India Engineering Plastics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

The India Engineering Plastics Market is segmented by End User Industry (Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging) and by Resin Type (Fluoropolymer, Liquid Crystal Polymer (LCP), Polyamide (PA), Polybutylene Terephthalate (PBT), Polycarbonate (PC), Polyether Ether Ketone (PEEK), Polyethylene Terephthalate (PET), Polyimide (PI), Polymethyl Methacrylate (PMMA), Polyoxymethylene (POM), Styrene Copolymers (ABS and SAN)). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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India Engineering Plastics Market Size

India Engineering Plastics Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 4.36 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 6.26 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Packaging
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 7.49 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User Industry Electrical and Electronics

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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India Engineering Plastics Market Analysis

The India Engineering Plastics Market size is estimated at 4.36 billion USD in 2024, and is expected to reach 6.26 billion USD by 2029, growing at a CAGR of 7.49% during the forecast period (2024-2029).

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4.36 Billion

Market Size in 2024 (USD)

6.26 Billion

Market Size in 2029 (USD)

5.32 %

CAGR (2017-2023)

7.49 %

CAGR (2024-2029)

Largest Market by End-user Industry

27.35 %

value share, Packaging, 2023

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Due to the wide range of applications, including bottles, jars, and containers, specifically in the food and beverage industry, the packaging segment occupied the major share.

Fastest Growing Market by End-user Industry

9.58 %

Projected CAGR, Electrical and Electronics, 2024-2029

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The electronics industry is expected to witness the fastest growth due to the properties of engineering plastics, such as lightweight, higher flexibility, and good fire resistivity.

Largest Market by Resin Type

25.96 %

value share, Polyethylene Terephthalate (PET), 2023

With widespread applications in the packaging industry and the rising demand for PET sheets and films, PET resin is the most used engineering plastic in the country.

Fastest Growing Market by Resin Type

10.08 %

Projected CAGR, Liquid Crystal Polymer (LCP), 2024-2029

Due to the increasing applications in the electronics industry, LCP resin is expected to witness the fastest growth.

Leading Market Player

28.10 %

market share, Reliance Industries Limited, 2022

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In 2022, with the largest production capacity of around 870 kilotons per year of PET resin in India, the company held the largest market share. Reliance offers various grades for bottles and sheets.

Packaging industry to remain dominant during the forecast period

  • Engineering plastics have applications ranging from interior wall panels and doors in aerospace to rigid and flexible packaging. The engineering plastics market in India is led by industries such as packaging, electrical and electronics, and automotive. Packaging and electrical and electronics accounted for the highest market revenue shares of 27.58% and 21.10%, respectively, in 2022.
  • Packaging holds the largest share of India's engineering plastics market. The packaging industry in India is flourishing in second-tier cities due to the demand for plastic packaging in launching new products. Domestic and foreign firms are adopting strategies such as joint ventures and partnerships that positively impact market growth. The growth is also primarily driven by the low cost and flexibility of the resins, which also maintain a low-carbon footprint on the environment. India's plastic packaging production had a volume of 4.16 million tons in 2022 from 4 million tons in 2021, at a Y-o-Y growth of 3.97% by volume.
  • The electrical and electronics industry is India's most rapidly expanding sector, with the electronics segment contributing approximately 3.4% to the country's GDP in 2021. The government has outlined a strategy to promote the electronics industry and increase its value to USD 17 billion through four PLI (production-linked incentive) schemes for smartphones, semiconductors, design, and IT software and hardware components over the next few years. India's export of electronic goods stood at USD 2,009.07 million in September 2022, with an increase of 71.99% Y-o-Y. These factors are expected to impetus the growth of engineering plastics in the electronics industry, registering a CAGR of 9.42%, by value, over the forecast period in India.
India Engineering Plastics Market

India Engineering Plastics Market Trends

Regulatory support by the government to play key role in industry growth

  • India witnessed an increase in electrical and electronics revenue by 19.6% from 2020 to 2021.​ The electronics manufacturing industry's production grew from a value of USD 37.1 billion in 2015-16 to USD 67.3 billion in 2020-21. However, COVID-19-related disruptions impacted the growth trajectory in 2020-21 and led to a decline in output.​
  • India's export of electronic goods stood at USD 2,009.07 million in September 2022, an increase of 71.99% Y-o-Y. Mobile phones, IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics, and auto electronics are key export products in this sector. The Ministry of Electronics & IT estimates that India's electronics industry exports are expected to reach a value of USD 120 billion by 2026. The United States is the largest importer of India's electronic exports, followed by the United Arab Emirates, accounting for 18% and 17% of the overall exports, respectively. Mobile phone exports from India find significant markets in South Asia, Africa, and the Middle East, making them key importing regions for these products.​
  • With the growing need for electronic goods, the government launched production-linked incentives (PLI), Manufacturing of Electronic Components and Semiconductors (SPECS), Modified Electronic Manufacturing Clusters (EMC 2.0), etc., to promote the country's electronic goods industry. The country's electronics industry is expected to reach a value of USD 300 billion by 2025-26 from USD 75 billion in 2020-21. India's electronics sector has the potential to become one of the top exporting sectors of India in the next 3-5 years due to the development and increase in the market share of the Indian business process outsourcing (BPO) industry.
India Engineering Plastics Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Rapid growth in civil aviation to drive aerospace component production
  • Steady growth in domestic and foreign investments to propel growth
  • India to remain import-dependent due to low domestic resin manufacturing capacity
  • India waste management rises from 18% in 2014 to 70% in2021 with growth in polyamide recycling rate
  • India had a recycling rate of 90% in 2020 with total PET waste accounting for 4.35 million tons
  • Supportive government policies for electric vehicles to boost automotive production
  • Evolving packaging trends to create demand for plastic packaging solutions
  • Resin prices to remain influenced by crude oil prices in the international market
  • The demand for PC resin is expected to reach 0.36 million tons by 2029, producing more recycled polycarbonate in the upcoming years
  • India is expected to generate over 161 million tons of WEEE by 2050 which could be an opportunity for manufacturers to produce R-ABS

India Engineering Plastics Industry Overview

The India Engineering Plastics Market is fairly consolidated, with the top five companies occupying 85.39%. The major players in this market are Chiripal Poly Film, INEOS, IVL Dhunseri Petrochem Industries Private Limited (IDPIPL), JBF Industries Ltd and Reliance Industries Limited (sorted alphabetically).

India Engineering Plastics Market Leaders

  1. Chiripal Poly Film

  2. INEOS

  3. IVL Dhunseri Petrochem Industries Private Limited (IDPIPL)

  4. JBF Industries Ltd

  5. Reliance Industries Limited

India Engineering Plastics Market Concentration

Other important companies include Bhansali Engineering Polymers Limited, DuPont, Ester Industries Limited, Gujarat Fluorochemicals Limited (GFL), Gujarat State Fertilizers & Chemicals Limited (GSFC), Hindustan Fluorocarbons Limited., LANXESS, Mitsubishi Chemical Corporation, Polyplex, Solvay.

*Disclaimer: Major Players sorted in alphabetical order.

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India Engineering Plastics Market News

  • September 2022: LANXESS introduced a sustainable polyamide resin, Durethan ECO, which consists of recycled fibers made from waste glass to reduce its carbon footprint.
  • September 2022: LANXESS introduced Pocan E, a new polybutylene terephthalate (PBT) compound with excellent tracking resistance that is particularly suited to applications in e-mobility and the electrical and electronics industry.
  • August 2022: INEOS announced the introduction of an extension to its high-performance Novodur line of specialty ABS products. The new Novodur E3TZ is an extrusion grade that is suitable for a variety of applications, including food trays, sanitary applications, and suitcases.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

India Engineering Plastics Market
India Engineering Plastics Market
India Engineering Plastics Market
India Engineering Plastics Market

India Engineering Plastics Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Electrical and Electronics

      5. 2.1.5. Packaging

    2. 2.2. Import And Export Trends

    3. 2.3. Price Trends

    4. 2.4. Recycling Overview

      1. 2.4.1. Polyamide (PA) Recycling Trends

      2. 2.4.2. Polycarbonate (PC) Recycling Trends

      3. 2.4.3. Polyethylene Terephthalate (PET) Recycling Trends

      4. 2.4.4. Styrene Copolymers (ABS and SAN) Recycling Trends

    5. 2.5. Regulatory Framework

      1. 2.5.1. India

    6. 2.6. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Building and Construction

      4. 3.1.4. Electrical and Electronics

      5. 3.1.5. Industrial and Machinery

      6. 3.1.6. Packaging

      7. 3.1.7. Other End-user Industries

    2. 3.2. Resin Type

      1. 3.2.1. Fluoropolymer

        1. 3.2.1.1. By Sub Resin Type

          1. 3.2.1.1.1. Ethylenetetrafluoroethylene (ETFE)

          2. 3.2.1.1.2. Fluorinated Ethylene-propylene (FEP)

          3. 3.2.1.1.3. Polytetrafluoroethylene (PTFE)

          4. 3.2.1.1.4. Polyvinylfluoride (PVF)

          5. 3.2.1.1.5. Polyvinylidene Fluoride (PVDF)

          6. 3.2.1.1.6. Other Sub Resin Types

      2. 3.2.2. Liquid Crystal Polymer (LCP)

      3. 3.2.3. Polyamide (PA)

        1. 3.2.3.1. By Sub Resin Type

          1. 3.2.3.1.1. Aramid

          2. 3.2.3.1.2. Polyamide (PA) 6

          3. 3.2.3.1.3. Polyamide (PA) 66

          4. 3.2.3.1.4. Polyphthalamide

      4. 3.2.4. Polybutylene Terephthalate (PBT)

      5. 3.2.5. Polycarbonate (PC)

      6. 3.2.6. Polyether Ether Ketone (PEEK)

      7. 3.2.7. Polyethylene Terephthalate (PET)

      8. 3.2.8. Polyimide (PI)

      9. 3.2.9. Polymethyl Methacrylate (PMMA)

      10. 3.2.10. Polyoxymethylene (POM)

      11. 3.2.11. Styrene Copolymers (ABS and SAN)

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. Bhansali Engineering Polymers Limited

      2. 4.4.2. Chiripal Poly Film

      3. 4.4.3. DuPont

      4. 4.4.4. Ester Industries Limited

      5. 4.4.5. Gujarat Fluorochemicals Limited (GFL)

      6. 4.4.6. Gujarat State Fertilizers & Chemicals Limited (GSFC)

      7. 4.4.7. Hindustan Fluorocarbons Limited.

      8. 4.4.8. INEOS

      9. 4.4.9. IVL Dhunseri Petrochem Industries Private Limited (IDPIPL)

      10. 4.4.10. JBF Industries Ltd

      11. 4.4.11. LANXESS

      12. 4.4.12. Mitsubishi Chemical Corporation

      13. 4.4.13. Polyplex

      14. 4.4.14. Reliance Industries Limited

      15. 4.4.15. Solvay

  7. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, INDIA, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, INDIA, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, INDIA, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, INDIA, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, INDIA, 2017 - 2029
  1. Figure 6:  
  2. IMPORT REVENUE OF ENGINEERING PLASTICS BY RESIN TYPE, USD, INDIA, 2017 - 2021
  1. Figure 7:  
  2. EXPORT REVENUE OF ENGINEERING PLASTICS BY RESIN TYPE, USD, INDIA, 2017 - 2021
  1. Figure 8:  
  2. PRICE OF ENGINEERING PLASTICS BY RESIN TYPE, USD PER KG, INDIA, 2017 - 2021
  1. Figure 9:  
  2. VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 10:  
  2. VALUE OF ENGINEERING PLASTICS CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 11:  
  2. VOLUME OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, TONS, INDIA, 2017 - 2029
  1. Figure 12:  
  2. VALUE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, USD, INDIA, 2017 - 2029
  1. Figure 13:  
  2. VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, INDIA, 2017, 2023, AND 2029
  1. Figure 14:  
  2. VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, INDIA, 2017, 2023, AND 2029
  1. Figure 15:  
  2. VOLUME OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, TONS, INDIA, 2017 - 2029
  1. Figure 16:  
  2. VALUE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, USD, INDIA, 2017 - 2029
  1. Figure 17:  
  2. VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY BY RESIN TYPE, %, INDIA, 2022 VS 2029
  1. Figure 18:  
  2. VOLUME OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, INDIA, 2017 - 2029
  1. Figure 19:  
  2. VALUE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, INDIA, 2017 - 2029
  1. Figure 20:  
  2. VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY BY RESIN TYPE, %, INDIA, 2022 VS 2029
  1. Figure 21:  
  2. VOLUME OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, INDIA, 2017 - 2029
  1. Figure 22:  
  2. VALUE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, INDIA, 2017 - 2029
  1. Figure 23:  
  2. VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY RESIN TYPE, %, INDIA, 2022 VS 2029
  1. Figure 24:  
  2. VOLUME OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, INDIA, 2017 - 2029
  1. Figure 25:  
  2. VALUE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, INDIA, 2017 - 2029
  1. Figure 26:  
  2. VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY RESIN TYPE, %, INDIA, 2022 VS 2029
  1. Figure 27:  
  2. VOLUME OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, INDIA, 2017 - 2029
  1. Figure 28:  
  2. VALUE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, INDIA, 2017 - 2029
  1. Figure 29:  
  2. VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY RESIN TYPE, %, INDIA, 2022 VS 2029
  1. Figure 30:  
  2. VOLUME OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, TONS, INDIA, 2017 - 2029
  1. Figure 31:  
  2. VALUE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, USD, INDIA, 2017 - 2029
  1. Figure 32:  
  2. VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY BY RESIN TYPE, %, INDIA, 2022 VS 2029
  1. Figure 33:  
  2. VOLUME OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, INDIA, 2017 - 2029
  1. Figure 34:  
  2. VALUE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, INDIA, 2017 - 2029
  1. Figure 35:  
  2. VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY RESIN TYPE, %, INDIA, 2022 VS 2029
  1. Figure 36:  
  2. VOLUME OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, TONS, INDIA, 2017 - 2029
  1. Figure 37:  
  2. VALUE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, USD, INDIA, 2017 - 2029
  1. Figure 38:  
  2. VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, INDIA, 2017, 2023, AND 2029
  1. Figure 39:  
  2. VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, INDIA, 2017, 2023, AND 2029
  1. Figure 40:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, INDIA, 2017 - 2029
  1. Figure 41:  
  2. VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, INDIA, 2017 - 2029
  1. Figure 42:  
  2. VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, INDIA, 2017, 2023, AND 2029
  1. Figure 43:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, INDIA, 2017, 2023, AND 2029
  1. Figure 44:  
  2. VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 45:  
  2. VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 46:  
  2. VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 47:  
  2. VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 48:  
  2. VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 49:  
  2. VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 50:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 51:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 52:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 53:  
  2. VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 54:  
  2. VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 55:  
  2. VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 56:  
  2. VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 57:  
  2. VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 58:  
  2. VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 59:  
  2. VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 60:  
  2. VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 61:  
  2. VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 62:  
  2. VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 63:  
  2. VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 64:  
  2. VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 65:  
  2. VOLUME OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, TONS, INDIA, 2017 - 2029
  1. Figure 66:  
  2. VALUE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, USD, INDIA, 2017 - 2029
  1. Figure 67:  
  2. VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, INDIA, 2017, 2023, AND 2029
  1. Figure 68:  
  2. VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, INDIA, 2017, 2023, AND 2029
  1. Figure 69:  
  2. VOLUME OF ARAMID CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 70:  
  2. VALUE OF ARAMID CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 71:  
  2. VALUE SHARE OF ARAMID CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 72:  
  2. VOLUME OF POLYAMIDE (PA) 6 CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 73:  
  2. VALUE OF POLYAMIDE (PA) 6 CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 74:  
  2. VALUE SHARE OF POLYAMIDE (PA) 6 CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 75:  
  2. VOLUME OF POLYAMIDE (PA) 66 CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 76:  
  2. VALUE OF POLYAMIDE (PA) 66 CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 77:  
  2. VALUE SHARE OF POLYAMIDE (PA) 66 CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 78:  
  2. VOLUME OF POLYPHTHALAMIDE CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 79:  
  2. VALUE OF POLYPHTHALAMIDE CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 80:  
  2. VALUE SHARE OF POLYPHTHALAMIDE CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 81:  
  2. VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 82:  
  2. VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 83:  
  2. VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 84:  
  2. VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 85:  
  2. VALUE OF POLYCARBONATE (PC) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 86:  
  2. VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 87:  
  2. VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 88:  
  2. VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 89:  
  2. VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 90:  
  2. VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 91:  
  2. VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 92:  
  2. VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 93:  
  2. VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 94:  
  2. VALUE OF POLYIMIDE (PI) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 95:  
  2. VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 96:  
  2. VOLUME OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 97:  
  2. VALUE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 98:  
  2. VALUE SHARE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 99:  
  2. VOLUME OF POLYOXYMETHYLENE (POM) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 100:  
  2. VALUE OF POLYOXYMETHYLENE (POM) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 101:  
  2. VALUE SHARE OF POLYOXYMETHYLENE (POM) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 102:  
  2. VOLUME OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, TONS, INDIA, 2017 - 2029
  1. Figure 103:  
  2. VALUE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, USD, INDIA, 2017 - 2029
  1. Figure 104:  
  2. VALUE SHARE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED BY END USER INDUSTRY, %, INDIA, 2022 VS 2029
  1. Figure 105:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, INDIA, 2019 - 2021
  1. Figure 106:  
  2. MOST ADOPTED STRATEGIES, COUNT, INDIA, 2019 - 2021
  1. Figure 107:  
  2. PRODUCTION CAPACITY SHARE OF ENGINEERING PLASTICS BY MAJOR PLAYERS, %, INDIA, 2022
  1. Figure 108:  
  2. PRODUCTION CAPACITY SHARE OF FLUOROPOLYMER BY MAJOR PLAYERS, %, INDIA, 2022
  1. Figure 109:  
  2. PRODUCTION CAPACITY SHARE OF POLYAMIDE (PA) BY MAJOR PLAYERS, %, INDIA, 2022
  1. Figure 110:  
  2. PRODUCTION CAPACITY SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) BY MAJOR PLAYERS, %, INDIA, 2022
  1. Figure 111:  
  2. PRODUCTION CAPACITY SHARE OF POLYETHER ETHER KETONE (PEEK) BY MAJOR PLAYERS, %, INDIA, 2022
  1. Figure 112:  
  2. PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, INDIA, 2022
  1. Figure 113:  
  2. PRODUCTION CAPACITY SHARE OF STYRENE COPOLYMERS (ABS AND SAN) BY MAJOR PLAYERS, %, INDIA, 2022

India Engineering Plastics Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Fluoropolymer, Liquid Crystal Polymer (LCP), Polyamide (PA), Polybutylene Terephthalate (PBT), Polycarbonate (PC), Polyether Ether Ketone (PEEK), Polyethylene Terephthalate (PET), Polyimide (PI), Polymethyl Methacrylate (PMMA), Polyoxymethylene (POM), Styrene Copolymers (ABS and SAN) are covered as segments by Resin Type.

  • Engineering plastics have applications ranging from interior wall panels and doors in aerospace to rigid and flexible packaging. The engineering plastics market in India is led by industries such as packaging, electrical and electronics, and automotive. Packaging and electrical and electronics accounted for the highest market revenue shares of 27.58% and 21.10%, respectively, in 2022.
  • Packaging holds the largest share of India's engineering plastics market. The packaging industry in India is flourishing in second-tier cities due to the demand for plastic packaging in launching new products. Domestic and foreign firms are adopting strategies such as joint ventures and partnerships that positively impact market growth. The growth is also primarily driven by the low cost and flexibility of the resins, which also maintain a low-carbon footprint on the environment. India's plastic packaging production had a volume of 4.16 million tons in 2022 from 4 million tons in 2021, at a Y-o-Y growth of 3.97% by volume.
  • The electrical and electronics industry is India's most rapidly expanding sector, with the electronics segment contributing approximately 3.4% to the country's GDP in 2021. The government has outlined a strategy to promote the electronics industry and increase its value to USD 17 billion through four PLI (production-linked incentive) schemes for smartphones, semiconductors, design, and IT software and hardware components over the next few years. India's export of electronic goods stood at USD 2,009.07 million in September 2022, with an increase of 71.99% Y-o-Y. These factors are expected to impetus the growth of engineering plastics in the electronics industry, registering a CAGR of 9.42%, by value, over the forecast period in India.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Resin Type
Fluoropolymer
By Sub Resin Type
Ethylenetetrafluoroethylene (ETFE)
Fluorinated Ethylene-propylene (FEP)
Polytetrafluoroethylene (PTFE)
Polyvinylfluoride (PVF)
Polyvinylidene Fluoride (PVDF)
Other Sub Resin Types
Liquid Crystal Polymer (LCP)
Polyamide (PA)
By Sub Resin Type
Aramid
Polyamide (PA) 6
Polyamide (PA) 66
Polyphthalamide
Polybutylene Terephthalate (PBT)
Polycarbonate (PC)
Polyether Ether Ketone (PEEK)
Polyethylene Terephthalate (PET)
Polyimide (PI)
Polymethyl Methacrylate (PMMA)
Polyoxymethylene (POM)
Styrene Copolymers (ABS and SAN)
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Market Definition

  • End-user Industry - Packaging, Electrical & Electronics, Automotive, Building & Construction, and Others are the end-user industries considered under the engineering plastics market.
  • Resin - Under the scope of the study, consumption of virgin resins like Fluoropolymer, Polycarbonate, Polyethylene Terephthalate, Polybutylene Terephthalate, Polyoxymethylene, Polymethyl Methacrylate, Styrene Copolymers, Liquid Crystal Polymer, Polyether Ether Ketone, Polyimide, and Polyamide in the primary forms are considered. Recycling has been provided separately under its individual chapter.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
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Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
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India Engineering Plastics Market Research FAQs

The India Engineering Plastics Market size is expected to reach USD 4.36 billion in 2024 and grow at a CAGR of 7.49% to reach USD 6.26 billion by 2029.

In 2024, the India Engineering Plastics Market size is expected to reach USD 4.36 billion.

Chiripal Poly Film, INEOS, IVL Dhunseri Petrochem Industries Private Limited (IDPIPL), JBF Industries Ltd and Reliance Industries Limited are the major companies operating in the India Engineering Plastics Market.

In the India Engineering Plastics Market, the Packaging segment accounts for the largest share by end user industry.

In 2024, the Electrical and Electronics segment accounts for the fastest growing by end user industry in the India Engineering Plastics Market.

In 2023, the India Engineering Plastics Market size was estimated at 4.36 billion. The report covers the India Engineering Plastics Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Engineering Plastics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Engineering Plastics Industry Report

Statistics for the 2023 India Engineering Plastics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Engineering Plastics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

India Engineering Plastics Market Report Snapshots

India Engineering Plastics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029