Engineering Plastics Market – Global Industry Analysis, Size, Share – 2023

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The global engineering plastics market is expected to witness strong growth, during the forecast period. The growth in the global market is being propelled by emergence of substitutes for conventional materials in the form of engineering plastics in end-use applications, positive growth in end-use industries, growing demand for polyamides in 3D printing and increasing demand for engineering plastics from automotive industry.

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Engineering plastics are plastic materials having superior mechanical and/or thermal properties as compared to commodity plastics (such as polystyrene, PVC, polypropylene and polyethylene). Engineering plastics can be used permanently at temperatures between 100°C and 150°C.

The global engineering plastics market has been categorized on the basis of type and application. On the basis of type, the global market has been segmented into acrylonitrile butadiene styrene (ABS), polyamide, polycarbonates, thermoplastic polyesters, polyacetals, fluoropolymers, and others

Geographically, the global engineering plastics market has been segmented into North America, South America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is expected to witness the highest growth in the global engineering plastics market, during the forecast period.

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Some of the key players in the global engineering plastics market are BASF SE, SABIC, Evonik Industries AG, Solvay S.A., E. I. DuPont de Nemours and Company, Celanese Corporation, Lanxess AG, Eastman Chemical Company, Mitsubishi Engineering-Plastics Corporation, Arkema SA and LG Chem.

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