Global Engineering Plastics Market By Overview
Introduction:
Engineering plastics is group of the plastics having better mechanical as well as thermal properties over the traditional plastic materials. Engineering plastics are thermoplastics with the excellent specified properties and are available in the various forms. For instance, motorcycle helmets are primarily manufactured by using polycarbonates engineering plastic owing to its properties of highly resistant to impact and thud. Increasing use of the engineering plastics by industries in order to replace conventional materials such as metals, glass, and alloys by it across the globe is major factors expected to drive growth of the global engineering plastics market, in the near future. However, stringent environment regulation associated with CO2 emissions, coupled with changing crude oil prices are major factors expected to hamper growth of the global engineering plastics market over the forecast period. The Global Engineering Plastics Market accounted for US$ 89.95 billion in 2020 and is estimated to be US$ 161.93 billion by 2030 and is anticipated to register a CAGR of 6.1%.
Global Engineering Plastics Market By Dynamics
Revolutionizing automotive sector
The rapidly revolutionizing automotive sector with a growing trend for lightweight vehicles, and efforts to match up with the 'light-weighting' trend is the factor boosting the demand for engineering plastics in several automotive parts. Additionally, rising demand for connected vehicles and growing awareness to reduce the vehicular emissions are driving the target market growth various end-use industry.
Rise in acceptance and demand from construction
Additionally the rising acceptance and demand from construction for engendering plastic owing to its versatility, strength-to-weight ratio, durability, corrosion resistance, and so on. Also, they have a wide range of end-use industry in the construction industry such as into pipes, cables, coverings, panels, films, sheets and so on, such factor propel the growth for the target market. However, the high competition from other polymers and material such factor hamper market growth. Furthermore, the rising demand for engineering plastic and research and development aim to identify new end-use industry in emerging provide an excellent opportunity for the engineering plastics market.
Global Engineering Plastics Market By Segmentation
The global Engineering Plastics market is segmented based on By Type, by End-use Industry, and region.
By Type, the global Engineering Plastics market is classified into Polycarbonate, Polyamide, ABS, PET & PBT, POM, Fluoropolymers. By End-use industry, the global Engineering Plastics market is classified automotive & transport, electrical & electronics, industrial & machinery, packaging, consumer appliances. Automotive & transportation is expected to dominate the market segment Owing to increased awareness for reducing vehicle weight and improving fuel efficiency. Numerous End-use industry in this end-user sector such factor drives the growth for the target market segment.
Regional Insights:
For detailed understanding of market dynamics, the Global Engineering Plastics Market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. By region, Asia Pacific is expected to show the highest CAGR over the forecast period. Due to the increasing demand from countries such as China, Japan, and India. Due to the growth in the automotive and electrical & electronics industries. For instance, according to IBEF org India Is the fourth-largest auto market in 2018 with sales growing 8.3 per cent year-on-year to 3.99 million units. Additionally, India was the seventh-largest manufacturer of commercial vehicles in 2018. Additionally the growing demand from other industry such as semiconductor manufacturing, and consumer appliances which boost the growth for the target market in the region. The markets in North America and Europe are expected to register high growth rate, owing to the presence of key players in the countries of the region such as E. I. du Pont de Nemours and Company, BASF SE, and Evonik Industries AG, coupled with their initiatives in order to expand business to gain high revenue in the region, over the forecast period.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Type- Ultra High Molecular Weight Polyethylene, Acrylonitrile Butadiene Styrene, Fluoropolymers, Polybutylene Terephthalate, Polymethyl Methacrylate, Polyethylene Terephthalate, Polyamide, Polycarbonate, Polyoxymethylene, Liquid Crystal Polymers, Polyimides, Polyether Ether Ketone, Polyphenylene Oxide, and Others By End-User- Automotive and Transportation, Construction, Consumer Goods, Electrical and Electronics, Industrial and Machinery, Packaging, and Medical |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Detailed Segmentation:
Global Engineering Plastics Market, By Type:
- Polycarbonate
- Polyamide
- ABS
- PET & PBT
- POM
- Fluoropolymers
Global Engineering Plastics Market, By End-use industry:
- Automotive & Transport
- Electrical & Electronics
- Industrial & Machinery
- Packaging
- Consumer Appliances
Global Engineering Plastics Market, By Region:
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- North America
- North America Engineering Plastics Market, By Type
- North America Engineering Plastics Market, By End-use industry
- North America Engineering Plastics Market, By Country
- U.S.
- Canada
- Europe
- Europe Engineering Plastics Market, By Type
- Europe Engineering Plastics Market, By End-use industry
- Europe Engineering Plastics Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Asia Pacific Engineering Plastics Market, By Type
- Asia Pacific Engineering Plastics Market, By End-use industry
- Asia Pacific Engineering Plastics Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Latin America Engineering Plastics Market, By Type
- Latin America Engineering Plastics Market, By End-use industry
- Latin America Engineering Plastics Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Middle East & Africa Engineering Plastics Market, By Type
- Middle East & Africa Engineering Plastics Market, By End-use industry
- Middle East & Africa Engineering Plastics Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
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Global Engineering Plastics Market By Key Players
Some of the prominent players operating in the Global Engineering Plastics Market include The key players operating the global engineering plastics market includes A. Schulman Inc., AdvanSix Inc., Arkema Group, Asahi Kasei Corporation, BASF SE, Celanese Corporation, Chi Mei Corporation, Covestro AG, Daicel Corporation, and DuPont de Nemours, Inc. The key players in the market are focusing on merger and acquisition strategy. For example, In August 2018 LyondellBasell (one of the major plastics, chemicals and refining companies in the world) Completes Acquisition of A. Schulman, Inc. (a leading global supplier of high-performance plastic compounds, composites and powders.)E. I. du Pont de Nemours and Company, BASF SE, Solvay S.A., Saudi Basic Industries Corporation, Mitsubishi Engineering-Plastics Corporation, Covestro AG, Lanxess AG, Evonik Industries AG, Celanese Corporation, and others.
Global Engineering Plastics Market By Company Profile
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- ABB Limited
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- A. Schulman Inc.
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AdvanSix Inc.
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Arkema Group
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Asahi Kasei Corporation
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BASF SE
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Celanese Corporation
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chi Mei Corporation
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Covestro AG
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Daicel Corporation
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- DuPont de Nemours, Inc
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ABB Limited
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Global Engineering Plastics Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Engineering Plastics Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Engineering Plastics Market, By Product Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Ultra High Molecular Weight Polyethylene
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Acrylonitrile Butadiene Styrene
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Fluoropolymers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Polybutylene Terephthalate
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Polymethyl Methacrylate
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Liquid Crystal Polymers
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Polyimides
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Polyether Ether Ketone
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Polyphenylene Oxides
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Engineering Plastics Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Automotive and Transportation
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Construction
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Consumer Goods
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Electricals & Electronics
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Industrial & Machinery
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Packaging
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Medical
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Engineering Plastics Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
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- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- ABB Limited
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- A. Schulman Inc.
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AdvanSix Inc.
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Arkema Group
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Asahi Kasei Corporation
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BASF SE
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Celanese Corporation
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chi Mei Corporation
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Covestro AG
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Daicel Corporation
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- DuPont de Nemours, Inc
- Company Overview
- End-use industry Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ABB Limited
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global Engineering Plastics market is segmented based on By Type, by End-use Industry, and region.
The rapidly revolutionizing automotive sector with a growing trend for lightweight vehicles, and efforts to match up with the 'light-weighting' trend is the factor boosting the demand for engineering plastics in several automotive parts.
Asia-Pacific region dominates the Global Engineering Plastics Market and is expected to continue its dominance over the forecast period.
Some of the prominent players operating in the Global Engineering Plastics Market include The key players operating the global engineering plastics market includes A. Schulman Inc., AdvanSix Inc., Arkema Group, Asahi Kasei Corporation, BASF SE, Celanese Corporation, Chi Mei Corporation, Covestro AG, Daicel Corporation, and DuPont de Nemours, Inc.