Key Insights
The China engineering plastics market, valued at approximately $XX million in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 6% through 2033. This expansion is fueled by several key factors. The burgeoning automotive sector, particularly the electric vehicle (EV) revolution, is a significant driver, demanding high-performance, lightweight engineering plastics for components. Similarly, the robust construction industry and the increasing adoption of advanced materials in electronics and industrial machinery contribute to market growth. Specific resin types like polyamides (PA), polybutylene terephthalate (PBT), and polycarbonate (PC) are experiencing particularly strong demand, driven by their versatility and suitability for diverse applications. However, the market faces challenges such as fluctuating raw material prices, concerns about environmental sustainability, and potential supply chain disruptions. Nevertheless, ongoing innovations in material science and the increasing focus on lightweighting and high-performance materials are expected to offset these restraints, ensuring continued market expansion in the forecast period.
The dominance of major players such as Far Eastern New Century Corporation, Formosa Plastics Group, and others, reflects the consolidated nature of the market. However, the emergence of smaller, specialized companies focusing on niche applications presents an opportunity for increased competition and diversification. Regional disparities within China also exist, with certain provinces experiencing faster growth rates due to localized industrial development. Future growth will heavily rely on successful integration of sustainable production methods, and adapting to evolving regulatory requirements surrounding the use of plastics. Strategic partnerships and mergers and acquisitions will likely play a crucial role in shaping the competitive landscape and influencing market share. The long-term outlook remains positive, with the China engineering plastics market poised to capitalize on increasing domestic demand and export opportunities across various end-use industries.

China Engineering Plastics Industry Market Report: 2019-2033
This comprehensive report provides an in-depth analysis of the China engineering plastics industry, encompassing market dynamics, growth trends, key players, and future outlook. The study period covers 2019-2033, with 2025 as the base year and a forecast period of 2025-2033. This report is crucial for industry professionals, investors, and strategic decision-makers seeking to understand and capitalize on the opportunities within this rapidly evolving market. The report analyzes parent markets (Engineering Plastics) and child markets (specific resin types and end-use industries) to provide a granular understanding of the market landscape.
China Engineering Plastics Industry Market Dynamics & Structure
The China engineering plastics market is characterized by a moderately concentrated structure with several large domestic and international players. Market concentration is approximately xx%, with the top five players holding a combined market share of approximately xx%. Technological innovation, particularly in sustainable materials and advanced processing techniques, is a key driver. Stringent environmental regulations are shaping the industry, pushing for the adoption of recyclable and bio-based plastics. Competitive substitutes, including metals and other advanced materials, pose challenges, but the lightweight, high-performance properties of engineering plastics continue to drive demand. The automotive and electronics sectors are major end-users, with consistent demand growth tied to China's economic expansion. M&A activity has been moderate in recent years, with xx major deals recorded between 2019 and 2024.
- Market Concentration: Approximately xx% (2024)
- Top 5 Players Market Share: Approximately xx% (2024)
- M&A Deal Volume (2019-2024): xx
- Key Innovation Drivers: Sustainability, Advanced Processing, High Performance Materials
- Regulatory Impact: Stringent Environmental Regulations driving adoption of sustainable alternatives.
China Engineering Plastics Industry Growth Trends & Insights
The China engineering plastics market experienced significant growth during the historical period (2019-2024), with a CAGR of xx%. This growth was fueled by increasing demand from key end-user industries, especially automotive and electronics manufacturing. The market size reached xx million units in 2024 and is projected to reach xx million units by 2033, exhibiting a CAGR of xx% during the forecast period (2025-2033). Technological advancements, including the development of high-performance, specialized plastics, are driving adoption rates across diverse sectors. Shifting consumer preferences towards lightweight, durable, and sustainable products further contribute to market expansion. Technological disruptions such as additive manufacturing and improved recycling technologies are anticipated to further influence market dynamics.

Dominant Regions, Countries, or Segments in China Engineering Plastics Industry
The coastal regions of China, particularly Guangdong, Jiangsu, and Zhejiang provinces, dominate the engineering plastics market due to their concentration of manufacturing hubs and access to key supply chains. Within the end-user industries, the automotive and electrical & electronics sectors are the largest consumers, accounting for approximately xx% and xx% of market share respectively in 2024. Among resin types, Polybutylene Terephthalate (PBT), Polycarbonate (PC), and ABS/SAN dominate the market due to their widespread applications in various sectors.
- Leading Regions: Guangdong, Jiangsu, Zhejiang
- Largest End-User Segments: Automotive, Electrical & Electronics
- Dominant Resin Types: PBT, PC, ABS/SAN
- Growth Drivers: Government infrastructure projects, rapid industrialization, and increasing consumer spending
China Engineering Plastics Industry Product Landscape
The China engineering plastics market offers a diverse range of products, catering to specific application needs. Innovations focus on enhancing material properties such as strength, heat resistance, and chemical resistance. Products are tailored for diverse applications, including high-performance automotive components, advanced electronics, and durable consumer goods. Key advancements include the development of bio-based engineering plastics and improved recycling technologies. Unique selling propositions often center on superior performance characteristics, improved sustainability profiles, and customized solutions for specific end-user requirements.
Key Drivers, Barriers & Challenges in China Engineering Plastics Industry
Key Drivers:
- Rapid industrialization and urbanization driving demand.
- Government support for advanced materials development.
- Growing automotive and electronics sectors.
Challenges and Restraints:
- Fluctuations in raw material prices impacting profitability.
- Intense competition from both domestic and international players.
- Environmental regulations pushing for sustainable alternatives, requiring significant investments in R&D and infrastructure.
Emerging Opportunities in China Engineering Plastics Industry
- Growing demand for lightweight materials in the transportation sector presents a significant opportunity.
- Expansion into high-growth sectors like renewable energy and medical devices.
- Increasing adoption of sustainable and recyclable engineering plastics.
Growth Accelerators in the China Engineering Plastics Industry
Technological advancements in material science and manufacturing processes will continue to drive market growth. Strategic partnerships between domestic and international companies will foster innovation and market expansion. Government initiatives promoting sustainable development will accelerate the adoption of eco-friendly engineering plastics.
Key Players Shaping the China Engineering Plastics Industry Market
- Far Eastern New Century Corporation
- Henan Energy Group Co Ltd
- Formosa Plastics Group
- Dongyue Group
- Chang Chun Group
- CHIMEI
- PetroChina Company Limited
- China Petroleum & Chemical Corporation
- Highsun Holding Group
- Zhejiang Hengyi Group Co Ltd
- Jilin Joinature Polymer Co Ltd
- Covestro AG
- China Resources (Holdings) Co Ltd
- Shenzhen Wote Advanced Materials Co Ltd
- Sanfame Group
Notable Milestones in China Engineering Plastics Industry Sector
- August 2022: Covestro AG announced plans to build a mechanical recycling line for polycarbonates in Shanghai.
- October 2022: Dongyue Group completed construction of a 10,000-ton/year PVDF project, increasing its total capacity to 25,000 tons/year.
- February 2023: Covestro AG introduced Makrolon 3638 polycarbonate for healthcare and life sciences applications.
In-Depth China Engineering Plastics Industry Market Outlook
The China engineering plastics market is poised for continued growth, driven by technological innovation, rising consumer demand, and government support for sustainable development. Strategic investments in R&D, expansion into new applications, and adoption of circular economy principles will be crucial for success in this dynamic market. The future holds significant potential for companies that can effectively leverage technological advancements and cater to the evolving needs of key end-user industries.
China Engineering Plastics Industry Segmentation
-
1. End User Industry
- 1.1. Aerospace
- 1.2. Automotive
- 1.3. Building and Construction
- 1.4. Electrical and Electronics
- 1.5. Industrial and Machinery
- 1.6. Packaging
- 1.7. Other End-user Industries
-
2. Resin Type
-
2.1. Fluoropolymer
-
2.1.1. By Sub Resin Type
- 2.1.1.1. Ethylenetetrafluoroethylene (ETFE)
- 2.1.1.2. Fluorinated Ethylene-propylene (FEP)
- 2.1.1.3. Polytetrafluoroethylene (PTFE)
- 2.1.1.4. Polyvinylfluoride (PVF)
- 2.1.1.5. Polyvinylidene Fluoride (PVDF)
- 2.1.1.6. Other Sub Resin Types
-
2.1.1. By Sub Resin Type
- 2.2. Liquid Crystal Polymer (LCP)
-
2.3. Polyamide (PA)
- 2.3.1. Aramid
- 2.3.2. Polyamide (PA) 6
- 2.3.3. Polyamide (PA) 66
- 2.3.4. Polyphthalamide
- 2.4. Polybutylene Terephthalate (PBT)
- 2.5. Polycarbonate (PC)
- 2.6. Polyether Ether Ketone (PEEK)
- 2.7. Polyethylene Terephthalate (PET)
- 2.8. Polyimide (PI)
- 2.9. Polymethyl Methacrylate (PMMA)
- 2.10. Polyoxymethylene (POM)
- 2.11. Styrene Copolymers (ABS and SAN)
-
2.1. Fluoropolymer
China Engineering Plastics Industry Segmentation By Geography
- 1. China

China Engineering Plastics Industry REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of > 6.00% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rising Usage in Sealing Applications; Surging Applications in the Automotive Industry
- 3.3. Market Restrains
- 3.3.1. Increasingly Stringent Environmental Regulations and Hazardous Working Conditions; Other Restraints
- 3.4. Market Trends
- 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. China Engineering Plastics Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by End User Industry
- 5.1.1. Aerospace
- 5.1.2. Automotive
- 5.1.3. Building and Construction
- 5.1.4. Electrical and Electronics
- 5.1.5. Industrial and Machinery
- 5.1.6. Packaging
- 5.1.7. Other End-user Industries
- 5.2. Market Analysis, Insights and Forecast - by Resin Type
- 5.2.1. Fluoropolymer
- 5.2.1.1. By Sub Resin Type
- 5.2.1.1.1. Ethylenetetrafluoroethylene (ETFE)
- 5.2.1.1.2. Fluorinated Ethylene-propylene (FEP)
- 5.2.1.1.3. Polytetrafluoroethylene (PTFE)
- 5.2.1.1.4. Polyvinylfluoride (PVF)
- 5.2.1.1.5. Polyvinylidene Fluoride (PVDF)
- 5.2.1.1.6. Other Sub Resin Types
- 5.2.1.1. By Sub Resin Type
- 5.2.2. Liquid Crystal Polymer (LCP)
- 5.2.3. Polyamide (PA)
- 5.2.3.1. Aramid
- 5.2.3.2. Polyamide (PA) 6
- 5.2.3.3. Polyamide (PA) 66
- 5.2.3.4. Polyphthalamide
- 5.2.4. Polybutylene Terephthalate (PBT)
- 5.2.5. Polycarbonate (PC)
- 5.2.6. Polyether Ether Ketone (PEEK)
- 5.2.7. Polyethylene Terephthalate (PET)
- 5.2.8. Polyimide (PI)
- 5.2.9. Polymethyl Methacrylate (PMMA)
- 5.2.10. Polyoxymethylene (POM)
- 5.2.11. Styrene Copolymers (ABS and SAN)
- 5.2.1. Fluoropolymer
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. China
- 5.1. Market Analysis, Insights and Forecast - by End User Industry
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2024
- 6.2. Company Profiles
- 6.2.1 Far Eastern New Century Corporation
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 Henan Energy Group Co Ltd
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 Formosa Plastics Group
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 Dongyue Group
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 Chang Chun Group
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 CHIMEI
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 PetroChina Company Limited
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 China Petroleum & Chemical Corporation
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.9 Highsun Holding Group
- 6.2.9.1. Overview
- 6.2.9.2. Products
- 6.2.9.3. SWOT Analysis
- 6.2.9.4. Recent Developments
- 6.2.9.5. Financials (Based on Availability)
- 6.2.10 Zhejiang Hengyi Group Co Ltd
- 6.2.10.1. Overview
- 6.2.10.2. Products
- 6.2.10.3. SWOT Analysis
- 6.2.10.4. Recent Developments
- 6.2.10.5. Financials (Based on Availability)
- 6.2.11 Jilin Joinature Polymer Co Ltd
- 6.2.11.1. Overview
- 6.2.11.2. Products
- 6.2.11.3. SWOT Analysis
- 6.2.11.4. Recent Developments
- 6.2.11.5. Financials (Based on Availability)
- 6.2.12 Covestro AG
- 6.2.12.1. Overview
- 6.2.12.2. Products
- 6.2.12.3. SWOT Analysis
- 6.2.12.4. Recent Developments
- 6.2.12.5. Financials (Based on Availability)
- 6.2.13 China Resources (Holdings) Co Ltd
- 6.2.13.1. Overview
- 6.2.13.2. Products
- 6.2.13.3. SWOT Analysis
- 6.2.13.4. Recent Developments
- 6.2.13.5. Financials (Based on Availability)
- 6.2.14 Shenzhen Wote Advanced Materials Co Ltd
- 6.2.14.1. Overview
- 6.2.14.2. Products
- 6.2.14.3. SWOT Analysis
- 6.2.14.4. Recent Developments
- 6.2.14.5. Financials (Based on Availability)
- 6.2.15 Sanfame Group
- 6.2.15.1. Overview
- 6.2.15.2. Products
- 6.2.15.3. SWOT Analysis
- 6.2.15.4. Recent Developments
- 6.2.15.5. Financials (Based on Availability)
- 6.2.1 Far Eastern New Century Corporation
List of Figures
- Figure 1: China Engineering Plastics Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: China Engineering Plastics Industry Share (%) by Company 2024
List of Tables
- Table 1: China Engineering Plastics Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: China Engineering Plastics Industry Volume kilotons Forecast, by Region 2019 & 2032
- Table 3: China Engineering Plastics Industry Revenue Million Forecast, by End User Industry 2019 & 2032
- Table 4: China Engineering Plastics Industry Volume kilotons Forecast, by End User Industry 2019 & 2032
- Table 5: China Engineering Plastics Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 6: China Engineering Plastics Industry Volume kilotons Forecast, by Resin Type 2019 & 2032
- Table 7: China Engineering Plastics Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 8: China Engineering Plastics Industry Volume kilotons Forecast, by Region 2019 & 2032
- Table 9: China Engineering Plastics Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 10: China Engineering Plastics Industry Volume kilotons Forecast, by Country 2019 & 2032
- Table 11: China Engineering Plastics Industry Revenue Million Forecast, by End User Industry 2019 & 2032
- Table 12: China Engineering Plastics Industry Volume kilotons Forecast, by End User Industry 2019 & 2032
- Table 13: China Engineering Plastics Industry Revenue Million Forecast, by Resin Type 2019 & 2032
- Table 14: China Engineering Plastics Industry Volume kilotons Forecast, by Resin Type 2019 & 2032
- Table 15: China Engineering Plastics Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 16: China Engineering Plastics Industry Volume kilotons Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the China Engineering Plastics Industry?
The projected CAGR is approximately > 6.00%.
2. Which companies are prominent players in the China Engineering Plastics Industry?
Key companies in the market include Far Eastern New Century Corporation, Henan Energy Group Co Ltd, Formosa Plastics Group, Dongyue Group, Chang Chun Group, CHIMEI, PetroChina Company Limited, China Petroleum & Chemical Corporation, Highsun Holding Group, Zhejiang Hengyi Group Co Ltd, Jilin Joinature Polymer Co Ltd, Covestro AG, China Resources (Holdings) Co Ltd, Shenzhen Wote Advanced Materials Co Ltd, Sanfame Group.
3. What are the main segments of the China Engineering Plastics Industry?
The market segments include End User Industry, Resin Type.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Rising Usage in Sealing Applications; Surging Applications in the Automotive Industry.
6. What are the notable trends driving market growth?
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
7. Are there any restraints impacting market growth?
Increasingly Stringent Environmental Regulations and Hazardous Working Conditions; Other Restraints.
8. Can you provide examples of recent developments in the market?
February 2023: Covestro AG introduced Makrolon 3638 polycarbonate for healthcare and life sciences applications such as drug delivery devices, wellness and wearable devices, and single-use containers for biopharmaceutical manufacturing.October 2022: Dongyue Group completed the construction of its PVDF project with a capacity of around 10,000 tons per year in China. Upon completion of this project, the company's total PVDF production capacity reached 25,000 tons/year.August 2022: Covestro AG announced plans to build its first dedicated line for the mechanical recycling (MCR) of polycarbonates in Shanghai, China, to create more sustainable solutions, primarily for electrical and electronic, automotive, and consumer goods applications.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in kilotons.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "China Engineering Plastics Industry," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the China Engineering Plastics Industry report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the China Engineering Plastics Industry?
To stay informed about further developments, trends, and reports in the China Engineering Plastics Industry, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence