Asia Pacific Engineering Plastic Market

Asia Pacific Engineering Plastic Market by Product Types (Fluoropolymers, Polycarbonate, Polyethylene Terephthalate, Polybutylene Terephthalate, Polyoxymethylene, Polymethyl Methacrylate, Polyphenylene Oxide, Polyphenylene Sulfide, Styrene Copolymers, Liquid Crystal Polymers, Polyether Ether Ketone, Polyimides, and Polyamides), Applications (Automotive and Transportation, Building & Construction, Consumer Goods, Electrical & Electronics, Industrial and Machinery, Packaging, and Medical), and Geography (India, Japan, China, South Korea, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CM-1940
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 216
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The Asia Pacific engineering plastic market size is expected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for engineering plastics in the automotive industry due to demand for production of light vehicles.

Asia Pacific Engineering Plastic Market

Plastics, also called as polymers, are used to make a wide variety of products, from paper clips to spacecraft due to their versatility, ease of manufacturing, ductility, lightness, water resistance, and low cost. The cause of polymer degradation prompts manufacturers to use renewable resources plastics made from renewable biomass sources such as corn, starch, and food waste are called bio plastics. Growing demand for plastic packaging solutions to protect products is an important driving force for the market. Engineering plastics are a group of plastics with the best mechanical and thermal properties. The motor uses a group of plastics such as polystyrene and polyethylene. These materials have special properties such as high strength, high wear resistance, and fatigue resistance. Engineering plastics are manufactured for special applications, so they are expensive.

The Covid-19 pandemic affected the demand and supply of Asia Pacific engineering plastic market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for engineering plastic from packaging industry is expected to boost the market during the forecast period.
  • Rapid growth of the automotive industry owing to demand for light weight vehicles is major factors fueling the market during the forecast period.
  • Growing environmental awareness and adoption of bio-based products is anticipated to drive the market during forecast period.
  • High volatility in raw material prices is projected to hamper the market growth.
  • Stringent regulations by government on the usage of harmful plastics act as major factors that can restrict the market growth during the forecast period.
  • R&D investment and development of eco-friendly plastics and introduction of electric vehicles in the market is expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the Asia Pacific engineering plastics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Asia Pacific Engineering Plastics Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Types (Fluoropolymers, Polycarbonate, Polyethylene Terephthalate, Polybutylene Terephthalate, Polyoxymethylene, Polymethyl Methacrylate, Polyphenylene Oxide, Polyphenylene Sulfide, Styrene Copolymers, Liquid Crystal Polymers, Polyether Ether Ketone, Polyimides, and Polyamides), and Applications (Automotive & Transportation, Building and Construction, Consumer Goods, Electrical & Electronics, Industrial & Machinery, Packaging, and Medical)

Geography: Asia Pacific

India, Japan, China, South Korea, and Rest of Asia Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

DuPont; Solvay; BASF SE; Convestro AG; and SABIC

Market Segment Insights

The polyethylene terephthalate segment is projected to hold a major market share

On the basis of product types, the Asia Pacific engineering plastic market is divided into polybutylene terephthalate, polycarbonate, polyethylene terephthalate, fluoropolymers, polymethyl methacrylate, polyphenylene sulfide, polyoxymethylene, styrene copolymers, liquid crystal polymers, polyether ether ketone, polyphenylene oxide, polyimides, and polyamides. The polyethylene terephthalate segment is expected to represent a key share of the market during the forecast period. PET resin is known for its excellent melt flow properties, strict mold tolerances, and high cavity productivity. PET and polyolefin are most widely used materials in the plastic packaging industry. These products mainly include takeaway containers, frozen foods, lemonade and juice, tomato paste, mineral water, canned food, and baking containers. They are also used in the food industry to make mussels, gourmet packaging, and microwave food trays. On the other hand, the polyamides segment is anticipated to expand at a rapid pace during the forecast period. Polyamide is mainly used in the textile industry because of its strong and flexible properties. These advantages make it suitable for clothing, carpets, and other products.

Asia Pacific Engineering Plastic Market

The automotive & transportation segment is expected to register at a significant pace

Based on applications, the market is segmented into automotive & transportation, building & construction, consumer goods, electrical & electronics, industrial & machinery, packaging, and medical. The automotive & transportation segment is expected to hold a key share of the market during the forecast period owing to increasing use of lightweight materials to meet the industry's goals of increasing carbon dioxide emissions and improving fuel efficiency.

Asia Pacific Engineering Plastic Market

 China is anticipated to dominate the market

On the basis of regions, the Asia Pacific engineering plastics market is classified as India, Japan China, South Korea, and Rest of Asia Pacific. The market in China is anticipated to expand at a high CAGR during the forecast period. In recent years, sufficient supply of raw materials and low production costs have contributed to the increase in the output of the country's engineering plastics market.

Due to population growth, urbanization, and the replacement of many metals with suitable engineering plastics in various industries such as packaging and automobiles, the consumption of engineering plastics has increased. Automotive industry is one of the rapidly growing industries in the country, owing to rising consumer disposable income and increasing vehicle production. With rise in the disposable income of the middle class, the demand for electronic products is expected to drive demand for engineering plastics such as polycarbonate and ABS.

Asia Pacific Engineering Plastic Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Engineering Plastic Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Engineering Plastic Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Engineering Plastic Market - Supply Chain
  4.5. Global Engineering Plastic Market Forecast
     4.5.1. Engineering Plastic Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Engineering Plastic Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Engineering Plastic Market Absolute $ Opportunity
5. Global Engineering Plastic Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Engineering Plastic Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Engineering Plastic Demand Share Forecast, 2019-2026
6. North America Engineering Plastic Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Engineering Plastic Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Engineering Plastic Demand Share Forecast, 2019-2026
7. Latin America Engineering Plastic Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Engineering Plastic Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Engineering Plastic Demand Share Forecast, 2019-2026
8. Europe Engineering Plastic Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Engineering Plastic Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Engineering Plastic Demand Share Forecast, 2019-2026
9. Asia Pacific Engineering Plastic Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Engineering Plastic Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Engineering Plastic Demand Share Forecast, 2019-2026
10. Middle East & Africa Engineering Plastic Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Engineering Plastic Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Engineering Plastic Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Engineering Plastic Market: Market Share Analysis
  11.2. Engineering Plastic Distributors and Customers
  11.3. Engineering Plastic Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. DuPont Solvay BASF SE Convestro AG SABIC

Segments Covered in the Report

The Asia Pacific engineering plastics market has been segmented on the basis of

Product Types

  • Fluoropolymers
  • Polycarbonate
  • Polyethylene Terephthalate
  • Polybutylene Terephthalate
  • Polyoxymethylene
  • Polymethyl Methacrylate
  • Polyphenylene Oxide
  • Polyphenylene Sulfide
  • Styrene Copolymers
  • Liquid Crystal Polymers
  • Polyether Ether Ketone
  • Polyimides
  • Polyamides

Applications

  • Automotive & Transportation
  • Building & Construction
  • Consumer Goods
  • Electrical & Electronics
  • Industrial & Machinery
  • Packaging
  • Medical

Geography

  • India
  • Japan
  • China
  • South Korea
  • Rest of Asia Pacific

Key Players

  • DuPont
  • Solvay
  • BASF SE
  • Convestro AG
  • SABIC

Key players competing in the engineering plastics market include DuPont; Solvay; BASF SE; Convestro AG; and SABIC

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Asia Pacific Engineering Plastic Market

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