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Press Release:

Global Engineering Plastics Market to Reach US$ 167.5 Billion by 2027, Propelled by the Growing Preference for Lightweight Automobile

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The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Engineering Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global engineering plastics market reached a value of US$ 104.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 167.5 Billion by 2027, exhibiting at a CAGR of 7.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Engineering plastics are generally used to manufacture mechanical parts, containers and packaging substances. They are extensively utilized as a preferred alternative to metal and ceramics due to their lightweight property. Additionally, they provide excellent load capacity, mechanical strength, thermal stability and durability while offering designing flexibility. Some of the commonly used engineering plastics variants include polyamides (PA), polycarbonates (PC), nylon 6, acrylonitrile butadiene styrene (ABS) and polysulphone (PSU). They are widely utilized in the manufacturing of car bumpers, dashboard trims, ski boots, helmets and optical discs across multiple sectors.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Engineering Plastics Market Trends:

The global market is primarily driven by the rising preference for lightweight automobiles among the masses. Along with this, the widespread adoption of engineering plastic in the production of several vehicle components is providing an impetus to the market growth across the globe. Moreover, increasing investments by private and public agencies in infrastructural development projects have led to the rising utilization of polyvinyl chloride (PVC) pipes for water supply systems, which is providing a boost to the uptake of engineering plastics. These plastics are also extensively used across the healthcare industry for packaging medical equipment and manufacturing medical implants, which is catalyzing the market growth across the globe. Furthermore, the rising usage of engineering plastics for manufacturing consumer electronics is acting as another major growth-inducing factor on the global level. Some of the other factors contributing to the market growth include continual product innovations and extensive research and development (R&D) activities conducted by key players.  

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global engineering plastics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, performance parameter and application.

Breakup by Type:

 

 
 

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  • Polyamide
  • ABS
  • Thermoplastic Polyesters
  • Polycarbonates
  • Polyacetals
  • Fluoropolymers
  • Others
     

Breakup by Performance Parameter:

  • High Performance
  • Low Performance
     

Breakup by Application:

  • Packaging
  • Building and Construction
  • Electrical and Electronics
  • Automotive
  • Consumer Products
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, AdvanSix, Arkema S.A., Avient Corporation, BASF SE, Celanese Corporation, Daicel Corporation, DuPont de Nemours Inc., Eastman Chemical Company, Ineos Limited, LANXESS Aktiengesellschaft and Solvay S.A.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Performance Parameter, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 3M Company, AdvanSix, Arkema S.A., Avient Corporation, BASF SE, Celanese Corporation, Daicel Corporation, DuPont de Nemours Inc., Eastman Chemical Company, Ineos Limited, LANXESS Aktiengesellschaft and Solvay S.A.
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Engineering Plastics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Polyamide
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    ABS
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Thermoplastic Polyesters
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Polycarbonates
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Polyacetals
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Fluoropolymers
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Others
        6.7.1 Market Trends
        6.7.2 Market Forecast
7    Market Breakup by Performance Parameter
    7.1    High Performance
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Low Performance
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Packaging
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Building and Construction
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Electrical and Electronics
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Automotive
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Consumer Products
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Others
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    3M Company
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    AdvanSix 
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Arkema S.A.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Avient Corporation
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    BASF SE
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Celanese Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Daicel Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    DuPont de Nemours Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Eastman Chemical Company
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Ineos Limited
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    LANXESS Aktiengesellschaft
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Solvay S.A.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Engineering Plastics Market: Major Drivers and Challenges
Figure 2: Global: Engineering Plastics Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Engineering Plastics Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Engineering Plastics Market: Breakup by Type (in %), 2021
Figure 5: Global: Engineering Plastics Market: Breakup by Performance Parameter (in %), 2021
Figure 6: Global: Engineering Plastics Market: Breakup by Application (in %), 2021
Figure 7: Global: Engineering Plastics Market: Breakup by Region (in %), 2021
Figure 8: Global: Engineering Plastics (Polyamide) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Engineering Plastics (Polyamide) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Engineering Plastics (ABS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Engineering Plastics (ABS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Engineering Plastics (Thermoplastic Polyesters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Engineering Plastics (Thermoplastic Polyesters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Engineering Plastics (Polycarbonates) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Engineering Plastics (Polycarbonates) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Engineering Plastics (Polyacetals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Engineering Plastics (Polyacetals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Engineering Plastics (Fluoropolymers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Engineering Plastics (Fluoropolymers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Engineering Plastics (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Engineering Plastics (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Engineering Plastics (High Performance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Engineering Plastics (High Performance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Engineering Plastics (Low Performance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Engineering Plastics (Low Performance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Engineering Plastics (Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Engineering Plastics (Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Engineering Plastics (Building and Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Engineering Plastics (Building and Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Engineering Plastics (Electrical and Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Engineering Plastics (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Engineering Plastics (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Engineering Plastics (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Engineering Plastics (Consumer Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Engineering Plastics (Consumer Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Engineering Plastics (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Engineering Plastics (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Asia-Pacific: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Asia-Pacific: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: China: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: China: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Japan: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Japan: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: India: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: South Korea: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: South Korea: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Australia: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Australia: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Indonesia: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Indonesia: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Europe: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Europe: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Germany: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Germany: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: France: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: France: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: United Kingdom: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: United Kingdom: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Italy: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Italy: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Spain: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Spain: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Russia: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Russia: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Middle East and Africa: Engineering Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Middle East and Africa: Engineering Plastics Market: Breakup by Country (in %), 2021
Figure 86: Middle East and Africa: Engineering Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Global: Engineering Plastics Industry: SWOT Analysis
Figure 88: Global: Engineering Plastics Industry: Value Chain Analysis
Figure 89: Global: Engineering Plastics Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Engineering Plastics Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Engineering Plastics Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Engineering Plastics Market Forecast: Breakup by Performance Parameter (in Million US$), 2022-2027
Table 4: Global: Engineering Plastics Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Engineering Plastics Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Engineering Plastics Market: Competitive Structure
Table 7: Global: Engineering Plastics Market: Key Players


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Key Questions Answered in This Report

The global engineering plastics market was valued at US$ 104.4 Billion in 2021.

We expect the global engineering plastics market to exhibit a CAGR of 7.50% during 2022-2027.

The rising adoption of engineering plastic as an alternative to metal and ceramics due to its lightweight
property in manufacturing mechanical parts, containers, and packaging substances, is primarily
catalyzing the global engineering plastics market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries,
thereby negatively impacting the overall demand for engineering plastics.

Based on the type, the global engineering plastics market has been segmented into polyamide, ABS,
thermoplastic polyesters, polycarbonates, polyacetals, fluoropolymers, and others. Currently,
polyacetals exhibit a clear dominance in the market.

Based on the application, the global engineering plastics market can be categorized into packaging,
building and construction, electrical and electronics, automotive, consumer products, and others.
Among these, the electrical and electronics sector currently accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global engineering plastics market include 3M Company, AdvanSix,
Arkema S.A., Avient Corporation, BASF SE, Celanese Corporation, Daicel Corporation, DuPont de
Nemours Inc., Eastman Chemical Company, Ineos Limited, LANXESS Aktiengesellschaft, and Solvay S.A.

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