Electrical and electronics and medical industries is expected to fuel the market growth of the engineering plastic market

 

Engineering Plastics Market
Engineering Plastics Market

Engineering plastics are a type of plastic that is utilised in applications that demand high performance in terms of thermal stability, chemical stability, impact resistance, mechanical strength, and dimensional stability.

During the projected period, the worldwide engineering plastics market is expected to rise rapidly. The introduction of engineering plastics as alternatives for conventional materials in end-use applications, positive growth in end-use sectors, expanding need for polyamides in 3D printing, and increasing demand for engineering plastics from the automotive industry are driving global market expansion. Rising demand from emerging nations, as well as the utilisation of engineering plastics in the aerospace industry, are propelling the worldwide engineering plastics market forward. The worldwide engineering plastics market, on the other hand, is being harmed by the high cost of engineering plastics and the danger of alternatives from other polymers.

Engineering plastics are plastic polymers that have better mechanical and/or thermal qualities than commodity plastics (such as polystyrene, PVC, polypropylene and polyethylene). Engineering plastics can be utilised indefinitely at temperatures ranging from 100°C to 150°C. Due to their excellent mechanical properties, good chemical resistance, resistance to wear, and high dimensional stability, engineering plastics are replacing traditional materials such as alloys, glass, and metals in the industries. Automotive and transportation, electrical and electronics, consumer appliances, industrial machinery, packaging, construction, and medical are among industries that use engineering plastics.

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