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Prismane Consulting Estimates Global Engineering Plastics Market 2024 to Surpass $223 Billion by 2032

PUNE, India, May 30, 2024 /PRNewswire/ -- Engineering plastics have transformed industries by establishing themselves as superior alternatives to metals in high-strength applications. With outstanding physical and mechanical properties, they offer excellent dimensional stability, creep and fatigue resistance, and low friction coefficients. The global engineering plastic market has experienced robust growth, primarily fueled by increasing demand from China and other Asian nations. Traditionally, economically mature regions such as North America and Western Europe have witnessed below-average growth rates, leading to a decline in their market share compared to the thriving Asia-Pacific market. Central & Eastern European demand is anticipated to grow moderately at approximately 3% in the long-term forecast, albeit from a relatively low starting point. Request Free Sample Copy of this Report @ https://prismaneconsulting.com/report_request_sample?report_id=346 Engineering Plastics Market Overview The Central & South American region is projected to witness a CAGR of around 3.4% until 2032. However, this growth is contingent on how countries like Venezuela navigate regional political uncertainties, inflation, and other economic challenges. The Middle Eastern & African markets, starting from a small base, have ...