1. What is the projected Compound Annual Growth Rate (CAGR) of the Engineering Plastic?
The projected CAGR is approximately 4.7%.
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Engineering PlasticEngineering Plastic by Type (Acrylonitrile butadiene styrene (ABS), Polyamides (PA), Polycarbonate (PC), Thermoplastic Polyester Elastomer (TPEE), Polyacetals (POM), Polybutylene terephthalate (PBT), Polymethyl Methacrylate (PMMA), Special Engineering Plastics, Others), by Application (Automotive Industry, Electronics and Semiconductors, Aviation and Aerospace, Transportation, Medical Equipment, Home Appliances and Consumer Electronics, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2026-2034
The global engineering plastics market size was valued at USD 168,900 million in 2025 and is projected to reach USD 257,200 million by 2033, exhibiting a CAGR of 4.7% during the forecast period. The growing demand for lightweight and durable materials in automotive and transportation applications is driving market growth. Additionally, the increasing adoption of engineering plastics in electronics, consumer appliances, and medical equipment is further contributing to the market expansion.
Among the different types of engineering plastics, acrylonitrile butadiene styrene (ABS), polyamides (PA), and polycarbonate (PC) hold significant market shares. These materials offer a combination of strength, flexibility, and heat resistance, making them suitable for various applications. In terms of applications, automotive industry and electronics and semiconductors are the major consumers of engineering plastics, owing to the increasing production of vehicles and electronic devices. Furthermore, the growing adoption of electric vehicles and the rising demand for sustainable materials are expected to create lucrative opportunities for the engineering plastics market in the coming years.
The global engineering plastics market size was valued at USD 119.2 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030. The increasing demand for lightweight and durable materials in various industries, such as automotive, electronics, and aerospace, is driving the growth of the market. Moreover, the rising adoption of engineering plastics in medical devices and consumer products is further contributing to the market's expansion. The increasing awareness about sustainability and the growing focus on reducing carbon footprint are also expected to drive the demand for bio-based and recyclable engineering plastics in the coming years.
The key driving forces behind the growth of the engineering plastics market include:
The major challenges faced by the engineering plastics market are:
Key Regions
Key Segments
This report provides a comprehensive overview of the global engineering plastics market, including market size, trends, drivers, challenges, and key players. The report also includes detailed analysis of the key segments of the market, such as type, application, and region.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.7% from 2020-2034 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 4.7%.
Key companies in the market include Ineos, Covestro, SABIC, Mitsubishi Chemical, Lotte Chemical, Teijin Limited, DSM, Victrex, Solvay, Evonik, Arkema, UBE Industries, BASF SE, AdvanSix, Lanxess, Clariant Corporation, Toray, JSR, Röhm, Sumitomo Chemical, LX MMA, Celanese, Asahi Kasei, LyondellBasell, Kolon Plastics, DuPont, Kuraray, Idemitsu Kosan, Trinseo, CHIMEI, LG Chem, Samyang Kasei, SIBUR (Kazanorgsintez), Sinopec, Wanhua Chemical, Formosa, CNPC, Dagu Chemical, KKPC, EMS-Grivory, Unitika, DOMO Chemicals, Grupa Azoty, LIBOLON, Polymeric Resources Corporation (PRC), Shakespeare, Huajin Chemical, Gaoqiao, Grand Pacific Petrochemical, Kumho Sunny, MEP, Polyplastics, DIC, Kureha, Plaskolite, PTTAC, Dow, Avient.
The market segments include Type, Application.
The market size is estimated to be USD 168900 million as of 2022.
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The market size is provided in terms of value, measured in million.
Yes, the market keyword associated with the report is "Engineering Plastic," which aids in identifying and referencing the specific market segment covered.
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