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2/5/2016 | 1 MINUTE READ

Engineering Plastics Growth Led by Nylon and ABS

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New Aranca market study projects significant growth for engineering plastics, generated by metal replacement, 3D printing and photovoltaics.


A new study from India’s Aranca, a global research and analytics firm with U.S. offices in New York City and Palo Alto, Calif., projects continued growth in metal replacement by engineering plastics with nylon and ABS in the lead here in the U.S.


Demand for engineering resins is estimated to grow at an annual rate of 4.1% through 2019, hitting $7.4 billion compared to 2009 market of $4.9 billion. The growth is attributed to metal replacement in the construction, automotive, and electrical & electronics industries. Technological advancements such as 3D printing and a growing photovoltaic industry are expected to boost the market further as well.


According to the study, the U.S. engineering thermoplastics market is dominated by nylon, followed by ABS and PC in terms of volume. Aranca places nylon and ABS in the lead, with 27% and 26% market share, respectively, followed by PC at 22% and PBT/PET at 10%, with 15% market share for all other engineering thermoplastics.


The market share of nylon is estimated to expand rapidly, driven by demand for metal replacement in underhood vehicle applications and 3D printing. ABS is projected to grow slowly as a result of competition from lower-cost resins. PC is expected to benefit from growth in the consumer and medical devices market sectors. According to Aranca, smaller-volume engineering thermoplastics are likely to exhibit high growth rates driven by increased usage in advanced batteries, photovoltaic modules and medical implants.