+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Engineering Plastics Market

  • PDF Icon

    Report

  • 119 Pages
  • December 2022
  • Region: Global
  • Polaris Market Research
  • ID: 5724214
The global engineering plastics market size is expected to reach USD 193.24 billion by 2030, according to a new study. The report “Engineering Plastics Market Share, Size, Trends, Industry Analysis Report, By Type (Polyamide, Acrylonitrile Butadiene Styrene, Polycarbonate, Thermoplastic Polyester, Polyacetal, Fluoropolymer, and Others); By End-Use Industries; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The benefits associated with engineering plastics for automobiles are the major factor boosting the demand for different plastics, driving the growth. Four polymers - polypropylene, polyurethane, polyamides, & PVCs contain around 70% of the plastic used in vehicles. Recent trends toward lighter weighting for increased fuel efficiency and resulting decreases in greenhouse gas emissions have led to plastic becoming one of the essential materials needed for automobiles’ structure, functionality, and safety. While engineering plastics reduce the mass of parts used in automobiles because they provide more design freedom than metals, their high absorption qualities enable the vehicle to fulfill stricter safety regulations.

Further, the market expansion is primarily driven by the expanding automobile industry as a result of increased urbanization. The number of automobiles produced worldwide in 2021, up 1.3% from 2020 to 79.1 million, was reported by the European Automobile Manufacturers Association.

The need for engineering plastics, extensively employed across automobile and transportation parts like exteriors, engines, mechanical parts, interiors, diesel engines, and electric and electronic elements, is rising as auto production increases. Engineering plastic’s market is expanding as a result of expansion in the electronic and electrical industries brought on by a rise in demand for electronic products, including storage batteries, computers, communication devices, switchgear, and switchboard.

Additionally, growing investments in infrastructure development projects by both public and private organizations have increased the use of polyvinyl chloride (PVC) pipes for water distribution systems, boosting the use of engineering plastics. Additionally, these polymers are widely employed in the healthcare sector to manufacture medical implants and package medical devices, fueling market expansion internationally.

Engineering Plastics Market Report Highlights

  • Consumer appliances segment is anticipated to grow rapidly over the forecast period. Engineering bounders find increasing use in the consumer appliances sector. Because of their versatility in design and aesthetic appeal, engineered plastics are desirable in this sector.
  • The ABS (acrylonitrile butadiene styrene) segment accounted for the highest revenue share. ABS is primarily utilized in the automotive industry, for electrics and semiconductors, and in smaller amounts in the building and home goods industries.
  • Asia-Pacific is expected to grow dominantly over the projected period. Increasing consumption of engineering plastic in many end-use industries, along with high populations, propels regional growth. China is the largest producer & consumer of engineering plastic.
  • The global players include Arkema Corporation, Eastman Chemical Company, Evonik Industries, LG Chem Company, Mitsubishi Engineering-Plastics, DSM Corporation, SABIC, Solvay Incorporation, and TEIJIN LIMITED.

The publisher has segmented the engineering plastics market report based on type, end-use industries, and region:

Engineering Plastics, Type Outlook (Revenue - USD Billion, 2018 - 2030)

  • Polyamide
  • Acrylonitrile Butadiene Styrene
  • Polycarbonate
  • Thermoplastic Polyester
  • Polyacetal
  • Fluoropolymer
  • Others

Engineering Plastics, End-Use Industries Outlook (Revenue - USD Billion, 2018 - 2030)

  • Automotive and Transportation
  • Construction
  • Consumer Appliance
  • Electrical & Electronics
  • Industrial & Machinery
  • Packaging
  • Others

Engineering Plastics, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Engineering Plastics Market

What is the estimated value of the Engineering Plastics Market?

The Engineering Plastics Market was estimated to be valued at $125.95 billion in 2022.

What is the growth rate of the Engineering Plastics Market?

The growth rate of the Engineering Plastics Market is 5.5%, with an estimated value of $193.24 billion by 2030.

What is the forecasted size of the Engineering Plastics Market?

The Engineering Plastics Market is estimated to be worth $193.24 billion by 2030.

Who are the key companies in the Engineering Plastics Market?

Key companies in the Engineering Plastics Market include Arkema Corporation, BASF SE, Celanese Corporation, Covestro AG, Daicel Corporation, DuPont De Numerous Inc., Eastman Chemical Company Inc., Evonik Industries AG and LG Chem Company Limited.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Global Engineering Plastics Market Insights
4.1. Engineering Plastics Market - Industry Snapshot
4.2. Engineering Plastics Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increasing demand for polyamide in 3D printing
4.2.1.2. Financially attractive market
4.2.2. Restraints and Challenges
4.2.2.1. Processability issues
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Engineering Plastics Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Engineering Plastics Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Engineering Plastics, by Type, 2018 - 2030 (USD Billion)
5.3. Polyamide
5.3.1. Global Engineering Plastics Market, by Polyamide, by Region, 2018 - 2030 (USD Billion)
5.4. Acrylonitrile Butadiene Styrene
5.4.1. Global Engineering Plastics Market, by Acrylonitrile Butadiene Styrene, by Region, 2018 - 2030 (USD Billion)
5.5. Polycarbonate
5.5.1. Global Engineering Plastics Market, by Polycarbonate, by Region, 2018 - 2030 (USD Billion)
5.6. Thermoplastic Polyester
5.6.1. Global Engineering Plastics Market, by Thermoplastic Polyester, by Region, 2018 - 2030 (USD Billion)
5.7. Polyacetal
5.7.1. Global Engineering Plastics Market, by Polyacetal, by Region, 2018 - 2030 (USD Billion)
5.8. Fluoropolymer
5.8.1. Global Engineering Plastics Market, by Fluoropolymer, by Region, 2018 - 2030 (USD Billion)
5.9. Others
5.9.1. Global Engineering Plastics Market, by Others, by Region, 2018 - 2030 (USD Billion)

6. Global Engineering Plastics Market, by End-Use Industries
6.1. Key Findings
6.2. Introduction
6.2.1. Global Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
6.3. Automotive and Transportation
6.3.1. Global Engineering Plastics Market, by Automotive and Transportation, by Region, 2018 - 2030 (USD Billion)
6.4. Construction
6.4.1. Global Engineering Plastics Market, by Construction, by Region, 2018 - 2030 (USD Billion)
6.5. Consumer Appliance
6.5.1. Global Engineering Plastics Market, by Consumer Appliance, by Region, 2018 - 2030 (USD Billion)
6.6. Electrical & Electronics
6.6.1. Global Engineering Plastics Market, by Electrical & Electronics, by Region, 2018 - 2030 (USD Billion)
6.7. Industrial & Machinery
6.7.1. Global Engineering Plastics Market, by Industrial & Machinery, by Region, 2018 - 2030 (USD Billion)
6.8. Packaging
6.8.1. Global Engineering Plastics Market, by Packaging, by Region, 2018 - 2030 (USD Billion)
6.9. Others
6.9.1. Global Engineering Plastics Market, by Others, by Region, 2018 - 2030 (USD Billion)

7. Global Engineering Plastics Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Engineering Plastics Market Assessment, By Geography, 2018 - 2030 (USD Billion)
7.3. Engineering Plastics Market - North America
7.3.1. North America: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.3.2. North America: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.3.3. Engineering Plastics Market - U.S.
7.3.3.1. U.S.: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.3.3.2. U.S.: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.3.4. Engineering Plastics Market - Canada
7.3.4.1. Canada: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.3.4.2. Canada: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.4. Engineering Plastics Market - Europe
7.4.1. Europe: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.4.2. Europe: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.4.3. Engineering Plastics Market - UK
7.4.3.1. UK: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.4.3.2. UK: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.4.4. Engineering Plastics Market - France
7.4.4.1. France: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.4.4.2. France: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.4.5. Engineering Plastics Market - Germany
7.4.5.1. Germany: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.4.5.2. Germany: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.4.6. Engineering Plastics Market - Italy
7.4.6.1. Italy: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.4.6.2. Italy: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.4.7. Engineering Plastics Market - Spain
7.4.7.1. Spain: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.4.7.2. Spain: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.4.8. Engineering Plastics Market - Netherlands
7.4.8.1. Netherlands: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.4.8.2. Netherlands: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.4.9. Engineering Plastics Market - Russia
7.4.9.1. Russia: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.4.9.2. Russia: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.5. Engineering Plastics Market - Asia Pacific
7.5.1. Asia Pacific: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.5.2. Asia Pacific: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.5.3. Engineering Plastics Market - China
7.5.3.1. China: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.5.3.2. China: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.5.4. Engineering Plastics Market - India
7.5.4.1. India: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.5.4.2. India: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.5.5. Engineering Plastics Market - Malaysia
7.5.5.1. Malaysia: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.5.5.2. Malaysia: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.5.6. Engineering Plastics Market - Japan
7.5.6.1. Japan: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.5.6.2. Japan: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.5.7. Engineering Plastics Market - Indonesia
7.5.7.1. Indonesia: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.5.7.2. Indonesia: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.5.8. Engineering Plastics Market - South Korea
7.5.8.1. South Korea: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.5.8.2. South Korea: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.6. Engineering Plastics Market - Middle East & Africa
7.6.1. Middle East & Africa: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.6.2. Middle East & Africa: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.6.3. Engineering Plastics Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.6.3.2. Saudi Arabia: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.6.4. Engineering Plastics Market - UAE
7.6.4.1. UAE: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.6.4.2. UAE: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.6.5. Engineering Plastics Market - Israel
7.6.5.1. Israel: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.6.5.2. Israel: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.6.6. Engineering Plastics Market - South Africa
7.6.6.1. South Africa: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.6.6.2. South Africa: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.7. Engineering Plastics Market - Latin America
7.7.1. Latin America: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.7.2. Latin America: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.7.3. Engineering Plastics Market - Mexico
7.7.3.1. Mexico: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.7.3.2. Mexico: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.7.4. Engineering Plastics Market - Brazil
7.7.4.1. Brazil: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.7.4.2. Brazil: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)
7.7.5. Engineering Plastics Market - Argentina
7.7.5.1. Argentina: Engineering Plastics Market, by End-Use Industries, 2018 - 2030 (USD Billion)
7.7.5.2. Argentina: Engineering Plastics Market, by Type, 2018 - 2030 (USD Billion)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. Arkema Corporation
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. BASF SE
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Celanese Corp
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Covestro
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Daicel Corporation
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. DuPont De Numerous
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Eastman Chemical Company
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Evonik Industries
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. INEOS Corp
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. LG Chem Company
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Mitsubishi Engineering-Plastics
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. DSM Corporation
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. SABIC Inc
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. Solvay Incorporation
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. TEIJIN LIMITED
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development

Companies Mentioned

  • Arkema Corporation
  • BASF SE
  • Celanese Corporation
  • Covestro AG
  • Daicel Corporation
  • DuPont De Numerous Inc.
  • Eastman Chemical Company Inc.
  • Evonik Industries AG
  • INEOS Corp.
  • LG Chem Company Limited
  • Mitsubishi Engineering-Plastics Corporation
  • DSM Corporation
  • SABIC Inc.
  • Solvay Incorporation
  • TEIJIN LIMITED.