Scope & Limitations

Engineering Plastics (EP), are value added plastics which offer better mechanical and thermal properties than conventional plastics…

Mega Trends indicate that technology innovation in Applications across Transportation and E&E will be key drivers for the EP industry

India: With manufacturing push across various sectors, EP demand will surge; EP suppliers to benefit from collaborations with component manufacturers

Regulations to drive the need for Light weighting, which will increase usage of composites and Engineering Plastics

Apart from Automotive industry regulations, cost & manufacturing ease will be key drivers for use of EP as a preferred material for light weighting

Segmental shift towards premium SUV and Sedans will drive OEM adoption of lightweight EP due to fuel efficiency considerations

PA6 and PBT growth to be driven by a surge in LED demand especially in the residential sector…

…supported by energy efficiency regulations across the globe

APAC will be growth center for Switchgear demand; consequently witness a surge in PC, PBT and PA6 markets

Overall, Indian Lighting Volumes to be driven by growth of LED; CFL market to diminish by 2019 positioning PBT and PA6 as leading polymers for lighting

Connectivity surge to drive demand for EP; approvals from mobile device makers will be key in capturing the potential for EP supply

Investments in infra segments such as railways and telecom will drive demand for polymers such as PA66, PBT and alloys among others

With country’s focus on renewables and energy efficiency, polyamides and polycarbonates can return considerable value

The EP Industry global size is ~6 million ton, growing at a CAGR of 5%. APAC is the fastest growing market due to increasing production in Automotive & E&E sectors

Integrated manufacturers dominate EP supply across global regions…

Automotive segment with PA6 and PA66 as key products is likely to continue to be driving force for EP demand in India; global MNCs dominate EP supply

Collaboration in developing use of plastics as replacement for metal / glass will be key success factor in Automotive segment

Demand to ease off in applications like CFL; LED replacement to offset this for some EP compounds, esp. PBT & PA6; application development support will be crucial

Given their significance, close collaboration with injection molders & component suppliers along with OEM approvals, is crucial to gain share

PA6 and PBT to be primary focus segments given their strong growth outlook coupled with moderate competition intensity

In addition to domestic opportunity, SEA is expected to be the most attractive export destination due to ease of entry & proximity to India

With a potential value of $630 Mn by 2021, focus on auto and E&E segments with alloys added in product portfolio can help gain significant share

Collaboration with component manufacturers toward product/application development should be key pillar in long term market penetration strategy

Maximize opportunities from existing products and markets; systematically explore new products, markets, including inorganic Opportunities

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