|Lightweighting and Metal Replacement in End-user Industries Drive Engineering Plastic Market Growth|
|Product development in novel formulas will provide lucrative revenues and technological advancements, finds Frost & Sullivan|
Frost & Sullivan’s recent analysis, Global Engineering Plastics Market, Forecast to 2024, reveals that rapid urbanisation and rising purchasing power in Asia, particularly China, India and South Asia, have resulted in booming demand for engineering plastics in automotive, electronic, and construction development segments. The market is forecast to reach $104.32 billion by 2024, growing at a CAGR of 5.4% between 2017 and 2024.
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