Engineering Plastics Market worth $76,823.4 Million by 2017

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MarketsandMarkets Presents
Engineering Plastics Market worth 76,823.4
Million by 2017
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gineering-plastics-market-687.html
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The report Global Engineering Plastics Market
Analysis by Product Types, Applications
Geography - Trends Forecasts (2012 - 2017),
defines and segments the global engineering
plastics market with analysis and forecasting of
the global volumes and revenues for engineering
plastics. It also identifies driving and
restraining factors for the global engineering
plastics market with analysis of trends,
opportunities, winning imperatives, and
challenges. The market is segmented and revenues
are forecasted on the basis of major regions such
as North America, Europe, Asia-Pacific, and Rest
of the World (ROW). The key countries are covered
and forecasted for each geography. Further,
market is segmented and revenues are forecasted
on the basis of applications and product
types. Browse more than 100 market data
tables/figures spread through 340 pages and
in-depth TOC on Global Engineering Plastics
Market Analysis by Product Types, Applications
Geography - Trends Forecasts (2012 - 2017).
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report.
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The market for engineering plastics is being
driven by the expansion of existing application
markets and emergence of new markets. Engineering
Plastics possess superior mechanical, chemical,
and thermal properties along with light weight
and high strength characteristics that allow
these plastics to replace metals and glass in
many applications. Engineering plastics offers
dimensional stability with high impact,
temperature, flame, and moisture resistance. The
presence of such diverse properties makes them
suitable for use in myriad and diverse
applications. The applications for engineering
plastics ranges from automotives and electrical
and electronic components to medical,
construction, industrial and consumer appliances.
Automotive and transportation industry is the
largest end use application for engineering
plastics. The growing trend towards lower vehicle
weight, lower emissions and enhanced fuel
efficiency is expected to drive the consumption
growth of engineering plastics in the automotive
and transportation industry. The high sales
growth of the passenger cars in emerging markets
such as China and India is also expected to boost
the market. Electrical and electronics is the
second largest application for engineering
plastics where they are increasingly being used
in LV switchgear, mini circuit breakers or
residual circuit devices electrical installation,
lighting such as lamp fitting, ESL lamp base,
luminaries and connectors etc.
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The global market for engineering plastics in
terms of revenue was estimated to be worth
45,232.2 million in 2011 and is expected to
reach 76,823.4 million by 2017, growing at a
CAGR of 9.1 from 2012 to 2017. Asia-Pacific
dominates the global engineering plastics market,
accounting for 38.3 of the overall market in
2011. The growth in the Asia-Pacific market is
expected to be fuelled by countries such as China
and India.
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