Europe Engineering Plastics Market Analysis
The Europe Engineering Plastics Market size is estimated at 23.90 billion USD in 2024, and is expected to reach 31.69 billion USD by 2029, growing at a CAGR of 5.80% during the forecast period (2024-2029).
The European engineering plastics industry is experiencing a significant transformation driven by sustainability initiatives and technological advancements in manufacturing processes. Major manufacturers are increasingly focusing on developing eco-friendly alternatives and recycled materials to meet stringent environmental regulations and changing consumer preferences. This shift is particularly evident in Germany, where plastic packaging production reached 4.46 million tons in 2022, demonstrating the industry's commitment to sustainable practices while maintaining production efficiency. The integration of advanced manufacturing technologies, including automation and digital solutions, is enabling producers to optimize production processes and improve material performance while reducing environmental impact.
The aerospace and automotive sectors are emerging as crucial growth drivers for engineering plastics, with manufacturers focusing on developing lightweight and high-performance polymers. The United Kingdom's aerospace industry, being the second-largest globally, exemplifies this trend with the government planning to increase R&D spending to 2.4% of GDP by 2027, fostering innovation in advanced polymers and manufacturing processes. This investment is driving the development of next-generation engineering plastics that offer superior strength-to-weight ratios and enhanced thermal properties, crucial for modern aircraft and automotive applications.
The construction and infrastructure sector is witnessing increased adoption of performance plastics, particularly in sustainable building solutions and innovative architectural applications. Italy's construction sector demonstrates this trend, with new floor area reaching 188.5 million square feet in 2022, indicating strong demand for industrial plastics in building applications. The industry is seeing growing utilization of these materials in facades, insulation systems, and structural components, driven by their durability, weather resistance, and contribution to energy efficiency in buildings.
Technological innovation in the engineering plastics industry is accelerating, with manufacturers investing in research and development of advanced formulations and processing techniques. The focus is increasingly on developing materials with enhanced properties such as improved chemical resistance, higher temperature tolerance, and better mechanical strength. This innovation is supported by collaboration between industry players and research institutions, leading to the development of new applications across various sectors including medical devices, electronics, and industrial machinery. The industry is also witnessing significant investments in recycling technologies and circular economy initiatives, aiming to address environmental concerns while maintaining material performance.
Europe Engineering Plastics Market Trends
Technological innovations to boost the consumer electronics market
- Europe's electrical and electronics production registered a CAGR of over 3.8% between 2017 and 2021. The rapid pace of electronic technological innovation is driving consistent demand for newer and faster electrical and electronic products. As a result, it has also increased the demand for electrical and electronics production in the region.
- Despite the increased demand for computers and laptops due to remote working and distance learning, the average revenue per user in the European consumer electronics segment dropped by 6.3%. It generated a revenue of around USD 252.1 billion in 2020. As a result, in 2020, the electrical and electronic production in the region decreased by 2.8% by revenue compared to the previous year.
- In 2021, Europe's electrical and electronic equipment exports were around USD 228.37 billion, 12.4% higher compared to 2020. As a result, electrical and electronic production in the region increased and registered 11.6% in 2021 compared to the previous year.
- Robotics, virtual reality and augmented reality, IoT (Internet of Things), and 5G connectivity are expected to grow during the forecast period. As a result of technological advancements, demand for consumer electronics is expected to rise during the forecast period. The consumer electronics segment in the region is projected to reach a revenue of around USD 157.2 billion in 2027 from USD 121.1 billion in 2023. By 2027, Europe is projected to be the second-largest electrical and electronics production accounting for around 12.7% of the global market. As a result, the rise in consumer electronics is projected to increase the demand for electrical and electronics production in the coming years.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Demand for commercial and military aircraft to drive the component production growth
- EU government policies and initiatives to augment the construction industry
- Germany to dominate the fluoropolymer resin imports and exports in the region
- Automotive industry largely impacts imports of the region
- Rising automotive production to influence the imports of the region in the future
- Local manufacturing presence to be sufficient for the growing ABS and SAN demand
- New EU policy to encourage recycling with an amendment to recycle 95% of the parts from automotive when discarded
- Under the EU's Packaging and Packaging Waste Directive PET drinking bottles must contain at least 25% recycled plastic by 2025
- Electric vehicles to foster the growth of automobile production
- E-commerce and flexible packaging to boost the plastic packaging market
- Automobile and electronics production to create demand for polyamide resin in the region
- Europe to remain major exporter of PET in the global trade
- Germany to remain net exporter of POM resin during the forecast period
- Resin prices to remain under the influence of crude oil prices in the international market
- IBM created a one-step recycling process for PC that does not result in the release of bisphenol A (BPA) into the environment
- With rising demand for styrene copolymers resin in Europe production of R-ABS likely to increase
Segment Analysis: End User Industry
Packaging Segment in Europe Engineering Plastics Market
The packaging segment maintains its dominant position in the European engineering plastics market, accounting for approximately 55% of the total market volume in 2024. This substantial market share is primarily driven by the extensive use of engineering plastics in various packaging applications, particularly in food and beverage containers, bottles, jars, and pharmaceutical packaging. The segment's leadership is reinforced by the increasing demand for sustainable and lightweight packaging solutions across Europe. The growing emphasis on recyclable materials and extended shelf-life requirements in the food and beverage industry has further strengthened the position of engineering plastics in packaging applications. Additionally, the segment's growth is supported by technological advancements in barrier properties and material efficiency, making engineering plastics an ideal choice for modern packaging needs.
Aerospace Segment in Europe Engineering Plastics Market
The aerospace segment is emerging as the fastest-growing sector in the European engineering plastics market, with an expected growth rate of approximately 8% during 2024-2029. This remarkable growth is driven by the increasing adoption of lightweight materials in aircraft manufacturing to improve fuel efficiency and reduce emissions. The segment's expansion is further supported by the rising demand for high-performance engineering plastics in critical aerospace applications, including interior components, structural parts, and electrical systems. The growing focus on electric and hybrid aircraft development has created new opportunities for engineering plastics, particularly in battery housing and thermal management systems. Additionally, the segment is benefiting from ongoing technological advancements in material science, leading to the development of more durable and heat-resistant engineering plastic compounds specifically designed for aerospace applications.
Remaining Segments in End User Industry
The other significant segments in the European engineering plastics market include electrical and electronics, automotive, industrial and machinery, and building and construction sectors. The electrical and electronics segment plays a crucial role in the market due to the growing demand for consumer electronics and the increasing adoption of smart devices. The automotive sector remains a key consumer of engineering plastics, driven by the trend toward vehicle lightweighting and electrification. The industrial and machinery segment continues to utilize engineering plastics for various applications requiring high performance and durability. The building and construction sector demonstrates steady demand for engineering plastics in applications such as insulation, piping, and structural components. These segments collectively contribute to the market's diverse application landscape and overall growth dynamics.
Segment Analysis: Resin Type
PET Segment in Europe Engineering Plastics Market
Polyethylene Terephthalate (PET) maintains its position as the dominant segment in the European engineering plastics market, accounting for approximately 23% of the total market value in 2024. This significant market share is primarily driven by PET's extensive applications in the packaging industry, particularly in food and beverage packaging, where its physicochemical properties, including rigidity and high transparency, make it an excellent substitute for glass. The material's extremely lightweight nature, efficient transportation capabilities, recyclability, and shatterproof features have made it particularly attractive for manufacturers. Additionally, PET's growing adoption in electrical and electronics applications, especially in the production of films for electronic devices, has further strengthened its market position.
PVDF Segment in Europe Engineering Plastics Market
The Polyvinylidene Fluoride (PVDF) segment is emerging as the fastest-growing segment in the European engineering plastics market, projected to grow at approximately 10% during 2024-2029. This remarkable growth is primarily driven by increasing demand from the electrical and electronics industry, particularly in applications such as wire and cable insulation, electrical connectors, PCBs, and electrolytic capacitors. The automotive industry's growing adoption of PVDF, especially in fuel cells and electric vehicle components, is further accelerating this growth. PVDF's exceptional properties, including high thermal and oxidative stability, outstanding weatherability, and superior mechanical strength compared to other fluoropolymers, make it increasingly preferred in high-performance applications.
Remaining Segments in Resin Type
The European engineering plastics market encompasses several other significant resin types, each serving specific industrial applications. Polyamide (PA) remains crucial in automotive and industrial applications due to its excellent mechanical properties and heat resistance. Polycarbonate (PC) continues to be vital in construction and automotive sectors owing to its durability and optical clarity. Polymethyl Methacrylate (PMMA) maintains its importance in construction and automotive applications due to its weather resistance and optical properties. Polyoxymethylene (POM) serves critical roles in precision engineering applications, while ABS/SAN copolymers are essential in consumer electronics and automotive applications. Other segments, including fluoropolymers, PEEK, and LCP, cater to specialized high-performance applications in aerospace and advanced electronics sectors. The use of thermoplastic compounds and thermoplastic polyester in these applications highlights the versatility and adaptability of engineering plastics across various industries.
Europe Engineering Plastics Market Geography Segment Analysis
Engineering Plastics Market in Germany
Germany stands as the cornerstone of Europe's engineering plastics industry, commanding approximately 20% of the regional market value in 2024. The country's dominance is largely attributed to its robust automotive plastics manufacturing sector, which continues to drive significant demand for high-performance engineering plastics. The presence of major engineering plastic manufacturers and their extensive production facilities has established Germany as a key innovation hub for the industry. The country's focus on sustainable manufacturing practices and investment in research and development has fostered the development of advanced engineering plastic solutions. German manufacturers are particularly focused on developing lightweight materials for electric vehicles and sustainable packaging solutions, aligning with the country's broader environmental goals. The electrical and electronics industry in Germany has emerged as a significant consumer of engineering plastics, particularly in components for renewable energy systems and smart devices. The country's stringent quality standards and technical expertise continue to influence product development and manufacturing processes across Europe.
Engineering Plastics Market in United Kingdom
The United Kingdom is experiencing remarkable growth in its engineering plastics sector, with projections indicating a robust growth rate of approximately 7% from 2024 to 2029. The country's aerospace plastics industry, being the second-largest globally, serves as a primary catalyst for this growth trajectory. British manufacturers are increasingly adopting advanced engineering plastics in aircraft components, particularly for their lightweight properties and superior performance characteristics. The country's commitment to technological innovation is evident in its strategic focus on developing specialized engineering plastic compounds for emerging applications. The UK government's initiative to increase R&D spending is creating new opportunities for material innovation and market expansion. The presence of world-class research institutions and technical centers has positioned the UK as a hub for developing next-generation engineering plastic solutions. The country's strong focus on sustainable manufacturing practices and circular economy principles is driving the development of recyclable and bio-based engineering plastics. The growing emphasis on domestic manufacturing capabilities is expected to further strengthen the UK's position in the European engineering plastics market.
Engineering Plastics Market in Italy
Italy's engineering plastics market demonstrates remarkable resilience and innovation, particularly in industrial machinery and packaging applications. The country's strong manufacturing base and technical expertise have established it as a crucial hub for engineering plastics processing and development. Italian manufacturers are particularly recognized for their expertise in developing specialized compounds for high-performance applications. The country's packaging industry continues to drive significant demand for engineering plastics, supported by innovative design capabilities and advanced processing technologies. Italy's commitment to sustainable manufacturing practices has led to increased adoption of recycled and bio-based engineering plastics. The presence of specialized industrial clusters has fostered collaboration between material suppliers and end-users, leading to innovative applications. The country's strong focus on quality and precision engineering has made it a preferred supplier for complex technical parts across Europe. Italian manufacturers are increasingly investing in advanced processing technologies to maintain their competitive edge in the market.
Engineering Plastics Market in Russia
Russia's engineering plastics market demonstrates significant potential, driven by its strong industrial base and growing domestic manufacturing capabilities. The country's vast petrochemical resources provide a strategic advantage in raw material availability for engineering plastics production. Russian manufacturers are increasingly focusing on developing high-performance compounds for demanding applications in various industries. The government's emphasis on industrial modernization has created new opportunities for engineering plastics in manufacturing and infrastructure development. The country's packaging industry serves as a major growth driver, with increasing demand for sophisticated packaging solutions. Russian manufacturers are investing in advanced production technologies to enhance their competitiveness in the global market. The development of new industrial zones and manufacturing facilities is expected to further boost demand for engineering plastics. The country's focus on import substitution has led to increased domestic production capabilities and technical expertise.
Engineering Plastics Market in Other Countries
The engineering plastics market in other European countries, including France, Spain, the Netherlands, Belgium, and other nations, exhibits diverse growth patterns and specialized applications. These markets are characterized by their unique industrial strengths and technological capabilities. Countries like France excel in aerospace plastics applications, while Belgium and the Netherlands demonstrate expertise in chemical processing and compound development. The Nordic countries show strong adoption of sustainable engineering plastic solutions, particularly in construction and automotive applications. Eastern European nations are emerging as important manufacturing hubs, offering competitive advantages in production costs and growing technical capabilities. These markets benefit from strong regional collaboration and knowledge sharing within the European Union framework. The presence of specialized manufacturing clusters in various countries contributes to the overall competitiveness of the European engineering plastics industry. The focus on sustainability and circular economy principles is driving innovation across these markets, leading to the development of new applications and materials.
Europe Engineering Plastics Industry Overview
Top Companies in Europe Engineering Plastics Market
The European engineering plastics market is characterized by intense competition among major players like Indorama Ventures, BASF SE, Covestro AG, SABIC, and Neo Group UAB, who are driving innovation across the industry. Companies are heavily investing in sustainable product development, including bio-based and recycled materials, to meet growing environmental concerns and regulatory requirements. Strategic moves in the market are primarily focused on capacity expansions, particularly in specialized grades for automotive and electronics applications, while strengthening regional distribution networks. Manufacturers are pursuing vertical integration strategies to ensure raw material security and maintain quality control throughout the value chain. The industry is witnessing increased collaboration between resin producers and end-users for developing customized solutions, particularly in high-performance polymers applications. Operational agility is being enhanced through digitalization initiatives and smart manufacturing practices to improve production efficiency and respond quickly to market demands.
Consolidated Market with Strong Regional Players
The European engineering plastics market exhibits a moderately consolidated structure, with global chemical conglomerates holding significant market positions alongside specialized regional manufacturers. The market is characterized by a mix of vertically integrated multinational corporations that control raw material supplies and specialized producers focusing on specific resin types or end-user segments. The competitive landscape is particularly intense in high-performance segments like PEEK and fluoropolymers, where technical expertise and proprietary technology create high entry barriers. Merger and acquisition activities are primarily driven by the need to acquire technological capabilities, expand geographic presence, and strengthen positions in high-growth segments.
The market structure varies significantly across different resin segments, with some segments like PET and ABS showing higher consolidation levels while others remain relatively fragmented. Regional players maintain strong positions in specific geographic markets through well-established customer relationships and localized technical support capabilities. The industry is witnessing increased partnership activities between manufacturers and recycling companies to develop circular economy solutions. Companies are also forming strategic alliances with technology providers to enhance their digital capabilities and improve operational efficiency.
Innovation and Sustainability Drive Future Success
Success in the European engineering plastics market increasingly depends on companies' ability to develop sustainable solutions while maintaining performance standards. Incumbent players are focusing on expanding their recycled and bio-based product portfolios, investing in advanced recycling technologies, and strengthening their circular economy initiatives. Market leaders are also emphasizing the development of specialized grades for emerging applications in electric vehicles, renewable energy, and medical devices. Companies are investing in research and development capabilities to create differentiated products and maintain technological leadership. The ability to provide comprehensive technical support and collaborate with customers for application development is becoming increasingly crucial for maintaining market position.
For contenders looking to gain market share, focusing on niche applications and underserved market segments presents significant opportunities. Success factors include developing strong relationships with end-users, particularly in high-growth sectors like electric vehicles and renewable energy. Companies must also consider potential regulatory changes regarding recycled content requirements and environmental regulations while planning their growth strategies. The market's future will be shaped by the ability to balance sustainability requirements with performance characteristics and cost competitiveness. Building strong distribution networks and technical service capabilities will remain crucial for both incumbents and new entrants to maintain and grow their market positions.
Europe Engineering Plastics Market Leaders
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BASF SE
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Covestro AG
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Indorama Ventures Public Company Limited
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NEO GROUP
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SABIC
- *Disclaimer: Major Players sorted in no particular order
Europe Engineering Plastics Market News
- March 2023: Victrex PLC introduced a new type of implantable PEEK-OPTIMA polymer that is specifically designed for use in the manufacturing processes of medical device additives, such as fused deposition modeling (FDM) and fused filament fabrication (FFF).
- February 2023: Victrex PLC revealed its plans to invest in the expansion of its medical division, Invibio Biomaterial Solutions, which includes establishing a new product development facility in Leeds, United Kingdom.
- February 2023: Covestro AG introduced Makrolon 3638 polycarbonate for healthcare and life sciences applications such as drug delivery devices, wellness and wearable devices, and single-use containers for biopharmaceutical manufacturing.
Free With This Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, EUROPE, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, EUROPE, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, EUROPE, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, EUROPE, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, EUROPE, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 8:
- IMPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 9:
- EXPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 10:
- IMPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 11:
- EXPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 12:
- IMPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 13:
- EXPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 14:
- IMPORT REVENUE OF POLYMETHYL METHACRYLATE (PMMA) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 15:
- EXPORT REVENUE OF POLYMETHYL METHACRYLATE (PMMA) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 16:
- IMPORT REVENUE OF POLYOXYMETHYLENE (POM) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 17:
- EXPORT REVENUE OF POLYOXYMETHYLENE (POM) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 18:
- IMPORT REVENUE OF STYRENE COPOLYMERS (ABS AND SAN) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 19:
- EXPORT REVENUE OF STYRENE COPOLYMERS (ABS AND SAN) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 20:
- PRICE OF ENGINEERING PLASTICS BY RESIN TYPE, USD PER KG, GERMANY, 2017 - 2021
- Figure 21:
- PRICE OF ENGINEERING PLASTICS BY RESIN TYPE, USD PER KG, FRANCE, 2017 - 2021
- Figure 22:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 23:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 24:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 25:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 26:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 27:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 28:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 29:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 30:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 31:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 32:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 33:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 34:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 35:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 36:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 37:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 38:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 39:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 40:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 41:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 42:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 43:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 44:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 45:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 46:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 47:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 48:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 49:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, TONS, EUROPE, 2017 - 2029
- Figure 50:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, USD, EUROPE, 2017 - 2029
- Figure 51:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 52:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 53:
- VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, EUROPE, 2017 - 2029
- Figure 54:
- VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, EUROPE, 2017 - 2029
- Figure 55:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 56:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 57:
- VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 58:
- VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 59:
- VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 60:
- VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 61:
- VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 62:
- VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 63:
- VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 64:
- VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 65:
- VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 66:
- VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 67:
- VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 68:
- VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 69:
- VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 70:
- VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 71:
- VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 72:
- VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 73:
- VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 74:
- VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 75:
- VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 76:
- VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 77:
- VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 78:
- VOLUME OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, TONS, EUROPE, 2017 - 2029
- Figure 79:
- VALUE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, USD, EUROPE, 2017 - 2029
- Figure 80:
- VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 81:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 82:
- VOLUME OF ARAMID CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 83:
- VALUE OF ARAMID CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 84:
- VALUE SHARE OF ARAMID CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 85:
- VOLUME OF POLYAMIDE (PA) 6 CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 86:
- VALUE OF POLYAMIDE (PA) 6 CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 87:
- VALUE SHARE OF POLYAMIDE (PA) 6 CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 88:
- VOLUME OF POLYAMIDE (PA) 66 CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 89:
- VALUE OF POLYAMIDE (PA) 66 CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 90:
- VALUE SHARE OF POLYAMIDE (PA) 66 CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 91:
- VOLUME OF POLYPHTHALAMIDE CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 92:
- VALUE OF POLYPHTHALAMIDE CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 93:
- VALUE SHARE OF POLYPHTHALAMIDE CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 94:
- VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 95:
- VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 96:
- VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 97:
- VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 98:
- VALUE OF POLYCARBONATE (PC) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 99:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 100:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 101:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 102:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 103:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 104:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 105:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 106:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 107:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 108:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 109:
- VOLUME OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 110:
- VALUE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 111:
- VALUE SHARE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 112:
- VOLUME OF POLYOXYMETHYLENE (POM) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 113:
- VALUE OF POLYOXYMETHYLENE (POM) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 114:
- VALUE SHARE OF POLYOXYMETHYLENE (POM) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 115:
- VOLUME OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 116:
- VALUE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 117:
- VALUE SHARE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 118:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
- Figure 119:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
- Figure 120:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 121:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 122:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, FRANCE, 2017 - 2029
- Figure 123:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, FRANCE, 2017 - 2029
- Figure 124:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
- Figure 125:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, GERMANY, 2017 - 2029
- Figure 126:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, GERMANY, 2017 - 2029
- Figure 127:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
- Figure 128:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, ITALY, 2017 - 2029
- Figure 129:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, ITALY, 2017 - 2029
- Figure 130:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
- Figure 131:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, RUSSIA, 2017 - 2029
- Figure 132:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, RUSSIA, 2017 - 2029
- Figure 133:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
- Figure 134:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
- Figure 135:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
- Figure 136:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
- Figure 137:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
- Figure 138:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, REST OF EUROPE, 2017 - 2029
- Figure 139:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
- Figure 140:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, EUROPE, 2019 - 2021
- Figure 141:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2019 - 2021
- Figure 142:
- PRODUCTION CAPACITY SHARE OF ENGINEERING PLASTICS BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 143:
- PRODUCTION CAPACITY SHARE OF FLUOROPOLYMER BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 144:
- PRODUCTION CAPACITY SHARE OF POLYAMIDE (PA) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 145:
- PRODUCTION CAPACITY SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 146:
- PRODUCTION CAPACITY SHARE OF POLYCARBONATE (PC) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 147:
- PRODUCTION CAPACITY SHARE OF POLYETHER ETHER KETONE (PEEK) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 148:
- PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 149:
- PRODUCTION CAPACITY SHARE OF POLYOXYMETHYLENE (POM) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 150:
- PRODUCTION CAPACITY SHARE OF STYRENE COPOLYMERS (ABS AND SAN) BY MAJOR PLAYERS, %, EUROPE, 2022
Europe Engineering Plastics Industry Segmentation
Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Fluoropolymer, Liquid Crystal Polymer (LCP), Polyamide (PA), Polybutylene Terephthalate (PBT), Polycarbonate (PC), Polyether Ether Ketone (PEEK), Polyethylene Terephthalate (PET), Polyimide (PI), Polymethyl Methacrylate (PMMA), Polyoxymethylene (POM), Styrene Copolymers (ABS and SAN) are covered as segments by Resin Type. France, Germany, Italy, Russia, United Kingdom are covered as segments by Country.End User Industry | Aerospace | |||
Automotive | ||||
Building and Construction | ||||
Electrical and Electronics | ||||
Industrial and Machinery | ||||
Packaging | ||||
Other End-user Industries | ||||
Resin Type | Fluoropolymer | By Sub Resin Type | Ethylenetetrafluoroethylene (ETFE) | |
Fluorinated Ethylene-propylene (FEP) | ||||
Polytetrafluoroethylene (PTFE) | ||||
Polyvinylfluoride (PVF) | ||||
Polyvinylidene Fluoride (PVDF) | ||||
Other Sub Resin Types | ||||
Liquid Crystal Polymer (LCP) | ||||
Polyamide (PA) | By Sub Resin Type | Aramid | ||
Polyamide (PA) 6 | ||||
Polyamide (PA) 66 | ||||
Polyphthalamide | ||||
Polybutylene Terephthalate (PBT) | ||||
Polycarbonate (PC) | ||||
Polyether Ether Ketone (PEEK) | ||||
Polyethylene Terephthalate (PET) | ||||
Polyimide (PI) | ||||
Polymethyl Methacrylate (PMMA) | ||||
Polyoxymethylene (POM) | ||||
Styrene Copolymers (ABS and SAN) | ||||
Country | France | |||
Germany | ||||
Italy | ||||
Russia | ||||
United Kingdom | ||||
Rest of Europe |
Aerospace |
Automotive |
Building and Construction |
Electrical and Electronics |
Industrial and Machinery |
Packaging |
Other End-user Industries |
Fluoropolymer | By Sub Resin Type | Ethylenetetrafluoroethylene (ETFE) |
Fluorinated Ethylene-propylene (FEP) | ||
Polytetrafluoroethylene (PTFE) | ||
Polyvinylfluoride (PVF) | ||
Polyvinylidene Fluoride (PVDF) | ||
Other Sub Resin Types | ||
Liquid Crystal Polymer (LCP) | ||
Polyamide (PA) | By Sub Resin Type | Aramid |
Polyamide (PA) 6 | ||
Polyamide (PA) 66 | ||
Polyphthalamide | ||
Polybutylene Terephthalate (PBT) | ||
Polycarbonate (PC) | ||
Polyether Ether Ketone (PEEK) | ||
Polyethylene Terephthalate (PET) | ||
Polyimide (PI) | ||
Polymethyl Methacrylate (PMMA) | ||
Polyoxymethylene (POM) | ||
Styrene Copolymers (ABS and SAN) |
France |
Germany |
Italy |
Russia |
United Kingdom |
Rest of Europe |
Market Definition
- End-user Industry - Packaging, Electrical & Electronics, Automotive, Building & Construction, and Others are the end-user industries considered under the engineering plastics market.
- Resin - Under the scope of the study, consumption of virgin resins like Fluoropolymer, Polycarbonate, Polyethylene Terephthalate, Polybutylene Terephthalate, Polyoxymethylene, Polymethyl Methacrylate, Styrene Copolymers, Liquid Crystal Polymer, Polyether Ether Ketone, Polyimide, and Polyamide in the primary forms are considered. Recycling has been provided separately under its individual chapter.
Keyword | Definition |
---|---|
Acetal | This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc. |
Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
Cast film | A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion. |
Colorants & Pigments | Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix. |
Composite material | A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements. |
Degree of Polymerization (DP) | The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands. |
Dispersion | To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion. |
Fiberglass | Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass. |
Fiber-reinforced polymer (FRP) | Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt. |
Flake | This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics. |
Fluoropolymers | This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc. |
Kevlar | Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid. |
Laminate | A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width. |
Nylon | They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids. |
PET preform | A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container. |
Plastic compounding | Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers. |
Plastic pellets | Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic. |
Polymerization | It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds. |
Styrene Copolymers | A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate. |
Thermoplastics | Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties. |
Virgin Plastic | It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms