Engineering Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global engineering plastics market reached a value of US$ 104.4 Billion in 2021. Looking forward, the analyst expects the market to reach US$ 167.5 Billion by 2027, exhibiting a CAGR of 7.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Engineering plastics are generally used to manufacture mechanical parts, containers and packaging substances. They are extensively utilized as a preferred alternative to metal and ceramics due to their lightweight property. Additionally, they provide excellent load capacity, mechanical strength, thermal stability and durability while offering designing flexibility. Some of the commonly used engineering plastics variants include polyamides (PA), polycarbonates (PC), nylon 6, acrylonitrile butadiene styrene (ABS) and polysulphone (PSU). They are widely utilized in the manufacturing of car bumpers, dashboard trims, ski boots, helmets and optical discs across multiple sectors.

Engineering Plastics Market Trends:
The global market is primarily driven by the rising preference for lightweight automobiles among the masses. Along with this, the widespread adoption of engineering plastic in the production of several vehicle components is providing an impetus to the market growth across the globe. Moreover, increasing investments by private and public agencies in infrastructural development projects have led to the rising utilization of polyvinyl chloride (PVC) pipes for water supply systems, which is providing a boost to the uptake of engineering plastics. These plastics are also extensively used across the healthcare industry for packaging medical equipment and manufacturing medical implants, which is catalyzing the market growth across the globe. Furthermore, the rising usage of engineering plastics for manufacturing consumer electronics is acting as another major growth-inducing factor on the global level. Some of the other factors contributing to the market growth include continual product innovations and extensive research and development (R&D) activities conducted by key players.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global engineering plastics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, performance parameter and application.

Breakup by Type:
Polyamide
ABS
Thermoplastic Polyesters
Polycarbonates
Polyacetals
Fluoropolymers
Others

Breakup by Performance Parameter:
High Performance
Low Performance

Breakup by Application:
Packaging
Building and Construction
Electrical and Electronics
Automotive
Consumer Products
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, AdvanSix, Arkema S.A., Avient Corporation, BASF SE, Celanese Corporation, Daicel Corporation, DuPont de Nemours Inc., Eastman Chemical Company, Ineos Limited, LANXESS Aktiengesellschaft and Solvay S.A.

Key Questions Answered in This Report:
How has the global engineering plastics market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global engineering plastics market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the performance parameter?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global engineering plastics market and who are the key players?
What is the degree of competition in the industry?