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Europe Engineering Plastics Market Size

The Europe Engineering Plastics Market is poised for growth, driven by its extensive applications and superior mechanical and thermal properties compared to commodity plastics. The market's expansion is largely attributed to the packaging and automotive sectors, with the aerospace segment emerging as a significant growth area due to the demand for lighter, fuel-efficient aircraft. Germany and Italy are key consumers, supported by their robust packaging, construction, and electrical industries, while the United Kingdom's aerospace industry is a major growth driver. Despite challenges such as supply chain disruptions, the market has shown resilience and is expected to continue its upward trajectory.

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Market Size of europe engineering plastics Industry

Europe Engineering Plastics Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 23.90 Billion
svg icon Market Size (2029) USD 31.69 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2029) 5.80 %
svg icon Largest Share by Country Germany
svg icon Market Concentration Low

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

Key Players

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Europe Engineering Plastics Market Analysis

The Europe Engineering Plastics Market size is estimated at 23.90 billion USD in 2024, and is expected to reach 31.69 billion USD by 2029, growing at a CAGR of 5.80% during the forecast period (2024-2029).

23.90 Billion

Market Size in 2024 (USD)

31.69 Billion

Market Size in 2029 (USD)

3.40 %

CAGR (2017-2023)

5.80 %

CAGR (2024-2029)

Largest Market by End-user Industry

24.48 %

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

7.49 %

Projected CAGR, Aerospace, 2024-2029

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The aerospace 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

22.48 %

value share, Polyethylene Terephthalate (PET), 2023

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

Largest Market by Country

19.97 %

value share, Germany, 2023

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Owing to the high demand for engineering plastics in major industries, including automotive, industrial machinery, and packaging, Germany captured the largest market share across the region.

Leading Market Player

17.31 %

market share, Indorama Ventures Public Company Limited, 2022

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In 2022, with the largest production capacity of around 1.8 million tons per year of PET resin in the European region, the company held the largest market share. Indorama offers various grades for bottles, sheets, and films.

Packaging to dominate the market during the forecast period

  • Engineering plastics have endless applications today and tend to have better mechanical and thermal properties than common or commodity plastics. The European engineering plastics consumption volume witnessed a growth of 5.1% from 2017 to 2019 due to increasing demand from the packaging and electrical and electronics segments.
  • The packaging segment consumes most of the engineering plastics in the region due to the large-scale production of plastic bottles used in packaging beverages, drinking water, personal care, household care, etc. Due to disruptions in the global supply chain, all industries' combined consumption volume fell by 6.2% in the pandemic year 2020 compared to the previous year. However, the market recovered in 2021 and continued to grow steadily, increasing by 4.6% in 2022.
  • Because of the large number of vehicles produced in Europe, the automotive segment is the second largest consumer of engineering plastics after the packaging segment. Vehicle production dropped significantly in 2020 due to lockdowns, travel restrictions, and the closure of automotive factories, resulting in a 22.69% decrease in consumption volume from the previous year in the automotive segment.
  • The European aerospace segment is expected to be the fastest growing in terms of consumption value during the forecast period (2023-2029) with a CAGR of 7.78%, owing to the production of aircraft components in response to the increasing demand for lighter and more fuel-efficient aircraft.
Europe Engineering Plastics Market

Germany to dominate the market over the coming years

  • Engineering plastics play the role of an important polymer in Europe for various end-user industries, including packaging, electrical and electronics, automotive, aerospace, and industrial and machinery.
  • Germany is the largest consumer of engineering plastics in the region owing to its growing packaging, construction, electrical and electronics, and automotive industries. In 2022, the German packaging industry held a share of 18.7% by revenue compared to the entire Europe. In Germany, plastic packaging production reached 4.46 million tons in 2022 from 4.37 million tons in 2021.
  • Italy is the second-largest consumer of engineering plastics in the region. The country held a share of 12% by revenue of the overall resin market in Europe in 2022 due to its rapidly growing construction and electrical industries. The new floor area in the country reached 188.5 million sq. ft in 2022 from 167.2 million sq. ft in 2021. The rising construction industry is projected to drive the demand for engineering plastic in Italy in the future.
  • The United Kingdom is the fastest-growing country in the European engineering plastics market, which is expected to register a CAGR of 6.70% in terms of value during the forecast period (2023-2029). The aerospace industry in the United Kingdom is the second-largest in the world. In 2021, the UK civil aerospace turnover totaled approximately USD 32 billion. The government of the United Kingdom is planning to increase its R&D spending to 2.4% of GDP by 2027. The increasing production and investment in the aerospace industry are projected to drive the demand for engineering plastics in the country during the forecast period.

Europe Engineering Plastics Industry Segmentation Europe 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. France, Germany, Italy, Russia, United Kingdom are covered as segments by Country.

  • Engineering plastics have endless applications today and tend to have better mechanical and thermal properties than common or commodity plastics. The European engineering plastics consumption volume witnessed a growth of 5.1% from 2017 to 2019 due to increasing demand from the packaging and electrical and electronics segments.
  • The packaging segment consumes most of the engineering plastics in the region due to the large-scale production of plastic bottles used in packaging beverages, drinking water, personal care, household care, etc. Due to disruptions in the global supply chain, all industries' combined consumption volume fell by 6.2% in the pandemic year 2020 compared to the previous year. However, the market recovered in 2021 and continued to grow steadily, increasing by 4.6% in 2022.
  • Because of the large number of vehicles produced in Europe, the automotive segment is the second largest consumer of engineering plastics after the packaging segment. Vehicle production dropped significantly in 2020 due to lockdowns, travel restrictions, and the closure of automotive factories, resulting in a 22.69% decrease in consumption volume from the previous year in the automotive segment.
  • The European aerospace segment is expected to be the fastest growing in terms of consumption value during the forecast period (2023-2029) with a CAGR of 7.78%, owing to the production of aircraft components in response to the increasing demand for lighter and more fuel-efficient aircraft.
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
France
Germany
Italy
Russia
United Kingdom
Rest of Europe
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Europe Engineering Plastics Market Size Summary

The European engineering plastics market is poised for significant growth, driven by their superior mechanical and thermal properties compared to commodity plastics. This market is experiencing a resurgence after the disruptions caused by the pandemic, with steady growth observed in recent years. The packaging sector remains the largest consumer of engineering plastics, largely due to the extensive production of plastic bottles for various applications. The automotive industry follows as a major consumer, although it faced challenges during the pandemic with reduced vehicle production. The aerospace sector is anticipated to be the fastest-growing segment, fueled by the demand for lighter and more fuel-efficient aircraft components. Engineering plastics are integral to various industries in Europe, including packaging, electrical and electronics, automotive, aerospace, and industrial machinery.

Germany and Italy are significant consumers of engineering plastics, with Germany leading due to its robust packaging, construction, and automotive sectors. The United Kingdom is emerging as the fastest-growing market, driven by its strong aerospace industry and increased R&D investments. The electrical and electronics sector in Europe is also witnessing growth, spurred by rapid technological advancements and increased demand for consumer electronics. Despite challenges in the past, the market is expected to expand, with major players like BASF SE, Covestro AG, and SABIC playing pivotal roles. Recent innovations and investments in medical and healthcare applications further underscore the dynamic nature of the engineering plastics market in Europe.

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Europe 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 France

      2. 1.3.2 Germany

      3. 1.3.3 Italy

      4. 1.3.4 Russia

      5. 1.3.5 United Kingdom

      6. 1.3.6 Rest of Europe

Europe Engineering Plastics Market Size FAQs

The Europe Engineering Plastics Market size is expected to reach USD 23.90 billion in 2024 and grow at a CAGR of 5.80% to reach USD 31.69 billion by 2029.

In 2024, the Europe Engineering Plastics Market size is expected to reach USD 23.90 billion.

Europe Engineering Plastics Market Report Snapshots

Europe Engineering Plastics Market Size & Share Analysis - Growth Trends & Forecasts Up To 2029