Home / Advanced Materials / Engineering Plastics Market By Plastic Type (Acrylonitrile Butadiene Styrene (ABS), Polyamides, Thermoplastic Polyesters, Polycarbonates, Polyacetals, Fluoropolymers, Others), By End-use (Automotive, Electrical & Electronics, Packaging, Consumer appliances, Constructions, Medical, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 - 2027

Engineering Plastics Market By Plastic Type (Acrylonitrile Butadiene Styrene (ABS), Polyamides, Thermoplastic Polyesters, Polycarbonates, Polyacetals, Fluoropolymers, Others), By End-use (Automotive, Electrical & Electronics, Packaging, Consumer appliances, Constructions, Medical, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 - 2027

Published: Feb 2020 | Report Code: 60198-02-20

Key Market Insights

"Superior properties of engineering plastics promoting the global market"

The growing use of engineering plastics in industrial applications anticipated to grow the global engineering plastic market during the forecast period. The growing trend of light-weight vehicles in the automotive industry for reducing the stress on the vehicle to improve fuel efficiency and for reducing carbon-emission, engineering plastics are widely used by automotive manufacturers. Moreover, increasing the use of engineering plastic in the end-use segments such as electrical & electronics, packaging, and building & construction is further advancing its demand in the global market. 

Engineering plastic offers excellent machinability, dimensional stability, and good chemical and wear resistance. Due to these superior properties, engineering plastic is replacing conventional metal such as aluminium, steel, and a material like wood, ceramics, etc. in many industrial applications such as 3D printing and aerospace, etc. In addition, government-sponsored schemes such as a sustainable goal of the UN and strict regulations against vehicle pollution control has further pushed the automotive industry to invest in R&D of an advanced material segment that will lower the vehicle weight and reduces the emission. 

On the other hand, the global engineering plastic market is being adversely affected by the high cost of material and increasing competition from other polymers. Overall, the global engineering plastic market was US$ 80.46 Bn in 2018 and expected to reach US$ 142.99 Bn by 2027, growing at a CAGR of 6.7% from 2019 to 2027.

Market Snapshot

Engineering Plastics Market

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End-use Segment Analysis

"Automotive segment accounted for the fastest growth rate"

The automotive and transportation industry estimated to be the largest segment during the forecast period. Increasing research on lowering the weight of the vehicle to reduce fuel consumption, manufacturers are increasingly adopting engineering plastics in vehicle production. Further, with the increasing adoption of electric cars and government regulations on reducing automotive pollution, there is a high demand for engineering plastics from automobile manufacturers. Apart from the automotive, the electrical & electronics and packaging industry has a high demand for engineering plastics. This has further added to the growing market of engineering plastics.

Moreover, market players are targeting the automotive industry players by showcasing a portfolio that best suited for the automotive industry. For instance, in October 2019, Celanese Corporation, a global specialty material company provided the broadest portfolio of polymers having more efficient, automated, lighter, and better design freedom to OEMs that will help them to secure a competitive edge in the market. 

Engineering Plastics Market

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Regional Analysis

"Asia Pacific market dominating the world market"

The Asia Pacific is dominating the global engineering plastics market in 2018. The growing automotive industry due to the rising demand for vehicles and the emergence of electric vehicle manufacturers in the region is driving the demand of engineering plastics. In the Asia Pacific, China has a major share of the market due to its strong demand for electric vehicles and its largest automotive manufacturing hub of the world. Additionally, India, Japan, and other Asian countries also contributing to the growth of the regional market due to its growing automotive and electronics sector. Overall, the Asia Pacific estimated to be the most attractive to the region for investment and is the fastest-growing region during the forecast period. 

Engineering Plastics Market

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"Emerging partnership trend is keeping the market competitive"

The overall engineering plastic market is fragmented and market players are focusing on new product launch and acquisition of other players to boost their market position. Some of the leading global players included in the reports are BASF SE (Germany), Mitsubishi Engineering Plastics (Japan), DuPont (U.S.), LG Chem (South Korea).

List of Companies Covered:

  • BASF SE
  • Covestro AG
  • Solvay
  • Celanese Corporation
  • DuPont
  • LG Chem
  • SABIC
  • Evonik Industries
  • Lanxess
  • Mitsubishi Engineering-Plastics Corporation
  • and among others 

Key Industry Development:

  • In February 2020, Solvay, a Belgium company introduced Xencor™ LFT compounds that offer high strength and enhanced impact resistance for applications in the medical field. This new compound provides offers healthcare designers and OEMs better opportunities to replace currently used metals and short fibre thermoplastics (LFT) used in structural medical components such as chassis, gear systems and components that require high mechanical properties and load-bearing capability. With the launch of this new compound, the company is expecting to improve their market share of advanced material in the medical industry. 
  • In December 2019, Solvay signed an agreement with Safran for supplying high-performance Halar® ECTFE film. The film will be used as a protective layer on the aircraft engine acoustic ring panel. With this collaboration, Solvay is expected to increase its share in the aerospace material segment. 
  • In February 2020, BASF SE, in partnership with Fabbri Group has developed cling film Nature Fresh, used in fresh-food packaging. Along with food, industrial packaging is also possible with this highly transparent stretch film. With this plastic film, both the companies have strengthened their collaboration and expected to increase their market share in the near future.

Engineering Plastics Market

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027

Market Segmentation

 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Plastic Type Segment (2017-2027; US$ Bn)
 • Acrylonitrile Butadiene Styrene (ABS)
 • Polyamides
 • Thermoplastic Polyesters
 • Polycarbonates
 • Polyacetals
 • Fluoropolymers
 • Others

 End-use Segment (2017-2027; US$ Bn)
 • Automotive
 • Electrical & Electronics
 • Packaging
 • Consumer appliances
 • Constructions
 • Medical
 • Others 

 Geography Segment (2017–2027; US$ Bn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

The current report also comprehends qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the global engineering plastic market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio and business strengths. 

Unique data points of this report

  • Recent trends across different regions in terms of the development of engineering plastic market
  • Attractive investment proposition for application segment as well as geography

Key questions answered in this report

  • What was the market size of engineering plastic market in 2018 and forecast up to 2027?
  • What are the key factors driving the global engineering plastic market?
  • What are the key market trends and high-growth opportunities observed in the engineering plastic market?
  • Which is the largest regional market for engineering plastic market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the engineering plastic market?
  • What are the key strategies adopted by the leading players operating in the market?

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Engineering Plastics (EP) Market
2.2. Global EP Market, by Plastic Type, 2018 (US$ Bn)
2.3. Global EP Market, by End-use, 2018 (US$ Bn)
2.4. Global EP Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global EP Market Value, 2017 – 2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Engineering Plastics (EP) Market, by Plastic Type , 2017 – 2027 (US$ Bn)
4.1. Overview
4.2. White Acrylonitrile Butadiene Styrene (ABS)
4.3. Polyamides
4.4. Thermoplastic Polyesters
4.5. Polycarbonates
4.6. Polyacetals
4.7. Fluoropolymers
4.8. Others

5. Global Engineering Plastics (EP) Market, by End-use, 2017 – 2027 (US$ Bn)
5.1. Overview
5.2. Automotive
5.3. Electrical & Electronics
5.4. Packaging
5.5. Consumer appliances
5.6. Constructions
5.7. Medical
5.8. Others

6. North America Engineering Plastics (EP) Market Analysis, 2017 – 2027 (US$ Bn)
6.1. Overview
6.1.1. North America EP Market Value and Growth, 2017 – 2027, (US$ Bn)
6.2. North America EP Market Value, By Plastic Type, 2017 – 2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America EP Market Value, By End-use, 2017 – 2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America EP Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Engineering Plastics (EP) Market Analysis, 2017 – 2027 (US$ Bn)
7.1. Overview
7.1.1. Europe EP Market Value and Growth, 2017 – 2027, (US$ Bn)
7.2. Europe EP Market Value, By Plastic Type, 2017 – 2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe EP Market Value, By End-use, 2017 – 2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe EP Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Engineering Plastics (EP) Market Analysis, 2017 – 2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific EP Market Value and Growth, 2017 – 2027, (US$ Bn)
8.2. Asia Pacific EP Market Value, By Plastic Type, 2017 – 2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific EP Market Value, By End-use 2017 – 2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific EP Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Engineering Plastics (EP) Market Analysis, 2017 – 2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World EP Market Value and Growth, 2017 – 2027, (US$ Bn)
9.2. Rest of the World EP Market Value, By Plastic Type, 2017 – 2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World EP Market Value, By End-use, 2017 – 2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World EP Market Value, By Region, 2017 – 2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. BASF SE
10.2. Covestro AG
10.3. Solvay
10.4. Celanese Corporation
10.5. DuPont
10.6. LG Chem
10.7. SABIC
10.8. Evonik Industries
10.9. Lanxess
10.10. Mitsubishi Engineering-Plastics Corporation

* EP - Engineering Plastics

FIG. 1 Global Engineering Plastics (EP) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global EP Market Segmentation
FIG. 4 Global EP Market, by Plastic Type, 2018, (US$ Bn)
FIG. 7 Global EP Market, by End-use, 2018, (US$ Bn)
FIG. 8 Global EP Market, by Geography, 2018 (US$ Bn)
FIG. 9 Global EP Market Value, 2017 - 2027, (US$ Bn)
FIG. 10 Attractive Investment Proposition, by Geography, 2018
FIG. 11 Global Market Positioning of Key EP Manufacturers, 2018
FIG. 12 Global EP Market Value Share, by Plastic Type, 2018 & 2027 (Value %)
FIG. 13 Global EP Market Value for Acrylonitrile Butadiene Styrene (ABS), 2017 – 2027, (US$ Bn)
FIG. 14 Global EP Market Value for Polyamides, 2017 – 2027, (US$ Bn)
FIG. 14 Global EP Market Value for Thermoplastic Polyesters, 2017 – 2027, (US$ Bn)
FIG. 14 Global EP Market Value for Polycarbonates, 2017 – 2027, (US$ Bn)
FIG. 14 Global EP Market Value for Polyacetals, 2017 – 2027, (US$ Bn)
FIG. 14 Global EP Market Value for Fluoropolymers, 2017 – 2027, (US$ Bn)
FIG. 15 Global EP Market Value for Others, 2017 – 2027, (US$ Bn)
FIG. 16 Global EP Market Value Share by End-use, 2018 & 2027 (Value %)
FIG. 17 Global EP Market Value for Automotive, 2017 – 2027, (US$ Bn)
FIG. 18 Global EP Market Value for Electrical & Electronics, 2017 – 2027, (US$ Bn)
FIG. 19 Global EP Market Value for Packaging, 2017 – 2027, (US$ Bn)
FIG. 19 Global EP Market Value for Consumer appliances, 2017 – 2027, (US$ Bn)
FIG. 19 Global EP Market Value for Constructions, 2017 – 2027, (US$ Bn)
FIG. 19 Global EP Market Value for Medical, 2017 – 2027, (US$ Bn)
FIG. 19 Global EP Market Value for Others, 2017 – 2027, (US$ Bn)
FIG. 28 North America EP Market Value, 2017 – 2027, (US$ Bn)
FIG. 29 Europe EP Market Value, 2017 – 2027, (US$ Bn)
FIG. 30 Asia Pacific EP Market Value, 2017 – 2027, (US$ Bn)
FIG. 31 Rest of the World EP Market Value, 2017 – 2027, (US$ Bn)

TABLE 1 Market Snapshot: Global Engineering Plastics (EP) Market Value
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global EP Market, by Plastic Type, 2017-2027, (US$ Bn)
TABLE 7 Global EP Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 8 Global EP Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 9 North America EP Market, by Plastic Type, 2017-2027, (US$ Bn)
TABLE 12 North America EP Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 13 North America EP Market Value, by Region/Country, 2017 - 2027, (US$ Bn)
TABLE 14 Europe EP Market, by Plastic Type, 2017-2027, (US$ Bn)
TABLE 17 Europe EP Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 18 Europe EP Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 19 Asia Pacific EP Market, by Plastic Type, 2017-2027 (US$ Bn)
TABLE 22 Asia Pacific EP Market, by End-use, 2017 – 2027 (US$ Bn)
TABLE 23 Asia Pacific EP Market Value, by Region/Country, 2017 – 2027, (US$ Bn)
TABLE 24 Rest of the World EP Market, by Plastic Type, 2017 - 2027, (US$ Bn)
TABLE 27 Rest of the World EP Market, by End-use, 2017 – 2027, (US$ Bn)
TABLE 28 Rest of the World EP Market Value, by Region, 2017 - 2027, (US$ Bn)
TABLE 29 BASF SE: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 30 Covestro AG: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 31 Solvay: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 32 Celanese Corporation: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 33 DuPont: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 34 LG Chem: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 35 SABIC: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 36 Evonik Industries: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 37 Lanxess: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)
TABLE 38 Mitsubishi Engineering-Plastics Corporation: Company Snapshot (Business Description; Profile Type Portfolio; Financial Information; Business Overview and Recent Development)

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