Mumbai , Maharashtra India (PressExposure) February 14, 2011 -- There is considerable growth potential in the engineering plastics industry worldwide since untapped opportunities still exist for metal replacement in cars and trucks, household appliances as well as other applications. Growth in Asia will be driven by increasing usage of engineering plastics in segments like electrical & electronics (E&E), construction and automotives in particular.
Engineering plastics demand is expected to rise globally, driven by the ongoing replacement of metal parts with high-performance plastic. ABS, polycarbonate and nylon will stay the largest volume types, with polycarbonate leading gains based on opportunities in motor vehicles, medical products and construction.
Engineering plastics in India has witnessed fast growth although the market size is not as large as some other Asian countries. However, this is likely to change as more OEMs, particularly in the automotive industry, plan to establish plants in India. With India becoming an automotive hub, and the electrical and electronics market witnessing a boom, the demand for engineering plastics in India is set to grow at a rapid pace.
The use of plastics in medical applications is expected to continue its steady growth as new polymers edge out metals, ceramics, and other traditional materials. Innovative materials are now replacing the conventional ones. Driven by innovation and application development, high-performance polymers will continue to grow through 2014.
Polymerupdate, a leading player in the energy business information vertical, aims to through this conference, focus its attention on the ever rising potential of the engineering plastics segment and bring business leaders on a common forum for tracking opportunities in this sector.
Building on the success of the inaugural conference, polymerupdate is proud to announce the launch of its next conference, The Polymerupdate Global Petrochemical Conference (PGPC) on "Engineering & High Performance Plastics". This is due to be held on April 14th, 2010 at Hotel Hyatt Regency, Mumbai.
PGPC 2010 was a grand success. It informed, educated and entertained more than 150 domestic and international delegates. Companies such as LyondellBasell, Haldia Petrochemicals, OPaL, Borouge, SABIC, Indorama, Zylog Plastalloys presented papers at the conference.
The next conference, a one day multi-session PGPC conference on "Engineering & High Performance Plastics" will include presentations on the latest technological developments as well as industry market trends, supply-demand scenario in the Automobile, Electrical & Electronics, Consumer, healthcare and construction sectors.
Mr. Amit Jaiswal
344, A - Z Indl. Estate,G. K. Marg, Lower Parel,
Mumbai - 400013, INDIA
Tel: +91-22-30408821 - 25 | Fax : +91-22-30408826