Engineered Plastics Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Type (Polycarbonates, Polyamides, PBT, PET, POM, and PMP); Structure (Amorphous and Semi-crystalline); Application (Automotive & Transportation, Consumer Goods, Electric & Electronics, Industrial & Machinery, Packaging, and Others); and Region and Country

Detailed Analysis of COVID-19 Impact on the Engineered Plastics Market

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186

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Report ID:

UMCH211052

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Research Methodology

Report Description

engineered plastics market
engineered plastics market

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The global engineered plastics market is likely to showcase a growth of around 6% during the forecast period. Over the years, engineered plastics have made strong upheld in a large number of industries over commodity plastics owing to their characteristics like good chemical and temperature resistance, providing strength, toughness, stiffness, and resist wear and abrasion. Industries like automobiles, electrical & electronics, construction, and packaging are some of the major consumers of engineered plastic owing to its industry-preferred properties like lower weight compared to conventionally used metals or glass coupled with help in reducing the cost without compromising on quality. According to industry experts, there are about 30,000 parts in a vehicle, out of which 1/3 are made of plastic. Engineered plastics like polyamide and polycarbonate are commonly used in vehicles. For instance, in automotive fuel systems, the most widely used plastics are PAs such as PA12, PA6, and PA66, due to their combination of balanced mechanical properties and relatively good barrier properties to hydrocarbons. Further, a typical vehicle incorporates 10 kilograms of polycarbonate in various forms.

Insights Presented in the Report

“Amongst type, polyamides held a prominent share in the market in 2020”

Based on type, the market is categorized into polycarbonates, polyamides, PBT, PET, POM, and PMP. Among these, polyamides accounted for a significant share in the market as it is widely consumed in automotive & transportation markets, consumer goods and electrical and electronics applications among others. For instance, in automotive fuel systems, the most widely used plastics are PAs such as PA12, PA6, and PA66, due to their combination of balanced mechanical properties and relatively good barrier properties to hydrocarbons.

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“Amongst structure, semi-crystalline accounted for a significant share in 2020”

Based on structure, the market is bifurcated into amorphous and semi-crystalline. Of both, semi-crystalline accounted for a prominent share in the market. This can be ascribed to the fact that the majority of engineered plastics have semi-crystalline structures. Further, the demand for these engineered plastics is growing thereby it is expected that the semi-crystalline engineered plastics would maintain a strong market share during the foreseeable future.

“Asia-Pacific is expected to showcase significant growth during the forecast period”

For a better understanding of the market adoption of Engineered Plastics, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and Rest of World. Asia-Pacific accounted for a significant share in the market and is expected to showcase substantial growth during the forecast period owing to growing industrial production and increasing investment in setting up new facilities by western players in order to take advantage of lower labor rates and raw materials. Further, the growing population and increasing urbanization coupled with improving per-capita income boost the demand from the end-use industry, thereby increasing the demand for engineered plastics.

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive country-level analysis of the industry


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1.1.Market Definitions
1.2.Limitation
1.3.Stake Holders
1.4.Currency used in Report
2.1.Research Process of the Engineered Plastics Market
2.2.Research Methodology of the Engineered Plastics Market
2.3.Forecasting Method  
2.4.Respondent Profile  
2.5.Main Objective of the Engineered Plastics Market Study
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY
5GLOBAL ENGINEERED PLASTICS MARKET COVID-19 IMPACT
6GLOBAL ENGINEERED PLASTICS MARKET REVENUE (USD MN), 2019-2027F
7.1.Polycarbonates 
7.2.Polyamides 
7.3.Polybutylene Terephthalate (PBT)
7.4.Polyethylene Terephthalate (PET)
7.5.Polyoxymethylene (POM)
7.6.Polymethylpentene (PMP)
8.1.Amorphous
8.2.Semi-crystalline
9.1.Automotive & Transportation
9.2.Consumer Goods 
9.3.Electric & Electronics
9.4.Industrial & Machinery
9.5.Packaging  
9.6.Others  
10.1.North America Engineered Plastics Market 
 10.1.1.The United States
 10.1.2.Canada
 10.1.3.Rest of North America
10.2.Europe Engineered Plastics Market 
 10.2.1.Germany
 10.2.2.France
 10.2.3.The United Kingdom
 10.2.4.Italy
 10.2.5.Spain
 10.2.6.Rest of Europe
10.3.Asia-Pacific Engineered Plastics Market
 10.3.1.China
 10.3.2.Japan
 10.3.3.India
 10.3.4.Australia
 10.3.5.Rest of Asia-Pacific
10.4.Rest of World Engineered Plastics Market 
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12ENGINEERED PLASTICS MARKET OPPORTUNITIES
13ENGINEERED PLASTICS MARKET TRENDS
14.1.Demand Side Analysis
14.2.Supply Side Analysis
15VALUE CHAIN ANALYSIS
16.1.Porters Fiver Forces Analysis
17.1.BASF SE 
17.2.Covestro AG
17.3.Solvay S.A.
17.4.SABIC 
17.5.Celanese Corporation
17.6.Evonik Industries AG
17.7.The Ensinger Group
17.8.LG Chem Ltd.
17.9.Lanxess AG
17.10.Mitsubishi Chemical Holdings Corporation
18DISCLAIMER

Research Methodology

Research Methodology for Global Engineered Plastics Market Analysis (2019-2027)

Analyzing the historical market, estimating the current market, and forecasting the future market of engineered plastics, three major steps are undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the engineered plastics industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of engineered plastics through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the engineered plastics market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. The major segment is included in the report by type, structure, and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of engineered plastics globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of engineered plastics. Further, we conducted factor analysis using dependent and independent variables such as growing end-use industries and fluctuating raw material prices. A thorough analysis was conducted for demand and supply-side scenarios considering an increasing investment, top partnerships, mergers and acquisitions, business expansion, and product launches in the Engineered Plastics industry.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global engineered plastics market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the bottom-up approach were applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of engineered plastics across the major markets
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the engineered plastics market. Also, the growth strategies adopted by these players to compete in the fast-growing market.


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants by Stakeholders and Region

engineered plastics market
engineered plastics market

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Engineered Plastics market. Data was split into several segments & sub-segments post studying various parameters and trends in the area of type, structure, and application.

The main objective of the Engineered Plastics market study

The current & future market trends of global Engineered Plastics were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of engineered plastics in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segment in the study include the area of type, structure, and application
  • Defined analysis of the regulatory framework for the engineered plastics industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of engineered plastics for the major countries
  • Major regions/countries analyzed in the report include North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
  • Company profiles of the engineered plastics market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country-level analysis of the industry

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