Europe Engineering Plastics Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 23.90 Billion |
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Market Size (2029) | USD 31.69 Billion |
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Largest Share by End User Industry | Packaging |
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CAGR (2024 - 2029) | 5.80 % |
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Largest Share by Country | Germany |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Engineering Plastics Market Analysis
The Europe Engineering Plastics Market size is estimated at 23.90 billion USD in 2024, and is expected to reach 31.69 billion USD by 2029, growing at a CAGR of 5.80% during the forecast period (2024-2029).
23.90 Billion
Market Size in 2024 (USD)
31.69 Billion
Market Size in 2029 (USD)
3.40 %
CAGR (2017-2023)
5.80 %
CAGR (2024-2029)
Largest Market by End-user Industry
24.48 %
value share, Packaging, 2023
Due to the wide range of applications, including bottles, jars, and containers, specifically in the food and beverage industry, the packaging segment occupied the major share.
Fastest Growing Market by End-user Industry
7.49 %
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
22.48 %
value share, Polyethylene Terephthalate (PET), 2023
With widespread applications in the packaging industry and the rising demand for PET sheets and films, PET resin has occupied the largest share in the market.
Largest Market by Country
19.97 %
value share, Germany, 2023
Owing to the high demand for engineering plastics in major industries, including automotive, industrial machinery, and packaging, Germany captured the largest market share across the region.
Leading Market Player
17.31 %
market share, Indorama Ventures Public Company Limited, 2022
In 2022, with the largest production capacity of around 1.8 million tons per year of PET resin in the European region, the company held the largest market share. Indorama offers various grades for bottles, sheets, and films.
Packaging to dominate the market during the forecast period
- Engineering plastics have endless applications today and tend to have better mechanical and thermal properties than common or commodity plastics. The European engineering plastics consumption volume witnessed a growth of 5.1% from 2017 to 2019 due to increasing demand from the packaging and electrical and electronics segments.
- The packaging segment consumes most of the engineering plastics in the region due to the large-scale production of plastic bottles used in packaging beverages, drinking water, personal care, household care, etc. Due to disruptions in the global supply chain, all industries' combined consumption volume fell by 6.2% in the pandemic year 2020 compared to the previous year. However, the market recovered in 2021 and continued to grow steadily, increasing by 4.6% in 2022.
- Because of the large number of vehicles produced in Europe, the automotive segment is the second largest consumer of engineering plastics after the packaging segment. Vehicle production dropped significantly in 2020 due to lockdowns, travel restrictions, and the closure of automotive factories, resulting in a 22.69% decrease in consumption volume from the previous year in the automotive segment.
- The European aerospace segment is expected to be the fastest growing in terms of consumption value during the forecast period (2023-2029) with a CAGR of 7.78%, owing to the production of aircraft components in response to the increasing demand for lighter and more fuel-efficient aircraft.
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Germany to dominate the market over the coming years
- Engineering plastics play the role of an important polymer in Europe for various end-user industries, including packaging, electrical and electronics, automotive, aerospace, and industrial and machinery.
- Germany is the largest consumer of engineering plastics in the region owing to its growing packaging, construction, electrical and electronics, and automotive industries. In 2022, the German packaging industry held a share of 18.7% by revenue compared to the entire Europe. In Germany, plastic packaging production reached 4.46 million tons in 2022 from 4.37 million tons in 2021.
- Italy is the second-largest consumer of engineering plastics in the region. The country held a share of 12% by revenue of the overall resin market in Europe in 2022 due to its rapidly growing construction and electrical industries. The new floor area in the country reached 188.5 million sq. ft in 2022 from 167.2 million sq. ft in 2021. The rising construction industry is projected to drive the demand for engineering plastic in Italy in the future.
- The United Kingdom is the fastest-growing country in the European engineering plastics market, which is expected to register a CAGR of 6.70% in terms of value during the forecast period (2023-2029). The aerospace industry in the United Kingdom is the second-largest in the world. In 2021, the UK civil aerospace turnover totaled approximately USD 32 billion. The government of the United Kingdom is planning to increase its R&D spending to 2.4% of GDP by 2027. The increasing production and investment in the aerospace industry are projected to drive the demand for engineering plastics in the country during the forecast period.
Europe Engineering Plastics Market Trends
Technological innovations to boost the consumer electronics market
- Europe's electrical and electronics production registered a CAGR of over 3.8% between 2017 and 2021. The rapid pace of electronic technological innovation is driving consistent demand for newer and faster electrical and electronic products. As a result, it has also increased the demand for electrical and electronics production in the region.
- Despite the increased demand for computers and laptops due to remote working and distance learning, the average revenue per user in the European consumer electronics segment dropped by 6.3%. It generated a revenue of around USD 252.1 billion in 2020. As a result, in 2020, the electrical and electronic production in the region decreased by 2.8% by revenue compared to the previous year.
- In 2021, Europe's electrical and electronic equipment exports were around USD 228.37 billion, 12.4% higher compared to 2020. As a result, electrical and electronic production in the region increased and registered 11.6% in 2021 compared to the previous year.
- Robotics, virtual reality and augmented reality, IoT (Internet of Things), and 5G connectivity are expected to grow during the forecast period. As a result of technological advancements, demand for consumer electronics is expected to rise during the forecast period. The consumer electronics segment in the region is projected to reach a revenue of around USD 157.2 billion in 2027 from USD 121.1 billion in 2023. By 2027, Europe is projected to be the second-largest electrical and electronics production accounting for around 12.7% of the global market. As a result, the rise in consumer electronics is projected to increase the demand for electrical and electronics production in the coming years.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Demand for commercial and military aircraft to drive the component production growth
- EU government policies and initiatives to augment the construction industry
- Germany to dominate the fluoropolymer resin imports and exports in the region
- Automotive industry largely impacts imports of the region
- Rising automotive production to influence the imports of the region in the future
- Local manufacturing presence to be sufficient for the growing ABS and SAN demand
- New EU policy to encourage recycling with an amendment to recycle 95% of the parts from automotive when discarded
- Under the EU's Packaging and Packaging Waste Directive PET drinking bottles must contain at least 25% recycled plastic by 2025
- Electric vehicles to foster the growth of automobile production
- E-commerce and flexible packaging to boost the plastic packaging market
- Automobile and electronics production to create demand for polyamide resin in the region
- Europe to remain major exporter of PET in the global trade
- Germany to remain net exporter of POM resin during the forecast period
- Resin prices to remain under the influence of crude oil prices in the international market
- IBM created a one-step recycling process for PC that does not result in the release of bisphenol A (BPA) into the environment
- With rising demand for styrene copolymers resin in Europe production of R-ABS likely to increase
Europe Engineering Plastics Industry Overview
The Europe Engineering Plastics Market is fragmented, with the top five companies occupying 37.52%. The major players in this market are BASF SE, Covestro AG, Indorama Ventures Public Company Limited, NEO GROUP and SABIC (sorted alphabetically).
Europe Engineering Plastics Market Leaders
BASF SE
Covestro AG
Indorama Ventures Public Company Limited
NEO GROUP
SABIC
Other important companies include Arkema, Celanese Corporation, DSM, DuPont, INEOS, LANXESS, Mitsubishi Chemical Corporation, Solvay, Trinseo, Victrex.
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Engineering Plastics Market News
- March 2023: Victrex PLC introduced a new type of implantable PEEK-OPTIMA polymer that is specifically designed for use in the manufacturing processes of medical device additives, such as fused deposition modeling (FDM) and fused filament fabrication (FFF).
- February 2023: Victrex PLC revealed its plans to invest in the expansion of its medical division, Invibio Biomaterial Solutions, which includes establishing a new product development facility in Leeds, United Kingdom.
- 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.
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.
Europe 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
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4.2 Import And Export Trends
- 4.2.1 Fluoropolymer Trade
- 4.2.2 Polyamide (PA) Trade
- 4.2.3 Polycarbonate (PC) Trade
- 4.2.4 Polyethylene Terephthalate (PET) Trade
- 4.2.5 Polymethyl Methacrylate (PMMA) Trade
- 4.2.6 Polyoxymethylene (POM) Trade
- 4.2.7 Styrene Copolymers (ABS and SAN) Trade
- 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 EU
- 4.5.2 France
- 4.5.3 Germany
- 4.5.4 Italy
- 4.5.5 Russia
- 4.5.6 United Kingdom
- 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)
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5.3 Country
- 5.3.1 France
- 5.3.2 Germany
- 5.3.3 Italy
- 5.3.4 Russia
- 5.3.5 United Kingdom
- 5.3.6 Rest of Europe
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 Celanese Corporation
- 6.4.4 Covestro AG
- 6.4.5 DSM
- 6.4.6 DuPont
- 6.4.7 Indorama Ventures Public Company Limited
- 6.4.8 INEOS
- 6.4.9 LANXESS
- 6.4.10 Mitsubishi Chemical Corporation
- 6.4.11 NEO GROUP
- 6.4.12 SABIC
- 6.4.13 Solvay
- 6.4.14 Trinseo
- 6.4.15 Victrex
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, EUROPE, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, EUROPE, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, EUROPE, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, EUROPE, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, EUROPE, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 8:
- IMPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 9:
- EXPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 10:
- IMPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 11:
- EXPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 12:
- IMPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 13:
- EXPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 14:
- IMPORT REVENUE OF POLYMETHYL METHACRYLATE (PMMA) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 15:
- EXPORT REVENUE OF POLYMETHYL METHACRYLATE (PMMA) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 16:
- IMPORT REVENUE OF POLYOXYMETHYLENE (POM) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 17:
- EXPORT REVENUE OF POLYOXYMETHYLENE (POM) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 18:
- IMPORT REVENUE OF STYRENE COPOLYMERS (ABS AND SAN) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 19:
- EXPORT REVENUE OF STYRENE COPOLYMERS (ABS AND SAN) TRADE BY TOP COUNTRIES, USD, EUROPE, 2017 - 2021
- Figure 20:
- PRICE OF ENGINEERING PLASTICS BY RESIN TYPE, USD PER KG, GERMANY, 2017 - 2021
- Figure 21:
- PRICE OF ENGINEERING PLASTICS BY RESIN TYPE, USD PER KG, FRANCE, 2017 - 2021
- Figure 22:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 23:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 24:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 25:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 26:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 27:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 28:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 29:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 30:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 31:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 32:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 33:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 34:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 35:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 36:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 37:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 38:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 39:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 40:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 41:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 42:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 43:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 44:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 45:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 46:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, EUROPE, 2017 - 2029
- Figure 47:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, EUROPE, 2017 - 2029
- Figure 48:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY RESIN TYPE, %, EUROPE, 2022 VS 2029
- Figure 49:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, TONS, EUROPE, 2017 - 2029
- Figure 50:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, USD, EUROPE, 2017 - 2029
- Figure 51:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 52:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 53:
- VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, EUROPE, 2017 - 2029
- Figure 54:
- VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, EUROPE, 2017 - 2029
- Figure 55:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 56:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 57:
- VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 58:
- VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 59:
- VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 60:
- VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 61:
- VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 62:
- VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 63:
- VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 64:
- VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 65:
- VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 66:
- VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 67:
- VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 68:
- VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 69:
- VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 70:
- VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 71:
- VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 72:
- VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 73:
- VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 74:
- VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 75:
- VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 76:
- VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 77:
- VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 78:
- VOLUME OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, TONS, EUROPE, 2017 - 2029
- Figure 79:
- VALUE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, USD, EUROPE, 2017 - 2029
- Figure 80:
- VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 81:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, EUROPE, 2017, 2023, AND 2029
- Figure 82:
- VOLUME OF ARAMID CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 83:
- VALUE OF ARAMID CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 84:
- VALUE SHARE OF ARAMID CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 85:
- VOLUME OF POLYAMIDE (PA) 6 CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 86:
- VALUE OF POLYAMIDE (PA) 6 CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 87:
- VALUE SHARE OF POLYAMIDE (PA) 6 CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 88:
- VOLUME OF POLYAMIDE (PA) 66 CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 89:
- VALUE OF POLYAMIDE (PA) 66 CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 90:
- VALUE SHARE OF POLYAMIDE (PA) 66 CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 91:
- VOLUME OF POLYPHTHALAMIDE CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 92:
- VALUE OF POLYPHTHALAMIDE CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 93:
- VALUE SHARE OF POLYPHTHALAMIDE CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 94:
- VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 95:
- VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 96:
- VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 97:
- VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 98:
- VALUE OF POLYCARBONATE (PC) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 99:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 100:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 101:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 102:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 103:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 104:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 105:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 106:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 107:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 108:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 109:
- VOLUME OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 110:
- VALUE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 111:
- VALUE SHARE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 112:
- VOLUME OF POLYOXYMETHYLENE (POM) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 113:
- VALUE OF POLYOXYMETHYLENE (POM) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 114:
- VALUE SHARE OF POLYOXYMETHYLENE (POM) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 115:
- VOLUME OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, TONS, EUROPE, 2017 - 2029
- Figure 116:
- VALUE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, USD, EUROPE, 2017 - 2029
- Figure 117:
- VALUE SHARE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED BY END USER INDUSTRY, %, EUROPE, 2022 VS 2029
- Figure 118:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, TONS, EUROPE, 2017 - 2029
- Figure 119:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2029
- Figure 120:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 121:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, %, EUROPE, 2017, 2023, AND 2029
- Figure 122:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, FRANCE, 2017 - 2029
- Figure 123:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, FRANCE, 2017 - 2029
- Figure 124:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, FRANCE, 2022 VS 2029
- Figure 125:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, GERMANY, 2017 - 2029
- Figure 126:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, GERMANY, 2017 - 2029
- Figure 127:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, GERMANY, 2022 VS 2029
- Figure 128:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, ITALY, 2017 - 2029
- Figure 129:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, ITALY, 2017 - 2029
- Figure 130:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, ITALY, 2022 VS 2029
- Figure 131:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, RUSSIA, 2017 - 2029
- Figure 132:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, RUSSIA, 2017 - 2029
- Figure 133:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2022 VS 2029
- Figure 134:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, UNITED KINGDOM, 2017 - 2029
- Figure 135:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, UNITED KINGDOM, 2017 - 2029
- Figure 136:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2022 VS 2029
- Figure 137:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, REST OF EUROPE, 2017 - 2029
- Figure 138:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, REST OF EUROPE, 2017 - 2029
- Figure 139:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2022 VS 2029
- Figure 140:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, EUROPE, 2019 - 2021
- Figure 141:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2019 - 2021
- Figure 142:
- PRODUCTION CAPACITY SHARE OF ENGINEERING PLASTICS BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 143:
- PRODUCTION CAPACITY SHARE OF FLUOROPOLYMER BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 144:
- PRODUCTION CAPACITY SHARE OF POLYAMIDE (PA) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 145:
- PRODUCTION CAPACITY SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 146:
- PRODUCTION CAPACITY SHARE OF POLYCARBONATE (PC) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 147:
- PRODUCTION CAPACITY SHARE OF POLYETHER ETHER KETONE (PEEK) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 148:
- PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 149:
- PRODUCTION CAPACITY SHARE OF POLYOXYMETHYLENE (POM) BY MAJOR PLAYERS, %, EUROPE, 2022
- Figure 150:
- PRODUCTION CAPACITY SHARE OF STYRENE COPOLYMERS (ABS AND SAN) BY MAJOR PLAYERS, %, EUROPE, 2022
Europe 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. France, Germany, Italy, Russia, United Kingdom are covered as segments by Country.
- Engineering plastics have endless applications today and tend to have better mechanical and thermal properties than common or commodity plastics. The European engineering plastics consumption volume witnessed a growth of 5.1% from 2017 to 2019 due to increasing demand from the packaging and electrical and electronics segments.
- The packaging segment consumes most of the engineering plastics in the region due to the large-scale production of plastic bottles used in packaging beverages, drinking water, personal care, household care, etc. Due to disruptions in the global supply chain, all industries' combined consumption volume fell by 6.2% in the pandemic year 2020 compared to the previous year. However, the market recovered in 2021 and continued to grow steadily, increasing by 4.6% in 2022.
- Because of the large number of vehicles produced in Europe, the automotive segment is the second largest consumer of engineering plastics after the packaging segment. Vehicle production dropped significantly in 2020 due to lockdowns, travel restrictions, and the closure of automotive factories, resulting in a 22.69% decrease in consumption volume from the previous year in the automotive segment.
- The European aerospace segment is expected to be the fastest growing in terms of consumption value during the forecast period (2023-2029) with a CAGR of 7.78%, owing to the production of aircraft components in response to the increasing demand for lighter and more fuel-efficient aircraft.
| 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) | |||
| Country | France | ||
| Germany | |||
| Italy | |||
| Russia | |||
| United Kingdom | |||
| Rest of Europe |
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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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