Engineering plastics still on the rise: Ceresana publishes the worldwide first complete market analysis

12-Sep-2013 - Germany

For several years now engineering plastics have been generating higher growth rates than standard plastics. Given their physical and chemical properties, many industrial, electrical, and electronic parts as well as everyday products are made from engineering plastics by now. Faced with an increasing demand for ever more efficient and lighter materials, this trend will continue to gather momentum. The market research institute Ceresana expects global market value of engineering plastics to increase to approx. US$ billion in 2020.

Ceresana has comprehensively analyzed the market for engineering plastics as a whole as well as in regard to individual products (ABS, PC, PA, PMMA, POM, PBT, SAN, fluoropolymers). The study offers data on demand, revenues, production, and trade for the entire market as well as on demand for and revenues generated with individual products. For the first time, this report covers all relevant data and facts regarding the market. With the processed information, producers, processors, and traders as well as all other market participants obtain the basis for their strategic and operational planning.

„On a global level, electrical and electronic applications as well as consumer goods are among the most important sales market for many engineering plastics. Almost 25% of global demand originates in each of these two sectors", explains Oliver Kutsch, CEO of Ceresana. Third largest market is the Transportation sector, followed by Construction. On a regional level, however, notable differences become apparent. In Western Europe, for example, Transportation is the largest sales market - Asia-Pacific, on the other hand, mainly utilizes engineering plastics in the production of consumer goods such as coffee machines, dishwashers, washing machines, toys, and sports utensils, processing almost 30% of regional demand in this sector. Also, individual products show distinct differences in regard to application areas. While Transportation accounts for 35% of polyamide (PA) consumption, household and consumer goods are the major application area for acrylonitrile butadiene styrene (ABS).

https://www.chemeurope.com/en/news/144899/engineering-plastics-still-on-the-rise-ceresana-publishes-the-worldwide-first-complete-market-analysis.html