17 September 2018: Plastics are used in the manufacturing of almost every tangible goods. They exhibit excellent properties such as aesthetic appeal, light-weight, durability, flexibility, energy-saving, low density, insulation, and high weathering. These advantages are widening the scope of applications of plastic processing machinery.
Injection Molding Machines to Remain Preferred Choice through 2025
On the basis of technique, plastic processing machinery can be classified into injection molding machine (IMM), blow molding machine (BMM), extrusion, and others. Injection molding machines are extensively used for processing plastic parts in massive volumes. Companies involved in plastic processing are preferring this technique due to its several advantages such as low production cost, low scrap rates, improved strength, and high efficiency. These benefits are further complemented by part reliability and brand consistency offered by IMM. These machines are widely used in the consumer goods, white goods, packaging, and automotive sectors.
Over the past few years, injection molding machines have undergone several technological innovations, which have paved way for several hybrid high-performance versions and multi-component applications. For instance, Allrounder 570A by Arburg GmbH + Co. KG includes Selogica, a freely programmable control system, to offer full integration of IMM, robotics, and peripherals such as rotary units. Therefore, technological advancements will contribute to the growth of the segment through 2025.
Market Insights
According to a report by Grand View Research Inc., the global plastic processing machinery market is projected to amount to USD 43.7 billion by 2025. Automotive original equipment manufacturers (OEMs) are increasingly adopting plastic components and parts to cut down the gross weight of vehicles and subsequently enhance the fuel efficiency and performance. This is providing a tremendous boost to the market. Besides this, implementation of conducive policies by governments in emerging economies, such as India and China, is promoting foreign direct investments, which in turn is likely to stoke the growth of the market.
Asia Pacific was at the forefront of growth in 2016 in terms of revenue. Easy availability of land and skilled labor at low cost is supplementing the growth of the region. Some of the prominent players in the global arena are Sumitomo Heavy Industries, Ltd., Husky Injection Molding Systems, Milacron Holdings Corporation, Persimmon Technologies Corporation, and The Japan Steel Works, Ltd.
In-Depth Research Report On Plastic Processing Machinery Market:
https://www.grandviewresearch.com/industry-analysis/plastic-processing-machinery-market
No comments:
Post a Comment