Special Engineering Plastics Market Size, Share & Industry Analysis, By Type (Aromatic Polyester (ARPES), Polyetheretherketone (PEEK), Polyethernitrile (PEN), Polyetherimied (PEI), Polyethersulfone (PES), Polyamideimide (PAI), Fluoropolymers (PTFE & Other FPs), Others), By Application (Automotive & Transportation, Electrical & Electronics, Packaging, Building & Construction, Consumer Goods, Industrial Applications, Health Care, Others ) And Regional Forecast, 2024-2032

Special engineering plastics are also called super engineering plastics. These plastics function under rigorous electronic, mechanical, and chemical conditions, thereby makes them superior when compared with normal plastics. Special engineering plastics are categorized into aromatic polyester, polyetheretherketone, polyethernitrile, polyetherimied, polyethersulfone, polyamideimide, fluoropolymers, and polyimide. Furthermore, these plastics possess heat resistance, strong resistance to chemical corrosion, and electrical properties. Also under extreme temperature, they have low mold shrinkage, intrinsic fireproofing, and low water absorption. These benefits make them an ideal choice and surge their demand in automotive & transportation, electrical & electronics, packaging, and building & construction.

The increasing demand for special engineering plastics from the automotive industry will flourish the market growth. The properties such as excellent dimensional accuracy and stability, high tensile strength, and chemical resistance make special engineering plastic an ideal choice in the automotive industry. It is highly used as a fuel and ignition system components, vaporizer; water tank, temperature sensor, auto lamp, water room, lamp reflector, seat, and brake valve. The increasing research and development activities coupled with rising demand for electric vehicles will boost the automotive industry. Thereby contribute to fuelling the special engineering plastic market growth during the forecast timeline.     

However, high product demand causes unavailability sometimes. This restricts the utilization of special engineering plastics and raises the demand for normal plastics. Hence, this is anticipated to restrain market growth.     

Key Market Driver -

The rising demand for special engineering plastic in the automotive industry to drive the market growth.

Key Market Restraint -

Unavailability of product to restrict the market growth

Market Segmentation:

Based on type, the special engineering plastics market is segmented into aromatic polyester (ARPES), polyetheretherketone (PEEK), polyethernitrile (PEN), polyetherimied (PEI), polyethersulfone (PES), polyamideimide (PAI), fluoropolymers (PTFE & Other FPs), polyimide (PI), and others. Based on application, the market is segmented into automotive & transportation, electrical & electronics, packaging, building & construction, consumer goods, industrial applications, and health care, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.  

Key Players Covered:

The key players in the special engineering plastics market include SINOPLAST GROUP LIMITED, Arkema, Asahi Kasei Corporation, Centroplast Engineering Plastics GmbH, Cytec Solvay Group, DSM Engineering Plastics, E. I. du Pont de Nemours and Company, ELANTAS GmbH, Ensinger, NTN Corporation, PolyPLASTY sro, Quadrant AG, RTP Company, SABIC, TOYOBO CO., LTD., and Victrex plc.

Key Insights

• Key Emerging Trends – For Major Countries


• Key Developments: Mergers, Acquisition, Partnership, etc.


• Latest Technological Advancement


• Insights on Regulatory Scenarios


• Porters Five Forces Analysis

Regional Analysis:

The Asia Pacific is anticipated to witness sustainable growth in the special engineering plastic market. The growth is attributed to the rising adoption of the product in packaging and healthcare applications. Further, the rapid industrialization in countries like China and India will aid to flourish the market growth in this region. Additionally, the increasing demand for aromatic polyester and polyetheretherketone in the automotive and electronic industries will propel the market growth in Europe. In North America, the growth is due to increasing product demand from packaging and consumer goods applications. The Middle East & Africa is anticipated to witness significant growth, owing to rising product adoption in the industrial application.

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Segmentation

Special Engineering Plastics Developments

• In January 2020, BASF introduced Polyethersulfone Ultrason® E0510 C2TR for automotive parts in contact with hot oil. The new products exhibit good tribological properties, excellent dimensional stability, and high oil resistance. This new launch will enable the manufacture of various car parts that come into contact with oil.


• In November 2019, DSM launched Arnitel® and Stanyl®, the engineering plastics with 25% bio-based/recycled material. This launch will aid the company to expand its producte line.