Global Engineering Plastics Market Size Study by Type, by End-use Industry, and Regional Forecasts 2022-2032

Description

The Global Engineering Plastics Market is valued at approximately USD 113.2 billion in 2023 and is projected to expand at a steady CAGR of 5.60% during the forecast period from 2024 to 2032. Engineering plastics, characterized by their superior mechanical, thermal, and chemical properties, are replacing traditional materials such as metals and ceramics in a variety of industries. These advanced polymers provide exceptional durability, lightweight properties, and resistance to wear, making them indispensable in automotive, electronics, and industrial applications.

The market's upward trajectory is driven by the growing demand for lightweight automotive components aimed at improving fuel efficiency and reducing emissions. Additionally, the burgeoning electrical and electronics sector benefits from the thermal stability and flame-retardant properties of engineering plastics. Innovations in polymer chemistry and processing techniques have further bolstered their versatility and performance. However, high production costs and challenges related to recyclability remain critical constraints for the market's growth.

North America and Europe currently dominate the engineering plastics market, owing to their robust automotive and industrial bases, stringent environmental regulations, and a focus on technological advancements. Meanwhile, the Asia Pacific region is witnessing the fastest growth, supported by rapid industrialization, expanding automotive production, and increasing consumer electronics demand in countries like China, India, and South Korea. Latin America and the Middle East & Africa, though at an earlier stage of adoption, present lucrative opportunities as awareness and infrastructural development progress.

Leading players in the Global Engineering Plastics Market are emphasizing strategic partnerships, mergers, and acquisitions to enhance their market share. The focus on research and development to produce sustainable and high-performance materials is shaping the competitive landscape. Companies are also exploring recycling initiatives and bio-based alternatives to align with global sustainability goals.

Major market players included in this report are:

SABIC
BASF SE
Covestro AG
Solvay SA
Arkema SA
Evonik Industries AG
Celanese Corporation
DSM Engineering Materials
LANXESS AG
Mitsubishi Chemical Corporation
Toray Industries Inc.
Asahi Kasei Corporation
Teijin Limited
Radici Group
LG Chem

The detailed segments and sub-segments of the market are explained below:

By Type:

Polycarbonate
Polyamide
ABS
PET & PBT
POM
Fluoropolymer

By End-use Industry:

Automotive & Transport
Electrical & Electronics
Industrial & Machinery
Packaging

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape, including country-level insights.
Competitive landscape analysis with information on major players.
Insights into key business strategies and recommendations for future market approaches.
Comprehensive demand-side and supply-side analysis of the market.

Chapter 1. Global Engineering Plastics Market Executive Summary

1.1. Global Engineering Plastics Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By End-use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Engineering Plastics Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Engineering Plastics Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Demand for Lightweight Automotive Components
- 3.1.2. Expansion of Electrical & Electronics Sector
- 3.1.3. Innovations in Polymer Chemistry and Processing Techniques
3.2. Market Challenges
- 3.2.1. High Production Costs
- 3.2.2. Challenges Related to Recyclability
3.3. Market Opportunities
- 3.3.1. Expansion into Emerging Markets
- 3.3.2. Development of Sustainable and High-Performance Materials
- 3.3.3. Strategic Partnerships and Acquisitions

Chapter 4. Global Engineering Plastics Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Engineering Plastics Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Engineering Plastics Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Polycarbonate
- 5.2.2. Polyamide
- 5.2.3. ABS
- 5.2.4. PET & PBT
- 5.2.5. POM
- 5.2.6. Fluoropolymer

Chapter 6. Global Engineering Plastics Market Size & Forecasts by End-use Industry 2022-2032

6.1. Segment Dashboard
6.2. Global Engineering Plastics Market: End-use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Automotive & Transport
- 6.2.2. Electrical & Electronics
- 6.2.3. Industrial & Machinery
- 6.2.4. Packaging

Chapter 7. Global Engineering Plastics Market Size & Forecasts by Region 2022-2032

7.1. North America Engineering Plastics Market
- 7.1.1. U.S. Engineering Plastics Market
  - 7.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. End-use Industry Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Engineering Plastics Market
7.2. Europe Engineering Plastics Market
- 7.2.1. U.K. Engineering Plastics Market
- 7.2.2. Germany Engineering Plastics Market
- 7.2.3. France Engineering Plastics Market
- 7.2.4. Spain Engineering Plastics Market
- 7.2.5. Italy Engineering Plastics Market
- 7.2.6. Rest of Europe Engineering Plastics Market
7.3. Asia-Pacific Engineering Plastics Market
- 7.3.1. China Engineering Plastics Market
- 7.3.2. India Engineering Plastics Market
- 7.3.3. Japan Engineering Plastics Market
- 7.3.4. Australia Engineering Plastics Market
- 7.3.5. South Korea Engineering Plastics Market
- 7.3.6. Rest of Asia Pacific Engineering Plastics Market
7.4. Latin America Engineering Plastics Market
- 7.4.1. Brazil Engineering Plastics Market
- 7.4.2. Mexico Engineering Plastics Market
- 7.4.3. Rest of Latin America Engineering Plastics Market
7.5. Middle East & Africa Engineering Plastics Market
- 7.5.1. Saudi Arabia Engineering Plastics Market
- 7.5.2. South Africa Engineering Plastics Market
- 7.5.3. Rest of Middle East & Africa Engineering Plastics Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. SABIC
- 8.1.2. BASF SE
- 8.1.3. Covestro AG
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. SABIC
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. BASF SE
- 8.3.3. Covestro AG
- 8.3.4. Solvay SA
- 8.3.5. Arkema SA
- 8.3.6. Evonik Industries AG
- 8.3.7. Celanese Corporation
- 8.3.8. DSM Engineering Materials
- 8.3.9. LANXESS AG
- 8.3.10. Mitsubishi Chemical Corporation
- 8.3.11. Toray Industries Inc.
- 8.3.12. Asahi Kasei Corporation
- 8.3.13. Teijin Limited
- 8.3.14. Radici Group
- 8.3.15. LG Chem

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes