Engineering plastics are increasingly being used in many markets from packaging, building & construction, electrical & electronics, to automotive & transportation, furniture & bedding, sports & leisure and many other segments. At present, electrical & electronics and consumer goods are the major markets. Automotive & transportation and construction are the two promising application areas for engineering plastics. A major trend driving the market is the growing demand of these plastics in developing countries, such as India, China, and Brazil. In 2012, production of engineering plastics amounted to 218.88 million tons.
Europe and North America are expected to remain interesting locations for research and development; they are, additionally, important as sales markets. However, the establishment of new production capacities is favored in the Middle East region. Emerging countries of Asia, South America, the Middle-East and various developing regions from Europe have been witnessing sizeable growth prospects for engineering plastics.
The growing trend towards lighter vehicles, lower emissions, and enhanced fuel-efficiency are expected to drive the consumption growth of engineering plastics in the automotive and transportation industry. A high increase in the sale of passenger cars in emerging markets, such as China and India, is also expected to boost the market. The industry is expected to face certain challenges, such as regulatory standards to reduce CO2 emissions, fluctuation of crude oil prices, and product commoditization.
The global engineering plastic market is characterized by the presence of numerous international and regional players, resulting in a highly competitive market environment. The top seven players in the market accounted for more than 20% of the total share in 2015. An overwhelming majority of companies in this market focus on just one or two end-use markets and have an annual sale of less than USD 10 million.
The global engineering plastics market is segmented by product and application. By product, the global engineering plastics market is segmented into fluoropolymers [polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), and fluorinated ethylene propylene (FEP)], polyacetal/polyoxymethylene, polyamides (nylon 6, nylon 66, and others), polycarbonates, polymethyl methacrylate (PMMA), polyphenylene oxides (PPO/PPE blends), polyphenylene sulfide (PPS), styrene copolymers (ABS & SAN), thermoplastic polyesters [polybutylene terephthalate (PBT, polyethylene terephthalate (PET), and copolyesters (PETG/PCTG)], liquid crystal polymers (LCP), polyether ether ketone (PEEK), polyimides (PI), and others. By application, the global engineering plastics market is segmented into automotive & transportation, buildings & construction, consumer goods & appliances, electrical & electronics, industrial & machinery, packaging, and others.
Additionally, the global engineering plastics market is segmented by geography into North America (the US, Canada, Mexico, and Rest of North America), Europe (France, Germany, Italy, the UK, Russia, the Nordic Countries, The Netherlands, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, ASEAN Countries, and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and the Middle-East & Africa (Saudi Arabia, South Africa, Qatar, UAE, and Rest of the Middle-East & Africa).
Global Engineering Plastics Market, By Region, 2015
Opportunities and Market Players
An increasing use of engineering plastics in the aerospace industry, innovative product applications, and an accelerating use in green vehicles, are expected to offer numerous opportunities for the growth of the global engineering plastics market.
Some of the major companies and vendors in the market include:
- BASF SE
- Solvay Plastics
- Royal DSM
Our forecasts are based on the latest news:
DSM NV is setting up enhanced facilities in Asia-Pacific (China and India), keeping up with growing demands from the market.
Solvay Engineering Plastics to open testing lab in Shanghai, to be able to meet the growing demand from the Chinese market.
Kolon BASF innoPOM Inc. - a joint venture established by Kolon Plastics and BASF, to target the engineering plastics market.
Market analysis for the global engineering plastics market, with region-specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global engineering plastics market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
1.2 Research Methodology
1.3 Scope of the Report
2. Executive Summary
3. Engineering Plastics Market
3.1 Industry Value Chain Analysis
3.2 Patent Analysis
3.3 Raw Material Analysis
3.4 Industry Attractiveness – Porter’s Five Force Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Purchasing Power in the Developing Countries
4.1.2 Increasing Popularity of Bio-Based PET
4.1.3 Engineering Plastics Replacing Traditional Materials
4.2.1 Volatility in Raw Material Prices
4.3.1 Innovative Product Applications
4.3.2 Increasing Usage in Aerospace Industry
4.3.3 Accelerating Usage in Green Vehicles
5. Market Segmentation and Analysis
5.1 By Product
22.214.171.124 Polytetrafluoroethylene (PTFE)
126.96.36.199 Polyvinylidene Fluoride (PVDF)
188.8.131.52 Fluorinated Ethylene Propylene (FEP)
184.108.40.206 Nylon 6
220.127.116.11 Nylon 66
5.1.5 Polymethyl Methacrylate (PMMA)
5.1.6 Polyphenylene Oxide (PPO/PPE Blends)
5.1.7 Polyphenylene Sulfide (PPS)
5.1.8 Styrene Copolymers (ABS & SAN)
5.1.9 Thermoplastic Polyesters
18.104.22.168 Polybutylene Terephthalate (PBT)
22.214.171.124 Polyethylene Terephthalate (PET)
126.96.36.199 Copolyesters (PETG/PCTG)
5.1.10 Liquid Crystal Polymers (LCP)
5.1.11 Polyether Ether Ketone (PEEK)
5.1.12 Polyimides (PI)
5.2 By End-user Industry
5.2.1 Automotive & Transportation
5.2.2 Building & Construction
5.2.3 Consumer Goods & Appliances
5.2.4 Electrical & Electronics
5.2.5 Industrial & Machinery
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.4 Rest of North America
6.2.2 United Kingdom
6.2.6 Nordic Countries
6.2.7 The Netherlands
6.2.9 Rest of Europe
6.3.4 South Korea
6.3.5 Australia & New Zealand
6.3.6 ASEAN Countries
6.3.7 Rest of Asia-Pacific
6.4 South America
6.4.5 Rest of South America
6.5 Middle-East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.5 Rest of Middle-East and Africa
7. Policies and Regulations
8. Competitive Landscape
8.1 Mergers & Acquisitions
8.2 Joint Ventures, Collaborations, and Agreements
8.3 Market Share Analysis
8.4 Strategies Adopted by Leading Players
9. Company Profiles
9.1 A. Schulman Inc.
9.2 Arkema SA
9.3 Asahi Kasei Corporation
9.4 Ashland Inc.
9.5 BASF SE
9.6 CCP Composites
9.7 Celanese Corporation
9.8 Chemtura Corporation
9.9 Chi Mei Corporation
9.10 Chevron Phillips Chemical
9.11 Covestro AG
9.12 Daicel Corporation
9.14 Dyneon LLC
9.15 Eastman Chemical Company
9.16 Evonik Industries AG
9.17 Grand Pacific Petrochemical Corporation
9.18 Honeywell Resins and Chemicals
9.19 Ineos Group
9.20 Lanxess AG
9.21 LG Chemicals
9.22 Mitsubishi Engineering Plastics Corporation
9.23 Nova Chemicals Corporation
9.24 PolyOne Corporation
9.25 Polyplastics Co. Ltd.
9.26 Rochling Group
9.27 Royal DSM NV
9.29 Solvay Plastics
9.30 Styrolution Group
9.32 Teijin Chemicals Limited
9.33 The Dow Chemical Company