ENGINEERING PLASTICS MARKET ANALYSIS

Engineering Plastics Market, By Product Type (Polyamides, Polycarbonates, Acrylonitrile butadiene styrene, Styrene Acrylonitrile, Polyoxymethylene, Polybutylene terephthalate, Fluoropolymers, Others), By Applications (Automotive and Transportation, Electrical and Electronics, Construction, Medical, Industrial and Machinery, Packaging, Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

In May 2024, Polyplastics, a global leader in engineering plastics, announced the launch of a next-generation polyphenylene sulfide (PPS) grade that boasts significantly improved thermal shock resistance and can be easily recycled during post-consumer recycling (PCR) without sorting
In March 2022, Celanese Corporation, a global chemical and specialty materials company, completed the restructuring of Korea Engineering plastics Co. This will support growth of Celanese polyoxymethylene (POM) products worldwide through access to world-scale POM polymerization capabilities.
In March 2021, Victrex Plc., a U.K.-based manufacturer and supplier of high-performance polymers, invested US$ 1 million in an expansion and the up-gradation of Asia Innovation & Technology Centre (AITC) in Shanghai. This will accelerate innovation, enhance speeding time to market and design-to-mass production workflow for advanced engineering design in Asia.
In November 2020, Covestro, aGermany-based manufacturer of engineering plastics, constructed a new production plant for Vulkollan elastomers raw materials in Thailand. The company aims to meet the growing demand for high-performance elastomers, which are engineering materials used in various applications.