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Engineering Plastics Market Size, Share & Trends Analysis Report By Type (Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Thermoplastic Polyester, Polyacetal, Fluoropolymer, and Others), By End-User, By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 361 Pages
  • March 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5953636
The Global Engineering Plastics Market size is expected to reach $163.4 billion by 2030, rising at a market growth of 5.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 35,419.9 kilo tonnes, experiencing a growth of 2.9% (2019-2022).

The use of engineering plastics in consumer appliances can lead to products that are more durable, versatile, and cost-effective, ultimately benefiting both manufacturers and consumers. Thus, the Consumer Appliances segment acquired $23,191.3 million in 2022. As disposable incomes rise, consumers are more willing to invest in appliances that offer convenience, efficiency, and improved quality of life.



Ongoing technological advancements in the processing technologies of engineering plastics are expanding their application scope. Significant progress has been made in injection molding, a widely utilized manufacturing process to manufacture plastic parts. Therefore, these technological advancements are propelling the growth of the market.

Additionally, it offers excellent electrical insulation properties, making them highly suitable for various applications in this sector. Components such as connectors, switches, and housings require materials that effectively insulate against electrical current and prevent short circuits. As a result, engineering plastics manufacturers will likely see increased demand for their products in the E&E.

However, the cost disparity arises from several factors inherent to engineering plastics. Firstly, the raw materials used in engineering plastics, such as high-quality polymers and specialized additives, are often more expensive than those used in traditional plastics. This, in turn, slows down the market's growth.

By End-User Analysis

On the basis of End-User, the market is classified into packaging, electrical & electronics, automotive & transportation, consumer appliances, industrial & machinery, and others. The electrical & electronics segment witnessed a promising 19% revenue in the market in 2022. In terms of volume, the electrical & electronics segment would utilize 10,755.2 kilo tonnes of engineering plastics materials by 2030. The unique combination of properties offered by engineering plastics makes them a preferred choice for various applications in the electrical and electronics sector, including connectors, insulators, housings, and components for consumer electronics, industrial equipment, and automotive electronics.



By Type Analysis

Based on type, the market is characterized by polyamide, acrylonitrile butadiene styrene, thermoplastic polyester, polycarbonate, polyacetal, fluoropolymer, and others. The thermoplastic polyester segment procured 11% revenue share in the market in 2022. In terms of volume, the thermoplastic polyester segment would utilize 18,856.8 kilo tonnes of engineering plastics materials by 2030.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment garnered a 40% revenue share in the market in 2022. In terms of volume, the Asia Pacific region would utilize 27,868.6 kilo tonnes of engineering plastics materials by 2030. Some of the largest automotive markets in the world are located in the Asia-Pacific region, such as those in Japan, China, and South Korea.

Recent Strategies Deployed in the Market

  • Jan-2024: BASF SE expanded its business of Engineering Plastics in the USA, Canada, and Mexico. Under this expansion, BASF would provide its high-performance engineering plastic to the customers through the distributors of Bamberger Amco Polymers, M. Holland Company, Nexeo Plastics, and Polimeros Nacionales. In addition to this an advanced range of engineering plastic solutions, of BASF would adjust to fulfill the need of industry demands and environmental considerations.
  • Jan-2024: Celanese Corporation came into collaboration with Biesterfeld, a global distributor of plastics and chemicals. Under this collaboration, both companies would reinforce their product portfolio in the markets. Additionally, the collaboration would enhance the company's presence in Sweden, Denmark, the UK, Ireland, and the Baltic states.
  • Jan-2023: LG Chem Ltd. unveiled LUCON TX5007, a compound material that combines modified polyphenylene ether (mPPE) and polyamide (PA66) alloy with carbon nanotubes (CNTs). Additionally, this product would resist heat, making it suitable for the automotive painting process at 200 °C or above.
  • Feb-2022: Celanese Corporation took over DuPont, an American multinational chemical company. Through this acquisition, Celanese Corporation would strengthen the EM product portfolio by including new polymers, key product technology, industry-renowned brands, and backward integration in critical polymers.
  • Dec-2021: SABIC came into collaboration with Bamberger Polymers, a global distributor of Plastics. Under this collaboration, SABIC would expand its presence in the marketplace through the marketing and distribution network of Bamberger in America.

List of Key Companies Profiled

  • SABIC (Saudi Arabian Oil Co.)
  • Lanxess AG
  • Solvay SA
  • Evonik Industries AG (RAG-Stiftung)
  • Arkema S.A.
  • LG Chem Ltd. (LG Corporation)
  • Bayer AG
  • BASF SE
  • Celanese Corporation
  • DuPont de Nemours, Inc.

Market Report Segmentation

By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Acrylonitrile Butadiene Styrene
  • Polyamide
  • Polycarbonate
  • Thermoplastic Polyester
  • Polyacetal
  • Fluoropolymer
  • Others
By End-User (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Automotive & Transportation
  • Electrical & Electronics
  • Consumer Appliances
  • Industrial & Machinery
  • Packaging
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Engineering Plastics Market, by Type
1.4.2 Global Engineering Plastics Market, by End-User
1.4.3 Global Engineering Plastics Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Engineering Plastics Market
Chapter 5. Global Engineering Plastics Market by Type
5.1 Global Acrylonitrile Butadiene Styrene Market by Region
5.2 Global Polyamide Market by Region
5.3 Global Polycarbonate Market by Region
5.4 Global Thermoplastic Polyester Market by Region
5.5 Global Polyacetal Market by Region
5.6 Global Fluoropolymer Market by Region
5.7 Global Others Market by Region
Chapter 6. Global Engineering Plastics Market by End-User
6.1 Global Automotive & Transportation Market by Region
6.2 Global Electrical & Electronics Market by Region
6.3 Global Consumer Appliances Market by Region
6.4 Global Industrial & Machinery Market by Region
6.5 Global Packaging Market by Region
6.6 Global Others Market by Region
Chapter 7. Global Engineering Plastics Market by Region
7.1 North America Engineering Plastics Market
7.1.1 North America Engineering Plastics Market by Type
7.1.1.1 North America Acrylonitrile Butadiene Styrene Market by Country
7.1.1.2 North America Polyamide Market by Country
7.1.1.3 North America Polycarbonate Market by Country
7.1.1.4 North America Thermoplastic Polyester Market by Country
7.1.1.5 North America Polyacetal Market by Country
7.1.1.6 North America Fluoropolymer Market by Country
7.1.1.7 North America Others Market by Country
7.1.2 North America Engineering Plastics Market by End-User
7.1.2.1 North America Automotive & Transportation Market by Country
7.1.2.2 North America Electrical & Electronics Market by Country
7.1.2.3 North America Consumer Appliances Market by Country
7.1.2.4 North America Industrial & Machinery Market by Country
7.1.2.5 North America Packaging Market by Country
7.1.2.6 North America Others Market by Country
7.1.3 North America Engineering Plastics Market by Country
7.1.3.1 US Engineering Plastics Market
7.1.3.1.1 US Engineering Plastics Market by Type
7.1.3.1.2 US Engineering Plastics Market by End-User
7.1.3.2 Canada Engineering Plastics Market
7.1.3.2.1 Canada Engineering Plastics Market by Type
7.1.3.2.2 Canada Engineering Plastics Market by End-User
7.1.3.3 Mexico Engineering Plastics Market
7.1.3.3.1 Mexico Engineering Plastics Market by Type
7.1.3.3.2 Mexico Engineering Plastics Market by End-User
7.1.3.4 Rest of North America Engineering Plastics Market
7.1.3.4.1 Rest of North America Engineering Plastics Market by Type
7.1.3.4.2 Rest of North America Engineering Plastics Market by End-User
7.2 Europe Engineering Plastics Market
7.2.1 Europe Engineering Plastics Market by Type
7.2.1.1 Europe Acrylonitrile Butadiene Styrene Market by Country
7.2.1.2 Europe Polyamide Market by Country
7.2.1.3 Europe Polycarbonate Market by Country
7.2.1.4 Europe Thermoplastic Polyester Market by Country
7.2.1.5 Europe Polyacetal Market by Country
7.2.1.6 Europe Fluoropolymer Market by Country
7.2.1.7 Europe Others Market by Country
7.2.2 Europe Engineering Plastics Market by End-User
7.2.2.1 Europe Automotive & Transportation Market by Country
7.2.2.2 Europe Electrical & Electronics Market by Country
7.2.2.3 Europe Consumer Appliances Market by Country
7.2.2.4 Europe Industrial & Machinery Market by Country
7.2.2.5 Europe Packaging Market by Country
7.2.2.6 Europe Others Market by Country
7.2.3 Europe Engineering Plastics Market by Country
7.2.3.1 Germany Engineering Plastics Market
7.2.3.1.1 Germany Engineering Plastics Market by Type
7.2.3.1.2 Germany Engineering Plastics Market by End-User
7.2.3.2 UK Engineering Plastics Market
7.2.3.2.1 UK Engineering Plastics Market by Type
7.2.3.2.2 UK Engineering Plastics Market by End-User
7.2.3.3 France Engineering Plastics Market
7.2.3.3.1 France Engineering Plastics Market by Type
7.2.3.3.2 France Engineering Plastics Market by End-User
7.2.3.4 Russia Engineering Plastics Market
7.2.3.4.1 Russia Engineering Plastics Market by Type
7.2.3.4.2 Russia Engineering Plastics Market by End-User
7.2.3.5 Spain Engineering Plastics Market
7.2.3.5.1 Spain Engineering Plastics Market by Type
7.2.3.5.2 Spain Engineering Plastics Market by End-User
7.2.3.6 Italy Engineering Plastics Market
7.2.3.6.1 Italy Engineering Plastics Market by Type
7.2.3.6.2 Italy Engineering Plastics Market by End-User
7.2.3.7 Rest of Europe Engineering Plastics Market
7.2.3.7.1 Rest of Europe Engineering Plastics Market by Type
7.2.3.7.2 Rest of Europe Engineering Plastics Market by End-User
7.3 Asia Pacific Engineering Plastics Market
7.3.1 Asia Pacific Engineering Plastics Market by Type
7.3.1.1 Asia Pacific Acrylonitrile Butadiene Styrene Market by Country
7.3.1.2 Asia Pacific Polyamide Market by Country
7.3.1.3 Asia Pacific Polycarbonate Market by Country
7.3.1.4 Asia Pacific Thermoplastic Polyester Market by Country
7.3.1.5 Asia Pacific Polyacetal Market by Country
7.3.1.6 Asia Pacific Fluoropolymer Market by Country
7.3.1.7 Asia Pacific Others Market by Country
7.3.2 Asia Pacific Engineering Plastics Market by End-User
7.3.2.1 Asia Pacific Automotive & Transportation Market by Country
7.3.2.2 Asia Pacific Electrical & Electronics Market by Country
7.3.2.3 Asia Pacific Consumer Appliances Market by Country
7.3.2.4 Asia Pacific Industrial & Machinery Market by Country
7.3.2.5 Asia Pacific Packaging Market by Country
7.3.2.6 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Engineering Plastics Market by Country
7.3.3.1 China Engineering Plastics Market
7.3.3.1.1 China Engineering Plastics Market by Type
7.3.3.1.2 China Engineering Plastics Market by End-User
7.3.3.2 Japan Engineering Plastics Market
7.3.3.2.1 Japan Engineering Plastics Market by Type
7.3.3.2.2 Japan Engineering Plastics Market by End-User
7.3.3.3 India Engineering Plastics Market
7.3.3.3.1 India Engineering Plastics Market by Type
7.3.3.3.2 India Engineering Plastics Market by End-User
7.3.3.4 South Korea Engineering Plastics Market
7.3.3.4.1 South Korea Engineering Plastics Market by Type
7.3.3.4.2 South Korea Engineering Plastics Market by End-User
7.3.3.5 Singapore Engineering Plastics Market
7.3.3.5.1 Singapore Engineering Plastics Market by Type
7.3.3.5.2 Singapore Engineering Plastics Market by End-User
7.3.3.6 Malaysia Engineering Plastics Market
7.3.3.6.1 Malaysia Engineering Plastics Market by Type
7.3.3.6.2 Malaysia Engineering Plastics Market by End-User
7.3.3.7 Rest of Asia Pacific Engineering Plastics Market
7.3.3.7.1 Rest of Asia Pacific Engineering Plastics Market by Type
7.3.3.7.2 Rest of Asia Pacific Engineering Plastics Market by End-User
7.4 LAMEA Engineering Plastics Market
7.4.1 LAMEA Engineering Plastics Market by Type
7.4.1.1 LAMEA Acrylonitrile Butadiene Styrene Market by Country
7.4.1.2 LAMEA Polyamide Market by Country
7.4.1.3 LAMEA Polycarbonate Market by Country
7.4.1.4 LAMEA Thermoplastic Polyester Market by Country
7.4.1.5 LAMEA Polyacetal Market by Country
7.4.1.6 LAMEA Fluoropolymer Market by Country
7.4.1.7 LAMEA Others Market by Country
7.4.2 LAMEA Engineering Plastics Market by End-User
7.4.2.1 LAMEA Automotive & Transportation Market by Country
7.4.2.2 LAMEA Electrical & Electronics Market by Country
7.4.2.3 LAMEA Consumer Appliances Market by Country
7.4.2.4 LAMEA Industrial & Machinery Market by Country
7.4.2.5 LAMEA Packaging Market by Country
7.4.2.6 LAMEA Others Market by Country
7.4.3 LAMEA Engineering Plastics Market by Country
7.4.3.1 Brazil Engineering Plastics Market
7.4.3.1.1 Brazil Engineering Plastics Market by Type
7.4.3.1.2 Brazil Engineering Plastics Market by End-User
7.4.3.2 Argentina Engineering Plastics Market
7.4.3.2.1 Argentina Engineering Plastics Market by Type
7.4.3.2.2 Argentina Engineering Plastics Market by End-User
7.4.3.3 UAE Engineering Plastics Market
7.4.3.3.1 UAE Engineering Plastics Market by Type
7.4.3.3.2 UAE Engineering Plastics Market by End-User
7.4.3.4 Saudi Arabia Engineering Plastics Market
7.4.3.4.1 Saudi Arabia Engineering Plastics Market by Type
7.4.3.4.2 Saudi Arabia Engineering Plastics Market by End-User
7.4.3.5 South Africa Engineering Plastics Market
7.4.3.5.1 South Africa Engineering Plastics Market by Type
7.4.3.5.2 South Africa Engineering Plastics Market by End-User
7.4.3.6 Nigeria Engineering Plastics Market
7.4.3.6.1 Nigeria Engineering Plastics Market by Type
7.4.3.6.2 Nigeria Engineering Plastics Market by End-User
7.4.3.7 Rest of LAMEA Engineering Plastics Market
7.4.3.7.1 Rest of LAMEA Engineering Plastics Market by Type
7.4.3.7.2 Rest of LAMEA Engineering Plastics Market by End-User
Chapter 8. Company Profiles
8.1 SABIC (Saudi Arabian Oil Company)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Product Launches and Product Expansions:
8.1.5 SWOT Analysis
8.2 Lanxess AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Solvay SA
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 SWOT Analysis
8.4 Evonik Industries AG (RAG-Stiftung)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Arkema S.A.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 LG Chem Ltd. (LG Corporation)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Product Launches and Product Expansions:
8.6.5 SWOT Analysis
8.7 Bayer AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 BASF SE
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Acquisition and Mergers:
8.8.5.2 Geographical Expansions:
8.8.6 SWOT Analysis
8.9 Celanese Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. DuPont de Nemours, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 SWOT Analysis
Chapter 9. Winning Imperatives of Engineering Plastics Market

Companies Mentioned

  • SABIC (Saudi Arabian Oil Co.)
  • Lanxess AG
  • Solvay SA
  • Evonik Industries AG (RAG-Stiftung)
  • Arkema S.A.
  • LG Chem Ltd. (LG Corporation)
  • Bayer AG
  • BASF SE
  • Celanese Corporation
  • DuPont de Nemours, Inc.

Methodology

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