Resurgence in Downstream Plastic Processing Activity Spurs Demand for Plastics Processing Machinery, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Plastics Processing Machinery markets. Global market for Plastics Processing Machinery is forecast to reach US$37.6 billion by 2020, spurred by strong downstream plastic processing activity against a backdrop of growing demand for plastic goods in packaging, automotive, and construction industries.
San Jose, California (PRWEB) May 23, 2014
Follow us on LinkedIn – Encouraged by steady economic growth and increasing disposable income particularly in developing countries, demand for plastics processing machinery (PPM) is projected to witness strong growth. Steady improvement in global GDP is poised to benefit consumption of plastic resins. Packaging, construction, consumer and institutional sectors represent major application areas for plastics particularly in developing nations. Future growth in the market is forecast to come from developing Asian and Eastern regions. China is currently a veritable powerhouse of plastic processing activity. Chinese manufacturers corner a bulk of the global production of plastic injection molding machines. The United States is witnessing a rising trend toward reshoring of lower-labor applications in plastics and rubber production, with the move substantially benefitting the domestic market for injection molding machinery.
Advancements in plastics processing technologies such as servo-hydraulic designs and all-electric drives are enhancing production efficiency and optimizing energy consumption of PPM. Screw designs of plastic extrusion machinery have constantly been an area of attention for achieving high productivity. In addition, downstream plastic processing industry is witnessing a growing trend towards integrating automation and robotics into injection and blow molding machinery in a bid to enhance productivity, reduce cycle time, reduce costs and conserve energy throughout the production chain. New models of thermoforming machines are capable of manufacturing large components with deep drawings. Also, increasing demand for small- and micro-sized medical devices and components as a result of the growing popularity of minimally-invasive surgeries is expected to boost growth in the thermoplastic micro-injection molding equipment market. The telecommunications sector is emerging as another major application area for polymer micro injection molding, with the technique being used for the production of micro connectors utilized in fiber optic cables.
As stated by the new market research report on Plastics Processing Machinery, Asia-Pacific represents the largest regional market worldwide. Latin America is expected to register the fastest CAGR of 9.4% over the analysis period. Brazil represents an emerging market for new injection molding machinery, with high-end machines accounting for about a quarter of the overall demand. A large portion of demand for injection molding machinery comes from the automotive and packaging industries.
Major players covered in the report include Alpha Marathon Film Extrusion Technologies Inc., Aoki Technical Laboratory Inc., Arburg GmbH + Co. KG, BEKUM Maschinenfabriken GmbH, Berlyn Extruders, Inc., CROWN Machine, Inc., Donghua Machinery Ltd., FANUC Corporation, Fu Chun Shin Machinery Manufacture Co. Ltd., Haitian International Holdings Limited, Husky Injection Molding Systems Ltd, Kautex Maschinenbau GmbH, KraussMaffei Technologies GmbH, Lyle Industries Inc., Macro Engineering & Technology Inc., Milacron LLC, Ningbo Haida Plastic Machinery Co. Ltd., Nissei ASB Machine Co. Ltd., Queen’s Machinery Co. Ltd., Sidel, Sumitomo (SHI) Demag Plastics Machinery GmbH, Sunningdale Tech Ltd, Toshiba Machine Co. Ltd. among others.
The research report titled “Plastics Processing Machinery: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, technological trends, growth drivers, issues, challenges, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America, and Rest of World. Product types analyzed in the report include Injection Molding Machines, Blow Molding Machines, Extrusion Machines, Thermoforming Machines, and Other Plastic Processing Machines.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/Plastics_Processing_Machinery_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
For the original version on PRWeb visit: http://www.prweb.com/releases/plastic_processing_market/thermoforming_machines/prweb11880379.htm