Engineering Plastic Compounds Market

The increasing trend for lightweight vehicles, increasing demand for connected vehicles and growing awareness about the reduction of vehicular emissions are driving the engineering plastics compound market in the automotive & transportation end-use industry.

The global engineering plastic compounds market is expected to be valued at US$ 26.9 Bn by the end of 2025, wherein applications in the automotive industry accounts for the major portion of the market.

With a market share of more than 45%, Asia Pacific is anticipated to hold the highest volume share by 2025. It also projected to be largest production hub for all the material categories by 2025.

In the engineering plastic compounds market, top 5 players accounted for more than 60% of the value share in 2019 together holding compounding capacity of more than 2.6 million tons.

Fairfield Market Research projects the global Engineering Plastic Compounds market to grow with a CAGR of 5.7% by 2025, majorly due to the increasing investments by key manufacturers in Asia Pacific countries.