Konstanz, Germany - For several years now, engineering plastics have been generating higher growth rates than standard plastics. Given their physical and chemical properties, many industrial, electrical and electronic parts, as well as everyday products, are made from engineering plastics by now.
Faced with an increasing demand for ever more efficient and lighter materials, this trend will continue to gather momentum. The market research institute Ceresana expects global market value of engineering plastics to increase through to 2020. It recently published Market Study: Engineering Plastics.
The study offers data on demand, revenues, production, and trade for the entire market as well as on demand for and revenues generated with individual products.
“On a global level, electrical and electronic applications as well as consumer goods are among the most important sales market for many engineering plastics. Almost 25% of global demand originates in each of these two sectors,” explains Oliver Kutsch, CEO of Ceresana. The third largest market is the transportation sector, followed by construction.
For more information, visit www.ceresana.com/en/market-studies/plastics/engineering-plastics/.