Growth in the US engineering plastics market will total 2.6% annually through 2019 in volume terms. Advances will be driven by performance advantages of engineering resins over commodity plastics and other materials. Trends toward weight reduction in motor vehicles to meet fuel efficiency standards will also boost sales.
This report segments the Engineering Plastics industry by Resin and Market. Data is provided in million pounds and million US dollars.
Nylon will remain the largest of these through 2019. Fastest growth will be for fluoropolymers, driven by opportunities in applications such as lithium-ion batteries, solar panels, and wire & cable.
Major Engineering Plastics Markets include:
Electrical & Electronic
Medical & Consumer
Motor Vehicles was the leading outlet in 2014. The most rapid gains through 2019 are forecast for the construction market, fueled by a strong rebound in building construction activity.
The US engineering plastics industry is highly concentrated, reflecting the significant financial commitment required to attain competitive economies of scale and development of proprietary technologies. Major suppliers include Arkema, Ascend Performance Materials, BASF, Bayer, Celanese, DuPont, Honeywell, INEOS, SABIC, and Solvay.