Engineering plastics has been widely used in electrical and electronic, automotive, construction, office equipment, machinery, aerospace and other industries, "plastics to replace steel" and "plastics to replace wood" has been become an international trend. Engineering plastics has become the fastest growing areas in the world's plastics industry. Its development not only plays a supporting role for the national pillar industries and modern high-tech industry, but promote the transformation of traditional industries and the adjustment of product structure too.

China engineering plastics industry has gradually formed a complete industrial chain with resin synthesis, plastic modifying and alloy, processing applications and other related capabilities after 10 years of development .

10 years ago, the Chinese plastics industry had just started, its production capacity was lagging far behind compared to demand. More than 85% of raw materials resin depended on import, and more than half of the modified resin material used foreign products. Today, Chinese engineering plastics resins can be produced domestically, the polymerizing power has reached about 600,000 tons per year, annual production of modified resin materials has been more than 2 million tons. In the past 10 years, the output value of China's engineering plastics increased for more than 20% per year, the enterprise size and the level of technology continued to grow.

Under the impact of the financial crisis, engineering plastics market is facing the dual pressures of a weak market demand and increasing production capacity. Fluctuations in raw material costs increase the pressure on manufacturers. Even in this predicament, the engineering plastics market will continue to grow, but the growth will slow.

With the four trillion investment gradually putting in the right place, in 2009 China's automotive and construction and other industries generally got warmer, two applications areasof engineering plastics gradually getting better, then directly stimulated the imports of PA and PC.

China has the world's largest potential consumer market for engineering plastics, providing the excellent opportunities for its development. The demand of engineering plastics market will keep rapid growth for the next few years, and China's engineering plastics industry will has a broad prospect.

If you want to have a systematic understanding of ngineering plastics industry or invest in related industries of ngineering plastics, Investment and Forecast Report on China engineering plastics Industry, 2013-2017 is a must-have tool.