DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/p84m3s/engineering) has announced the addition of the "Engineering Plastics Market by Type, Applications and Geography - Trends & Forecasts (2013- 2018)" report to their offering.
The global engineering plastics market is valued at $53,580.7 million in 2013, which is estimated to reach about $79,026.6 million in 2018, growing at a CAGR of 8.0% from 2013 to 2018
The engineering plastics market is witnessing a healthy growth due to its application as a substitute for metal. Another factor for its popularity among various end-user industries is its ability to withstand high temperatures and resistance against chemicals. Consumer & Appliances market is the biggest end-use market of engineering plastics; however in the recent years the use of engineering plastic is gaining popularity in the automotive & transportation industry and is being used in the several interior, exterior and under-the-hood applications.
Growing demand from developing countries, due to increase in disposable income of the rising middle class, is expected to drive the growth rate for engineering plastics in the Asia-Pacific region. The increased usage in automobile & transportation, due to strict regulations, poses as an opportunity for the growth of engineering plastics in this end-user segment.
Increasing R&D efforts are expected to ensure that the newer applications and better grades of engineering plastics will be developed for various end-use markets in the coming future. Engineering plastics market is driven by replacing traditional materials such as wood and metal, which don't possess a good weight to strength ratio. Increasing popularity in the automotive & transportation industry, medical industry, and building & construction industry assures the growth of engineering plastics in the long-term future.
Report Scope
Type
- Acrylonitrile butadiene styrene
- Fluor polymer
- Polyamide
- Polycarbonate
- Polyoxymethylene
- Thermoplastic Polyesters
- Others
We have also profiled leading players of this industry with their recent developments and other strategic initiatives in the industry.
These include:
- BASF SE (Germany)
- Bayer MaterialScience (Germany)
- E. I. du Pont de Nemours and Company (U.S.)
- LG Chem. (South Korea)
- SABIC Innovative Plastics (Saudi Arabia)
- Solvay Plastics (Belgium) and other market players.
For more information visit http://www.researchandmarkets.com/research/p84m3s/engineering
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
