CLEVELAND, Feb. 20, 2018 /PRNewswire/ -- Plastics
processing machinery demand in China is projected to advance 5.1% per year to
$10.8 billion in 2021. Growth is
being driven by the country's rising middle class and its demand
for more premium plastic goods, which is forcing plastics
processors to purchase higher-end machines. This and other trends
are presented in Global Plastics Processing Machinery, 6th
Edition, a new study from The Freedonia Group, a
Cleveland-based industry research
firm.
More information about this study is here:
https://www.freedoniagroup.com/industry-study/global-plastics-processing-machinery-by-product-and-market-6th-edition-3603.htm
3D plastics printers will see the fastest gains of any
product type, but will account for only 4% of total demand in
2021. Unlike the US and Western
Europe, where most traditional plastics processing activity
has long been offshored, China
remains the global center for large-scale mass production of
commodity goods. This will limit interest in the supply chain and
customization advantages that 3D printing offers developed world
manufacturers.
The consumer/institutional market will see the fastest growth
of any market, increasing 5.6% per year through 2021.
China's middle class will again
drive gains for this market, with construction seeing less demand
due to a slowdown in infrastructure development.
Related studies include:
#3602 Siding Market in the US, 17th Edition
(January 2018)
#3595 Global Plastic Caps & Closures Market
(December 2017)
About The Freedonia Group, a division of
MarketResearch.com – The Freedonia Group is a leading
international industrial research company publishing more than 100
studies annually. Since 1985, we have provided research to
customers ranging in size from global conglomerates to one-person
consulting firms. More than 90% of the industrial companies in the
Fortune 500 use Freedonia Group research to help with their
strategic planning. Additional Machinery & Equipment studies
can be purchased at www.freedoniagroup.com,
www.marketresearch.com and www.profound.com.
Press Contact:
Corinne
Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com
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SOURCE The Freedonia Group