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North America 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 (2023-2028)

Published: March, 2023
ID: 10391
Pages: 110
Formats: report pdf report excel report power bi report ppt

North America Engineering Plastics Market Size (2023-2028)

North America Engineering Plastics Market is likely to record a CAGR of 5.4% during the foreseen period of (2023-2028)

Drivers and Restraints of the North America Engineering Plastics Market:

The electronics industry is one of the biggest industries in North America and around the world. Many big players in electronic gadgets are based in North America and use engineered plastics as the primary material for their products. Engineering plastic is quickly replacing conventional materials in several manufacturing and industrial sectors and thus their adoption is driving the market in North America. Engineering plastics provide a robust solution to the rising concern of reducing the weight of automobiles at a relatively cheap cost and thus many of them are switching to this low-cost alternative. Engineered plastics are also used for making various equipment in the food and beverage industry. The increasing usage of plastics and lightweight materials in the aerospace industry is also a driving factor for the engineering plastics market in the North American region.

The stringent government norms from various North American governments have made the usage of plastic more and more difficult over time, as a result of this, for achieving the goal of lighter products, industries are turning towards composites in place of engineered plastic. This is supposed to hamper the growth of the regional business in the future.

Market Segmentation:

North America Engineering Plastics Market-On the Basis of Type:

  • Polycarbonate

  • Fluoropolymers

  • Poly Vinyl Chloride (PVC)

  • Polyethylene Terephthalate (PET)

  • Polyamide

  • ABS

North America Engineering Plastics Market-On the Basis of the Application:

  • Automotive and Transportation

  • Electrical and Electronics

  • Industrial Machinery

  • Packaging

  • Consumer Appliances

North America Engineering Plastics Market-Regional Analysis:

The United States is the biggest market for engineering plastics in the North American region. The country’s economy boasts to be the biggest in the world and unsurprisingly, the production activities have been growing. Industries such as Electronics, Food, and Beverage, and Automotive are one of the biggest in the world and provide excellent opportunities for the engineered plastics industry to come up with improved products.

In the North American region, the electronics sector has increasingly used engineered plastics for its products. Many smartphones and similar gadgets have their body made out of engineered plastics. A lot of emphasis has been laid on the recycling of plastic and thus the same has been utilized in the manufacturing of various components of devices such as laptops, cell phones, cameras, etc. The automotive industry in North America also uses engineered plastics at a significant rate, and many vehicular components are made out of plastic as it provides durability at a low cost.

The use of polyolefins has increased in this locale. These materials are known for their excellent durability and are therefore used in various mechanical and electrical industries. They provide superior strength and recyclability at a cheaper price.

Impact of COVID-19 on the North America Engineering Plastic Market

North America, especially the USA is badly plagued by coronavirus during the major parts of 2020. Amidst this, the USA has been submerged in the search for vaccines. It has negatively affected the demand for composites across various end-use industries such as aerospace & defense, automotive & transportation, construction & infrastructure, and others. The disruption in the supply chain has led to delays in raw materials arrival, declined finances, and other issues, resulting in constrained operation in the end-user industries. This has led to a reduction in demand for engineered plastics. The market is anticipated to recuperate in 2021.

North America Engineering Plastics Market Recent Developments:

  • 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 the 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.

Major Key Players:

  • BASF SE

  • SABIC
  • Plastico SPS
  • Zamil Plastic
  • Solvay
  • DuPont
  • Constantia Flexibles GmbH

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FAQ's

Who are the leading companies in the market for North America Engineering Plastics Market?

BASF SE

SABIC

Plastico SPS

Zamil Plastic

Solvay

DuPont

Constantia Flexibles GmbH

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