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Engineering Plastics - Global Market Trajectory & Analytics

  • ID: 338447
  • Report
  • July 2020
  • Region: Global
  • 361 Pages
  • Global Industry Analysts, Inc
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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. 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.
Note: Product cover images may vary from those shown
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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

Note: Product cover images may vary from those shown
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