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US Engineering Plastics Market, Freedonia

  • April 2015
  • -
  • Freedonia
  • -
  • 321 pages

US demand to rise 2.6% annually through 2019

US demand for engineering plastics will grow 2.6 percent per year to 5.1 billion pounds in 2019, valued at $11.2 billion. Advances will represent an acceleration from the meager growth of the recessionplagued 2004-2014 decade. Increased demand for engineering plastics will be spurred by gains in consumer spending, construction activity, and manufacturing output. Additionally, engineering resins will benefit from penetration into both new applications, replacing traditional materials, and new technological advancements such as 3D printing.

Construction & medical markets show best potential

The largest outlets for engineering plastic will continue to be the motor vehicle and electrical and electronic markets. The motor vehicle market experienced a rapid post-recession revival in output during the 2009-2014 period. The motor vehicle market will increasingly rely on engineering plastics to reduce weight in order to increase the vehicle’s overall efficiency and cost-effectiveness as the volume of engineering plastics per vehicle increases. However, construction as well as the medical and consumer markets will provide the strongest growth potential. Although the recovery in building expenditures has lagged the other markets in recent years, construction will provide greater demand opportunities for engineering plastics going forward as construction activity rebounds. The medical and consumer market, on the other hand, experienced only a minor recessionary contraction in demand, and will continue to drive growth going forward as engineering plastics are utilized in more medical products and devices.

Smaller-volume specialty plastics to grow the fastest

While ABS, polycarbonate, and nylon will continue to be the three largest volume engineering plastics, comprising over 80 percent of the market through 2019, the fastest gains will be seen in smaller-volume specialty resins. PEEK, PPS, sulfone polymers, and fluoropolymers will grow at above-average rates as they increasingly replace metal components in high performance applications. Specialized use within mature markets as well as utilization in new products will drive overall demand. Large-volume resins will not see the growth enjoyed by their smaller-volume counterparts due to applications primarily in mature markets and competition from other resins, including other engineering plastics.

Technological advances, expanding markets to drive new applications

Engineering plastics, due to their versatility, will be poised to take advantage of new technological advancements. New technologies such as 3D printing and emerging markets such as solar power will provide the impetus for future expansion. Based on the advantageous properties of engineering plastics, the burgeoning 3D printer industry offers these resins, such as ABS and nylon especially, the opportunity to penetrate new applications that traditional manufacturing processes could not provide. Photovoltaic modules for solar energy also provide strong growth potential, particularly for fluoropolymers. Additionally, the pursuit of fuel efficiency will drive engineering plastics demand in transportation markets.

Study coverage

Details on these and other findings are contained in the upcoming industry study, Engineering Plastics, presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by resin (e.g., nylon, acrylonitrile-butadiene-styrene, polycarbonate, polyacetal, thermoplastic polyesters, fluoropolymers, polysulfones, phenylene oxide) and market. This study also considers key market environment factors, evaluates company market share and profiles 31 US industry participants.

Table Of Contents

US Engineering Plastics Market, Freedonia
TABLE OF CONTENTS
INTRODUCTION xi
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Outlook 4
Consumer Spending Patterns 9
Manufacturing Outlook 11
Electrical and Electronics Outlook 15
Electronic and Computer Equipment 17
Appliances 21
Building Construction Trends 23
Motor Vehicle Trends 25
Plastic Resin Outlook 28
Competitive Materials 30
Historical Market Trends 33
Pricing Trends 36
Regulatory and Environmental Issues 38
Recycling Activity 41
Foreign Trade 44
International Activity 46
III. RESINS 49
General 49
Nylon 53
Markets 55
Motor Vehicles 57
Electrical and Electronic 59
Medical and Consumer 61
Industrial 63
Packaging 64
Construction and Other 65
Producers and Capacity 65
Acrylonitrile-Butadiene-Styrene 68
Markets 71
Electrical and Electronics 73
Motor Vehicles 75
Construction 77
Medical and Consumer 79
Industrial and Other 80
Producers and Capacity 82
Polycarbonate 84
Markets 86
Electrical and Electronic 88
Medical and Consumer 90
Motor Vehicles 92
Construction 94
Industrial and Other 96
Producers and Capacity 97
Thermoplastic Polyesters 99
Polybutylene Terephthalate 101
Polyethylene Terephthalate 103
Liquid Crystal Polymers and Other 104
Markets 106
Motor Vehicles 108
Electrical and Electronic 110
Medical and Consumer 111
Other Markets 112
Polyacetal 113
Markets 115
Motor Vehicles 116
Industrial 117
Electrical and Electronic 117
Other Markets 118
Producers and Capacity 119
Fluoropolymers 120
Polytetrfluoroethylene 122
Polyvinylidene Fluoride 124
Fluorinated Ethylene Propylene 125
Other Fluoropolymers 127
Markets 130
Industrial 131
Electrical and Electronic 132
Medical and Consumer 135
Other Markets 136
Producers 136
Polyphenylene Oxide 138
Markets 140
Motor Vehicles 142
Electrical and Electronic 143
Other Markets 143
Producers 144
Sulfone Polymers 144
Markets 147
Medical and Consumer 147
Electrical and Electronic 148
Industrial 149
Other Markets 149
Producers 150
Polyphenylene Sulfide 150
Markets 152
Motor Vehicles 153
Electrical and Electronic 154
Other Markets 154
Producer and Capacity 155
Polyimides 157
Markets 159
Motor Vehicles 160
Electrical and Electronic 161
Other Markets 161
Producers 162
Other Resins 162
Polyetherketones 163
All Other Resins 165
IV. MARKETS 167
General 167
Motor Vehicles 169
Engine and Mechanical 172
Interior 173
Structural and Exterior 175
Resins 177
Electrical and Electronic 179
Appliances 182
Electronic Products 183
Optical Media 184
Wire and Cable 186
Electronic Components and Other Applications 187
Resins 190
Medical and Consumer 192
Medical 194
Recreational Products 196
Other Uses 197
Resins 198
Construction 200
Glazing and Skylights 202
Pipe and Fittings 203
Lighting and Other Uses 204
Resins 205
Industrial 207
Applications 207
Resins 209
Other Markets 211
Packaging 212
Other Transportation Equipment 213
Furniture and Fixtures 214
All Other 215
Resins 216
V. INDUSTRY STRUCTURE 218
General 218
Industry Composition 219
Market Share 221
SABIC 222
DuPont 222
Solvay 223
Bayer 223
Ascend 223
BASF 224
Honeywell 224
Celanese 224
INEOS Group 225
Mergers and Acquisitions 225
Marketing Strategies 228
Channels of Distribution 229
Research and Development 230
Competitive Strategies 231
Cooperative Agreements 233
Company Profiles 236
A. Schulman, see Schulman (A.)
Arkema SA 237
Asahi Kasei Corporation 240
Ascend Performance Materials LLC 242
BASF SE 243
Bayer AG 247
Celanese Corporation 249
Chevron Phillips Chemical Company LLC 255
Cool Polymers, see Celanese
Daikin Industries Limited 256
DSM Engineering Plastics, see Royal DSM
DuPont (EI) de Nemours 259
ECM Plastics, see Schulman (A.)
EMS-Chemie Holding AG 265
Evonik Industries AG 267
Fortron Industries, see Celanese and Kureha
Honeywell International Incorporated 270
INEOS Group AG 272
Korea Engineering Plastics, see Celanese
Kureha Corporation 275
LANXESS AG 277
Mitsubishi Gas Chemical Company Incorporated 279
Mitsui Chemicals Incorporated 281
Network Polymers, see Schulman (A.)
Nylon Corporation of America 282
Polymeric Resources Corporation 283
PolyOne Corporation 285
Polyplastics, see Celanese
Royal DSM NV 289
RTP Company 291
SABIC Innovative Plastics, see Saudi Basic Industries
Saudi Basic Industries Corporation 293
Schulman (A.) Incorporated 299
Solvay SA 303
Spartech, see PolyOne
Styrolution Group, see INEOS Group
Styron, see Trinseo
3M Company 310
Topas Advanced Polymers, see Celanese
Toray Industries Incorporated 313
Trinseo SA 316
Victrex plc 318
Wellman Plastics Recycling LLC 320

LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 8
2 Personal Consumption Expenditures 11
3 Manufacturers' Shipments 15
4 Electrical and Electronic Equipment Shipments 17
5 Electronic and Computer Product Shipments 21
6 Appliance Shipments 22
7 Building Construction Expenditures 25
8 Motor Vehicle Indicators 28
9 Plastic Resin Supply and Demand 30
10 Engineering Plastics Markets, 2004-2014 35
11 Engineering Plastics Pricing 38
12 Foreign Trade in Engineering Plastics 46
SECTION III -- RESINS
1 Engineering Plastics Demand by Resin 51
2 Nylon Supply and Demand 55
3 Nylon Demand by Market 56
4 Nylon Demand in Motor Vehicle Markets 59
5 Nylon Demand in Electrical and Electronics Markets 61
6 Nylon Demand in Medical and Consumer Markets 63
7 Nylon Capacity, 2014 68
8 Acrylonitrile-Butadiene-Styrene Supply and Demand 71
9 Acrylonitrile-Butadiene-Styrene Demand by Market 72
10 ABS Demand in Electrical and Electronic Markets 75
11 ABS Demand in Motor Vehicle Markets 77
12 ABS Demand in Construction Markets 78
13 ABS Demand in Medical and Consumer Markets 80
14 Acrylonitrile-Butadiene-Styrene Capacity, 2014 84
15 Polycarbonate Supply and Demand 86
16 Polycarbonate Demand by Market 87
17 Polycarbonate Demand in Electrical and Electronics Markets 90
18 Polycarbonate Demand in Medical and Consumer Markets 92
19 Polycarbonate Demand in Motor Vehicle Markets 94
20 Polycarbonate Demand in Construction Markets 96
21 Polycarbonate Capacity, 2014 99
22 Thermoplastic Polyester Demand by Resin 101
23 Polybutylene Terephthalate Capacity, 2014 103
24 Thermoplastic Polyester Demand by Market 107
25 Thermoplastic Polyester Demand in Motor Vehicle Markets 110
26 Thermoplastic Polyester Demand in Electrical and Electronic
Markets 111
27 Thermoplastic Polyester Demand 112
28 in Medical and Consumer Markets 112
29 Polyacetal Supply and Demand 114
30 Polyacetal Demand by Market 115
31 Polyacetal Capacity, 2014 120
32 Fluoropolymer Supply and Demand 122
33 Fluoropolymer Demand by Market 130
34 Polyphenylene Oxide Demand 140
35 Polyphenylene Oxide Demand by Market 141
36 Sulfone Polymer Demand 146
37 Sulfone Polymer Demand by Market 147
38 Polyphenylene Sulfide Demand 152
39 Polyphenylene Sulfide Demand by Market 153
40 Polyphenylene Sulfide Capacity, 2014 157
41 Polymides Demand 159
42 Polymides Demand by Market 160
43 Other Engineering Plastics Demand by Type 163
SECTION IV -- MARKETS
1 Engineering Plastics Demand by Market 168
2 Motor Vehicle Market for Engineering Plastics by Application 171
3 Motor Vehicle Market for Engineering Plastics by Resin 179
4 Electrical and Electronics Market for Engineering Plastics by
Application 181
5 Electrical and Electronics Market for Engineering Plastics by Resin
192
6 Medical and Consumer Market for Engineering Plastics by
Application 193
7 Medical and Consumer Market for Engineering Plastics by Resin 200
8 Construction Market for Engineering Plastics by Application 201
9 Construction Market for Engineering Plastics by Resin 206
10 Industrial Market for Engineering Plastics 208
11 Industrial Market for Engineering Plastics by Resin 210
12 Other Markets for Engineering Plastics by Application 211
13 Other Markets for Engineering Plastics by Resin 217
SECTION V -- INDUSTRY STRUCTURE
1 US Engineering Plastics Sales by Company, 2014 220
2 Selected Acquisitions and Divestitures 227
3 Selected Cooperative Agreements 235

LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
1 Engineering Plastics Market, 2004-2014 36
SECTION III -- RESINS
1 Engineering Plastics Demand by Resin, 2014 52
2 Nylon Demand by Market, 2014 57
3 Acrylonitrile-Butadiene-Styrene Demand by Market, 2014 73
4 Polycarbonate Demand by Market, 2014 88
5 Thermoplastic Polyester Demand by Market, 2014 108
6 Polyacetal Demand by Market, 2014 116
7 Fluoropolymer Demand by Market, 2014 131
8 Polyphenylene Oxide Demand by Market, 2014 142
SECTION IV -- MARKETS
1 Engineering Plastics Demand by Market, 2014 169
2 Motor Vehicle Market for Engineering Plastics by Application,
2014 172
3 Electrical and Electronic Market for Engineering Plastics 182
4 by Application, 2014 182
5 Medical and Consumer Market for Engineering Plastics 194
6 by Application, 2014 194
7 Construction Market for Engineering Plastics 202
8 by Application, 2014 202
SECTION V -- INDUSTRY STRUCTURE
1 Engineering Plastics Market Share, 2014 221

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