Report Scope & Overview:
Engineered Plastics Market Size was valued at USD 108.55 billion in 2022, and is expected to reach USD 170.41 billion by 2030, and grow at a CAGR of 5.8% over the forecast period 2023-2030.
Engineering plastics can be thought of as a class of plastic materials with improved mechanical and thermal capabilities. Engineering plastics are a kind of plastic that comprises polystyrene, PVC, polypropylene, and polyethylene. These materials are renowned for their unique qualities, which include greater impact resistance, high abrasion, and wear and fatigue resistance. Engineering plastics are produced for specialised uses, which accounts for their high market prices.
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Due to the replacement of metal parts by engineering plastics, the need for engineering plastics is quickly increasing worldwide.
expansion of the consumer and appliance industries
expansion of end-use industries
Fluctuation in the cost of raw materials
Competing polymers are becoming more prevalent.
Growing advancements in bio- or recycled-based sustainable engineering plastics
Economically appealing market
Plastic usage and environmental danger
Impact of Covid-19:
The engineering plastics industry has been negatively impacted by the global coronavirus pandemic that suddenly broke out in the years 2019–2020. Due to the hasty measures made to limit the pandemic's spread and the subsequent rise in fatalities that are damaging the surrounding population's healthcare and immune systems, the ongoing epidemic has caused significant challenges and devastation in the worldwide market environment. The epidemic has been causing problems, and as a result, governments around the world have been adopting precautions like functional limits and stringent lockdowns, which are further aggravating the situation for the engineering plastic market size during the projected period that will conclude in 2030.
Due to the shifting consumer trends and tastes, multinational corporations are searching for possibilities to expand, which is made feasible by increased funding and investments. The businesses are welcoming mergers and acquisitions and other forms of expansion that will boost the market share of engineering plastic over the current forecast period, which will conclude in 2028.
Acrylonitrile Butadiene Styrene
By end-use industries
Automotive & Transportation
Electrical & Electronics
Industrial & Machinery
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Because of the expanding domestic demand, the Asia-Pacific is anticipated to lead the global engineering plastic market. Engineering plastic market demand has increased over the current forecast period, which ends in 2028, as a result of rapid industrialization and rising demand from sectors including chemicals, packaging, power generation, and automobiles.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The key players are SABIC (Saudi Arabia), LANXESS AG (Germany), Covestro AG (Germany), BASF SE (Germany), Mitsubishi Chemical Holdings Corporation (Japan), Celanese Corporation (US), Evonik Industries AG (Germany), The Dow Chemical Company (US), Solvay S.A. (Belgium), LG Chem Ltd. and other players.
|Market Size in 2022||US$ 108.55 Billion|
|Market Size by 2030||US$ 170.41 Billion|
|CAGR||CAGR of 5.8% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By type (Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Thermoplastic Polyester, Polyacetal, Fluoropolymer, Others)
• By end-use industries (Automotive & Transportation, Consumer Appliances, Electrical & Electronics, Industrial & Machinery, Packaging, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||SABIC (Saudi Arabia), LANXESS AG (Germany), Covestro AG (Germany), BASF SE (Germany), Mitsubishi Chemical Holdings Corporation (Japan), Celanese Corporation (US), Evonik Industries AG (Germany), The Dow Chemical Company (US), Solvay S.A. (Belgium), LG Chem Ltd.|
|Key Drivers||• expansion of the consumer and appliance industries
• expansion of end-use industries
|RESTRAINTS||• Fluctuation in the cost of raw materials.
• Competing polymers are becoming more prevalent.
Ans: Engineered Plastics Market Size was valued at USD 108.55 billion in 2022, and is expected to reach USD 170.41 billion by 2030, and grow at a CAGR of 5.8% over the forecast period 2023-2030.
Ans: Due to the shifting consumer trends and tastes, multinational corporations are searching for possibilities to expand, which is made feasible by increased funding and investments. The businesses are welcoming mergers and acquisitions and other forms of expansion that will boost the market share of engineering plastic over the current forecast period, which will conclude in 2028.
Ans: SABIC (Saudi Arabia), LANXESS AG (Germany)Covestro AG (Germany), BASF SE (Germany), Mitsubishi Chemical Holdings Corporation (Japan), Celanese Corporation (US), Evonik Industries AG (Germany), The Dow Chemical Company (US), Solvay S.A. (Belgium), LG Chem Ltd. (South Korea) are the major key players of Engineered Plastics Market.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Primary or secondary type of research done by this reports.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Engineered Plastics Market Segment, By type
8.1 Acrylonitrile Butadiene Styrene
8.4 Thermoplastic Polyester
9.Engineered Plastics Market Segment, By end-use industries
9.1 Automotive & Transportation
9.2 Consumer Appliances
9.3 Electrical & Electronics
9.4 Industrial & Machinery
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1 SABIC (Saudi Arabia)
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 LANXESS AG (Germany)
11.3 Covestro AG (Germany)
11.4 BASF SE (Germany)
11.5 Mitsubishi Chemical Holdings Corporation (Japan)
11.6 Celanese Corporation (US)
11.7 Evonik Industries AG (Germany)
11.8 The Dow Chemical Company (US)
11.9 Solvay S.A. (Belgium)
11.10 LG Chem Ltd. (South Korea)
12.1 Competitive Benchmark
12.2 Market Share Analysis
12.3 Recent Developments
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