Report Overview

India Engineering Plastics Market – Industry Trends & Forecast Report, 2031

India Engineering Plastics Market size was estimated at USD 3.77  billion in 2024. During the forecast period between 2025 and 2031, India Engineering Plastics Market size is projected to grow at a CAGR of 7.7% reaching a value of USD 6.33 billion by 2031. The growth of India Engineering Plastics Market is driven by rapid industrialization, increasing demand in the automotive and electronics sectors, and government initiatives promoting domestic manufacturing. The shift towards lightweight and durable materials in the aerospace and packaging industries further fuels growth. Rising awareness of sustainability and advancements in recyclable plastics enhance market prospects. Technological innovations, infrastructure development, and supply chain improvements contribute to expansion. The growing consumer preference for high-performance plastics in various applications strengthens market dynamics, ensuring steady growth in the coming years.

Engineering Plastics – Overview

Engineering plastics are high-performance materials with superior mechanical, thermal, and chemical properties compared to commodity plastics. Due to their durability, heat resistance, and lightweight nature, they are widely used in industries such as automotive, aerospace, electronics, and construction. These plastics replace traditional materials like metal and glass, offering cost-effective and efficient solutions. Common types include polycarbonate, polyamide, and polyetheretherketone. Their versatility and adaptability make them essential for advanced manufacturing and technological innovations.

India Engineering Plastics Market 

Growth Drivers

Rising Demand in Automotive Sector

The Indian automotive industry is increasingly adopting engineering plastics due to their lightweight, durable, and cost-effective properties. These materials enhance fuel efficiency, reduce emissions, and improve vehicle performance. With government initiatives promoting electric vehicles and sustainable mobility, the demand for high-performance plastics in interiors, exteriors, and under-the-hood components is rising. Additionally, advancements in polymer technology enable manufacturers to develop innovative designs, further driving market growth. The sector's expansion strengthens India's position in global automotive manufacturing.

Challenges

High Production Costs

India Engineering Plastics Market faces challenges due to high production costs, driven by expensive raw materials, energy consumption, and advanced manufacturing processes. The need for specialized equipment and skilled labor further adds to operational expenses. Additionally, fluctuating global resin prices impact cost stability, making affordability a concern for manufacturers. These factors limit widespread adoption, particularly among small and medium enterprises, affecting market expansion. Companies must innovate cost-effective solutions to maintain competitiveness and sustain growth in the industry.

Impact of Escalating Geopolitical Tensions on India Engineering Plastics Market 

Intensifying geopolitical tensions among countries across the major regions could disrupt supply chains, affecting raw material availability and pricing in India Engineering Plastics Market. Trade restrictions and tariff fluctuations may increase production costs, impacting profitability. Additionally, uncertainty in global markets can reduce foreign investments, slowing industry growth. Companies may need to diversify sourcing strategies and explore local alternatives to mitigate risks. Market volatility and policy changes could further challenge expansion, requiring adaptive strategies to sustain competitiveness in a fluctuating economic landscape.

India Engineering Plastics Market 

Segmental Coverage

India Engineering Plastics Market – By Resin Type

By resin type, India Engineering Plastics Market is divided into 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) segments.

Acrylonitrile Butadiene Styrene (ABS) stands out as the fastest-growing segment In the India Engineering Plastics Market. This is primarily due to its extensive applications in the automotive and electrical & electronics industries. ABS is favored for its excellent electrical insulation, high tensile strength, and strong resistance to chemicals and moisture, making it ideal for manufacturing various automotive parts. Following ABS, Polycarbonate (PC) is also experiencing significant growth, attributed to its high impact resistance and optical clarity, which are essential in automotive and consumer electronics applications. The robust demand in these sectors is propelling the expansion of these segments within the Indian market.

India Engineering Plastics Market – By End User

Based on end user, India Engineering Plastics Market is divided into Aerospace, Automotive, Building & Construction, Electrical & Electronics, Industrial & Machinery, and Packaging segments. The automotive segment holds the largest market share of India Engineering Plastics Market. This dominance is driven by the growing demand for lightweight, fuel-efficient vehicles and the increasing integration of engineering plastics in automotive components such as bumpers, dashboards, and under-the-hood parts. The shift towards electric vehicles has further accelerated this trend, as manufacturers prioritize materials that reduce weight without compromising strength or performance. Moreover, India's expanding automotive industry, supported by government initiatives like “Make in India,” continues to stimulate domestic production and innovation in plastic components, solidifying the segment’s leading position in the engineering plastics market.

India Engineering Plastics Market – By Region

Geographically, India Engineering Plastics Market is divided into North India, South India, East India, and West India. South India emerges as the largest regional segment in India Engineering Plastics Market. This dominance is driven by the region's strong presence of automotive, electrical, and electronics, and consumer goods industries, especially in states like Tamil Nadu and Karnataka. The availability of skilled labor, advanced infrastructure, and favorable government policies further boosts the manufacturing and processing of engineering plastics in the region. Chennai, often referred to as the "Detroit of India," plays a pivotal role due to its dense concentration of automobile manufacturers and suppliers, making South India the most significant contributor to the market's growth and demand.

Competitive Landscape

Major companies operating in India Engineering Plastics Market include Reliance Industries Limited, INEOS, IVL Dhunseri Petrochem Industries Private Limited (IDPIPL), JBF Industries Ltd, Chiripal Poly Film, BASF SE, SABIC, DuPont, Covestro AG, Solvay, and LG Chem. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Resin Type

• 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)

By End User

• Aerospace

• Automotive

• Building & Construction

• Electrical & Electronics

• Industrial & Machinery

• Packaging

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Engineering Plastics Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising Demand in Automotive Sector
         2. Government Initiatives for Manufacturing Expansion
         3. Increasing Adoption in Electrical & Electronics Industry
      2. Restraints
         1. High Production Costs
         2. Environmental Concerns and Regulations
         3. Fluctuations in Raw Material Prices
      3. Opportunities
         1. Advancements in Sustainable and Recyclable Plastics
         2. Growing Demand for Lightweight Materials in Aerospace
      4. Challenges
         1. Competition from Alternative Materials
         2. Supply Chain Disruptions Affecting Market Stability
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Engineering Plastics Market Strategies
5. India Engineering Plastics Market: Pricing Analysis
6. India Engineering Plastics Market Overview
   1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Resin Type
         1. Fluoropolymer
         2. Liquid Crystal Polymer (LCP)
         3. Polyamide (PA)
         4. Polybutylene Terephthalate (PBT)
         5. Polycarbonate (PC)
         6. Polyether Ether Ketone (PEEK)
         7. Polyethylene Terephthalate (PET)
         8. Polyimide (PI)
         9. Polymethyl Methacrylate (PMMA)
         10. Polyoxymethylene (POM)
         11. Styrene Copolymers (ABS and SAN)
      2. By End User
         1. Aerospace
         2. Automotive
         3. Building & Construction
         4. Electrical & Electronics
         5. Industrial & Machinery
         6. Packaging
      3. By Region
         1. North India
         2. South India
         3. East India
         4. West India
7. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India Engineering Plastics Market Share Analysis, 2024
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on India Engineering Plastics Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Reliance Industries Limited
   2. INEOS
   3. IVL Dhunseri Petrochem Industries Private Limited (IDPIPL)
   4. JBF Industries Ltd
   5. Chiripal Poly Film
   6. BASF SE
   7. SABIC
   8. DuPont
   9. Covestro AG
   10. Solvay
   11. LG Chem
10. Key Strategic Recommendations
11. Research Methodology
    1. Qualitative Research
       1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5.   Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

  The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       India Engineering Plastics Market Segmentation

Figure 2       India Engineering Plastics Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2024

Figure 4       India Engineering Plastics Market Size, By Value (USD Million), 2019–2031

Figure 5       India Engineering Plastics Market Share, By Resin Type, By Value, 2019–2031

Figure 6       India Engineering Plastics Market Share, By End User, By Value, 2019–2031

Figure 7       India Engineering Plastics Market Share, By Region, By Value, 2019–2031

List of Tables

Table 1        India Engineering Plastics Market Size, By Value (USD Million), 2019–2031

Table 2        India Engineering Plastics Market Size, By Resin Type, By Value, 2019–2031

Table 3        India Engineering Plastics Market Size, By End User, By Value, 2019–2031

Table 4        India Engineering Plastics Market Size, By Region, By Value, 2019–2031

Table 5    Reliance Industries Limited Company Overview

Table 6    Reliance Industries Limited Financial Overview

Table 7    INEOS Company Overview

Table 8    INEOS Financial Overview

Table 9     IVL Dhunseri Petrochem Industries Private Limited (IDPIPL) Company Overview

Table 10   IVL Dhunseri Petrochem Industries Private Limited (IDPIPL) Financial Overview

Table 11   JBF Industries Ltd Company Overview

Table 12   JBF Industries Ltd Financial Overview

Table 13   Chiripal Poly Film Company Overview

Table 14   Chiripal Poly Film Financial Overview

Table 15   BASF SE Company Overview

Table 16   BASF SE Financial Overview

Table 17   SABIC Company Overview

Table 18   SABIC Financial Overview

Table 19   DuPont Company Overview

Table 20   DuPont Financial Overview

Table 21   Covestro AG Company Overview

Table 22   Covestro AG Financial Overview

Table 23   Solvay Company Overview

Table 24   Solvay Financial Overview

Table 25   LG Chem Company Overview

Table 26   LG Chem Financial Overview