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

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• Publié par: frost-sullivan
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• Langue: English

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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

[e-mail], 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