Exploring opportunities and challenges in nylon engineering plastics industry
——Zhang Zhenyu, Executive Directorfor the Asia-Pacific Region and Business Director for Greater China of Envalior Engineering Materials
The report is divided into four main aspects.
1. Current Development of the Automotive Market: It discusses the development status of the automotive market, which is the largest market for nylon engineering plastics. Through research data, it shows that, despite the growth of hybrid electric vehicles, electric vehicles, and fuel vehicles, the demand for engineering plastics remains promising.
2. Trend of Substituting Steel with Plastics: The report introduces the current trend of replacing steel with plastics. Engineering plastics are gradually substituting steel in certain fields due to their longer lifespan, simpler processing technologies, and higher production efficiency.
3. Key Markets and Industries for Nylon Engineering Plastics: It highlights various key markets and industries for nylon engineering plastics, focusing on their applications in automotive lightweighting, electrification, and thermal management. The report also discusses engineering plastic solutions aimed at addressing recyclability, low carbon footprints, washability, and ventilation.
4. Global Market Overview: From a global perspective, it notes that the U.S. engineering plastic market is stable, while the European market is experiencing a gradual weakening in demand due to the energy crisis, having entered a phase of overcapacity. In contrast, Asian markets, represented by Vietnam, Thailand, and India, are steadily growing in the single-digit percentage range, and the Chinese market is developing rapidly.