North America Engineering Plastics Market Size Report 2031

Segments - North America Engineering Plastics Market by Product Types (Fluoropolymers, Polycarbonate, Polyethylene Terephthalate, Polybutylene Terephthalate, Polyacetal/ Polyoxymethylene, Polymethyl Methacrylate, Polyphenylene Oxide, Polyphenylene Sulfide, Styrene Copolymers, Liquid Crystal Polymers, Polyether Ether Ketone, Polyimides, and Polyamides), Applications (Automotive & Transportation, Building & Construction, Consumer Goods, Electrical & Electronics, Industrial & Machinery, Packaging, and Medical), and Geography (United States, Canada, Mexico, and Rest of North America) – Industrial Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

North America Engineering Plastics Market Outook 2031

The North America engineering plastics market size was USD 13.15 Billion in 2022 and is expected to reach USD 23.14 Billion by 2031 expand at a significant CAGR of around 6.48% during forecast period, 2023-2031. The growth of market is attributed to engineering plastics replacing traditional materials. The engineering plastics market is present in 24 countries across five continents.

Engineering plastics (such as polystyrene, PVC, polypropylene, and polyethylene) are a plastic material with superior mechanical and thermal qualities to more commonly used commodity plastics. Due to their durability, design flexibility, high strength-to-weight ratios, and low densities, engineering plastic is rapidly replacing metal in the construction and automotive industries.

North America Engineering Plastics Market Outlook

The Covid-19 pandemic affected the demand and supply of North America engineering plastics 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.

North America Engineering Plastics Market Trends, Drivers, Restraints, and Opportunities

Polyethylene terephthalate (PET) is a thermoplastic polyester engineering resin mostly used in engineering plastic due to its mechanical and electrical properties, melt flow characteristics, close molding tolerances, and high productivity from multi-cavity molds, which is projected to boost the market.
Rising applications in the aerospace industry, as well as the adoption of green cars, is expected to drive the market.
Slow growth in the automotive and transportation sector due to Covid-19 pandemic condition, restraint the market growth.
Due to current environmental and economic conditions, an increasing demand for lightweight engineering plastic to reduce weight and improve fuel-efficient vehicles is projected to drive the market.
Engineering plastics is mostly used in the electronics, construction, automotive, medical, and various other industries, is help to drive the market.
Green vehicles, as a key to future growth, are predicted to boost the market for the manufactures.

Scope of the North America Engineering Plastics Market Report

The report on the North America 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	Engineering Plastics Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Product Types (Fluoropolymers, Polycarbonate, Polyethylene Terephthalate, Polybutylene Terephthalate, Polyacetal/ Polyoxymethylene, Polymethyl Methacrylate, Polyphenylene Oxide, Polyphenylene Sulfide, Styrene Copolymers, Liquid Crystal Polymers, Polyether Ether Ketone, Polyimides, and Polyamides), Applications (Automotive & Transportation, Building & Construction, Consumer Goods, Electrical & Electronics, Industrial & Machinery, Packaging, and Medical)
Geographic Scope	United States, Canada, Mexico, and Rest of North America
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	SABIC.; BASF SE.; Solvay.; Covestro AG.; DuPont

North America Engineering Plastics Market Segment Insights

The polyethylene terephthalate segment is expected to grow at a rapid pace

Based on product types, the North America engineering plastics market is divided into fluoropolymers, polycarbonate, polyethylene terephthalate, polybutylene terephthalate, polyacetal/ polyoxymethylene, polymethyl methacrylate, polyphenylene oxide, polyphenylene sulfide pps, styrene copolymers, liquid crystal polymers, polyether ether ketone, polyimides, and polyamides.

The polyethylene terephthalate segment is expected to grow at a rapid pace during the forecast period due to electrical and mechanical properties, it helps sensors, switches, motor housings, and other electrical applications. PET is used in industries such as plastic packaging, electronic, food & beverage, and automotive industries. Demand for PET resin is expected to rise throughout the forecast period due to rising demand for beverage packaging and the lack of a suitable substitute for PET resin.

North America Engineering Plastics Market Products Types

The electrical segment is projected to expand at a high CAGR

Based on applications, the North America engineering plastic market is divided into automotive & transportation, building & construction consumer goods, electrical & electronics, industrial & machinery, packaging and medical. The electrical segment is projected to expand at a high CAGR during the forecast period.

Engineering plastics find application in automotive specially in electrical components, exterior & interior furnishings, chassis, power trains, and under the lid parts.

North America Engineering Plastics Market Applications

The United States is anticipated to constitute a key market share

In terms of geography, the North America engineering plastics market is classified as United States, Canada, Mexico, and Rest of North America. United States is expected to constitute a key share of the market during the projected period due to increasing use of engineering plastics in the electronics, construction, automotive, medical and various other industries.

Segments

The North America Engineering plastics market has been segmented on the basis of

Product Types

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

Application

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

Geography

United States
Canada
Mexico
Rest of North America

Key Players

SABIC
BASF SE
Solvay
Covestro AG
DuPont

Competitive Landscape

Key players competing in the North America Engineering Plastics market include SABIC.; BASF SE.; Solvay.; Covestro AG.; DuPont.

These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.

North America Engineering Plastics Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Engineering Plastics 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 Plastics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Engineering Plastics Market - Supply Chain
  4.5. Global Engineering Plastics Market Forecast
     4.5.1. Engineering Plastics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Engineering Plastics Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Engineering Plastics Market Absolute $ Opportunity
5. Global Engineering Plastics Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Engineering Plastics Market Size and Volume Forecast by Applications
     5.3.1. Automotive & Transportation
     5.3.2. Building & Construction
     5.3.3. Consumer Goods
     5.3.4. Electrical & Electronics
     5.3.5. Industrial & Machinery
     5.3.6. Packaging
     5.3.7. Medical
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Engineering Plastics Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Engineering Plastics Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Engineering Plastics Demand Share Forecast, 2019-2026
7. North America Engineering Plastics 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
  7.2. North America Engineering Plastics Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Engineering Plastics Market Size and Volume Forecast by Applications
     7.4.1. Automotive & Transportation
     7.4.2. Building & Construction
     7.4.3. Consumer Goods
     7.4.4. Electrical & Electronics
     7.4.5. Industrial & Machinery
     7.4.6. Packaging
     7.4.7. Medical
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Engineering Plastics Demand Share Forecast, 2019-2026
8. Latin America Engineering Plastics 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. Latin America Average Pricing Analysis
  8.2. Latin America Engineering Plastics Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Engineering Plastics Market Size and Volume Forecast by Applications
     8.4.1. Automotive & Transportation
     8.4.2. Building & Construction
     8.4.3. Consumer Goods
     8.4.4. Electrical & Electronics
     8.4.5. Industrial & Machinery
     8.4.6. Packaging
     8.4.7. Medical
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Engineering Plastics Demand Share Forecast, 2019-2026
9. Europe Engineering Plastics 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. Europe Average Pricing Analysis
  9.2. Europe Engineering Plastics Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Engineering Plastics Market Size and Volume Forecast by Applications
     9.4.1. Automotive & Transportation
     9.4.2. Building & Construction
     9.4.3. Consumer Goods
     9.4.4. Electrical & Electronics
     9.4.5. Industrial & Machinery
     9.4.6. Packaging
     9.4.7. Medical
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Engineering Plastics Demand Share Forecast, 2019-2026
10. Asia Pacific Engineering Plastics 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Engineering Plastics Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Engineering Plastics Market Size and Volume Forecast by Applications
     10.4.1. Automotive & Transportation
     10.4.2. Building & Construction
     10.4.3. Consumer Goods
     10.4.4. Electrical & Electronics
     10.4.5. Industrial & Machinery
     10.4.6. Packaging
     10.4.7. Medical
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Engineering Plastics Demand Share Forecast, 2019-2026
11. Middle East & Africa Engineering Plastics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Engineering Plastics Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Engineering Plastics Market Size and Volume Forecast by Applications
     11.4.1. Automotive & Transportation
     11.4.2. Building & Construction
     11.4.3. Consumer Goods
     11.4.4. Electrical & Electronics
     11.4.5. Industrial & Machinery
     11.4.6. Packaging
     11.4.7. Medical
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Engineering Plastics Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Engineering Plastics Market: Market Share Analysis
  12.2. Engineering Plastics Distributors and Customers
  12.3. Engineering Plastics Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. SABIC
     12.4.2. BASF SE
     12.4.3. Solvay
     12.4.4. Covestro AG
     12.4.5. DuPont