Engineering plastics are a class of plastic materials that have superior
properties, such as mechanical strength and resistance to heat and chemicals,
compared to conventional plastics. Such materials are used in a wide range of
applications in industries such as Automotive and Transportation, Electrical
and Electronics, Packaging, Appliances, and Consumer Goods. They are broadly
classified into four types: ABA, fluoropolymers, PA, and PC.
Analysts forecast the Global Engineering
Plastics market to grow at a CAGR
of 5.19 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in the
Global Engineering Plastics Market: BASF SE, Bayer AG, Dow Chemical Co., DuPont
and Royal DSM NV.
One of the emerging trends in this market is an increasing demand from
the Asia Pacific region. China and India are key markets for engineering
plastics, which are expected to be in high demand from various industries in
this region.
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Covered in this
Report
This report covers the present scenario and the growth prospects of the
Global Engineering Plastics market for the period 2014-2018. To arrive at a
ranking of the leading vendors of the market, and to calculate the market size,
the report considers the revenue generated through the sales of engineering
plastics by these vendors. It also presents the vendor landscape and a
corresponding detailed analysis of the top five vendors in the Global
Engineering Plastics market. The report also provides data on the different
segments of the Global Engineering Plastics market based on type and geography.
Global Engineering Plastics Market 2014-2018, has been prepared based on
an in-depth market analysis with inputs from industry experts. The report
covers the APAC region, Europe, North America, and the ROW.
According to the report, an increase in demand from the automotive
industry is one of the major drivers in the market. Products such as
polycarbonate and polyamide are in high demand for various automotive
applications such as instrument panels, center consoles, door panels, and roof
modules, thereby contributing to the market growth.
Further, the report states that one of the major challenges in the market
is an increase in the prices of raw materials such as benzene and propylene.
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