Engineering Plastics Gradually Substitute Traditional Materials in Diverse Applications in Brazil, Finds Frost & Sullivan

Engineering Plastics Gradually Substitute Traditional Materials in Diverse Applications in Brazil, Finds Frost & Sullivan PR Newswire SAO PAULO, Oct. 30, 2012 End-user sectors' growth ripples into the engineering plastics market SAO PAULO, Oct. 30, 2012 /PRNewswire/ -- Traditional materials such as commodity plastics, metal, and glass are slowly giving way to engineering plastics, as consumers demand more sophisticated products. The growth of the middle class has considerably aided the development of this market and made Brazil one of the most attractive consumer markets in Latin America. New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Analysis of the Brazilian Engineering Plastics Market, finds that the market earned revenue of $1.0 billion in 2011 and estimates this to reach $1.6 billion in 2017. The engineering plastics market has gained considerably from the expansion of various end-user sectors such as automotive, building and construction, and electrical and electronics. These sectors have higher growth rates than the country's Gross Domestic Product (GDP), which translates to significant potential for engineering plastics. "Engineering plastics, like many other markets, was affected by the global economic downturn, but it bounced back quickly to post high growth rates," said Frost & Sullivan Research Analyst Mariana Guercia.