Engineering Plastics Market Worth $79,026.6 Million by 2018
DALLAS, August 13, 2014 /PRNewswire/ –
According to the new report “Engineering Plastics Market by Type (Acrylonitrile
butadiene styrene, Fluor polymer, Polyamide, Polycarbonate, Polyoxymethylene,
Thermoplastic Polyesters, and Others), Applications and Geography – Trends & Forecasts
(2013- 2018)” by MarketsandMarkets, defines and segments the global engineering plastics
market with analysis and forecasting of the global revenue and consumption. It also
identifies the driving and restraining factors for the global engineering plastics market
with an analysis of trends, opportunities, burning issues, and winning imperatives.
Browse 116 market tables and 31 figures spread through 265 Slides and in-depth TOC
on”Engineering Plastics Market – Trends & Forecasts (2013-2018)”
Early buyers will receive 10% customization on reports.
The market is segmented, and consumption & revenues are forecasted on the basis of
major regions such as North America, Western Europe, Asia-Pacific, and Rest of the World
(ROW). The key countries are covered and forecasted for each region. Further, the market
is segmented and revenues are forecasted on the basis of major end-user industries such as
automotive & transportation, consumer & appliances, electrical & electronics, industrial &
machinery, packaging, others (medical, construction, & so on).
Engineering plastics exhibit high dimensional stability, good heat and chemical
resistance and high strength. Apart from this each type of engineering plastic has its own
unique set of properties making them the material of choice in several applications. Due
to this reason the application of engineering plastic is extensive and is growing at a
fast pace. One of the major uses of engineering plastic is to replace metals in various
end-user industries. One of the major end-user industries where engineering plastics are
used to replace metal is automotive & transportation. Due to increasingly stringent
regulations for reducing emission levels and increasing fuel economy, OEMs (Original
Equipment Manufacturers) are replacing metals in vehicles with various types of
engineering plastics. Recent developments have resulted in the development of bio-based
grades of different engineering plastics. These factors are expected to lead the growth in
Engineering Plastics Market.
Consumer and Appliances – major market for engineering plastics
Engineering Plastics are used in many end-user industries such as automotive &
transportation, consumer and appliances, electrical & electronics, industrial & machinery,
packaging, others (medical, construction, & so on). Among these the consumer and
appliances industry is a dominant end-use industry. Different types of engineering
plastics are used for a variety of applications that befit their properties. Use of
engineering plastics by various end-user industries helps in development of durable,
reliable and more efficient products than their predecessors.
Global engineering plastics market to reach $79.0 billion ($79,026.6 million) by 2018
The global market for engineering plastics in terms of revenue was estimated to be
worth $53.5 billion ($53,580.7 million) in 2012 and is expected to reach $79.0 billion
($79,026.6 million) by 2018, growing at a CAGR of 8.0%, in terms of revenue, from 2013 to
2018. The Asia-Pacific region dominated the global engineering plastics market, accounting
for 47.9% of the global engineering plastics market demand in 2013. The APAC is expected
to have the highest market revenue in 2018 followed by the Western European market. ROW a
collection of individual country markets is expected to be the fastest growing marketing
the future, with a CAGR of 10.0% from 2013 to 2018, owing to rising consumption in this
region where the end-user markets of engineering plastics are growing steadily. The
Western European market is expected to grow at a rate of 7.8%, in revenue terms and 4.8%
in consumption terms from 2013 to 2018.
Browse Related Reports:
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Polyamide Market – By Type (Polyamide 6, Polyamide 6-6, Bio-Based Polyamide) & By
Application (Automotives, Electrical, Machinery, Consumer Goods, Textiles & Sports Wear,
Films and Coatings & Packaging) – Global Trends & Forecasts Up to 2018
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