Engineering Plastics Market

Date: 2016-05

Engineering plastics are the subset of plastics which have better physical and chemical properties. They are being used in various applications depending on their properties like thermal resistance, chemical resistance, mechanical strength etc. Engineering plastics are slowly replacing the traditional materials like metals, glass and wool in various industries. The increasing tendency towards lightweight vehicles, lower emissions and higher fuel efficiency is anticipated to drive the growth of engineering plastics in the automotive industry.

The global engineering plastics market has been analyzed with respect to different parameters such as demand, supply, end-users and providers of engineering plastics. Engineering plastics market is categorized by types, industry and geography. On the basis of types, the market has been segmented into polyamides, polycarbonates, styrene copolymer, thermoplastic polyesters and more. Polycarbonate is the most commonly used engineering plastics because of its strength. This segment has been divided into further sub-segments to ensure a comprehensive approach to the market. The forecast period for this report is taken as 2016-2021. The major Industries using engineering plastics are automotive, packaging, construction and others. Among these industries the automotive industry has the largest market and is anticipated to grow in the forecasted period.

The overall market is also presented from the perspective of different geographic regions and the key countries in each region. This analysis shows clearly that Americas is the leader in market revenue shares.

In 2015 the Engineering Plastics market was dominated by five major companies, namely:

DSM NV (The Netherlands)
Formosa Plastics Corp. (Taiwan)
E. I. DuPont (U.S.)
Celanese Corporation (U.S.)
Saudi Basic Industries Co. (Saudi Arabia).

These companies have significant presence in the engineering plastics market with good brand image. Other players in this market include:

BASF SE (Germany)
Lanxess AG (Garmany)
Mitsubishi Engineering Plastics Corporation (Japan)
Chevron Phillips Chemical (U.S.)
Arkema SA (France).

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