Global Engineering Plastics Market Warmer

According to the latest research report released by Fuji-Keizai, the Japanese industrial research organization, â€œEngineering Plastics Market Outlook and Global Economyâ€, supported by the recovery of demand for automobiles and electrical and electronic products, global engineering plastics demand has begun to recover since the end of 2009. Global engineering this year The value of the plastics market will increase by 10.1% over the previous year, from US$54.7 billion to US$60.2 billion, and the average annual growth rate of demand after 2011 will exceed 5%.
In terms of market demand, the global demand for engineering plastics will increase from 8.13 million tons last year to 8.79 million tons, an increase of 8.1%. It is predicted that global demand for engineering plastics will increase by 40.6% in 2015 to 11.43 million tons; the market value will increase by 44% to 79 billion US dollars. Due to the global economic recession, global engineering plastics demand decreased by 8.5% in 2008 compared with 2008, market value decreased by 10.8%, and ABS, polycarbonate (PC) and nylon general-purpose engineering plastics accounted for more than 70% of total demand in 2009 Demand decreased by 15.5%.
According to the report, the market growth in developed regions such as Europe, America and Japan will be very limited this year, but in the major markets of the automotive and electronic products industry, especially in emerging markets, due to environmentally friendly products such as hybrid vehicles, electric vehicles, solar cells, and light emitting diodes ( Demand for LEDs continued to grow rapidly, and demand for engineering plastics grew at a faster rate. The increase is expected to reach more than 5%.
The report also pointed out that due to the demand for automotive, medical and construction products, the projected demand for the fastest growing engineering plastics is PC resin. Super engineering plastics have high heat resistance and are widely used in the electrical components of hybrid cars and electric vehicles, and demand will grow strongly. In addition, as the electronic component industry begins to recover, the demand for liquid crystal polymers will also resume growth. Polymethyl methacrylate (PMMA) demand and market value were reduced by 16% and 24.2%, respectively, in 2009, but due to the rapid development of new generation of ultra-flat-panel TV backlighting light guides, the demand for optical grade PMMA remains strong and leads to The price has soared.

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