Major players in the engineering plastics market are Covestro AG, Du Pont de Nemours & Company, LG Chem Ltd., Evonik Industries AG, Mitsubishi Chemical Engineering Corporation, BASF SE, Celanese Corporation, Solvay S.A, Saudi Basic Industries Corporation, Lanxess AG, and E. I. du Pont de Nemours and Company.
The global engineering plastics market is expected to grow from $ 84.88 billion in 2021 to $ 95.27 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The engineering plastics market is expected to grow to $ 131.37 billion in 2026 at a CAGR of 8.4%.
The engineering plastics market consists of sales of engineering plastic products by entities (organizations, sole traders, and partnerships) that can withstand adverse mechanical and environmental conditions. Engineering plastics are high-performance synthetic resins with high durability and heat resistance that have better mechanical and thermal properties. Engineering plastics are a class of plastic polymers that offer superior qualities over the more popular commodity plastics.
The main types of engineering plastics are acrylonitrile butadiene styrene, polyamide, polycarbonate, thermoplastic polyester, polyacetal, fluoropolymer, and others. Acrylonitrile Butadiene Styrene (ABS) is used for injection molding applications. It is popular due to its low production cost. Acrylonitrile Butadiene Styrene (ABS) is a terpolymer made by polymerizing styrene and acrylonitrile in the presence of polybutadiene. The different performance parameters include high performance and low performance, and are employed in automotive and transportation, consumer appliances, electrical and electronics, industrial and machinery, packaging, and other end-use industries.
Asia Pacific was the largest region in the engineering plastics market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the engineering plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growth in the electronics and electrical industries is expected to propel the growth of the engineering plastics market going forward. The electronics industry produces consumer electronics, electrical equipment, and electrical components for a variety of products. Engineering plastics are used in the manufacturing of various electronic goods such as computers, communication equipment, switchgear, storage batteries, and switchboards. For instance, according to the Ministry of Electronics and Information Technology, an India-based government agency, the electronics manufacturing industry is expected to grow from US$ 75 billion in 2022 to US$ 300 billion by 2026. Therefore, the growth in the electronics and electrical industries is driving the demand for the engineering plastics market.
Bio-based or recycled-based materials have emerged as a key trend gaining popularity in the engineering plastics market. Major companies operating in the engineering plastics market are focused on developing bio-based or recycled-based materials as alternatives for plastics solutions to strengthen their position in the market. For instance, in October 2019, Koninklijke DSM N.V., a Netherlands-based chemicals company, introduced bio-or recycled-based materials as a full alternative range of engineering plastics business. It is also launching bio-based grades of Stanyl and Arnitel product portfolios manufactured using the mass-balancing approach of bio-based feedstock.
In May 2022, RadiciGroup, an Italy-based manufacturer and supplier of engineering polymers, acquired Ester Industries Ltd.’s engineering plastics business for $ 37 million. With this acquisition, RadiciGroup would be able to increase its already significant commercial presence in the Indian market. Ester Industries is an India-based manufacturer of engineering plastics.
The countries covered in the engineering plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The engineering plastics market research report is one of a series of new reports that provides engineering plastics market statistics, including engineering plastics industry global market size, regional shares, competitors with engineering plastics market share, detailed engineering plastics market segments, market trends and opportunities, and any further data you may need to thrive in the engineering plastics industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
This product will be delivered within 1-3 business days.
The global engineering plastics market is expected to grow from $ 84.88 billion in 2021 to $ 95.27 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The engineering plastics market is expected to grow to $ 131.37 billion in 2026 at a CAGR of 8.4%.
The engineering plastics market consists of sales of engineering plastic products by entities (organizations, sole traders, and partnerships) that can withstand adverse mechanical and environmental conditions. Engineering plastics are high-performance synthetic resins with high durability and heat resistance that have better mechanical and thermal properties. Engineering plastics are a class of plastic polymers that offer superior qualities over the more popular commodity plastics.
The main types of engineering plastics are acrylonitrile butadiene styrene, polyamide, polycarbonate, thermoplastic polyester, polyacetal, fluoropolymer, and others. Acrylonitrile Butadiene Styrene (ABS) is used for injection molding applications. It is popular due to its low production cost. Acrylonitrile Butadiene Styrene (ABS) is a terpolymer made by polymerizing styrene and acrylonitrile in the presence of polybutadiene. The different performance parameters include high performance and low performance, and are employed in automotive and transportation, consumer appliances, electrical and electronics, industrial and machinery, packaging, and other end-use industries.
Asia Pacific was the largest region in the engineering plastics market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the engineering plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growth in the electronics and electrical industries is expected to propel the growth of the engineering plastics market going forward. The electronics industry produces consumer electronics, electrical equipment, and electrical components for a variety of products. Engineering plastics are used in the manufacturing of various electronic goods such as computers, communication equipment, switchgear, storage batteries, and switchboards. For instance, according to the Ministry of Electronics and Information Technology, an India-based government agency, the electronics manufacturing industry is expected to grow from US$ 75 billion in 2022 to US$ 300 billion by 2026. Therefore, the growth in the electronics and electrical industries is driving the demand for the engineering plastics market.
Bio-based or recycled-based materials have emerged as a key trend gaining popularity in the engineering plastics market. Major companies operating in the engineering plastics market are focused on developing bio-based or recycled-based materials as alternatives for plastics solutions to strengthen their position in the market. For instance, in October 2019, Koninklijke DSM N.V., a Netherlands-based chemicals company, introduced bio-or recycled-based materials as a full alternative range of engineering plastics business. It is also launching bio-based grades of Stanyl and Arnitel product portfolios manufactured using the mass-balancing approach of bio-based feedstock.
In May 2022, RadiciGroup, an Italy-based manufacturer and supplier of engineering polymers, acquired Ester Industries Ltd.’s engineering plastics business for $ 37 million. With this acquisition, RadiciGroup would be able to increase its already significant commercial presence in the Indian market. Ester Industries is an India-based manufacturer of engineering plastics.
The countries covered in the engineering plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The engineering plastics market research report is one of a series of new reports that provides engineering plastics market statistics, including engineering plastics industry global market size, regional shares, competitors with engineering plastics market share, detailed engineering plastics market segments, market trends and opportunities, and any further data you may need to thrive in the engineering plastics industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Engineering Plastics Market
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Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | December 2022 |
Forecast Period | 2022 - 2026 |
Estimated Market Value ( USD | $ 95.27 billion |
Forecasted Market Value ( USD | $ 131.37 billion |
Compound Annual Growth Rate | 8.4% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Engineering Plastics Market Characteristics3. Engineering Plastics Market Trends And Strategies28. Key Mergers And Acquisitions In The Engineering Plastics Market29. Engineering Plastics Market Future Outlook and Potential Analysis
4. Engineering Plastics Market - Macro Economic Scenario
5. Engineering Plastics Market Size And Growth
6. Engineering Plastics Market Segmentation
7. Engineering Plastics Market Regional And Country Analysis
8. Asia-Pacific Engineering Plastics Market
9. China Engineering Plastics Market
10. India Engineering Plastics Market
11. Japan Engineering Plastics Market
12. Australia Engineering Plastics Market
13. Indonesia Engineering Plastics Market
14. South Korea Engineering Plastics Market
15. Western Europe Engineering Plastics Market
16. UK Engineering Plastics Market
17. Germany Engineering Plastics Market
18. France Engineering Plastics Market
19. Eastern Europe Engineering Plastics Market
20. Russia Engineering Plastics Market
21. North America Engineering Plastics Market
22. USA Engineering Plastics Market
23. South America Engineering Plastics Market
24. Brazil Engineering Plastics Market
25. Middle East Engineering Plastics Market
26. Africa Engineering Plastics Market
27. Engineering Plastics Market Competitive Landscape And Company Profiles
30. Appendix
Executive Summary
Engineering Plastics Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global engineering plastics market.This report focuses on engineering plastics market which is experiencing strong growth. The report gives a guide to the engineering plastics market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
- Impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the engineering plastics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Engineering Plastics market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider engineering plastics market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Our forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of covid 19 on supply chains and consumption patterns.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The engineering plastics market section of the report gives context. It compares the engineering plastics market with other segments of the engineering plastics market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, engineering plastics indicators comparison.
Scope
Markets Covered:
1) By Type: Acrylonitrile Butadiene Styrene; Polyamide; Polycarbonate; Thermoplastic Polyester; Polyacetal; Fluoropolymer; Other Types2) By Performance Parameter: High Performance; Low Performance
3) By End-Use Industry: Automotive And Transportation; Consumer Appliances; Electrical And Electronics; Industrial And Machinery; Packaging; Other End-Use Industries
Companies Mentioned: Covestro AG; Du Pont de Nemours & Company; LG Chem Ltd.; Evonik Industries AG; Mitsubishi Chemical Engineering Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Covestro AG
- Du Pont de Nemours & Company
- LG Chem Ltd.
- Evonik Industries AG
- Mitsubishi Chemical Engineering Corporation
Methodology
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