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Eco-friendly and Versatile Engineering Polymers Nudge out Traditional Materials in the Mexican Automotive Industry, Finds Frost & Sullivan

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Eco-friendly and Versatile Engineering Polymers Nudge out Traditional Materials in the Mexican Automotive Industry, Finds Frost & Sullivan PR Newswire MEXICO CITY, June 5, 2012 - Product differentiation critical to stave off the challenge from low- cost Asian imports MEXICO CITY, June 5, 2012 /PRNewswire/ -- Engineering polymers, with their ability to improve performance, safety and offer eco-friendly solutions, are finding rapid uptake in the Mexican automotive industry. The polymers' light weight enhances motor performance, which in turn reduces gas consumption and environmental degradation, while increasing the vehicle's resistance. Their cost efficiency, versatility and breadth of applications are helping them gradually edge out the competition from traditional materials such as metal and glass. New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Mexican Market for Engineering Polymers in the Automotive Industry, finds that the market earned revenues of over $757.5 million in 2011 and estimates this to reach $1.31 billion in 2017 with a compound annual growth rate (CAGR) of 9.6 percent. The following markets are examined within this research: acrylonitrile butadiene styrene (ABS), polyamides (PA), polycarbonate (PC), polyoxymethylate (POM), and polybutylene terephtalate (PBT). If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.
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Eco-friendly and Versatile Engineering
Polymers Nudge out Traditional Materials in the
Mexican Automotive Industry, Finds Frost &
Sullivan
PR Newswire
MEXICO CITY, June 5, 2012
- Product differentiation critical to stave off the challenge from low-
cost Asian imports
MEXICO CITY
,
June 5, 2012
/PRNewswire/ -- Engineering polymers, with their
ability to improve performance, safety and offer eco-friendly solutions, are
finding rapid uptake in the Mexican automotive industry. The polymers' light
weight enhances motor performance, which in turn reduces gas consumption
and environmental degradation, while increasing the vehicle's resistance. Their
cost efficiency, versatility and breadth of applications are helping them
gradually edge out the competition from traditional materials such as metal
and glass.
New analysis from Frost & Sullivan (http://www.chemicals.frost.com),
Mexican
Market for Engineering Polymers in the Automotive Industry
, finds that
the market earned revenues of over
$757.5 million
in 2011 and estimates this
to reach
$1.31 billion
in 2017 with a compound annual growth rate (CAGR) of
9.6 percent. The following markets are examined within this research:
acrylonitrile butadiene styrene (ABS), polyamides (PA), polycarbonate (PC),
polyoxymethylate (POM), and polybutylene terephtalate (PBT).
If you are interested in more information on this research, please send an
email to Jeannette Garcia, Corporate Communications, at
jeannette.garcia@frost.com, with your full name, company name, job title,
telephone number, company email address, company website, city, state and
country.
"While PC and PA are the most common engineering polymer replacements for
metal and glass, POM is an effective alternative for metals that have a lot of
wear, just as PBT is for electrical components," said Frost & Sullivan Research
Analyst Agustina Zarich. "ABS frequently replaces commodity plastics because
of its lower price and greater performance properties."
Due to its proximity to the American market, the free trade agreement
between both countries, and low labor costs,
Mexico
has become a favored
investment destination within the automotive industry.
Despite the market's potential, the lack of technical preparation by the Mexican
transformation sector limits the development of new engineering polymers
applications. This in turn can lead to incorrect handling of these polymers.
The market will also be affected by the rise in energy and raw material costs.
The oil market's supplies are expected to suffer in 2012, and the tightness in
the supply will increase oil prices.
Furthermore, the market is feeling the pressure from low-cost Asian
competitors, as they have larger scale production units, making their costs
much lower than those in
Mexico
. Asian products pose the biggest threat within