Market scenario

Plastic processing industry on a growth drive

| Author / Editor: Ahlam Rais / Ahlam Rais

Fakuma will feature interesting sessions on processes for sustainable recycling, green and lightweight products, Industry 4.0-compatible systems and components, and much more.
Fakuma will feature interesting sessions on processes for sustainable recycling, green and lightweight products, Industry 4.0-compatible systems and components, and much more. (Source: Fakuma)

With the demand for plastics growing, the market has also witnessed a rise in the demand for plastic processing technologies. It is here that events like Fakuma come in to display the latest and most innovative solutions for the industry of today.

Plastics are not new to mankind and over a period of time it has been used across various industries such as packaging, construction, automobiles, etc. Available in different types including polyethylene, polyvinyl chloride, polypropylene, polystyrene, the global market for the plastics industry is huge. According to a report by Markets and Markets, the global plastics market is projected to reach 586.24 billion dollars by 2021, at a Compound Annual Growth Rate (CAGR) of 6.84 %. By volume, the market is projected to reach 332.4 million tonnes by 2021, at a CAGR of 4.68 %. Specifically speaking about Europe, the region’s EUROMAP, the umbrella organisation of the European Plastics and Rubber Industry has stated that in 2017, production output of the industry experienced above average growth amounting to 7 %.

Has mixed construction passed its zenith for the time being?

R & D

Has mixed construction passed its zenith for the time being?

04/09/2018 - No-one disputes the necessity of lightweight construction in transport, in aerospace, packaging and in the moving parts of machines, systems and installations. But, for the moment, has mixed construction with fibre-reinforced plastics passed its zenith? read...

Asia: Growing market for plastics

Overall, the global demand for plastics is showing significant progress especially in Asia. The Asia-Pacific region is the fastest-growing market for plastics, in terms of value and volume. This is due to increasing investments by companies, especially in the automotive sector; the growing shift of production facilities to emerging economies; and a strong industrial base in the construction sector, mentions a report by Research and Markets. Some of the major players catering to this growing industry include Exxon Mobil Chemical Company, the Dow Chemical Company, Solvay, Sabic, Borealis, Huntsman Corporation, and many more.

Step into digital reality with EuroBLECH 2018

Event preview

Step into digital reality with EuroBLECH 2018

05/09/2018 - Known as one of the world’s largest exhibitions for the sheet metal working industry, EuroBLECH intends to make the concept of digitalisation easy for organisations to understand and implement in their respective sheet metal working businesses. read...

Fakuma 2018

With the rising demand, there is also a need for innovative and cutting-edge plastics processing technologies. Hence, taking advantage of this upbeat market scenario, P. E. Schall & Co. will be hosting one of the most popular shows for the plastics processing industry – Fakuma 2018 in Friedrichshafen, Germany. Expected to be held between October 16–20, industry players will be excited to visit the trade fair as numerous state-of-the-art plastic processing technologies will be showcased including injection moulding, extrusion, thermoforming, 3D printing , etc. It also serves as the perfect platform to network with pioneers from the sector and to get updated on the latest industry happenings.

The international show will also feature interesting sessions and discussions about processes for sustainable recycling, green and lightweight products, industry 4.0-compatible systems and components, and much more. The last edition of Fakuma welcomed around 1,889 exhibitors from 783 foreign countries and this year the show is expecting an even higher turnout. With so many innovations and dynamic ideas under one roof, the event is bound to attract significant business deals and potential leads for players in the market.

We wish all the exhibitors and visitors all the best for the show!

For more news visit our facebook page or twitter.

copyright

This article is protected by copyright. You want to use it for your own purpose? Infos can be found under www.mycontentfactory.de (ID: 45497950 / Global)