The global engineering plastics market is valued at approximately USD 129.11 billion in 2024, driven by strong demand from automotive, electrical & electronics, construction, packaging, and medical device sectors. Asia-Pacific led the market in 2024, accounting for 45% of the global share, supported by regional production clusters and growing demand for cost-efficient resins such as ABS, polycarbonate, and nylon. North America and Western Europe maintain premium pricing due to stringent regulatory compliance, including REACH and FDA approvals, while Latin America favors affordable materials. The transition toward electric vehicles, renewable energy infrastructure, and miniaturized electronics is further propelling demand, making the engineering plastics market a key contributor to global industrial growth.
Engineering Plastics overview
Published by MMR Statistics Research Team, Updated