Australia Engineering Plastics Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 532.59 Million |
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Market Size (2029) | USD 706.15 Million |
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Largest Share by End User Industry | Electrical and Electronics |
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CAGR (2024 - 2029) | 5.80 % |
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Fastest Growing by End User Industry | Aerospace |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Australia Engineering Plastics Market Analysis
The Australia Engineering Plastics Market size is estimated at 532.59 million USD in 2024, and is expected to reach 706.15 million USD by 2029, growing at a CAGR of 5.80% during the forecast period (2024-2029).
532.59 Million
Market Size in 2024 (USD)
706.15 Million
Market Size in 2029 (USD)
6.55 %
CAGR (2017-2023)
5.80 %
CAGR (2024-2029)
Largest Market by End-user Industry
42.99 %
value share, Electrical and Electronics, 2023
The electronics segment occupied the highest market share due to the widespread applications of engineering plastics like ABS/SAN, PC, and PA in advanced and smart electrical devices.
Fastest Growing Market by End-user Industry
8.92 %
Projected CAGR, Aerospace, 2024-2029
The aerospace industry is expected to witness the fastest growth due to the rapid adoption of lightweight and high-impact resistant engineering plastics to replace traditional metal parts.
Largest Market by Resin Type
30.99 %
value share, Polycarbonate (PC), 2023
Polycarbonate resin has occupied the largest share owing to its notable usage in electronics as a good electrical insulator with flame-retardant properties. The resin has widespread applications in the automotive and machinery industries.
Fastest Growing Market by Resin Type
7.06 %
Projected CAGR, Polyether Ether Ketone (PEEK), 2024-2029
PEEK resin is expected to witness the fastest growth due to the rapid adoption of lightweight and high-impact resistance materials in industrial applications to replace traditional metal parts.
Leading Market Player
45.18 %
market share, SABIC, 2022
SABIC is the largest provider of engineering plastic resins in Australia, and it has a wide range of product grades for use by different end users.
Packaging industry to remain dominant with high volume share
- Engineering plastics are a class of synthetic resins that, compared to other conventional plastics, offer high-performance capabilities and improved plastic properties. They remain stable over a broad temperature range and withstand significant mechanical stress and climatic and chemical changes.
- Packaging is the largest industry, and it accounted for 46% of the total volume share in 2022. It is majorly driven by the food industry to meet the demand for single-serve and portable food packs. PET resin dominated the market with a 99% volume share in 2022. With the rising e-commerce, food exports, and demand for packaged food and beverages, the market revenue from PET is expected to increase, while recording a CAGR of 4.38% during the forecast period.
- Electrical & electronics is Australia's second-largest engineering plastics consumer industry, and it accounted for approximately 29% of the total volume of all industries combined in 2022. PET and polycarbonate are the most commonly used resin types in this industry, and they are responsible for 18% and 34% of the total volume consumed, respectively. They are used as a substitute for die-cast metals and thermosets in many applications, including electrical encapsulation, solenoids, connectors, and smartphones. Owing to the rapid growth of this industry, which is primarily driven by consumer electronics, market revenue is expected to record a CAGR of 6.25% during the forecast period.
- Aerospace is the fastest-growing market in the country, and it is expected to record a CAGR of 9.12%, by value, during the forecast (2023-2029). This is anticipated to be influenced by the increasing local production of aircraft parts, which increased by 8.16% in revenue in 2022 over 2021. PMMA is the most used resin type, and it had a 50.33% volume share in 2022.
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Australia Engineering Plastics Market Trends
Consumer electronics to drive the growth
- The electrical and electronics production revenue declined significantly each year from 2017 to 2019, resulting in a 53.61% decline in the production value. This decline was attributed to the high cost of production, unavailability of cheap labor, and the shifting of electrical & electronics production to countries like Vietnam, India, and other ASEAN countries.
- As a result of the pandemic, the country faced several challenges in 2020. However, electrical and electronics production revenue increased by 5.88% compared to the previous year, owing to increased demand due to work-from-home execution, thus increasing the output by the end of the year. In 2021, manufacturing output reached a value of USD 64.8 billion, a 157.13% increase from 2020. Electrical and electronics production revenue grew rapidly, owing to the high demand for consumer electronics such as mobile phones, laptops, and headsets. The revenue also increased with the growing trend of working and studying from home. Simultaneously, government initiatives helped to increase manufacturing activities in the country.
- The country is expected to increase the production of electrical and electronic equipment under its plan of developing and increasing manufacturing activities due to increased smart devices and domestic demand. The rise in demand for advanced technologies, such as digitalization, robotics, virtual reality, augmented reality, IoT (Internet of Things), and 5G connectivity, is expected to drive the market in the coming years. Owing to these technological advancements, the electrical and electronics production revenue is expected to reach USD 101 billion by 2029, 48.67% higher than in 2022, while recording a CAGR of 5.18% during the forecast period (2023-2029).
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Local demand and fleet upgrades are likely to boost aerospace components production
- Growing investments and schemes to boost the growth
- Australia to meet local demand only through imports
- Australia launched a National Plastics Plan which promotes product stewardship through Recycling and Waste Reduction
- Australia had a recycling rate of 21% in 2019 with total PET waste accounting for 100 kilotons
- Low profitability of automotive production in the country to hold back growth
- Regulatory policies to hold back plastic packaging growth
- Resin prices to remain under the influence of crude oil prices
- Mechanical recycling of polycarbonates to be a challenge due to the poor quality of the recovered material
- Australia generated over 0.7 million tons of WEEE in2019 which could be an opportunity for manufacturers to produce R-ABS
Australia Engineering Plastics Industry Overview
The Australia Engineering Plastics Market is fairly consolidated, with the top five companies occupying 67.74%. The major players in this market are Arkema, BASF SE, Covestro AG, LANXESS and SABIC (sorted alphabetically).
Australia Engineering Plastics Market Leaders
Arkema
BASF SE
Covestro AG
LANXESS
SABIC
Other important companies include INEOS, Mitsubishi Chemical Corporation, The Chemours Company, Toray Industries, Inc., UBE Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
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Australia Engineering Plastics Market News
- February 2023: Covestro AG introduced Makrolon 3638 polycarbonate for healthcare and life sciences applications such as drug delivery devices, wellness and wearable devices, and single-use containers for biopharmaceutical manufacturing.
- October 2022: BASF SE introduced two new sustainable POM products, Ultraform LowPCF (Low Product Carbon Footprint) and Ultraform BMB (Biomass Balance), to reduce the carbon footprint, save fossil resources, and support the reduction of greenhouse gas (GHG) emissions.
- September 2022: LANXESS introduced a sustainable polyamide resin, Durethan ECO, which consists of recycled fibers made from waste glass to reduce its carbon footprint.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.
Australia Engineering Plastics Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
- 4.1.4 Electrical and Electronics
- 4.1.5 Packaging
- 4.2 Import And Export Trends
- 4.3 Price Trends
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4.4 Recycling Overview
- 4.4.1 Polyamide (PA) Recycling Trends
- 4.4.2 Polycarbonate (PC) Recycling Trends
- 4.4.3 Polyethylene Terephthalate (PET) Recycling Trends
- 4.4.4 Styrene Copolymers (ABS and SAN) Recycling Trends
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4.5 Regulatory Framework
- 4.5.1 Australia
- 4.6 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 End User Industry
- 5.1.1 Aerospace
- 5.1.2 Automotive
- 5.1.3 Building and Construction
- 5.1.4 Electrical and Electronics
- 5.1.5 Industrial and Machinery
- 5.1.6 Packaging
- 5.1.7 Other End-user Industries
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5.2 Resin Type
- 5.2.1 Fluoropolymer
- 5.2.1.1 By Sub Resin Type
- 5.2.1.1.1 Ethylenetetrafluoroethylene (ETFE)
- 5.2.1.1.2 Fluorinated Ethylene-propylene (FEP)
- 5.2.1.1.3 Polytetrafluoroethylene (PTFE)
- 5.2.1.1.4 Polyvinylfluoride (PVF)
- 5.2.1.1.5 Polyvinylidene Fluoride (PVDF)
- 5.2.1.1.6 Other Sub Resin Types
- 5.2.2 Liquid Crystal Polymer (LCP)
- 5.2.3 Polyamide (PA)
- 5.2.3.1 By Sub Resin Type
- 5.2.3.1.1 Aramid
- 5.2.3.1.2 Polyamide (PA) 6
- 5.2.3.1.3 Polyamide (PA) 66
- 5.2.3.1.4 Polyphthalamide
- 5.2.4 Polybutylene Terephthalate (PBT)
- 5.2.5 Polycarbonate (PC)
- 5.2.6 Polyether Ether Ketone (PEEK)
- 5.2.7 Polyethylene Terephthalate (PET)
- 5.2.8 Polyimide (PI)
- 5.2.9 Polymethyl Methacrylate (PMMA)
- 5.2.10 Polyoxymethylene (POM)
- 5.2.11 Styrene Copolymers (ABS and SAN)
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 Arkema
- 6.4.2 BASF SE
- 6.4.3 Covestro AG
- 6.4.4 INEOS
- 6.4.5 LANXESS
- 6.4.6 Mitsubishi Chemical Corporation
- 6.4.7 SABIC
- 6.4.8 The Chemours Company
- 6.4.9 Toray Industries, Inc.
- 6.4.10 UBE Corporation
7. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, AUSTRALIA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, AUSTRALIA, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, AUSTRALIA, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, AUSTRALIA, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, AUSTRALIA, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF ENGINEERING PLASTICS BY RESIN TYPE, USD, AUSTRALIA, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF ENGINEERING PLASTICS BY RESIN TYPE, USD, AUSTRALIA, 2017 - 2021
- Figure 8:
- PRICE OF ENGINEERING PLASTICS BY RESIN TYPE, USD PER KG, AUSTRALIA, 2017 - 2021
- Figure 9:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 10:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 11:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, TONS, AUSTRALIA, 2017 - 2029
- Figure 12:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, USD, AUSTRALIA, 2017 - 2029
- Figure 13:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2017, 2023, AND 2029
- Figure 14:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2017, 2023, AND 2029
- Figure 15:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, TONS, AUSTRALIA, 2017 - 2029
- Figure 16:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, USD, AUSTRALIA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY BY RESIN TYPE, %, AUSTRALIA, 2022 VS 2029
- Figure 18:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, AUSTRALIA, 2017 - 2029
- Figure 19:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, AUSTRALIA, 2017 - 2029
- Figure 20:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY BY RESIN TYPE, %, AUSTRALIA, 2022 VS 2029
- Figure 21:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, AUSTRALIA, 2017 - 2029
- Figure 22:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, AUSTRALIA, 2017 - 2029
- Figure 23:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY RESIN TYPE, %, AUSTRALIA, 2022 VS 2029
- Figure 24:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, AUSTRALIA, 2017 - 2029
- Figure 25:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, AUSTRALIA, 2017 - 2029
- Figure 26:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY RESIN TYPE, %, AUSTRALIA, 2022 VS 2029
- Figure 27:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, AUSTRALIA, 2017 - 2029
- Figure 28:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, AUSTRALIA, 2017 - 2029
- Figure 29:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY RESIN TYPE, %, AUSTRALIA, 2022 VS 2029
- Figure 30:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, TONS, AUSTRALIA, 2017 - 2029
- Figure 31:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, USD, AUSTRALIA, 2017 - 2029
- Figure 32:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY BY RESIN TYPE, %, AUSTRALIA, 2022 VS 2029
- Figure 33:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, AUSTRALIA, 2017 - 2029
- Figure 34:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, AUSTRALIA, 2017 - 2029
- Figure 35:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY RESIN TYPE, %, AUSTRALIA, 2022 VS 2029
- Figure 36:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, TONS, AUSTRALIA, 2017 - 2029
- Figure 37:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, USD, AUSTRALIA, 2017 - 2029
- Figure 38:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, AUSTRALIA, 2017, 2023, AND 2029
- Figure 39:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, AUSTRALIA, 2017, 2023, AND 2029
- Figure 40:
- VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, AUSTRALIA, 2017 - 2029
- Figure 41:
- VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, AUSTRALIA, 2017 - 2029
- Figure 42:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, AUSTRALIA, 2017, 2023, AND 2029
- Figure 43:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, AUSTRALIA, 2017, 2023, AND 2029
- Figure 44:
- VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 45:
- VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 46:
- VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 47:
- VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 48:
- VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 50:
- VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 51:
- VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 52:
- VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 53:
- VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 54:
- VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 55:
- VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 56:
- VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 57:
- VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 58:
- VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 59:
- VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 60:
- VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 61:
- VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 62:
- VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 63:
- VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 64:
- VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 65:
- VOLUME OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, TONS, AUSTRALIA, 2017 - 2029
- Figure 66:
- VALUE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, USD, AUSTRALIA, 2017 - 2029
- Figure 67:
- VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, AUSTRALIA, 2017, 2023, AND 2029
- Figure 68:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, AUSTRALIA, 2017, 2023, AND 2029
- Figure 69:
- VOLUME OF ARAMID CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 70:
- VALUE OF ARAMID CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 71:
- VALUE SHARE OF ARAMID CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 72:
- VOLUME OF POLYAMIDE (PA) 6 CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 73:
- VALUE OF POLYAMIDE (PA) 6 CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 74:
- VALUE SHARE OF POLYAMIDE (PA) 6 CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 75:
- VOLUME OF POLYAMIDE (PA) 66 CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 76:
- VALUE OF POLYAMIDE (PA) 66 CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 77:
- VALUE SHARE OF POLYAMIDE (PA) 66 CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 78:
- VOLUME OF POLYPHTHALAMIDE CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 79:
- VALUE OF POLYPHTHALAMIDE CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 80:
- VALUE SHARE OF POLYPHTHALAMIDE CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 81:
- VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 82:
- VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 83:
- VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 84:
- VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 85:
- VALUE OF POLYCARBONATE (PC) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 86:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 87:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 88:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 89:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 90:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 91:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 92:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 93:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 94:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 95:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 96:
- VOLUME OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 97:
- VALUE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 98:
- VALUE SHARE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 99:
- VOLUME OF POLYOXYMETHYLENE (POM) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 100:
- VALUE OF POLYOXYMETHYLENE (POM) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 101:
- VALUE SHARE OF POLYOXYMETHYLENE (POM) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 102:
- VOLUME OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, TONS, AUSTRALIA, 2017 - 2029
- Figure 103:
- VALUE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, USD, AUSTRALIA, 2017 - 2029
- Figure 104:
- VALUE SHARE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2022 VS 2029
- Figure 105:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, AUSTRALIA, 2019 - 2021
- Figure 106:
- MOST ADOPTED STRATEGIES, COUNT, AUSTRALIA, 2019 - 2021
- Figure 107:
- REVENUE SHARE OF ENGINEERING PLASTICS BY MAJOR PLAYERS, %, AUSTRALIA, 2022
Australia Engineering Plastics Industry Segmentation
Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Fluoropolymer, Liquid Crystal Polymer (LCP), Polyamide (PA), Polybutylene Terephthalate (PBT), Polycarbonate (PC), Polyether Ether Ketone (PEEK), Polyethylene Terephthalate (PET), Polyimide (PI), Polymethyl Methacrylate (PMMA), Polyoxymethylene (POM), Styrene Copolymers (ABS and SAN) are covered as segments by Resin Type.
- Engineering plastics are a class of synthetic resins that, compared to other conventional plastics, offer high-performance capabilities and improved plastic properties. They remain stable over a broad temperature range and withstand significant mechanical stress and climatic and chemical changes.
- Packaging is the largest industry, and it accounted for 46% of the total volume share in 2022. It is majorly driven by the food industry to meet the demand for single-serve and portable food packs. PET resin dominated the market with a 99% volume share in 2022. With the rising e-commerce, food exports, and demand for packaged food and beverages, the market revenue from PET is expected to increase, while recording a CAGR of 4.38% during the forecast period.
- Electrical & electronics is Australia's second-largest engineering plastics consumer industry, and it accounted for approximately 29% of the total volume of all industries combined in 2022. PET and polycarbonate are the most commonly used resin types in this industry, and they are responsible for 18% and 34% of the total volume consumed, respectively. They are used as a substitute for die-cast metals and thermosets in many applications, including electrical encapsulation, solenoids, connectors, and smartphones. Owing to the rapid growth of this industry, which is primarily driven by consumer electronics, market revenue is expected to record a CAGR of 6.25% during the forecast period.
- Aerospace is the fastest-growing market in the country, and it is expected to record a CAGR of 9.12%, by value, during the forecast (2023-2029). This is anticipated to be influenced by the increasing local production of aircraft parts, which increased by 8.16% in revenue in 2022 over 2021. PMMA is the most used resin type, and it had a 50.33% volume share in 2022.
| End User Industry | Aerospace | ||
| Automotive | |||
| Building and Construction | |||
| Electrical and Electronics | |||
| Industrial and Machinery | |||
| Packaging | |||
| Other End-user Industries | |||
| Resin Type | Fluoropolymer | By Sub Resin Type | Ethylenetetrafluoroethylene (ETFE) |
| Fluorinated Ethylene-propylene (FEP) | |||
| Polytetrafluoroethylene (PTFE) | |||
| Polyvinylfluoride (PVF) | |||
| Polyvinylidene Fluoride (PVDF) | |||
| Other Sub Resin Types | |||
| Resin Type | Liquid Crystal Polymer (LCP) | ||
| Polyamide (PA) | By Sub Resin Type | Aramid | |
| Polyamide (PA) 6 | |||
| Polyamide (PA) 66 | |||
| Polyphthalamide | |||
| Polybutylene Terephthalate (PBT) | |||
| Polycarbonate (PC) | |||
| Polyether Ether Ketone (PEEK) | |||
| Polyethylene Terephthalate (PET) | |||
| Polyimide (PI) | |||
| Polymethyl Methacrylate (PMMA) | |||
| Polyoxymethylene (POM) | |||
| Styrene Copolymers (ABS and SAN) |
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Market Definition
- End-user Industry - Packaging, Electrical & Electronics, Building & Construction, and Others are the end-user industries considered under the engineering plastics market.
- Resin - Under the scope of the study, consumption of virgin resins like Fluoropolymer, Polycarbonate, Polyethylene Terephthalate, Polybutylene Terephthalate, Polyoxymethylene, Polymethyl Methacrylate, Styrene Copolymers, Liquid Crystal Polymer, Polyether Ether Ketone, Polyimide, and Polyamide in the primary forms are considered. Recycling has been provided separately under its individual chapter.
| Keyword | Definition |
|---|---|
| Acetal | This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Cast film | A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion. |
| Colorants & Pigments | Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix. |
| Composite material | A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements. |
| Degree of Polymerization (DP) | The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands. |
| Dispersion | To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion. |
| Fiberglass | Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass. |
| Fiber-reinforced polymer (FRP) | Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt. |
| Flake | This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics. |
| Fluoropolymers | This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc. |
| Kevlar | Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid. |
| Laminate | A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width. |
| Nylon | They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids. |
| PET preform | A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container. |
| Plastic compounding | Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers. |
| Plastic pellets | Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic. |
| Polymerization | It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds. |
| Styrene Copolymers | A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate. |
| Thermoplastics | Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties. |
| Virgin Plastic | It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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