Expected to 2023In 2011, the global engineering plastics market will experience strong growth. The growth of the global market is due to the replacement of traditional materials with engineering plastics in terminal applications. The growth of the terminal industry is growing. The demand for polyamides for 3D printing has increased and the demand for engineering plastics in the automotive industry has risen. The rising demand of emerging economies and the use of engineering plastics in the aerospace industry also support the global engineering plastics market to achieve further growth.
On the other hand, the global engineering plastics market is adversely affected by the high cost of engineering plastics and the threat of other polymer alternatives.
Engineering plastics are plastic materials with excellent mechanical and/or thermal properties compared to plastics for daily use (eg polystyrene, PVC, polypropylene and polyethylene) and can be permanently applied at temperatures between 100°C and 150°C. Use. Due to its excellent mechanical properties, good chemical resistance, abrasion resistance and high dimensional stability, the industry is using engineering plastics instead of conventional materials such as alloys, glass and metals. Engineering plastics are widely used in many industries. , Including automotive transportation, electrical and electronics, consumer electronics, industrial machinery, packaging, construction and medical, etc.
The global engineering plastics market has been classified according to type and application. In terms of type, the global market is divided into acrylonitrile butadiene styrene (ABS), polyamides, polycarbonates, thermoplastic polyesters, polyacetals and fluoropolymers, etc. For applications, the global market is divided into automotive transportation, electrical and electronics, industrial machinery, packaging and consumer goods.
Geographically, the global engineering plastics market is divided into North America, South America, Europe, Asia Pacific, and other parts of the world. During the forecast period, the Asia Pacific region may become the highest growth rate in the global engineering plastics market. The main factors driving regional growth include: The emergence of electrical and electronics manufacturers, the huge base of automotive manufacturers, the increase of industrial facilities in metal manufacturing and industrial machinery, and the increasing demand for packaging solutions from multiple end-user industries. China and India are promoting the Asia-Pacific region for engineering plastics demand.
During the forecast period, the North American engineering plastics market is expected to maintain steady growth. In addition, the European region is expected to show strong growth in the global engineering plastics market. The regional market is driven by innovations and technological advancements to develop new products that can open up new applications. EU Strict implementation of emissions and safety regulations has forced manufacturers to intensively conduct R&D activities, seeking to reduce product weight while increasing impact strength, wear resistance, fatigue resistance, abrasion resistance, and chemical resistance, and within a wide temperature range use.
The South American engineering plastics market provides sufficient growth opportunities for engineering plastics manufacturers. Currently, South America has welcomed a large number of overseas investments in various industries, including chemicals, construction, automotive, packaging and electronics, etc., or will promote the global engineering plastics market.
Some of the major players in the global engineering plastics market include BASF, Saudi Basic Industries, Evonik Industries, Solvay, DuPont, Celanese, LANXESS, Eastman Chemical, Mitsubishi Engineering Plastics, Arkema and LG Chemicals.