엔지니어링 플라스틱 시장 규모, 점유율, 성장, 세계 산업 분석 : 유형별 및 용도별, 지역별 인사이트와 예측(2024-2032년)

Growth Factors of engineering plastics Market

The global engineering plastics market continues to gain momentum as industries increasingly shift toward lightweight, durable, and high-performance materials. According to the latest market assessment, the engineering plastics market size was valued at USD 121.05 billion in 2024, demonstrating strong global demand across automotive, electronics, packaging, industrial machinery, and construction sectors. The market is projected to rise sharply to USD 184.66 billion in 2025, supported by robust industrial expansion and increasing technological innovations. By 2032, the market is expected to reach USD 20.15 billion, reflecting continued advancements and evolving end-user needs throughout the forecast period.

Market Overview

Engineering plastics are advanced polymers known for their superior mechanical strength, thermal stability, chemical resistance, and durability, offering significant advantages over commodity plastics. These high-performance materials are widely adopted across automotive applications for lightweight components, electrical and electronics for housings and connectors, industrial machinery for precision parts, packaging for durable films, and construction for piping and fittings. In recent years, the market has also seen rising demand from the medical and aerospace industries due to their need for biocompatible, sterilizable, and structurally reliable materials.

Key players driving innovation and expansion in this market include BASF SE, Covestro AG, SABIC, Celanese Corporation, and DuPont, all of which are investing in next-generation materials and sustainable solutions to meet global demand.

Engineering Plastics Market Trends

A major trend shaping market growth is the increasing use of high-performance plastics in the healthcare sector. In 2024, medical manufacturers significantly increased their reliance on sterilizable polymers capable of withstanding repeated autoclave cycles. These materials are essential for the production of diagnostic equipment, surgical tools, and ergonomic medical devices. Rising global healthcare demand and stringent FDA requirements continue to influence material selection, reinforcing the importance of lightweight yet durable engineering plastics.

Market Dynamics

Market Drivers

In 2025, the rise of smart home technologies, wearable devices, and miniaturized electronics significantly boosted demand for advanced polymers. Materials such as polycarbonate (PC) and polyetheretherketone (PEEK) are favored for their thermal stability, electrical insulation, and flame-retardant properties, which are essential for high-voltage and precision components. The continued expansion of 5G communication systems and the growing consumer electronics industry further amplify market growth.

Emerging markets have shown rapid adoption of these technologies, making engineering plastics a crucial enabler of ongoing digital transformation.

Market Restraints

Despite strong market growth, high production costs of polymers such as polyamide, PEEK, and PC remain a key challenge. These materials require specialized processing techniques and premium raw materials, making them more expensive than conventional plastics. Additionally, limited recycling capabilities pose environmental concerns, as many engineering plastics do not easily integrate into circular economy models.

Market Opportunities

Innovations in 3D printing (additive manufacturing) are creating new opportunities for engineering plastics between 2025 and 2032. High-performance polymers used in 3D printing offer strength, precision, and thermal resistance for aerospace components, automotive prototypes, and medical implants. As 3D printing becomes more affordable, use of engineered plastics in custom and small-batch manufacturing is expected to rise substantially.

Regional Insights

Asia Pacific

Asia Pacific dominated the market in 2024 with a valuation of USD 48.56 billion, driven by expanding industries such as packaging, electronics, and food & beverage in China, India, Thailand, and Singapore. Government support for electrical and electronics production further boosts regional growth.

North America

North America's growth is supported by increasing adoption of antimicrobial materials, advanced packaging solutions, and lightweight automotive components. Rising interest in electric vehicles and bio-based plastics continues to strengthen the market outlook.

Europe

Europe remains a major hub due to strong automotive and aerospace sectors. The region's growing shift toward lightweight and fuel-efficient materials is accelerating the use of engineering plastics across both transportation and electronics.

Conclusion

With a market value rising from USD 121.05 billion in 2024 to USD 184.66 billion in 2025, and projected to reach USD 20.15 billion by 2032, the engineering plastics market demonstrates strong long-term potential. Supported by technological innovation, sustainability initiatives, and growing industrial applications, engineering plastics are positioned to remain a foundational material category in the global manufacturing ecosystem.

Segmentation By Type

• Polyamide (PA)
• Polycarbonate (PC)
• Styrene Copolymers (ABS and SAN)
• Polyoxymethylene (POM)
• Thermoplastic Polyester
• Others

By End-use Industry

• Electrical & Electronics
• Packaging
• Automotive
• Industrial and Machinery
• Building and Construction
• Others

By Region

• North America (By Type, By End-use Industry, and By Country)
  • U.S. (By End-use Industry)
  • Canada (By End-use Industry)
• Europe (By Type, By End-use Industry, and By Country)
  • Germany (By End-use Industry)
  • France (By End-use Industry)
  • U.K. (By End-use Industry)
  • Italy (By End-use Industry)
  • Rest of Europe (By End-use Industry)
• Asia Pacific (By Type, By End-use Industry, and By Country)
  • China (By End-use Industry)
  • India (By End-use Industry)
  • Japan (By End-use Industry)
  • South Korea (By End-use Industry)
  • Rest of Asia Pacific (By End-use Industry)
• Latin America (By Type, By End-use Industry, and By Country)
  • Brazil (By End-use Industry)
  • Mexico (By End-use Industry)
  • Rest of Latin America (By End-use Industry)
• Middle East & Africa (By Type, By End-use Industry, and By Country)
  • Saudi Arabia (By End-use Industry)
  • South Africa (By End-use Industry)
  • Rest of Middle East & Africa (By End-use Industry)

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities

4. Key Insights

• 4.1. Key Market Trends in the Global Market
• 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
• 4.3. Latest Technological Advancement
• 4.4. Insights on Sustainability
• 4.5. Porters Five Forces Analysis
• 4.6. Tariff Impact Analysis
• 4.7. Price Trend Analysis

5. Global Engineering Plastics Market Analysis, Insights and Forecast, 2019-2032

• 5.1. Key Findings / Summary
• 5.2. By Type
  • 5.2.1. Polyamide (PA)
  • 5.2.2. Polycarbonate (PC)
  • 5.2.3. Styrene Copolymers (ABS and SAN)
  • 5.2.4. Polyoxymethylene (POM)
  • 5.2.5. Thermoplastic Polyester
  • 5.2.6. Others
• 5.3. By End-use Industry
  • 5.3.1. Electrical & Electronics
  • 5.3.2. Packaging
  • 5.3.3. Automotive
  • 5.3.4. Industrial and Machinery
  • 5.3.5. Building and Construction
  • 5.3.6. Others
• 5.4. By Region
  • 5.4.1. North America
  • 5.4.2. Europe
  • 5.4.3. Asia Pacific
  • 5.4.4. Latin America
  • 5.4.5. Middle East & Africa

6. North America Engineering Plastics Market Analysis, Insights and Forecast, 2019-2032

• 6.1. Key Findings / Summary
• 6.2. By Type
  • 6.2.1. Polyamide (PA)
  • 6.2.2. Polycarbonate (PC)
  • 6.2.3. Styrene Copolymers (ABS and SAN)
  • 6.2.4. Polyoxymethylene (POM)
  • 6.2.5. Thermoplastic Polyester
  • 6.2.6. Others
• 6.3. By End-use Industry
  • 6.3.1. Electrical & Electronics
  • 6.3.2. Packaging
  • 6.3.3. Automotive
  • 6.3.4. Industrial and Machinery
  • 6.3.5. Building and Construction
  • 6.3.6. Others
• 6.4. By Country
  • 6.4.1. U.S.
    • 6.4.1.1. By End-use Industry
      • 6.4.1.1.1. Electrical & Electronics
      • 6.4.1.1.2. Packaging
      • 6.4.1.1.3. Automotive
      • 6.4.1.1.4. Industrial and Machinery
      • 6.4.1.1.5. Building and Construction
      • 6.4.1.1.6. Others
  • 6.4.2. Canada
    • 6.4.2.1. By End-use Industry
      • 6.4.2.1.1. Electrical & Electronics
      • 6.4.2.1.2. Packaging
      • 6.4.2.1.3. Automotive
      • 6.4.2.1.4. Industrial and Machinery
      • 6.4.2.1.5. Building and Construction
      • 6.4.2.1.6. Others

7. Europe Engineering Plastics Market Analysis, Insights and Forecast, 2019-2032

• 7.1. Key Findings / Summary
• 7.2. By Type
  • 7.2.1. Polyamide (PA)
  • 7.2.2. Polycarbonate (PC)
  • 7.2.3. Styrene Copolymers (ABS and SAN)
  • 7.2.4. Polyoxymethylene (POM)
  • 7.2.5. Thermoplastic Polyester
  • 7.2.6. Others
• 7.3. By End-use Industry
  • 7.3.1. Electrical & Electronics
  • 7.3.2. Packaging
  • 7.3.3. Automotive
  • 7.3.4. Industrial and Machinery
  • 7.3.5. Building and Construction
  • 7.3.6. Others
• 7.4. By Country
  • 7.4.1. Germany
    • 7.4.1.1. By End-use Industry
      • 7.4.1.1.1. Electrical & Electronics
      • 7.4.1.1.2. Packaging
      • 7.4.1.1.3. Automotive
      • 7.4.1.1.4. Industrial and Machinery
      • 7.4.1.1.5. Building and Construction
      • 7.4.1.1.6. Others
  • 7.4.2. France
    • 7.4.2.1. By End-use Industry
      • 7.4.2.1.1. Electrical & Electronics
      • 7.4.2.1.2. Packaging
      • 7.4.2.1.3. Automotive
      • 7.4.2.1.4. Industrial and Machinery
      • 7.4.2.1.5. Building and Construction
      • 7.4.2.1.6. Others
  • 7.4.3. U.K.
    • 7.4.3.1. By End-use Industry
      • 7.4.3.1.1. Electrical & Electronics
      • 7.4.3.1.2. Packaging
      • 7.4.3.1.3. Automotive
      • 7.4.3.1.4. Industrial and Machinery
      • 7.4.3.1.5. Building and Construction
      • 7.4.3.1.6. Others
  • 7.4.4. Italy
    • 7.4.4.1. By End-use Industry
      • 7.4.4.1.1. Electrical & Electronics
      • 7.4.4.1.2. Packaging
      • 7.4.4.1.3. Automotive
      • 7.4.4.1.4. Industrial and Machinery
      • 7.4.4.1.5. Building and Construction
      • 7.4.4.1.6. Others
  • 7.4.5. Rest of Europe
    • 7.4.5.1. By End-use Industry
      • 7.4.5.1.1. Electrical & Electronics
      • 7.4.5.1.2. Packaging
      • 7.4.5.1.3. Automotive
      • 7.4.5.1.4. Industrial and Machinery
      • 7.4.5.1.5. Building and Construction
      • 7.4.5.1.6. Others

8. Asia-Pacific Engineering Plastics Market Analysis, Insights and Forecast, 2019-2032

• 8.1. Key Findings / Summary
• 8.2. By Type
  • 8.2.1. Polyamide (PA)
  • 8.2.2. Polycarbonate (PC)
  • 8.2.3. Styrene Copolymers (ABS and SAN)
  • 8.2.4. Polyoxymethylene (POM)
  • 8.2.5. Thermoplastic Polyester
  • 8.2.6. Others
• 8.3. By End-use Industry
  • 8.3.1. Electrical & Electronics
  • 8.3.2. Packaging
  • 8.3.3. Automotive
  • 8.3.4. Industrial and Machinery
  • 8.3.5. Building and Construction
  • 8.3.6. Others
• 8.4. By Country
  • 8.4.1. China
    • 8.4.1.1. By End-use Industry
      • 8.4.1.1.1. Electrical & Electronics
      • 8.4.1.1.2. Packaging
      • 8.4.1.1.3. Automotive
      • 8.4.1.1.4. Industrial and Machinery
      • 8.4.1.1.5. Building and Construction
      • 8.4.1.1.6. Others
  • 8.4.2. India
    • 8.4.2.1. By End-use Industry
      • 8.4.2.1.1. Electrical & Electronics
      • 8.4.2.1.2. Packaging
      • 8.4.2.1.3. Automotive
      • 8.4.2.1.4. Industrial and Machinery
      • 8.4.2.1.5. Building and Construction
      • 8.4.2.1.6. Others
  • 8.4.3. Japan
    • 8.4.3.1. By End-use Industry
      • 8.4.3.1.1. Electrical & Electronics
      • 8.4.3.1.2. Packaging
      • 8.4.3.1.3. Automotive
      • 8.4.3.1.4. Industrial and Machinery
      • 8.4.3.1.5. Building and Construction
      • 8.4.3.1.6. Others
  • 8.4.4. South Korea
    • 8.4.4.1. By End-use Industry
      • 8.4.4.1.1. Electrical & Electronics
      • 8.4.4.1.2. Packaging
      • 8.4.4.1.3. Automotive
      • 8.4.4.1.4. Industrial and Machinery
      • 8.4.4.1.5. Building and Construction
      • 8.4.4.1.6. Others
  • 8.4.5. Rest of Asia-Pacific
    • 8.4.5.1. By End-use Industry
      • 8.4.5.1.1. Electrical & Electronics
      • 8.4.5.1.2. Packaging
      • 8.4.5.1.3. Automotive
      • 8.4.5.1.4. Industrial and Machinery
      • 8.4.5.1.5. Building and Construction
      • 8.4.5.1.6. Others

9. Latin America Engineering Plastics Market Analysis, Insights and Forecast, 2019-2032

• 9.1. Key Findings / Summary
• 9.2. By Type
  • 9.2.1. Polyamide (PA)
  • 9.2.2. Polycarbonate (PC)
  • 9.2.3. Styrene Copolymers (ABS and SAN)
  • 9.2.4. Polyoxymethylene (POM)
  • 9.2.5. Thermoplastic Polyester
  • 9.2.6. Others
• 9.3. By End-use Industry
  • 9.3.1. Electrical & Electronics
  • 9.3.2. Packaging
  • 9.3.3. Automotive
  • 9.3.4. Industrial and Machinery
  • 9.3.5. Building and Construction
  • 9.3.6. Others
• 9.4. By Country
  • 9.4.1. Brazil
    • 9.4.1.1. By End-use Industry
      • 9.4.1.1.1. Electrical & Electronics
      • 9.4.1.1.2. Packaging
      • 9.4.1.1.3. Automotive
      • 9.4.1.1.4. Industrial and Machinery
      • 9.4.1.1.5. Building and Construction
      • 9.4.1.1.6. Others
  • 9.4.2. Mexico
    • 9.4.2.1. By End-use Industry
      • 9.4.2.1.1. Electrical & Electronics
      • 9.4.2.1.2. Packaging
      • 9.4.2.1.3. Automotive
      • 9.4.2.1.4. Industrial and Machinery
      • 9.4.2.1.5. Building and Construction
      • 9.4.2.1.6. Others
  • 9.4.3. Rest of Latin America
    • 9.4.3.1. By End-use Industry
      • 9.4.3.1.1. Electrical & Electronics
      • 9.4.3.1.2. Packaging
      • 9.4.3.1.3. Automotive
      • 9.4.3.1.4. Industrial and Machinery
      • 9.4.3.1.5. Building and Construction
      • 9.4.3.1.6. Others

10. Middle East & Africa Engineering Plastics Market Analysis, Insights and Forecast, 2019-2032

• 10.1. Key Findings / Summary
• 10.2. By Type
  • 10.2.1. Polyamide (PA)
  • 10.2.2. Polycarbonate (PC)
  • 10.2.3. Styrene Copolymers (ABS and SAN)
  • 10.2.4. Polyoxymethylene (POM)
  • 10.2.5. Thermoplastic Polyester
  • 10.2.6. Others
• 10.3. By End-use Industry
  • 10.3.1. Electrical & Electronics
  • 10.3.2. Packaging
  • 10.3.3. Automotive
  • 10.3.4. Industrial and Machinery
  • 10.3.5. Building and Construction
  • 10.3.6. Others
• 10.4. By Country
  • 10.4.1. SAUDI ARABIA
    • 10.4.1.1. By End-use Industry
      • 10.4.1.1.1. Electrical & Electronics
      • 10.4.1.1.2. Packaging
      • 10.4.1.1.3. Automotive
      • 10.4.1.1.4. Industrial and Machinery
      • 10.4.1.1.5. Building and Construction
      • 10.4.1.1.6. Others
  • 10.4.2. South Africa
    • 10.4.2.1. By End-use Industry
      • 10.4.2.1.1. Electrical & Electronics
      • 10.4.2.1.2. Packaging
      • 10.4.2.1.3. Automotive
      • 10.4.2.1.4. Industrial and Machinery
      • 10.4.2.1.5. Building and Construction
      • 10.4.2.1.6. Others
  • 10.4.3. Rest of Middle East & Africa
    • 10.4.3.1. By End-use Industry
      • 10.4.3.1.1. Electrical & Electronics
      • 10.4.3.1.2. Packaging
      • 10.4.3.1.3. Automotive
      • 10.4.3.1.4. Industrial and Machinery
      • 10.4.3.1.5. Building and Construction
      • 10.4.3.1.6. Others

11. Competitive Landscape

• 11.1. Company Market Share/Ranking Analysis, By Key Players, 2024
• 11.2. Company Profiles
  • 11.2.1. BASF SE
    • 11.2.1.1. Overview
    • 11.2.1.2. Description
    • 11.2.1.3. Product Portfolio
    • 11.2.1.4. Financials (Data as available in public domain and/or on paid databases)
    • 11.2.1.5. Recent Developments

12. Similar information has been provided for all the below companies

• 12.1. SABIC
  • 12.1.1. DuPont
  • 12.1.2. LG Chem
  • 12.1.3. Covestro AG
  • 12.1.4. Celanese Corporation
  • 12.1.5. Mitsubishi Engineering-Plastics Corporation
  • 12.1.6. Asahi Kasei Corporation.
  • 12.1.7. Toray
  • 12.1.8. Ensinger

13. Strategic Recommendations