Amid the COVID-19 crisis, the global market for Engineering Plastics estimated at 19 Million Metric Tons in the year 2020, is projected to reach a revised size of 25.6 Million Metric Tons by 2027, growing at a CAGR of 4.3% over the analysis period 2020-2027. Acrylonitrile-Butadiene-Styrene (ABS), one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach 10.4 Million Metric Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polycarbonate segment is readjusted to a revised 4% CAGR for the next 7-year period.
The U.S. Market is Estimated at 5.1 Million Metric Tons, While China is Forecast to Grow at 7.6% CAGR
The Engineering Plastics market in the U.S. is estimated at 5.1 Million Metric Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 5.6 Million Metric Tons by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 3.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.
Nylon Segment to Record 4.4% CAGR
In the global Nylon segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of 2.4 Million Metric Tons in the year 2020 will reach a projected size of 3.2 Million Metric Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 3.7 Million Metric Tons by the year 2027, while Latin America will expand at a 5.4% CAGR through the analysis period. We bring years of research experience to this 16th edition of our report. The 361-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- BASF SE
- Celanese Corp.
- Chi Mei Corp.
- Continental Structural Plastics Inc.
- Covestro AG
- Dow Inc.
- Eastman Chemicals Company
- Evonik Industries AG
- Formosa Plastics Corp.
- Honeywell International, Inc.
- Huntsman Corp.
- Lanxess AG
- LG Chem
- Polyplastics Co., Ltd.
- Radici Partecipazioni SpA
- Royal DSM N.V.
- SABIC
- Teijin Ltd.
- Toray Industries Inc.
- WinTech Polymer Ltd.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
A Quick Primer
Recent Market Activity
Current & Future Analysis
Engineering Plastics Emerge as Critical Material for Automotive Industry
Emerging Markets to Propel Demand for Engineering Plastics
Improving Economy Buoys General Market Optimism
Years 2016 and 2017 in Retrospect
2018 Global Economic Outlook
Stability in Global Manufacturing PMI Infuses New Confidence
While Fiscal Cliff Concerns Recede to Background, Improving Economy Augurs Well for the Market
Market to See New Growth in Key End-Use Sectors
Higher Demand from Automotive Sector Charms the Market
Rise in Automotive Production Augurs Well for Engineering Plastics Market
Demand from Electrical & Electronics Remains Northbound
Appliances Seek More of Engineering Plastics
Aerospace Looks at Engineering Plastics in Search of Low-Weight Materials
Global Competitor Market Shares
Engineering Plastics Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
BASF SE (Germany)
Celanese Corporation (USA)
Chi Mei Corp. (Taiwan)
Covestro AG (Germany)
DowDuPont Inc. (USA)
Eastman Chemicals Company (USA)
Evonik Industries AG (Germany)
Formosa Plastics Corporation (Taiwan)
Honeywell International Inc. (USA)
Huntsman Corporation (USA)
Lanxess AG (Germany)
LG Chem (South Korea)
Polyplastics Co., Ltd. (Japan)
WinTech Polymer Ltd. (Japan)
Radici Partecipazioni SpA (Italy)
Royal DSM N.V. (The Netherlands)
SABIC (Saudi Arabia)
SABIC Innovative Plastics US LLC (USA)
Teijin Ltd. (Japan)
Continental Structural Plastics Inc. (USA)
Toray Industries Inc. (Japan)
3. MARKET TRENDS & DRIVERS
Focus on Innovation Steers Growth
Sustainability Emerges as Key Consideration
Engineering Plastics Demonstrate Faster Growth than Commodity Plastics in Medical Applications
Heat-Resistant Engineering Plastics Replace Steel in Hot Water Tanks
Blends - Gaining Ground
High Cost Remains a Key Impeding Factor for Engineering Polymers Resins
Demand Conditions Brighten Up for Polycarbonate
Polycarbonate Panels Make Structures Energy Efficient
Asia - The Leading Polycarbonate Producer
SABIC and Covestro Dominate Global Polycarbonate Production
Electronics Account for Higher Share of the Total PC Demand
Automotive Applications to Boost PC Demand
Transforming Mobility
Lightweight Polycarbonate for Windows of Vehicles
PC Seeks New Opportunities in the Medical Sector
Durability Extends Advantage for PC in Water Bottles
Europe Establishes Norms for PC Sheet
ABS Facing Stiff Competition from Other Engineering Plastics Focuses on Niche Market
Taiwan Leads the Global ABS Production
Nylon Aims New Highs
Nylon Seeks Potential Opportunity in Engine Parts
Automotive Drives Global Polyacetal Demand
Polyplastics Dominates Polyacetal Production
Polyacetal Preferred for Producing Mechanical Parts Because of Excellent Mechanical Properties
Healthy Growth Projected in Thermoplastic Polyesters and Low Volume Resins
Thermoplastic Polyester Engineering Resins and Their Growing Usage
Demand for Thermoplastic Polyester in Medical Applications to Grow
PPS Sees Improved Opportunities
PPS Competes with Nylon in Under-the-Hood Applications
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Engineering Plastics Market Share (in %) by Company: 2020 & 2025
Market Analytics
CANADA
JAPAN
CHINA
EUROPE
Market Facts & Figures
European Engineering Plastics Market: Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
IV. COMPETITION
Total Companies Profiled: 112
