Plastics processing machinery includes a variety of equipment. As per a Global Industry Analysts report, Global Plastics Processing Machinery Market is expected to exceed US$13 Billion by 2015. During the period between 2008 and 2009, global plastics processing machinery market witnessed a sharp decline.
The emerging markets of Brazil, China, India, and Russia are becoming significant contributors to sales volume and manufacturer revenues. While, low demand in domestic markets compelled manufacturers to look at other international markets to try and offset losses, which intensified price-based competition among them.
The global plastics processing machinery market’s major share is from Asia-Pacific and Europe and an increased demand for machinery is forecasted from Asia, Latin America, Eastern Europe, and Middle East and Africa and are expected to surpass the demand from developed markets of the US, Japan, and Western Europe, owing to factors such as steady economic growth, increased focus on industrialization, and rising per capita income level of the regions.
China is emerging as a major market for plastics processing machinery across the world and others like India and Russia are expected to be robust gains.
Injection molding machines
The important and still ground holding machine in the global plastics processing machinery market is injection molding machines. The continued dominance of injection molding machinery market is attributed to advantages such as enhanced accuracy in manufacturing products, high level of energy efficiency in the process, and improved flexibility, which enable machines to manufacture greater range and variety of products.
Extrusion machines
The market for extrusion machines is expected to register robust gains, benefiting from the growth in worldwide construction spending in the post-recession scenario that is likely to spur the demand for extruded goods such as sidings and pipes. Advancements in the extrusion technology are likely o bolster the sales of more productive and higher priced machinery.
Asia-Pacific and Europe collectively account for a major share of the global plastics processing machinery market, as stated by the new market research report on plastics processing machinery. Increased demand for machinery from Asia, Latin America, Eastern Europe, and Middle East and Africa is expected to surpass demand from developed markets of the US, Japan, and Western Europe, owing to factors such as steady economic growth, increased focus on industrialization, and rising per capita income level of the regions.
China is likely to emerge as a major market for plastics processing machinery across the world, while India and Russia are expected to register robust gains. The plastics processing machinery market in China is anticipated to reach US$3.5 billion by 2012. Countries with low-volume demand such as Iran, Malaysia, Vietnam, Czech Republic, Vietnam, Turkey, and Saudi Arabia are also expected to make rapid gains.
Plastic Processing Industry
Global 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 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.
