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Engineering Plastics - Market Analysis, Trends, and Forecasts

  • ID: 338447
  • Report
  • February 2020
  • Region: Global
  • 269 Pages
  • Global Industry Analysts, Inc
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Engineering Plastics market worldwide is projected to grow by 8.5 Million Metric Tons, driven by a compounded growth of 5.6%. Acrylonitrile-Butadiene-Styrene (ABS), one of the segments analyzed and sized in this study, displays the potential to grow at over 5.7%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 10.8 Million Metric Tons by the year 2025, Acrylonitrile-Butadiene-Styrene (ABS) will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 4.3% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over 289.7 Thousand Metric Tons to the region's size and clout in the next 5 to 6 years. Over 240.8 Thousand Metric Tons worth of projected demand in the region will come from Rest of Europe markets. In Japan, Acrylonitrile-Butadiene-Styrene (ABS) will reach a market size of 508.7 Thousand Metric Tons by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9% over the next couple of years and add approximately 2.5 Million Metric Tons in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • BASF SE
  • Celanese Corp.
  • Chi Mei Corp.
  • Covestro AG
  • DowDuPont Inc.
  • Eastman Chemicals Company
  • Evonik Industries AG
  • Formosa Plastics Corp.
  • Honeywell International Inc.
  • Huntsman Corp.
  • Lanxess AG
  • LG Chem
  • Polyplastics Co., Ltd.
  • WinTech Polymer Ltd.
  • Radici Partecipazioni SpA
  • Royal DSM N.V.
  • SABIC
  • SABIC Innovative Plastics US LLC
  • Teijin Ltd.
  • Continental Structural Plastics Inc.
  • Toray Industries Inc.
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

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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