Market Size of germany engineering plastics Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2029) | USD 6.2 Billion |
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Market Size (2023) | USD 4.5 Billion |
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Largest Share by End User Industry | Packaging |
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CAGR (2023 - 2029) | 5.43 % |
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Fastest Growing by End User Industry | Aerospace |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Germany Engineering Plastics Market Analysis
The Germany Engineering Plastics Market is projected to register a CAGR of 5.43%
- Packaging is the Largest End User Industry. Due to the wide range of applications, including bottles, jars, and containers, specifically in the food and beverage industry, the packaging segment occupied the major share.
- Aerospace is the Fastest-growing End User Industry. The aerospace industry is expected to witness the fastest growth due to the rapid adoption of lightweight and high-impact resistant engineering plastics to replace traditional metal parts.
- Polyamide (PA) is the Largest Resin Type. Due to the widespread applications in the automotive and electronics industries, like replacing traditional metal parts with lightweight and flexible components, polyamide resins recorded a major share.
- Liquid Crystal Polymer (LCP) is the Fastest-growing Resin Type. Owing to the rising demand for high-performance, smaller, and thinner electrical components, LCP resin is projected to witness the fastest growth in the coming years.
