Engineering plastics industry in Asia Pacific region has registered revenues worth USD ~ million during 2013, which has grown by 12.7% from USD ~ million in 2012. The revenues of the overall engineering plastics industry has been led by China, which has contributed USD ~ million revenues in the total proceeds during 2013. However, the maximum growth in revenues was registered by India, witnessing a CAGR of 25% during the period 2008-2013. This has been resulted owing to growth in the number of players, enhancement in production capacity, substantial surge in demand from end user industries and growing awareness for substitution towards engineering plastics products from metals. Owing to this and various other factors, revenues of the engineering plastics industry in the Asia Pacific region countries are expected to register a strong growth in the next few years.
Asia Pacific Engineering Plastics Market is likely to Reach USD 385 Billion by 2018: Ken Research
Engineering plastics industry in Asia Pacific region has showcased a substantial growth during the period 2008-2013, owing to growth in the number of players, enhancement in production capacity, substantial surge in demand from end user industries and growing awareness for substitution towards engineering plastics products from metals. Owing to this and various other factors, revenues of the engineering plastics industry in the Asia Pacific region countries are expected to register a strong growth in the next few years. The revenues of the engineering plastics industry in the Asia Pacific region are expected to grow from USD ~ million in 2014 to ~ million during 2018. This market is envisaged to apprehend at a considerable CAGR growth rate of 13.8% during the period 2013-2018.
In more developed markets of the Asia-Pacific region, including countries such as Japan, South Korea and China, the offerings from the market players are expected to be diverse, focused mainly on customized demands. Additionally, the market is predicted to witness expansion in terms of the newer forms of engineering plastics resins, coupled with the development of their newer applications in end user industries.
According to the research report “Asia Pacific Engineering Plastics Industry Outlook to 2018- Growing Economy and Emergence of Global Players to Intensify the Demand” by Ken Research, the Asia Pacific engineering plastics market is predicted to witness expansion in terms of the newer forms of engineering plastics resins, coupled with the development of their newer applications in end user industries.
According to Research Analyst, the engineering plastics market in the Asia Pacific region is poised to grow at a vibrant growth rate in the coming years, which is expected to be guided through swift expansion in demand from end user industries, further supported by entry of global players into the market.
The report titled “Asia Pacific Engineering Plastics Market Outlook to 2018- Growing Economy and Emergence of Global Players to Intensify the Demand” provides detailed overview on the Engineering Plastics Market of India and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in the coming years. The report will help industry consultants, automotive manufacturers and electrical and electronics manufacturers, plastics manufacturers, chemical manufacturers, and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.