ALBANY, N.Y. (July 9, 2012)—The global demand for electronic polymers increased from 12.2 million metric tons in 2005 to 15.6 million tons in 2011 at a combined annualized growth rate 4.2 percent, according to market research experts Global Business Intelligence.
In the forecast period 2011-2017, demand is expected to grow at a CAGR of 6.9 percent, as a result of the market dominance of Asia-Pacific, the group said.
The research also concludes that North America and Western Europe will focus on innovation while Asia-Pacific will be able to benefit from low-cost manufacturing.
GBI said the study provides an in-depth analysis of the global polymers market for the electrical and electronics industry, with analysis and forecasts of the major economic and market trends affecting the electronic polymer markets in the major regions of the world.
The Asia-Pacific region accounted for half of the global polymer demand for electrical and electronic applications and was the largest market for electronic polymers, GBI said.
Traditional polymers such as polypropylene, polyethylene, polyvinyl chloride and acrylonitrile butadiene styrene constituted more than half of the global electronic polymers demand in 2011, GBI said. These polymers were largely used for insulation or encapsulation purposes.
More on the study can be found at www.gbiresearch.com.