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Engineering Plastics in Southeast Asia
Frost & Sullivan, Jan 2008, Pages: 169
This Frost & Sullivan research service titled Engineering Plastics in South East Asia, provides a complete analysis of the key market drivers, restraints, market trends, and key industry challenges that affect the whole engineering plastics industry, as well as major participants analysis. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: polyamide (PA), polycarbonate (PC), polyoxymethylene (POM), polybutylene terephthalate (PBT), and others including polystyrene (PS), polyphenylene oxide (PPO), and polymethylmethacrylate (PMMA).
Market Overview
Growth in the Thai Market to Augur Well for the Total Engineering Plastics Market in SEA
The engineering plastics market in SEA has witnessed rapid growth in the last four years, aided by stable and healthy economic growth trend, increasing demand from the end-user market, rapid development of the engineering plastics industry, and numerous other factors. The engineering plastics market in SEA is one of the most technologically advanced plastics markets. The current growth levels are expected to continue with Thailand, the main region for consumption of engineering plastics, driving the growth of the overall engineering plastics market.
Thailand has increasingly become one of the global production bases for automotives, with the reputation of ‘Detroit of Asia’. Growth in Thailand can be attributed to an increase in end-user demand following the imminent expansion and growth of its automotive industry. 'Macroeconomic factors such as foreign capital investment and ASEAN Free Trade Area (AFTA) in Thailand also drive the market growth in the country,' cites the analyst of this research service. 'Furthermore, increase in electrical and household appliance sectors manufacturing is expected to strengthen consumption of engineering plastics.'
Product Performance Enhancement and Innovation to Enable Participants Beef Up Their Revenues
Despite the rising demand for engineering plastics in SEA, increasing cost of raw materials and erosion of profit margins due to stiff competition impede market growth. With the mounting production cost, especially in Malaysia and Singapore, many end users are relocating to other cost-effective parts of Asia such as China and Thailand. This poses a major challenge to the engineering plastics manufacturers in Malaysia and Singapore.
'In an effort to expand their market share, resin suppliers are looking to enhance product performance by using new polymerization technologies such as metallocene catalyst, different additives or polymer blends,' remarks the analyst. 'Suppliers and processors must also continue to develop innovative products and technologies to further develop the automotive and electrical and electronic applications market, which is set to provide several growth opportunities.'
The following technologies are covered in this research:
- Metallocene catalyst
- Additives
- Polymer blends
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By product:
- Polyamide (PA)
- Polycarbonate (PC)
- Polyoxymethylene (POM)
- Polybutylene terephthalate (PBT)
- Others - polystyrene (PS), polyphenylene oxide (PPO), and polymethylmethacrylate (PMMA)
By geographic region:
- Malaysia
- Singapore
- Thailand
By application:
- Automotive industry
- Electronics and electrical industry
- Household and office appliances
- Others (includes toys, medical equipment, sports equipment, and general purpose applications)
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