Asia-Pacific Engineering Plastics Market - Segmented by Product, Application, and Geography - Growth, Trends and Forecasts (2018 - 2023)

  • ID: 4515799
  • Report
  • Region: Asia Pacific
  • 180 pages
  • Mordor Intelligence
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  • 3M
  • Asahi Kasei Corporation
  • Chemtura Corporation
  • DSM
  • Ineos
  • Polyplastics Co. Ltd
  • MORE
The market for engineering plastics in Asia-Pacific has been estimated to be at 25.37 million tons in 2017. The market is expected to portray a healthy growth rate over the forecast period, at a CAGR of 5.67%. PET (Polyethylene terephthalate) resins were proven to be the dominating product type segment with 51% share in the engineering plastics’ product basket from the past couple of years and by evaluating the current market trends, PET resin seems to dominate the engineering plastics market over the next five years as well, at a CAGR of 6.56%.

Growing Popularity of Bio-based PET

Considering the side effects of petrochemical based plastics, the popularity of bio-based product is rising globally. Since PET is favorably used in food & beverages packaging industry; this bio-based product trend is creating a direct impact on the PET demand. Additionally, the flexibility to recycle and significant reduction in the weight due to bio-based technology, this product category turns to be one of the most favored product in multiple end-user industry such as automotive, electrical & electronics, and food & beverages packaging industry among others.

Packaging, electrical & electronics, building & construction, and automotive are some of the major end-user industries for engineering plastics market. Demand for PET is majorly driven from packaging industry and constantly increasing. For instance, Coca-Cola developed the concept of recyclable plant bottles, which are made of PET plastics, partially manufactured from plants. Thus, this helped the company to focus on using bio-based PET for packaging its beverages, and at the same time to promote environmental awareness among its consumers.

Asia-Pacific Dominates the Market

Asia-Pacific has the highest share in the market, accounting for around 56% of the global market share in 2016. The market for Asia-Pacific is highly driven by the automotive and electrical & electronics industry demand in the emerging markets such as China, India, South Korea, Thailand, and Indonesia among others.

China is the Largest Producer

The market in China is expected to witness a faster growth, compared to other countries, owing to the significant increase in the per-capita income of the Chinese middle class population and the resultant increase in the overall consumer goods sales in the region. Moreover, China has proven itself as the world’s industrial and manufacturing hub over the past many decades.

Key Developments in the Market

December 2017: BASF SE expanded its research scope at Network for Asian Open Research (NAO) to cover advanced materials & systems research, bioscience research, and process research & chemical engineering by partnering 10 major Asian universities and research partners from China, Japan, and South Korea.

June 2017: BASF SE to acquire Solvay’s polyamide business. The deal is expected to be closed by Q3 2018

Key Players: BASF SE, DowDupont, DSM, and Solvay amongst others

Reasons to Purchase this Report

Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities

Various market perspectives, with the help of Porter’s five forces analysis

Regions or countries that are expected to witness the fastest growth during the forecast period

Product segment, which is going to dominate the market over the forecast period

The latest developments, market shares, and strategies that are employed by the major market players,

3 months analyst support along with the Market Estimation sheet (In excel).

Customization of the Report

This report can be customized to meet your requirements.
Note: Product cover images may vary from those shown
2 of 5


  • 3M
  • Asahi Kasei Corporation
  • Chemtura Corporation
  • DSM
  • Ineos
  • Polyplastics Co. Ltd
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables

2. Executive Summery

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s 5 Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Patent Analysis
3.4 Raw Material Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Growing Purchasing Power in the Developing Countries
4.1.2 Rising Popularity of Bio-based PET
4.1.3 Engineering Plastics Replacing Traditional Materials
4.2 Restraints
4.2.1 Lengthy and Exhaustive Process for Manufacturing of Engineering Plastics
4.2.2 Other Restraints
4.3 Opportunities
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 (Market Size, Growth, and Forecast)
5.1 By Product
5.1.1 Fluoropolymers Polytetrafluoroethylene (PTFE) Polyvinylidene Fluoride (PVDF) Fluorinated Ethylene Propylene (FEP)
5.1.2 Polyacetal/Polyoxymethylene
5.1.3 Polyamides Nylon 6 Nylon 6,6 Other Polyamides
5.1.4 Polycarbonates
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 (PET & PBT) Polybutylene terephthalate (PBT) Polyethylene terephthalate (PET) Copolyesters (PETG/PCTG)
5.1.10 Liquid Crystal Polymers (LCP)
5.1.11 Polyether Ether Ketone (PEEK)
5.1.12 Polyimides (PI)
5.1.13 Polyphthalamide (PPA)
5.2 By Application
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
5.2.6 Packaging
5.2.7 Others

6. Regional Analysis (Market Size, Growth, and Forecast)
6.1 China
6.2 India
6.3 Japan
6.4 South Korea
6.5 ASEAN Countries
6.6 Rest Of Asia-Pacific

7. Policies & Regulations

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Company Profiles
9.1 3M
9.2 A. Schulman Inc.
9.3 Advan Six Inc.
9.4 Arkema
9.5 Asahi Kasei Corporation
9.6 Ashland
9.8 Celanese Corporation
9.9 Chemtura Corporation
9.10 Chi Mei Corporation
9.11 Chevron Philips Chemical Company
9.12 Covestro
9.13 Daicel Corporation
9.14 DSM
9.15 DuPont
9.16 Eastman Chemical Company
9.17 Evonik Industries AG
9.18 Grand Pacific Petrochemical Corporation
9.19 Ineos
9.20 Lanxess
9.21 LG Chem
9.22 Mitsubishi Engineering-Plastics Corporation
9.23 Nan Ya Plastics Corporation
9.24 PolyOne
9.25 Polyplastics Co., Ltd
9.26 Rochling Group
9.27 SABIC
9.28 Solvay
9.29 Trinseo
9.30 Teijin Limited
9.31 The Dow Chemical Company
*(List Not Exhaustive)

10. Disclaimer
**Subject to availability on public domain
Note: Product cover images may vary from those shown
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  • 3M
  • A. Schulman Inc.
  • Advan Six Inc.
  • Arkema
  • Asahi Kasei Corporation
  • Ashland
  • Celanese Corporation
  • Chemtura Corporation
  • Chi Mei Corporation
  • Chevron Philips Chemical Company
  • Covestro
  • Daicel Corporation
  • DSM
  • DuPont
  • Eastman Chemical Company
  • Evonik Industries AG
  • Grand Pacific Petrochemical Corporation
  • Ineos
  • Lanxess
  • LG Chem
  • Mitsubishi Engineering-Plastics Corporation
  • Nan Ya Plastics Corporation
  • PolyOne
  • Polyplastics Co. Ltd
  • Rochling Group
  • Solvay
  • Trinseo
  • Teijin Limited
  • The Dow Chemical Company
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown