Global
plastics processing machinery market demand to rise 6% annually through 2015
Global demand for plastics processing machinery is projected to
rise 6.0 percent yearly through 2015 to $28.7 billion, an improvement over
market growth during the recession-impacted 2005-2010 period. Sales growth will
be driven by an acceleration in plastic manufacturing output and by a favorable
fixed investment environment worldwide. In addition, rising income levels,
especially in developing nations, will spur demand for both plastic products
and plastic packaging.
Extrusion equipment to
exhibit most rapid gains
Among product types, extrusion equipment will register the most
rapid gains through 2015, benefiting from growth in global
construction spending, which will fuel demand for extruded goods like pipe and
siding. Injection molding equipment will remain the largest product segment,
accounting for 40 percent of demand in 2015. Injection molding machines are
used in a variety of applications, ranging from automotive components to
consumer goods to medical supplies.
Construction,
consumer/institutional markets to register strongest gains
The construction market will exhibit the strongest gains through
2015, benefiting from acceleration in global construction spending.
The consumer/institutional products market will also post above average gains,
reflecting rising standards of living. The packaging market will post
respectable gains due to rising manufacturing output and consumer demand
for packaged products.
Developing nations to
spur global market advances
Gains in developing nations will be the driving force behind
advances in the global market for plastics processing equipment. China,
for example, will account for more than 40 percent of all additional demand
through 2015, with growth stimulated by strong increases in plastic manufacturing
as industrialization efforts continue and income levels rise. Other nations in
Asia with smaller, less developed economies, such as India, Vietnam and
Thailand, will also record healthy market gains. In developed areas of the
world, most notably Western Europe, the US and Japan, demand will rebound after
a period of decline, although sales advances will not be as strong as those in
developing nations.
Study coverage
This Freedonia industry study, World Plastics Processing
Machinery, is priced at $5900. It presents historical demand data through 2010
plus forecasts for 2015 and 2020 by product and primary application for six
world regions and 30 countries. The study also details market environment
factors, evaluates company market share and profiles global players such as
Engel, Haitian International, Husky Injection Molding Systems, Japan Steel
Works, KraussMaffei Technologies, Milacron, and Sumitomo Heavy Industries.
Excluded from the scope of this study are auxiliary equipment (such as
blenders, dryers, feeders and winders) and secondary equipment used to
improve the appearance or usefulness of the final product (like coating,
cutting, machining, polishing and printing machinery), except in situations in
which machinery is used in both primary and secondary plastics processing.
Plastics processing equipment that forms an integral part of a form/fill/seal
packaging machine and molds are also excluded.
Historical data for 2000, 2005 and 2010 and forecasts for 2015 and 2020 are
provided for plastics processing machinery demand by product type
and by market on a country-by-country basis, measured in million dollars. The
term “demand” actually refers to “apparent consumption” and is defined as
production (also referred to as “output” or “supply”) from a nation’s
indigenous plastics processing machinery manufacturing facilities plus imports
minus exports. It is used interchangeably with the terms “market,” “sales” and
“consumption.”
In addition, major global plastics processing machinery manufacturers are
identified and profiled, and the key competitive variables are discussed. The
entire report is framed within the world plastics processing machinery
industry’s economic, technological and market environments, and therefore
environmental variables affecting siding demand (especially building
construction expenditures), an important market for plastics, are emphasized.
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