Engineering Plastics Market by Product Type, by Application - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 3934623
  • Report
  • Region: Global
  • 135 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • ARKEMA SA
  • BASF SE
  • Bayer AG
  • EVONIK INDUSTRIES AG
  • Lanxess AG
  • LG Chem Ltd.
  • MORE
Engineering Plastics Market by Product Type (Polyamide, Acrylonitrile-Butadiene-Styrene, Thermoplastics Polyesters, Polycarbonate, Polyacetals, Fluoropolymers, Others), Application (Packaging, Building & Construction, Electrical & Electronics, Automotive, Consumer Products, and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022

Engineering plastics are polymers that can be used structurally, typically replacing metals, wood, glass, or ceramics. The nomenclature of these materials is due to their utility in various applications that require higher performance than commodity materials and engineering to design customized products. Automotive, electrical & electronics, and packaging are prominent end users of engineering plastics. Engineering plastics are applicable in coatings, composites, fiber optics, and surgical equipment. The world engineering plastics market accounted for $67 billion in 2015, and is forecast to reach $102 billion by 2022, with a CAGR of 6.4% from 2016 to 2022.

The increase in trend of vehicle weight reduction and improvement in fuel efficiency are expected to boost the adoption of engineering plastics. Moreover, metal replacement in the construction and electrical & electronics industries is estimated to drive the market growth. Furthermore, significant growth of the 3D printing and photovoltaic industry would increase the consumption of engineering plastics. However, fluctuations in price of crude oil, product commoditization, and regulatory challenges about CO2 emissions hamper the market growth.

The world engineering plastics market is segmented based on type, application, and geography. Based on type, it is divided into polyamide (PA), acrylonitrile-butadiene-styrene (ABS), thermoplastics polyesters (PBT), polycarbonate (PC), polyacetals (POM), fluoropolymers (PVDF/PTFE), and others (PEEK/PMMA/PPS). Based on application, the market is classified into automotive, electrical & electronics, packaging, and consumer & industrial.

The market is segmented on the basis of four regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Emerging economies in Asia-Pacific and LAMEA regions offer lucrative potential for engineering plastics manufacturers. This is attributed to rapid urbanization, which fuels the growth of the automotive and construction industry and necessitates the need to address energy conservation and sustainability issues.

Leading companies in this market have proactively worked towards expansion as well as launch of new engineering plastics products. The major companies profiled in the report include:

BASF SE (Germany)
LG Chem (South Korea)
Sabic Innovative Plastics (Saudi Arabia)
Solvay SA (Belgium)
Evonik Industries AG (Germany)
Arkema SA (France)
E. I. du Pont de Nemours and Company (U.S.)
Royal DSM NV (Netherlands)
Lanxess AG (Germany)
Bayer AG (Germany)

KEY MARKET BENEFITS

The report provides an extensive analysis of factors that drive or hamper the growth of the world engineering plastics market.
The market projections from 2014 to 2022 are provided along with their impacting factors.
The report also presents quantitative as well as qualitative trends to assist stakeholders to understand the market scenario.
In-depth analyses of the
Key market segments demonstrate the consumption pattern of engineering plastics for various applications in end-user industries.
Competitive intelligence highlights the business practices adopted by leading market players across various geographies.

Key market segments

By Product

Polyamides
ABS
Thermoplastic Polyesters
Polycarbonates
Polyacetals
Fluoropolymers
Others

BY END USER

Packaging
Building & Construction
Electrical & Electronics
Automotive
Consumer Products
Others

BY GEOGRAPHY

North America
U.S.
Canada
Mexico
Europe
Germany
Spain
France
UK
Turkey
Russia
Others
Asia-Pacific
China
India
Japan
Others
LAMEA
Brazil
Argentina
Others
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • ARKEMA SA
  • BASF SE
  • Bayer AG
  • EVONIK INDUSTRIES AG
  • Lanxess AG
  • LG Chem Ltd.
  • MORE
CHAPTER 1 INTRODUCTION

1.1 Report Description
1.2 Key Market Benefits:
1.3 Key Market Segments:
1.4 Research Methodology

1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 CXO Perspective

CHAPTER 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key Findings

3.2.1 Top Investment Pockets
3.2.2 Top Winning Strategies

3.3 Porters Five Forces Analysis

3.3.1 Bargaining Power of the Supplier
3.3.2 Bargaining Power of the Buyer
3.3.3 Threat of Substitutes
3.3.4 Threat of New Entrants
3.3.5 Competitive Rivalry

3.4 Market Dynamics

3.4.1 Drivers

3.4.1.1 Growing Trend of Reducing Vehicle Weight and Improving Fuel Efficiency
3.4.1.2 Metal Replacement in the Construction and Electrical & Electronic Industry
3.4.1.3 Growth in End-User Industry

3.4.2 Restraint

3.4.2.1 Fluctuating Price of Crude Oil
3.4.2.2 Regulatory Challenges Regarding CO2 Emissions

3.4.3 Opportunity

3.4.3.1 Spiraling Growth of the 3D Printing and Photovoltaic Industry

CHAPTER 4 WORLD ENGINEERING PLASTICS MARKET, BY TYPE

4.1 Introduction

4.1.1 Market Size & Forecast

4.2 Polyamide

4.2.1 Key Market Trends
4.2.2 Key Growth Factors and Opportunities
4.2.3 Market Size & Forecast

4.3 ABS

4.3.1 Key Market Trends
4.3.2 Key Growth Factors and Opportunities
4.3.3 Market Size & Forecast

4.4 Thermoplastic Polyesters

4.4.1 Key Market Trends
4.4.2 Key Growth Factors and Opportunities
4.4.3 Market Size & Forecast

4.5 Polycarbonate

4.5.1 Key Market Trends
4.5.2 Key Growth Factors and Opportunities
4.5.3 Market Size & Forecast

4.6 Polyacetals

4.6.1 Key Market Trends
4.6.2 Key Growth Factors & Opportunities
4.6.3 Market Size & Forecast

4.7 Fluoropolymers

4.7.1 Key Market Trends
4.7.2 Key Growth Factors & Opportunities
4.7.3 Market Size & Forecast

4.8 Other engineering plastics

4.8.1 Key Market Trends
4.8.2 Key Growth Factors & Opportunities
4.8.3 Market Size & Forecast

CHAPTER 5 WORLD ENGINEERING PLASTICS MARKET, BY APPLICATION

5.1 Introduction

5.1.1 Market Size & Forecast

5.2 Packaging

5.2.1 Key Market Trends
5.2.2 Key Growth Factors & Opportunities
5.2.3 Market Size & Forecast

5.3 Building & Construction

5.3.1 Key Market Trends
5.3.2 Key Growth Factors & Opportunities
5.3.3 Market Size & Forecast

5.4 Electrical & Electronics

5.4.1 Key Market Trends
5.4.2 Key Growth Factors & Opportunities
5.4.3 Market Size & Forecast

5.5 Automotive

5.5.1 Key Market Trends
5.5.2 Key Growth Factors & Opportunities
5.5.3 Market Size & Forecast

5.6 Consumer Products

5.6.1 Key Market Trends
5.6.2 Key Growth Factors & Opportunities
5.6.3 Market Size & Forecast

5.7 Others

5.7.1 Key Market Trends
5.7.2 Key Growth Factors & Opportunities
5.7.3 Market Size & Forecast

CHAPTER 6 WORLD ENGINEERING PLASTICS MARKET, BY GEOGRAPHY

6.1 Introduction

6.1.1 Market Size & Forecast

6.2 North America

6.2.1 Key Market Trends
6.2.2 Key Growth Factors and Opportunities
6.2.3 Market Size and Forecast
6.2.4 U.S.
6.2.5 Canada
6.2.6 Mexico

6.3 Europe

6.3.1 Key Market Trends
6.3.2 Key Growth Factors and Opportunities
6.3.3 Market SIZE and FORECAST
6.3.4 Germany
6.3.5 Spain
6.3.6 France
6.3.7 UK
6.3.8 Turkey
6.3.9 Russia
6.3.10 Others

6.4 Asia Pacific

6.4.1 Key Market Trends
6.4.2 Key Growth Factors and Opportunities
6.4.3 Market Size and Forecast
6.4.4 China
6.4.5 India
6.4.6 Japan
6.4.7 Others

6.5 LAMEA

6.5.1 Key Market Trends
6.5.2 Key Growth Factors and Opportunities
6.5.3 Market Size and Forecast
6.5.4 Brazil
6.5.5 Argentina
6.5.6 Others

CHAPTER 7 COMPANY PROFILES

7.1 BASF SE

7.1.1 Company Overview
7.1.2 Company Snapshot
7.1.3 Operating Business Segments
7.1.4 Business Performance
7.1.5 Key Strategic Moves and Developments

7.2 LG Chem Ltd.

7.2.1 Company overview
7.2.2 Company snapshot
7.2.3 Operating Business Segments
7.2.4 Business Performance
7.2.5 Key Strategic Moves and Developments

7.3 SABIC

7.3.1 Company Overview
7.3.2 Company Snapshot
7.3.3 Operating Business Segments
7.3.4 Business Performance
7.3.5 Key Strategic Moves and Developments

7.4 SOLVAY

7.4.1 Company Overview
7.4.2 Company Snapshot
7.4.3 Operating Business Segments
7.4.4 Business Performance
7.4.5 Key Strategic Moves and Developments

7.5 EVONIK INDUSTRIES AG

7.5.1 Company Overview
7.5.2 Company Snapshot
7.5.3 Operating Business Segments
7.5.4 Business Performance
7.5.5 Key Strategic Moves and Developments

7.6 ARKEMA SA

7.6.1 Company Overview
7.6.2 Company Snapshot
7.6.3 Operating Business Segments
7.6.4 Business Performance
7.6.5 Key Strategic Moves and Developments

7.7 E. I. DU PONT DE NEMOURS AND COMPANY

7.7.1 Company Overview
7.7.2 Company Snapshot
7.7.3 Operating Business Segments
7.7.4 Business Performance
7.7.5 Key Strategic Moves and Developments

7.8 Royal DSM NV

7.8.1 Company Overview
7.8.2 DSM Snapshot
7.8.3 Operating Business Segments
7.8.4 Financial performance
7.8.5 Key Strategic Moves and Developments

7.9 Lanxess AG

7.9.1 Company Overview
7.9.2 Company Snapshot
7.9.3 Operating Business Segments
7.9.4 Business Performance
7.9.5 Key Strategic Moves and Developments

7.10 Bayer AG

7.10.1 Company Overview
7.10.2 Company Snapshot
7.10.3 Operating Business Segments
7.10.4 Business Performance
7.10.5 Key Strategic Moves and Developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ARKEMA SA
  • BASF SE
  • Bayer AG
  • EVONIK INDUSTRIES AG
  • Lanxess AG
  • LG Chem Ltd.
  • MORE
A new report titled, "Engineering Plastics Market - Global Opportunity Analysis and Industry Forecast, 2014-2022", states that the world engineering plastics market was $67 billion in 2015, and is projected to reach $102 billion by 2022, with a CAGR of 6.4% from 2016 to 2022. Acrylonitrile-butadiene-styrene (ABS) segment is expected to lead the market throughout the forecast period, in terms of consumption as well as revenue. North America and Europe collectively accounted for about half of the market share in 2015.

Engineering plastics are utilized for manufacturing instrument panels, seating materials, airbag retainers, fuel systems, shifter bases, door systems, driver train, pedal boxes, sensor housings, and front end modules for automotive. These components make use of ABS, PC, PA, and POM. The key elements that drive the engineering plastics market growth include rise in trend of reducing vehicle weight, improvement in fuel efficiency, and metal replacement in the construction and electrical & electronics industries. Moreover, growth in the end-user industry namely packaging, building & construction, electrical & electronics, automotive and consumer products is further expected to increase the consumption of engineering plastics. However, fluctuating price of crude oil and regulatory challenges about CO2 emissions hamper the market growth.

In the year 2015, ABS segment acquired the largest share and is expected to lead during due to its versatile design structure, dimensional stability, mechanical strength, and thermal resistance. The polyamide segment is expected to grow with a high CAGR of 6.7% from 2016 to 2022 owing to increased demand from the automotive sector. In 2015, the automotive application segment accounted for the largest market share of nearly one-fourth. Packaging is estimated to be the fastest growing application segment with a CAGR of 7.3% due to the increase in requirement of enhanced storage and transporting solutions for perishable and non-perishable goods.

In the year 2015, Asia-Pacific occupied the largest market share of about 30%, owing to the growth in the automotive and consumer products industry. The huge emerging markets of China and India are estimated to show the highest increase in demand for polyamide (nylon) and polybutylene terephthalate (PBT) products. Furthermore, LAMEA is estimated to grow at the highest CAGR of 7.8%, as it consists of several emerging economies with expanding end-user industries such as automotive, construction, and consumer products.

Key Findings of Engineering Plastics Market

In 2015, ABS generated the highest revenue and is projected to grow at a CAGR of 5.9%.
The packaging segment is estimated to grow at a CAGR of 7.3%.
Polyamide is expected to be the fastest growing engineering plastic, with at a CAGR of 7.8%, in terms of value.
China accounted for more than 20% share of the world engineering plastics market in 2015.
LAMEA is expected to be the fastest growing market, with a CAGR of 7.8%.
The key players profiled include BASF SE (Germany), LG Chem (South Korea), SABIC Innovative Plastics (Saudi Arabia), Solvay SA (Belgium), Evonik Industries AG (Germany), Arkema SA (France), E. I. du Pont de Nemours and Company (U.S.), Royal DSM NV (Netherlands), Lanxess AG (Germany), and Bayer AG (Germany).
Note: Product cover images may vary from those shown
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- BASF SE
- LG Chem Ltd.
- SABIC
- SOLVAY
- EVONIK INDUSTRIES AG
- ARKEMA SA
- E. I. DU PONT DE NEMOURS AND COMPANY
- Royal DSM NV
- Lanxess AG
- Bayer AG
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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