Engineering Plastic Market Poised to Hit $172.43 Bn by 2031 | Ineos, Asahi Chemical Corp, ASCEND, Secco

According to QY Research announces the release of 2025 latest report "Engineering Plastic Market". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Engineering Plastic market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Engineering Plastic was estimated to be worth US$ 124.35 billion in 2024 and is forecast to a readjusted size of US$ 172.43 billion by 2031 with a CAGR of 4.9% during the forecast period 2025-2031.

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Engineering plastics are types of plastics that will have better chemical resistance, impact and mechanical strength then commodity plastics. They will perform better under extreme stress and heat.

Engineering plastics are a class of polymers that have been specially formulated to exhibit enhanced mechanical, electrical, thermal, and chemical properties compared to commodity plastics. These enhanced properties allow engineering plastics to be used in demanding industrial and engineering applications such as gears, bearings, bushings, and medical implants.

The main difference between engineering plastics and commodity plastics is that engineering plastics are used in more technically demanding environments. While commodity plastics are also popular, they are not suitable for the same applications as engineering plastics as they do not exhibit the same degree of material properties. Engineering plastic parts are typically manufactured by plastic injection molding or plastic extrusion, although 3D printing is also possible.

Engineering plastics play a pivotal role in many industries, such as: automotive, aerospace, electronics, medical, and consumer goods manufacturing. Engineering plastics are known for their ability to be used in applications where metals may be too heavy, expensive, or susceptible to corrosion, and where commodity plastics lack the strength and durability required. They are durable and versatile owing to their mechanical strength and impact resistance, coupled with their desirable thermal, electrical, and chemical properties. Engineering plastics offer manufacturers an ideal balance between strength, cost, weight, and durability.

This report studies the engineering plastics, include the Special Engineering Plastics and General Engineering Plastics.

General Engineering Plastics include Acrylonitrile butadiene styrene (ABS), Polyamides (PA), Polycarbonate (PC), Thermoplastic Polyester Elastomer (TPEE), Polyacetals (POM), Polybutylene terephthalate (PBT) and Polymethyl Methacrylate (PMMA), etc.

Special Engineering Plastics include PMMI, PEI, PAI, PEEK, PEKK, PSU, PES, PPSU, PPS, PTFE, PCTFE, PVDF, and Others.

In Africa, Engineering Plastickey players include Ineos, Asahi Chemical Corp, China National Petroleum Corporation (CNPC), ASCEND, Secco, etc.

South Africa is the largest market, with a share about 30%, followed by Nigeria and Egypt, having a total share about 40 percent. In terms of product,the segment includes General Engineering Plastics Type, Special Engineering Plastics. And in terms of application, the application includes Automotive Industry, Electronics Industry, Building Materials, Other Application, Packaging industry.

Key Companies : -

The Engineering Plastic Market is highly competitive with both global players and regional startups driving innovation. Key companies are focusing on:

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

Key Growth Drivers : -

The growth of the Engineering Plastic Market can be attributed to several key factors. Technological advancements have played a pivotal role in shaping the market, enabling the development of more sophisticated and efficient Engineering Plastic solutions. Additionally, increasing awareness among consumers regarding the benefits of Engineering Plastic products has fueled demand. Furthermore, supportive government policies and regulations have created a favorable environment for market expansion.

Industry Opportunities and Challenges -

Industry Opportunities -

The Engineering Plastic Market presents abundant opportunities for stakeholders. The continuous evolution of technology opens doors for the development of novel products and services. Emerging markets, with their growing populations and rising disposable incomes, offer vast potential for market penetration. Additionally, strategic partnerships and collaborations can help businesses expand their reach and capabilities.

Industry Challenges -

Despite its growth potential, the Engineering Plastic Market is not without its challenges. Intense competition requires companies to differentiate their offerings and maintain a strong market presence. The need for substantial research and development investments can be a barrier to entry for some players. Furthermore, keeping pace with rapidly changing consumer preferences and technological advancements demands agility and innovation.

Detailed of Engineering Plastic Market Segmentation :-

Segment 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

Segment by Application : -

Automotive Industry
Electronics and Semiconductors
Aviation and Aerospace
Transportation
Medical Equipment
Home Appliances and Consumer Electronics
Others

Regional Insights :-

The Engineering Plastic Market provides a diverse geographical landscape, with several areas exhibiting unique market characteristics. While some locations see rapid growth due to factors like economic expansion and technical advancements, other regions may experience slower but more consistent market expansion. Market trends vary greatly throughout regions due to factors including cultural influences, legal frameworks, and population developments. Businesses looking to go global must understand these regional differences and adjust their strategy to take advantage of local opportunities.

North America: Market size, growth drivers, and key players.

Europe: Regulatory environment and sustainability initiatives.

Asia-Pacific: Rapid industrialization and demand growth.

Latin America: Emerging markets and opportunities.

Middle East & Africa: Focus on petrochemicals and infrastructure development.

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Importance of a Market Synopsis : -

Decision Making: A well-prepared Engineering Plastic market synopsis helps businesses, investors, and professionals make informed decisions. It provides a comprehensive understanding of the Engineering Plastic market landscape, enabling stakeholders to identify potential risks and opportunities.

Competitive Analysis: By examining the competitive landscape, a Engineering Plastic market synopsis allows businesses to benchmark themselves against industry leaders and identify areas for improvement or differentiation. It facilitates strategic planning and Engineering Plastic market positioning.

Market Entry: For companies considering entering a new market or launching a new product, a Engineering Plastic market synopsis provides valuable insights into market size, customer needs, and competitive factors. It guides businesses in developing effective market entry strategies.

Investment Decisions: Investors rely on Engineering Plastic market synopses to evaluate the feasibility and potential returns of investment opportunities. The synopsis helps them assess the market's growth prospects, competitive intensity, and long-term viability.

Knowledge Sharing: Engineering Plastic Market synopses serve as valuable resources for industry research, academic studies, and knowledge sharing among professionals. They provide a concise summary of Engineering Plastic market dynamics, making complex information accessible to a broader audience.

Table of Contents with Major Points : -

1. Executive Summary

1.1. Market Analysis
1.2. Global & Segmental Market Estimates & Forecasts, 2025-2031 (USD Billion)
1.2.1. Engineering Plastic Market, by Region, 2025-2031 (USD Billion)
1.2.2. Engineering Plastic Market, by Type, 2025-2031 (USD Billion)
1.2.3. Engineering Plastic Market, by Application, 2025-2031 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

2. Global Engineering Plastic Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

3. Global Market Dynamics

3.1. Engineering Plastic Market Impact Analysis (2025-2031)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

4. Global Industry Analysis

4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2025-2031)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion

5. Global Market, by Type

5.1. Market Analysis
5.2. Global Engineering Plastic Market by Type, Performance - Potential Analysis
5.3. Global Engineering Plastic Market Estimates & Forecasts by Type 2025-2031 (USD Billion)
5.4. Engineering Plastic Market, Sub-Segment Analysis

6. Global Market, by Application

6.1. Market Analysis
6.2. Global Engineering Plastic Market by Application, Performance - Potential Analysis
6.3. Global Engineering Plastic Market Estimates & Forecasts by Application 2025-2031 (USD Billion)
6.4. Engineering Plastic Market, Sub-Segment Analysis
6.4.1. Others

7. Regional Analysis

7.1. Engineering Plastic Market, Regional Market Analysis
7.2. North America Engineering Plastic Market
7.3. Europe Engineering Plastic Market Analysis
7.4. Asia-Pacific Engineering Plastic Market Analysis
7.5. Latin America Engineering Plastic Market Analysis
7.6. Rest of The World Engineering Plastic Market

8 Competitive Intelligence

8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Key player 1
8.2.1.1. Key In Durationation
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments

9. Research Process

9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes

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