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The outlook for consumption in the European plastics industry is expected to be short-term

  • Categories:Industry news
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  • Time of issue:2013-11-19 02:12
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(Summary description)In the field of plastic product terminal applications, consumer electronics is expected to become the fastest growing market for plastics. In the next few years

The outlook for consumption in the European plastics industry is expected to be short-term

(Summary description)In the field of plastic product terminal applications, consumer electronics is expected to become the fastest growing market for plastics. In the next few years

  • Categories:Industry news
  • Author:
  • Origin:
  • Time of issue:2013-11-19 02:12
  • Views:
Information

From a set of data, the global hard plastics market demand will reach 284 million tons in 2016. This shows that the global plastics industry consumption market prospects are expected. In terms of demand, Europe will become the fastest growing market for plastics in the world during 2013-2016.

Axis Research Mind has released a report that it is affected by the strong demand for sheet (hard/soft plastic), resin (thermoplastic/thermoset) and end products (such as food packaging, beverage packaging, building materials plastics, medical plastics). Plastic consumption is expected to exceed 500 million tons in 2016.

Thanks to the rapid rise and rapid development of emerging countries, in general, PP and PE will become a powerful driving force for the plastics industry to continue moving forward. In the next three years, its market demand rate will account for 46% of total demand.

Axis Research Mind said that the market for hard/soft packaging, resin, sheet and end product applications is helping to further boost the demand for plastics and promote the healthy development of the global plastics industry. There are many investment opportunities in the plastics industry, and there is huge room for development. In recent years, plastic packaging has become one of the hot investment industries.

In the field of plastic product terminal applications, consumer electronics is expected to become the fastest growing market for plastics. In the next few years, its demand compound annual growth rate will reach 9%. In addition, the application prospects of plastics in the fields of daily necessities, automobiles, household appliances, and health care are also very promising.

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