Abstract
Global demand to climb 4.7% annually through 2012
Global demand for plastics processing machinery is forecast to climb 4.7
percent annually through 2012 to $24.9 billion. Product sales will be spurred
by ongoing economic growth and rising personal income levels, resulting in
increased plastics product consumption, processing activity and associated
equipment demand. Market advances will be constrained to some extent by a
moderation in fixed investment spending following a period of healthy gains,
as well as by competition from used and rebuilt machinery. However, the large
increases that have been recorded in energy and resin prices in recent years
will provide some offsetting support, leading to the replacement of older
plastics processing equipment by new machinery that is more productive and
energy efficient.
Product sales in developing areas to outpace demand in developed markets
Product sales in developing parts of Asia, Eastern Europe, the Africa/Mideast
region and Latin America will outpace demand in the US, Western Europe and
Japan through 2012. Advances will be stimulated by healthy economic growth,
ongoing industrialization efforts and rising per capita income in developing
areas. China will post the largest gains of any national market in value
terms. Plastics processing equipment demand in the country will rise by over
$1.6 billion from 2007 to 2012, when China will account for close to
one-fourth of the global market total. Two of the other three BRIC nations --
India and Russia -- will also record strong advances, while machinery sales
growth in Brazil will be more subdued, due in part to the doubledigit annual
increases in demand that have been registered in recent years. Gains are
expected to be healthy as well in lower-volume markets such as the Czech
Republic, Iran, Malaysia, Saudi Arabia, Turkey and Vietnam.
Plastics processing equipment demand in developed parts of the world will
expand as well, although growth will be much less robust than in developing
countries. Product sales will be driven by generally favorable economic
conditions and further increases in plastics processing activity in developed
areas, bolstering demand for plastics processing machinery as fixed investment
activity climbs.
Extrusion equipment to post strongest gains
Extrusion equipment will post the strongest gains of any major product type
through 2012, benefitting from growth in global construction spending, which
will fuel demand for extruded goods like pipe and siding, as well as by
further advances in extrusion technology, resulting in increased sales of
higher priced, more productive machinery. Demand for other miscellaneous
equipment will also rise at an above-average rate, led by products like rapid
prototyping and manufacturing, reaction injection molding and rotomolding
machines, which do not require the use of molds and can replace injection
molding in some low-volume applications. However, injection molding equipment
will continue to account for almost two-fifths of the 2012 plastics processing
machinery market total, benefitting from the greater accuracy, energy
efficiency, flexibility and output of newer generations of equipment.
Study coverage
This new Freedonia industry study, World Plastics Processing Machinery
presents historical demand data (1997, 2002, 2007) plus forecasts for 2012 and
2017 by product, application, world region and for 30 major countries. The
study also considers market environment factors, evaluates company market
share and profiles industry competitors.
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