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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