Engineering Plastics Market to Gain 6 Billion Pounds by 2020 as Market Grows More Competitive and Upgraded Commodity Resins Trend Up

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According to the new report from BCC Research, the global engineering resin and polymer alloy/blend market reached 24.1 billion pounds in 2014. The market is projected to increase to over 25.2 billion pounds by 2015 and nearly 31.4 billion in 2020, with a compound annual growth rate of 4.5%.

Engineering Resins
The global engineering resin and polymer alloy/blend market is expected to reach 31.4 billion pounds in 2020

The engineering plastics industry is undergoing structural changes and shifts in focus within its various markets due factors such as a growing number of worldwide players, fluctuating raw material costs and a maturing customer base. In its new report on the engineering resin and polymer alloy/blend, BCC Research estimates the market at more than 31 billion pounds by 2020, up from 25 billion pounds in 2015.

This industry is becoming increasingly competitive as more companies enter the market. However, the number of engineering polymer firms remains relatively small when compared with commodity polymer firms. The former often leave the industry, become involved in joint ventures, or are bought by larger firms. Also, recent acquisitions and divestitures involve private or public “financial” companies not directly involved in the plastics business.

Engineering polymers continue to replace metals, but long lead times from design to production translate into a lengthy process for engineering polymer displacement of metals and glass.

“The issue is simply not merely an engineering polymer vs. metal or glass scenario, but includes confrontation with other traditional, often lower-costing, upgraded commodity-type resins,” says BCC Research analyst Mel Schlechter. “For example, in some cases, mature varieties, such as polyamide, are becoming more vulnerable to upgraded commodity thermoplastics such as polypropylene.”

Engineering Resins, Polymer Alloys and Blends: Global Markets (PLS020D) includes traditional varieties such as polyamides, polycarbonates, polyacetals, (reinforced) polyethylene terephthalate (PET) and polybutylene terephthalate (PBT), along with alloys/blends, such as polycarbonate-ABS (PC/ABS); polyphenylene oxide/high-impact polystyrene (PPO-HIPS); polyphenylene oxide/polyamides (PPO/polyamide); and polycarbonate-PBT (PC/PBT), among others. The report provides revenue forecasts through 2020.

Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.

About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world’s greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email information(at)bccresearch(dot)com.

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BCC Research
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