The Asia Pacific Engineering Plastics Market would witness market growth of 5.9% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 13,895.8 kilo tonnes, showcasing a growth of 3.0% (2019-2022).
Acrylonitrile Butadiene Styrene (ABS) stands as a cornerstone within the Engineering Plastics Market, renowned for its versatility and broad application spectrum. ABS, a thermoplastic polymer, boasts a unique combination of properties including excellent impact resistance, rigidity, and thermal stability, making it indispensable across various industries. Therefore, the China market utilized 1,943.2 kilo tonnes of Acrylonitrile Butadiene Styrene (ABS) in 2022.
The China market dominated the Asia Pacific Engineering Plastics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $17,705.4 million by 2030. The Japan market is experiencing a CAGR of 5.2% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 6.5% during (2023 - 2030).
Engineering plastics, also known as technical plastics or high-performance plastics, are a group of plastic materials that exhibit superior mechanical, thermal, chemical, and electrical properties compared to commodity plastics. They are used in many applications where traditional plastics cannot meet the required performance specifications. It is widely used in automotive, aerospace, electronics, healthcare, and consumer goods industries, where performance and reliability are critical.
The manufacturing sector has been significantly transformed through the introduction of engineering plastics, which offer novel resolutions to intricate engineering dilemmas. These materials offer many advantages over traditional plastics, including enhanced mechanical properties, improved dimensional stability, and superior heat, chemicals, and wear resistance. Subsequently, it has been adopted extensively by sectors including consumer goods, healthcare, aerospace, electronics, and automotive.
Furthermore, it is anticipated that the expansion of the packaging industry in India will stimulate the need for engineering plastics in various other sectors. According to the National Investment Promotion & Facilitation Agency, the Indian packaging sector is expected to reach $ 204.81 Bn by 2025, registering a growth rate of 26.7% during 2020-2025. Packaging is currently the 5th largest sector of the Indian economy. Similarly, in terms of value, $3179.24 Mn of paper, paperboard & newsprint was exported in 2021-22, as against $1940.94 Mn in the previous year. This added nearly $1238.30 Mn (in percentage, 63% growth) to the nation's growth. Hence, the increasing demand for engineering plastics in the various industries in the Asia Pacific region is driving the market's growth.
Free Valuable Insights: The Global Engineering Plastics Market is Predict to reach $ 163.4 Billion by 2030, at a CAGR of 5.7%
Based on Type, the market is segmented into Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Thermoplastic Polyester, Polyacetal, Fluoropolymer, and Others. Based on End-User, the market is segmented into Automotive & Transportation, Electrical & Electronics, Consumer Appliances, Industrial & Machinery, Packaging, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- SABIC (Saudi Arabian Oil Co.)
- Lanxess AG
- Solvay SA
- Evonik Industries AG (RAG-Stiftung)
- Arkema S.A.
- LG Chem Ltd. (LG Corporation)
- Bayer AG
- BASF SE
- Celanese Corporation
- DuPont de Nemours, Inc.
Asia Pacific Engineering Plastics Market Report Segmentation
By Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Acrylonitrile Butadiene Styrene
- Polyamide
- Polycarbonate
- Thermoplastic Polyester
- Polyacetal
- Fluoropolymer
- Others
By End-User (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Automotive & Transportation
- Electrical & Electronics
- Consumer Appliances
- Industrial & Machinery
- Packaging
- Others
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
TABLE 1 Asia Pacific Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Acrylonitrile Butadiene Styrene Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Acrylonitrile Butadiene Styrene Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Acrylonitrile Butadiene Styrene Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Acrylonitrile Butadiene Styrene Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Polyamide Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Polyamide Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Polyamide Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Polyamide Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Polycarbonate Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Polycarbonate Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Polycarbonate Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Polycarbonate Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Thermoplastic Polyester Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Thermoplastic Polyester Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Thermoplastic Polyester Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Thermoplastic Polyester Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Polyacetal Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Polyacetal Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Polyacetal Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Polyacetal Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Fluoropolymer Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Fluoropolymer Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Fluoropolymer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Fluoropolymer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 40 Asia Pacific Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 41 Asia Pacific Automotive & Transportation Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Automotive & Transportation Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Automotive & Transportation Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 Asia Pacific Automotive & Transportation Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 Asia Pacific Electrical & Electronics Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Electrical & Electronics Market by Country, 2023 - 2030, USD Million
TABLE 47 Asia Pacific Electrical & Electronics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Asia Pacific Electrical & Electronics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 Asia Pacific Consumer Appliances Market by Country, 2019 - 2022, USD Million
TABLE 50 Asia Pacific Consumer Appliances Market by Country, 2023 - 2030, USD Million
TABLE 51 Asia Pacific Consumer Appliances Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 Asia Pacific Consumer Appliances Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 Asia Pacific Industrial & Machinery Market by Country, 2019 - 2022, USD Million
TABLE 54 Asia Pacific Industrial & Machinery Market by Country, 2023 - 2030, USD Million
TABLE 55 Asia Pacific Industrial & Machinery Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 Asia Pacific Industrial & Machinery Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 Asia Pacific Packaging Market by Country, 2019 - 2022, USD Million
TABLE 58 Asia Pacific Packaging Market by Country, 2023 - 2030, USD Million
TABLE 59 Asia Pacific Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 60 Asia Pacific Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 61 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 62 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 63 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 64 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 65 Asia Pacific Engineering Plastics Market by Country, 2019 - 2022, USD Million
TABLE 66 Asia Pacific Engineering Plastics Market by Country, 2023 - 2030, USD Million
TABLE 67 Asia Pacific Engineering Plastics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 68 Asia Pacific Engineering Plastics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 69 China Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 70 China Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 71 China Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 72 China Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 73 China Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 74 China Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 75 China Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 76 China Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 77 China Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 78 China Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 79 China Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 80 China Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 81 Japan Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 82 Japan Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 83 Japan Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Japan Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Japan Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 86 Japan Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 87 Japan Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 88 Japan Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 89 Japan Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 90 Japan Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 91 Japan Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 92 Japan Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 93 India Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 94 India Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 95 India Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 96 India Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 97 India Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 98 India Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 99 India Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 100 India Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 101 India Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 102 India Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 103 India Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 104 India Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 105 South Korea Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 106 South Korea Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 107 South Korea Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 108 South Korea Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 109 South Korea Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 110 South Korea Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 111 South Korea Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 112 South Korea Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 113 South Korea Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 114 South Korea Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 115 South Korea Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 116 South Korea Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 117 Singapore Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 118 Singapore Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 119 Singapore Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 120 Singapore Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 121 Singapore Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 122 Singapore Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 123 Singapore Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 124 Singapore Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 125 Singapore Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 126 Singapore Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 127 Singapore Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 128 Singapore Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 129 Malaysia Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 130 Malaysia Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 131 Malaysia Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 132 Malaysia Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 133 Malaysia Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 134 Malaysia Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 135 Malaysia Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 136 Malaysia Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 137 Malaysia Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 138 Malaysia Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 139 Malaysia Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 140 Malaysia Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 141 Rest of Asia Pacific Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 142 Rest of Asia Pacific Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 143 Rest of Asia Pacific Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 144 Rest of Asia Pacific Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 145 Rest of Asia Pacific Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 146 Rest of Asia Pacific Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 147 Rest of Asia Pacific Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 148 Rest of Asia Pacific Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 149 Rest of Asia Pacific Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 150 Rest of Asia Pacific Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 151 Rest of Asia Pacific Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 152 Rest of Asia Pacific Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 153 Key Information – SABIC
TABLE 154 Key Information – Lanxess AG
TABLE 155 Key Information – Solvay SA
TABLE 156 Key Information – Evonik Industries AG
TABLE 157 Key information – Arkema S.A.
TABLE 158 key information – LG Chem Ltd.
TABLE 159 Key Information – Bayer AG
TABLE 160 Key Information – BASF SE
TABLE 161 Key Information – Celanese Corporation
TABLE 162 Key Information –DuPont de Nemours, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Engineering Plastics Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Engineering Plastics Market
FIG 4 Porter’s Five Forces Analysis – Engineering Plastics Market
FIG 5 Asia Pacific Engineering Plastics Market share by Type, 2022
FIG 6 Asia Pacific Engineering Plastics Market share by Type, 2030
FIG 7 Asia Pacific Engineering Plastics Market by Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Engineering Plastics Market share by End-User, 2022
FIG 9 Asia Pacific Engineering Plastics Market share by End-User, 2030
FIG 10 Asia Pacific Engineering Plastics Market by End-User, 2019 - 2030, USD Million
FIG 11 Asia Pacific Engineering Plastics Market share by Country, 2022
FIG 12 Asia Pacific Engineering Plastics Market share by Country, 2030
FIG 13 Asia Pacific Engineering Plastics Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: SABIC
FIG 15 Swot Analysis: Lanxess AG
FIG 16 SWOT Analysis: Solvay SA
FIG 17 SWOT Analysis: Evonik Industries AG
FIG 18 SWOT Analysis: Arkema S.A.
FIG 19 Swot Analysis: LG Chem Ltd.
FIG 20 Swot Analysis: Bayer AG
FIG 21 Recent strategies and developments: BASF SE
FIG 22 SWOT Analysis: BASF SE
FIG 23 SWOT Analysis: Celanese Corporation
FIG 24 Swot Analysis: DuPont de Nemours, Inc.