Published On: Tue, May 22nd, 2012

Engineering plastics market projected to reach 23.5 million metric tons by 2017

Engineering plastics market projected to reach 23.5 million metric tons by 2017

Engineering plastics market projected to reach 23.5 million metric tons by 2017

The engineering plastics market is projected to reach 23.5 million metric tons by 2017 with growing per capita consumption in developing countries and incremental technology developments geared towards enhancing the performance of the materials being the predominant driving forces of the growth in the engineering plastics market.

Given the vigorous turnaround in demand within the electrical, electronic and automotive markets, the worldwide demand for polycarbonate is likely to continue to witness strong gains. The engineering plastics market growth will also be supported by expansion of application areas beyond the conventional electronic industry and into newer industries, such as, automotive, construction, and medical products.

Automotive engineering, especially, is expected to considerably improve demand for polycarbonate resins, which are increasingly being utilised in the manufacture of rear side windows, panorama roofs, interior cabin panels, radiator grills, engine parts, throttle bodies and in air-intake manifolds, among others.

This report, titled ‘Engineering Plastics: A Global Strategic Business Report,’ analyses the worldwide markets for Engineering Plastics in Thousand Metric Tons by Product Categories: Polycarbonate (PC), Acrylonitrile- Butadiene-Styrene (ABS), Polyacetals (PA), Nylon, Thermoplastic Polyester, and Others. The specific End-Use Segments discussed are Automotive, Electrical and Electronics, Appliances, and Miscellaneous. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin American.

The report profiles 148 companies including many key and niche players such as BASF SE, Bayer AG, Chi Mei Corporation, Dow Chemical, DuPont, Eastman Chemical Company, Evonik Degussa GmbH, LG Chem, Polyplastics Co., Royal DSM NV, SABIC, SABIC Innovative Plastics US LLC., TICONA Engineering Polymers, Teijin Limited, Toray Industries Inc., and Wintech Polymer Ltd.

Source : companiesandmarkets.com