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United Kingdom Engineering Plastics Market Size

The United Kingdom Engineering Plastics Market is anticipated to experience significant growth over the forecast period, driven by its application in various industries. The packaging production industry stands as the largest consumer, fueled by high demand in sectors such as food and beverage and pharmaceuticals. Meanwhile, the electrical and electronics industry also contributes substantially to the market size, driven by the proliferation of consumer electronics. Additionally, the aerospace industry is expected to witness the highest growth rate, spurred by advancements in technology for lighter and faster aircraft.

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Market Size of united kingdom engineering plastics Industry

United Kingdom Engineering Plastics Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.34 Billion
svg icon Market Size (2029) USD 1.84 Billion
svg icon Largest Share by End User Industry Electrical and Electronics
svg icon CAGR (2024 - 2029) 6.53 %
svg icon Fastest Growing by End User Industry Aerospace
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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United Kingdom Engineering Plastics Market Analysis

The United Kingdom Engineering Plastics Market size is estimated at 1.34 billion USD in 2024, and is expected to reach 1.84 billion USD by 2029, growing at a CAGR of 6.53% during the forecast period (2024-2029).

1.34 Billion

Market Size in 2024 (USD)

1.84 Billion

Market Size in 2029 (USD)

1.47 %

CAGR (2017-2023)

6.53 %

CAGR (2024-2029)

Largest Market by End-user Industry

18.37 %

value share, Electrical and Electronics, 2023

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The segment occupied the major market share due to the widespread applications of engineering plastics, mostly styrene copolymers, PC, and PA in advanced and smart electrical devices.

Fastest Growing Market by End-user Industry

7.92 %

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

26.17 %

value share, Polycarbonate (PC), 2023

Due to widespread automotive and construction applications, PC resin occupied the largest resin segment. It is widely used in electronics due to its good electrical insulator with flame-retardant properties.

Fastest Growing Market by Resin Type

8.72 %

Projected CAGR, Liquid Crystal Polymer (LCP), 2024-2029

Owing to the rising demand for high-performance, smaller, and thinner electrical components, LCP resin is projected to witness the fastest growth in the coming years.

Leading Market Player

86.39 %

market share, Alfa S.A.B. de C.V., 2022

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In 2022, the company held the largest market share, with the largest production capacity of around 220 kilotons per year of PET resin in the United Kingdom. Alfa offers various grades, mainly for packaging applications.

Rising adoption of advanced materials to drive the demand for engineering plastics

  • Engineering plastics, also known as thermoplastic polymers, are a class of synthetic resins that offer high-performance capabilities and improved plastic properties compared to conventional plastics. They exhibit stability over a broad temperature range and can withstand significant mechanical stress and climatic changes.
  • The packaging production industry generates annual sales of over USD 13.6 billion, driven by high demand from specific industries such as food and beverage, pharmaceuticals, and personal and household care products. The packaging industry is the largest consumer of engineering plastics in the region, accounting for approximately 39% of total consumption across all industries in 2022. With changing, fast-paced lifestyles and the versatility of plastic packaging, the industry is projected to record a CAGR of 5.73% in terms of revenue during the forecast period.
  • The electrical and electronics industry is the second-largest consumer of engineering plastics in the country, representing 12% of total consumption across all industries in 2022. This industry is driven by consumer electronics such as mobile phones, computers, wearables, TVs, and similar products. For example, the consumer electronics industry is expected to generate USD 32.48 billion in revenue in 2023. Consequently, the consumption volume of engineering plastics in this industry is projected to increase at a CAGR of 6.77% during the forecast period.
  • The aerospace industry is likely to exhibit the highest growth rate of 8.27% over the forecast period. The development of new technologies for lighter and faster aircraft is driving the consumption of engineering plastics.
United Kingdom Engineering Plastics Market

United Kingdom 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.

  • Engineering plastics, also known as thermoplastic polymers, are a class of synthetic resins that offer high-performance capabilities and improved plastic properties compared to conventional plastics. They exhibit stability over a broad temperature range and can withstand significant mechanical stress and climatic changes.
  • The packaging production industry generates annual sales of over USD 13.6 billion, driven by high demand from specific industries such as food and beverage, pharmaceuticals, and personal and household care products. The packaging industry is the largest consumer of engineering plastics in the region, accounting for approximately 39% of total consumption across all industries in 2022. With changing, fast-paced lifestyles and the versatility of plastic packaging, the industry is projected to record a CAGR of 5.73% in terms of revenue during the forecast period.
  • The electrical and electronics industry is the second-largest consumer of engineering plastics in the country, representing 12% of total consumption across all industries in 2022. This industry is driven by consumer electronics such as mobile phones, computers, wearables, TVs, and similar products. For example, the consumer electronics industry is expected to generate USD 32.48 billion in revenue in 2023. Consequently, the consumption volume of engineering plastics in this industry is projected to increase at a CAGR of 6.77% during the forecast period.
  • The aerospace industry is likely to exhibit the highest growth rate of 8.27% over the forecast period. The development of new technologies for lighter and faster aircraft is driving the consumption of engineering plastics.
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)
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United Kingdom Engineering Plastics Market Size Summary

The United Kingdom engineering plastics market is poised for significant growth, driven by the increasing demand across various industries. Engineering plastics, known for their high-performance capabilities and stability under diverse conditions, are becoming essential in sectors such as packaging, electronics, and aerospace. The packaging industry stands as the largest consumer, fueled by the need for versatile and durable materials in food, beverage, pharmaceuticals, and personal care products. Meanwhile, the electrical and electronics sector, with its focus on consumer electronics like mobile phones and computers, also contributes substantially to the market's expansion. The aerospace industry is expected to experience the highest growth rate, as advancements in aircraft technology necessitate lighter and more resilient materials.

The market landscape is fairly consolidated, with major players like AGC Inc., Alfa S.A.B. de C.V., BASF SE, Polymer Extrusion Technologies (UK) Ltd, and Victrex dominating the scene. These companies are actively innovating and expanding their product offerings to cater to the evolving needs of industries. For instance, Victrex PLC has introduced new polymer solutions for medical device manufacturing and is investing in expanding its medical division. Similarly, Covestro AG is developing specialized polycarbonate materials for healthcare applications. The market's growth is further supported by technological advancements and the increasing production of smart devices, driven by trends such as IoT, 5G, and automation.

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United Kingdom 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)

United Kingdom Engineering Plastics Market Size FAQs

The United Kingdom Engineering Plastics Market size is expected to reach USD 1.34 billion in 2024 and grow at a CAGR of 6.53% to reach USD 1.84 billion by 2029.

In 2024, the United Kingdom Engineering Plastics Market size is expected to reach USD 1.34 billion.

United Kingdom Engineering Plastics Market Report Snapshots

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