Description
Engineering plastics are primarily the good quality plastics which are commonly used to improve the thermal and mechanical attributes of the plastic to fulfill the higher needs. They possess various beneficial properties such as the higher impact strength, high abrasion, besides the wear and fatigue resistance. These plastics have taken place of old engineering materials such as wood, metals. The engineering plastics offer a lightweight and cost-effective alternative to traditional materials such as metals and ceramics. The drive to replace these materials with engineering plastics in various applications, such as automotive and aerospace, contributes to engineering plastics market growth. On the other hand, the factors which are hampering the market growth are increased cost of engineering plastics compared to old materials and absence of standardized testing procedures. The Engineering Plastics Market is projected to grow at a rate of 6% CAGR by 2028.
The Global Engineering Plastics Market has been analyzed based on Types:
•    Polycarbonate
•    Acrylonitrile Butadiene Styrene
•    Polyamides
•    Thermoplastic Polyesters
•    Others
The Global Engineering Plastics Market has been analyzed based on Applications:
•    Automotive & Transport
•    Electrical & Electronics
•    Consumer Appliances
•    Construction
•    Others
The Global Engineering Plastics Market has been analyzed based on Geography:
•    North America
•    Europe
•    Asia Pacific
•    Rest of the World
As per the type, the polyamide will account for the highest revenue share in the market for engineering plastics. Polyamide is a material which is often used in a broad range of products, such as industrial gear, consumer items, and electrical and electronic devices. It is a demanded option for the production of high-performance components in various industries owing to its high tensile strength, excellent abrasion resistance, and capacity to resist high temperatures. Further, polyamide has higher dimensional stability, minimum moisture absorption, and great chemical resistance, all of which support its growing market demand. In the estimated period, the demand for polyamide in the automotive sector is projected to rise as a result of increasing consumer desire for lightweight, fuel-efficient automobiles and increasing use of electric vehicles.
Further, based on application, the electrical and electronics segment is expected to witness the major revenue growth over the projected time span, due to the rising use of engineering plastics in the manufacturing of electronic components and gadgets. Engineering plastics are suitable for use in electronic applications because of their high-performance qualities, which are resistance to high temperatures, impact and flame retardancy. Owing to the increasing need for engineering plastics in the construction of modern buildings and infrastructure, the construction industry is also likely to have major revenue growth over the projected period. Moreover, because of high durability, low weight, and impact resistance qualities, engineering plastics are being deployed more and more in the construction sector.
In terms of geography, the Asia Pacific region is estimated to dominate the engineering plastics market. Engineering plastics are becoming high in demand across a wide range of end-use industries, such as electrical and electronics, automotive, and consumer goods, which is fueling the region's growth. 
In addition, the shift towards electric vehicles (EVs) has increased the demand for engineering plastics, as they contribute to reducing vehicle weight, which is crucial for optimizing battery range and performance. Further, the trend of lightweight in the automotive industry is further fueling the global market growth.
The following companies are leading the market- BASF SE, Celanese Corporation, Covestro AG, DuPont de Nemours, Inc., Evonik Industries AG, Lanxess AG, Mitsubishi Chemical Corporation, Saudi Arabia's Basic Industries Corporation, Solvay S.A. and Teijin Limited.
Therefore, the engineering plastics market plays a vital role in modern manufacturing and engineering applications, offering high-performance materials that enable innovation, efficiency, and reliability across multiple industries. As industries continue to seek advanced materials to replace traditional materials and address specific challenges, the engineering plastics market is expected to experience sustained growth and further advancements. 
•    The engineering plastics market report includes the proximate estimations of the whole and segment-based market sizes among type, core, end users and geography.
•    The report also consists of the pulse of the market and mentions the information on major propellants, restraints, challenges and opportunities impacting the engineering plastics market growth.
•    This report gives the competitive outlook which consists of competitive analysis of leading players, coupled with the strategies such as product introduction and developments, collaborations, acquisitions, partnerships and diversifications adopted by key engineering plastics market vendors.