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With the rapid development of the plastics industry, the market's demand for plastic molding and processing equipment has greatly increased. Many companies have introduced advanced technologies and designs from abroad and carried out digestion and absorption by means of joint ventures, cooperation, and purchase of manufacturing licenses with foreign companies of the same type. This has resulted in a significant increase in China's plastics machinery industry, and the products have initially met plastic processing. General industry requirements.
Plastic molding machine equipment market demand increased
The global demand for plastics processing machinery is expected to increase by 6.9% annually to reach US$37.1 billion in 2017. According to a new study by the US research group Freedonia Inc., it attributed this increase to better climate sales. Accelerate the investment in fixed assets investment and economic growth in the production of plastic products.
As the overall economic situation in the world is improving and incomes are rising, consumer demand and output of plastic products will continue to grow. The sales prospects for plastics processing equipment in China, India and Russia are promising. Turkey, the Czech Republic, Iran and other developing countries and regions have benefited from steady economic growth, continuous industrialization, and increased personal income. The demand for plastic processing equipment will increase. Packaging will remain the largest in the plastics processing machinery market, accounting for more than one-third of all 2017 sales. The next largest end market is consumer goods and construction.
Injection molding equipment will remain one of the most important processing machines, accounting for nearly 2/5 of new sales in 2017 due to its versatility in a wide range of applications, the company Freedonia said. But the group expects that the demand for plastics for 3D printers will grow fastest with the type of plastic processing equipment from a relatively small current market base. Extrusion machinery sales will increase at the next fastest rate and support the growth of world construction activities. China is currently the country’s largest equipment market, accounting for 29% of all 2012 sales, and will continue to lead global demand in 2017.
However, India will be the fastest-growing country, expanding 12% annually, the company Freedonia said. Based on the region, it stated that sales in Central and South America will climb the fastest, followed by Africa/Middle East.
The overall economic situation is getting better demand for plastic molding and processing equipment market
China is still the world’s largest machinery equipment market to date, accounting for 29% of the global market in 2012 and will continue to lead the global market. India will be the fastest growing country in the world, accounting for 12% of the global market share in 2013. According to the global regional market, the central and southern markets in the United States have the fastest growth rate, followed by Africa and the Middle East. It is expected that by 2017, affected by the development of the global transportation industry, machinery manufacturers in Asia and the Pacific can gain the advantage of rapid delivery.