Engineering Plastics Market Trends That Will Shape the Next Decade: Insights from Bio-based or recycled-based materials have emerged as a key trend gaining popularity in the engineering plastics market. Major companies operating in the engineering plastic

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How Large Will the Engineering Plastics Market Size By 2025?
The market size of engineering plastics has seen robust growth in the recent past. Its expansion is projected to be from $112.68 billion in 2024 to $121.77 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%. The substantial growth in the historic period can be credited to the substitution of conventional materials, a surge in electrical and electronics sector, heightened attention to sustainability, the growth of the construction sector, and an increased demand in the medical device industry.

How Big Is the Engineering Plastics Market Size Expected to Grow by 2029?
The size of the engineering plastics market is projected to experience robust expansion in the upcoming years, escalating to a projected value of $176.22 billion by 2029, with a CAGR of 9.7%. This anticipated growth in the estimated period is linked to factors such as 3D printing and additive manufacturing, modernisation of infrastructure, applications in aerospace, the changing consumer electronics industry, and circular economy efforts. Noteworthy trends for the forecast period comprise high-performing thermoplastics, electronic miniaturisation, intelligent and functional materials, customised and bespoke solutions, and adherence to health and safety regulations.

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Which Key Market Drivers Powering Engineering Plastics Market Expansion and Growth?
The expected surge in the electronics and electrical sectors is likely to stimulate the expansion of the engineering plastics market. These sectors produce consumer electronics, electrical components and equipment that are integrated into a range of products. Various electronic goods, including computers, communication devices, switchgear, storage batteries, and switchboards, are manufactured using engineering plastics. For example, the Ministry of Electronics and Information Technology, a government organization in India, anticipates that the electronics manufacturing industry will expand from USD 75 billion in 2022 to USD 300 billion by 2026. Hence, the burgeoning electronics and electrical industries are contributing to an increased demand in the engineering plastics market.

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Which Fast-Growing Trends Are Poised to Disrupt the Engineering Plastics Market?
The utilization of bio-based or recycled-based materials is becoming a primary trend in the engineering plastics market. Major businesses active in this sector are leaning towards the creation of bio-based or recycled materials as a stronger alternative to plastic solutions, enhancing their market positioning. For instance, Toray Industries, Inc., a Japanese company that produces engineering plastics like PPS, nylon, and PBT, in August 2022, engineered the first-ever entirely bio-based adipic acid--an element of nylon 66 (polyamide 66), using sugars obtained from non-edible feedstock. This accomplishment was made possible through the company's unique blend of microbial fermentation and chemical purification technology, which incorporates separation membranes.

What Are the Emerging Segments in the Engineering Plastics Market?
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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Who Are the Global Leaders in the Engineering Plastics Market?
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 are the Top Profitable Regional Markets for the Engineering Plastics Industry?
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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