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Smart manufacturing gathering pace in China

Smart manufacturing gathering pace in ChinaAs next-generation information technology has gained pace in its penetration into the manufacturing sector, modern industry is knocking on the door of smart manufacturing. To seize this opportunity, Chinese enterprises of various fields have speeded up integration and innovation, promoting major changes in such aspects as manufacturing management methods and business models. As a result, a series of new models and new forms of businesses have emerged.Top level design of Made in China 2025 initiative completedChina’s philosophy in manufacturing and informationization has been gradually advancing over the years from the 10th Five-Year plan period (2001-2005) through to the 13th Five-year Plan period (2016-2020).According to Ma Zhongyu, Deputy Director of the State Information Center (SIC) of China, China’s intelligent manufacturing industry has a huge potential, with its output value expected to exceed RMB 3 trillion by 2020, growing at a compound annual growth rate (CAGR) of approximately 20%.Made in China 2025 is the central government’s first 10-year action plan to turn the country into a manufacturing giant. Formally issued in 2015 by the State Council, it plays a significant role in stabilizing China’s industrial growth and accelerates the transformation and upgrading of its manufacturing industry.Luo Wen, Director of the Planning Department of China’s Ministry of Industry and Information Technology (MIIT), said that the initiative’s top level design has largely been completed, and a rise can be seen in building up innovation and basic capacities of the manufacturing industry.“In the future, it is necessary to continue to keep the focus on intelligent manufacturing on one hand; on the other hand, priorities have to be put on developing next-generation information technology and new material industries, in order to enhance the strength of China’s core basic industries,” he said.So far, China has begun 226 projects to run comprehensive, standardized tests on intelligent manufacturing technologies and apply new manufacturing models. In addition, 109 pilot demonstration projects in intelligent manufacturing have been selected and a total of 47 directions and 61 projects to strengthen the foundations of industry have been arranged.On August 15, MIIT released the 2017 list of “Sino-German Intelligent Manufacturing Pilot Demonstration Projects”. Involving 17 projects covering four aspects: industrial cooperation, cooperation on standardization, establishment of demonstration parks, and cultivation of talents, the list gives another boost to the in-depth development of cooperation between China and Germany on intelligent manufacturing. Germany is where Industry 4.0 originates; therefore, it is significant to strategically align MIC 2025 with Germany’s Industry 4.0.From robots to networked, smart manufacturingIndustry 4.0, or smart manufacturing is influencing China’s manufacturing industry. In a recent interview with CPRJ China Plastic & Rubber Journal, Zeng Yubo, Secretary General of International Smart Manufacturing Industry Alliance (ISMIA), told us that in the past few years, he was most impressed by the gradual change of people’s perception of Industry 4.0 or smart manufacturing, from craving for robots initially, to pursuing network- and intelligence-based manufacturing.Currently, the manufacturing sector is actively investing not only in advanced equipment but also in upgrading with automation technology. It also shows a higher degree of acceptance towards Management Execution System (MES).Secondly, thanks to China’s well-developed internet, innovations in business model brought by internet are driving innovation in manufacturing technology. For instance, the popularity of the bike sharing model has given birth to airless tires, and the Internet of Things (IoT) has enabled enterprises to strengthen their industry chain management.“In this revolution, robots are no more than the most fundamental step, and supply chain management and product lifecycle management are the real focus and challenges for Industry 4.0,” said Zeng.Leading household products producers plan for intelligent manufacturingChina’s leading plastic consumer goods company Beijing Citylong opened a new, highly intelligent factory in Tianjin in June 2016. According to insiders, more than 100 injection molding machines from Haitian and Engel, and Piovan automatic feeding system from Italy are installed. Moreover, it is also a pioneer in the use of “discrete manufacturing intelligent factory system” and intelligent 3D warehouse.According to Citylong President Pan Shibing, the intelligent 3D warehouse offers five times as much space as general 3D warehouses, and reduces management and logistics staff by 90%. Leveraging intelligent stock matching and retrieval functions, it improves internal warehousing logistics efficiency by over 70%. Its intelligent order distribution function with custom logics contributes to the realization of inventory safety, quality tracking and the best dispatching of goods.And the introduction of Warehouse Management System (WMS) for intelligent 3D warehouses is revolutionizing the informationization of factory warehouses by providing enormous support to a sales network across the country.In addition to Citylong, leading furniture enterprises such as Guangdong Haixing Plastic & Rubber Co. Ltd. and Chahua Modern Housewares Co. Ltd. are also promoting the application of automatic and intelligent technology.Panjin Haixing Technology Co. Ltd. is an investment project of Guangdong Haixing in Liaoning province. With the use of a kind of 3D production line with joint stacking robots and digital warehousing systems, the company has improved its production efficiency by 2.5 times while reducing its warehouse and logistics staff by 60%, according to Li Gangmin, an expert from the Committee of Plastic Household Products of the China Plastics Processing Industry Association (CPPIA) who took part in the project.“Basically, household products manufacturers that use injection molding as their core production means, have included automation technology in their new projects in recent years,” remarked Liang Jiajie, Secretary General of the Committee of Plastic Household Products of the CPPIA.He further said, “In the aspect of informationization, enterprises are actively introducing more digital management platforms, such as CRM (Customer Relationship Management), MES, and WMS systems, based on their ERP (Enterprise Resource Planning) implementation. Moreover, more enterprises also begin to establish their own information engineering departments and recruit professionals in the intelligent manufacturing field.”Wahaha achieves automation from materials to finished productsWahaha is one of the leaders in automated production in China.As an enterprise chosen to be a “Retrofit Pilot for Food and Beverage Manufacturing Process Intelligence”, Hangzhou Wahaha Group is actively promoting relevant projects.Talking to CPRJ in an exclusive interview, Yang Lin, Director of Wahaha’s Equipment Department, said, “For our production systems, Wahaha adopts an engineering design that connects up the preform and cap manufacturing systems and the filling and packaging systems. This reduces the number of intermediate processes and hence further improves the production efficiency.”Wahaha is a leader in automated production and has accomplished complete automation of the entire process, from raw materials to finished products, at the production lines of almost all of its factories. In fact, as a flow manufacturing industry, food and beverage manufacturing has a better foundation in mechanization and automation when compared with other industries.Meanwhile, Wahaha is also engaged in the application of highly integrated information technology. Transversely speaking, Wahaha has established a comprehensive enterprise information management system that is built with SAP as the core and leverages the Internet and big data technologies in combination with such analytic tools as business intelligence to analyze its business lines of production, supply and marketing.Vertically speaking, Wahaha has preliminarily completed the architecture of the middle level, i.e. MES. The system that captures fundamental data from plant floor sensors, equipment and production lines has also been put into implementation. As for the future, the group strives to achieve comprehensive integration of information starting from sensors to the ERP system.Gree turns to intelligent equipment manufacturingGree has stepped into the production intelligent equipment.Gree Electric Appliances has been insisting on independently develop and grasp core technology in order to lead China to leapfrog from “Made in China” to “Created in China” and “Intelligently Made in China”.In recent years, Gree has been gradually moving forward to technology-related diversification and therefore it is crucial for the company to be able to take the lead in the area of intelligent equipment.As early as in 2012, Gree established technical units including an office of automation, department of automation equipment manufacturing, and R&D centers for automation technology and intelligent equipment, with focus locked on two areas: intelligent equipment and precision dies and molds.Following five years of development, Gree accomplished the automation of its internal production lines and improved its overall production efficiency by 10.5% through the use of intelligent equipment independently developed and built by the company.Meanwhile, Gree has also realized the integrated application of customized industrial robots, and large automated production line solutions, which are both oriented towards the market. The company’s offering of intelligent equipment products covers more than 100 specifications of products in 10+ areas, including CNC machining centers, industrial robots, servo robots, intelligent warehouse equipment, and intelligent inspection equipment.Gree has also accomplished the independent development and production of four critical components of industrial robots, namely controllers, actuators, servo motors and reducers. By implementing China’s national development strategy through corporate transformation and upgrading, Gree is injecting fresh blood into this revolution.“Made in China” has been changing over time, from copying to creating, and from learning the forms to innovating the essence. Following the further optimization of the policy for intelligent manufacturing, the continuous breakthrough in critical common technology and core equipment, the gradual improvement in intelligent manufacturing standards, and the integration of new-generation Information and Communications Technology (ICT) with production processes, management process, equipment, and products, “Made in China” will move faster in its transformation and upgrading to “Intelligently Made in China”.Source: China Plastic & Rubber Journal
Aeyoung Park 2018-03-13
기사제목

Worldwide spending on 3D printing to reach US$12 billion in 2018

Worldwide spending on 3D printing to reach US$12 billion in 2018 The global spending on 3D printing (including hardware, materials, software, and services) will be nearly US$12.0 billion in 2018, an increase of 19.9% over 2017, according to the new update to the Worldwide Semiannual 3D Printing Spending Guide from International Data Corporation (IDC).By 2021, IDC expects worldwide spending to be nearly US$20.0 billion with a five-year compound annual growth rate (CAGR) of 20.5%. Together, 3D printers and materials will account for roughly two thirds of the worldwide spending total throughout the forecast, reaching $6.9 billion and $6.7 billion respectively in 2021. Services spending will trail slightly behind, reaching $5.5 billion in 2021 and led by on-demand parts services and systems integration services. Purchases of 3DP software will grow more slowly than the overall market with a five-year CAGR of 18.6%. As said, discrete manufacturing will be the dominant industry for 3D printing, delivering more than half of all worldwide spending throughout the 2017-2021 forecast. Healthcare providers will be the second largest industry with a spending total of nearly US$1.3 billion in 2018. "Parts for new products, aftermarket parts, dental objects, and medical support objects will continue to see significant growth opportunities over the next five years as 3D printing goes more mainstream. The healthcare industry is also poised to double its share of spend through 2021 as the benefits of cost-effective customized printing continue to be realized," said Marianne D'Aquila, research manager, Customer Insights and Analysis at IDC. According to the report, the US will be the region with the largest spending total in 2018 (US$4.1 billion) followed by Western Europe (US$3.5 billion). Together, these two regions will provide nearly two thirds of all 3D printing spending throughout the forecast.China will be the third largest region with more than US$1.5 billion in spending this year, followed by Central and Eastern Europe (CEE), the Middle East and Africa (MEA), and the rest of Asia/Pacific (excluding Japan). Source: China Plastic & Rubber Journal International
관리자 2018-01-26
기사제목

World’s top 10 companies exporting injection molding machines to the US

World’s top 10 companies exporting injection molding machines to the US ▲ Top 10 companies exporting injection molding machines to the US in 2016. (Source: Plastics Insight)Injection molding machines imports in the US has been growing since 2012, and the number of units imported in 2016 was about the same as in 2015, according to the market intelligence platform Plastics Insight.The Plastics Insight’s findings based on customs data saw Engel as the biggest exporter of machines to the US, as Engel Austria GmbH and Engel de Mexico S.A. de C.V. shipped 706 and 245 injection molding machines respectively to the US in 2016.The second biggest exporter was Japan Steel Works Ltd with 568 units shipped, while Arburg shipped 404 units to the US, followed by Japan’s Nissei Plastics Industrial Co. Ltd. with 391 units.The top exporters from China include Riyue Heavy Industrial Co. Ltd., Haitian Huayuan Hong Kong Ltd. and Borch Machinery Co. Ltd. Source: China Plastic & Rubber Journal International
Aeyoung Park 2018-01-24
기사제목

Latest figures: the US a booming market for Chinese plastics machinery

Exports of Chinese plastics processing machinery remain strong with remarkable increase in volumes and value for January to November, 2017 when compared to the same period of previous year.▲ Chinese plastics processing machinery recorded remarkable increase in export volumes and value for January to November, 2017.Higher export volumes and valueA total of 737,021 units of plastics machinery were exported with value of US$1.991 billion in the first eleven months of 2017, according to the report of China Plastics Machinery Industry Association (CPMIA).This represents an increase of 33% and 11% YoY (Year over Year) on export volumes and export value respectively. Meanwhile, the per unit export price was US$3,000.Injection molding machines, extruders, blow molding machines, bridge-die-forming machines and calendar forming machines were the major types of machines being exported. In total, 87,813 units were exported at US$1.717 billion from January to November, representing 11.91% of the total export volume and 86.23% of the export values.As a result, China recorded a favorable balance of US$386 million in plastics machinery trading.Of the 10 major export destinations of Chinese plastics machinery, the US, India, Mexico, Bangladesh and Malaysia experienced a faster growth. In particular, 259,455 units were exported to the US through January to November, up 79.21% when compared to previous year's same period. The Chinese 3D printers comprised 83.93% of the total export volumes, continuing to take the US market by storm.China importing pricier machine unitsFrom January to November, China imported 19,717 units of plastics processing machinery, a drop of 27% YoY. However, import values increased by 31% to US$1.605 billion. The per unit import price was US$80,000 (US$50,000 in previous year).Machines from other Asian countries constituted the major portion of China's imports, in which 15,624 units were shipped to China at US$936 million. They represent 79.28% and 58.09% of the total import volumes and values respectively.In particular, imports from Japan grew by 49.96% and 43.20% in volumes and values compared with the same period of previous year.Imports from Europe amounted to 2,368 units at US$592 million, representing 12.02% of the total volume and 36.73% of the total values. Germany's import volumes dropped 36.36%, but values were increased by 16.36%, while import volumes from Italy grew 47.15%, but values dropped 0.65%.There are 402 enterprises above designated size in the Chinese plastics machinery industry. In November, both income from major operations and profit increased more than 12% YoY.2017 Top 10 import destinations of Chinese plastics machinery(Jan – Nov, 2017):2017 Top 10 Chinese plastics machinery export destinations(Jan – Nov, 2017):Source: China Plastic & Rubber Journal International
Aeyoung Park 2018-01-24
기사제목

US Plastics Machinery Shipments Jumped 20 Percent

US Plastics Machinery Shipments Jumped 20 PercentNorth American shipments of primary plastics machinery posted a strong year-over-year increase in Q3 of 2017 according to statistics compiled and reported by the Plastics Industry Association’s (Plastics) Committee on Equipment Statistics (CES). This marked the second consecutive quarterly Y/Y increase in this data.The preliminary estimate for shipments of primary plastics equipment (injection molding, extrusion, and blow molding equipment) for reporting companies totaled USD 350.8 million in the third quarter. This was 20.4% higher than the total of USD 291.3 million in Q3 of 2016, and it was 4% stronger than the revised USD 337.2 million from Q2 of 2017. This Y/Y gain in Q2 followed a revised 6.5% Y/Y increase in the quarterly total from Q2.“After hitting a plateau in the second half of 2016, the upward trend in the shipments data for plastics equipment re-emerged in the third quarter of 2017. Quarterly gains of 20 percent will not be sustained going forward, but the plastics industry is entering the New Year with more momentum than it did a year ago. I still expect the underlying economic fundamentals in the U.S. to push higher, and global demand will also improve in 2018,” according to Bill Wood, of Mountaintop Economics & Research, Inc. The shipments value of injection molding machinery increased 21% in Q3 when compared with last year. The shipments value of single-screw extruders declined by 2 percent. The shipments value of twin-screw extruders (which includes both co-rotating and counter-rotating machines) jumped 61 percent. The shipments value of blow molding machines was not reported in Q3.Demand for auxiliary equipment also appeared to be strong in the third quarter according to the latest estimate for total bookings. Actual comparisons in this year’s quarterly auxiliary data to last year’s quarterly totals are unavailable due to a change in the number of reporting companies.The strong results in the CES machinery data in the third quarter were matched by solid gains in two other data series that track the U.S. industrial machinery sector. According to data compiled by the Census Bureau, the total value for new orders of US industrial machinery escalated 8% in Q3 of 2017 when compared with last year. And according to data compiled and reported by the Bureau of Economic Analysis (BEA), business investment in industrial equipment increased 7.6% (seasonally-adjusted, annualized rate) in Q3 of 2017 when compared with the previous year.The CES also conducts a quarterly survey of plastics machinery suppliers that asks about their future expectations. According to the Q3 survey, 87% of respondents expect market conditions to either hold steady or get better during the next year. This is up slightly from 86% in Q2.Global market conditions in the coming year are expected to come in steady-to-better. This is a bit more optimistic than the outlook in Q2. Expectations for North America improved slightly. Expectations for Latin America and Europe were little changed. Expectations for Mexico declined, but there was a big increase in positive sentiment for Asia in the coming year.The respondents to the Q3 survey currently expect that packaging will be the strongest end-market in the coming year. The outlook for demand from the electronics sector also improved. The outlook for all other major end-markets called for steady-to-better conditions.Source: https://www.kunststoffe.de/en/news/overview/artikel/us-plastics-machinery-shipments-jumped-20-percent-yy-in-q3-of-2017-4994662.html
Aeyoung Park 2017-12-27
기사제목

German machine tool orders continuingly stable at a very high level

EMO Hannover 2017 augurs well for rising orders in the year’s second half   ▲ Order bookings in the German machine tool industryIn the second quarter of 2017, order bookings in the German machine tool in-dustry fell by 7 per cent compared to the preceding year’s equivalent period. Domestic orders were down by 27 per cent, while export orders rose by 4 per cent. In the first half of 2017, total order bookings shrank by 1 per cent, with domestic orders decreasing by 15 per cent. Order bookings from abroad were up by 6 per cent. Forming technology is performing better than metal-cutting machinery.   “With the mid-year figures, we’re well on course of our expectations,” comments Dr. Wilfried Schäfer, Executive Director of the sectoral organisation VDW (Ger-man Machine Tool Builders’ Association) in Frankfurt am Main. Export orders continued their uptrend, with the Eurozone nations still constituting the principal drivers. Their orders rose twice as steeply as orders from the rest of the world. Following the substantial growth of last year, driven primarily by project busi-ness with the international automotive industry, the high level achieved is pre-dicted to continue through 2017.  ▲ Dr. Wilfried Schäfer, Executive Director of the VDW (German Ma-chine Tool Builders’ Association), Frankfurt am Main“Domestic demand, however, was a disappointment in the year’s first half,” says Wilfried Schäfer. This remained weak, due not least to a base effect owed to the high growth achieved during the first half of 2016. This effect, however, is now coming to an end. For the second half of 2017, significantly better figures are anticipated. This reflects the optimistic mood in the business community, the ris-ing cyclical indicators for Germany, and the macro-economic forecasts, which pundits have only recently revised upwards.   “Moreover, we’re anticipating a huge boost from the EMO Hannover 2017,” em-phasises Wilfried Schäfer in conclusion. The world’s premier trade fair for the metalworking sector, he adds, is very well booked, will be showcasing numer-ous innovations in all technical categories, and will thus be providing a major boost to capital investment.      
Ms. Kang 2017-08-03
기사제목

Global Plastic Packaging Market to Surpass US$ 480.97 Billion by 2025

Global Plastic Packaging Market, By Product Type (Rigid Packaging, Flexible Packaging), End Use Industry (Food & Beverages, Industrial, Household Products, Personal Care, Medical), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025   The Global Plastic Packaging Market was valued at US$ 300.86 billion in 2016, according to a new report published by Coherent Market Insights. Packaging is a process that involves protecting and enclosing of finished products for distribution, sale, storage and transport. The rigid packaging is gaining traction in the past five years due to the rise in demand from packaged food, which includes ready-to-eat meals, dried and frozen foods. The increasing demand for convenience food in Asia Pacific and Europe is expected to boost the market for plastic packaging during 2017-2025. Rigid packaging finds wide applications in the packaging industry, due to its high impact strength, barrier properties and stiffness which makes it ideal for the transportation of various products in the form of bottles, ampules, jars, aerosols container and cans. Also, rapidly growing export and import of food products across the world is expected to fuel the growth of the market for rigid packaging, which in turn is expected to fuel the market for plastic packaging during the forecast period. According to Coherent Market Insights, the rigid packaging segment in the product type, is dominating the market for plastic packaging in 2016 and is expected to retain the trend in the following years. Food & beverages, pharmaceuticals and personal care industry are the major end use industry, which finds large applications for rigid packaging.   Technological advancement coupled with development of new product is expected to be the key drivers for the market growth of global plastic packaging. Also, the growing demand for flexible packaging from processed and hot food industry is expected to boost the market for plastic packaging during the forecast period. The flexible packaging segment market in the global plastic packaging market is expected to expand at a CAGR of 4.7% in terms of volume. For instance---   •On January 19, 2017, UFLEX--- introduced Super Barrier Polyester Film, FLEXPETTM F-PGB-12, a specially modified surface treatment which offers high barrier to oxygen.•On September 8, 2016, UFLEX---introduced new ESL ASEPTIC FLEXI-POUCH MACHINE for milk packaging, which sterilized and packed the milk and increases the self-life up to 90 days.  Key takeaways of the market:•Asia-Pacific is projected to be the largest region in global plastic packaging market. It accounted for around 36.4% of overall plastic packaging market revenue in 2016. The market in this region is expected to be primarily driven by rampant growth of end-use industries in China, India, and ASEAN countries. The growing food & beverages industries, rising economy, growing per capita income of middle class people are some of the key drivers for the growth of plastic packaging market in the Asia-Pacific region.   •The market in Latin America is expected to register a significant growth rate over the forecast period. Rise in discretionary income along with increasing ready to eat food are expected to create lucrative growth opportunities for the players in this region.   •Pharmaceuticals is one of the key industries for the use of plastic packaging. A strong drug export and import activity in Asia-Pacific and North America is expected to enhance the growth of plastic packaging in the forecast period. The pharmaceuticals applications such as sachets, blister pack, stick packs and strip packs are the key plastic packaging application in pharmaceuticals industry, which provides barrier to moisture, light, chemical, ease of opening and child resistance.   According to India Brand Equity Foundation (IBEF) is a Trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India---the Indian healthcare industry is projected to grow at a CAGR of 16.5% from 2008 to 2020. The market is expected to reach US$ 280 billion by 2020.   •Amcor Ltd., Sealed Air Corporation, Bemis Company, Sonoco Products Company, Mondi Plc., Tray Pack Corporation, Lacerta Group Inc., Bemis Company Inc., Alwin Lehner GmbH & Co. Kg, RPC Group Plc are few of the key players in global plastic packaging market.   •There are various organic, and inorganic growth strategies which are being followed by the leading market players in the market. Technological advancement is leading to the key innovation in the new product launches. Companies are also investing in expansions, mergers & acquisitions, and joint ventures in the market. For instance---   ◦On 2016, Silgan---acquired WestRock division in US$ 1 billion.◦July 2015, Bemis Company Inc. signed an agreement with Emplal Participaçoes S.A. to acquire its South American rigid plastic packaging business.   http://www.crossroadstoday.com/story/35496354/global-plastic-packaging-market-to-surpass-us-48097-billion-by-2025-underpinned-by-burgeoning-growth-in-demand-for-rigid-packaging
Ms. Kang 2017-06-12
기사제목

Plastic Additives Market Is Expected To Propel Growth Based On Growing Consumption of Polymers

Grand View Research, Inc. - Market Research And Consulting   According to report published by Grand View Research, Global Plastic Additives Market is expected to grow significantly at a CAGR of 4.5% from 2015 to 2022. Increasing demand for these additives is directly proportional to the growing consumption of polymers across the globe. The global plastic additives market size was 13.18 million tons in 2014.   Global Plastic Additives Market is expected to grow significantly at a CAGR of 4.5% from 2015 to 2022, owing to their ability to enhance performance, appearance, and process ability of various polymers. Increasing demand for these additives is directly proportional to the growing consumption of polymers across the globe. The global plastic additives market size was 13.18 million tons in 2014.   Additives are used with different polymers in order to result in maximum output and increase the life span of the product. Plastic additives are increasingly being used for variety of functions that include extenders, processing aids, property modifiers, and stabilizers in industrial applications.   Extended consumer base, rapid urbanization and increasing disposable income across various parts across the globe has led to an increase in the overall usage of plastic additives. Rapid industrializations coupled with increasing focus on maximizing industrial output, particularly in emerging economies including China, India and Brazil, is expected to drive the market at a fast pace over the forecast period. The global plastic additives industry is anticipated to reach USD 62.50 billion by 2022.▲ North America plastic additives market revenue by function, 2012-2022, (USD Million)   Plasticizers dominated the global market accounting for 51.7% of the volume share in 2014. However, they are expected to lose significant market over the forecast period owing to their carcinogenic properties. The product is being banned from its usage in child care articles and toys, across numerous regions including Europe due to its toxic nature. This may result in moderate growth of the segment over the forecast period.   Property stabilizers accounted for over 35% of the overall market in 2014. These products are used for improving physical and thermal stability of the base material. Moreover, they help in prevention of oxidation, uncontrolled recombination and cross-linking reactions. The segment is estimated to be worth USD 4.34 billion by 2022, growing at a CAGR of 4.0% from 2015 to 2022.   On the other hand, processing aids are anticipated to grow by 7.6% from 2015 to 2022. These aids improve fusion between two or more different polymers, enhance melt strength and reduce surface defects, resulting in easy workability and good finishing to the finished product. Increasing manufacturing output of finished plastic products in Asia Pacific is expected to drive growth.   Rising awareness regarding safety coupled with increasing incidents of fire accidents has resulted in a rising demand for flame retardants and this segment is expected to grow at 4.8% from 2015 to 2022. Moreover, introduction and implementation of numerous regulations and norms is expected to drive demand.   Developments of plastic additive products and their variants having application according to their functionality and performance qualities are major drivers of the market. Emerging economies including India and China are setting up new plants and facilities to mark a global presence to cater to the rising demand for these products.   Asia Pacific dominated the global market in 2014 valued at USD 15.70 million. Increasing industrial output in Malaysia, India, Indonesia, and China is expected to drive the regional demand over the next few years. Germany, the U.S., France, and UK are anticipated to create high demand for plasticizers, flame retardants, UV stabilizers, and other additives. North American industry is expected to grow at a CAGR of 4.1%, while Europe is likely grow at a CAGR of 3.9% from 2015 to 2022, in terms of volume.   Key players present within the market include BASF SE, DuPont, SABIC, ExxonMobil Chemical, The Dow Chemical Company, Mitsui Chemical, and Biesterfield Plastic GmbH.   http://www.crossroadstoday.com/story/35362596/plastic-additives-market-is-expected-to-propel-growth-based-on-growing-consumption-of-polymers-till-2022-grand-view-research-inc
Ms. Kang 2017-06-12