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India Engineering Plastics Market Outlook to FY’2019 - Rising ABS and San Segment to Drive the Future Growth provides a comprehensive analysis of the of the various aspects such as market size, segmentation and future projections of the PET resin, Polyamide resin, ABS resin, Polyacetal resin, Polycarbonate, SAN and others that has been taken as key segments of the market. This report also offers prevalent trends and developments in India Engineering Plastics Industry, government regulations, SWOT analysis, and entry barriers operating into the Industry. The report also covers competitive landscape of the major players operating in the industry along with the market share of the major players in PET resin, Polyamide resin, ABS resin, Polyacetal resin, Polycarbonate, SAN segments. It also includes information on the major macroeconomic indicators affecting the market and future outlook of the engineering plastics industry of India including analyst’s take on the industry. Additionally, the report also offers information on market entry and regarding the investment which is required to set up engineering plastics plant in India. Engineering plastics have gradually replaced traditional engineering materials such as wood or metal in many applications. In the midst of unique properties such as lower weight and higher strength, engineering plastics are much easier to manufacture, especially in complicated shapes. Hence, the engineering plastics industry of India has substantial growth potential in the country, since untapped opportunities still exist for metal replacement in cars, trucks, consumer appliances as well as in other applications. Furthermore, the growth in Asian economies is likely to be driven by increasing usage of engineering plastics in segments including electrical & electronics segment, automotive and construction sector. Engineering plastics are superior to general-purpose plastics in terms of heat resistance, transparency and mechanical features. ABS is the second largest engineering plastic segment in India, owing to its widespread applications in automotive industry, which has been growing at a very rapid pace. The global demand for ABS and SAN resin is about 18 million tonnes as recorded during FY’2010. Engineering plastic industry in India has been primarily dominated by the Polyethylene Terephthalate (PET) thermoplastic resin, which commanded a major share of ~% in the overall revenues of the engineering plastic industry during FY’2014. In terms of market revenues, ABS plastic resin was the second largest market of the engineering plastic industry in India which contributed a share of ~%, during FY’2014. The product finds extensive usage in the automotive sector, which has significantly grown over the last couple of years, determined by the surge in personal disposable incomes as well as busier lifestyles. Over the years, automotive and transportation applications industry has realized the importance of engineering plastics over metals due to massive reduction in vehicle weight, supplemented with lower production costs. This has enhanced the usage of engineering plastics in the automotive industry, which accounted for a share of ~% during FY’2014, with revenues share being witnessed at USD ~ million. The competition in the engineering plastic market has been largely captured by few major players such as DSM engineering plastics, BASF India, Bhansali Engineering Polymers, Styrolution India and several others. These players have commanded a sizeable market share in the overall engineering plastic market, despite of having a number of SMEs operating under this business. The engineering plastic market revenues in the future are expected to augment at the CAGR of 21.7% during FY’2014-FY’2019, reaching revenue worth USD ~ million in FY’2019. Polyethylene Terephthalate (PET) segment is likely to sustain its dominance in India’s engineering plastic market space during the period FY’2015-FY’2019. Source: India Engineering Plastics Market Research Report to 2019 Contact: Ken Research Ankur Gupta, Head Marketing & Communications info@kenresearch.com +91-1147017199
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India Engineering Plastic Report, India Engineering Plastic Market, India Engineering Plastic Revenue, India Engineering Plastic Resin, PET Engineerin,
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