Germany Engineering Plastics Market Size

The Germany Engineering Plastics Market is projected to experience significant growth, driven by its substantial share in the European market. The increasing demand in the packaging and electrical and electronics industries is a key factor contributing to this expansion. The packaging sector, bolstered by trends such as the rise in convenience food and online shopping, plays a crucial role in market growth. Meanwhile, advancements in the electrical and electronics industry, including smart manufacturing and disruptive technologies, further propel the market. The aerospace industry also shows promising growth potential, particularly in aerospace component production.

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Germany Engineering Plastics Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 4.76 Billion
svg icon Market Size (2029) USD 6.16 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2029) 5.30 %
svg icon Fastest Growing by End User Industry Aerospace

Major Players

Germany Engineering Plastics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Germany Engineering Plastics Market Analysis

The Germany Engineering Plastics Market size is estimated at 4.76 billion USD in 2024, and is expected to reach 6.16 billion USD by 2029, growing at a CAGR of 5.30% during the forecast period (2024-2029).

4.76 Billion

Market Size in 2024 (USD)

6.16 Billion

Market Size in 2029 (USD)

-0.03 %

CAGR (2017-2023)

5.30 %

CAGR (2024-2029)

Largest Market by End-user Industry

20.05 %

value share, Packaging, 2023

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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

7.22 %

Projected CAGR, Aerospace, 2024-2029

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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

26.30 %

value share, Polyamide (PA), 2023

Due to the widespread applications in the automotive and electronics industries, like replacing traditional metal parts with lightweight and flexible components, polyamide resins recorded a major share.

Fastest Growing Market by Resin Type

6.69 %

Projected CAGR, Liquid Crystal Polymer (LCP), 2024-2029

Owing to the rising demand for high-performance, smaller, and thinner electrical components, LCP resin is projected to witness the fastest growth in the coming years.

Leading Market Player

14.31 %

market share, BASF SE, 2022

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In 2022, the company held the largest market share, with a huge production capacity of around 370 kilotons per year of polymer resins in Germany. It majorly provides polyamide resins for automotive parts and construction materials.

Rising adoption of advanced materials to drive the demand for engineering plastics

  • The German engineering plastics market accounted for around 21.5%, by value, of the European engineering plastics market in 2022. One of the major reasons behind the rise in the consumption of engineering plastics is their increasing application in the packaging and electrical and electronics industries.
  • The packaging industry comprises the largest industry in the market, with a growth rate of 5.9%, by value, in 2022 compared to the previous year. With the increased demand for ready-to-eat convenience food and the emerging trend of on-the-go lifestyles, the consumption of packaging materials increased, bolstering the sales of engineering plastics. The emerging trend of online shopping from e-commerce websites also serves as a driving factor in the packaging industry.
  • The electrical and electronics industry is the second-largest, which is expected to witness a consumption of 12%, by volume, in 2023 compared to 2022. Trends like the use of advanced materials, organic electronics, miniaturization, and disruptive technologies like artificial intelligence (AI) and the Internet of Things (IoT) have enabled smart manufacturing practices and worked as growth drivers for the industry.
  • The market is expected to register a CAGR of 5.53% during the forecast period (2023-2029), with the aerospace industry reporting the highest CAGR of 7.55%, by value, due to an increase in the production of aerospace components. For instance, aerospace component production revenue is expected to reach USD 66.2 billion by 2029 compared to USD 42.3 billion in 2022.
Germany Engineering Plastics Market

Germany 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.

  • The German engineering plastics market accounted for around 21.5%, by value, of the European engineering plastics market in 2022. One of the major reasons behind the rise in the consumption of engineering plastics is their increasing application in the packaging and electrical and electronics industries.
  • The packaging industry comprises the largest industry in the market, with a growth rate of 5.9%, by value, in 2022 compared to the previous year. With the increased demand for ready-to-eat convenience food and the emerging trend of on-the-go lifestyles, the consumption of packaging materials increased, bolstering the sales of engineering plastics. The emerging trend of online shopping from e-commerce websites also serves as a driving factor in the packaging industry.
  • The electrical and electronics industry is the second-largest, which is expected to witness a consumption of 12%, by volume, in 2023 compared to 2022. Trends like the use of advanced materials, organic electronics, miniaturization, and disruptive technologies like artificial intelligence (AI) and the Internet of Things (IoT) have enabled smart manufacturing practices and worked as growth drivers for the industry.
  • The market is expected to register a CAGR of 5.53% during the forecast period (2023-2029), with the aerospace industry reporting the highest CAGR of 7.55%, by value, due to an increase in the production of aerospace components. For instance, aerospace component production revenue is expected to reach USD 66.2 billion by 2029 compared to USD 42.3 billion 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
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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Germany Engineering Plastics Market Size Summary

The Germany engineering plastics market is experiencing significant growth, driven by its substantial role in the European market. The increasing demand for engineering plastics is primarily fueled by their expanding applications in the packaging and electrical and electronics sectors. The packaging industry, being the largest segment, is witnessing a robust growth trajectory due to the rising demand for convenience foods and the surge in online shopping. Meanwhile, the electrical and electronics industry is benefiting from advancements in materials and technologies, such as AI and IoT, which are enhancing manufacturing processes and driving consumption. The aerospace sector is also contributing to market expansion, with a notable increase in the production of aerospace components.

The market is characterized by moderate consolidation, with major players like BASF SE, Celanese Corporation, and Covestro AG leading the industry. These companies are actively enhancing their product offerings through strategic acquisitions and innovations, such as the introduction of sustainable and advanced materials. Despite challenges like supply chain disruptions during the pandemic, the market has shown resilience and is poised for continued growth. The demand for consumer electronics and advanced technologies is expected to rise, further bolstering the market for engineering plastics in Germany.

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Germany Engineering Plastics Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Resin Type

      1. 1.2.1 Fluoropolymer

        1. 1.2.1.1 By Sub Resin Type

          1. 1.2.1.1.1 Ethylenetetrafluoroethylene (ETFE)

          2. 1.2.1.1.2 Fluorinated Ethylene-propylene (FEP)

          3. 1.2.1.1.3 Polytetrafluoroethylene (PTFE)

          4. 1.2.1.1.4 Polyvinylfluoride (PVF)

          5. 1.2.1.1.5 Polyvinylidene Fluoride (PVDF)

          6. 1.2.1.1.6 Other Sub Resin Types

      2. 1.2.2 Liquid Crystal Polymer (LCP)

      3. 1.2.3 Polyamide (PA)

        1. 1.2.3.1 By Sub Resin Type

          1. 1.2.3.1.1 Aramid

          2. 1.2.3.1.2 Polyamide (PA) 6

          3. 1.2.3.1.3 Polyamide (PA) 66

          4. 1.2.3.1.4 Polyphthalamide

      4. 1.2.4 Polybutylene Terephthalate (PBT)

      5. 1.2.5 Polycarbonate (PC)

      6. 1.2.6 Polyether Ether Ketone (PEEK)

      7. 1.2.7 Polyethylene Terephthalate (PET)

      8. 1.2.8 Polyimide (PI)

      9. 1.2.9 Polymethyl Methacrylate (PMMA)

      10. 1.2.10 Polyoxymethylene (POM)

      11. 1.2.11 Styrene Copolymers (ABS and SAN)

Germany Engineering Plastics Market Size FAQs

The Germany Engineering Plastics Market size is expected to reach USD 4.76 billion in 2024 and grow at a CAGR of 5.30% to reach USD 6.16 billion by 2029.

In 2024, the Germany Engineering Plastics Market size is expected to reach USD 4.76 billion.

Germany Engineering Plastics Market Report Snapshots

Germany Engineering Plastics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029