Engineering Resins Market to Achieve Good Growth Rates

Keys to Growth: Reducing Part Costs, Sustaining Quality

Wellesley Hills, Massachusetts, UNITED STATES


Wellesley, Mass, May 01, 2017 (GLOBE NEWSWIRE) -- New proprietary research by BCC Research reveals that the engineering plastics industry is undergoing structural changes and shifts in focus within its various markets due to a combination of factors, including a growing number of global players, fluctuating raw material costs, a maturing customer base, and in some instances, competition from upgraded commodity resins.

BCC Research's Engineering Resins, Polymer Alloys and Blends anticipates the global engineering resin and polymer alloy/blend market to total over 27.9 billion pounds and nearly 36.9 billion pounds in 2017 and 2022, respectively, demonstrating 5.7% CAGR.

Research Highlights

  • Asia-Pacific, the largest regional segment, should increase its market share by 2% by 2022.
  • Polycarbonate, the largest segment by volume, is estimated to grow at a 6.3% CAGR
  • Polycarbonates and polyamides should account for 65% of the total market by 2022.

"A growing number of suppliers are forming alliances with other companies in terms of vertical arrangements with end-users, especially in developing new applications in the automotive and electrical/electronic sectors," says Kevin Fitzgerald, BCC Research editorial director. "Large-end users are also pushing for strong technical assistance from suppliers."

Commodity, Engineering Resins: Competitive Threats to Metal and Glass

Engineering polymers continue to replace metals, but long lead times from design to production translate into a lengthy process for engineering polymer displacement of metals and glass.

"The issue isn't merely an engineering polymer versus metal or glass scenario. It also includes competition from other traditional, often lower-costing, upgraded commodity type resins," Fitzgerald notes. "In some cases, mature engineering polymers like polyamide are becoming more vulnerable to upgraded commodity thermoplastics like polypropylene. Polycarbonates are among the key engineering polymers becoming vulnerable to replacement by advanced styrenics. They've always battled with acrylics in many transparent applications."

 

About BCC Research

BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.


        

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