Engineering plastics still on the rise

For several years 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 Study: Engineering Plastics” by 
Ceresana expects global market value of engineering plastics to rise to approximately 90 billion dollars in 2020 (67 billion euro). The research has comprehensively analyzed the market for engineering plastics as a whole as well as for individual types (ABS, PC, PA, PMMA, POM, PBT, SAN, fluoropolymers). The research examines the 19 largest countries: Belgium, France, Germany, Italy, the Netherlands, Spain, the United Kingdom, Poland, Russia, Turkey, Canada, Mexico, the USA, Brazil, China, India, Japan, South Korean, and Taiwan.

Regional and product-specific differences
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. 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 consumers of acrylonitrile butadiene styrene (ABS).

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