North America Engineering Plastics Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 18.54 Billion |
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Market Size (2029) | USD 25.64 Billion |
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Largest Share by End User Industry | Packaging |
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CAGR (2024 - 2029) | 6.70 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Engineering Plastics Market Analysis
The North America Engineering Plastics Market size is estimated at 18.54 billion USD in 2024, and is expected to reach 25.64 billion USD by 2029, growing at a CAGR of 6.70% during the forecast period (2024-2029).
18.54 Billion
Market Size in 2024 (USD)
25.64 Billion
Market Size in 2029 (USD)
3.85 %
CAGR (2017-2023)
6.70 %
CAGR (2024-2029)
Largest Market by End-user Industry
30.93 %
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
8.37 %
Projected CAGR, Electrical and Electronics, 2024-2029
The segment is expected to record the fastest growth due to the superior properties of engineering plastics, such as lightweight, easy-to-make complex shapes, higher flexibility, and good fire resistivity.
Largest Market by Resin Type
29.06 %
value share, Polyethylene Terephthalate (PET), 2023
With widespread applications in the packaging industry and rising demand for PET sheets and films to replace traditional metal parts, PET resin occupies the largest share in the region.
Largest Market by Country
80.87 %
value share, United States, 2023
Due to the stable economic growth and escalating demand from various industries, including packaging, electrical, and electronics, the United States has dominated the demand for engineering plastics in the region over recent years.
Leading Market Player
24.23 %
market share, Alfa S.A.B. de C.V., 2022
In 2022, the company held the largest share due to its production capacity of around 1.8 million tons per year of PET resin. Also, the company offers various grades, mainly for packaging applications.
Packaging industry to lose some of its volume share to electrical and electronics industry
- Engineering plastics have applications ranging from interior wall panels and doors in aerospace to rigid and flexible packaging. The North American engineering plastics market is led by industries such as packaging, electrical and electronics, and automotive. Packaging and electrical and electronics accounted for around 31.35% and 17.43%, respectively, of the engineering plastics market in terms of revenue in 2022.
- Packaging is the largest end-user industry in the region due to families worldwide becoming smaller and significant changes in urbanization and family demographics. These factors increase the demand for functional, prepackaged, and convenient food products. Plastic packaging production in North America had a volume of 22.4 million tons in 2022, which was 16.6% globally. The demand for engineering plastics in the region is increasing due to the increasing consumer demand for packaged food and beverages.
- The electrical and electronics sector is the second largest in the region and especially in the United States. The sector accounted for 1.6% of the GDP. It generated a revenue of USD 576.1 billion in 2022 in the region, thus increasing the demand for electrical and electronics and empowering the onset of electric vehicles, autonomous robots, and top-secret defense technologies, thereby boosting the demand for engineering plastics.
- The electrical and electronics industry is the fastest-growing in the region by revenue, with an expected CAGR of 8.54% during the forecast period (2023-2029), due to increasing applications of engineering plastics for the need of plastic composites in various electrical and electronics applications.
Understand The Key Trends Shaping This Market
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Evolving consumer and industrial trends, coupled with technological innovations, may boost the demand for engineering plastics
- North America accounted for a 15% consumption share of engineering plastics globally in 2022. Engineering plastics exhibit versatile properties, thus finding applications in the automotive, packaging, and electrical and electronics industries.
- The United States recorded a growth of 7.14% by value in 2022 compared to the previous year, attributed to the packaging and electrical and electronics industries, which held 27% and 24% of the market shares, respectively, by value. With an increase in the demand for ready-to-eat convenience food products and the emerging trend of an on-the-go lifestyle, the consumption of packaging materials has increased, thus boosting the sales of engineering plastics in the region. With companies adopting work-from-home models and people setting up home offices, the demand for electronic devices also increased. Technological innovations are also creating consistent demand for electronic gadgets every year.
- Mexico is the fastest-growing market, recording a growth of 10.53% in terms of value in 2022 compared to 2021, led by the industrial machinery and equipment industry. Mexico aims to improve its highways, modernize its ports, and expand its farms by making them more mechanized, thus boosting the demand for construction and farming machinery.
- The North American engineering plastics market is expected to register a CAGR of 6.62% during the forecast period, with the electrical and electronics industry recording the highest CAGR of 8.54% by value. The use of advanced materials, organic electronics, miniaturization, and disruptive technologies like AI and the IoT may also boost the adoption of smart manufacturing practices, thus driving the industry's growth.
North America Engineering Plastics Market Trends
Strong growth of technological innovations to augment the overall growth of the industry
- Electrical and electronics production in North America witnessed a CAGR of over 1.4% between 2017 and 2019 owing to the advancement of technology, coupled with the increasing demand for consumer electronics products, such as smart TVs, refrigerators, air conditioners, and other products. The rapid pace of electronic technological innovation is driving the demand for newer and faster electronic products. As a result, it has also increased the electrical and electronics production in the region.
- Electronic device sales in North America fell by around 9% in 2020 compared to 2019, owing to the COVID-19 impact, because of the production facility shutdowns, supply chain disruptions, and various other constraints. As a result, revenue from electrical and electronics production in the region decreased by 4.7% in 2020 compared to the previous year.
- In 2021, the sales of consumer electronics in the region reached around USD 113 billion, 4% higher than in 2020. As a result, North America’s electrical and electronics production grew by 13.8% in 2021 in terms of revenue compared to the previous year.
- By 2027, North America is projected to be the third-largest region for electrical and electronics production and account for a share of around 10.5% of the global market. The emergence of advanced technologies such as virtual reality, IoT solutions, and robotics into consumer electronic products to achieve efficiency and low cost has provided a significant advantage to the consumer electronics industry. The consumer electronics industry in the region is projected to reach a market volume of around USD 161.8 billion by 2027 from USD 127.6 billion in 2023. As a result, the demand for electrical and electronic products in the region is projected to increase.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing investments in the civil aviation and defense sectors to drive the industry
- Strong growth in residential construction to drive the industry
- United States to remain as the cornerstone of the regional fluoropolymer trade
- Growing automotive industry to create larger regional trade avenues
- Increasing domestic consumption to significantly impact the regional PMMA trade
- Increasing domestic production to reduce the regional import dependence
- Recycling policies from governments in the region to boost the recycling rates of engineering plastics
- The PET recycling rate in Mexico stood at 56%, the United States at 28.6%, and Canada at 9%
- Government initiatives for electric vehicles to support the automotive production
- Evolving lifestyle to increase the plastic packaging applications
- Abundant availability of polyamide raw materials to promote regional resin exports
- North America to remain as a net importer of PET resins
- Local manufacturing presence may be sufficient for the increasing demand for POM
- Resin prices to remain under the influence of crude oil prices in the international market
- Methods being developed to use eco-friendly glycerol to recycle PC to recover up to 98% of the plastic's monomer
- With growing electrical waste of around 13.1 million tons is an opportunity for many ABS manufacturers across the region to produce R-ABS
North America Engineering Plastics Industry Overview
The North America Engineering Plastics Market is fairly consolidated, with the top five companies occupying 68.68%. The major players in this market are Alfa S.A.B. de C.V., Ascend Performance Materials, Indorama Ventures Public Company Limited, Koch Industries, Inc. and SABIC (sorted alphabetically).
North America Engineering Plastics Market Leaders
Alfa S.A.B. de C.V.
Ascend Performance Materials
Indorama Ventures Public Company Limited
Koch Industries, Inc.
SABIC
Other important companies include Arkema, BASF SE, Celanese Corporation, Covestro AG, DuPont, Eastman Chemical Company, Formosa Plastics Group, INEOS, Solvay, Trinseo.
*Disclaimer: Major Players sorted in alphabetical order.
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North America 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.
- November 2022: Solvay and Orbia announced a framework agreement to form a partnership for the production of suspension-grade polyvinylidene fluoride (PVDF) for battery materials, resulting in the largest capacity in North America.
- November 2022: Celanese Corporation completed the acquisition of the Mobility & Materials (“M&M”) business of DuPont. This acquisition enhanced the company's product portfolio of engineered thermoplastics through the addition of well-recognized brands and intellectual properties of DuPont.
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.
North America 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 Canada
- 4.5.2 Mexico
- 4.5.3 United States
- 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 Canada
- 5.3.2 Mexico
- 5.3.3 United States
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 Alfa S.A.B. de C.V.
- 6.4.2 Arkema
- 6.4.3 Ascend Performance Materials
- 6.4.4 BASF SE
- 6.4.5 Celanese Corporation
- 6.4.6 Covestro AG
- 6.4.7 DuPont
- 6.4.8 Eastman Chemical Company
- 6.4.9 Formosa Plastics Group
- 6.4.10 Indorama Ventures Public Company Limited
- 6.4.11 INEOS
- 6.4.12 Koch Industries, Inc.
- 6.4.13 SABIC
- 6.4.14 Solvay
- 6.4.15 Trinseo
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, NORTH AMERICA, 2017 - 2029
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, NORTH AMERICA, 2017 - 2029
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, NORTH AMERICA, 2017 - 2029
- Figure 4:
- PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, NORTH AMERICA, 2017 - 2029
- Figure 5:
- PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, NORTH AMERICA, 2017 - 2029
- Figure 6:
- IMPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 7:
- EXPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 8:
- IMPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 9:
- EXPORT REVENUE OF POLYAMIDE (PA) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 10:
- IMPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 11:
- EXPORT REVENUE OF POLYCARBONATE (PC) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 12:
- IMPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 13:
- EXPORT REVENUE OF POLYETHYLENE TEREPHTHALATE (PET) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 14:
- IMPORT REVENUE OF POLYMETHYL METHACRYLATE (PMMA) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 15:
- EXPORT REVENUE OF POLYMETHYL METHACRYLATE (PMMA) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 16:
- IMPORT REVENUE OF POLYOXYMETHYLENE (POM) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 17:
- EXPORT REVENUE OF POLYOXYMETHYLENE (POM) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 18:
- IMPORT REVENUE OF STYRENE COPOLYMERS (ABS AND SAN) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 19:
- EXPORT REVENUE OF STYRENE COPOLYMERS (ABS AND SAN) TRADE BY TOP COUNTRIES, USD, NORTH AMERICA, 2017 - 2021
- Figure 20:
- PRICE OF ENGINEERING PLASTICS BY RESIN TYPE, USD PER KG, UNITED STATES, 2017 - 2021
- Figure 21:
- PRICE OF ENGINEERING PLASTICS BY RESIN TYPE, USD PER KG, CANADA, 2017 - 2021
- Figure 22:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 23:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 24:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 25:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 26:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 27:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 28:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 29:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 30:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AEROSPACE INDUSTRY BY RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 31:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 32:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 33:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN AUTOMOTIVE INDUSTRY BY RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 34:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 35:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 36:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 37:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 38:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 39:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 40:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 41:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 42:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 43:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 44:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 45:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN PACKAGING INDUSTRY BY RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 46:
- VOLUME OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 47:
- VALUE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 48:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY RESIN TYPE, %, NORTH AMERICA, 2022 VS 2029
- Figure 49:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, TONS, NORTH AMERICA, 2017 - 2029
- Figure 50:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 51:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 52:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY RESIN TYPE, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 53:
- VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, NORTH AMERICA, 2017 - 2029
- Figure 54:
- VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 55:
- VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 56:
- VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 57:
- VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 58:
- VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 59:
- VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 60:
- VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 61:
- VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 62:
- VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 63:
- VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 64:
- VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 65:
- VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 66:
- VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 67:
- VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 68:
- VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 69:
- VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 70:
- VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 71:
- VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 72:
- VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 73:
- VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 74:
- VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 75:
- VOLUME OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 76:
- VALUE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 77:
- VALUE SHARE OF LIQUID CRYSTAL POLYMER (LCP) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 78:
- VOLUME OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, TONS, NORTH AMERICA, 2017 - 2029
- Figure 79:
- VALUE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, USD, NORTH AMERICA, 2017 - 2029
- Figure 80:
- VOLUME SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 81:
- VALUE SHARE OF POLYAMIDE (PA) CONSUMED BY SUB RESIN TYPE, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 82:
- VOLUME OF ARAMID CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 83:
- VALUE OF ARAMID CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 84:
- VALUE SHARE OF ARAMID CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 85:
- VOLUME OF POLYAMIDE (PA) 6 CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 86:
- VALUE OF POLYAMIDE (PA) 6 CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 87:
- VALUE SHARE OF POLYAMIDE (PA) 6 CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 88:
- VOLUME OF POLYAMIDE (PA) 66 CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 89:
- VALUE OF POLYAMIDE (PA) 66 CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 90:
- VALUE SHARE OF POLYAMIDE (PA) 66 CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 91:
- VOLUME OF POLYPHTHALAMIDE CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 92:
- VALUE OF POLYPHTHALAMIDE CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 93:
- VALUE SHARE OF POLYPHTHALAMIDE CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 94:
- VOLUME OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 95:
- VALUE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 96:
- VALUE SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 97:
- VOLUME OF POLYCARBONATE (PC) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 98:
- VALUE OF POLYCARBONATE (PC) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 99:
- VALUE SHARE OF POLYCARBONATE (PC) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 100:
- VOLUME OF POLYETHER ETHER KETONE (PEEK) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 101:
- VALUE OF POLYETHER ETHER KETONE (PEEK) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 102:
- VALUE SHARE OF POLYETHER ETHER KETONE (PEEK) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 103:
- VOLUME OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 104:
- VALUE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 105:
- VALUE SHARE OF POLYETHYLENE TEREPHTHALATE (PET) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 106:
- VOLUME OF POLYIMIDE (PI) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 107:
- VALUE OF POLYIMIDE (PI) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 108:
- VALUE SHARE OF POLYIMIDE (PI) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 109:
- VOLUME OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 110:
- VALUE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 111:
- VALUE SHARE OF POLYMETHYL METHACRYLATE (PMMA) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 112:
- VOLUME OF POLYOXYMETHYLENE (POM) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 113:
- VALUE OF POLYOXYMETHYLENE (POM) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 114:
- VALUE SHARE OF POLYOXYMETHYLENE (POM) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 115:
- VOLUME OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, TONS, NORTH AMERICA, 2017 - 2029
- Figure 116:
- VALUE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED, USD, NORTH AMERICA, 2017 - 2029
- Figure 117:
- VALUE SHARE OF STYRENE COPOLYMERS (ABS AND SAN) CONSUMED BY END USER INDUSTRY, %, NORTH AMERICA, 2022 VS 2029
- Figure 118:
- VOLUME OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, TONS, NORTH AMERICA, 2017 - 2029
- Figure 119:
- VALUE OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2029
- Figure 120:
- VOLUME SHARE OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 121:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY COUNTRY, %, NORTH AMERICA, 2017, 2023, AND 2029
- Figure 122:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, CANADA, 2017 - 2029
- Figure 123:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, CANADA, 2017 - 2029
- Figure 124:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, CANADA, 2022 VS 2029
- Figure 125:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, MEXICO, 2017 - 2029
- Figure 126:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, MEXICO, 2017 - 2029
- Figure 127:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, MEXICO, 2022 VS 2029
- Figure 128:
- VOLUME OF ENGINEERING PLASTICS CONSUMED, TONS, UNITED STATES, 2017 - 2029
- Figure 129:
- VALUE OF ENGINEERING PLASTICS CONSUMED, USD, UNITED STATES, 2017 - 2029
- Figure 130:
- VALUE SHARE OF ENGINEERING PLASTICS CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2022 VS 2029
- Figure 131:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, NORTH AMERICA, 2019 - 2021
- Figure 132:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2019 - 2021
- Figure 133:
- PRODUCTION CAPACITY SHARE OF ENGINEERING PLASTICS BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
- Figure 134:
- PRODUCTION CAPACITY SHARE OF FLUOROPOLYMER BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
- Figure 135:
- PRODUCTION CAPACITY SHARE OF LIQUID CRYSTAL POLYMER (LCP) BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
- Figure 136:
- PRODUCTION CAPACITY SHARE OF POLYAMIDE (PA) BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
- Figure 137:
- PRODUCTION CAPACITY SHARE OF POLYBUTYLENE TEREPHTHALATE (PBT) BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
- Figure 138:
- PRODUCTION CAPACITY SHARE OF POLYCARBONATE (PC) BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
- Figure 139:
- PRODUCTION CAPACITY SHARE OF POLYETHER ETHER KETONE (PEEK) BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
- Figure 140:
- PRODUCTION CAPACITY SHARE OF POLYETHYLENE TEREPHTHALATE (PET) BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
- Figure 141:
- PRODUCTION CAPACITY SHARE OF POLYOXYMETHYLENE (POM) BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
- Figure 142:
- PRODUCTION CAPACITY SHARE OF STYRENE COPOLYMERS (ABS AND SAN) BY MAJOR PLAYERS, %, NORTH AMERICA, 2022
North America 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. Canada, Mexico, United States are covered as segments by Country.
- Engineering plastics have applications ranging from interior wall panels and doors in aerospace to rigid and flexible packaging. The North American engineering plastics market is led by industries such as packaging, electrical and electronics, and automotive. Packaging and electrical and electronics accounted for around 31.35% and 17.43%, respectively, of the engineering plastics market in terms of revenue in 2022.
- Packaging is the largest end-user industry in the region due to families worldwide becoming smaller and significant changes in urbanization and family demographics. These factors increase the demand for functional, prepackaged, and convenient food products. Plastic packaging production in North America had a volume of 22.4 million tons in 2022, which was 16.6% globally. The demand for engineering plastics in the region is increasing due to the increasing consumer demand for packaged food and beverages.
- The electrical and electronics sector is the second largest in the region and especially in the United States. The sector accounted for 1.6% of the GDP. It generated a revenue of USD 576.1 billion in 2022 in the region, thus increasing the demand for electrical and electronics and empowering the onset of electric vehicles, autonomous robots, and top-secret defense technologies, thereby boosting the demand for engineering plastics.
- The electrical and electronics industry is the fastest-growing in the region by revenue, with an expected CAGR of 8.54% during the forecast period (2023-2029), due to increasing applications of engineering plastics for the need of plastic composites in various electrical and electronics applications.
| 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 | Canada | ||
| Mexico | |||
| United States |
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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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