Summary
China Engineering Plastics Market Segmented by Product, Application and Geography( 2017-2022). The market is segmented by product types( Fluoropolymers, Polyacetal / Polyoxymethylene, Polyamides, Polycarbonates, Polymethyl Methacrylate( PMMA), Polyphenylene Oxide( PPO / PPE Blends), Polyphenylene Sulfide( PPS), Styrene Copolymers( ABS & SAN), Thermoplastic Polyesters( PET & PBT) and Other engineering plastics), by their application( Automotive & Transportation, building & construction, consumer goods & appliances, electrical & electronics, industrial & machinery and packaging) and by their geography( North America, Asia-Pacific, Europe, Middle East & Africa and South America).
Description
Accounting for an estimated share of over 42 % in 2015, China has the largest market for engineering plastics in the entire region of Asia-Pacific, with the prospect of posting the fastest CAGR of about 12 % between 2015 and 2020. By product means, demand for styrene copolymers( ABS & SAN) is the largest; it is also the fastest growing in the same prospect. Interestingly, while consumer goods & appliances make up for the largest share of engineering plastics consumption in China, demand growth for the same is likely to be fastest for automotive & transportation and building & construction applications.
The augmented demand for light-weight, flexible and durable materials has enabled the penetration of engineering plastics into sectors that were earlier, left unexplored or assumed to be impractical. These include the automotive & transportation, building & construction, consumer goods & appliances, electrical & electronics, industrial machinery and packaging, among others. In these industries, engineering plastics are being increasingly utilized as substitutes for conventional materials, such as metal and wood.
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In terms of product, demand for styrene copolymers( ABS & SAN) is the largest while, on the application front, consumer goods & appliances have the highest number of end-users. Asia-Pacific constitutes the largest, as well as, the fastest growing global market for engineering plastics. However, the developed markets of North America and Europe are likely to exhibit slower growth over the analysis period. Automotive & transportation and building construction are two of the more promising application areas for engineering plastics. The market is segmented by product types( Fluoropolymers, Polyacetal / Polyoxymethylene, Polyamides, Polycarbonates, Polymethyl Methacrylate( PMMA), Polyphenylene Oxide( PPO / PPE Blends), Polyphenylene Sulfide( PPS), Styrene Copolymers( ABS & SAN), Thermoplastic Polyesters( PET & PBT) and Other engineering plastics), by their application( Automotive & Transportation, building & construction, consumer goods & appliances, electrical & electronics, industrial & machinery and packaging) and by their geography( North America, Asia-Pacific, Europe, Middle East & Africa and South America). The prime players in this market are BASF SE, Bayer Material Science, Poly Plastic Co. Ltd, Mitsubishi Engineering Plastic Corporation.
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