Engineering Plastics Market, By Product Type, By Applications, By Geography

Description

Global engineering plastics market is estimated to be valued at USD 119.32 Bn in 2024 and is expected to reach USD 173.57 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 119.32 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	5.50%	2031 Value Projection:	US$ 173.57 Bn

Figure. Engineering Plastics Market Share (%), By Region 2024

Engineering plastics are synthetic materials that have a combination of desirable properties that allow them to be used in engineering applications. These typically have physically tough characteristics like high strength, hardness, and resistance to heat as compared to commodity plastics. The key types of engineering plastics include polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polyamide (PA), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). These materials are used widely in applications such as automotive components, electrical and electronic devices, consumer goods, industrial machinery, and construction.

Market Dynamics:

Global engineering plastics market growth is driven by increasing consumption of engineering plastics in automotive and electrical & electronics industries. Engineering plastics offer advantages like high heat resistance, durability, and lower weight as compared to metals, and this makes them suitable for applications in automotive components. The exponential growth of the electrical & electronics industry along with miniaturization of devices has boosted demand for engineering plastics. However, volatility in raw material prices can hamper the market growth. Increasing concerns about non-biodegradability of plastics poses a challenge for the market growth. T Rising demand for bio-based and recycled engineering plastics to address sustainability issues can offer market growth opportunities.

Key Features of the Study:

This report provides in-depth analysis of the global engineering plastics market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, 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 highlights, products portfolio, key highlights, financial performance, and strategies.
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, Victrex Plc., Bhansali Engineering Polymers Limited., Chiripal Poly Film., Gujarat Fluorochemicals Limited (GFL), Hindustan Fluorocarbons Limited., INEOS.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global engineering plastics market report caters to various stakeholders in this industry including investors, suppliers, product 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-

By Product Type:
- Polyamides (PA)
- Polycarbonates (PC)
- Acrylonitrile butadiene styrene (ABS)
- Styrene Acrylonitrile (SAN)
- Polyoxymethylene (POM)
- Polybutylene terephthalate (PBT)
- Fluoropolymers
- Others
By Applications:
- 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)
- 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
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- 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
- Victrex Plc.
- Bhansali Engineering Polymers Limited.
- Chiripal Poly Film.
- Gujarat Fluorochemicals Limited (GFL)
- Hindustan Fluorocarbons Limited.
- INEOS

Product Code: CMI2162

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Applications
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Industry Trend
Mergers and Acquisitions

4. Global Engineering Plastics Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Engineering Plastics Market
Impact Analysis

5. Global Engineering Plastics Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Polyamides (PA)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Polycarbonates (PC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Acrylonitrile butadiene styrene (ABS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Styrene Acrylonitrile (SAN)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Polyoxymethylene (POM)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Polybutylene terephthalate (PBT)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Fluoropolymers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Engineering Plastics Market, By Applications, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Automotive and Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Sub Segment Trends
Interiors and Safety
Engine and Mechanical
Exteriors and Structural
Others (include fuel systems, electrical and electronics)
Electrical and Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Sub Segment Trends
Consumer Appliances
Others (include lighting, optical media, wire and cable, electronic components)
Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Sub Segment Trends
Glazing and Sky Lighting
Pipes and Fittings
Others (Wall outlets, building bricks)
Medical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Sub Segment Trends
Diagnostic and Drug Delivery Systems
Medical Devices
Others (include surgical instruments, orthopedic implant, and orthopedics)
Industrial and Machinery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Engineering Plastics Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
  - Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
  - Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
  - Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Applications, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
  - Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Applications, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Arkema Group
  - Company Overview
  - Product Portfolio
  - Recent Developments/Updates
- 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.
- Bhansali Engineering Polymers Limited.
- Chiripal Poly Film.
- Gujarat Fluorochemicals Limited (GFL)
- Hindustan Fluorocarbons Limited.
- INEOS

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
- Browse 25 market data tables* and 20 figures* on "Global Engineering Plastics Market" - Global forecast to 2031.