The Engineering Plastics Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Engineering Plastics Market?
The market size of the Engineering Plastics Global Market Report 2025 has seen significant expansion in prior years. It is estimated to rise from $112.68 billion in 2024 to $122.98 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Engineering Plastics Industry?
The Engineering Plastics Global Market is projected to expand to $180.35 billion by 2029, with a compound annual growth rate (CAGR) of 10.0%.
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What are the Key Growth Drivers Fueling the Engineering Plastics Market?
The key drivers in the engineering plastics market are:
• The advancement and increased usage of 3D printing and additive manufacturing
• Modernization and upgrade of infrastructure on a global level
• Increasing demand for engineering plastics in aerospace applications
• Evolution and growth of the consumer electronics industry
• The emergence of circular economy initiatives that favor recyclable materials
Global Market Segmentation: Identifying Major Engineering Plastics Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Engineering Plastics Market?
The key trends in the oil shale market are:
• High-performance thermoplastics are becoming a key trend in the market.
• The miniaturization in electronics is an emerging influence.
• There is a growing focus on smart and functional materials.
• Customization and tailored solutions as well as health and safety compliance are gaining more attention.
Who Are the Top Competitors & Leading Players in the Engineering Plastics Market?
Major companies in the engineering plastics market are:
• 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
• 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.
Regional Dominance: Which Area Leads the Global Engineering Plastics Market?
Asia-Pacific was the largest region in the engineering plastics market in 2024
