China Engineering Plastics Market - Segmented by Product, and Application - Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4536212
  • Report
  • Region: China
  • 85 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • 3M
  • Asahi Kasei Corporation
  • Chemtura Corporation
  • DowDuPont
  • Ineos
  • Polyplastics Co. Ltd
  • MORE
The market for engineering plastics in China has been estimated to be at USD 29,720.93 million in 2017. The market is expected to portray a healthy growth rate during the forecast period, at a CAGR of 6.18%. Engineering plastics, a segment of the plastic industry, are used in applications that require high performance with respect to thermal stability, chemical stability, impact resistance, mechanical strength, and dimensional stability. The specific categorization of these materials is due to their utility in various applications that require higher performance than commodity materials and require engineering to design customized products. Engineering plastics are gradually replacing metal from construction and automotive industries due to their durability, designing flexibility, high strength-to-weight ratios, and low densities.

Growing Popularity of Bio-based PET Driving the Market

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.

Polyethylene Terephthalate (PET) the Dominant Product Type

Polyethylene terephthalate (PET) is a thermoplastic polyester engineering resin. PET resins are known for their excellent melt flow characteristics, close molding tolerances and high productivity from multicavity molds. Because its mechanical and electrical properties are so broad, PET is often used to replace metals in motor housings, switches, sensors, and other electrical applications. Demand for PET is majorly driven from automotive and packaging industry. 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, promote environmental awareness among its consumers.

Notable 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

Major Players: BASF SE, DowDuPont, DSM, and Solvay, among others.

Reasons to Purchase this Report
  • To understand the impact of end-user applications on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating product type in the market
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

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

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
3.5 Regulatory Policy Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Growing Popularity of Bio-based PET
4.1.2 Engineering Plastics Replacing Traditional Materials
4.2 Restraints
4.2.1 Lengthy and Exhaustive Process for Manufacturing of Engineering Plastics
4.3 Opportunities
4.3.1 Increasing Usage in Aerospace Industry
4.3.2 Accelerating Usage in Green Vehicles

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product
5.1.1 Fluoropolymers
5.1.2 Polyacetal/Polyoxymethylene
5.1.3 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)
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. Policies & Regulations

7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 3M
8.2 A. Schulman Inc.
8.3 Advan Six Inc.
8.4 Arkema
8.5 Asahi Kasei Corporation
8.6 Ashland
8.7 BASF SE
8.8 Celanese Corporation
8.9 Chemtura Corporation
8.10 Chi Mei Corporation
8.11 Chevron Philips Chemical Company
8.12 Covestro
8.13 Daicel Corporation
8.14 DSM
8.15 DowDuPont
8.16 Eastman Chemical Company
8.17 Evonik Industries AG
8.18 Grand Pacific Petrochemical Corporation
8.19 Ineos
8.20 Lanxess
8.21 LG Chem
8.22 Mitsubishi Engineering-Plastics Corporation
8.23 Nan Ya Plastics Corporation
8.24 PolyOne
8.25 Polyplastics Co., Ltd
8.26 Rochling Group
8.27 SABIC
8.28 Solvay SA
8.29 Trinseo
8.30 Teijin Limited
*List not exhaustive

9. 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
  • BASF SE
  • Celanese Corporation
  • Chemtura Corporation
  • Chi Mei Corporation
  • Chevron Philips Chemical Company
  • Covestro
  • Daicel Corporation
  • DSM
  • DowDuPont
  • 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 SABIC
  • Solvay
  • Trinseo
  • Teijin Limited
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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