U.S. demand for engineering plastics is expected to rise 2.6% annually to reach 5.1 billion pounds in 2019, according to a report from the Freedonia Group (Cleveland, OH). Metal replacement in existing products along with technological advances that will open the door to new applications for engineering plastics will drive growth. Demand, however, will be tempered by weak growth in mature markets and increasing competition from lower cost commodity resins, adds the market research firm. These and other trends are presented in a new study, Engineering Plastics.
The largest markets for engineering plastics will continue to be the automotive and electrical and electronics sectors, notes the report. The motor vehicle market will increasingly rely on engineering plastics to reduce vehicle weight in order to improve fuel efficiency. The fastest growth, however, will come from the construction, medical and consumer markets.
Nylon, acrylonitrile-butadiene-styrene (ABS) and polycarbonate will continue to be the three largest engineering plastics by volume, accounting for three-quarters of total demand in 2019, says Freedonia.