Emerging Markets to Drive the Growth of Global Engineering Plastics to Reach 29 million MTs by 2020
Industry Experts, a multi industry focused market research firm, has announced the release of a new market research report ‘ Engineering Plastics - A Global Market Overview ’. This is an updated and most comprehensive 2013-version of the engineering plastics market research report which was initially released back in 2009. The emerging regions such as Asia, South America, Middle-East and developing regions from Europe have been witnessing sizeable growth prospects for engineering plastics. Growing purchasing power in the developing economies is seen as a key driver of demand for engineering plastics in these regions. Primary drivers for the same include hitherto unexplored opportunities of replacing metals not only in automobiles, but also in the areas of household appliances, construction and infrastructure, to name a few. For example, Asian economy has been thriving primarily due to advancements in the traditional sectors of automobiles, building and construction, business machines,