Global Engineering Plastics Market

Description

Market Overview

The global engineering plastics market reached US$ 76490.64 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 120328.11 million by 2030. The market is expected to exhibit a CAGR of 6.87% during the forecast period (2023-2030).

Engineering plastics are finding more applications in the automotive sector owing to their applications such as lightweight, design flexibility, and many more which boost the market share of engineering plastics. Moreover, these plastics can reduce the weight of automobiles by 40%. Continuous use of engineering plastics in automotive manufacturing contributes to raising the market demand.

Furthermore, emerging economies such as China, India, and Brazil are experiencing rapid industrialization and urbanization, leading to an increase in demand for engineering plastics in various applications such as automotive and construction.

Market Dynamics

Increasing Demand For Lightweight And High-Performance Materials

In the aerospace industry, the demand for lightweight materials is driven by the need to reduce the weight of aircraft, leading to improved fuel efficiency and reduced operating costs. Materials, such as carbon fiber composites, titanium alloys, and aluminum, are widely used in aerospace applications due to their lightweight and high-strength properties. Furthermore, lightweight materials can also improve the performance and safety of aircraft, leading to increased demand for these materials.

The consumer goods industry is also driving the demand for lightweight and high-performance materials. For instance, the use of engineering plastics in electronics, appliances, and sports equipment can reduce the weight of these products, making them more portable and user-friendly. Additionally, lightweight materials can enhance the performance and durability of these products, leading to increased demand.

The Volatility of Raw Material Prices

The volatility of raw material prices is a significant factor that is hampering the growth of the engineering materials market, as it can lead to higher production costs, reduced demand, and limited investment in the industry.

Moreover, the volatility of raw material prices can make it difficult for companies in the engineering materials market to plan and forecast their production costs and profits. This can lead to uncertainty and risk aversion, which may limit investment in the market and hinder its growth.

COVID-19 Impact Analysis

The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global engineering plastics market is segmented based on type, end-user and region.

The Growing Demand For Low-Cost, High-Strength, And Excellent Chemical-Resistant Material

Polyethylene in the engineering plastics market holds the largest market share covering nearly 50% at the global level. The cost-effectiveness of the material is the primary market driving factor. Polyethylene is a cost-effective material compared to other engineering plastics, making it an attractive option for manufacturers across various industries. It is one of the most affordable polymers, making it accessible to a wide range of applications.

Furthermore, polyethylene offers excellent versatility in terms of its properties, making it ideal for use in different applications. It is available in various grades, such as high-density polyethylene (HDPE) and low-density polyethylene (LDPE), which have different properties and can be tailored to meet specific requirements.

Geographical Analysis

Asia-Pacific's Strong Manufacturing Base For Engineering Plastics

Asia-Pacific holds the highest market share in the global engineering plastics market. Asia-Pacific has a strong manufacturing base, which has led to the growth of various industries, including automotive, construction, and electronics. The availability of a skilled workforce, low labor costs, and favorable government policies have attracted several manufacturers to the region, leading to increased demand for engineering plastics.

Competitive Landscape

The major global players in the market include: BASF SE, Covestro, Celanese Corporation, Du Pont, Solvay SA, LG Chem, Sabic, Evonik Industries AG, Lanxess AG and Mitsubishi Engineering-Plastics Corporation.

Why Purchase the Report?

To visualize the global engineering plastics market segmentation based on type, end-user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of engineering plastics market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping is available in Excel consisting of key products of all the major players.

The global engineering plastics market report would provide approximately 53 tables, 59 figures and 206 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

Product Code: MA374

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by End-User
3.3. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Increasing demand for lightweight and high-performance materials
- 4.1.2. Restraints
  - 4.1.2.1. The Volatility of Raw Material Prices
- 4.1.3. Opportunity
  - 4.1.3.1. Technological Advancements
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Forces Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Post COVID-19 or Future Scenario
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
7.2. Polyethylene*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.2.3. Low-Density Polyethylene (LDPE)
- 7.2.4. Medium Density Polyethylene (MDPE)
- 7.2.5. High-Density Polyethylene (HDPE)
7.3. Polycarbonate
7.4. Polyester
7.5. Polypropylene
7.6. Polyurethane
7.7. Polyvinylchloride (PVC)
7.8. Polyamides
7.9. Acrylonitrile Butadiene Styrene (ABS)
7.10. Nylon
7.11. Polyethylene terephthalate (PET)
7.12. Others

8. By End-User

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 8.1.2. Market Attractiveness Index, By End-User
8.2. Automotive*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Consumer Electronics
8.4. Electrical and Electronics
8.5. Packaging Industry
8.6. Medical Applications
8.7. Construction Industry
8.8. Machine Engineering
8.9. Others

9. By Region

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.2.5.1. The U.S.
  - 9.2.5.2. Canada
  - 9.2.5.3. Mexico
9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.3.5.1. Germany
  - 9.3.5.2. The U.K.
  - 9.3.5.3. France
  - 9.3.5.4. Italy
  - 9.3.5.5. Russia
  - 9.3.5.6. Rest of Europe
9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.4.5.1. Brazil
  - 9.4.5.2. Argentina
  - 9.4.5.3. Rest of South America
9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.5.5.1. China
  - 9.5.5.2. India
  - 9.5.5.3. Japan
  - 9.5.5.4. Australia
  - 9.5.5.5. Rest of Asia-Pacific
9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application

10. Competitive Landscape

10.1. Competitive Scenario
10.2. Market Positioning/Share Analysis
10.3. Mergers and Acquisitions Analysis

11. Company Profiles

11.1. BASF SE *
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
11.2. Covestro
11.3. Celanese Corporation
11.4. Du Pont
11.5. Solvay SA
11.6. LG Chem
11.7. Sabic
11.8. Evonik Industries AG
11.9. Lanxess AG
11.10. Mitsubishi Engineering-Plastics Corporation

LIST NOT EXHAUSTIVE

12. Appendix

12.1. About Us and Services
12.2. Contact Us

Global Engineering Plastics Market - 2023-2030