Emerging Trends to Reshape the Engineering Plastics Market: Introduction Of Bio-Based And Recycled-Based Materials In Engineering Plastics Market as a Key Influencer

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Engineering Plastics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the engineering plastics market size has seen robust growth. It's projected to expand from $112.68 billion in 2024 to $122.98 billion in 2025, registering a compound annual growth rate (CAGR) of 9.1%. The historical growth can be traced back to the replacement of conventional materials, a surge in electrical and electronic industries, heightened attention to sustainability, expansion in the construction sector, and advances in medical devices.

Engineering Plastics Market Size Forecast: What's the Projected Valuation by 2029?
The market size of engineering plastics is predicted to experience a swift expansion in the upcoming years, escalating to $180.35 billion in 2029 with a compound annual growth rate (CAGR) of 10.0%. This increase for the projected period can be ascribed to factors such as 3D printing, additive manufacturing, modernization of infrastructure, applications in aerospace, developing consumer electronics industry, and the initiatives focusing on the circular economy. Key trends expected to influence the industry in this period encompass high-performance thermoplastics, miniaturization in electronics ambit, intelligent and functional materials, bespoke tailored solutions, as well as health and safety compliance.

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What Are the Drivers Transforming the Engineering Plastics Market?
The expansion of the electronics and electrical sectors is anticipated to accelerate the growth of the engineering plastics market in the future. The electronics sector is responsible for the production of consumer electronics, electrical equipment, and electrical components used in a wide range of products. Engineering plastics, which are utilized in the fabrication of diverse electronic goods such as computers, communication equipment, switchgear, storage batteries, and switchboards, play an integral role in this process. As per the statements released by the Ministry of Electronics and Information Technology, a government agency based in India, the electronics manufacturing industry's growth is projected to surge from USD 75 billion in 2022 to a staggering USD 300 billion by 2026. Consequently, the expansion within the electronics and electrical sectors is fuelling the demand for the engineering plastics market.

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What Long-Term Trends Will Define the Future of the Engineering Plastics Market?
The rising popularity of bio-based or recycled-based materials is a significant trend witnessed in the engineering plastics market. Major players in this market are concentrating their efforts on the creation of bio-based or recycled-based materials as replacements for plastic solutions, in an effort to solidify their market position. For instance, Toray Industries, Inc., a Japanese producer of engineering plastics like PPS, nylon, and PBT, fashioned the world's first completely bio-based adipic acid - a component found in nylon 66 (polyamide 66), using sugars procured from non-edible feedstock in August 2022. The firm's microbial fermentation technology was fused with chemical purification technology, which employs separation membranes, in a unique synthesis approach, which led to this innovation.

Which Segments in the Engineering Plastics Market Offer the Most Profit Potential?
The engineering plastics market covered in this report is segmented -

1) By Type: Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Thermoplastic Polyester, Polyacetal, Fluoropolymer, Other Types
2) By Performance Parameter: High Performance, Low Performance
3) By End-Use Industry: Automotive And Transportation, Consumer Appliances, Electrical And Electronics, Industrial And Machinery, Packaging, Other End-Use Industries

Subsegments:
1) By Acrylonitrile Butadiene Styrene (ABS): General Purpose ABS, High-Impact ABS, Flame-Retardant ABS
2) By Polyamide (Nylon): Nylon 6, Nylon 66, Other Nylon Grades
3) By Polycarbonate (PC): General Purpose Polycarbonate, Optical Grade Polycarbonate, Impact-Resistant Polycarbonate
4) By Thermoplastic Polyester (PET, PBT): Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT)
5) By Polyacetal (POM): Homopolymer Polyacetal, Copolymer Polyacetal
6) By Fluoropolymer: Polytetrafluoroethylene (PTFE), Fluorinated Ethylene Propylene (FEP), Perfluoroalkoxy Alkane (PFA)
7) By Other Types: ket*one (PEEK), Polyphenylene Sulfide (PPS), Other Specialty Engineering Plastics

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Which Firms Dominate the Engineering Plastics Market by Market Share and Revenue in 2025?
Major companies operating in the engineering plastics market include Covestro AG, DuPont de Nemours Inc., LG Chem Ltd., Evonik Industries AG, Mitsubishi Chemical Engineering Corporation, BASF SE, Celanese Corporation, Solvay S.A., Dow Chemical Company, Saudi Basic Industries Corporation, LANXESS AG, Asahi Kasei Corporation, DSM Engineering Plastics, Polyplastics Co. Ltd., Teijin Limited, Toray Industries Inc., Arkema S.A., Chi Mei Corporation, Daicel Corporation, Eastman Chemical Company, EMS-Chemie Holding AG, Formosa Plastics Corporation, Huntsman Corporation, INEOS Styrolution Group GmbH, JSR Corporation, KOLON Industries Inc., Kuraray Co. Ltd., Mitsui Chemicals Inc, Nilit Ltd., Radici Group, RTP Company, Sumitomo Chemical Co. Ltd., Techno Polymer Co. Ltd., Tosoh Corporation, Ube Industries Ltd., Victrex plc, Zhejiang NHU Special Materials Co. Ltd.

Which Regions Offer the Highest Growth Potential in the Engineering Plastics Market?
Asia-Pacific was the largest region in the engineering plastics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the engineering plastics market during the forecast period. The regions covered in the engineering plastics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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