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The Engineered Plastics Market Size was valued at USD 108.55 billion in 2022 and is projected to reach USD 170.41 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2023 to 2030.
Engineered plastics, also known as advanced or high-performance plastics, are a class of materials specifically designed to possess superior mechanical, thermal, and chemical properties compared to traditional plastics. These materials find extensive applications across various industries, including automotive, aerospace, electronics, healthcare, and packaging, among others.
The market for engineered plastics is expected to witness substantial growth over the forecast period. Factors driving this growth include the increasing demand for lightweight and durable materials in the automotive and aerospace sectors, the rising need for advanced medical devices and equipment, and the growing adoption of engineered plastics in the packaging industry.
In the automotive industry, engineered plastics are increasingly replacing traditional materials such as metals due to their ability to reduce vehicle weight, enhance fuel efficiency, and improve overall performance. Moreover, the rising focus on electric vehicles and the need for components that can withstand high temperatures and harsh environments further contribute to the market's expansion.
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Market Segmentation:
By Type
By end-use industries
Key players:
The key players are SABIC (Saudi Arabia), LANXESS AG (Germany), Covestro AG (Germany), BASF SE (Germany), Mitsubishi Chemical Holdings Corporation (Japan), Celanese Corporation (US), Evonik Industries AG (Germany), The Dow Chemical Company (US), Solvay S.A. (Belgium), LG Chem Ltd. and other players.
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Engineered Plastics Market Size By Product Type:
9.Emulsion Engineered Plastics Market Size By End Use:
10.Emulsion Engineered Plastics Market Size By Application:
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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