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Slow Automotive Demand Drags on Engineering Plastics Growth

10:41 AM MDT | June 12, 2009 | Lindsey Bewley

The soft demand for durable goods, especially in the automotive and construction industries, has taken a toll on engineering plastics in the last year. Volatile raw material costs have also weighed on margins, producers and analysts say. The market is still growing, however, albeit at a much lower rate than in previous years. Lightening up: The automotive sector still provides room for growth. Demand for engineering plastics will rise by 3.1%/year to reach 5.4 billion lbs by 2012, says The Freedonia Group (Cleveland). Polycarbonate (PC), nylon, and acrylonitrile...

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