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Africa Engineering Plastics Market Size

The Africa Engineering Plastics Market is projected to experience significant growth, driven by increased demand in the packaging, electrical, and electronics sectors. The market's expansion is further supported by the rising production in the automotive, aerospace, and industrial machinery industries, particularly in countries like South Africa and Nigeria. These developments are expected to enhance the market's overall capacity and revenue, reflecting a robust growth trajectory in the coming years.

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Market Size of africa engineering plastics Industry

Africa Engineering Plastics Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.59 Billion
svg icon Market Size (2029) USD 2.31 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2029) 7.77 %
svg icon Largest Share by Country South Africa
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Africa Engineering Plastics Market Analysis

The Africa Engineering Plastics Market size is estimated at 1.59 billion USD in 2024, and is expected to reach 2.31 billion USD by 2029, growing at a CAGR of 7.77% during the forecast period (2024-2029).

1.59 Billion

Market Size in 2024 (USD)

2.31 Billion

Market Size in 2029 (USD)

4.35 %

CAGR (2017-2023)

7.77 %

CAGR (2024-2029)

Largest Market by End-user Industry

37.76 %

value share, Packaging, 2023

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Due to the wide range of applications, including bottles, jars, and containers, specifically in the food and beverage industry, the packaging segment occupied the major share.

Fastest Growing Market by End-user Industry

12.10 %

Projected CAGR, Electrical and Electronics, 2024-2029

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The electronics industry is expected to witness the fastest growth due to the rapid adoption of lightweight and high-impact resistant engineering plastics to replace traditional metal parts.

Largest Market by Resin Type

36.43 %

value share, Polyethylene Terephthalate (PET), 2023

With widespread applications in the packaging industry and the rising demand for PET sheets and films, PET resin occupies the largest market share.

Largest Market by Country

30.12 %

value share, South Africa, 2023

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Due to significant economic growth and escalating demand for engineering plastics in major industries, including packaging, automotive, and construction, South Africa has occupied the highest market share over the past few years.

Leading Market Player

76.19 %

market share, Safripol division of KAP Diversified Industrial (Pty) Ltd, 2022

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In 2022, the company held the largest market share, with the largest production capacity of around 240 kilotons per year of PET resin in the African region. The company offers various grades, mainly for packaging applications.

Packaging industry to dominate the market in the coming years

  • In 2022, the African engineering plastics market had a global share of 1.32% by revenue. One of the primary drivers of the increase in resin consumption is their increased use in the packaging, electrical, and electronics industries. The packaging and electrical and electronics industries accounted for around 37.5% of the revenue and 12.18% of the revenue of the overall engineering plastics market, respectively, in 2022.
  • Africa's plastic packaging production had a volume of 3.13 million tons in 2022, a 2.85% growth compared to the previous year. This plastic packaging industry has developed in the region largely as a response to growth in the farming and food industries. The food industry is increasingly interested in the marketing aspect of packaging for their finished products. The need to improve the product's shelf-life and increase convenience lifestyle is expected to drive the market during the forecast period, registering a CAGR of 4.95% in terms of volume.
  • The electrical and electronics industry is the second largest in the region. The region's revenue from electrical and electronics production was USD 32 billion in 2022, with increasing demand for electrical and electronics in Africa and major South Korean electrical and electronics brands investing in setting up their manufacturing facilities, like LG's new investment in setting up washing machine assembly plant in Sudan. As a result, the engineering plastics market in the region is expected to record a CAGR of 7.41%, by revenue, from 2023 to 2029.
  • The automotive industry is projected to be the fastest-growing industry in the market, with a CAGR of 8.93%, by value, during the forecast period (2023-2029). This can be attributed to the growing automotive production in Morocco and South Africa.
Africa Engineering Plastics Market

South Africa to remain the largest market in the region

  • Engineering plastics are used in African countries such as Nigeria and South Africa for various industries, including automotive, aerospace, and industrial machinery. In 2022, South Africa and Nigeria accounted for 30.15% and 10.69% of the values of various engineering plastic resins, respectively, in the region.
  • South Africa is the largest consumer of engineering plastics in the region, owing to its rising aerospace, automotive, and industrial machinery industries. Aircraft components and vehicle production held a share of around 68.7% by revenue and 44.3% by volume compared at the regional level, respectively, in 2022. These industries are driving the increasing demand for various resins. The rising automotive, industrial, and machinery production due to increased climate-conscious policies is expected to drive the demand for resins in South Africa.
  • The demand for various resins in Nigeria is increasing significantly due to rising vehicle production and growth in the industrial and machinery industry, among other factors. Nigeria is Africa's largest vehicle producer. In 2022, the country produced 394,449 units, translating to a 33% share of vehicle production in Africa. The production of vehicles in the country is expanding, especially of two-wheelers. The production of vehicles is expected to reach 584,350 units by 2029, recording a CAGR of 6.77%. These factors are expected to drive the demand for engineering plastics in the country.
  • South Africa is expected to be the fastest-growing country in Africa for the consumption of engineering plastics, with a CAGR of 6.45%, by revenue, from 2023 to 2029, owing to increased vehicle production and growth in aerospace and other industries. For example, aerospace component production in the country is expected to record a CAGR of 5.48%, by revenue, during the forecast period, and it is expected to drive the South African engineering plastics market.

Africa Engineering Plastics Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Fluoropolymer, Liquid Crystal Polymer (LCP), Polyamide (PA), Polybutylene Terephthalate (PBT), Polycarbonate (PC), Polyether Ether Ketone (PEEK), Polyethylene Terephthalate (PET), Polyimide (PI), Polymethyl Methacrylate (PMMA), Polyoxymethylene (POM), Styrene Copolymers (ABS and SAN) are covered as segments by Resin Type. Nigeria, South Africa are covered as segments by Country.

  • In 2022, the African engineering plastics market had a global share of 1.32% by revenue. One of the primary drivers of the increase in resin consumption is their increased use in the packaging, electrical, and electronics industries. The packaging and electrical and electronics industries accounted for around 37.5% of the revenue and 12.18% of the revenue of the overall engineering plastics market, respectively, in 2022.
  • Africa's plastic packaging production had a volume of 3.13 million tons in 2022, a 2.85% growth compared to the previous year. This plastic packaging industry has developed in the region largely as a response to growth in the farming and food industries. The food industry is increasingly interested in the marketing aspect of packaging for their finished products. The need to improve the product's shelf-life and increase convenience lifestyle is expected to drive the market during the forecast period, registering a CAGR of 4.95% in terms of volume.
  • The electrical and electronics industry is the second largest in the region. The region's revenue from electrical and electronics production was USD 32 billion in 2022, with increasing demand for electrical and electronics in Africa and major South Korean electrical and electronics brands investing in setting up their manufacturing facilities, like LG's new investment in setting up washing machine assembly plant in Sudan. As a result, the engineering plastics market in the region is expected to record a CAGR of 7.41%, by revenue, from 2023 to 2029.
  • The automotive industry is projected to be the fastest-growing industry in the market, with a CAGR of 8.93%, by value, during the forecast period (2023-2029). This can be attributed to the growing automotive production in Morocco and South Africa.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Resin Type
Fluoropolymer
By Sub Resin Type
Ethylenetetrafluoroethylene (ETFE)
Fluorinated Ethylene-propylene (FEP)
Polytetrafluoroethylene (PTFE)
Polyvinylfluoride (PVF)
Polyvinylidene Fluoride (PVDF)
Other Sub Resin Types
Liquid Crystal Polymer (LCP)
Polyamide (PA)
By Sub Resin Type
Aramid
Polyamide (PA) 6
Polyamide (PA) 66
Polyphthalamide
Polybutylene Terephthalate (PBT)
Polycarbonate (PC)
Polyether Ether Ketone (PEEK)
Polyethylene Terephthalate (PET)
Polyimide (PI)
Polymethyl Methacrylate (PMMA)
Polyoxymethylene (POM)
Styrene Copolymers (ABS and SAN)
Country
Nigeria
South Africa
Rest of Africa
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Africa Engineering Plastics Market Size Summary

The Africa Engineering Plastics Market is poised for significant growth, driven by increasing demand across various sectors such as packaging, electrical, electronics, and automotive industries. The market's expansion is largely attributed to the rising consumption of engineering plastics in these sectors, with packaging and electrical and electronics industries contributing substantially to the market's revenue. The region's plastic packaging industry has seen growth, spurred by the burgeoning farming and food sectors, which are keen on enhancing product shelf-life and convenience. The electrical and electronics industry is also experiencing a surge, with major South Korean brands investing in local manufacturing facilities, further bolstering the demand for engineering plastics. The automotive sector is projected to be the fastest-growing industry, fueled by increased vehicle production in countries like Morocco and South Africa.

South Africa and Nigeria are key players in the African engineering plastics market, with South Africa leading in consumption due to its robust aerospace, automotive, and industrial machinery industries. The country's manufacturing capabilities and strategic logistics network make it an attractive hub for electronics companies. Meanwhile, Nigeria's growing vehicle production and industrial sector are driving demand for engineering plastics. The market is fairly consolidated, with major companies like Indorama Ventures, INEOS, Reliance Industries, SABIC, and Safripol dominating the landscape. Recent innovations and product extensions by these companies highlight the ongoing advancements in engineering plastics, catering to diverse applications across industries. The government's focus on promoting domestic manufacturing and developing safety standards is expected to further support the market's growth trajectory in the coming years.

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Africa Engineering Plastics Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Resin Type

      1. 1.2.1 Fluoropolymer

        1. 1.2.1.1 By Sub Resin Type

          1. 1.2.1.1.1 Ethylenetetrafluoroethylene (ETFE)

          2. 1.2.1.1.2 Fluorinated Ethylene-propylene (FEP)

          3. 1.2.1.1.3 Polytetrafluoroethylene (PTFE)

          4. 1.2.1.1.4 Polyvinylfluoride (PVF)

          5. 1.2.1.1.5 Polyvinylidene Fluoride (PVDF)

          6. 1.2.1.1.6 Other Sub Resin Types

      2. 1.2.2 Liquid Crystal Polymer (LCP)

      3. 1.2.3 Polyamide (PA)

        1. 1.2.3.1 By Sub Resin Type

          1. 1.2.3.1.1 Aramid

          2. 1.2.3.1.2 Polyamide (PA) 6

          3. 1.2.3.1.3 Polyamide (PA) 66

          4. 1.2.3.1.4 Polyphthalamide

      4. 1.2.4 Polybutylene Terephthalate (PBT)

      5. 1.2.5 Polycarbonate (PC)

      6. 1.2.6 Polyether Ether Ketone (PEEK)

      7. 1.2.7 Polyethylene Terephthalate (PET)

      8. 1.2.8 Polyimide (PI)

      9. 1.2.9 Polymethyl Methacrylate (PMMA)

      10. 1.2.10 Polyoxymethylene (POM)

      11. 1.2.11 Styrene Copolymers (ABS and SAN)

    3. 1.3 Country

      1. 1.3.1 Nigeria

      2. 1.3.2 South Africa

      3. 1.3.3 Rest of Africa

Africa Engineering Plastics Market Size FAQs

The Africa Engineering Plastics Market size is expected to reach USD 1.59 billion in 2024 and grow at a CAGR of 7.77% to reach USD 2.31 billion by 2029.

In 2024, the Africa Engineering Plastics Market size is expected to reach USD 1.59 billion.

Africa Engineering Plastics Market Report Snapshots

Africa Engineering Plastics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029