Published by FACT MR
Posted on September 24, 2021
As per a new report published by Fact.MR, the global Demand for engineering thermoplastic is anticipated to reach a valuation of US$ 259 Bn by 2021, and is expected to expand at a healthy CAGR of around 6% over the forecast period of 2021 to 2031.
Rise in demand for high performance plastics is due to their well-balanced properties of low density, ease of processing, and low cost. Thermoplastics are also suitable for economical processing from low output-specific packaging to mass production. Demand for lightweight along with high waterproof packaging has significantly reduced demand for paper and cardboard packaging, and has fuelled the market for thermoplastic in the packaging industry.
Increasing plastic waste due to ever-increasing demand from the automobile industry is driving the market for recyclable engineering thermoplastic, as people are becoming more conscious towards sustainable living. Emerging markets, especially large markets such as India and China, have significant untapped potential in expanding the market for engineering thermoplastic. As the geriatric population and healthcare expenditure in these nations continue to rise, a greater segment of the world’s population demands better healthcare and treatment with advanced systems. This, in turn, has been creating demand for medical polymers that are primarily used in devices and equipment for hip & joint replacement and spinal implants. Commodity resins such as PE, PP, PVC, PS and PET are commonly used polymers in medical applications.
Request a Sample of this Report https://www.factmr.com/connectus/sample?flag=S&rep_id=5971
Get Customization on this Research Report for specific research solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5971
Speak to Research Analyst https://www.factmr.com/connectus/sample?flag=AE&rep_id=5971
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5971
With increase in disposable income, consumers’ buying patterns have reformed, which has been evident due to globalization. Rising population in emerging regions such as South Asia is boosting demand for engineering thermoplastic from end-use industries such as automotive & transportation, electrical & electronics, consumer appliances, and packaging.
Manufacturers are finding it difficult to source raw materials and maintain revenue along with good levels of profit margins in challenging economies. Therefore, understanding the industry structure and staying connected with the end-use market will not only help understand industry needs but also assist being updated with standard industry requirements. Furthermore, marketing & distribution strategy, minimizing lead time for product availability, along with customer support, strategic collaborations, and partnerships, could be some key winning strategies for manufacturers.
Explore More Trending Reports of Fact.MR
Polycoated Paper Packaging Market Forecast Trend Analysis & Competition Tracking – Global Review 2021 to 2031 ( https://www.factmr.com/report/polycoated-paper-packaging-market )
Sugar Bags Market Forecast Trend Analysis & Competition Tracking – Global Review 2021 to 2031 ( https://www.factmr.com/report/sugar-bags-market )
Surgical Mesh Market Forecast Trend Analysis & Competition Tracking – Global Review 2021 to 2031 ( https://www.factmr.com/report/surgical-mesh-market )
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
The post Demand of Styrene Copolymers (ABS/SAN) Is Expanding the Market at a CAGR of approx. 6% Says Fact.MR appeared first on The Cloud Tribune.
As per a new report published by Fact.MR, the global Demand for engineering thermoplastic is anticipated to reach a valuation of US$ 259 Bn by 2021, and is expected to expand at a healthy CAGR of around 6% over the forecast period of 2021 to 2031.
Rise in demand for high performance plastics is due to their well-balanced properties of low density, ease of processing, and low cost. Thermoplastics are also suitable for economical processing from low output-specific packaging to mass production. Demand for lightweight along with high waterproof packaging has significantly reduced demand for paper and cardboard packaging, and has fuelled the market for thermoplastic in the packaging industry.
Increasing plastic waste due to ever-increasing demand from the automobile industry is driving the market for recyclable engineering thermoplastic, as people are becoming more conscious towards sustainable living. Emerging markets, especially large markets such as India and China, have significant untapped potential in expanding the market for engineering thermoplastic. As the geriatric population and healthcare expenditure in these nations continue to rise, a greater segment of the world’s population demands better healthcare and treatment with advanced systems. This, in turn, has been creating demand for medical polymers that are primarily used in devices and equipment for hip & joint replacement and spinal implants. Commodity resins such as PE, PP, PVC, PS and PET are commonly used polymers in medical applications.
Request a Sample of this Report https://www.factmr.com/connectus/sample?flag=S&rep_id=5971
Get Customization on this Research Report for specific research solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5971
Speak to Research Analyst https://www.factmr.com/connectus/sample?flag=AE&rep_id=5971
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5971
With increase in disposable income, consumers’ buying patterns have reformed, which has been evident due to globalization. Rising population in emerging regions such as South Asia is boosting demand for engineering thermoplastic from end-use industries such as automotive & transportation, electrical & electronics, consumer appliances, and packaging.
Manufacturers are finding it difficult to source raw materials and maintain revenue along with good levels of profit margins in challenging economies. Therefore, understanding the industry structure and staying connected with the end-use market will not only help understand industry needs but also assist being updated with standard industry requirements. Furthermore, marketing & distribution strategy, minimizing lead time for product availability, along with customer support, strategic collaborations, and partnerships, could be some key winning strategies for manufacturers.
Explore More Trending Reports of Fact.MR
Polycoated Paper Packaging Market Forecast Trend Analysis & Competition Tracking – Global Review 2021 to 2031 ( https://www.factmr.com/report/polycoated-paper-packaging-market )
Sugar Bags Market Forecast Trend Analysis & Competition Tracking – Global Review 2021 to 2031 ( https://www.factmr.com/report/sugar-bags-market )
Surgical Mesh Market Forecast Trend Analysis & Competition Tracking – Global Review 2021 to 2031 ( https://www.factmr.com/report/surgical-mesh-market )
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
The post Demand of Styrene Copolymers (ABS/SAN) Is Expanding the Market at a CAGR of approx. 6% Says Fact.MR appeared first on The Cloud Tribune.
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