Engineering Plastics - Global Market Trajectory & Analytics

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.