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 & TransportationElectrical & ElectronicsBuilding & ConstructionAppliancesConsumer GoodsOthers (including medical, industrial and packaging among other smaller applications)

Geographic Regions

North AmericaEuropeAsia-PacificSouth AmericaRest 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 TypesEnd-use SectorsGeographic Regions

2. WORLD MARKET COMPENDIUM

Market Trends and OutlookEngineering Plastics Market Growth DriversCOVID-19 Pandemic and Inflation: Impact on Engineering Plastics IndustryMarket Demand by Geographic RegionMarket Demand by Plastic TypeMarket Demand by End-use Sector

3. REGIONAL MARKET COMPENDIUM

4. INDUSTRY LANDSCAPE

Global Engineering Plastics Production CapacityMajor Players

5. DATA SOURCES AND RESEARCH METHODOLOGY

Companies Mentioned

Asahi KaseiAscend Performance MaterialsBASF SECelaneseCHIMEICovestro Delrin USADomo Chemicals ServicesEMS-CHEMIEEnvalior GmbHFormosa Plastics GroupGlobal Polyacetal Co.INEOS Styrolution GroupInvistaKeyuan Holding Group Co.Korea Engineering Plastics Co.Kuraray Co.LG ChemLiaoning Kingfa Advanced Materials Co.Lotte ChemicalMitsubishi ChemicalMitsubishi Engineering PlasticsPetrochina CompanyPolyplastics Co.RohmSaudi Basic Industries Corporation (SABIC)Sinochem Holdings CorporationStyrenix Performance MaterialsSumitomo Chemical Co Toray IndustriesTrinseoUBE CorporationVersalis SpAYunnan 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

 

View original content:https://www.prnewswire.com/news-releases/engineering-plastics-world-market-report-2024-market-trends-and-growth-projections-to-2029-302089289.html

SOURCE Research and Markets