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Global Engineering Plastics Market 2017-2021

Global Engineering Plastics Market 2017-2021

About Engineering Plastics

Engineering plastics have simple molecular structure and chemically independent macromolecules. These materials are used in a wide range of applications in the automobile and transportation, electrical and electronics, packaging, appliances, and consumer goods industries. This is due to its features such as lightweight, greater impact strength, abrasion resistance, high strain, and temperature resistance above 212°F. They are broadly classified into acrylonitrile butadiene styrene (ABS), polyamide (PA), fluoropolymers, polycarbonate (PC), polyoxymethylene (POM), polybutylene terephthalate (PBT), styrene acrylonitrile (SAN), and polymethylmethacrylate (PMMA).

Technavio’s analysts forecast the global engineering plastics market to grow at a CAGR of 7.14% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global engineering plastics market 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • ROW
Technavio's report, Global Engineering Plastics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • Evonik Industries
  • LG Chem
  • SABIC
  • Solvay
Other prominent vendors
  • Arkema
  • Celanese
  • Covestro
  • DuPont
  • LANXESS
  • Mitsubishi Engineering-Plastics Corporation
  • TORAY INDUSTRIES
  • Royal DSM
Market driver
  • Demand for replacements of metals and fiber glass
  • For a full, detailed list, view our report
Market challenge
  • Degenerative properties of ABS
  • For a full, detailed list, view our report
Market trend
  • Increasing capacity expansions
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Engineering Plastics Market 2017-2021

Technavio recognizes the following companies as the key players in the global engineering plastics market: BASF, Evonik Industries, LG Chem, SABIC, and Solvay.

Other Prominent Vendors in the market are: Arkema, Celanese, Covestro, DuPont, LANXESS, Mitsubishi Engineering-Plastics Corporation, TORAY INDUSTRIES, and Royal DSM.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing capacity expansions. Owing to the growing demand from the automotive and electrical and electronics industries, several key vendors and prominent vendors are undertaking capacity expansions and joint ventures. This is mostly to maintain the market position in the global engineering plastics market. For instance, BASF, one of the key vendors, has amplified its production capacities in Schwarzheide, Europe, and Korea.”

According to the report, one of the major drivers for this market is Demand for replacements of metals and fiber glass. The use of metals or thermosets is replaced by engineering plastics in the electrical and electronics, and automobile industries. This can be attributed to the lesser manufacturing cost, time, and higher tensile strength of the products. It is estimated that the cost can be reduced up to 50% by replacing metals with engineering plastics. In addition, engineering plastics help in achieving thinner-walled designs, which can easily replace thicker die casted metal parts.

Further, the report states that one of the major factors hindering the growth of this market is Degenerative properties of ABS. Acrylonitrile in ABS is considered as a carcinomic compound by the EPA. The release of acrylonitrile powder in the air during the manufacturing process can cause health hazards such as limb weakness, labored and irregular breathing, anemia, leukocytosis, and kidney irritation. Considered acceptable oral dose is 0.001 milligrams per kilogram per day. According to the EU Regulation (EU) No 10/2011, residues should not exceed 2.5% of the raw polymer. These stringent regulations by the governments are impeding the manufacture of ABS.

Companies Mentioned

BASF, Evonik Industries, LG Chem, SABIC, and Solvay.Other Prominent Vendors in the market are: Arkema, Celanese, Covestro, DuPont, LANXESS, Mitsubishi Engineering-Plastics Corporation, TORAY INDUSTRIES, and Royal DSM.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market overview
      • Table Value chain of engineering plastics
  • Market landscape
    • Market overview
      • Table Global engineering plastics market 2017-2021
    • Market size and forecast
      • Table Global engineering plastics market 2016-2021 ($ billions)
      • Table Market forecast: Global engineering plastics market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global engineering plastics market by type
      • Table Global engineering plastics market by type 2016 and 2021
      • Table Market forecast: Global engineering plastics market by type 2016 and 2021 ($billions)
    • Global engineering plastics market by ABS
      • Table Global engineering plastics market by ABS 2016 and 2021 ($ billions)
      • Table Market forecast: Global engineering plastics market for ABS 2016-2021
    • Global engineering plastics market by PA
      • Table Global engineering plastics market by PA 2016 and 2021 ($ billions)
      • Table Market forecast: Global engineering plastics market for PA 2016-2021
      • Table Properties of Nylon 6 and Nylon 66
    • Global engineering plastics market by fluoropolymer
      • Table Global engineering plastics market by fluoropolymer 2016 and 2021 ($ billions)
      • Table Market forecast: Global engineering plastics market by fluoropolymer 2016-2021
    • Global engineering plastics market by PC
      • Table Global engineering plastics market by PC 2016 and 2021 ($ billions)
      • Table Market forecast: Global engineering plastics market by PC 2016-2021
    • Global engineering plastics market by other
      • Table Global engineering plastics market by others 2016 and 2021 ($ billions)
      • Table Market forecast: Global engineering plastics market by others 2016-2021
  • Market segmentation by geography
    • Global engineering plastics market by geography
      • Table Global engineering plastics market by geography 2016 and 2021
      • Table Global engineering plastics market by geography 2016 and 2021 ($ billions)
    • Engineering plastics market in APAC
      • Table Engineering plastics market in APAC 2016 and 2021 ($ billions)
      • Table Market forecast: Engineering plastics market in APAC 2016-2021
    • Engineering plastics market in Europe
      • Table Engineering plastics market in Europe 2016 and 2021 ($ billions)
      • Table Market forecast: Engineering plastics market in Europe 2016-2021
    • Engineering plastics market in Americas
      • Table Engineering plastics market in Americas 2016 and 2021 ($ billions)
      • Table Market forecast: Engineering plastics market in Americas 2016-2021
    • Engineering plastics market in ROW
      • Table Engineering plastics market in ROW 2016 and 2021 ($ billions)
      • Table Market forecast: Engineering plastics market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing capacity expansions
    • Growing importance for bio-based engineering plastics
    • Increasing demand from APAC
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Global engineering plastics market: Major vendors
    • Other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographic segmentation by revenue 2016
    • Evonik Industries
      • Table Evonik Industries: Business segmentation by revenue 2016
      • Table Evonik Industries: Geographic segmentation by revenue 2016
    • LG Chem
      • Table Different grades offered in engineering plastics
    • SABIC
      • Table SABIC: Business segmentation by revenue 2016
    • Solvay
      • Table Solvay: Business segmentation by revenue 2016
      • Table Solvay: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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