Brazil engineering plastics market is expected to value at USD XX million in 2016 and is likely to reach USD XX million by 2021, at an estimated CAGR of XX%, during the forecast period 2016-2021.
Engineering plastics are being used increasingly in number of markets – from packaging, building & construction, to electrical & electronics, automotive & transportation, furniture & bedding, sports & leisure and a number of other segments. At present, electrical & electronics and consumer goods are the major markets. Automotive & transportation and construction are the two promising application areas for engineering plastics.
Brazil engineering plastics market is segmented on the basis of product and application. By product, Brazil engineering plastics market is segmented into fluoropolymers [polytetrafluoroethylene (PTFE), polyvinylidene fluoride (PVDF), and fluorinated ethylene propylene (FEP)], polyacetal/polyoxymethylene, polyamides (nylon 6, nylon 66, and others), polycarbonates, polymethyl methacrylate (PMMA), polyphenylene oxides (PPO/PPE blends), polyphenylene sulfide (PPS), styrene copolymers (ABS & SAN), thermoplastic polyesters [polybutylene terephthalate (PBT, polyethylene terephthalate (PET), and copolyesters (PETG/PCTG)], liquid crystal polymers (LCP), polyether ether ketone (PEEK), polyimides (PI), and others. On the basis of application, Brazil engineering plastics market is segmented into automotive & transportation, buildings & construction, consumer goods & appliances, electrical & electronics, industrial & machinery, packaging, and others.
The market is driven by number of factors such as growing demand for light-weight and flexible products in numerous countries and replacement of tradtional materials. However, the growth of the market is hindered by the political unrest in the country and volatility in raw materail prices. Thus, the aforementioned factors may act as a roadblock in the growth of the market.
The companies are consistently engaged in the R&D activities, they are focusing on developing improved grades of engineering plastics. Innovation in products and applications has become the standard strategy adopted by prime companies in this sector. Furthermore, the introduction of green vehicles will offer numerous opportunities for the growth of the Brazil engineering plastics market. Some of the major companies dominating the market with their products and services are BASF, Evonik, Solvay, SABIC, and the Dow Chemicals.
Key Deliverables in the Study