Global Engineering Plastics Market to Reach US$ 218.9 Billion by 2032, Propelled by the Growing Preference for Lightweight Automobile

September 06, 2022 | Chemical & Materials

The latest report by IMARC titled, “Engineering Plastics Market Report by Type (Polyamide, ABS, Thermoplastic Polyesters, Polycarbonates, Polyacetals, Fluoropolymers, and Others), Performance Parameter (High Performance, Low Performance), Application (Packaging, Building and Construction, Electrical and Electronics, Automotive, Consumer Products, and Others), and Region 2024-2032”, finds that the global engineering plastics market size reached US$ 121.9 Billion in 2023. Engineering plastics refer to plastic materials that possess better mechanical or potentially warm properties as compared to the generally produced plastics. They are considered an apt alternative to metal and ceramics as they are lightweight in nature. They have excellent load capacity, thermal stability, mechanical strength, and durability. Some of the most common types of engineering plastics variants include polycarbonates (PC), polyamides (PA), nylon 6, acrylonitrile butadiene styrene (ABS), and polysulphone (PSU). In recent years, engineering plastics have gained traction as they are being widely adopted in the production of dashboard trims, car bumpers, ski boots, optical discs, and helmets across the world.

Global Engineering Plastics Market Trends:

One of the primary factors driving the market is the growing preference for lightweight automobiles among individuals. Additionally, engineering plastics are also utilized in the manufacturing procedures of various vehicle components, creating a positive market outlook. Other than this, this product is employed in the healthcare industry for packaging medical equipment and production of medical implants, which is positively influencing the market growth. Furthermore, the utilization of engineering plastics for producing consumer electronics is propelling the market growth. In line with this, extensive investments by private and public agencies in infrastructural development projects are strengthening the market growth. Other growth-inducing factors include extensive research and development (R&D) activities conducted by key players to gain a competitive edge in the market, along with continual product innovations. Looking forward, IMARC group expects the market size to reach US$ 218.9 Billion by 2032, expanding at a CAGR of 6.6% during the forecast period (2024-2032).

Market Summary:

  • Based on the type, the market has been divided into polyamide, ABS, thermoplastic polyesters, polycarbonates, polyacetals, fluoropolymers, and others.
  • On the basis of the performance parameter, the market has been bifurcated into high and low performance.
  • Based on the application, the market has been segmented into packaging, building and construction, electrical and electronics, automotive, consumer products, and others.
  • Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, the United Kingdom, France, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has also been analyzed, with some 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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

USA: +1-631-791-1145
Follow us on twitter : @imarcglobal

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Engineering Plastics Market to Reach US$ 218.9 Billion by 2032, Propelled by the Growing Preference for Lightweight Automobile
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More