Burgeoning Automotive Industry Lends Momentum To The Engineering Plastics Market In Southeast Asia, Finds Frost & Sullivan
However, escalating oil prices impede the growth of this price-sensitive market, since crude oil is the key source for raw materials. As these costs are passed on to the end-user segments, automobile and electronic producers tend to opt for cheaper plastics.
"Producers need to find alternate resources to reduce oil dependence in the coming years," concluded Mahajan. "This will also address environmental concerns, paving the way for bio-based engineering plastics."
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Strategic Analysis of Engineering Plastics Market in Southeast Asia is part of the Chemicals & Materials Growth Partnership Services program, which also includes research in the following markets: Biofertilizers Market in North America, North American Wire and Cable Materials Market, Central and Eastern European Industrial Sludge Treatment Chemicals Market, North American Protective Footwear Market, and Municipal Water and Wastewater Treatment Chemicals Market in Western Europe. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
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