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Engineering Plastics - Global Market Trajectory & Analytics

  • ID: 338447
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • BASF SE
  • Covestro AG
  • Evonik Industries AG
  • Lanxess AG
  • Radici Partecipazioni SpA
  • Teijin Ltd.
Global Engineering Plastics Market to Reach 25.6 Million Metric Tons by 2027

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.

Select Competitors (Total 112 Featured):
  • 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.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF SE
  • Covestro AG
  • Evonik Industries AG
  • Lanxess AG
  • Radici Partecipazioni SpA
  • Teijin Ltd.

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • 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
  • 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
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • 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
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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.
Note: Product cover images may vary from those shown