Press Release Summary = US demand to reach 5.4 billion pounds in 2010
US demand for engineering plastics is projected to grow 3.5 percent per year to 5.4 billion pounds in 2010, a marked improvement over the five year period from 2000 to 2005
Press Release Body = Engineering Plastics forecasts to 2010 & 2015
US demand to reach 5.4 billion pounds in 2010
US demand for engineering plastics is projected to grow 3.5 percent per year to 5.4 billion pounds in 2010, a marked improvement over the five year period from 2000 to 2005. The turnaround will be driven by a resurgent electrical and electronics market and increased motor vehicle production, the two largest outlets for engineering resins. Advances will also benefit from the continued drive to replace metal and other materials with lightweight, cost-effective, high performance plastics. However, gains for engineering plastics will be tempered by increasing market maturity and competition with lower-cost resins such as polypropylene.
PC, specialty resins offer best growth prospects
Polycarbonate (PC) and polyesters will offer the best growth prospects among higher-volume resins. PC demand will be fueled by solid gains in business machine, medical product and construction applications; as well as the increasing use of PC in blends with other plastics. Polyester resins will benefit from expanding opportunities in motor vehicles and electronic components. The largest engineering plastic by volume, ABS, is expected to grow at a much slower rate, however. ABS demand will suffer from competition from polypropylene in lowend applications and other engineering resins in more demanding markets. On the whole, demand for smaller-volume specialty engineering resins will advance at a substantially faster pace than their large-volume counterparts. Polyphenylene sulfide, polysulfones and polyimides will lead gains, driven by increasing use in high-temperature applications such as electrical connectors and under-the-hood motor vehicle parts. Fluoropolymers will also see growing opportunities in wire and cable coatings and industrial components.
Electrical and electronic markets to grow fastest and maintain dominance
Electrical and electronic products and motor vehicles were the dominant markets for engineering plastics in 2005, combining to account for 60 percent of total demand. Electrical and electronic markets will see the fastest growth, driven by increasing shipments of business machines and other electronic equipment, although slower advances in appliances and optical media will temper gains. Above-average growth for engineering plastics is also expected in consumer markets, especially medical products, and construction applications. While demand in motor vehicle markets will advance more slowly, the use of engineering resins on a per-vehicle basis will grow by nearly twelve pounds through 2010.
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