TechNavio today launched its report, Global Engineering Plastics Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”An increase in mergers and acquisitions is one of the emerging trends in the Global Engineering Plastics market. In order to access the untapped market, a number of mergers and acquisitions and strategic alliances are expected to take place in the market during the forecast period. Many large vendors and emerging contenders in the Global Engineering Plastics market are looking for mergers and acquisitions to enhance their market presence. Thus, the market players are creating alliances with regional, smaller, and large companies as a way to increase their market share. This also enhances their distribution channels and improves their market reach. Thus, mergers and acquisitions help companies remain competitive in the market, thereby leading to consolidation in the market.”
According to the report, the increasing demand for lightweight materials is one of the major drivers in the Global Engineering Plastics market. The changes in lifestyle across the globe are creating a huge demand for reliable and quality lightweight and trendy products. Metals are widely used to manufacture various components with high strength and reliability in many industries, for instance, in the Automotive industry. Engineering plastics are the best substitute for metals to manufacture various lightweight components and materials in industries. Engineering plastics enable manufacturers to produce lightweight materials with the strength and reliability that is found in metals.
Further, the report reveals that stringent government regulations are one of the major challenges confronting the Global Engineering Plastics market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-engineering-plastics-market-2012…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Engineering Plastics Market 2012-2016
