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Pulished Date November, 2020
ID: 10389
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Europe Engineering Plastics Market Segmentation by Type (Polycarbonate, Polyamide, ABS, PET, POM, Fluoropolymers), End-User (Automotive & Transportation, Electrical & Electronics, Industrial Machinery, Packaging, Consumer Appliances) and Forecast to 2025

Pulished: November, 2020
ID: 10389
Pages: 115

Europe Engineering Plastics Market is likely to register a CAGR of over 4% during the outlook period of 2020 to 2025.

Impact of COVID-19 on the European Engineering Plastic Market:

Europe was the early hotspot for the virus in early 2020 and it had a severe impact on major European economies as most of them were shut. It has negatively affected the demand for composites across various end-use industries such as aerospace & defense, automotive & transportation, wind energy, construction & infrastructure, and pipes & tanks. The disruption in the supply chain has led to delays in the arrival of raw materials, an impact on finances, and shaking morale among production workers, forcing the companies to function at reduced resources. This has led to reduction in demand for composites. However, the demand from the packaging industry increased in this period which led to more production of plastics. The market is estimated to become normal from 2021.

Recent Developments in the Europe Engineering Plastics Market Industry:

  • In 2020, the Italian household company De’Loghi started using BASF SE’s polyethersulfone (PESU) for their coffee machine. The adoption came after the latter’s plastic product imposed superior properties and high resistance to temperature.
  • In October 2019, SABIC launched TRUCIRCLE initiative and solutions, showcased at K 2019, along with their top of the line flagship certified circular polymers from the chemical recycling of mixed plastic waste, certified renewable polymers, its new polycarbonate (PC) based on certified renewable feedstock and mechanically recycled polymers.

Drivers and Restraints of Europe Engineering Plastics Market

Engineering plastics is quickly replacing the traditional materials in many manufacturing and industrial sectors and thus this adoption of the former is driving the market demand throughout Europe. One such industry is the automotive industry, of late, major goal for many market players has become to reduce the vehicle weight and improve the efficiency of the vehicle. Engineering plastics provides a robust solution to this problem at a relatively cheaper cost. Another area where engineered plastics is used is the electronics sector. Engineered plastics is also used for the manufacturing of various equipment in the food and beverage industry. Increasing usage of plastics and lightweight material in the Aerospace industry is also a driving factor for engineered plastics market in the European region.

The environmental effects of plastics are very well known, as a result of this, various governments have instructed the industries to decrease their consumption of plastic and come up with alternate solutions that are environment friendly. For achieving the goal of lighter products, industries are turning towards composites in place of engineered plastic, and hence the growth gets thwarted in this respect.

Europe Engineering Plastic market has been segmented into the following categories:

On the basis of Type

  1. Polycarbonate
  2. Fluoropolymers
  3. Poly Vinyl Chloride (PVC)
  4. Polyethylene Terephthalate (PET)
  5. Polyamide
  6. ABS

On the basis of Application

  1. Automotive and Transportation
  2. Electrical and Electronics
  3. Industrial Machinery
  4. Packaging
  5. Consumer Appliances

Europe Engineering Plastics Market Regional Analysis:

In the European region, the automotive sector has increasingly used engineered plastic for their vehicles. The environment-friendly vehicles have increased the demand for bio-based plastics and composites. A lot of emphases has been laid on the recycling of plastic and thus the same has been utilized in the manufacturing of various components of a vehicle.  The demand for a lightweight material that provides longevity is on the rise in the European region. This material is used exhaustively in the energy sector and with the shift of attention towards the renewable power sector, the growth opportunities for the engineering plastics industry is immense.

Use of thermoplastics such as PET has increased. These materials are known for their excellent melt flow characteristics and are therefore used in various mechanical and electrical industries. They are also known to offer superior strength and recyclability.

The German aerospace industry has shown tremendous growth in the past decade and it has triggered the demand for engineered plastics. Several components in the industry make use of these plastics. In addition to this, Germany is also the leading consumer of plastic materials in Europe. This provides ample of growth opportunities to the industry.

There are several major market players that are asserting their dominance in the Engineering Plastics Market in recent years, some of the big names in Europe are:

  1. BASF SE

  2. SABIC
  3. Plastico SPS
  4. Zamil Plastic
  5. Solvay
  6. DuPont
  7. Constantia Flexibles GmbH

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Engineering Plastics Market, By Type                              

                                6.1.1 Polycarbonate       

                                6.1.2 Polyamide               

                                6.1.3 Acrylonitrile Butadiene Styrene     

                                6.1.4 Polyethylene Terephthalate           

                                6.1.5 Polyacetals or Polyoxymethylene 

                                6.1.6 Fluoropolymers    

                                6.1.7 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.8 Y-o-Y Growth Rate Analysis             

                                6.1.9 Market Attractiveness Index          

                6.2 Engineering Plastics Market, By End-User                     

                                6.2.1 Automotive & Transportation         

                                6.2.2 Electrical & Electronics        

                                6.2.3 Industrial Machinery           

                                6.2.4 Packaging

                                6.2.5 Consumer Appliances        

                                6.2.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.7 Y-o-Y Growth Rate Analysis             

                                6.2.8 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By End-User           

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By End-User           

8. Key Player Analysis                                    

                8.1 Sabic Innovative Plastics LLC                

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 BASF SE                        

                8.3 Ticona Engineering Polymers                              

                8.4 Bayer Materialscience                           

                8.5 Teijin Limited                             

                8.6 Chi Mei Corporation               

                8.7 Wintech Polymer Ltd.                            

                8.8 Eastman Chemical Company                               

                8.9 Evonik Degussa GmbH                           

                8.10 Royal DSM NV                         

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

 

  1. Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  2. Segment-level analysis in terms of by  end user,by application,by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail

  3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  9. Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Europe Engineering Plastics Market By Region, From 2020-2025 ( USD Billion )

  2. Europe Engineering Plastics Market By Type, From 2020-2025 ( USD Billion )

  3. Europe Polycarbonate Market By Region, From 2020-2025 ( USD Billion )

  4. Europe Polyamide Market By Region, From 2020-2025 ( USD Billion )

  5. Europe Acrylonitrile Butadiene Styrene Market By Region, From 2020-2025 ( USD Billion )

  6. Europe Polyethylene Terephthalate Market By Region, From 2020-2025 ( USD Billion )

  7. Europe Polyacetals or Polyoxymethylene Market By Region, From 2020-2025 ( USD Billion )

  8. Europe Fluoropolymers Market By Region, From 2020-2025 ( USD Billion )

  9. Europe Engineering Plastics Market By End-User, From 2020-2025 ( USD Billion )

  10. Europe Automotive & Transportation Market By Region, From 2020-2025 ( USD Billion )

  11. Europe Electrical & Electronics Market By Region, From 2020-2025 ( USD Billion )

  12. Europe Industrial Machinery Market By Region, From 2020-2025 ( USD Billion )

  13. Europe Packaging Market By Region, From 2020-2025 ( USD Billion )

  14. Europe Consumer Appliances Market By Region, From 2020-2025 ( USD Billion )

 

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