The Latin America, Middle East and Africa Engineering Plastics Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 4,136.1 kilo tonnes, showcasing a growth of 6.8% (2023-2030).
Polyamide, commonly known as nylon, plays a significant role in the Engineering Plastics Market due to its versatile properties and wide range of applications. In the realm of engineering plastics, polyamide stands out for its exceptional strength, toughness, and resistance to wear and abrasion. Therefore, the Brazil market utilized 160.9 kilo tonnes of Polyamide in 2022.
The Brazil market dominated the LAMEA Engineering Plastics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,535.6 million by 2030. The Argentina market is exhibiting a CAGR of 8.4% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 6.9% during (2023 - 2030).
The high strength-to-weight ratio of engineering plastics is a defining characteristic that renders them well-suited for applications that require lightweight materials. As an illustration, engineering plastics are utilized in the automotive sector to decrease the mass of vehicles, thereby contributing to enhanced fuel economy and diminished carbon emissions. The increasing prevalence of electric vehicles has generated a surge in the need for lightweight materials capable of substituting conventional metals. It is known for their lightweight and durable properties, are increasingly used in EV components such as battery housings, connectors, and interior trim.
Likewise, these materials are utilized in the aerospace sector to produce lightweight components that are resistant to the severe conditions encountered during space travel. Therefore, the demand for engineering plastics will increase as these industries expand. For example, the aerospace and defense industry reported revenues of more than $700 billion in 2022 and over $65 billion in operating profit. According to industry experts, the highest-performing companies in 2022 generally had significant commercial aftermarket exposure. For 2022, the International Air Transport Association (IATA) reports that revenue passenger kilometers (RPKs) reached approximately 70% of pre-pandemic levels and recovered to about 80% by December.
Moreover, countries like Brazil, Saudi Arabia, and South Africa are major producers and consumers of vehicles, leading to an increased demand for engineering plastics for use in automotive components. According to ITA, in 2020, Saudi Arabia played a dominant role in the automotive landscape of the GCC and the broader Middle East/North Africa (MENA) region, accounting for nearly 52% of the automobiles sold in the GCC and 35% in the (MENA) region. Projections indicate that sales are expected to rebound, reaching 543,000 units by 2025. Hence, as these industries continue to grow, the demand for engineering plastics is expected to remain strong, driving further growth in the market.
Free Valuable Insights: The Worldwide Engineering Plastics Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
LAMEA 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)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 4 LAMEA Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 5 LAMEA Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 6 LAMEA Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 7 LAMEA Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 8 LAMEA Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 9 LAMEA Acrylonitrile Butadiene Styrene Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Acrylonitrile Butadiene Styrene Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Acrylonitrile Butadiene Styrene Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 LAMEA Acrylonitrile Butadiene Styrene Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 LAMEA Polyamide Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Polyamide Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Polyamide Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 LAMEA Polyamide Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 LAMEA Polycarbonate Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Polycarbonate Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Polycarbonate Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 LAMEA Polycarbonate Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 LAMEA Thermoplastic Polyester Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Thermoplastic Polyester Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Thermoplastic Polyester Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 LAMEA Thermoplastic Polyester Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 LAMEA Polyacetal Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Polyacetal Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Polyacetal Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 LAMEA Polyacetal Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 LAMEA Fluoropolymer Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Fluoropolymer Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Fluoropolymer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 LAMEA Fluoropolymer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 LAMEA Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 38 LAMEA Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 39 LAMEA Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 40 LAMEA Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 41 LAMEA Automotive & Transportation Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA Automotive & Transportation Market by Country, 2023 - 2030, USD Million
TABLE 43 LAMEA Automotive & Transportation Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 LAMEA Automotive & Transportation Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 LAMEA Electrical & Electronics Market by Country, 2019 - 2022, USD Million
TABLE 46 LAMEA Electrical & Electronics Market by Country, 2023 - 2030, USD Million
TABLE 47 LAMEA Electrical & Electronics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 LAMEA Electrical & Electronics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 LAMEA Consumer Appliances Market by Country, 2019 - 2022, USD Million
TABLE 50 LAMEA Consumer Appliances Market by Country, 2023 - 2030, USD Million
TABLE 51 LAMEA Consumer Appliances Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 LAMEA Consumer Appliances Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 LAMEA Industrial & Machinery Market by Country, 2019 - 2022, USD Million
TABLE 54 LAMEA Industrial & Machinery Market by Country, 2023 - 2030, USD Million
TABLE 55 LAMEA Industrial & Machinery Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 LAMEA Industrial & Machinery Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 LAMEA Packaging Market by Country, 2019 - 2022, USD Million
TABLE 58 LAMEA Packaging Market by Country, 2023 - 2030, USD Million
TABLE 59 LAMEA Packaging Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 60 LAMEA Packaging Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 61 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 62 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 63 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 64 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 65 LAMEA Engineering Plastics Market by Country, 2019 - 2022, USD Million
TABLE 66 LAMEA Engineering Plastics Market by Country, 2023 - 2030, USD Million
TABLE 67 LAMEA Engineering Plastics Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 68 LAMEA Engineering Plastics Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 69 Brazil Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 70 Brazil Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 71 Brazil Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Brazil Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Brazil Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 74 Brazil Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 75 Brazil Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 76 Brazil Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 77 Brazil Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 78 Brazil Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 79 Brazil Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 80 Brazil Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 81 Argentina Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 82 Argentina Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 83 Argentina Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Argentina Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Argentina Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 86 Argentina Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 87 Argentina Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 88 Argentina Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 89 Argentina Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 90 Argentina Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 91 Argentina Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 92 Argentina Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 93 UAE Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 94 UAE Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 95 UAE Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 96 UAE Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 97 UAE Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 98 UAE Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 99 UAE Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 100 UAE Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 101 UAE Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 102 UAE Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 103 UAE Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 104 UAE Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 105 Saudi Arabia Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 106 Saudi Arabia Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 107 Saudi Arabia Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 108 Saudi Arabia Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 109 Saudi Arabia Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 110 Saudi Arabia Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 111 Saudi Arabia Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 112 Saudi Arabia Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 113 Saudi Arabia Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 114 Saudi Arabia Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 115 Saudi Arabia Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 116 Saudi Arabia Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 117 South Africa Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 118 South Africa Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 119 South Africa Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 120 South Africa Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 121 South Africa Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 122 South Africa Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 123 South Africa Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 124 South Africa Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 125 South Africa Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 126 South Africa Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 127 South Africa Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 128 South Africa Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 129 Nigeria Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 130 Nigeria Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 131 Nigeria Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 132 Nigeria Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 133 Nigeria Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 134 Nigeria Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 135 Nigeria Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 136 Nigeria Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 137 Nigeria Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 138 Nigeria Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 139 Nigeria Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 140 Nigeria Engineering Plastics Market by End-User, 2023 - 2030, Kilo Tonnes
TABLE 141 Rest of LAMEA Engineering Plastics Market, 2019 - 2022, USD Million
TABLE 142 Rest of LAMEA Engineering Plastics Market, 2023 - 2030, USD Million
TABLE 143 Rest of LAMEA Engineering Plastics Market, 2019 - 2022, Kilo Tonnes
TABLE 144 Rest of LAMEA Engineering Plastics Market, 2023 - 2030, Kilo Tonnes
TABLE 145 Rest of LAMEA Engineering Plastics Market by Type, 2019 - 2022, USD Million
TABLE 146 Rest of LAMEA Engineering Plastics Market by Type, 2023 - 2030, USD Million
TABLE 147 Rest of LAMEA Engineering Plastics Market by Type, 2019 - 2022, Kilo Tonnes
TABLE 148 Rest of LAMEA Engineering Plastics Market by Type, 2023 - 2030, Kilo Tonnes
TABLE 149 Rest of LAMEA Engineering Plastics Market by End-User, 2019 - 2022, USD Million
TABLE 150 Rest of LAMEA Engineering Plastics Market by End-User, 2023 - 2030, USD Million
TABLE 151 Rest of LAMEA Engineering Plastics Market by End-User, 2019 - 2022, Kilo Tonnes
TABLE 152 Rest of LAMEA 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 LAMEA 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 LAMEA Engineering Plastics Market share by Type, 2022
FIG 6 LAMEA Engineering Plastics Market share by Type, 2030
FIG 7 LAMEA Engineering Plastics Market by Type, 2019 - 2030, USD Million
FIG 8 LAMEA Engineering Plastics Market share by End-User, 2022
FIG 9 LAMEA Engineering Plastics Market share by End-User, 2030
FIG 10 LAMEA Engineering Plastics Market by End-User, 2019 - 2030, USD Million
FIG 11 LAMEA Engineering Plastics Market share by Country, 2022
FIG 12 LAMEA Engineering Plastics Market share by Country, 2030
FIG 13 LAMEA 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.