Engineering Plastics Market

Engineering Plastics - Global Market Outlook (2018-2027)

4.3 (87 reviews)
Published: January 2020 ID: SMRC18688
4.3 (87 reviews)
Published: January 2020 ID: SMRC18688

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Engineering Plastics Market is accounted for $82.40 billion in 2018 and is expected to reach $183.44 billion by 2027 growing at a CAGR of 9.3% during the forecast period. Some of the factors such as growing demand for polyamides for 3D printing, growth in end-user industries are driving the market growth. However, lack of institutional arrangements, fluctuating crude oil prices are hampering the market.

Engineering plastics exhibit higher performance than standard materials, making them ideal for tough engineering applications. They have gradually replaced traditional engineering materials such as wood or metal in many applications because, not only do they equal or surpass them in their weight/strength ratio and other properties, but they are also much easier to manufacture, especially in complicated shapes. Engineering plastics have superior performance in the areas of heat resistance, chemical resistance, impact resistance, fire retardancy and mechanical strength.

In terms of type, the polyacetal segment is likely to have a lucrative growth during the forecast period owing to its tremendous properties which makes suitable for applications in industrial machinery, electrical and electronic devices, automotive and plumbing, and consumer goods applications, thereby, driving the engineering plastics market.

Based on geography, Asia Pacific is going to have a lucrative growth owing to the growing population, increasing urbanization, and substitution of many metals by suitable engineering plastics in various industries, such as packaging and automotive which made huge consumption of engineering plastics in recent past.

Some of the key players in Global Engineering Plastics market include Mitsubishi Engineering-Plastics Corporation, DuPont de Nemours, Inc., Evonik Industries AG, BASF SE, Royal DSM, Grand Pacific Petrochemical Corporation, INEOS Styrolution Group GmbH (INEOS), Covestro AG, Daicel Corporation, Trinseo, Chi Mei Corporation, TEIJIN Limited, Bayer AG, Schulman Inc., Dyneon LLC (3M Company), Eastman Chemical Company, Asahi Kasei Corporation, SABIC, Celanese Corporation, LANXESS, LG Chem Ltd., Polyone, Polyplastics Co. Ltd, Rochling Group, AdvanSix Inc., Arkema Group, and Solvay S.A.

Types Covered:
• Polycarbonates
• Acrylonitrile Butadiene Styrene (ABS)
• Polyamides
• Polyetherketone (PEK)
• Thermoplastic Polyesters
• Fluoropolymers
• Polyethylene Terephthalate (PET)
• Polyacetal/ Polyoxymethylene
• Polyphenylene Oxide (PPO/PPE Blends)
• Polybutylene Terephthalate (PBT)
• Polymethyl Methacrylate (PMMA)
• Polyphenylene Sulfide (PPS)
• Styrene Copolymers (ABS and SAN)
• Polyether Ether Ketone (PEEK)
• Liquid Crystal Polymers (LCP)
• Polyimides (PI)
• Acetal
• Acrylic
• Bakelite
• High Performance Materials
• Polyethylenes (PE)
• Polypropylene (PP)
• Polyurethane
• Polytetrafluoroethylene
• Polyvinyl Chloride (PVC)

Performance Parameter Covered:
• High Performance
• Low Performance

Applications Covered:
• Advanced Batteries
• Medical Implants
• Shoes
• Valve Components
• Wear Plates
• Terminal Boards
• Washer
• Thrust Washers
• Scraper Blades
• Skylights
• Safety Glass and Guards
• Abrasion Resistant Liners
• Wear Pads
• Sightglass
• Self-Lubricating Parts
• Security Windows
• Gears
• Insulators
• Rollers
• Pump Components
• Pressure Plates
• Slide Bearings
• Slideways
• Piston Rings
• Hoppers
• Food Production
• Heat Seal Surfaces
• Boat Chopping Board
• Seals
• Lantern Rings
• Kicker Arms
• Buffer Pads
• Metal Detector Chutes
• High Precision Parts
• Bearings
• Anti-Corrosive Liners
• Guards
• Plating Tanks and Hoods
• Gaskets
• Acid Trays
• Feedscrolls
• Exhaust Ducts
• Bench Top
• Boat Windscreen
• Cutting Boards
• Cooling Towers
• Guide Strips
• Machine Guards
• Chevron Packing’s
• Bushes
• Guide Wheels
• Piston Seals and Cups
• Conveyor Mechanisms
• Bolts & Nuts
• Display
• Braking Tray Liners
• Lighting
• Level Indicators
• Bottle Line Wear Plate
• Chain Guide

End Users Covered:
• Consumer Appliances
• Aerospace
• Oil & gas
• Automotive & Transportation
• Electrical & Electronics
• Medical
• Food
• Packaging
• Industrial & Machinery
• Building & Construction

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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