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Electronics, Auto Sectors Rev Up Engineering Plastics Demand

12:43 PM MDT | October 20, 2008 | Lindsey Bewely, Rebecca Coons, and Gdlm

Demand for engineering plastics will rise 3.1%/year to reach 5.4 billion lbs by 2012, says a recent report from The Freedonia Group (Cleveland). “Advances will be driven by a continued trend toward the replacement of metal parts with high-performance plastic resins,” Freedonia says. The automotive as well as electrical and electronic products industries, the main markets for engineering plastics, will drive sales of these resins to $10.7 billion by 2012, Freedonia says. These industries combined accounted for nearly 60% of total volume in 2007...

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