US Engineering Resins Market Research Report: By Type (Polycarbonate, Acetal Copolymer Polyoxymethylene, Acetal Homopolymer Polyoxymethylene, Acrylic, Nylon, Polyethylene, Polypropylene, Polyvinylchloride, Teflon), By Application (Bumpers, Chemical Tanks, Electrical Insulators, Inhalers, Others) and By End Use Industry (Automotive, Building and Construction, Electrical Engineering, Healthcare, Packaging, Others) - Forecast to 2035.

US Engineering Resins Market Overview

The US Engineering Resins Market Size was estimated at 16.83 (USD Billion) in 2023. The US Engineering Resins Industry is expected to grow from 17.73(USD Billion) in 2024 to 30 (USD Billion) by 2035. The US Engineering Resins Market CAGR (growth rate) is expected to be around 4.897% during the forecast period (2025 - 2035).

Key US Engineering Resins Market Trends Highlighted

The US Engineering Resins Market is currently witnessing significant trends driven by several key factors. The growing demand for lightweight and durable materials in industries such as automotive, aerospace, and electronics is a prominent market driver. As manufacturers strive to improve fuel efficiency and reduce emissions, engineering resins like polycarbonates and nylon are increasingly used for components that require strength combined with reduced weight. Additionally, the trend toward the adoption of bioplastics and sustainable materials is gaining traction in the US, as companies seek to enhance their environmental credentials and meet regulatory requirements. Opportunities in the US market are emerging due to innovations in engineering resin production methods. Advances in recycling technologies are enabling the repurposing of resins, helping to create a circular economy in the plastics sector. This shift attracts investments and strategic partnerships aimed at developing more sustainable products. The rise in the construction of advanced manufacturing facilities, particularly in regions such as the Midwest and South, is facilitating domestic sourcing and production of these essential materials. Recent times in the US have seen a steady increase in the use of engineering resins in various applications, driven by technological advancements and consumer preferences for high-performance materials.The push for automation and smart manufacturing is further looking to expand their usage, providing opportunities for improved efficiency and reduced production costs. Overall, the evolving landscape of the US Engineering Resins Market reflects a growing commitment to innovation, sustainability, and performance that addresses both current and future needs across diverse sectors.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Engineering Resins Market Drivers

Increased Demand for Lightweight Materials in Automotive Industry

The US Engineering Resins Market Industry is significantly driven by the automotive sector's increasing demand for lightweight materials. The US government has been promoting fuel efficiency standards which necessitate the use of advanced materials like engineering resins. For example, the Corporate Average Fuel Economy (CAFE) standards require that by 2025, the automotive industry achieve an average of 54.5 miles per gallon. This initiative has propelled automotive manufacturers such as Ford and General Motors to invest in lightweight engineering resins like Polycarbonate and Nylon, which provide excellent performance while ensuring weight reductions.As a result, the rising demand for these materials is projected to accelerate growth in the US Engineering Resins Market, especially as companies seek compliance with these stringent regulations.

Growing Consumer Electronics Market

The consumer electronics market in the US is experiencing a robust growth trajectory, which directly affects the US Engineering Resins Market Industry. The Consumer Technology Association (CTA) reported that revenue from consumer electronics is expected to grow, with devices like smartphones, tablets, and smart home appliances requiring high-performance engineering resins for durability and aesthetic appeal. Brands such as Apple and Samsung are increasingly using engineering resins in their products, which drives demand for materials such as Acrylonitrile Butadiene Styrene (ABS) and Polycarbonate.The ongoing integration of engineering resins in these electronics is a key driver of market growth.

Advancements in the Aerospace Sector

The aerospace industry is another significant driver for the US Engineering Resins Market Industry. With the booming commercial aerospace sector, there is a continuous need for advanced materials that can withstand high temperatures and pressures while being lightweight. The Federal Aviation Administration (FAA) projects a steady increase in air travel over the next few years, with passenger numbers expected to reach 1 billion annually by 2025. Companies like Boeing and Lockheed Martin are adopting engineering resins for structural applications in aircraft, which increases market demand as these materials provide the necessary properties for aerospace components.This trend is set to bolster the growth of the US Engineering Resins Market.

US Engineering Resins Market Segment Insights:

Engineering Resins Market Type Insights

The US Engineering Resins Market is characterized by a diverse array of types, each serving unique applications and industries. Polycarbonate is renowned for its high impact resistance and optical clarity, making it a preferred choice for applications such as eyewear lenses and safety equipment. Acetal Copolymer Polyoxymethylene, with its excellent mechanical properties, is widely utilized in precision parts where dimensional stability is crucial. Similarly, Acetal Homopolymer Polyoxymethylene offers outstanding stiffness and strength, commonly found in engineering components such as gears and bearings. Acrylic, known for its transparency and weather resistance, has become increasingly popular in both consumer and commercial applications, often replacing glass in specific instances. Nylon is favored for its toughness and versatility, finding applications in automotive, textiles, and industrial equipment, while Polyethylene serves as a fundamental plastic in packaging and containers due to its chemical resistance and ease of processing. Polypropylene is also prevalent, recognized for its lightweight and durable characteristics, making it suitable for automotive parts and household items.In addition, Polyvinylchloride (PVC) represents a significant segment within the Engineering Resins Market, often utilized in plumbing, electrical cable insulation, and construction materials due to its durability and cost-effectiveness. Teflon, known for its non-stick properties and high heat resistance, is imperative in cookware and various industrial applications, particularly where chemical resistance is essential. Each of these types plays a crucial role in the US Engineering Resins Market, driving innovation and development while meeting the growing need for sustainable and efficient materials across numerous sectors. The market continues to evolve, with trends leaning towards the adoption of bio-based resins and enhanced recycling technologies, aligning with the broader push for sustainability in industrial practices.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Engineering Resins Market Application Insights

The Application segment within the US Engineering Resins Market exhibits significant diversity, with various uses that cater to essential industrial needs. In this segment, bumpers made from engineering resins are pivotal in the automotive industry due to their durability, impact resistance, and lightweight properties, contributing to vehicle safety and efficiency. Chemical tanks benefit from the corrosion resistance and chemical stability of engineering resins, making them suitable for storing a wide range of substances safely. Electrical insulators are also critical, as they ensure reliable performance and safety in electrical applications, leveraging the electrical insulating properties of these materials.Inhalers represent an innovative application, as engineering resins provide the required precision and reliability for medical devices, enhancing patient health outcomes through improved functionality. This sector, along with others, collectively illustrates the expansive utility of engineering resins in various applications, highlighting trends towards sustainability and efficiency in manufacturing. As these applications evolve, advancements in resin technology will likely facilitate improved performance standards across the board, perpetuating market growth in the US Engineering Resins Market.

Engineering Resins Market End Use Industry Insights

The US Engineering Resins Market is significantly influenced by the End Use Industry, where various segments utilize these materials for their unique properties. In the automotive sector, engineering resins are essential due to their lightweight and high-performance characteristics, which help to enhance fuel efficiency and safety in vehicles. The building and construction segment benefits from engineering resins for their durability and resistance to environmental factors, playing a critical role in sustainable infrastructure. Electrical engineering heavily relies on these materials for insulation and protection in various electronic components, ensuring reliability and performance.In healthcare, engineering resins are utilized for their biocompatibility and sterilization capabilities, making them integral for medical devices and equipment. The packaging industry also employs these materials, primarily due to their strength and lightweight nature, promoting efficiency in transportation and product protection. Other industries continue to explore innovative applications for engineering resins, underscoring their versatility. Given these trends, the US Engineering Resins Market remains vibrant and poised for growth as numerous sectors seek to enhance their products and processes through advanced resin technologies.

US Engineering Resins Market Key Players and Competitive Insights:

The US Engineering Resins Market is characterized by a dynamic environment where various players engage in fierce competition to capture market share and develop innovative solutions. Engineering resins, known for their robust mechanical properties and versatility, have found applications across numerous industries, including automotive, electronics, and consumer goods. As demand for high-performance materials continues to rise, market participants are consistently working to enhance their product offerings and improve manufacturing processes. This competitive landscape is marked by both established players and emerging companies striving to differentiate themselves through technological advancements, targeted marketing strategies, and strategic partnerships.Celanese stands out prominently in the US Engineering Resins Market, leveraging its deep expertise in polymer chemistry and advanced manufacturing techniques. The company's strengths lie in its comprehensive portfolio of high-performance engineering resins which cater to a diverse range of applications. Celanese focuses on innovation, enabling it to continuously develop new products to meet the evolving needs of its customers. The company has also established a strong market presence in the United States through its robust distribution channels and dedicated customer service. Its commitment to sustainability and regulatory compliance further enhances its competitive position, solidifying Celanese's reputation as a trusted supplier in the engineering resins sector.BASF also plays a significant role in the US Engineering Resins Market, offering a wide range of products that include polycarbonate, polyamide, and other specialty engineering resins. With a strong emphasis on research and development, BASF is known for its innovative solutions that address the specific requirements of various industries. The company's strategic presence in the US is reinforced through numerous mergers and acquisitions, allowing it to broaden its product portfolio and expand its market reach. BASF’s strengths include a solid manufacturing footprint, a deep understanding of market dynamics, and strong relationships with key customers. The company's focus on sustainability initiatives aligns with current market trends, making BASF a formidable player in the competitive landscape of engineering resins within the United States.

Key Companies in the US Engineering Resins Market Include:

• Celanese


• BASF


• DSM


• Mitsubishi Chemical


• Evonik


• Sabic


• Covestro


• Eastman Chemical


• Kraton


• DuPont


• Ineos


• Solvay


• LG Chem


• RTP Company


• Toray Industries

US Engineering Resins Market Industry Developments

The US Engineering Resins Market has experienced significant activity recently, with several companies making strides in innovation and sustainability. Celanese announced the expansion of its production capabilities to increase supply chain resilience and meet growing demand for high-performance engineered plastics in various applications. BASF has been focusing on developing eco-efficient products by integrating sustainability into their engineering resins line. In September 2023, DSM invested in advanced recycling technologies to ensure sustainability in the production of engineering materials. In October 2023, Evonik's launch of its new high-performance polyamide showcased advancements in lightweight materials for automotive applications. Additionally, LG Chem has been collaborating with US automakers to supply engineering resins for electric vehicles, emphasizing a shift towards greener solutions. Recent mergers include Eastman Chemical’s acquisition of a specialty resin manufacturer in August 2023, strengthening its position in the market. The growth trajectory of companies like DuPont and Kraton is benefiting from intensified demand across multiple sectors, influencing market valuations positively. Overall, these developments reflect a dynamic landscape in the US Engineering Resins Market, with continued emphasis on innovation and sustainability amidst rising demand.

US Engineering Resins Market Segmentation Insights

Engineering Resins Market Type Outlook

• Polycarbonate


• Acetal Copolymer Polyoxymethylene


• Acetal Homopolymer Polyoxymethylene


• Acrylic


• Nylon


• Polyethylene


• Polypropylene


• Polyvinylchloride


• Teflon

Engineering Resins Market Application Outlook

• Bumpers


• Chemical Tanks


• Electrical Insulators


• Inhalers


• Others

Engineering Resins Market End Use Industry Outlook

• Automotive


• Building and Construction


• Electrical Engineering


• Healthcare


• Packaging


• Others

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	16.83(USD Billion)
MARKET SIZE 2024	17.73(USD Billion)
MARKET SIZE 2035	30.0(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	4.897% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Celanese, BASF, DSM, Mitsubishi Chemical, Evonik, Sabic, Covestro, Eastman Chemical, Kraton, DuPont, Ineos, Solvay, LG Chem, RTP Company, Toray Industries
SEGMENTS COVERED	Type, Application, End Use Industry
KEY MARKET OPPORTUNITIES	Sustainable engineering resins development, High-performance composites demand growth, Expansion in automotive applications, Electronics industry innovation, Lightweight materials for construction
KEY MARKET DYNAMICS	rising automotive applications, demand for lightweight materials, growth in consumer electronics, increasing sustainability focus, technological advancements in resin production
COUNTRIES COVERED	US