Product Code: GVR-4-68040-249-3
Engineering Plastics Market Growth & Trends:
The global engineering plastics market size is anticipated to reach USD 230.64 billion by 2030, registering a CAGR of 7.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The use of engineering plastics in automotive parts helps reduce fuel consumption due to their low weight compared to traditional materials, such as rubber or metals. Increasing awareness about consumer safety and health risks across various industries, such as electronics, consumer goods, construction, healthcare, and automobile, is expected to boost the global product demand.
Factors, such as reduction in overall vehicular weight to lessen fuel consumption and carbon emissions, have been instrumental in driving the product demand in the automotive industry. The product is widely used in automotive applications, such as instrument panels, engine encapsulation, seating, exterior panels, and dashboards, as an alternative to metals. Increasing efforts to reduce post-consumer waste of plastics globally has resulted in the development of new bio-based engineering plastics and advanced recycling technologies by market players. For instance, in August 2023, Polyplastics Group launched its DURACIRCLE (TM) initiative, which aims to achieve a 100% recycling rate of engineering plastics.
Engineering Plastics Market Report Highlights:
- The styrene copolymers (ABS and SAN) resin type segment held the largest share of 33.7% of the overall revenue in 2023
- The automotive & transportation end-use segment dominated the market and accounted for the largest revenue share of over 34.85% in 2023
- Asia Pacific led the global market in 2023 due to the rapid growth of the industrial, electronics, automotive, and construction industries, especially in countries, such as India, Indonesia, Thailand, Bangladesh, and Vietnam
- Germany was the leading manufacturer of engineering plastics in Europe and captured around 34% share of the revenue
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Engineering Plastics Market Variables, Trends & Scope
- 3.1. Global Engineering Plastics Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis of Key value chain participants
- 3.2.2. Raw Material Trends
- 3.2.3. Raw Material Price Analysis
- 3.3. Technology Overview
- 3.4. Analysis of Potential Sustainable Substitute Material
- 3.5. Impact of Circular Economy
- 3.6. Average Price Trend Analysis, 2018 to 2030 (USD/kg)
- 3.6.1. Key Factors Influencing Pricing
- 3.7. Supply-Demand GAP Analysis, 2023
- 3.8. Regulatory Framework
- 3.8.1. Policies and Incentive Plans
- 3.8.2. Standards and Compliances
- 3.8.3. Regulatory Impact Analysis
- 3.9. Market Dynamics
- 3.9.1. Market Driver Analysis
- 3.9.2. Market Restraint Analysis
- 3.9.3. Industry Challenges
- 3.10. Porter's Five Forces Analysis
- 3.10.1. Supplier Power
- 3.10.2. Buyer Power
- 3.10.3. Substitution Threat
- 3.10.4. Threat from New Entrant
- 3.10.5. Competitive Rivalry
- 3.11. PESTEL Analysis
- 3.11.1. Political Landscape
- 3.11.2. Economic Landscape
- 3.11.3. Social Landscape
- 3.11.4. Technological Landscape
- 3.11.5. Environmental Landscape
- 3.11.6. Legal Landscape
Chapter 4. Engineering Plastics Market: Resin Type Outlook Estimates & Forecasts
- 4.1. Engineering Plastics Market: Resin Type Movement Analysis, 2023 & 2030
- 4.2. Styrene Copolymers (ABS and SAN)
- 4.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.3. Fluoropolymer
- 4.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Liquid Crystal Polymer (LCP)
- 4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.5. Polyamide (PA)
- 4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.6. Polybutylene Terephthalate (PBT)
- 4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.7. Polycarbonate (PC)
- 4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.8. Polyether Ether Ketone (PEEK)
- 4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.9. Polyethylene Terephthalate (PET)
- 4.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.10. Polyimide (PI)
- 4.10.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.11. Polymethyl Methacrylate (PMMA)
- 4.11.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.12. Polyoxymethylene (POM)
- 4.12.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Engineering Plastics Market: End-use Outlook Estimates & Forecasts
- 5.1. Engineering Plastics Market: End-use Movement Analysis, 2023 & 2030
- 5.2. Automotive & Transportation
- 5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Electrical & Electronics
- 5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Building & Construction
- 5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Consumer Goods & Appliances
- 5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Industrial
- 5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.7. Aerospace
- 5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.8. Medical
- 5.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.9. Others
- 5.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Engineering Plastics Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Engineering Plastics Market: Regional Movement Analysis, 2023 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Europe
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. Germany
- 6.4.4.1. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. France
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. UK
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7. Italy
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.1.1. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.1.2. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.1.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. China
- 6.5.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. India
- 6.5.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. Japan
- 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5. Australia
- 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Central & South America
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.1.1. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.1.2. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.2. Saudi Arabia
- 6.7.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.2.2. Market estimates and forecast, by resin type, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.2.3. Market estimates and forecast, by end-use, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and channel Partners
- 7.2.3. List of Potential Customers/End-users
- 7.3. Competitive Dynamics
- 7.3.1. Company Market Share Analysis & Market Positioning
- 7.3.2. Competitive Benchmarking
- 7.3.3. Strategy Mapping
- 7.3.4. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Participant's overview
- 7.4.2. Financial performance
- 7.4.3. Product benchmarking
- 7.4.3.1. Grand Pacific Petrochemical Corporation
- 7.4.3.2. Mitsubishi Engineering-Plastics Corporation
- 7.4.3.3. Wittenburg Group
- 7.4.3.4. Piper Plastics Corp
- 7.4.3.5. Chevron Phillips Chemical Company LLC
- 7.4.3.6. Daicel Corporation
- 7.4.3.7. Evonik Industries AG
- 7.4.3.8. Eastman Chemical Company
- 7.4.3.9. Ascend Performance Materials
- 7.4.3.10. Ravago
- 7.4.3.11. Teknor Apex
- 7.4.3.12. Trinseo LLC
- 7.4.3.13. Polyplastics Co., Ltd.
- 7.4.3.14. Ngai Hong Kong Company Ltd.
- 7.4.3.15. Ginar Technology Co., Ltd.