MarketsandMarkets: Global Engineering Plastics Market Worth $76,823.4 Million by 2017

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• Publié par: marketsandmarkets
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• Langue: English

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MarketsandMarkets: Global Engineering

Plastics Market Worth $76,823.4 Million by

2017

PR Newswire

DALLAS, June 27, 2012

DALLAS

,

June 27, 2012

/PRNewswire/ --

The report

"Global Engineering Plastics Market Analysis by Product

Types, Applications & Geography - Trends & Forecasts (2012 - 2017)"

published by MarketsandMarkets (http://www.marketsandmarkets.com),

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)".

http://www.marketsandmarkets.com/Market-Reports/engineering-plastics-

market-687.html

Early buyers will receive 10% customization on reports.

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.

The global

engineering plastics market

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

.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based

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