Market Trends and Development in China Engineering Plastics Market 2014-2018

PITAMPURA, India - Jan. 16, 2015 - PRLog -- ·         Future Growth of China Engineering Plastics Industry is expected to be led by PET and Polycarbonate engineering plastics resin.

·         The global players operating under the industry are expected to maintain focus on enhancing production capacity to compete with other players in the industry

Ken Research announced its latest publication on “China Engineering Plastics Market Outlook to 2018- Surging Growth Owing to Emergence of Global Players” which provides a comprehensive analysis of various aspects such as market size, segmentation and future projections of the PET resin, ABS resin, Polycarbonate, Polyacetal and others which are the key segments of the market. The report also covers major end user industries for each engineering plastics product. This report also offers prevalent trends and developments in China Engineering Plastics Industry, Government regulations, SWOT analysis, and entry barriers operating into the Industry. The report also covers the competitive landscape of the Industry along with the market share of the major players for all the products in China engineering plastics industry. It also includes information on the major macroeconomic indicators affecting the market and future outlook of the engineering plastics industry of China including analyst’s take on the industry.

On the basis of products, during the period 2008-2013, PET was the largest segment which dominated the entire engineering plastics market of China. The segment had contributed 52% to the overall market revenue during 2013. The segment is expected continue to dominate the overall market since China is the largest consumer of packaged foods of which PET has its most of the applications. PBT consumption is increasing at a substantial rate but polycarbonate is still consumed the most, making up about 50% of the total engineering plastics consumed. This growth was led by its use in construction, water bottles, food manufacturing, telephones and computer housings. ABS segment, conversely, was the second largest market of China engineering plastic industry, owing to vast applications in automotive, electrical and electronics segment which escalated at a considerable growth rate.  Polyacetal was the smallest segment of the engineering plastics market in China, which contributed just ~% of the overall revenue during 2013. This insignificant contribution resulted on account of heavy dependence on imports, coupled with lower development of Polyacetal applications in China. In the coming years, the Polyacetal resin market is expected to grow at a double digit CAGR during the period 2014-2018, with revenue reaching USD 900 million by 2018.

“With the rapid growth in China’s manufacturing industry, chemicals industry as well as plastics industry, more applications and higher consumption of plastics has been attained over the last couple of years. Polycarbonate Engineering plastics, in particular have become the fastest growing plastics resin products owing to their outstanding performance and considerable surge in demand from end user industries ‘’ according to the Research Analyst, Ken Research

Key Topics Covered in the Report:

China Engineering Plastics Market

-          Market Size by Value

-          Market Segmentation by

o   Types of Products

o   By End User Industries

-          Trends and Development

-          SWOT Analysis

-          Government Regulations

-          Entry Barriers

-          Competitive Landscape

-          Future Outlook and Analyst’s Take on the Future Recommendations

-          Macro Economic Parameter

Key Products Mentioned in the Report

-          Polyethylene Terephthalate (PET)

-          ABS

-          Polyacetal

-          Polycarbonate

Companies Covered in the Report

-          Kingfa Science and Technology Limited

-          Formosa ABS plastics

-          Kingfa Scientific and Technological Company

-          Shenma Group

-          China Blue Star Chemical

-          LG Chemical

-          Shanghai Blue Star

-          Mitsubishi Engineering Plastics Corporation

-          Bayer Material Science

-          Kingfa Science and Technology Limited

Related Reports:

https://www.kenresearch.com/chemicals-materials/polymers/india-engineering-plastics-market-research-report/599-101.html

https://www.kenresearch.com/chemicals-materials/polymers/japan-engineering-plastic-market-research-report/600-101.html

Source: https://www.kenresearch.com/chemicals-materials/polymers/china-engineering-plastics-market-research-report/613-101.html