Engineering Plastics Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Engineering Plastics Market: By Type (Polyamides, ABS, Thermoplastic Polyesters, Polycarbonates, Polyacetals, Fluoropolymers and Others), By Application (Packaging, Building & Construction, Electrical & Electronics, Automotive, Consumer Products and Others) and Geography

 

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Report

Description

Global Engineering Plastics Market was valued at USD 80.72 billion in 2020 and is anticipated to grow at 115.13 billion till 2027 recording a CAGR of 7.5% during the forecast period 2021-2027. Engineering plastics are thought to be of higher grade than conventional plastics. During the projected period, the global engineering plastics market is expected to see an increase in demand. Engineering plastics are utilised in a variety of industries, including consumer electronics. Engineer plastics are manufactured in small quantities, but the worldwide engineering industry is expected to grow over time. Engineering plastics are lighter and more durable than regular plastics. In terms of abrasion and corrosion resistance, they outperform metals. The need for engineering plastic is boosted by a number of end users, including electrical and electronics, automotive and transportation, equipment and industrial, and consumer goods. The car industry, on the other hand, is likely to be a key contributor. This is due to the growing trend toward lighter vehicles and the demand for lower vehicle emissions. Engineering plastic’s global demand is also driven by its ease of processing. Another significant player in the engineering plastics sector is polyacetal. In comparison to traditional plastics, polyacetal is resistant to abrasion and high temperatures, and so has higher stiffness, high mechanical strength, chemical resistance, and self-lubricating qualities. As a result, being resourceful to the global engineering plastic market’s progress throughout the forecast period would be advantageous. The automotive industry has the opportunity to shape this fundamental restructuring. Plastics are majorly processed into automotive components and parts owing to their ease of manufacturing, possible sourcing from renewable raw materials and relative ease of improved design. Further, automotive plastics play a key role in performance and safety innovations in commercial vehicles, HMVs, modern cars and SUVs. They are usually strong, durable, scratch resistance, recyclable, resistive against abrasion, improve noise and vibration control and permit integration, moulding, and design of automobile components. Global engineering plastics market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in 2017, BASF expanded its business by opening a new Ultramid polymerization plant in Shanghai, China.

 


Engineering Plastics Market

MARKET SUMMARY
-
7.5%
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 7.5%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– Europe

Engineering Plastics Market

  • The report on global engineering plastics market gives historical, current, and future market sizes (US$ Bn) on the basis of type, application and region.
  • This report studies global engineering plastics market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
  • In addition, global engineering plastics market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition.
  • Moreover, PBI analyzed global engineering plastics market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).
  • Key stakeholders of the global engineering plastics market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global engineering plastics products.
Market Key Players
  • BASF
  • Covestro
  • Solvay SA
  • Celanese
  • DowDuPont
  • LG Chem
  • SABIC
  • Evonik Industries
  • Lanxess
  • Mitsubishi Engineering Plastics
Growth

Engineering Plastics Market

During the last decade, the advancement in production and management systems has revolutionized the automotive industry. The industry has witnessed the opening up and growth of several emerging markets.Some of the key factors fostering the market growth include the growth of small and medium enterprises in emerging economies, growth in end-use industries, rising popularity of bio-based pet, growing purchasing power in developing economies and the progress and the expansion in the automotive industry. However, lack of institutional arrangements and competition from other polymers are the major factors hindering the market growth.


Asia-Pacific Got Significant Share

Engineering Plastics Market

Global engineering plastics market report gives comprehensive outlook on engineering plastics across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific accounted for larger revenue share in global engineering plastics market with considerable CAGR. Asia Pacific is anticipated to witness considerable growth in this market due to increasing investments in the emerging markets, huge base of automobile manufacturers and presence of electrical and electronics manufacturers. In addition, Europe held substantial market during estimated period owing to innovation and technological advancement to develop new products and stringent emission and safety rules imposed by the European Union which forced companies to invest heavily in research and development.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Key

Key Findings of the Report

Engineering Plastics Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Engineering Plastics Market Introduction
    • Global Engineering Plastics Market – Taxonomy
    • Global Engineering Plastics Market –Definitions
      • Type
      • Application
  1. Global Engineering Plastics Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Engineering Plastics Market Dynamic Factors – Impact Analysis
    • Global Engineering Plastics Market – Competition Landscape
  2. Global Engineering Plastics Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Engineering Plastics Market, By Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Polyamides
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • ABS
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Thermoplastic Polyesters
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polycarbonates
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polyacetals
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Fluoropolymers
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Engineering Plastics Market Forecast, By Application, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Packaging
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Building & Construction
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electrical & Electronics
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automotive
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Consumer Products
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Engineering Plastics Market – Opportunity Analysis Index, By Type, Application and Region, 2019 – 2025
  2. Global Engineering Plastics Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Engineering Plastics Market – Opportunity Analysis Index, By Type, Application and Region, 2019 – 2025
  3. North America Engineering Plastics Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyamides
      • ABS
      • Thermoplastic Polyesters
      • Polycarbonates
      • Polyacetals
      • Fluoropolymers
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Packaging
      • Building & Construction
      • Electrical & Electronics
      • Automotive
      • Consumer Products
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Engineering Plastics Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
    • North America Engineering Plastics Market Dynamics – Trends
  4. Europe Engineering Plastics Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyamides
      • ABS
      • Thermoplastic Polyesters
      • Polycarbonates
      • Polyacetals
      • Fluoropolymers
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Packaging
      • Building & Construction
      • Electrical & Electronics
      • Automotive
      • Consumer Products
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Engineering Plastics Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
    • Europe Engineering Plastics Market Dynamics – Trends
  5. Asia-Pacific Engineering Plastics Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyamides
      • ABS
      • Thermoplastic Polyesters
      • Polycarbonates
      • Polyacetals
      • Fluoropolymers
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Packaging
      • Building & Construction
      • Electrical & Electronics
      • Automotive
      • Consumer Products
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Engineering Plastics Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
    • Asia-Pacific Engineering Plastics Market Dynamics – Trends
  6. Latin America Engineering Plastics Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyamides
      • ABS
      • Thermoplastic Polyesters
      • Polycarbonates
      • Polyacetals
      • Fluoropolymers
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Packaging
      • Building & Construction
      • Electrical & Electronics
      • Automotive
      • Consumer Products
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Engineering Plastics Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
    • Latin America Engineering Plastics Market Dynamics – Trends
  7. Middle East and Africa Engineering Plastics Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn)
    • Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Polyamides
      • ABS
      • Thermoplastic Polyesters
      • Polycarbonates
      • Polyacetals
      • Fluoropolymers
      • Others
    • Application Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Packaging
      • Building & Construction
      • Electrical & Electronics
      • Automotive
      • Consumer Products
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Engineering Plastics Market – Opportunity Analysis Index, By Type, Application and Country, 2019 – 2025
    • MEA Engineering Plastics Market Dynamics – Trends
  8. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Component & Component Offerings, Key Developments, Strategies, and SWOT Analysis)
      • BASF (Germany)
      • Covestro (Germany)
      • Solvay SA (Belgium)
      • Celanese (US)
      • DowDuPont (US)
      • LG Chem (South Korea)
      • SABIC (Saudi Arabia)
      • Evonik Industries (Germany)
      • Lanxess (Germany)
      • Mitsubishi Engineering Plastics (Japan)
  9. Research Methodology
  10. Key Assumptions and Acronyms

Report

Company Profile

  • BASF (Germany)
  • Covestro (Germany)
  • Solvay SA (Belgium)
  • Celanese (US)
  • DowDuPont (US)
  • LG Chem (South Korea)
  • SABIC (Saudi Arabia)
  • Evonik Industries (Germany)
  • Lanxess (Germany)
  • Mitsubishi Engineering Plastics (Japan).

Description

Global Engineering Plastics Market was valued at USD 80.72 billion in 2020 and is anticipated to grow at 115.13 billion till 2027 recording a CAGR of 7.5% during the forecast period 2021-2027. Engineering plastics are thought to be of higher grade than conventional plastics. During the projected period, the global engineering plastics market is expected to see an increase in demand. Engineering plastics are utilised in a variety of industries, including consumer electronics. Engineer plastics are manufactured in small quantities, but the worldwide engineering industry is expected to grow over time. Engineering plastics are lighter and more durable than regular plastics. In terms of abrasion and corrosion resistance, they outperform metals. The need for engineering plastic is boosted by a number of end users, including electrical and electronics, automotive and transportation, equipment and industrial, and consumer goods. The car industry, on the other hand, is likely to be a key contributor. This is due to the growing trend toward lighter vehicles and the demand for lower vehicle emissions. Engineering plastic’s global demand is also driven by its ease of processing. Another significant player in the engineering plastics sector is polyacetal. In comparison to traditional plastics, polyacetal is resistant to abrasion and high temperatures, and so has higher stiffness, high mechanical strength, chemical resistance, and self-lubricating qualities. As a result, being resourceful to the global engineering plastic market’s progress throughout the forecast period would be advantageous. The automotive industry has the opportunity to shape this fundamental restructuring. Plastics are majorly processed into automotive components and parts owing to their ease of manufacturing, possible sourcing from renewable raw materials and relative ease of improved design. Further, automotive plastics play a key role in performance and safety innovations in commercial vehicles, HMVs, modern cars and SUVs. They are usually strong, durable, scratch resistance, recyclable, resistive against abrasion, improve noise and vibration control and permit integration, moulding, and design of automobile components. Global engineering plastics market is surging owing to frequent acquisitions and launchings by the market players. For Instance, in 2017, BASF expanded its business by opening a new Ultramid polymerization plant in Shanghai, China.

 

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