Global plastic machinery market will increase by 3.5% annually

According to the latest survey results released by the US Industrial Market Research Corporation, the global market for plastics processing equipment will increase at an average annual rate of 3.5% and will reach 18.8 billion U.S. dollars by 2009.

The survey shows that 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 in the world is improving and incomes are rising, consumer demand and output of plastic products will continue to grow. The sales prospects for plastics processing equipment in China, India and Russia are promising. Turkey, the Czech Republic, Iran and other developing countries and regions have benefited from steady economic growth, continuous industrialization, and increased personal income. The demand for plastic processing equipment will increase.

From the product type, it is expected that 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 demand for extruded products such as pipes and siding, which in turn has boosted the demand for extrusion equipment worldwide.

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