Engineering Plastics Market | Size | Overview (2018-2023)
Engineering Plastics Market - Segmented by Product Type (Fluoropolymers, Polyacetal/Polyoxymethylene, Polyamides, Polycarbonates, Polymethyl Methacrylate (PMMA),Polyphenylene Oxide (PPO/PPE Blends)), Application, and Geography - Growth, Trends and Forecasts (2018 - 2023)

PUBLISHED

MAR 2018

Engineering Plastics Market - Segmented by Product Type (Fluoropolymers, Polyacetal/Polyoxymethylene, Polyamides, Polycarbonates, Polymethyl Methacrylate (PMMA),Polyphenylene Oxide (PPO/PPE Blends)), Application, and Geography - Growth, Trends and Forecasts (2018 - 2023)

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Engineering Plastics Market

The global engineering plastics market was estimated at USD 89,893.90 million in 2017. The market is expected to register a CAGR of 4.99% during the forecast period, 2018 to 2023. PET dominated the global engineering plastics market with nearly 24% share globally, while the PEEK segment is estimated to register the fastest CAGR through the forecast period.               

Growing Popularity of Bio-based PET

PET is majorly used in the packaging industry, primarily for packaging of water (bottled), food, and alcoholic beverages. It is a downstream product of crude oils; but with growing environmental concerns and depleting oil reserves, engineering plastic manufacturers are shifting toward the development of bio-based PET. However, the bio-based PET market is still in its growth stage and is commercially available as a partially bio-based product. With increasing concerns about the reduction of carbon emissions, government and environmental agencies, such as US EPA and European Commission, are focusing on creating awareness regarding the usage and benefits of bio-based PET.

With the growing demand for engineering plastics, companies are developing products that can be used for new applications. Engineering plastic manufacturing companies, such as BASF, DowDuPont, and Bayer, are consistently engaged in R&D activities to develop products that are environment-friendly and comply with regulations. Furthermore, they have been investing in developing new technologies to continually enhance their competitive advantage in the industry.

Asia-Pacific Dominates the Engineering Plastics Market

Asia-Pacific has the largest share in the market, accounting for nearly 50% of the global market share in 2017. The market in Asia-Pacific is driven majorly by the increasing demand for engineering plastics by the end-user industries, including electrical & electronics and automotive & transportation. Also, with the increasing automotive production in the major economies of the region, the market for engineering plastics has benefitted to a great extent.

                   Engineering Plastics Market

China is the Largest Consumer

China is the largest producer and consumer of engineering plastics in the region. The demand for engineering plastics is increasing from various end-user sectors, including the electrical & electronics and the automotive & transportation sector in China. Automotive is one of the fastest growing sectors in developing economies like China due to the rise in disposable incomes among the population and various other factors. The abundant availability of raw materials and low cost of production are estimated to boost the demand for engineering plastics market in the country

Engineering Plastics Market Key Developments

  • February 2017: Asahi Kasei and Bluestar planned joint venture for mPPE business in China.
  • February 2017: Chemtura announced merger agreement with Lanxess. This merger is aimed at the expansion of its product portfolio.

Engineering Plastics Market Major Players: BASF SE, Solvay S.A., DowDuPont, SABIC, and DSM amongst others.

Reasons to Purchase Engineering Plastics Market Report

  • Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
  • Various market perspectives, with the help of Porter’s five forces analysis
  • Regions or countries that are expected to witness the fastest growth during the forecast period
  • Product segment, which is going to dominate the market over the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players
  • 3 months analyst support along with the Market Estimation sheet (In excel).

Customization of Engineering Plastics Market Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

1. Introduction

                1.1 Research Phases

                1.2 Study Deliverables

                1.3 Scope of the Report

2. Executive Summary

3. Engineering Plastics Market Insights

                3.1 Industry Value-Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

4. Engineering Plastics Market Dynamics

                4.1 Drivers

                                4.1.1 Growing Purchasing Power in the Developing Economies

                                4.1.2 Growing Popularity of Bio-Based PET

                                4.1.3 Engineering Plastics Replacing Traditional Materials

                4.2 Restraints

                                4.2.1 Lengthy And Exhaustive Process For Manufacturing Of Engineering Plastics

                                4.2.2 Other Restraints

                4.3 Opportunity

                                4.3.1 Innovative Product Applications

                                4.3.2 Increasing Usage in the Aerospace Industry

                                4.3.3 Accelerating Usage in Green Vehicles

5. Market Segmentation and Analysis (Market Size, Share, and Forecast)           

                5.1 By Product Type

                                5.1.1 Fluoropolymers

                                                5.1.1.1 Patent Snapshot

                                                5.1.1.2 Production Process Analysis

                                                5.1.1.3 Capacity Analysis

                                                                5.1.3.3.1 Polytetrafluoroethylene (PTFE)

                                                                5.1.3.3.2 Polyvinylidene Fluoride (PVDF)

                                                5.1.1.4 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.1.4.1 By Product Type (PTFE, PVDF, FEP, Others)

                                                                5.1.1.4.2 By Region & Country

                                                                5.1.1.4.3 By Application

                                5.1.2 Polyacetal/Polyoxymethylene

                                                5.1.2.1 Patent Snapshot

                                                5.1.2.2 Production Process Analysis

                                                5.1.2.3 Capacity Analysis

                                                5.1.2.4 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.2.4.1 By Region & Country

                                                                5.1.2.4.2 By Application

                                5.1.3 Polyamides

                                                5.1.3.1 Patent Snapshot

                                                5.1.3.2 Production Process Analysis

                                                5.1.3.3 Capacity Analysis

                                                                5.1.3.3.1 PA6

                                                                5.1.3.3.2 PA 66

                                                                5.1.3.3.3 PA 10, PA 11, PA 12  

                                                5.1.3.4 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.3.4.1 By Product Type (PA6, PA6,6, Specialty Polyamides)

                                                                5.1.3.4.2 By Region & Country

                                                                5.1.3.4.3 By Application

                                5.1.4 Polycarbonates

                                                5.1.4.1 Patent Snapshot

                                                5.1.4.2 Production Process Analysis

                                                5.1.4.3 Capacity Analysis

                                                5.1.4.4 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.4.4.1 By Region & Country

                                                                5.1.4.4.2 By Application

                                5.1.5 Polymethyl Methacrylate (PMMA)

                                                5.1.5.1 Patent Snapshot

                                                5.1.5.2 Production Process Analysis

                                                5.1.5.3 Capacity Analysis

                                                5.1.5.4 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.5.4.1 By Region & Country

                                                                5.1.5.4.2 By Application

                                5.1.6 Polyphenylene Oxide (PPO/PPE Blends)

                                                5.1.6.1 Patent Snapshot

                                                5.1.6.2 Production Process Analysis

                                                5.1.6.3 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.6.3.1 By Region & Country

                                                                5.1.6.3.2 By Application

                                5.1.7 Polyphenylene Sulfide (PPS)

                                                5.1.7.1 Patent Snapshot

                                                5.1.7.2 Production Process Analysis

                                                5.1.7.3 Capacity Analysis

                                                5.1.7.4 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.7.4.1 By Region & Country

                                                                5.1.7.4.2 By Application

                                5.1.8 Styrene Copolymers (ABS & SAN)

                                                5.1.8.1 Patent Snapshot

                                                5.1.8.2 Production Process Analysis

                                                5.1.8.3 Capacity Analysis

                                                                5.1.8.3.1 ABS

                                                                5.1.8.3.2 SAN

                                                5.1.8.4 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.8.4.1 By Region & Country

                                                                5.1.8.4.2 By Application

                                5.1.9 Polyethylene Terephthalate (PET)

                                                5.1.9.1 Patent Snapshot

                                                5.1.9.2 Production Process Analysis

                                                5.1.9.3 Capacity Analysis

                                                5.1.9.4 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.9.4.1 By Region & Country

                                                                5.1.9.4.2 By Application

                                5.1.10 Polybutylene Terephthalate (PBT)

                                                5.1.10.1 Patent Snapshot

                                                5.1.10.2 Production Process Analysis

                                                5.1.10.3 Capacity Analysis

                                                5.1.10.4 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.10.4.1 By Region & Country

                                                                5.1.10.4.2 By Application

                                5.1.11 Polyether Ether Ketone (PEEK)

                                                5.1.11.1 Patent Snapshot

                                                5.1.11.2 Production Process Analysis

                                                5.1.11.3 Capacity Analysis

                                                5.1.11.4 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.11.4.1 By Region & Country

                                                                5.1.11.4.2 By Application           

                                5.1.12 Polyimides (PI)

                                                5.1.12.1 Patent Snapshot

                                                5.1.12.2 Production Process Analysis

                                                5.1.12.3 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.12.3.1 By Region & Country

                                                                5.1.12.3.2 By Application

                                5.1.13 Liquid Crystal Polymers (LCP) 

                                                5.1.13.1 Patent Snapshot

                                                5.1.13.2 Production Process Analysis

                                                5.1.13.3 Capacity Analysis

                                                5.1.13.4 Segmentation and Analysis (Market Size, Share and Forecast - Volume & Revenue)

                                                                5.1.13.4.1 By Region & Country

                                                                5.1.13.4.2 By Application 

                5.2 By Application

                                5.2.1 Automotive & Transportation

                                5.2.2 Building and Construction

                                5.2.3 Consumer Goods

                                5.2.4 Electrical and Electronics

                                5.2.5 Industrial and Machinery

                                5.2.6 Packaging

                                5.2.7 Medical

6. Regional Market Analysis (Market Size, Share and Forecast)

                6.1 Asia-Pacific Engineering Plastics Market (2018-2023)

                                6.1.1 China Engineering Plastics Market (2018-2023)

                                6.1.2 India Engineering Plastics Market (2018-2023)

                                6.1.3 Japan Engineering Plastics Market (2018-2023)

                                6.1.4 South Korea Engineering Plastics Market (2018-2023)

                                6.1.5 Australia and New Zealand Engineering Plastics Market (2018-2023)

                                6.1.6 ASEAN Countries

                                6.1.7 Rest of Asia-Pacific

                6.2 North America Engineering Plastics Market (2018-2023)

                                6.2.1 United States Engineering Plastics Market (2018-2023)

                                6.2.2 Canada Engineering Plastics Market (2018-2023)

                                6.2.3 Mexico Engineering Plastics Market (2018-2023)

                                6.2.4 Rest of North America

                6.3 Europe Engineering Plastics Market (2018-2023)

                                6.3.1 Germany Engineering Plastics Market (2018-2023)

                                6.3.2 United Kingdom Engineering Plastics Market (2018-2023)

                                6.3.3 Italy Engineering Plastics Market (2018-2023)

                                6.3.4 France Engineering Plastics Market (2018-2023)

                                6.3.5 Russia Engineering Plastics Market (2018-2023)

                                6.3.6 NORDIC Countries

                                6.3.7 Netherlands Engineering Plastics Market (2018-2023)

                                6.3.8 Spain Engineering Plastics Market (2018-2023)

                                6.3.9 Rest of Europe

                6.4 South America Engineering Plastics Market (2018-2023)

                                6.4.1 Brazil Engineering Plastics Market (2018-2023)

                                6.4.2 Argentina Engineering Plastics Market (2018-2023)

                                6.4.3 Colombia Engineering Plastics Market (2018-2023)

                                6.4.4 Chile Engineering Plastics Market (2018-2023)

                                6.4.5 Rest of South America

                6.5 Middle East & Africa Engineering Plastics Market (2018-2023)

                                6.5.1 Saudi Arabia Engineering Plastics Market (2018-2023)

                                6.5.2 South Africa Engineering Plastics Market (2018-2023)

                                6.5.3 Qatar Engineering Plastics Market (2018-2023)

                                6.5.4 Rest of Middle East & Africa

7. Future of the Engineering Plastics Market 

8. Competitive Landscape

                8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

                8.2 Market Share Analysis**

                8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

                9.1 A. Schulman, Inc.

                9.2 Advan Six Inc.,

                9.3 Arkema

                9.4 Asahi Kasei Corporation

                9.5 Ashland Corporation

                9.6 BASF SE

                9.7 Celanese Corporation

                9.8 Chemtura Corporation

                9.9 Chi Mei Corporation

                9.10 Chevron Phillips Chemical Company

                9.11 Covestro

                9.12 Daicel Corporation

                9.13 DowDuPont

                9.14 Dyneon LLC

                9.15 Eastman Chemical Company

                9.16 Evonik Industries AG

                9.17 Grand Pacific Petrochemical Corporation

                9.18 Ineos

                9.19 Lanxess

                9.20 LG Chem

                9.21 Mitsubishi Engineering-Plastics Corporation

                9.22 Nova Chemicals Corporation

                9.23 Polyone

                9.24 POLYPLASTICS CO., LTD.

                9.25 Rochling group

                9.26 DSM

                9.27 SABIC

                9.28 SOLVAY

                9.29 TINSEO

                9.30 TEIJIN Limited

                *List not exhaustive

10. Disclaimer

**Subject to availability on public domain

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