Engineering Plastics Market Size(Volume & Value), Growth and Development Trends Outlook to 2023

The global engineering plastics market is expected to witness strong growth, during the forecast period. The growth in the global market is being propelled by emergence of substitutes for conventional materials in the form of engineering plastics in end-use applications, positive growth in end-use industries, growing demand for polyamides in 3D printing and increasing demand for engineering plastics from automotive industry.

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The global engineering plastics market has been categorized on the basis of type and application. On the basis of type, the global market has been segmented into acrylonitrile butadiene styrene (ABS), polyamide, polycarbonates, thermoplastic polyesters, polyacetals, fluoropolymers, and others.

Engineering plastics are plastic materials having superior mechanical and/or thermal properties as compared to commodity plastics (such as polystyrene, PVC, polypropylene and polyethylene). Engineering plastics can be used permanently at temperatures between 100°C and 150°C.

Geographically, the global engineering plastics market has been segmented into North America, South America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to witness the highest growth in the global engineering plastics market, during the forecast period.

The major factors driving the regional growth include presence of electrical and electronics manufacturers, huge base of automobile manufacturers, increasing industrial establishment for metal fabrication and industrial machinery and increasing demand for packaging solutions from various end-user industries.

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Some of the key players in the global engineering plastics market are BASF SE, SABIC, Evonik Industries AG, Solvay S.A., E. I. DuPont de Nemours and Company, Celanese Corporation, Lanxess AG, Eastman Chemical Company, Mitsubishi Engineering-Plastics Corporation, Arkema SA and LG Chem.

Global Engineering Plastics Market Segmentation

By Type

• Acrylonitrile butadiene styrene (ABS)
• Polyamide
• Polycarbonates
• Thermoplastic polyesters
• Polyacetals
• Fluoropolymers
• Others

By Application

• Automotive and transportation
• Electrical and electronics
• Industrial machinery
• Packaging
• Consumer products
• Others

By Geography

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • The U.K.
  • Italy
  • France
  • Germany
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC
• South America
  • Brazil
  • Rest of South America
• Rest of the World

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