Engineering plastics contain high-performance plastic that have better mechanical and physical properties than normal plastic. Acrylonitrile butadiene styrene (ABS) is one of the commonly used engineering plastic that is widely used across car bumpers, dashboard trim and Lego bricks. Moreover, polycarbonates are also used as a major engineering plastic that is widely used across motorcycle helmets. Engineering plastics are now gradually replacing traditional engineering materials such as metal and wood across various applications. Furthermore, they are gaining huge demand across various industries due to their excellent thermal properties and are also easy to produce. Automotive and transportation, electrical and electronics, construction, medical, and packaging are some of the major end-user of engineering plastic.
Market Dynamics
Expanding construction industry around the globe due to increasing investment by government in the sector is expected to accelerate the market growth of engineering plastics. According to the Global Construction Review, globally capital projects and infrastructure spending are expected to more than US$ 9 trillion by 2025. Moreover, according to World Bank Data, the number of cities with a population exceeding 1 million has increased from 270 in 2001 to around 500 in 2015. It is expected that this number will increase to 670 such cities in 2030. This means that the demand for commercial and residential establishments will grow significantly over the forecast period.
The growing production of plastic is projected to accelerate the market growth of engineering plastic over the forecast period. According to Plastic Europe, Plastics production ramped up from 1.5 Mt in 1950 to ~367 Mt in 2020. Hence, the growing production of plastic is expected to augment the market growth of engineering plastic over the forecast period.
Key features of the study:
- This report provides an in-depth analysis of the global Engineering Plastics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global Engineering Plastics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Arkema Group, Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro, DSM N.V., Dupont, Lanxess, LG Chem., Mitsubishi Engineering-Plastics Corporation, Saudi Basic Industries Corporation (Sabic), Solvay SA, Teijin, Toray, and Victrex Plc.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics.
- The global Engineering Plastics market report caters to various stakeholders in this industry including investors, suppliers, Engineering Plastics manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Engineering Plastics market
Detailed Segmentation:
- Global Engineering Plastics Market, By Product Type:
- Polyamides (PA)
- Polycarbonates (PC)
- Acrylonitrile butadiene styrene (ABS) and Styrene Acrylonitrile (SAN)
- Polyoxymethylene (POM)
- Polybutylene terephthalate (PBT)
- Fluoropolymers
- Polymethyl methacrylate (PMMA)
- High-performance engineering plastics (include LCP, PEEK, PEI, PPO, PES, PSU)
- Others (includes UHMWPE/UHMW, TPI alloys, and blends, etc.)
- Global Engineering Plastics Market, By Application:
- Automotive and Transportation
- Interiors and Safety
- Engine and Mechanical
- Exteriors and Structural
- Others (include fuel systems, electrical and electronics)
- Electrical and Electronics
- Consumer Appliances
- Others (include lighting, optical media, wire and cable, electronic components)
- Electronic Products
- Construction
- Glazing and Sky Lighting
- Pipes and Fittings
- Others (Wall outlets, building bricks)
- Medical
- Diagnostic and Drug Delivery Systems
- Medical Devices
- Others (include surgical instruments, orthopedic implant, and orthopedics)
- Industrial and Machinery
- Packaging
- Others
- Global Engineering Plastics Market, By Region:
- North America
- Latin America
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- Company Profiles
- Arkema Group
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments
- Future Plans
- Asahi Kasei Corporation
- BASF SE
- Celanese Corporation
- Covestro
- DSM N.V.
- Dupont
- Lanxess
- LG Chem.
- Mitsubishi Engineering-Plastics Corporation
- Saudi Basic Industries Corporation (Sabic)
- Solvay SA
- Teijin
- Toray
- Victrex Plc
“*” marked represents similar segmentation in other categories in the respective section
