The global chemical giant BASF recently predicted that Asia in 2015 engineering plastic Demand will be increased by 32% to 1 million 450 thousand tons. Senior vice president of BASF Asia Pacific engineering plastics business said that the big emerging markets China and India will promote the polyamide and polyethylene Ding Erzhi (PBT) the rapid growth of plastic products, is expected to 2010 ~ 2015 the average annual demand growth will be in the 10% to 11% area.

BASF predicts that in 2015, Chinese engineering plastics consumption will reach 803 thousand tons, Japan 306 thousand tons, Korea 138 thousand tons, India 103 thousand tons, other parts of Asia is expected to reach 102 thousand tons. In the next 10 years, the demand of plastic polyamide and PBT complex projects in Asia will continue to increase the annual average level of 8%. According to statistics, the 2011 Asian polyamide and PBT complex types of engineering plastics demand has exceeded 1 million tons mark, which is Chinese 562 thousand tons, accounting for more than half of the total.

Asia 2015 engineering plastic The demand will rise sharply

The auto industry will remain the main driver of growth in demand for engineering plastics, taking India as an example, the demand for engineering plastics to account for half of the total consumption, the future of Asia will continue the rapid development of automobile industry. With the rapid development of the global green cars, the future engineering plastics market growth potential is enormous, more engineering plastics will be used to replace the metal parts in the car, in order to reduce the cost of the user terminal.