Huizhou Yigao New Material Co., Ltd always endeavors to bring innovative polycarbonate plastic to market. The performance of the product is guaranteed by well-selected materials from leading suppliers in the industry. With advanced technology adopted, the product can be manufactured in high volume. And the product is designed to have a long lifespan to achieve cost-effectiveness.
We adopt innovative development approaches and are continuously exploring new ways for expanding the brand standing of our brand - Yigao Plastic for knowing very well the fact that the current market is dominated by innovation. After years of the insistence of innovation, we have become an influencer in the global market.
Yigao Plastic’s focus has always been in offering customers incredible value for their investment. Most products at Huizhou Yigao New Materials Co, Ltd have promising application prospect and tremendous market potential. And they outperform many similar products of the domestic and overseas market. All models we present here meet the requirements of standardization and have overcome some defects of old ones. Please contact.
Promising Prospects for the Engineering Plastics Market
Engineering plastics are a class of high-performance synthetic polymeric materials that are widely used in the automotive, electronics, and machinery manufacturing industries. With the rapid development of downstream industries, the demand for engineering plastics continues to grow.
In recent years, engineering plastics have been widely used in various industries due to their excellent mechanical properties, heat resistance, and chemical resistance. Under the trend of automotive lightweighting, the application of engineering plastics to replace metals has become increasingly widespread; the electronics industry's demand for high-performance insulating materials is constantly increasing; and the advanced manufacturing industry's demand for high-strength, high-rigidity engineering plastics is also growing.
Industry insiders predict that over the next five years, the global engineering plastics market size will maintain an annual growth rate of around 5%, and is expected to exceed $400 billion by 2025. As the world's largest consumer market for engineering plastics, China has huge growth potential and will become an important force driving the global development of the engineering plastics market.
As global initiatives push toward carbon neutrality, the rapid growth of the new energy industry has set higher performance standards for materials. Due to their exceptional mechanical properties, electrical insulation, and high resistance to heat and chemicals, plastic insulation materials have become indispensable in new energy equipment. The increasing need for high-performance insulation materials in lithium batteries and EV charging infrastructure is creating fresh growth opportunities for the plastic insulation market.
With the new energy sector's accelerated development, plastic insulation material manufacturers are keen to innovate, aiming to develop materials suited to high-voltage, high-temperature environments. For instance, engineering plastics like Polyether Ether Ketone (PEEK) and Polyimide (PI) are emerging as ideal choices due to their outstanding physical and electrical properties.
Additionally, advancements in automation are enabling manufacturers to boost production efficiency without compromising quality. Industry analysts predict further expansion of plastic insulation applications into fields like smart grids, renewable energy installations, and energy storage, showcasing a promising market outlook.