- Future Growth of India Engineering Plastics Industry is expected to be led by SAN and ABS engineering plastics resin
- The global players operating under the industry are expected to maintain focus on enhancing production capacity to compete with other players in the industry
Ken Research announced its latest publication on “India Engineering Plastics Market Outlook to 2019 – Rising ABS and San Segment to Drive the Future Growth” which provides a comprehensive analysis of the of the various aspects such as market size, segmentation and future projections of the PET resin, Polyamide resin, ABS resin, Polyacetal resin, Polycarbonate, SAN and others that has been taken as key segments of the market. This report also offers prevalent trends and developments in India Engineering Plastics Industry, Government regulations, SWOT analysis, and entry barriers operating into the Industry. The report also covers the competitive landscape of the major players in Industry along with the market share of the major players in the PET resin, Polyamide resin, ABS resin, Polyacetal resin, Polycarbonate, SAN segment. It also includes information on the major macroeconomic indicators affecting the market and future outlook of the engineering plastics industry of India including analyst’s take on the industry. Moreover, the report also offers information regarding the investment which is required to set up engineering plastics plant in India.
We have forecasted that the SAN engineering plastics resin is going to escalate at the fastest growth rate during the review period FY’2015-FY’2019. The product finds its extensive end uses in automotive and electronics industries which have been estimated to progress at a noteworthy rate in the coming years. ABS is a major segment of engineering plastics market in India and witnessed the second highest production volume in the overall engineering plastics market after Polyethylene Terephthalate (PET) in FY’2014. This massive growth has been achieved primarily due to its outstanding material qualities. The domestic sales revenues of ABS engineering plastic resin market in India have grown at a CAGR of ~% during the last five years (FY’2009-FY’2014). The revenue of ABS market stood at USD ~ million during FY’2014. Acrylonitrile Butadiene Styrene (ABS) segment is expected to emerge as the primary driver of engineering plastic industry in India. This is likely to be bestowed with its emerging characteristics and wide array of applications across number of industries. The revenue of ABS market is projected to incline at a CAGR of 12.5% during FY’2014-FY’2019, with major impetus is supposed to occur during FY’2017-FY’2019.
According to the research report “India Engineering Plastics Industry Outlook to FY’2019” by Ken Research, the India engineering plastics industry is envisaged to grow at a double digit CAGR and will reach USD ~ million by FY’2019 due to the significant surge in production capacity by major players supplemented with enhancement in the capacity utilization rate. This growth is estimated to be fueled with substantial surge in demand from end user industries primarily from automotives and consumer appliances sectors.
“The key drivers of the industry are increased applications in various niche end user industries and strict regulations regarding fuel economy. High volatility in the prices of raw-materials for engineering plastics is one of the major restraining factors that prevail in the market. Increased applications in building & construction industry and growing exterior and interior applications in the automobile industry have supplemented the industrial consumption in developing countries. ‘’ according to the Research Associate, Ken Research.
Key Topics Covered in the Report:
India Engineering Plastics Market
– Market Size by Value, Volume
– Market Segmentation by
o Types of Products
o By End User Industries
– Trends and Development
– SWOT Analysis
– Government Regulations
– Required Investment for Setting up Engineering Plastics Unit In India
– Entry Barriers
– Competitive Landscape
– Future Outlook and Analyst’s Take on the Future Recommendations
– Macro Economic Parameters
Key Products Mentioned in the Report
Polyethylene Terephthalate (PET)
Polyamide (Nylon 6 and Nylon 66)
Companies Covered in the Report
Bhansali Engineering Polymers Limited
Gujarat Flurochemicals Limited
DSM Engineering Plastics India
Ankur Gupta, Head Marketing & Communications