The latest report by IMARC Group, titled “Engineering Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the global engineering plastics market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global engineering plastics market size reached US$ 121.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 218.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6.6% during 2024-2032.
Request a Sample Report: https://www.imarcgroup.com/engineering-plastics-market/requestsample
Engineering Plastics Market Trends:
The global market is primarily driven by the increasing demand for lightweight materials in the automotive industry to improve fuel efficiency and reduce carbon emissions. Additionally, the rapid expansion of the electronics industry, particularly in Asia-Pacific, fuels the demand for durable and heat-resistant plastics in electronic devices and components, driving the market forward. Moreover, the rising focus on sustainability, which is steering the market towards the development of bio-based and recyclable engineering plastics, further propelling the market growth.
Furthermore, eco-friendly alternatives are gaining traction as industries seek to comply with stricter environmental regulations and reduce their ecological footprint creating a positive market outlook. Besides this, continual advancements in polymer technology that enhance the properties of engineering plastics are enabling new applications and driving their adoption in sectors such as aerospace, healthcare, and construction are expanding the market growth.
Engineering Plastics Market Scope and Growth Analysis:
The scope of the market extends across multiple industries due to its integral role in manufacturing processes that require materials with exceptional strength, flexibility, and resistance to harsh environments. This market is poised for significant growth, particularly in regions undergoing rapid industrialization, such as Asia-Pacific, which leads in terms of both consumption and production. The drive towards more advanced transportation solutions and smarter electronic devices further catalyzes this growth.
Additionally, as global infrastructure development accelerates, the demand for durable and lightweight materials, such as engineering plastics, in construction and civil engineering projects is expected to rise sharply. Market analysts project robust expansion as emerging technologies in 3D printing and additive manufacturing increasingly adopt engineering plastics to produce complex and high-strength components. This trend highlights the market's potential to penetrate new applications and sectors, continuously evolving with technological advancements and changing industry requirements.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/engineering-plastics-market
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 3M Company
- AdvanSix
- Arkema S.A.
- Avient Corporation
- BASF SE
- Celanese Corporation
- Daicel Corporation
- DuPont de Nemours Inc.
- Eastman Chemical Company
- Ineos Limited
- LANXESS Aktiengesellschaft
- Solvay S.A.
Engineering Plastics Market Segmentation:
Our report has categorized the market based on region, type, performance parameter and application.
Breakup by Type:
- Polyamide
- ABS
- Thermoplastic Polyesters
- Polycarbonates
- Polyacetals
- Fluoropolymers
- Others
Breakup by Performance Parameter:
- High Performance
- Low Performance
Breakup by Application:
- Packaging
- Building and Construction
- Electrical and Electronics
- Automotive
- Consumer Products
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About US:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
