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This market survey shows that the demand for plastics processing equipment in the United States and Japan will show signs of recovery, and demand in Western Europe will accelerate in 2009. As the overall economic situation improves and income levels increase, the consumer demand and production output of plastic products will continue to grow.
According to the survey report, industry analysts believe that sales prospects for plastics processing equipment in China, India, and Russia are promising; Turkey, the Czech Republic and Iran and other developing countries and regions benefit from steady economic growth, continuous industrialization, and personal income. With the increase, the demand for plastic processing equipment will also increase.
From the point of view of product type, the global demand for extrusion equipment will exceed other types of plastic processing equipment. The continuous development of the global construction market has stimulated the market's demand for extruded products such as pipes and siding, which in turn has driven the global demand for extrusion equipment. By 2009, extrusion molding equipment will be one of the most commonly used plastic processing equipment.
Global plastics processing equipment reached $18.8 billion in 2009
According to the latest survey results released by the US Industrial Market Research Corporation, the global demand for plastics processing equipment will increase at an annual rate of 3.5%, and will reach 18.8 billion US dollars by 2009.