Mar 11 2008
Report Predicts Engineered Plastics Consumption to Exceed 18 Million Tons by 2010
Asia-Pacific, Europe and the United Sates are the major markets for Engineered Plastics. With an estimated consumption of 6.55 million metric tons in 2007, Asia-Pacific represents the largest market. The region is also poised to post the fastest annual growth rate of 10.7% in terms of volume sales over the years 2001 through 2010. Impressive demand in the Chinese and Indian markets is expected to aid this robust growth. Sales of engineered plastics in Europe totaled an estimated 3 million metric tons in 2006 and are projected to grow at a CAGR of 4.66% over the years 2001 through 2010. Acrylonitrile-Butadiene-Styrene (ABS), polycarbonate, and nylon are the leading segments of engineered plastics in 2007, constituting more than three-fourths of total market.
Key players listed in the report include BASF Aktiengesellschaft, Bayer, Chi Mei Corporation, Dow Chemical, DuPont, Eastman Chemical Company, Evonik Degussa GmbH, LG Chem, Polyplastics Co., Royal DSM NV, SABIC, TICONA Engineering Polymers, Teijin, Toray Industries Inc, and Wintech Polymer Ltd.
"Engineered Plastics: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as the Asia-Pacific, United States and Europe, alongside up and coming markets such as Middle East and Latin America.
The report provides a comprehensive review of market trends and issues, drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities. Market size estimates and projections are presented in terms of annual sales in tons over the years 2001 through 2010. Long-term projections are provided for the period 2011-2015. Product groups independently analyzed include Polycarbonate, Acrylonitrile-Butadiene-Styrene (ABS), Polyacetal, Nylon, Thermoplastic Polyesters (PBT/PET), and Others Markets. End-use sectors analyzed include Automotive, Electrical and Electronics, Appliances, and Miscellaneous sectors.
Posted March 11th,2008