FOR IMMEDIATE RELEASE
October 06, 2008
U.S. Engineering Resin and Polymer Alloy/Blend Market to use 4 Billion Pounds of Material in 2013
Wellesley, Mass—According to a new technical market research report, ENGINEERING RESINS, POLYMER ALLOYS & BLENDS (PLS020B) from BCC Research, the domestic market for engineering resins and polymer alloys/blends used 3.3 billion pounds in 2007. This is expected to increase to 3.4 billion pounds in 2008 and reach more than 3.9 billion pounds in 2013, for a compound annual growth rate (CAGR) of 3.1%.
The market is broken down into polycarbonates, nylons, polybutylene terephthalate (PBT), polyacetals, polycarbonate acrylonitrile-butadiene-styrene alloy/blends (PC/ABS), polyethylene terephthalate (PET), polyphenylene oxide high-impact polystyrene (PPO/HIPS) and others. Of these, polycarbonates have the largest share of the market, with 887 million pounds in 2007. This is expected to increase to 912 million pounds in 2008 and 1.1 billion pounds in 2013, a CAGR of 3.1%.
The second largest segment is nylons, with 801 million pounds used in 2007 and an estimated 825 million pounds in 2008. This should increase to 954 million pounds in 2013 for a CAGR of 3.0%.
PBT is the third largest material by volume, with 410 million pounds used in 2007. This is expected to increase to 423 million pounds in 2008 and nearly 500 million in 2013, a CAGR of 3.2%.
The modest growth rates for the industry are the result of a slowed economy that shows no signs of relief in the near term. Although medical and electric/electronic applications are expected to show solid growth over the next five years, both the automotive and housing markets will need some time for any sort of recovery.
Opposing forces are at play in the market. The obvious drive towards more stringent resin requirements in many industries is offset by the need to use the cheapest resin appropriate for a specific application, especially with the recent escalation of resin prices.
Source: BCC Research
Engineering Resins, Polymer Alloys & Blends( PLS020B )
Target Date: September 2008 Price: $5450.00
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