APAC Engineering Plastics Market Discussed by Ken Research in In-demand Report Available at MarketPublishers.com19 May 2015 • by Natalie Aster
LONDON – The APAC engineering plastics industry has grown at a CAGR of 12.5% in terms of value during 2008-2013; and the industry revenues are expected to increase more through to 2018. In more developed markets across the region, including nations like Japan, China and South Korea, the market players’ offerings are likely to be diverse, with a specific focus on customised demands. In addition, the sector is projected to witness growth regarding the newer types of engineering plastics resins, alongside the continuous development of their applications in end-use sectors.
In China, engineering plastics have been one of the key sectors which have grown at a fast pace over the past few years, specifically since 2005. The overall market revenue generated by the domestic industry increased at a CAGR of just over 13.5% during 2008-2013. The polyethylene terephthalate (PET) thermoplastic resins sector commanded the lion’s share in the overall industry revenue during 2013. The national engineering plastics market is forecast to reach a value of USD 242 billion by 2018. Japan’s engineering plastic market is set to grow at 1.7% CAGR through 2018, underpinned by surging growth of end-use industries mainly automobile and electrical and electronics equipment industries. The Indian engineering plastics sector has enhanced at a 25% CAGR during 2009-2014. The market revenues are expected to stand at USD 5 billion by 2019.
In-demand study “Asia Pacific Engineering Plastics Market Outlook to 2018 - Growing Economy and Emergence of Global Players to Intensify the Demand” prepared by Ken Research provides an in-depth analysis of the APAC engineering plastics industry. The report offers detailed insights into the market size in value terms, market segmentation by geography alongside product-wise segmentation by leading countries. It presents an investigation of major market drivers and hindrances, latest trends and developments, regulatory framework, and the future outlook of the region’s engineering plastics industry. The research publication also contains a detailed discussion of the top and emerging geographic markets including China, Japan, India, Taiwan and South Korea.
Asia Pacific Engineering Plastics Market Outlook to 2018 - Growing Economy and Emergence of Global Players to Intensify the Demand
Published: January, 2015
Price: US$ 1,800.00
More reports by the publisher can be found at Ken Research page.