Emerging Markets to Drive the Growth of Global Engineering Plastics to Reach 29 million MTs by 2020
Monday 25 Mar 2013
Industry Experts, a multi industry focused market research firm, has announced the release of a new market research report ‘Engineering Plastics - A Global Market Overview’. This is an updated and most comprehensive 2013-version of the engineering plastics market research report which was initially released back in 2009.
The emerging regions such as Asia, South America, Middle-East and developing regions from Europe have been witnessing sizeable growth prospects for engineering plastics. Growing purchasing power in the developing economies is seen as a key driver of demand for engineering plastics in these regions. Primary drivers for the same include hitherto unexplored opportunities of replacing metals not only in automobiles, but also in the areas of household appliances, construction and infrastructure, to name a few. For example, Asian economy has been thriving primarily due to advancements in the traditional sectors of automobiles, building and construction, business machines, electrical & electronics, household appliances, telecommunications and transportation. Engineering Plastics are being widely employed in auto parts, consumer goods and electrical & electronics applications.
Engineering Plastics covered in this report include Styrene Copolymers - Acrylonitrile Butadiene Styrene and Styrene Acrylonitrile (ABS & SAN), Polycarbonate (PC), Polyamide (PA), Polymethyl Methacrylate (PMMA), Polyacetal/Polyoxymethylene (POM), Thermoplastic Polyesters - Polybutylene Terephthalate ad Polyethylene Terephthalate (PBT & PET), Polyphenylene Oxide (PPO/PPE Blends), Fluoropolymers (PTFE & Other FPs), Polyphenylene Sulfide (PPS) and Other High Performance Engineering Thermoplastics (HPETPs) including Polyketones (PEEK & PEKK), Liquid Crystal Polymers (LCPs), Polyimide (PI) and High Temperature Polyamides (HT-PA).
Market for Engineering Plastics application areas analyzed in the study include automotive, electrical & electronics, building & construction, consumer goods & appliances, industrial applications and other. The report estimates and projects the global market for engineering plastics for the period 2010-2020, in terms of volume (metric tons) as well as value (US$ million) by geographic regions including North America, Europe, Asia-Pacific and Rest of World.
Global market for engineering plastics, estimated at 19.6 million metric tons in 2012, is further projected to maintain a CAGR of over 5% during 2012-2020 in reaching 29.1 million metric tons by 2020. In terms of value, demand for engineering plastics is projected to register a corresponding CAGR of 7.9% in reaching US$113.7 billion by 2020 from an estimated US$67 billion in 2013 and a forecast US$72.5 billion in 2014.
This 539 page, global market report includes 342 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by product type, geographic region and end-use applications of engineering plastics. The report covers the brief business profiles of 38 key global players and 58 major players across North America – 21; Europe – 28; Asia-Pacific – 61; and Rest of World – 3. The report also provides the listing of the companies and institutions that are engaged in research and development, processing, supplies and distribution of engineering plastics. The global list covers the addresses, contact numbers and the website addresses of 401 companies.
For more details, please visit: http://industry-experts.com/verticals/chemicalsandplastics/engineering-plastics--a-global-market-overview.html