United States Engineering Plastics Market | Growth, Trends and Forecast (2018 - 2023)
United States Engineering Plastics Market - Segmented by Product and Application - Growth, Trends, and Forecast (2018 - 2023)


MAY 2018

United States Engineering Plastics Market - Segmented by Product and Application - Growth, Trends, and Forecast (2018 - 2023)

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The market for engineering plastics in the United States has been estimated at USD 13,792.30 million in 2017. The market is expected to portray a healthy CAGR of 4.33% over the forecast period (2018 - 2023). Engineering plastics, a segment of the plastic industry, are used in applications that require high performance with respect to thermal stability, chemical stability, impact resistance, mechanical strength, and dimensional stability. The specific categorization of these materials is due to their utility in various applications that require higher performance than commodity materials and require engineering to design customized products. Engineering plastics are gradually replacing metal from construction and automotive industries due to their durability, designing flexibility, high strength-to-weight ratios, and low densities.       

Growing Popularity of Bio-based PET Driving the Market

Considering the side-effects of petrochemical-based plastics, the popularity of bio-based products is rising globally. Since PET is favorably used in the food & beverages packaging industry; this bio-based product trend is creating a direct impact on the PET demand. Owing to the flexibility of recycling and significant reduction in the weight due to bio-based technology, this product category turns to be one of the most favored products in multiple end-user industries such as automotive, electrical & electronics, and food & beverages packaging industry, among others.   

Polyethylene Terephthalate (PET) the Dominant Product Type

Polyethylene terephthalate (PET) is a thermoplastic polyester engineering resin. PET resins are known for their excellent melt flow characteristics, close molding tolerances and high productivity from multi-cavity molds. Due to its broad mechanical and electrical properties, PET is often used to replace metals in motor housings, switches, sensors, and other electrical applications. Demand for PET is majorly driven by the automotive and packaging industry. For instance, Coca-Cola developed the concept of recyclable plant bottles, which are made of PET plastics, partially manufactured from plants. This helped the company to focus on using bio-based PET for packaging its beverages, and at the same time, to promote environmental awareness among its consumers.


Key Developments

  • May 2017: Celanese Corporation has acquired the Nylon compounding business of the Nilit Plastics Division.

Major Players: BASF SE, Bayer, Poly Plastic Co. Ltd, and Mitsubishi Engineering-Plastics Corporation, among others

Reasons to Purchase the 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 month analyst support, along with the Market Estimation sheet (in Excel)

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1. Introduction

                1.1 Research Phases

                1.2 Study Deliverables

                1.3 Scope of the Report

2. Executive Summery

3. Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness – Porter’s Five Force 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

                3.3 Patent Analysis

                3.4 Raw Material Analysis

                3.5 Regulatory Policy Analysis

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Growing Popularity of Bio-based PET

                                4.1.2 Engineering Plastics Replacing Traditional Materials

                4.2 Restraints

                                4.2.1 Lengthy and Exhaustive Process for Manufacturing of Engineering Plastics

                4.3 Opportunities

                                4.3.1 Increasing Usage in Aerospace Industry

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

                5.1 By Product

                                5.1.1 Fluoropolymers

                                5.1.2 Polyacetal/Polyoxymethylene

                                5.1.3 Polyamides

                                5.1.4 Polycarbonates

                                5.1.5 Polymethyl Methacrylate (PMMA)

                                5.1.6 Polyphenylene Oxide (PPO/PPE Blends)

                                5.1.7 Polyphenylene Sulfide (PPS)

                                5.1.8 Styrene Copolymers (ABS & SAN)

                                5.1.9 Thermoplastic Polyesters (PET & PBT)

                                5.1.10 Liquid Crystal Polymers (LCP) 

                                5.1.11 Polyether Ether Ketone (PEEK)

                                5.1.12 Polyimides (PI)

                                5.1.13 Polyphthalamide (PPA)

                5.2 By Application

                                5.2.1 Automotive & Transportation

                                5.2.2 Building & Construction

                                5.2.3 Consumer Goods & Appliances

                                5.2.4 Electrical & Electronics

                                5.2.5 Industrial & Machinery

                                5.2.6 Packaging

                                5.2.7 Others

6. Policies & Regulations

7. Competitive Landscape

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

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Players

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

                8.1 3M

                8.2 A. Schulman Inc.

                8.3 Advan Six Inc.

                8.4 Arkema

                8.5 Asahi Kasei Corporation

                8.6 Ashland

                8.7 BASF SE

                8.8 Celanese Corporation

                8.9 Chemtura Corporation

                8.10 Chi Mei Corporation

                8.11 Chevron Philips Chemical Company

                8.12 Bayer

                8.13 Daicel Corporation

                8.14 DSM

                8.15 DowDuPont

                8.16 Eastman Chemical Company

                8.17 Evonik Industries AG

                8.18 Grand Pacific Petrochemical Corporation

                8.19 Ineos

                8.20 Lanxess

                8.21 LG Chem

                8.22 Mitsubishi Engineering-Plastics Corporation

                8.23 Nan Ya Plastics Corporation

                8.24 PolyOne

                8.25 Polyplastics Co., Ltd

                8.26 Rochling Group

                8.27 SABIC

                8.28 Solvay

                8.29 Trinseo

                8.30 Teijin Limited

                *List not exhaustive

9. Disclaimer

 **Subject to availability on public domain

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