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India Engineering Plastics Market to Grow at Over 13% through 2020 Finds TechSci ResearchBURNABY, Canada, September 18, 2015 /PRNewswire/ -- Growing infrastructure development coupled with increasing demand for residential and commercial real estate to drive elevators market in India through 2020 According to recently released TechSci Research report, "India Engineering Plastics Market Forecast & Opportunities, 2020", India engineering plastics market is projected to exhibit a CAGR of over 13% during 2015 - 2020. Engineering plastics are used in India in diverse industries such as automotive, electrical & electronics, construction, etc. Engineering plastics market in India is segmented on the basis of polymer type into ABS, Polycarbonate, SAN, Polyamide, PBT and Others. (Logo: http://photos.prnewswire.com/prnh/20140117/663730) The report reveals that ABS is the fastest growing segment in the market, followed by polycarbonate. ABS finds application in automotive, electrical & electronics industries on account of specific physical and mechanical properties such as electrical insulation, high tensile strength, strong resistance against chemical and moisture, tc., which make the polymer highly suitable for use in manufacturing of various automotive parts. The engineering plastics market in India consists of a number of global and regional manufacturers, with Styrolution ABS, SRF and Bhansali Engineering Polymers being the leading players operating in the country. "India engineering plastics market will continue to exhibit growth over the next five years on the back of increasing demand from various industries. Adoption of lightweight technology in heavy machinery, and stringent environmental regulations are fueling the demand for engineering plastics in the country. In India, engineering plastics are replacing traditional engineering materials like metals, as use of engineering plastics results in weight reduction as well as performance enhancement.", said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm. "India Engineering Plastics Market Forecast & Opportunities, 2020" has analyzed the potential of engineering plastics market in India, and provides statistics and information on market size, structure and shares. The report will suffice in providing the clients with cutting-edge market intelligence and help them in taking sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends, along with essential drivers and key challenges in India engineering plastics market. About TechSci Research TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry. Media Contact SOURCE TechSci Research 
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