Brazil Engineering Plastics Market to Grow at a CAGR of 5.31% during 2024-2032, Stimulated by Increasing Product Demand in Automotive and Construction Industries

December 18, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Brazil Engineering Plastics Market Report by Product Type (Fluoropolymers, Polycarbonate (PC), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), Polyacetal/ Polyoxymethylene, Polymethyl Methacrylate (PMMA), Polyphenylene Oxide, Polyphenylene Sulfide (PPS), Styrene Copolymers (ABS & SAN), Liquid Crystal Polymers (LCP), Polyether Ether Ketone (PEEK), Polyimides (PI), Polyamides), Application (Automotive and Transportation, Building and Construction, Consumer Goods, Electrical and Electronics, Industrial and Machinery, Packaging, Medical), and Region 2024-2032,” the Brazil engineering plastics market is expected to exhibit a CAGR of 5.31% during 2024-2032. Engineering plastics are a group of plastic materials that have better mechanical and thermal properties than the more widely used commodity plastics, such as polystyrene, polypropylene, and polyethylene. They are produced in lower quantities and tend to be used for smaller objects or low-volume applications, such as mechanical parts. The superior qualities of engineering plastics – such as strength, stiffness, and heat resistance – stem from their polymer structure. They are often reinforced with fibers like glass or carbon, to enhance their properties. The main advantages of engineering plastics include their high strength-to-weight ratio, making them an excellent alternative to metals. They also offer good impact resistance, high heat resistance, and a wide range of operating temperatures. This makes them suitable for use in demanding environments. Moreover, their versatility allows for tailored properties according to specific needs, making them highly adaptable for various applications.

Brazil Engineering Plastics Market Trends:

The Brazil engineering plastics market is influenced by several key drivers, such as the rapidly expanding automotive industry, which has surged the demand for lightweight materials. Additionally, the growing awareness of environmental sustainability is prompting a shift towards recyclable and eco-friendly materials, further boosting the market growth. In line with this, Brazil's booming construction sector is also a significant driver, as engineering plastics find extensive applications in infrastructure development. Furthermore, the expanding consumer electronics industry and the surging demand for durable and lightweight components are other growth-inducing factors. Moreover, advancements in three-dimensional (3D) printing technology are opening up new possibilities for engineering plastics in various industries, which is propelling the market growth. Apart from this, the expanding healthcare sector and the escalating product use in the packaging industry are positively contributing to the market growth in the country.

Market Summary:

Based on the product type, the market has been segmented into fluoropolymers, polycarbonate (PC), polyethylene terephthalate (PET), polybutylene terephthalate (PBT), polyacetal/ polyoxymethylene, polymethyl methacrylate (PMMA), polyphenylene oxide, polyphenylene sulfide (PPS), styrene copolymers (ABS and SAN), liquid crystal polymers (LCP), polyether ether ketone (PEEK), polyimides (PI), and polyamides.
On the basis of the application, the market is categorized into automotive and transportation, building and construction, consumer goods, electrical and electronics, industrial and machinery, packaging, and medical.
On regional basis, the market has been segmented into Southeast, South, Northeast, North, and Central-West.
The competitive landscape of the market has been examined in the report, along with the detailed profiles of the major players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Product Type Application Region
Product Types Covered	Fluoropolymers, Polycarbonate (PC), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), Polyacetal/ Polyoxymethylene, Polymethyl Methacrylate (PMMA), Polyphenylene Oxide, Polyphenylene Sulfide (PPS), Styrene Copolymers (ABS & SAN), Liquid Crystal Polymers (LCP), Polyether Ether Ketone (PEEK), Polyimides (PI), Polyamides
Applications Covered	Automotive and Transportation, Building and Construction, Consumer Goods, Electrical and Electronics, Industrial and Machinery, Packaging, Medical
Regions Covered	Southeast, South, Northeast, North, Central-West
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2999 Five User License: US$ 3999 Corporate License: US$ 5499
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Brazil Engineering Plastics Market to Grow at a CAGR of 5.31% during 2024-2032, Stimulated by Increasing Product Demand in Automotive and Construction Industries

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