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Market value of engineering plastics worldwide in 2018 and 2023 (in billion U.S. dollars)

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Source

Release date

September 2018

Region

Worldwide

Survey time period

2018

Supplementary notes

* Estimated figure as of September 2018.
** Forecast based on a compound annual growth rate (CAGR) of 7.2 percent during the forecast period.

Citation formats

Global market value of engineering plastics 2018 & 2023

Published by
Doris Dokua Sasu,
Jul 24, 2020
The global market value of engineering plastics amounted to nearly ** billion U.S. dollars in 2018. With a compound annual growth rate of *** percent, this market is expected to increase to billion U.S. dollars by 2023.

Engineering plastics refers to a group of plastic that have better thermal and/or mechanical properties than commodity plastics. The market growth that is expected for engineering plastics is largely due to increasing demand from the automotive and transportation sector, for applications such as connected vehicles and vehicle lightweighting, among others.
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