Global Plastics Processing Machinery Market by Product - Forecast to 2021: New Middle Class Tastes Boost Plastics Consumption in Emerging Markets - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 10, 2018--The “Global Plastics Processing Machinery by Product and Market, 6th Edition” report has been added to ResearchAndMarkets.com’s offering.
The market for plastics processing equipment is expected to grow 5.6% annually through 2021.
This represents an improvement over the 2011-2016 period, boosted by an improving global economy. More stable economic conditions will encourage plastics processors to replace older machinery and undertake capacity expansions.
3D printing revolution means strong growth for developed countries
By 2021, demand for 3D plastics printers will have surpassed sales of blow molding and extrusion equipment in Western Europe. In North America, it has already happened. 3D printing is busy changing not only how the developed world processes plastics, but also how every stage of the manufacturing process is conducted, from the early design stages to the finished products.
This technology is best suited to individualized, localized solutions, which makes it ideal for the manufacture of prototypes, molds, tools, and custom orders in the aerospace, healthcare, motor vehicle, and tooling market segments. As a result of their many advantages, 3D plastics printers will see the fastest sales increases of any product type by far through 2021.
New middle class tastes boost plastics consumption in emerging markets
In the Asia/Pacific and Africa/Mideast regions, living standards are rising, which means higher demand for cars, medical consumables, packaged foods, toys, and other products. Increased consumption of plastics in these areas is expected to stimulate machinery sales, particularly of higher-end units with higher quality output.
China continues to grow as a global supplier thanks to low cost leadership
Over the past five years, China has emerged as a leading global supplier of injection molding machinery, dethroning the major West European producers. Formerly, most of China’s locally produced equipment was purchased internally, and exports were limited. Chinese producers have made a strong export push in recent years, however, and in 2015 China became a net exporter of plastics processing equipment for the first time. Although equipment produced in China is sold in every major market worldwide, gains have been strongest in developing markets where purchase price is the primary consideration.
This study provides historical demand data (2006, 2011, and 2016) and forecasts for 2021 by product (injection molding, extrusion, blow molding, 3D plastics printers, thermoforming and other types, and aftermarket parts) and market (packaging, consumer/institutional, construction, motor vehicles, and other). Trade and shipment totals for 23 countries are also supplied.
Strategy analysis and market share evaluations are given for key competitors, such as:Haitian International KraussMaffei Group (China National Chemical) Husky Injection Molding ENGEL
For more information about this report visit https://www.researchandmarkets.com/research/twzgfg/global_plastics?w=4
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Related Topics:Industrial Machinery
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/10/2018 06:21 AM/DISC: 10/10/2018 06:21 AM