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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Engineering Plastics Market size was valued at USD 80.72 billion in 2022 and is anticipated to grow at 115.13 billion till 2029 recording a CAGR of 7.5% from 2023-2029. 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.

Engineering Plastics Market Key Developments:
  • For Instance, in 2017, BASF expanded its business by opening a new Ultramid polymerization plant in Shanghai, China.  

 

Global Engineering Plastics Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.5%

Largest Market

Asia Pacific

Fastest Growing Market

Europe
Engineering Plastics Market Dynamics

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.

Key Features of the Reports

  • The engineering plastics market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • 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

Global Engineering Plastics Market Segmentation

By Type
  • Polyamides
  • ABS
  • Thermoplastic Polyesters
  • Polycarbonates
  • Polyacetals
  • Fluoropolymers
  • Others
By Application
  • Packaging
  • Building & Construction
  • Electrical & Electronics
  • Automotive
  • Consumer Products
  • Others
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

The engineering plastics market is projected to expand at a CAGR of 7.5% during the forecast period.

BASF, Covestro, Solvay SA, Celanese, DowDuPont, LG Chem, SABIC, Evonik Industries, Lanxess, Mitsubishi Engineering Plastics

1. Executive Summary
2. Global Engineering Plastics Market Introduction 
2.1.Global Engineering Plastics Market  - Taxonomy
2.2.Global Engineering Plastics Market  - Definitions
2.2.1.Type
2.2.2.Application
2.2.3.Region
3. Global Engineering Plastics Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Engineering Plastics Market Analysis, 2018-2022 and Forecast 2023-2029
4.1.  Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Engineering Plastics Market  By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
5.1. Polyamides
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. ABS
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Thermoplastic Polyesters
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Polycarbonates
5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Polyacetals
5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Fluoropolymers
5.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Others
5.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
6. Global Engineering Plastics Market  By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
6.1. Packaging
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Building & Construction
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Electrical & Electronics
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Automotive
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Consumer Products
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7. Global Engineering Plastics Market  By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. North America Engineering Plastics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
8.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Polyamides
8.1.2.ABS
8.1.3.Thermoplastic Polyesters
8.1.4.Polycarbonates
8.1.5.Polyacetals
8.1.6.Fluoropolymers
8.1.7.Others
8.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Packaging
8.2.2.Building & Construction
8.2.3.Electrical & Electronics
8.2.4.Automotive
8.2.5.Consumer Products
8.2.6.Others
8.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9. Europe Engineering Plastics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
9.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Polyamides
9.1.2.ABS
9.1.3.Thermoplastic Polyesters
9.1.4.Polycarbonates
9.1.5.Polyacetals
9.1.6.Fluoropolymers
9.1.7.Others
9.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Packaging
9.2.2.Building & Construction
9.2.3.Electrical & Electronics
9.2.4.Automotive
9.2.5.Consumer Products
9.2.6.Others
9.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
 
10. Asia Pacific (APAC) Engineering Plastics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Polyamides
10.1.2.ABS
10.1.3.Thermoplastic Polyesters
10.1.4.Polycarbonates
10.1.5.Polyacetals
10.1.6.Fluoropolymers
10.1.7.Others
10.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Packaging
10.2.2.Building & Construction
10.2.3.Electrical & Electronics
10.2.4.Automotive
10.2.5.Consumer Products
10.2.6.Others
10.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11. Middle East and Africa (MEA) Engineering Plastics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Polyamides
11.1.2.ABS
11.1.3.Thermoplastic Polyesters
11.1.4.Polycarbonates
11.1.5.Polyacetals
11.1.6.Fluoropolymers
11.1.7.Others
11.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Packaging
11.2.2.Building & Construction
11.2.3.Electrical & Electronics
11.2.4.Automotive
11.2.5.Consumer Products
11.2.6.Others
11.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12. Latin America Engineering Plastics Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Polyamides
12.1.2.ABS
12.1.3.Thermoplastic Polyesters
12.1.4.Polycarbonates
12.1.5.Polyacetals
12.1.6.Fluoropolymers
12.1.7.Others
12.2.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Packaging
12.2.2.Building & Construction
12.2.3.Electrical & Electronics
12.2.4.Automotive
12.2.5.Consumer Products
12.2.6.Others
12.3.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1. BASF (Germany)
13.2.2. Covestro (Germany)
13.2.3. Solvay SA (Belgium)
13.2.4. Celanese (US)
13.2.5. DowDuPont (US)
13.2.6. LG Chem (South Korea)
13.2.7. SABIC (Saudi Arabia)
13.2.8. Evonik Industries (Germany)
13.2.9. Lanxess (Germany)
13.2.10. Mitsubishi Engineering Plastics (Japan).
14. Research Methodology 
15. Appendix and Abbreviations 
  • 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).

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