Global chemical giant BASF recently forecast that demand for engineering plastics in Asia will increase by 32% to 1.45 million tons in 2015. The senior vice president of BASF's Asia Pacific engineering plastics business stated that the huge emerging markets in China and India will promote the rapid growth of polyamide and polybutylene terephthalate (PBT) plastics products. The average annual demand for this region is expected to increase from 2010 to 2015. Speed ​​will be 10% to 11%. BASF predicts that by 2015, China's engineering plastics consumption will reach 803,000 tons, Japan will have 306,000 tons, South Korea 138,000 tons, India 103,000 tons, and other parts of Asia will reach 102,000 tons. In the next 10 years, demand for polyamide and PBT composite engineering plastics in Asia will continue to grow at an average annual rate of 8%. According to statistics, in 2011, the demand for polyamide and PBT composite engineering plastics in Asia has exceeded 1 million tons, of which China is 562,000 tons, accounting for more than half of the total. The automotive industry will continue to be the main driving force for the growth of demand for engineering plastics. Taking India as an example, the demand for engineering plastics accounts for half of the total consumption, and the Asian automobile industry will continue to develop rapidly in the future. With the development of global green cars, the future growth potential of the engineering plastics market is very large. More engineering plastics will be used to replace metal parts in automobiles to reduce end-user costs. Welch Vacuum Pump,Water Ring Vacuum Pump,Manual Vacuum Pump,Industrial Vacuum Pumps Dongguan Beqile Mechanical&Electrical Equipment CO.,LTD , https://www.betemvacuum.com