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South America Engineering Plastics Market Size Report 2031
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South America Engineering Plastics Market Size Report 2031

Segments - South America Engineering Plastics Market by Types (Polycarbonate, Polyamide, ABS, PET & PBT, POM, Fluor polymers), Applications (Automotive & Transport, Electrical & Electronics, Industrial & Machinery, Packaging, Consumer Appliances), and Geography (Brazil, Argentina, Colombia, Chile, and Rest of South America) - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-2392 | 4.6 Rating | 66 Reviews | 189 Pages | Format : PDF Excel PPT

Report Description


The South America Engineering Plastics Market size was valued at USD 4.88 Billion in 2022 and is expected to surpass USD 9.13 Billion by 2031, expanding at a CAGR of 7.21% during the forecast period, 2023 – 2031. 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.

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.

South America Engineering Plastics Market Outlook

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 South 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.

  • 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 South America Engineering Plastics Market Report

The report on the South 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

South America Engineering Plastics Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Polycarbonate, Polyamide, ABS, PET & PBT, POM, Fluor polymers), End-Users (Automotive & Transport, Electrical & Electronics, Industrial & Machinery, Packaging, Consumer Appliances)

Geographical Scope

Brazil, Argentina, Colombia, Chile, and Rest of South America

Report Coverage

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

Key Players Covered in the Report

BASF SE, SABIC, Solvay, Covestro AG, and DuPont


South America Engineering Plastics Market Segment Insights:

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

Based on types, the South America engineering plastics market is segregated into polycarbonate, polyamide, ABS, PET & PBT, POM, Fluor polymers. 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.

South America Engineering Plastics Market Types

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

On the basis of end-users, the South America engineering plastics market is segregated into automotive & transport, electrical & electronics, industrial & machinery, packaging, consumer appliances. 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.

The market in Brazil is projected to hold a major market share

In terms of regions, the South America engineering plastics market is classified as Brazil, Argentina, Colombia, Chile, and Rest of South America. Brazil is anticipated to dominate the market. The construction of new hotels, as well as the expansion of existing hotels, is expected to boost commercial construction in Brazil. The infrastructure sector in the country is currently in flux. Brazil's packaging material production is steadily increasing, with a value of approximately USD 71.5 billion, representing a 5.1 % increase.

Segments

The South America engineering plastics market is segmented on the basis of

Types

  • Polycarbonate
  • Polyamide
  • ABS
  • PET & PBT
  • POM
  • Fluoropolymers

End-users

  • Automotive & Transport
  • Electrical & Electronics
  • Industrial & Machinery
  • Packaging
  • Consumer Appliances

Geography

  • Brazil
  • Argentina
  • Colombia
  • Chile
  • Rest of South America

Key Players

Competitive Landscape

Key players in the South America engineering plastics market include BASF SE, SABIC, Solvay, Covestro AG, and DuPont.

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.

South 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 (000’ Units) and Y-o-Y Growth
     4.5.3. Engineering Plastics Market Absolute $ Opportunity
5. Global Engineering Plastics Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Engineering Plastics Market Size and Volume Forecast by Types
     5.3.1. Polycarbonate
     5.3.2. Polyamide
     5.3.3. ABS
     5.3.4. PET & PBT
     5.3.5. POM
     5.3.6. Fluoropolymers
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Engineering Plastics Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Engineering Plastics Market Size and Volume Forecast by End Users
     6.3.1. Automotive & Transport
     6.3.2. Electrical & Electronics
     6.3.3. Industrial & Machinery
     6.3.4. Packaging
     6.3.5. Consumer Appliances
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Engineering Plastics Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Engineering Plastics Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Engineering Plastics Demand Share Forecast, 2019-2026
8. North 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
  8.2. North America Engineering Plastics Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Engineering Plastics Market Size and Volume Forecast by Types
     8.4.1. Polycarbonate
     8.4.2. Polyamide
     8.4.3. ABS
     8.4.4. PET & PBT
     8.4.5. POM
     8.4.6. Fluoropolymers
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Engineering Plastics Market Size and Volume Forecast by End Users
     8.7.1. Automotive & Transport
     8.7.2. Electrical & Electronics
     8.7.3. Industrial & Machinery
     8.7.4. Packaging
     8.7.5. Consumer Appliances
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Engineering Plastics Demand Share Forecast, 2019-2026
9. Latin America 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. Latin America Average Pricing Analysis
  9.2. Latin America Engineering Plastics Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Engineering Plastics Market Size and Volume Forecast by Types
     9.4.1. Polycarbonate
     9.4.2. Polyamide
     9.4.3. ABS
     9.4.4. PET & PBT
     9.4.5. POM
     9.4.6. Fluoropolymers
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Engineering Plastics Market Size and Volume Forecast by End Users
     9.7.1. Automotive & Transport
     9.7.2. Electrical & Electronics
     9.7.3. Industrial & Machinery
     9.7.4. Packaging
     9.7.5. Consumer Appliances
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Engineering Plastics Demand Share Forecast, 2019-2026
10. Europe 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. Europe Average Pricing Analysis
  10.2. Europe Engineering Plastics Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Engineering Plastics Market Size and Volume Forecast by Types
     10.4.1. Polycarbonate
     10.4.2. Polyamide
     10.4.3. ABS
     10.4.4. PET & PBT
     10.4.5. POM
     10.4.6. Fluoropolymers
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Engineering Plastics Market Size and Volume Forecast by End Users
     10.7.1. Automotive & Transport
     10.7.2. Electrical & Electronics
     10.7.3. Industrial & Machinery
     10.7.4. Packaging
     10.7.5. Consumer Appliances
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Engineering Plastics Demand Share Forecast, 2019-2026
11. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Engineering Plastics Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Engineering Plastics Market Size and Volume Forecast by Types
     11.4.1. Polycarbonate
     11.4.2. Polyamide
     11.4.3. ABS
     11.4.4. PET & PBT
     11.4.5. POM
     11.4.6. Fluoropolymers
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Engineering Plastics Market Size and Volume Forecast by End Users
     11.7.1. Automotive & Transport
     11.7.2. Electrical & Electronics
     11.7.3. Industrial & Machinery
     11.7.4. Packaging
     11.7.5. Consumer Appliances
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Engineering Plastics Demand Share Forecast, 2019-2026
12. Middle East & Africa Engineering Plastics Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Engineering Plastics Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Engineering Plastics Market Size and Volume Forecast by Types
     12.4.1. Polycarbonate
     12.4.2. Polyamide
     12.4.3. ABS
     12.4.4. PET & PBT
     12.4.5. POM
     12.4.6. Fluoropolymers
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Engineering Plastics Market Size and Volume Forecast by End Users
     12.7.1. Automotive & Transport
     12.7.2. Electrical & Electronics
     12.7.3. Industrial & Machinery
     12.7.4. Packaging
     12.7.5. Consumer Appliances
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Engineering Plastics Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Engineering Plastics Market: Market Share Analysis
  13.2. Engineering Plastics Distributors and Customers
  13.3. Engineering Plastics Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. BASF SE
     13.4.2. SABIC
     13.4.3. Solvay
     13.4.4. Covestro AG
     13.4.5. DuPont

Methodology

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