The global plastics processing machinery market is projected to cross US$16.5 billion by 2009, at a CAGR of over 3.8%. Increased activities in construction, automobile, and consumer markets in developing nations continue to fuel demand for sophisticated plastics processing machinery.
San Jose, CA (PRWEB) July 23, 2007 -- Global plastics processing machinery market remains strong with developing nations registering robust market gains. Growing demand for plastics in traditional and novel markets is also expected to foster machinery sales. Manufacturers based in United States, Europe, and Asia mainly dominates the industry. Competitive factors that determine player dominance include technological superiority, price, customer service, and performance. With plastics processing industry experiencing an increasing shift of manufacturing facilities to Eastern Europe and Asian countries, the production landscape is expected to change significantly in the years to come. Asia-Pacific is the largest and the fastest growing plastics processing machinery market. The region is projected to reach US$5.9 billion by the year 2009, at a CAGR of about 6% during the ten-year analysis period. China, with burgeoning demand for plastics, is the leading market for plastics manufacturing machines. The country still presents an immense opportunity for high technology state-of-the-art machinery manufacturers. Russia, India, and Brazil comprise the potential growth markets.
Injection molding market is expected to continue to be the largest segment in terms of sales with advancements in technology, enhancing flexibility and efficiency in production. The segment is anticipated to cross US$8.6 billion by 2009, as stated by Global Industry Analysts, Inc. Growing demand for injection molding machinery is attributed to high growth opportunities in applications such as packaging, motor vehicle, consumer, electronics, electrical, and other sectors. Extrusion machinery market is projected to grow at a CAGR of more than 4.2% during the analysis period and cross US$3.4 billion by the year 2010.
Construction products, automotive parts, and packaging are the three major application areas for plastics. The usage of plastics products in construction and automotive sector is expected to be immense, with construction and automotive activities taking place in developing nations. The other potential growth sectors include electronics, information technology, and health sector. Plastics processors across Japan and United States are opting for electric injection molding machinery. Electric injection molding machinery uses 30-50% less electricity than hydraulic injection molding machinery and offers faster production cycles with high precision.
The report titled "Plastics Processing Machinery: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a review of market trends, factors influencing the market, major producing and exporting nations, product technology drivers, product overview, competition, product introductions/innovations, and recent industry activity. The study also analyzes market data and analytics in value sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World by the following product segments -- Injection Molding Machines, Blow Molding Machines, Extrusion Machines, Thermoforming Machines, and Other Plastics Processing Machines.
Key players dominating the global plastics processing machinery market include Alpha Marathon Technologies, Berstorff ZE, Brampton Engineering, Davis-Standard, Demag Plastics Group, Donghua Machinery, Fanuc, Film-Blowing Queen Queens Machinery, Fu Chun Shin Machinery Manufacture, G.N. Plastics Company, Graham Engineering, Husky Injection Molding Systems, Intype Enterprise, Italtech, Japan Steel Works, Macro Engineering & Technology, Mannesmann Plastics Machinery, Milacron, Ninbo Haitian Group, Nissei ASB Machine, Sumitomo Heavy Industries, Sumitomo Plastics Machinery, and Toshiba Machine
For more details about this research report, please visit http://www.strategyr.com/MCP-1439.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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