Engineering Plastics World Market Report 2024: Market Trends and Growth Projections to 2029

DUBLIN, March 14, 2024 /PRNewswire/ -- The "Engineering Plastics World Market Report" report has been added to ResearchAndMarkets.com's offering.

The engineering plastics sector plays a pivotal role in various industries, spanning automotive, electronics, appliances, construction, healthcare, and more. Its robust growth is fueled by the relentless pursuit of high-performance materials that offer durability, versatility, and enhanced mechanical properties. Electrical & electronics sector is the leading consumer of engineering plastics worldwide with an estimated market share of 26.5% in 2023, followed closely by automotive & transportation estimated at 22.5%, and appliances sector with a corresponding share of 20%.

The report reveals that the Asia-Pacific is the largest market, as well as the fastest growing global volume market for engineering plastics, projected to reach 24 million metric tons valued at US$56 billion by 2029 from an estimated 19 million metric tons (69% share) valued at US$43 billion in 2023 to reflect a 2023-2029 CAGR of 4.2%.

This world market compendium focuses at a high-level analysis of the Engineering Plastics market in terms of volume in metric tons and value in US$ for historical/current trends and forecast by Plastic Type - Styrene Copolymers (Acrylonitrile Butadiene Styrene (ABS) and Styrene Acrylonitrile (SAN)), Polycarbonate (PC), Polyamides (PA6, PA66), Polymethyl Methacrylate (PMMA), Polyacetal/Polyoxymethylene (POM), Polybutylene Terephthalate (PBT) and Modified Polyphenylene Ether / Polyphenylene Oxide (mPPE/PPO); End-use Sector - Automotive & Transportation, Electrical & Electronics, Building & Construction, Appliances, Consumer Goods and Others (including medical, industrial and packaging among other smaller applications); and Geographic Region - North America, Europe, Asia-Pacific, South America and Rest of World.

Engineering plastics, also known as Engineering thermoplastics or technical plastics, are a group of plastic materials that exhibit exceptional mechanical, thermal, chemical, and electrical properties. Unlike commodity plastics, which are used for general purposes, engineering plastics are designed for specific applications that demand enhanced performance in challenging environments. These materials are often chosen for their strength, durability, heat resistance, and other specialized characteristics.

This report analyzes the market for Engineering Plastics at high level by plastic type, end-use sector and geographic region. The market is studied for historical/current trends and future forecast in terms of volume in metric tons value in US$ for 2019, 2023 and 2028.

Report Segmentation

Plastic Types

• Styrene Copolymers (Acrylonitrile Butadiene Styrene (ABS) and Styrene Acrylonitrile (SAN))
• Polycarbonate (PC)
• Polyamides (PA6, PA66)
• Polymethyl Methacrylate (PMMA)
• Polyacetal/Polyoxymethylene (POM)
• Polybutylene Terephthalate (PBT)
• Modified Polyphenylene Ether / Polyphenylene Oxide (mPPE/PPO)

End-use Sectors

• Automotive & Transportation
• Electrical & Electronics
• Building & Construction
• Appliances
• Consumer Goods
• Others (including medical, industrial and packaging among other smaller applications)

Geographic Regions

• North America
• Europe
• Asia-Pacific
• South America
• Rest of World

This report provides the estimates and forecast for Engineering Plastics market. The study also provides the key market developments and a list of major players in this market that are cited.Key Topics Covered:

1. MARKET SEGMENTATION

• Plastic Types
• End-use Sectors
• Geographic Regions

2. WORLD MARKET COMPENDIUM

• Market Trends and Outlook
• Engineering Plastics Market Growth Drivers
• COVID-19 Pandemic and Inflation: Impact on Engineering Plastics Industry
• Market Demand by Geographic Region
• Market Demand by Plastic Type
• Market Demand by End-use Sector

3. REGIONAL MARKET COMPENDIUM

4. INDUSTRY LANDSCAPE

• Global Engineering Plastics Production Capacity
• Major Players

5. DATA SOURCES AND RESEARCH METHODOLOGY

Companies Mentioned

• Asahi Kasei
• Ascend Performance Materials
• BASF SE
• Celanese
• CHIMEI
• Covestro 
• Delrin USA
• Domo Chemicals Services
• EMS-CHEMIE
• Envalior GmbH
• Formosa Plastics Group
• Global Polyacetal Co.
• INEOS Styrolution Group
• Invista
• Keyuan Holding Group Co.
• Korea Engineering Plastics Co.
• Kuraray Co.
• LG Chem
• Liaoning Kingfa Advanced Materials Co.
• Lotte Chemical
• Mitsubishi Chemical
• Mitsubishi Engineering Plastics
• Petrochina Company
• Polyplastics Co.
• Rohm
• Saudi Basic Industries Corporation (SABIC)
• Sinochem Holdings Corporation
• Styrenix Performance Materials
• Sumitomo Chemical Co 
• Toray Industries
• Trinseo
• UBE Corporation
• Versalis SpA
• Yunnan Yuntianhua Co 

For more information about this report visit https://www.researchandmarkets.com/r/wswyg2

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected] 
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo; https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets