Global engineering plastics market 2016-2026
According to a report by MarketsandMarkets (M&M), the global engineering plastics market is projected to reach USD 108.68 Billion by 2026, at a CAGR of 7.4% from 2016 to 2026.
As industries are replacing the use of conventional materials such as glass and metals, the penetration of engineering plastics is increasing. Also, these engineering plastics are now in the comparative price range of commodity plastics, leading to their increasing adoption. With the increased penetration in the emerging manufacturing industries of Asia, Middle East & Africa, and South America, the market is expected to register slightly higher growth than North America and Europe (Press Release M&M, 24 November 2016).
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