United States Engineering Plastics Market Size

The United States engineering plastics market is projected to experience significant growth, driven by its extensive applications across various industries such as packaging, electrical and electronics, and automotive. The packaging sector, particularly influenced by the food and beverages industry, holds the largest share of the market, with increasing demand for plastic packaging solutions. The electrical and electronics industry is also a key contributor to market expansion, fueled by the rising use of consumer electronics. Additionally, the automotive sector is expected to grow due to the demand for electric vehicles and favorable trade policies.

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Market Size of united states engineering plastics Industry

United States Engineering Plastics Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 14.96 Billion
svg icon Market Size (2029) USD 20.47 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2029) 6.48 %
svg icon Fastest Growing by End User Industry Electrical and Electronics

Major Players

United States Engineering Plastics Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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United States Engineering Plastics Market Analysis

The United States Engineering Plastics Market size is estimated at 14.96 billion USD in 2024, and is expected to reach 20.47 billion USD by 2029, growing at a CAGR of 6.48% during the forecast period (2024-2029).

14.96 Billion

Market Size in 2024 (USD)

20.47 Billion

Market Size in 2029 (USD)

4.01 %

CAGR (2017-2023)

6.48 %

CAGR (2024-2029)

Largest Market by End-user Industry

34.40 %

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

8.25 %

Projected CAGR, Electrical and Electronics, 2024-2029

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The electronics segment is expected to witness the fastest growth due to the superior properties of engineering plastics, such as lightweight, good impact resistance, higher flexibility, and fire resistivity.

Largest Market by Resin Type

32.44 %

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 country.

Fastest Growing Market by Resin Type

8.83 %

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 during the forecast period.

Leading Market Player

23.52 %

market share, Alfa S.A.B. de C.V., 2022

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In 2022, with the largest production capacity of around 1.5 million tons per year of PET resin in the United States, the company held the largest market share. The company offers various grades, mainly for packaging applications.

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

  • Engineering plastics have applications ranging from interior wall panels and doors in aerospace to rigid and flexible packaging. Engineering plastics are popular in many industries due to their lightweight and high quality in terms of strength, low fatigue, and low flammability. The US engineering plastics market is led by industries such as packaging, electrical and electronics, and automotive.
  • In the United States, the packaging industry holds the largest market revenue share, which is expected to grow by 5.93% over the forecast period. The demand for plastic packaging is increasing mainly from the food and beverages industry. Moreover, increasing demand for ready-to-eat meals, online food purchasing, etc., has triggered the packaging industry in the country. United States plastic packaging production had a volume of 178 thousand tons in 2022. The demand for engineering plastics in the packaging industry increased at a rate of 7.71% by value in 2022 compared to 2021.
  • The electrical and electronics industry in the United States is the second most promising market for engineering plastics, with an expected CAGR of 8.41% by value during the forecast period (2023-2029). This is due to the wider use of consumer electronics products such as smart home devices, wearable health monitors, and entertainment devices to facilitate remote interaction, entertainment, and productivity.
  • The rise in demand for electric vehicles and positive changes in trade policies are expected to be the biggest driving factors in the growth of the market for US automotive engineering plastics. The demand for engineering plastic from the automotive industry is expected to record a CAGR of 5.31% by value during the forecast period.
United States Engineering Plastics Market

United States 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 aerospace to rigid and flexible packaging. Engineering plastics are popular in many industries due to their lightweight and high quality in terms of strength, low fatigue, and low flammability. The US engineering plastics market is led by industries such as packaging, electrical and electronics, and automotive.
  • In the United States, the packaging industry holds the largest market revenue share, which is expected to grow by 5.93% over the forecast period. The demand for plastic packaging is increasing mainly from the food and beverages industry. Moreover, increasing demand for ready-to-eat meals, online food purchasing, etc., has triggered the packaging industry in the country. United States plastic packaging production had a volume of 178 thousand tons in 2022. The demand for engineering plastics in the packaging industry increased at a rate of 7.71% by value in 2022 compared to 2021.
  • The electrical and electronics industry in the United States is the second most promising market for engineering plastics, with an expected CAGR of 8.41% by value during the forecast period (2023-2029). This is due to the wider use of consumer electronics products such as smart home devices, wearable health monitors, and entertainment devices to facilitate remote interaction, entertainment, and productivity.
  • The rise in demand for electric vehicles and positive changes in trade policies are expected to be the biggest driving factors in the growth of the market for US automotive engineering plastics. The demand for engineering plastic from the automotive industry is expected to record a CAGR of 5.31% by value during the forecast period.
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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United States Engineering Plastics Market Size Summary

The United States engineering plastics market is poised for significant growth, driven by its diverse applications across various industries such as packaging, electrical and electronics, and automotive. Engineering plastics are favored for their lightweight, high strength, low fatigue, and low flammability properties, making them ideal for use in aerospace interior components and packaging solutions. The packaging industry, in particular, holds the largest market share, with increasing demand from the food and beverages sector due to trends like ready-to-eat meals and online food purchasing. The electrical and electronics sector is also a key contributor, with the rise of consumer electronics like smart home devices and wearable health monitors boosting the demand for engineering plastics. Additionally, the automotive industry is experiencing growth in engineering plastics usage, driven by the demand for electric vehicles and favorable trade policies.

The market landscape is fairly consolidated, with major players such as Alfa S.A.B. de C.V., Ascend Performance Materials, Indorama Ventures Public Company Limited, Koch Industries, Inc., and SABIC dominating the scene. Recent strategic moves, such as Covestro AG's introduction of Makrolon 3638 polycarbonate for healthcare applications and Solvay and Orbia's partnership for PVDF production, highlight ongoing innovations and expansions within the industry. The acquisition of DuPont's Mobility & Materials business by Celanese Corporation further underscores the dynamic nature of the market, enhancing the product portfolio of engineered thermoplastics. As technological advancements continue to drive demand, the United States engineering plastics market is expected to experience robust growth over the forecast period.

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United States 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)

United States Engineering Plastics Market Size FAQs

The United States Engineering Plastics Market size is expected to reach USD 14.96 billion in 2024 and grow at a CAGR of 6.48% to reach USD 20.47 billion by 2029.

In 2024, the United States Engineering Plastics Market size is expected to reach USD 14.96 billion.

United States Engineering Plastics Market Report Snapshots

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