Engineering Plastics: A Global Strategic Business Report
San Jose, California (PRWEB) March 09, 2012
Follow us on LinkedIn – Used in a wide gamut of industries, engineering plastics will continue to witness strong demand worldwide. One of the main factors affecting the engineering plastics market is the level and the rate of replacement of traditional materials. In the developed countries, there have been significant conversions from metal to engineering plastics in almost all key industries. In the developing countries, on the other hand, per capita consumption continues to remain low offering robust untapped potential for growth. Over the years, a number of different grades and types of engineering plastics have been developed by subjecting polymers to a variety of chemical reactions in different combinations. Nylon, Acetal, Teflon and Polycarbonate mainly comprised the engineering plastic family in the beginning. However, the group has been consistently growing since then to encompass a continuously increasing list of plastics that fall under this category.
Environmental concerns are playing an important role in influencing the development of engineering plastics. In this regard, Natural oils including soybean, corn, and linseed are being increasingly used as monomers. Water-soluble polymers have also grown in popularity.
The medical end-use industry is expected to witness the strongest growth. Surgical medical instrumentation, such as scalpels and syringes, diagnostic equipment casings, and research application tools represent some of the high growth areas projected for engineering plastics. Thermoplastic polyester would continue to be the leading engineering resin with thermoplastic elastomers and polycarbonate showing premium growth owing to increased requirements for impact resistance, clarity, and tactility among other features. Specialty thermoplastics, such as polysulfone and polyetheretherketone would also exhibit a strong growth in electromedical and x-ray equipment, and in medical as well as surgical instruments.
Global demand for polycarbonate is expected to continue to witness sturdy gains, given the robust turnaround in demand in electrical, electronic, automotive industries. 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, among others. Automotive engineering, especially, is expected to significantly drive demand for polycarbonate resins, which are increasingly being utilized 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. Over the next decade, Nylon is forecast to emerge into a major material in numerous under the hood applications.
As stated by the new market research report on Engineering Plastics, Asia-Pacific represents the largest market worldwide. The region also represents the fastest growing market worldwide with a projected CAGR of 8.8%, over the analysis period. China and India, the most populated countries of the world, are witnessing strong demand for engineering plastics. Both countries are expected to outpace the global compounded annual growth rate. Growth in these countries will be driven by healthy GDP gains, economic growth, rapid pace of industrialization, expansion in manufacturing output and continuous investments in infrastructure development. India, with its low per capita consumption, offers more growth prospects than China. Currently however, Chinese manufacturers with significant trade exposures in Europe are feeling the heat of the European debt crisis. Comparatively weaker demand in the debt burdened euro zone region coupled with strengthening of the Chinese Yuan as a result of under pressure political decisions to allow the traditionally perceived as "misaligned" currency to be more exposed to market forces, impacted trade of domestic Chinese manufacturers. Stronger Yuan implies reduced cost competitive advantages in the international market.
Major players in the global marketplace include BASF SE, Bayer AG, Chi Mei Corporation, Dow Chemical, DuPont, Eastman Chemical Company, Evonik Degussa GmbH, LG Chem, Polyplastics Co., Royal DSM NV, SABIC, Ticona Engineering Polymers, Teijin Limited, Toray Industries Inc., and Wintech Polymer Ltd.
The research report titled “Engineering Plastics: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in volume (thousand metric tons) for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Middle East, and Latin America. Product segments analyzed include Polycarbonate, Acrylonitrile-Butadiene-Styrene (ABS), Polyacetal, Nylon, and Thermoplastic Polyesters (PBT/PET), among others. End-use sectors analyzed include Automotive, Electrical and Electronics, Appliances, and Miscellaneous sectors.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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