Global machinery demand growing 6 percent annually

Published: January 16, 2012 6:00 am ET

Related to this story

Topics Construction, Injection Molding, Pipe/Profile/Tubing, Machinery

CLEVELAND (Jan. 16, 12:50 p.m. ET) — Global demand for plastics processing machinery is projected to rise 6 percent annually through 2015, according to a new market study.

Demand will reach to $28.9 billion by 2015, thanks to an acceleration in plastic product manufacturing, as well as by a favorable fixed investment environment worldwide, according to “World Plastics Processing Machinery” from Cleveland’s Freedonia Group Inc.

North American demand will grow from about $2.64 billion in 2010 to $3.43 billion in 2015, for an average annual growth rate of 5.4 percent.

In contrast, between 2005 and 2010 demand in North America shrunk, from $3.15 billion.

China will account for more than 40 percent of all additional global demand through 2015, according to the report.

Among major product types, extrusion equipment will post the strongest gains through 2015, benefiting from growth in construction spending. Injection molding equipment will remain the largest segment, accounting for 40 percent of demand in 2015.

The 392-page report costs $5,900.


Comments

Global machinery demand growing 6 percent annually

Published: January 16, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Kingspan adds more European production with Joris Ide acquisition

January 27, 2015 10:30 am ET

Kingspan Group plc has purchased insulated panels and building systems supplier Joris Ide Group for 315 million euros ($356 million).    More

Image

Major packaging merger includes plastics operations

January 26, 2015 12:24 pm ET

A merger of packaging companies MeadWestvaco Corp. and Rock-Tenn Inc. will create a new company with nearly $16 billion in annual sales.    More

Image

Viking Plastics honored for employee relations

January 26, 2015 12:43 pm ET

Custom injection molder Viking Plastics has won DevelopErie’s 2014 Employer of the Year Award for manufacturing in the Erie, Pa., region.    More

Image

Continental builds low-emission interior trim factory in China

January 26, 2015 12:33 pm ET

Benecke-Kaliko AG is making the largest investment in its history to build an environmentally friendly auto interior trim plant in China, prompted by ...    More

Image

Hyundai Mobis investing $24 million to expand in Slovakia

January 22, 2015 9:28 am ET

South Korean auto parts maker Hyundai Mobis has unveiled plans to invest about 21 million euros ($24.1 million) to modernize and expand the output cap...    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Upcoming Plastics News Events

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events