Dallas, TX -- (ReleaseWire) -- 02/25/2014 -- The report “Global Engineering Plastics Market Analysis by Product Types, Applications & Geography - Trends & Forecasts (2012 - 2017)” published by MarketsandMarkets, defines and segments the global engineering plastics market with analysis and forecasting of the global volumes and revenues for engineering plastics. It also identifies driving and restraining factors for the global engineering plastics market with analysis of trends, opportunities, winning imperatives, and challenges. The market is segmented and revenues are forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The key countries are covered and forecasted for each geography. Further, market is segmented and revenues are forecasted on the basis of applications and product types.
Browse more than 100 market data tables/figures spread through 340 pages and in-depth TOC on “Global Engineering Plastics Market - Trends & Forecasts (2012 - 2017)”. http://www.marketsandmarkets.com/Market-Reports/engineering-plastics-market-687.html
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The CMFE practice at MarketsandMarkets is pleased to announce its Analyst Briefing Presentation on the “Global Engineering Plastics Market Analysis By Applications, Product Types, and Geography - Trends and forecasts (2012 – 2017)” to be held on July 11, 2012. The briefing will cover an overview of drivers and opportunities present in the market. It will also cover the factors limiting the growth of global engineering plastics market.
Engineering plastics are materials that exhibit superior properties such as mechanical strength, heat and chemical resistance, etc. when compared to commodity plastics. The superior properties of engineering plastics make it an effective product and enable their use across a wide range of industrial and consumer applications. Engineering plastics are widely used in applications such as electrical and electronics, automotive, industrial, appliances, packaging and so on.
Automotive and transportation is the largest outlet for engineering plastics, followed by electrical and electronics, and industrial and machinery. In recent years, the consumption of engineering plastics in automotive and transportation has shown tremendous growth owing to its continuously increasing usage in the production of light vehicle applications, and for structural and glazing window applications.
ABS is expected to be the largest volume engineering plastic in the forecasted period whereas polycarbonates and nylon are expected to be the fastest growing types. The ABS market is expected to grow at a sluggish rate as it continuously faces stiff competition from commodity resins such as polypropylene, polystyrene and high density polyethylene and also suffers from market maturity. The smaller volume engineering plastics such as polysulfone, PPS, PPE, PEEK, etc. are expected to grow at a rapid pace being driven by increasing usage in automotives, electrical and electronics, and high temperature applications.
With the huge market potential and the growing demand, the global engineering plastics market is likely to witness considerable growth. The continued research and development in the field of engineering plastics is expected to provide new and interesting advancements in the emergence of new applications and expansion of existing applications for engineering plastics.
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