Engineering Plastics Market, Size, Share, Forecast Report 2030

Global Annual Engineering Plastics Production Exceeds 25 MT

Engineering plastics account for more than 10% of total plastics demand worldwide as they demonstrate an exceptional performance, and mechanical properties when compared to other popular commodity plastics such as polyvinyl chloride (PVC), polystyrene, polyethylene, and polypropylene. Superior heat resistance, chemical resistance, fire retardancy, and impact resistance are expected to position engineering plastics as an ideal material for a wealth of engineering applications, thereby pushing the performance of engineering plastics market. Every year more than 25 MT engineering plastics are produced across the globe. Engineering plastics are used in variety of industries, including building and construction, automotive, electrical and electronics, consumer goods, packaging, medical, and industrial goods. Automotive was the largest consumer industry of engineering plastics in 2018.

Automotive Industry Remains at the Forefront of Demand Generation, Electronics Industry Follows

Demand growth in automotive industry is primarily driven owing to the rising trend of lightweight, and fuel-efficient cars. Fuel efficiency has become an integral part in car designing due to the stringent environmental regulations, rising fuel costs, and rapid e-mobility journey firming up worldwide. Engineering plastics present an ideal material for lightweight cars, replacing metal and glass in various interior and exterior applications. Electrical and electronics are also one of the major consumers of engineering plastics. Engineering plastics offer freedom in product design and possess the ability to match design and functional complexities in electronic devices. They also add durability, thermal and electrical insulation, and impact resistance to end products.

In terms of demand and production, Asia Pacific region was the leading region in 2018 with China occupying the lion’s share. Automotive, and electronics industries in China are expanding at a rapid pace owing to the shift towards lighter, and durable materials, thus providing ample opportunity for strong market growth. Europe, and North America are also likely to exhibit steadfast growth especially due to stringent government regulations regarding greenhouse gas emissions, and persuasion for developing lightweight materials for automotive industry.

Engineering Plastics Market Benefits from a Shift Toward Lightweight, and Durable Materials

Introduction of effective metal alternatives continues to progress in various end-use industries, which will continue to thrust the growth of engineering plastics market. New technological advancements, and material innovations will further allow engineering plastics to explore new application areas. A strong rebound of construction industry across developed economies is likely to bode well for engineering plastics market. Soaring adoption for application in skylights, window glazing, and roofing systems of non-residential buildings is expected to drive the demand for engineering plastics further. ABS, polycarbonate, and polyamides will continue to be the most sought-after product categories in engineering plastics market, which collectively accounted for more than 65% of the global demand recorded in 2018.

There is also a growing trend of shift from traditional materials such as glass, and metal towards engineering plastics to be used in medical devices. Engineering plastics can compete their metal counterparts when it comes to strength, and gives them an added advantage of being lightweight, cheaper in price, and flexible. Manufacturers are also looking for alternative materials like engineering polymers to reduce expenses with elements like payment reforms, medical device taxes, and globalisation bringing them down.

Low Recycling Rates Could Play a Spoilsport

Recycling remains one of the major challenges facing the otherwise flourishing engineering plastics market. Plastic recycling rates are also remarkably low across all the regions, thus generating even larger waste volumes that are either incinerated or landfilled. Governing authorities across developed economies are developing new business models, and processes to recycle this waste. Europe is leading the way for recycled materials with policies in favour of adoption of circular economy, and technological advancements in recycling process. Increasing global focus on clean technologies, and e-mobility elements like electric vehicles will however take a toll on the demand for a few engineering polymers, especially those employed in under the hood applications. Advanced composites can compete with engineering plastics and thus might scupper the growth of engineering plastics market across certain areas of applications.

Strategic Focus Continues to be on Capacity Expansion, and New Product Developments

Capacity expansion and product innovation has key to gain advantage in the competitive market. Some of the most prominent companies in engineering plastics market such as BASF, Celanese, Covestro, SABIC, Domo, and DSM have expanded their production capacities in the recent past to meet the incessantly growing demand from key end-use industries, including automotive, electronics, and building and construction. Furthermore, companies at the forefront in engineering plastics market space are also focusing on production, and logistics digitalisation to mitigate inefficiencies, and environmental impact. Manufacturers have been majorly relying on strategic M&A, and joint ventures to strengthen their regional foothold.

Recent Notable Developments

In 2019, DSM acquired SRF’s engineering plastic business to gain a competitive advantage in the Indian market. With this acquisition, the former saved capacity expenditure, as well as acquired consumer base in India’s automotive, and electronics markets
In 2020, BASF SE also acquired Solvay’s polyamide business to strengthen its position and integration across the value chain

Regional Classification of the Global Engineering Plastics Market is Listed Below:

North America

U.S.
Canada

Europe

Germany
France
Spain
U.K.
Italy
Russia
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of Middle East & Africa

*Regions and countries are subject to change based on data availability.

Key Elements Included In The Study: Global Engineering Plastics Market

Engineering Plastics Market by Product/Technology/Grade, Application/End-user, and Region
Executive Summary (Opportunity Analysis and Key Trends)
Historical Market Size and Estimates, Value and Volume, 2019 - 2022
Volume Consumption at Regional and Country Level, 2023 - 2030
Market Dynamics and Economic Overview
Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
Regional and Product/Grade/Application/End-user Price Trends Analysis
Production Output Analysis (Major Producing Regions)
Value Chain and Five Force’s Analysis
Regional/Sub-region/Country Market Size and Trend Analysis
Company Market Share Analysis and Key Player Profiles

Post Sale Support, Research Updates & Offerings

We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.

The report will be prepared in a PPT format and will be delivered in a PDF format.

Additionally, Market Estimation and Forecast numbers will be shared in Excel Workbook.

If a report being sold was published over a year ago, we will offer a complimentary copy of the updated research report along with Market Estimation and Forecast numbers within 2-3 weeks’ time of the sale.

If we update this research study within the next 2 quarters, post purchase of the report, we will offer a Complimentary copy of the updated Market Estimation and Forecast numbers in Excel Workbook.

If there is a geopolitical conflict, pandemic, recession, and the like which can impact global economic scenario and business activity, which might entirely alter the market dynamics or future projections in the industry, we will create a Research Update upon your request at a nominal charge.

1. Executive Summary
1.1. Global Engineering Plastics Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver 1
  2.2.1.2. Driver 2
  2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
  2.5.1. Supply
  2.5.2. Demand
2.6. Russia-Ukraine and Energy Crisis
2.7. Raw Material Analysis
2.8. Upcoming Projects
2.9. Economic Analysis
2.10. Key Product Development and Market Trends
2.11. PESTLE Analysis

3. Production Output and Trade Statistics, 2019 - 2022
3.1. Supply-Demand Analysis
3.2. Regional Statistics
  3.2.1. North America
  3.2.2. Europe
  3.2.3. Asia Pacific
  3.2.3.1. China
  3.2.4. Rest of the World

4. Price Trends Analysis and Future Projects, 2019 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting the Market Prices
4.3. By Resin
4.4. By Region

5. Global Engineering Plastics Market Outlook, 2019 - 2030
5.1. Global Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  5.1.1. Key Highlights
  5.1.1.1. Polycarbonate (PC)
  5.1.1.2. Styrene Copolymers (ABS and SAN)
  5.1.1.3. Polyamides (PA)
  5.1.1.4. Polymethyl Methacrylate (PMMA)
  5.1.1.5. Fluoropolymers
  5.1.1.6. Polyether Ether Ketone (PEEK)
  5.1.1.7. Polyoxymethylene (POM)
  5.1.1.8. Misc.
  5.1.2. BPS Analysis/Market Attractiveness Analysis
5.2. Global Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  5.2.1. Key Highlights
  5.2.1.1. Automotive
5.2.1.1.1. Conventional Vehicles
5.2.1.1.2. Electric Vehicles
  5.2.1.2. Electrical & Electronics
  5.2.1.3. Consumer Durables
  5.2.1.4. Building & Construction
  5.2.1.5. Packaging
  5.2.1.6. Healthcare
  5.2.1.7. Aerospace
  5.2.1.8. Misc. (Industrial, etc.)
  5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Global Engineering Plastics Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  5.3.1. Key Highlights
  5.3.1.1. North America
  5.3.1.2. Europe
  5.3.1.3. Asia Pacific
  5.3.1.4. Latin America
  5.3.1.5. Middle East & Africa
  5.3.2. BPS Analysis/Market Attractiveness Analysis

6. North America Engineering Plastics Market Outlook, 2019 - 2030
6.1. North America Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  6.1.1. Key Highlights
  6.1.1.1. Polycarbonate (PC)
  6.1.1.2. Styrene Copolymers (ABS and SAN)
  6.1.1.3. Polyamides (PA)
  6.1.1.4. Polymethyl Methacrylate (PMMA)
  6.1.1.5. Fluoropolymers
  6.1.1.6. Polyether Ether Ketone (PEEK)
  6.1.1.7. Polyoxymethylene (POM)
  6.1.1.8. Misc.
  6.1.2. BPS Analysis/Market Attractiveness Analysis
6.2. North America Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  6.2.1. Key Highlights
  6.2.1.1. Automotive
6.2.1.1.1. Conventional Vehicles
6.2.1.1.2. Electric Vehicles
  6.2.1.2. Electrical & Electronics
  6.2.1.3. Consumer Durables
  6.2.1.4. Building & Construction
  6.2.1.5. Packaging
  6.2.1.6. Healthcare
  6.2.1.7. Aerospace
  6.2.1.8. Misc. (Industrial, etc.)
  6.2.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Engineering Plastics Market Outlook, 2019 - 2030
7.1. Europe Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  7.1.1. Key Highlights
  7.1.1.1. Polycarbonate (PC)
  7.1.1.2. Styrene Copolymers (ABS and SAN)
  7.1.1.3. Polyamides (PA)
  7.1.1.4. Polymethyl Methacrylate (PMMA)
  7.1.1.5. Fluoropolymers
  7.1.1.6. Polyether Ether Ketone (PEEK)
  7.1.1.7. Polyoxymethylene (POM)
  7.1.1.8. Misc.
  7.1.2. BPS Analysis/Market Attractiveness Analysis
7.2. Europe Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  7.2.1. Key Highlights
  7.2.1.1. Automotive
7.2.1.1.1. Conventional Vehicles
7.2.1.1.2. Electric Vehicles
  7.2.1.2. Electrical & Electronics
  7.2.1.3. Consumer Durables
  7.2.1.4. Building & Construction
  7.2.1.5. Packaging
  7.2.1.6. Healthcare
  7.2.1.7. Aerospace
  7.2.1.8. Misc. (Industrial, etc.)
  7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Engineering Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  7.3.1. Key Highlights
  7.3.1.1. Germany
  7.3.1.2. France
  7.3.1.3. U.K.
  7.3.1.4. Italy
  7.3.1.5. Spain
  7.3.1.6. Turkey
  7.3.1.7. Russia
  7.3.1.8. Rest of Europe
  7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Engineering Plastics Market Outlook, 2019 - 2030
8.1. Asia Pacific Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  8.1.1. Key Highlights
  8.1.1.1. Polycarbonate (PC)
  8.1.1.2. Styrene Copolymers (ABS and SAN)
  8.1.1.3. Polyamides (PA)
  8.1.1.4. Polymethyl Methacrylate (PMMA)
  8.1.1.5. Fluoropolymers
  8.1.1.6. Polyether Ether Ketone (PEEK)
  8.1.1.7. Polyoxymethylene (POM)
  8.1.1.8. Misc.
  8.1.2. BPS Analysis/Market Attractiveness Analysis
8.2. Asia Pacific Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  8.2.1. Key Highlights
  8.2.1.1. Automotive
8.2.1.1.1. Conventional Vehicles
8.2.1.1.2. Electric Vehicles
  8.2.1.2. Electrical & Electronics
  8.2.1.3. Consumer Durables
  8.2.1.4. Building & Construction
  8.2.1.5. Packaging
  8.2.1.6. Healthcare
  8.2.1.7. Aerospace
  8.2.1.8. Misc. (Industrial, etc.)
  8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Engineering Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
      8.3.1. Key Highlights
  8.3.1.1. China
  8.3.1.2. Japan
  8.3.1.3. South Korea
  8.3.1.4. India
  8.3.1.5. Southeast Asia
  8.3.1.6. Rest of Asia Pacific
  8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Engineering Plastics Market Outlook, 2019 - 2030
9.1. Latin America Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  9.1.1. Key Highlights
  9.1.1.1. Polycarbonate (PC)
  9.1.1.2. Styrene Copolymers (ABS and SAN)
  9.1.1.3. Polyamides (PA)
  9.1.1.4. Polymethyl Methacrylate (PMMA)
  9.1.1.5. Fluoropolymers
  9.1.1.6. Polyether Ether Ketone (PEEK)
  9.1.1.7. Polyoxymethylene (POM)
  9.1.1.8. Misc.
  9.1.2. BPS Analysis/Market Attractiveness Analysis
9.2. Latin America Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  9.2.1. Key Highlights
  9.2.1.1. Automotive
9.2.1.1.1. Conventional Vehicles
9.2.1.1.2. Electric Vehicles
  9.2.1.2. Electrical & Electronics
  9.2.1.3. Consumer Durables
  9.2.1.4. Building & Construction
  9.2.1.5. Packaging
  9.2.1.6. Healthcare
  9.2.1.7. Aerospace
  9.2.1.8. Misc. (Industrial, etc.)
  9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Engineering Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  9.3.1. Key Highlights
  9.3.1.1. Brazil
  9.3.1.2. Mexico
  9.3.1.3. Rest of Latin America
  9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Engineering Plastics Market Outlook, 2019 - 2030
10.1. Middle East & Africa Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  10.1.1. Key Highlights
  10.1.1.1. Polycarbonate (PC)
  10.1.1.2. Styrene Copolymers (ABS and SAN)
  10.1.1.3. Polyamides (PA)
  10.1.1.4. Polymethyl Methacrylate (PMMA)
  10.1.1.5. Fluoropolymers
  10.1.1.6. Polyether Ether Ketone (PEEK)
  10.1.1.7. Polyoxymethylene (POM)
  10.1.1.8. Misc.
  10.1.2. BPS Analysis/Market Attractiveness Analysis
10.2. Middle East & Africa Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  10.2.1. Key Highlights
  10.2.1.1. Automotive
10.2.1.1.1. Conventional Vehicles
10.2.1.1.2. Electric Vehicles
  10.2.1.2. Electrical & Electronics
  10.2.1.3. Consumer Durables
  10.2.1.4. Building & Construction
  10.2.1.5. Packaging
  10.2.1.6. Healthcare
  10.2.1.7. Aerospace
  10.2.1.8. Misc. (Industrial, etc.)
  10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Engineering Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
  10.3.1. Key Highlights
  10.3.1.1. GCC
  10.3.1.2. South Africa
  10.3.1.3. Egypt
  10.3.1.4. Rest of Middle East & Africa
  10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
11.1. Company Market Share Analysis, 2022
11.2. Market Structure
11.3. Product vs Application Heatmap
11.4. Company Profiles
  11.4.1. BASF SE
  11.4.1.1. Company Overview
  11.4.1.2. Product Portfolio
  11.4.1.3. Financial Overview
  11.4.1.4. Business Strategies and Development
  11.4.2. SABIC
  11.4.3. INEOS
  11.4.4. SCG
  11.4.5. BASF SE
  11.4.6. Covestro AG
  11.4.7. Celanese
  11.4.8. Avient Corporation
  11.4.9. Evonik Industries AG
  11.4.10. Solvay S.A.
  11.4.11. DSM
  11.4.12. Borealis AG
  11.4.13. LyondellBasell Industries N.V.
  11.4.14. Lanxess
  11.4.15. LG Chem
  11.4.16. PolyOne

12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Engineering Plastics Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Request Sample

Latest Reports

Our Research Methodology