Research and Development Prospect of China's Engineering Plastics Industry, 2013-2017" which mainly analyzes the market scale, competition, import, business performance of major enterprises, as well as the forecast of the industry development, which can provide enterprises and investors with decision-making reference.
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In recent years, engineering plastic
has become the fastest-growing type in the plastics industry; the domestic
annual consumption volume growth has reached more than 20%. With the sustained
economic development, the engineering plastics are widely used in electrical
and electronic, automobile, construction, office facilities and other
industries; "plastics instead of steel" and "plastics instead of
wood" have become the international trend.
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As of H1 of 2012, there were more
than 1,500 engineering plastics producers in China. The regional distribution
of these enterprises is unbalanced; at present, China's main engineering
plastics production bases are mainly concentrated in Jiangsu, Shanghai, Henan
and Zhejiang, of which, the representative enterprises are Bluestar Chemical,
Yuntianhua Group (600096), Shenma Group and Kingfa Scientific and Technological
Co., Ltd. (600143). The production bases of modified engineering plastics are
mainly concentrated in Guangdong Province.
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In 2012, the engineering plastics
consumption volume in China was about 2.995 million tons, increased by 10.5%
over 2011. Huidian Research predicts that the engineering plastics demand
volume is likely to continue to maintain the growth rate of more than 10% in
the next three to five years. It is estimated that China's engineering plastics
consumption volume will reach 3.37 million tons in 2013, and this number will
exceed 4 million and 5 million in 2015 and 2017 respectively.
Related Report:
Global Engineering Plastics Market 2012-2016: http://www.marketresearchreports.biz/analysis/156751
TechNavio's analysts forecast the Global Engineering Plastics market to
reach US$69.12 billion by 2016. One of the key factors contributing to
this market growth is the increasing demand for lightweight products.
The Global Engineering Plastics market has also been witnessing an
increasing number of mergers and acquisitions. However, the need to
comply with government regulations and guidelines could pose a challenge
to the growth of this market.
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