Source: CPRJ China Plastic & Rubber | Author: Jia Xinbin | Release Date: 2014-09-01

According to MarketsandMarkets latest research report, in 2013, the global plastics market capitalization of about $ 53.58 billion, is expected in 2018 will reach 79.03 billion U.S. dollars, the annual compound growth rate of 8%.
 

Research shows that the Asia-Pacific region is the worlds main consumer plastics, according to statistics, in 2013 the Asia-Pacific region accounted for engineering plastics demand 47.9% global market share. Asia-Pacific is expected in 2018 will continue to maintain the status of the worlds largest plastics market, followed by Western Europe over the next five years, its average annual growth rate of demand for engineering plastics market is estimated to be 7.8%.
 

Among them, China and the United States are the worlds largest and second-largest consumer of plastics, in 2013 the two countries consumed 46.4% of total global consumption. 2013 to 2018 Indias plastics consumption is expected to grow 7.3 percent year.
 

Engineering plastics include: ABS plastic, fluoropolymers, polyamides, polycarbonates, polyoxymethylene, a thermoplastic polyester and the like. Engineering plastics because of their excellent stability, good heat and chemical resistance and high strength, wide range of applications, which demand continues to grow rapidly.