarding fossil fuels are likely to bring down the axe on auto manufacturers in the near future. In order to improve engine efficiency, and gain more mileage for new electric technology, auto manufacturers are testing new forms of plastics which are lightweight, provide durability, and cost-efficiency. Specially designed engineered plastics promise a robust application in the area. According to a new report, Kingfa Science, a supplier of engineered plastics to autos will increase its 500 tonne per month supply to Maruti, a large auto manufacturer by 1,000 tonnes per month for six to eight months in 2019. According to the reports, electric vehicles will play a major role in the growth.
Automobile Lubrication Application Remains Key to Driving Growth
New applications such as self-lubrication promises major growth for the engineering plastics market. According to industry reports, the conventional lubrication industry faces a fuzzy future similar to Kodak. These reports speak clearly as automobile manufacturers from Nissan to Volkswagen are switching to battery-power models for electric vehicles. This is a major challenge as electric vehicles use 40 different coils. Additionally, they require grease to help maintain the cooling and lubricate the motor. Additionally, the new lubricants will also be required to interact with increasing non-metal materials like plastics on-board as well as protect the electronics. Engineered plastic material versions of Acrylonitrile Butadiene Styrene (ABS) and Polycarbonate (PC) provide excellent processability, display high rigidity, and stability in applications for electric vehicles. This has resulted in various forecasts predicting flat demand for conventional lubricants over the foreseeable future. Hence, the new lubrication application for plastic-products promises significant opportunities for players in the engineering plastics market.
The global engineering plastic compounds market can be segmented as follows:
Global Engineering Plastic Compounds Market, by Compound Type
- Polycarbonate (PC) Compound
- Polyamide (PA) Compound
- Polymethyl Methacrylate (PMMA) Compound
- Polyacetal/Polyoxymethylene (POM) Compound
- PET Compound
- PBT Compound
- Polyphenylene Oxide (PPO/PPE Blends) Compound
- Fluoropolymer (PTFE and Other FPs) Compound
- Polyphenylene Sulfide (PPS) Compound
- Acrylonitrile Butadiene Styrene (ABS) Compound
- Styrene-Acrylonitrile (SAN) Compound
- Thermoplastic Elastomer Compound
- TPE-s: Styrenic Block Copolymers
- TPE-o: Thermoplastic Polyolefin Elastomers
- TPE-v: Thermoplastic Vulcanizates
- TPE-u: Thermoplastic Polyurethanes
- TPE-e: Thermoplastic Copolyesters
- TPE-a: Thermoplastic Polyamides
- Other Compounds
Global Engineering Plastic Compounds Market, by End-use Industry
- Automotive & Transportation
- Electrical & Electronics
- Building & Construction
- Consumer Goods & Appliances
- Industrial Applications
Global Engineering Plastic Compounds Market, by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research,
90 Sate Street, Suite 700,
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC