Engineering Plastics Market
Description
Global engineering plastics market is estimated to be valued at USD 126.13 Bn in 2025, exhibiting a compound annual growth rate (CAGR) of 5.7% from 2025 to 2032. Engineering plastics are synthetic materials that have a combination of desirable properties that allow them to be used in engineering applications. These typically have physically tough characteristics like high strength, hardness, and resistance to heat as compared to commodity plastics. The key types of engineering plastics include polycarbonate (PC), acrylonitrile butadiene styrene (ABS), polyamide (PA), polyethylene terephthalate (PET), and polyvinyl chloride (PVC). These materials are used widely in applications such as automotive components, electrical and electronic devices, consumer goods, industrial machinery, and construction.
Market Dynamics
Global engineering plastics market growth is driven by increasing consumption of engineering plastics in automotive and electrical & electronics industries. Engineering plastics offer advantages like high heat resistance, durability, and lower weight as compared to metals, and this makes them suitable for applications in automotive components. The exponential growth of the electrical & electronics industry along with miniaturization of devices has boosted demand for engineering plastics. However, volatility in raw material prices can hamper the market growth. Increasing concerns about non-biodegradability of plastics poses a challenge for the market growth. T Rising demand for bio-based and recycled engineering plastics to address sustainability issues can offer market growth opportunities.
Key Features of the Study
Market Dynamics
Global engineering plastics market growth is driven by increasing consumption of engineering plastics in automotive and electrical & electronics industries. Engineering plastics offer advantages like high heat resistance, durability, and lower weight as compared to metals, and this makes them suitable for applications in automotive components. The exponential growth of the electrical & electronics industry along with miniaturization of devices has boosted demand for engineering plastics. However, volatility in raw material prices can hamper the market growth. Increasing concerns about non-biodegradability of plastics poses a challenge for the market growth. T Rising demand for bio-based and recycled engineering plastics to address sustainability issues can offer market growth opportunities.
Key Features of the Study
- This report provides in-depth analysis of the global engineering plastics market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025–2032), considering 2024 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global engineering plastics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include Arkema Group, Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro, DSM N.V., Dupont, Lanxess, LG Chem., Mitsubishi Engineering-Plastics Corporation, Saudi Basic Industries Corporation (Sabic), Solvay SA, Teijin, Toray, Victrex Plc., Bhansali Engineering Polymers Limited., Chiripal Poly Film., Gujarat Fluorochemicals Limited (GFL), Hindustan Fluorocarbons Limited., INEOS.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- Global engineering plastics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global engineering plastics market.
- By Product Type
- Polyamides (PA)
- Polycarbonates (PC)
- Acrylonitrile butadiene styrene (ABS)
- Styrene Acrylonitrile (SAN)
- Polyoxymethylene (POM)
- Polybutylene terephthalate (PBT)
- Fluoropolymers
- Others
- By Applications
- Automotive and Transportation
- Interiors and Safety
- Engine and Mechanical
- Exteriors and Structural
- Others (include fuel systems, electrical and electronics)
- Electrical and Electronics
- Consumer Appliances
- Others (include lighting, optical media, wire and cable, electronic components)
- Construction
- Glazing and Sky Lighting
- Pipes and Fittings
- Others (Wall outlets, building bricks)
- Medical
- Diagnostic and Drug Delivery Systems
- Medical Devices
- Others (include surgical instruments, orthopedic implant, and orthopedics)
- Industrial and Machinery
- Packaging
- Others
- By Region
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Company Profiles
- Arkema Group
- Asahi Kasei Corporation
- BASF SE
- Celanese Corporation
- Covestro
- DSM N.V.
- Dupont
- Lanxess
- LG Chem.
- Mitsubishi Engineering-Plastics Corporation
- Saudi Basic Industries Corporation (Sabic)
- Solvay SA
- Teijin
- Toray
- Victrex Plc.
- Bhansali Engineering Polymers Limited
- Chiripal Poly Film
- Gujarat Fluorochemicals Limited (GFL)
- Hindustan Fluorocarbons Limited
- INEOS
Table of Contents
120 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Applications
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- 4. Global Engineering Plastics Market, By Product Type, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
- Polyamides (PA)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Segment Trends
- Polycarbonates (PC)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Segment Trends
- Acrylonitrile butadiene styrene (ABS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Segment Trends
- Styrene Acrylonitrile (SAN)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Segment Trends
- Polyoxymethylene (POM)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Segment Trends
- Polybutylene terephthalate (PBT)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Segment Trends
- Fluoropolymers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Segment Trends
- 5. Global Engineering Plastics Market, By Applications, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
- Automotive and Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Sub Segment Trends
- Interiors and Safety
- Engine and Mechanical
- Exteriors and Structural
- Others (include fuel systems, electrical and electronics)
- Electrical and Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Sub Segment Trends
- Consumer Appliances
- Others (include lighting, optical media, wire and cable, electronic components)
- Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Sub Segment Trends
- Glazing and Sky Lighting
- Pipes and Fittings
- Others (Wall outlets, building bricks)
- Medical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Sub Segment Trends
- Diagnostic and Drug Delivery Systems
- Medical Devices
- Others (include surgical instruments, orthopedic implant, and orthopedics)
- Industrial and Machinery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Segment Trends
- Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Segment Trends
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (USD Bn)
- Segment Trends
- 6. Global Engineering Plastics Market, By Region, 2020-2032, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2032
- North America
- Introduction
- Market Size and Forecast, By Product Type, 2020 – 2032, (USD Bn)
- Market Size and Forecast, By Applications, 2020 – 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2020 – 2032, (USD Bn))
- Market Size and Forecast, By Applications, 2020 – 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Product Type, 2020 – 2032, (USD Bn)
- Market Size and Forecast, By Applications, 2020 – 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2020 – 2032, (USD Bn)
- Market Size and Forecast, By Applications, 2020 – 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2020 – 2032, (USD Bn)
- Market Size and Forecast, By Applications, 2020 - 2032 (USD Bn)
- Market Size and Forecast, By Country, 2020 – 2032, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East & Africa
- 7. Competitive Landscape
- Market Share Analysis
- Company Profiles
- Arkema Group
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Asahi Kasei Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- BASF SE
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Celanese Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Covestro
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- DSM N.V.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Dupont
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Lanxess
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- LG Chem.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Mitsubishi Engineering-Plastics Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Saudi Basic Industries Corporation (Sabic)
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Solvay SA
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Teijin
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Toray
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Victrex Plc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Bhansali Engineering Polymers Limited.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Chiripal Poly Film.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Gujarat Fluorochemicals Limited (GFL)
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Hindustan Fluorocarbons Limited.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- INEOS
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- 8. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 9. Section
- References
- Research Methodology
- About Us and Sales Contact
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
