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Engineering Plastics Market Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Afri

Publisher Fairfield Market Research
Published Jul 10, 2023
Length 220 Pages
SKU # FCSL18058245

Description

Engineering Plastics Market Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)


The global production of engineering plastics has exceeded 25 million tons annually, with demand accounting for over 10% of the total global plastics demand. Engineering plastics offer superior performance compared to standard plastics, making them an ideal choice for tough engineering applications. Their lightweight nature and ease of manufacturing in various shapes have positioned them as preferred substitutes for traditional materials such as metals and wood.

According to Fairfield Market Research's upcoming study on the global engineering plastics market, engineering plastics are gradually replacing popular commodity plastics like polyethylene, polypropylene, polystyrene, and polyvinyl chloride (PVC). In 2018, China led the Asia Pacific market, driven by robust demand from the automotive and consumer electronics industries.

Automotive Industry Leads the Adoption of Engineering Plastics


End users in various industries, including automotive, building and construction, electronics and electrical, consumer goods, and packaging, have a high demand for engineering plastics. These materials offer excellent chemical and heat resistance, fire retardancy, impact resistance, and mechanical strength. Among the consumer industries, the automotive sector witnessed the highest consumption of engineering plastics in 2018. This is attributed to the increasing trend of fuel-efficient, lightweight automobiles that align with the global shift towards e-mobility.

Engineering plastics have been replacing conventional glass and metal materials in numerous automotive exterior and interior applications. The diminishing reserves of fossil fuels, rising fuel prices, and stricter fuel-efficiency regulations worldwide further drive the demand for engineering plastics in the global market. Additionally, the electronics and electrical equipment industry is adopting engineering plastics due to their durability, impact resistance, heat resistance, electrical insulation properties, and design flexibility within complex electronic structures.

Growing Demand for Innovative Building Materials Supports Engineering Plastics Sales


The expanding building and construction industry and ongoing infrastructural developments provide a favorable environment for the growth of the engineering plastics market. This trend is particularly prominent in developed regions and is expected to continue with the recovery of the construction industry in recent years. Innovative building materials, including engineering plastics such as polyamide, polycarbonate, and acrylonitrile butadiene styrene (ABS), are in high demand for non-residential applications such as roofing systems, window glazing, and skylights. The increasing need for durable and lightweight materials further propels the prospects of engineering plastics.

In the medical devices sector, there is a shift away from traditional materials like metal and glass, driving attention towards flexible engineering plastics with competitive pricing. However, the slow rate of recycling remains a long-standing challenge for the industry. Efforts are underway to develop new recycling models and achieve a circular economy in the engineering plastics space. Additionally, advanced composites are emerging as a viable alternative to engineering plastics.

Key Companies Focus on Capacity Expansion and M&A


Leading players in the global engineering plastics market include BASF, Celanese, Covestro, SABIC, Domo, and DSM. These companies are expanding their production capacities to meet the growing demand from key consumer industries such as automotive, building and construction, and electronics and electrical. Product innovations remain a preferred growth strategy in a competitive market. Strategic mergers and acquisitions, as well as joint ventures, are profitable moves for companies seeking an expanded regional and global footprint. BASF SE's acquisition of Solvay's polyamide business in 2020 and DSM's acquisition of SRF's engineering plastics division in 2019 are examples of such strategic moves. Companies are also prioritizing digitalization in production and logistics to improve efficiency and minimize environmental impact.Please note: the PDF e-mail from publisher version of this report is for a global site license.

Table of Contents

220 Pages
1. Executive Summary
1.1. Global Engineering Plastics Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver 1
2.2.1.2. Driver 2
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Russia-Ukraine and Energy Crisis
2.7. Raw Material Analysis
2.8. Upcoming Projects
2.9. Economic Analysis
2.10. Key Product Development and Market Trends
2.11. PESTLE Analysis
3. Production Output and Trade Statistics, 2019 - 2022
3.1. Supply-Demand Analysis
3.2. Regional Statistics
3.2.1. North America
3.2.2. Europe
3.2.3. Asia Pacific
3.2.3.1. China
3.2.4. Rest of the World
4. Price Trends Analysis and Future Projects, 2019 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting the Market Prices
4.3. By Resin
4.4. By Region
5. Global Engineering Plastics Market Outlook, 2019 - 2030
5.1. Global Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.1.1. Key Highlights
5.1.1.1. Polycarbonate (PC)
5.1.1.2. Styrene Copolymers (ABS and SAN)
5.1.1.3. Polyamides (PA)
5.1.1.4. Polymethyl Methacrylate (PMMA)
5.1.1.5. Fluoropolymers
5.1.1.6. Polyether Ether Ketone (PEEK)
5.1.1.7. Polyoxymethylene (POM)
5.1.1.8. Misc.
5.1.2. BPS Analysis/Market Attractiveness Analysis
5.2. Global Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.2.1. Key Highlights
5.2.1.1. Automotive
5.2.1.1.1. Conventional Vehicles
5.2.1.1.2. Electric Vehicles
5.2.1.2. Electrical & Electronics
5.2.1.3. Consumer Durables
5.2.1.4. Building & Construction
5.2.1.5. Packaging
5.2.1.6. Healthcare
5.2.1.7. Aerospace
5.2.1.8. Misc. (Industrial, etc.)
5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Global Engineering Plastics Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. North America Engineering Plastics Market Outlook, 2019 - 2030
6.1. North America Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.1.1. Key Highlights
6.1.1.1. Polycarbonate (PC)
6.1.1.2. Styrene Copolymers (ABS and SAN)
6.1.1.3. Polyamides (PA)
6.1.1.4. Polymethyl Methacrylate (PMMA)
6.1.1.5. Fluoropolymers
6.1.1.6. Polyether Ether Ketone (PEEK)
6.1.1.7. Polyoxymethylene (POM)
6.1.1.8. Misc.
6.1.2. BPS Analysis/Market Attractiveness Analysis
6.2. North America Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
6.2.1. Key Highlights
6.2.1.1. Automotive
6.2.1.1.1. Conventional Vehicles
6.2.1.1.2. Electric Vehicles
6.2.1.2. Electrical & Electronics
6.2.1.3. Consumer Durables
6.2.1.4. Building & Construction
6.2.1.5. Packaging
6.2.1.6. Healthcare
6.2.1.7. Aerospace
6.2.1.8. Misc. (Industrial, etc.)
6.2.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Engineering Plastics Market Outlook, 2019 - 2030
7.1. Europe Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.1.1. Key Highlights
7.1.1.1. Polycarbonate (PC)
7.1.1.2. Styrene Copolymers (ABS and SAN)
7.1.1.3. Polyamides (PA)
7.1.1.4. Polymethyl Methacrylate (PMMA)
7.1.1.5. Fluoropolymers
7.1.1.6. Polyether Ether Ketone (PEEK)
7.1.1.7. Polyoxymethylene (POM)
7.1.1.8. Misc.
7.1.2. BPS Analysis/Market Attractiveness Analysis
7.2. Europe Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.2.1. Key Highlights
7.2.1.1. Automotive
7.2.1.1.1. Conventional Vehicles
7.2.1.1.2. Electric Vehicles
7.2.1.2. Electrical & Electronics
7.2.1.3. Consumer Durables
7.2.1.4. Building & Construction
7.2.1.5. Packaging
7.2.1.6. Healthcare
7.2.1.7. Aerospace
7.2.1.8. Misc. (Industrial, etc.)
7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Engineering Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
7.3.1. Key Highlights
7.3.1.1. Germany
7.3.1.2. France
7.3.1.3. U.K.
7.3.1.4. Italy
7.3.1.5. Spain
7.3.1.6. Turkey
7.3.1.7. Russia
7.3.1.8. Rest of Europe
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Engineering Plastics Market Outlook, 2019 - 2030
8.1. Asia Pacific Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.1.1. Key Highlights
8.1.1.1. Polycarbonate (PC)
8.1.1.2. Styrene Copolymers (ABS and SAN)
8.1.1.3. Polyamides (PA)
8.1.1.4. Polymethyl Methacrylate (PMMA)
8.1.1.5. Fluoropolymers
8.1.1.6. Polyether Ether Ketone (PEEK)
8.1.1.7. Polyoxymethylene (POM)
8.1.1.8. Misc.
8.1.2. BPS Analysis/Market Attractiveness Analysis
8.2. Asia Pacific Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.2.1. Key Highlights
8.2.1.1. Automotive
8.2.1.1.1. Conventional Vehicles
8.2.1.1.2. Electric Vehicles
8.2.1.2. Electrical & Electronics
8.2.1.3. Consumer Durables
8.2.1.4. Building & Construction
8.2.1.5. Packaging
8.2.1.6. Healthcare
8.2.1.7. Aerospace
8.2.1.8. Misc. (Industrial, etc.)
8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Engineering Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
8.3.1. Key Highlights
8.3.1.1. China
8.3.1.2. Japan
8.3.1.3. South Korea
8.3.1.4. India
8.3.1.5. Southeast Asia
8.3.1.6. Rest of Asia Pacific
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Engineering Plastics Market Outlook, 2019 - 2030
9.1. Latin America Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.1.1. Key Highlights
9.1.1.1. Polycarbonate (PC)
9.1.1.2. Styrene Copolymers (ABS and SAN)
9.1.1.3. Polyamides (PA)
9.1.1.4. Polymethyl Methacrylate (PMMA)
9.1.1.5. Fluoropolymers
9.1.1.6. Polyether Ether Ketone (PEEK)
9.1.1.7. Polyoxymethylene (POM)
9.1.1.8. Misc.
9.1.2. BPS Analysis/Market Attractiveness Analysis
9.2. Latin America Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.2.1. Key Highlights
9.2.1.1. Automotive
9.2.1.1.1. Conventional Vehicles
9.2.1.1.2. Electric Vehicles
9.2.1.2. Electrical & Electronics
9.2.1.3. Consumer Durables
9.2.1.4. Building & Construction
9.2.1.5. Packaging
9.2.1.6. Healthcare
9.2.1.7. Aerospace
9.2.1.8. Misc. (Industrial, etc.)
9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Engineering Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Engineering Plastics Market Outlook, 2019 - 2030
10.1. Middle East & Africa Engineering Plastics Market Outlook, by Resin, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.1.1. Key Highlights
10.1.1.1. Polycarbonate (PC)
10.1.1.2. Styrene Copolymers (ABS and SAN)
10.1.1.3. Polyamides (PA)
10.1.1.4. Polymethyl Methacrylate (PMMA)
10.1.1.5. Fluoropolymers
10.1.1.6. Polyether Ether Ketone (PEEK)
10.1.1.7. Polyoxymethylene (POM)
10.1.1.8. Misc.
10.1.2. BPS Analysis/Market Attractiveness Analysis
10.2. Middle East & Africa Engineering Plastics Market Outlook, by End-user, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.2.1. Key Highlights
10.2.1.1. Automotive
10.2.1.1.1. Conventional Vehicles
10.2.1.1.2. Electric Vehicles
10.2.1.2. Electrical & Electronics
10.2.1.3. Consumer Durables
10.2.1.4. Building & Construction
10.2.1.5. Packaging
10.2.1.6. Healthcare
10.2.1.7. Aerospace
10.2.1.8. Misc. (Industrial, etc.)
10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Engineering Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2019 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC
10.3.1.2. South Africa
10.3.1.3. Egypt
10.3.1.4. Rest of Middle East & Africa
10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2022
11.2. Market Structure
11.3. Product vs Application Heatmap
11.4. Company Profiles
11.4.1. BASF SE
11.4.1.1. Company Overview
11.4.1.2. Product Portfolio
11.4.1.3. Financial Overview
11.4.1.4. Business Strategies and Development
11.4.2. SABIC
11.4.3. INEOS
11.4.4. SCG
11.4.5. BASF SE
11.4.6. Covestro AG
11.4.7. Celanese
11.4.8. Avient Corporation
11.4.9. Evonik Industries AG
11.4.10. Solvay S.A.
11.4.11. DSM
11.4.12. Borealis AG
11.4.13. LyondellBasell Industries N.V.
11.4.14. Lanxess
11.4.15. LG Chem
11.4.16. PolyOne
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

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