Engineering Plastic Industry Size, Share, Demand & Growth by 2033
The engineering plastic market share, valued at USD 101,000.57 million in 2022, is projected
to reach USD 108,000.92 million in 2023 and is expected to grow at a robust CAGR of 7.2%
over the forecast period. By 2033, the market is anticipated to more than double, reaching an
impressive USD 216,458.83 million. This significant growth is driven by the increasing
demand for high-performance materials across various industries, including automotive,
electronics, and consumer goods, which require advanced properties such as durability,
thermal stability, and chemical resistance.
The rise of the engineering plastic market is linked with the rise of industrialization.
Industries like automotive, residential, and food & beverage are all making use of
engineering plastics. With the rise of incomes all over the world and developing lifestyles, the
demand for products like packaged food and cars is increasing. Thus, the rapidly evolving
industries are shaping the engineering plastic market.
Engineering plastic is also being used at the forefront of technology. As technology reaches
new frontiers, the use of engineering plastic in the electric and electronics industry is
expanding. The use of engineering plastic in such advanced fields as robotics, 5G technology,
and spacecraft drives the market forward.
The popularity of engineering plastic is due to several benefits provided by the product to
manufacturers. Toughness, durability, and chemical resistance are some of the factors that
make engineering plastic popular among industry players. The product is easy to handle as
well as being lightweight, is also endearing to manufacturers. Companies in the market are
investing in research and development to further bolster the qualities of engineering plastic as
well as to come up with new products.
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엔지니어링 플라스틱 시장의 주요 요점
엔지니어링 플라스틱 시장은 2023년에 1,08,000.92백만 달러의 가치가 있을 것으로
추산됩니다.
아크릴로니트릴 부타디엔 스티렌(ABS)과 스티렌 아크릴로니트릴(SAN)이 가장
일반적인 제품 유형입니다. ABS와 SAN은 2023년 제품 유형별로 시장 점유율의
28.6%를 차지할 것으로 예상됩니다.
엔지니어링 플라스틱은 전기 및 전자 산업에 가장 일반적으로 적용됩니다. 전기 및
전자 응용 분야는 2023년 시장 점유율의 36%를 차지할 것으로 예상됩니다.
인도와 중국은 시장에 유망한 두 아시아 국가입니다. 2023년에서 2033년까지의 예측
기간 동안 시장은 인도와 중국에서 각각 9.8%와 9.7%의 CAGR로 성장할 것으로
예상됩니다.
미국과 캐나다가 북미를 선도하고 있습니다. 예측 기간 동안 미국과 캐나다는 각각
7.5%와 6.5%의 CAGR로 성장할 것으로 예측됩니다.
프랑스는 유럽에서 가장 빠른 성장률을 보일 것으로 예상됩니다. 예측 기간 동안
프랑스 시장의 CAGR은 6.1%로 책정되었습니다.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends
from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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