How big is the engineering plastics market?

The global engineering plastics Market size was estimated at USD 133.62 billion in 2023 and is expected to reach USD 146.80 billion in 2024.

What is the engineering plastics market growth?

The global engineering plastics market is expected to grow at a compound annual growth rate of 7.8% from 2024 to 2030 and reach USD 230.64 billion by 2030.

Which segment accounted for the largest engineering plastics market share?

Based on region, Asia Pacific was the largest market, with a revenue share of over 46% in 2023, owing to the high demand from packaging, construction, and automotive industries in the region.

Who are the key players in engineering plastics market?

Some of the key players operating in the engineering plastics market include Berry Global Inc., Mitsubishi Engineering-Plastics Corporation, Evonik Industries AG, Eastman Chemical Company, and Ravago.

What are the factors driving the engineering plastics market?

Key factors that are driving the engineering plastics market is the increasing use of engineering plastics in automotive components such as bumpers, interior trims, and dashboards, as opposed to alloys and metals, has been a major factor driving this sector.