Description
China Engineering Plastics (PBT, PA6 & PA66) Market Overview
Product Overview
Engineering plastics are a category of plastic materials with stronger mechanical and thermal properties than standard plastics such as polystyrene, PVC, polypropylene and polyethylene, which are more commonly used.
Since engineering plastics are more costly, they are manufactured in lower amounts and appear to be used for smaller objects or low volume applications such as mechanical components, rather than for bulk and the high volume ends such as containers and packing. Typically, the term refers to thermoplastic materials instead of thermosetting ones.
Market Highlights
China Engineering Plastics (PBT, PA6 & PA66) Market size was registered at USD XX billion in 2019, and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. Compared to other elements such as metal and wood, engineering plastics can be easily shaped into a particular form or shape. Owing to its easy shape shifting, these can be manufactured faster and thus are cost friendly.
China Engineering Plastics (PBT, PA6 & PA66) Market: Segments
China Engineering Plastics (PBT, PA6 & PA66) Market is segmented on the basis of type, application and region.
By Application (in %), China Engineering Plastics (PBT, PA6 & PA66) Market, 2019
The mechanical equipment segment accounted for XX% of the nation’s volume in 2019
The application segment can be classified into Automobile Industry, Electrical and electronics, Appliances, Mechanical equipment and others.
Since engineering plastics are more costly, they are manufactured in lower amounts and appear to be used for smaller objects or low volume applications such as mechanical components, rather than for bulk and high volume ends such as containers and packing. Hence, mechanical equipment is expected to register highest growth.
China Engineering Plastics (PBT, PA6 & PA66) Market Dynamics
Easy shaping and faster manufacturing to increase market growth
Engineering plastics have a whole range of advantages to offer, and can easily replace metals or ceramics in certain situations. In addition, engineered plastic components also provide the only alternative when it comes to implementing unconventional technological applications-making them a true pacemaker for innovation in any industry.
Low costs of polypropylene to hinder the market growth in China
The relatively low cost of polypropylene and its superior chemical properties make it an alternative to engineering plastics, thus reducing the market demand.
China Engineering Plastics (PBT, PA6 & PA66) Market: Regions
In terms of value and volume, China accounted for XX% of total market volume share in 2019
Compared to other elements such as metal and wood, engineering plastics can be easily shaped into a particular form or shape. Owing to its easy shape shifting, these can be manufactured faster and thus are cost friendly.
Engineering plastics also offer features such as lightweight and shock resistance which also helps in boosting of the economy. Growth in the automotive and electrical & electronics industries, rising production of semiconductors and increasing exports of televisions and other consumer appliances have considerably increased the demand for plastics engineering in China.
China Engineering Plastics (PBT, PA6 & PA66) Market: Key players
• China National BlueStar (PBT Engineering Plastics)
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Sanfangxiang Group (PBT Engineering Plastics)
• Shanghai PRET Composites (PBT Engineering Plastics)
• CGN Juner New Material (PA66 Engineering Plastics)
• China Shenma Group (PA66 Engineering Plastics)
• Ningbo EGL New Material (PA66 Engineering Plastics)
• Zhejiang Yongxing New Materials (PA6 Engineering Plastics)
• Nanjing Julong Science & Technology (PA6 Engineering Plastics)
• Shanghai Hunt Engineering Plastics (PA6 Engineering Plastics)
• Other Prominent Players
China Engineering Plastics (PBT, PA6 & PA66) Market report also contains analysis on:
• China Engineering Plastics (PBT, PA6 & PA66) Market segments:-
• By Type:
o PBT Engineering Plastics
o PA66 Engineering Plastics
o PA6 Engineering Plastics
• By Application:
o Automobile Industry
o Electrical and electronics
o Appliances
o Mechanical equipment
o others
• China Engineering Plastics (PBT, PA6 & PA66) Market dynamics
• China Engineering Plastics (PBT, PA6 & PA66) Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
