Transparency Market Research Report Added "Engineering Plastics Market" to its database.
Albany, NY -- (SBWIRE) -- 06/09/2015 -- Plastic materials having greater set of mechanical and thermal properties than that of commodity plastic materials are generally known as engineering plastics. These materials exhibit special properties such as higher impact strength, high abrasion, wear and fatigue resistance, chemical resistance and wide service temperature range based on the material. Engineering plastics are expensive and are manufactured for special purpose applications. Engineering plastics are usually thermoplastic materials. Hence these materials can be easily processed with conventional plastic processing machinery.
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Engineering plastics include poly-oxymethylene plastic (POM), poly-tetrafluoroethylene (PTFE), poly-phenylene sulfide (PPS), polyamides (PA), Acrylonitrile-butadiene styrene (ABS), poly-carbonates (PC), poly-butylene terephthalate (PBT), poly-etheretherketone (PEEK), poly-ethylene terephthalate (PET), poly(p-phenylene) oxide (PPO), poly-sulphone (PSU), poly-etherketone (PEK) and polyimides. As a result of wide range of properties, engineering plastics have a diverse range of applications in automotives, electrical, electronics, packaging, medical, construction, consumer appliances, transportation and other industrial segments. Asia Pacific is most dominating market for engineering plastics; however Europe, North America and RoW are other geographic market segments.
One of the major driving factors for this industry is growth of the automotive industry. Because of its somewhat similar properties to metals and light weight, these materials have been rapidly replacing some metal components in automotive as well as industrial machineries and help in weight reduction. Growth in demand of electronics and electrical appliances has been another driving factor. However, the higher cost of these materials may restrict the market for engineering plastics. Use of engineering plastics in aerospace industry for spaceship building could be one of the future trends.
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BASF SE, Bayer Materialscience, Chi Mei Corporation, TICONA Engineering Polymers, Teijin Limited, SABIC Innovative Plastics US LLC., Eastman Chemical Company, Royal DSM NV, Wintech Polymer Ltd. and Evonik Degussa GmbH are some of the key manufacturer for engineering plastics.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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