Top 50 Companies in the Engineering Plastics Market: Statistics Report Till 2035
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Engineering Plastics Market Size is projected to Grow from USD 155.43 Billion in 2024 to USD 332.21 Billion by 2035, at a CAGR of 7.15% during the forecast period 2025–2035. Demand for anti-reflective coatings and engineering plastics in displays is rising as a result of consumers' growing preference for premium, glare-free screens. This combination enhances visibility and provides the best viewing experiences by lowering reflections.
Introduction
Transparent conducting films (TCFs) are thin layers of an optically transparent and electrically conductive substance. These films provide remarkable transparency together with outstanding heat and chemical resistance. Over wide surface regions, they attain great electrical conductivity and good optical transparency. These films are widely utilized in flexible, bendable, and wearable displays worldwide because of their affordability, adaptability, and compatibility with a variety of metals to satisfy specific applications. The rising demand for touchscreen displays and the expanding popularity of smart electronics are anticipated to propel the market's expansion. The increasing advancements in nanotechnology and flexible and bendable electronic gadgets are responsible for the rise in product demand. Moreover, touch user interfaces (UIs) are becoming more popular since they do away with the need for external devices like a keyboard and mouse, provide quick and easy menu option selection, and offer excellent durability and dependability. Furthermore, the solar energy industry's growth is creating an increasing opportunity for market share.
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Engineering Plastics Market Size & Statistics
- The Market Size for Engineering Plastics Was Estimated to be worth USD 155.43 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 7.15% between 2025 and 2035.
- The Global Engineering Plastics Market Size is anticipated to reach USD 332.21 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Engineering Plastics Market
- Asia Pacific is expected to grow the fastest during the forecast period in the Engineering Plastics Market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the engineering plastics market. The region is expected to maintain its dominance for the duration of the prediction. Asia Pacific countries are rapidly industrializing, which has raised demand for engineering plastics across a range of industries, including construction, electronics, automotive, and packaging. In the plastics business, Asia Pacific has led the way in technological developments, including the creation of novel engineered plastic materials and production techniques.
North America is expected to generate the highest demand during the forecast period in the engineering plastics market. The engineering plastics market in North America is driven by the growing demand for touchscreens and display technologies in consumer electronics such as smartphones, tablets, and laptops. Increasing adoption of flexible and wearable devices fuels the need for advanced TCFs that offer high transparency and conductivity. Additionally, the rise in smart windows and solar panels as part of energy-efficient building solutions contributes to market growth. Government incentives and investments in renewable energy and smart infrastructure further support the expansion of TCF applications. Technological advancements in film materials, including alternatives to traditional indium tin oxide (ITO), enhance product performance and reduce costs, boosting industry adoption in North America.
Top 5 trends in the Engineering Plastics Market
- Growing demand in consumer electronics
- Shift towards flexible and wearable devices
- Adoption in smart windows and building automation
- Development of alternative materials to ITO
- Increasing use in solar panels and renewable energy
1. Growing demand in consumer electronics
The rise in touchscreen-enabled devices such as smartphones, tablets, and laptops drives demand for engineering plastics. This trend increases the need for films that offer high transparency, conductivity, and durability to enhance user interaction and display performance.
2. Shift towards flexible and wearable devices
Flexible and wearable electronics require bendable, lightweight, and thin conductive films. This trend pushes innovation in material science to produce films that maintain conductivity and clarity even under mechanical stress, expanding the application scope of TCFs.
3. Adoption in smart windows and building automation
Engineering plastics are increasingly used in smart windows for energy efficiency and light control in buildings. This enhances the market by integrating TCFs in architectural glass and building automation systems promoting sustainability and comfort.
4. Development of alternative materials to ITO
The industry is moving towards materials like silver nanowires, graphene, and conductive polymers as alternatives to indium tin oxide (ITO), which is costly and brittle. These new materials offer better flexibility and lower costs, encouraging broader industry adoption.
5. Increasing use in solar panels and renewable energy
Engineering plastics play a crucial role in photovoltaic cells for solar panels, enabling light transmission while conducting electricity. Growing investments in renewable energy worldwide fuel market expansion as the demand for efficient solar materials increases.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the engineering plastics market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 25 Companies Leading the Engineering Plastics Market
- BASF SE
- Covestro AG
- SABIC
- DuPont de Nemours, Inc.
- Solvay S.A.
- Celanese Corporation
- Evonik Industries AG
- LANXESS AG
- DSM Engineering Plastics
- Mitsubishi Chemical Holdings
- Dow Inc.
- Asahi Kasei Corporation
- Toray Industries, Inc.
- Eastman Chemical Company
- LG Chem Ltd.
- Polyplastics Co., Ltd.
- Teijin Limited
- Sumitomo Chemical Co., Ltd.
- Hitachi Chemical Co., Ltd.
- Ensinger GmbH
- Sinopec
- Formosa Plastics Corporation
- Kureha Corporation
- Radici Group
- Plastics Engineering Company (Plenco)
1. BASF SE – Headquarters: Ludwigshafen, Germany
BASF SE is a global leader in engineering plastics, renowned for its robust Ultramid (PA), Ultradur (PBT), Ultraform (POM), and Ultrason (PSU/PES) brands. BASF’s engineering plastics serve industries such as automotive, electronics, and consumer goods, combining lightweight design and durability with excellent chemical resistance and heat stability. The company is committed to sustainability across the plastics lifecycle, with efforts in recycling and bio-based solutions to meet modern eco-friendly standards. BASF collaborates with customers to co-create innovative materials, supporting energy efficiency, robust performance, and circular economy approaches. Its strong global supply chain and investment in R&D have cemented BASF’s role as a pioneer in advanced plastic technology and application engineering.
2. Covestro AG – Headquarters: Leverkusen, Germany
Covestro AG is a top producer of engineering plastics, specializing in polyurethane and polycarbonate raw materials for the automotive, electronics, and construction industries. Its signature Makrolon polycarbonate and versatile polyurethane products offer lightweight, impact-resistant solutions that cater to modern innovation and design trends. Covestro fosters industry transformation towards circularity and climate neutrality through sustainable chemistry, digitalization, and advanced materials innovation. The company’s commitment to customer-centric product development supports its progress in high-performance coatings, adhesives, and thermoplastic polymers. Covestro’s acquisition by ADNOC further expands its market presence, leveraging technological expertise to meet complex engineering plastics needs worldwide.
3. SABIC – Headquarters: Riyadh, Saudi Arabia
SABIC is an industry-defining multinational specializing in engineering plastics and high-performance compounds, serving automotive, electrical, packaging, and construction sectors globally. With a robust portfolio including polycarbonate, polybutylene terephthalate, and polyether imide, SABIC enables the development of lightweight, strong, and innovative components for demanding engineering applications. Its focus on sustainability and R&D has led to a network of global technology centers and over 11,000 patents, driving advances in plastic recycling, resource efficiency, and new material formulations. SABIC’s leadership in differentiated, bio-based plastics positions the company as a trusted supplier for customers aiming to meet modern design and regulatory challenges in engineering plastics markets.
4. DuPont de Nemours, Inc. – Headquarters: Wilmington, Delaware, USA
DuPont is a leading innovator in advanced engineering plastics, known for brands like Zytel (nylon), Crastin (PBT), and Rynite (PET), essential in automotive, medical, and electronics applications. With a strategic focus on mobility, electrical, and 5G connectivity, DuPont’s engineered materials deliver strength, durability, and chemical resistance for complex designs and miniaturized components. The company’s global R&D and market reach drive performance solutions tailored to industry trends such as lightweighting and sustainability. DuPont’s alliances, acquisitions, and sustainability initiatives, including polymer recycling and renewables, underscore its commitment to driving innovation within the engineering plastics sector.
5. Solvay S.A. – Headquarters: Brussels, Belgium
Solvay S.A. is a global leader in advanced engineering plastics and specialty chemicals, delivering high-performance materials for aerospace, automotive, energy, and electronics markets. The company’s innovative plastic solutions, including specialty polymers and composites, enable efficient, clean mobility, resource efficiency, and robust product development. Solvay continually advances new material technology, collaborating with stakeholders to address evolving industrial needs, such as battery systems, light-weighting, and clean energy. Sustainability is a key driver, with Solvay investing in circular economy initiatives and environmentally-friendly production methods, making it a pivotal supplier for ambitious engineering plastics projects that require precision and durability.
Are you ready to discover more about the engineering plastics market?
The report provides an in-depth analysis of the leading companies operating in the global engineering plastics market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- BASF SE
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Covestro AG
- SABIC
- DuPont de Nemours, Inc.
- Solvay S.A.
- Celanese Corporation
- Evonik Industries AG
- LANXESS AG
- DSM Engineering Plastics
- Others
Conclusion
The Engineering Plastics Market Size is experiencing rapid global growth, driven by rising demand for lightweight, durable materials across automotive, electronics, construction, and healthcare industries. Advancements in material properties, such as enhanced strength and thermal stability, enable these plastics to replace metals and traditional polymers in high-performance applications. Sustainability is a major focus, with companies investing in recyclable, bio-based plastics and circular economy initiatives. Increased adoption of smart technologies and miniaturization in electronics further expands market opportunities.
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