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The global engineering plastics market has huge growth potential

  • Categories:Industry news
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  • Time of issue:2013-11-19 02:13
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(Summary description)In addition, global PMMA plastic consumption in 2012 will be 1.7 million tons, and by 2018, it will continue to grow at an average annual growth rate of 3.6%

The global engineering plastics market has huge growth potential

(Summary description)In addition, global PMMA plastic consumption in 2012 will be 1.7 million tons, and by 2018, it will continue to grow at an average annual growth rate of 3.6%

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2013-11-19 02:13
  • Views:
Information

The market value of global engineering plastics will increase from $67 billion this year to about $113.7 billion in 2020, with a compound annual growth rate of 7.9%. Global demand for engineering plastics will increase from 19.6 million tons in 2012 to 29.1 million in 2020. Ton. Emerging regions such as Asia, South America, the Middle East and developing regions of Europe will be the main drivers of rapid growth in the engineering plastics industry. Automotive, electrical and electronic products, appliances, construction and infrastructure will become markets where engineering plastics have growth potential.

Paul, an analyst at American consulting firm IHS Chemical. Blanchard said that although engineering plastics have bright growth prospects in the automotive, electrical and electronics, and home appliance markets, factors such as raw materials and macroeconomic slowdown will hinder demand growth in the short term. At present, the overall capacity of engineering plastics is excessive, and its price has squeezed the industry's profits. In the short run, it is difficult for demand to resume growth. However, high oil prices and pressure to reduce carbon dioxide emissions have led automakers to continue to explore automotive lightweight technology measures, which has driven the growing demand for engineering plastics, which has made the automotive industry one of the major industries for engineering plastics growth. In addition, the electrical and electronics, home appliances, construction and other industries are also important areas for the growth of engineering plastics demand.

In terms of varieties, nylon 66 is the most widely used in automobile manufacturing. IHS Chemical predicts that by 2017, automakers' demand for nylon 66 will also maintain an average annual growth rate of 4%. Chad, Global Business Manager, INVISTA Engineering Plastics. According to Hill, polyamide materials are lighter in weight, lower in cost, and have more design and processing flexibility, while providing the necessary heat resistance and mechanical strength. Many metal engine parts are now being replaced by engineering plastics such as nylon 66.

Not only that, IHS Chemical expects that the demand for nylon 66 will be higher in other applications. For example, the annual growth rate of electrical and electronic application demand will be higher than 5%, and the demand for home appliance application will increase by 6%. With the growth of the class population, the demand for unattended electrical appliances such as household appliances and circuit breakers such as washing machines, refrigerators, etc. will continue to grow. These applications require the use of flame retardant or insulating materials, while nylon 66 can meet the requirements.

PBT resins are generally welcomed in the form of alloys. IHS Chemical said that in 2012, about half of the 800,000 tons of PBT resin entered the automotive industry. From 2012 to 2017, the average annual growth rate of pure PBT resin demand in the US auto industry may be only 1.5%. However, automakers are increasingly using PBT alloys compounded with other resins to open up new applications, such as signal lamp housings. Window lift mechanism, exterior door handles, etc.

IHS predicts that by 2017, the average annual growth rate of PBT in the United States and Western Europe will reach 3%-4%. At present, Asian demand has accounted for more than half of the global PBT supply, and will grow at a faster rate in the future. IHS Chemical expects that by 2017, the annual growth rate of PBT demand in Asia will be about 6%. The global PBT demand will continue to grow at an average annual growth rate of 5%.

Polycarbonate (PC) has great growth potential. Sam, vice president of PC sales at Bayer MaterialScience. Stewart said that the trend toward lightweight lighting and glass sunroof design to improve vehicle fuel efficiency is driving the increasing use of PC resins in automobiles. At present, the average usage of automotive PC resin in North America is 7.7-8.1 kg, which is about 2.8 kg higher than the level before the global economic recession in 2008.

Last year, in the United States, the automotive industry accounted for about a quarter of PC resin demand, the largest application market, followed by the construction industry. In Western Europe, the construction industry accounts for about a quarter of PC resin demand, followed by the automotive industry. The situation in China is different. Although China's auto industry consumed more PC resin than the US and Europe in 2012, it only accounted for 10% of China's total consumption, which is equivalent to home appliances/household goods and CD applications. The largest consumer segment of PC resins in China is the electronics and electrical industries, accounting for about one-third of total demand.

IHS Chemical expects that in 2012, the global consumption of PC resin will total 3.6 million tons. By 2017, it will continue to grow at an average annual growth rate of 4%. The growth rate of demand in Asia is about 5%, while the growth rate in North America and Europe is higher. slow.

In addition, global PMMA plastic consumption in 2012 will be 1.7 million tons, and by 2018, it will continue to grow at an average annual growth rate of 3.6%. As the largest variety of engineering plastics, ABS resin has a global demand of 7.1 million tons in 2012. It is expected to maintain an average annual growth rate of 3.4% by 2017. The ABS resin for the automotive industry will grow at an average annual rate of over 5%. 

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