Everybody knows that industrial machinery is highly cyclical, full of booms and busts. That certainly was true during Plastics News 25 years. We reported on memorable boom times of the late 1990s, then a slow decade-long decline that collapsed in the Great Recession, a painful and downright scary time. Since then industrial production, and machinery sales, have bounced back sharply.
Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.
Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.