China Engineering Plastics Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 43.17 Billion |
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Market Size (2029) | USD 61.78 Billion |
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Largest Share by End User Industry | Electrical and Electronics |
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CAGR (2024 - 2029) | 7.43 % |
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Fastest Growing by End User Industry | Automotive |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
China Engineering Plastics Market Analysis
The China Engineering Plastics Market size is estimated at 43.17 billion USD in 2024, and is expected to reach 61.78 billion USD by 2029, growing at a CAGR of 7.43% during the forecast period (2024-2029).
43.17 Billion
Market Size in 2024 (USD)
61.78 Billion
Market Size in 2029 (USD)
4.79 %
CAGR (2017-2023)
7.43 %
CAGR (2024-2029)
Largest Market by End-user Industry
46.61 %
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
9.14 %
Projected CAGR, Automotive, 2024-2029
The automotive 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
33.42 %
value share, Styrene Copolymers (ABS and SAN), 2023
Styrene copolymers have wide applications in the automotive, aerospace, and electronics industries, and they accounted for the largest share in 2022.
Fastest Growing Market by Resin Type
9.31 %
Projected CAGR, Fluoropolymer, 2024-2029
Due to the increasing applications in lithium-ion batteries and architectural coatings, fluoropolymers are expected to witness the fastest growth.
Leading Market Player
9.69 %
market share, CHIMEI, 2022
In 2022, with the largest production capacity of around 2.9 million tons per year of polymers, such as styrene copolymers, PMMA, and polycarbonate, in China, the company held the largest market share.
Packaging to lose its market share by volume to the electrical and electronics industry
- Engineering plastics have applications ranging from interior wall panels and doors in the aerospace industry to rigid and flexible packaging. The Asia-Pacific engineering plastics market is led by the packaging, electrical and electronics, and automotive industries. The packaging electrical and electronics industries accounted for around 39.65% and 35.86%, respectively, of the engineering plastics market by volume in 2022.
- In 2020, China's engineering plastics consumption fell by 2.88% by volume over the previous year due to disruptions in the global supply chain. However, consumption recovered in 2021 and continued to grow steadily, increasing by 2.35% in volume in 2022.
- The packaging industry consumes the highest amounts of engineering plastics in the country due to the large-scale production of plastic bottles used in the packaging of beverages, drinking water, personal care, and household care products, among others. China is the largest e-commerce market globally, with its share amounting to almost 50%. The country's e-commerce market is projected to reach a revenue of around USD 2.3 trillion in 2027 from USD 1.4 trillion in 2023. In 2022, the industry consumed 7.09 million tons of resin, which is expected to reach 9.6 million tons by 2029. All these factors boost the industry's consumption, which is expected to record a CAGR of 6.47%, by value, during the forecast period.
- Automotive is the fastest-growing end-user industry of the Chinese engineering plastics market, expected to record a CAGR of 9.40% by revenue during the forecast period. This is in line with the industry's increasing demand for lightweight engineering plastic composites, such as polycarbonate, polyamide, and fluoropolymer, for use in vehicle components due to their benefits such as high-temperature use, chemical inertness, resistance to abrasion, and non-leaching capabilities that ensure consistent performance.
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China Engineering Plastics Market Trends
China to remain a global electronics manufacturing hub
- China witnessed a 14.5% increase in the revenue of its electrical and electronics industry from 2020 to 2021. Of these, the output of telecom equipment manufacturers registered a Y-o-Y gain of 8.6% in the first four months, while mobile phone output shrank by 10.9% from the previous year. The output of computer manufacturers registered a 3.9% growth in 2020 from the previous year.
- The output of laptops and tablet computers dropped by 31.1% and 24.5%, respectively, in 2020 due to the COVID-19 pandemic-related disruptions.
- However, during the same period, the demand for electrical and electronic products increased owing to the rising demand for electronics and gaming. In 2021, the total profit of Chinese electronic manufacturing enterprises grew by 38.9% over the previous year, reaching CNY 828.3 billion, recording the highest growth rate in the given period. After experiencing a decrease in 2018, the industry's profits rose quickly from 2019 to 2021.
- China domestically manufactures 85% of the electronics used in its defense industry, and the ratio of domestically manufactured essential electronic parts in defense and high-tech equipment rose from 30% to 85%. China remains an important global manufacturing base for consumer electronics, attracting the world's major electronic producers to establish manufacturing bases and research and development centers. Such developments boosted electronics production in 2022, ranking the country first in terms of global production. Such factors are expected to drive production in the electrical and electronics industry during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rise in defense spending to boost the demand for military aircraft components
- Rising disposable incomes and growing urbanization to drive the construction industry
- Abundance of raw materials and a well-established manufacturing industry to support trade
- The Chinese government imposes new regulations to boost the country's recycling rate
- Mechanical recycling accounting for nearly 85-90% of rPET produced in the country
- Supportive government policies for electric vehicles to propel automotive production
- Evolving consumer trends coupled with growing e-commerce to foster growth
- Resin prices to continue being influenced by international crude oil prices
- Polycarbonate resin is expected to reach 3.0 million tons by 2029, producing more recycled polycarbonate in the upcoming years.
- Waste of electrical and electronic equipment (WEEE) in China reached around 10 million tons which is expected to boost ABS recycling
China Engineering Plastics Industry Overview
The China Engineering Plastics Market is fragmented, with the top five companies occupying 31.57%. The major players in this market are CHIMEI, China Resources (Holdings) Co.,Ltd., Far Eastern New Century Corporation, Formosa Plastics Group and Sanfame Group (sorted alphabetically).
China Engineering Plastics Market Leaders
CHIMEI
China Resources (Holdings) Co.,Ltd.
Far Eastern New Century Corporation
Formosa Plastics Group
Sanfame Group
Other important companies include Chang Chun Group, China Petroleum & Chemical Corporation, Covestro AG, Dongyue Group, Henan Energy Group Co., Ltd., Highsun Holding Group, Jilin Joinature Polymer Co., Ltd., PetroChina Company Limited, Shenzhen Wote Advanced Materials Co.,Ltd., Zhejiang Hengyi Group Co., Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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China 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: Dongyue Group completed the construction of its PVDF project with a capacity of around 10,000 tons per year in China. Upon completion of this project, the company's total PVDF production capacity reached 25,000 tons/year.
- August 2022: Covestro AG announced plans to build its first dedicated line for the mechanical recycling (MCR) of polycarbonates in Shanghai, China, to create more sustainable solutions, primarily for electrical and electronic, automotive, and consumer goods applications.
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.
China 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 China
- 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 Chang Chun Group
- 6.4.2 CHIMEI
- 6.4.3 China Petroleum & Chemical Corporation
- 6.4.4 China Resources (Holdings) Co.,Ltd.
- 6.4.5 Covestro AG
- 6.4.6 Dongyue Group
- 6.4.7 Far Eastern New Century Corporation
- 6.4.8 Formosa Plastics Group
- 6.4.9 Henan Energy Group Co., Ltd.
- 6.4.10 Highsun Holding Group
- 6.4.11 Jilin Joinature Polymer Co., Ltd.
- 6.4.12 PetroChina Company Limited
- 6.4.13 Sanfame Group
- 6.4.14 Shenzhen Wote Advanced Materials Co.,Ltd.
- 6.4.15 Zhejiang Hengyi Group Co., Ltd.
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, CHINA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, CHINA, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, CHINA, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, CHINA, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, CHINA, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF ENGINEERING PLASTICS BY RESIN TYPE, USD, CHINA, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF ENGINEERING PLASTICS BY RESIN TYPE, USD, CHINA, 2017 - 2021
- Figure 8:
- PRICE OF ENGINEERING PLASTICS BY RESIN TYPE, USD PER KG, CHINA, 2017 - 2021
- Figure 9:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 10:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, CHINA, 2017 - 2029
- Figure 11:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, TONS, CHINA, 2017 - 2029
- Figure 12:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, USD, CHINA, 2017 - 2029
- Figure 13:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, CHINA, 2017, 2023, AND 2029
- Figure 14:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, CHINA, 2017, 2023, AND 2029
- Figure 15:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, TONS, CHINA, 2017 - 2029
- Figure 16:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, USD, CHINA, 2017 - 2029
- Figure 17:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY BY RESIN TYPE, %, CHINA, 2022 VS 2029
- Figure 18:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, CHINA, 2017 - 2029
- Figure 19:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, CHINA, 2017 - 2029
- Figure 20:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY BY RESIN TYPE, %, CHINA, 2022 VS 2029
- Figure 21:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, CHINA, 2017 - 2029
- Figure 22:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, CHINA, 2017 - 2029
- Figure 23:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY RESIN TYPE, %, CHINA, 2022 VS 2029
- Figure 24:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, CHINA, 2017 - 2029
- Figure 25:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, CHINA, 2017 - 2029
- Figure 26:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY RESIN TYPE, %, CHINA, 2022 VS 2029
- Figure 27:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, CHINA, 2017 - 2029
- Figure 28:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, CHINA, 2017 - 2029
- Figure 29:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY RESIN TYPE, %, CHINA, 2022 VS 2029
- Figure 30:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, TONS, CHINA, 2017 - 2029
- Figure 31:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, USD, CHINA, 2017 - 2029
- Figure 32:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY BY RESIN TYPE, %, CHINA, 2022 VS 2029
- Figure 33:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, CHINA, 2017 - 2029
- Figure 34:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, CHINA, 2017 - 2029
- Figure 35:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY RESIN TYPE, %, CHINA, 2022 VS 2029
- Figure 36:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, TONS, CHINA, 2017 - 2029
- Figure 37:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, USD, CHINA, 2017 - 2029
- Figure 38:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, CHINA, 2017, 2023, AND 2029
- Figure 39:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, CHINA, 2017, 2023, AND 2029
- Figure 40:
- VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, CHINA, 2017 - 2029
- Figure 41:
- VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, CHINA, 2017 - 2029
- Figure 42:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, CHINA, 2017, 2023, AND 2029
- Figure 43:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, CHINA, 2017, 2023, AND 2029
- Figure 44:
- VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 45:
- VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 46:
- VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 47:
- VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 48:
- VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 49:
- VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 50:
- VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 51:
- VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 52:
- VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 53:
- VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 54:
- VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 55:
- VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 56:
- VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 57:
- VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 58:
- VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 59:
- VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 60:
- VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, CHINA, 2017 - 2029
- Figure 61:
- VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 62:
- VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 63:
- VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 64:
- VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 65:
- VOLUME OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, TONS, CHINA, 2017 - 2029
- Figure 66:
- VALUE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, USD, CHINA, 2017 - 2029
- Figure 67:
- VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, CHINA, 2017, 2023, AND 2029
- Figure 68:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, CHINA, 2017, 2023, AND 2029
- Figure 69:
- VOLUME OF ARAMID CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 70:
- VALUE OF ARAMID CONSUMED, USD, CHINA, 2017 - 2029
- Figure 71:
- VALUE SHARE OF ARAMID CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 72:
- VOLUME OF POLYAMIDE (PA) 6 CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 73:
- VALUE OF POLYAMIDE (PA) 6 CONSUMED, USD, CHINA, 2017 - 2029
- Figure 74:
- VALUE SHARE OF POLYAMIDE (PA) 6 CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 75:
- VOLUME OF POLYAMIDE (PA) 66 CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 76:
- VALUE OF POLYAMIDE (PA) 66 CONSUMED, USD, CHINA, 2017 - 2029
- Figure 77:
- VALUE SHARE OF POLYAMIDE (PA) 66 CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 78:
- VOLUME OF POLYPHTHALAMIDE CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 79:
- VALUE OF POLYPHTHALAMIDE CONSUMED, USD, CHINA, 2017 - 2029
- Figure 80:
- VALUE SHARE OF POLYPHTHALAMIDE CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 81:
- VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 82:
- VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 83:
- VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 84:
- VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 85:
- VALUE OF POLYCARBONATE (PC) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 86:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 87:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 88:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 89:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 90:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 91:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 92:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 93:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 94:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 95:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 96:
- VOLUME OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 97:
- VALUE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 98:
- VALUE SHARE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 99:
- VOLUME OF POLYOXYMETHYLENE (POM) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 100:
- VALUE OF POLYOXYMETHYLENE (POM) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 101:
- VALUE SHARE OF POLYOXYMETHYLENE (POM) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 102:
- VOLUME OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, TONS, CHINA, 2017 - 2029
- Figure 103:
- VALUE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, USD, CHINA, 2017 - 2029
- Figure 104:
- VALUE SHARE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED BY END USER INDUSTRY, %, CHINA, 2022 VS 2029
- Figure 105:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, CHINA, 2019 - 2021
- Figure 106:
- MOST ADOPTED STRATEGIES, COUNT, CHINA, 2019 - 2021
- Figure 107:
- PRODUCTION CAPACITY SHARE OF ENGINEERING PLASTICS BY MAJOR PLAYERS, %, CHINA, 2022
- Figure 108:
- PRODUCTION CAPACITY SHARE OF FLUOROPOLYMER BY MAJOR PLAYERS, %, CHINA, 2022
- Figure 109:
- PRODUCTION CAPACITY SHARE OF LIQUID CRYSTAL POLYMER (LCP) BY MAJOR PLAYERS, %, CHINA, 2022
- Figure 110:
- PRODUCTION CAPACITY SHARE OF POLYAMIDE (PA) BY MAJOR PLAYERS, %, CHINA, 2022
- Figure 111:
- PRODUCTION CAPACITY SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) BY MAJOR PLAYERS, %, CHINA, 2022
- Figure 112:
- PRODUCTION CAPACITY SHARE OF POLYCARBONATE (PC) BY MAJOR PLAYERS, %, CHINA, 2022
- Figure 113:
- PRODUCTION CAPACITY SHARE OF POLYETHER ETHER KETONE (PEEK) BY MAJOR PLAYERS, %, CHINA, 2022
- Figure 114:
- PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, CHINA, 2022
- Figure 115:
- PRODUCTION CAPACITY SHARE OF POLYOXYMETHYLENE (POM) BY MAJOR PLAYERS, %, CHINA, 2022
- Figure 116:
- PRODUCTION CAPACITY SHARE OF STYRENE COPOLYMERS (ABS AND SAN) BY MAJOR PLAYERS, %, CHINA, 2022
China 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 have applications ranging from interior wall panels and doors in the aerospace industry to rigid and flexible packaging. The Asia-Pacific engineering plastics market is led by the packaging, electrical and electronics, and automotive industries. The packaging electrical and electronics industries accounted for around 39.65% and 35.86%, respectively, of the engineering plastics market by volume in 2022.
- In 2020, China's engineering plastics consumption fell by 2.88% by volume over the previous year due to disruptions in the global supply chain. However, consumption recovered in 2021 and continued to grow steadily, increasing by 2.35% in volume in 2022.
- The packaging industry consumes the highest amounts of engineering plastics in the country due to the large-scale production of plastic bottles used in the packaging of beverages, drinking water, personal care, and household care products, among others. China is the largest e-commerce market globally, with its share amounting to almost 50%. The country's e-commerce market is projected to reach a revenue of around USD 2.3 trillion in 2027 from USD 1.4 trillion in 2023. In 2022, the industry consumed 7.09 million tons of resin, which is expected to reach 9.6 million tons by 2029. All these factors boost the industry's consumption, which is expected to record a CAGR of 6.47%, by value, during the forecast period.
- Automotive is the fastest-growing end-user industry of the Chinese engineering plastics market, expected to record a CAGR of 9.40% by revenue during the forecast period. This is in line with the industry's increasing demand for lightweight engineering plastic composites, such as polycarbonate, polyamide, and fluoropolymer, for use in vehicle components due to their benefits such as high-temperature use, chemical inertness, resistance to abrasion, and non-leaching capabilities that ensure consistent performance.
| 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, Automotive, 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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