3D Technology In Design And Production
The global plastics and rubber products manufacturing market, a part of the paper, plastics, rubber, wood and textile manufacturing industry, grew at a compound annual growth rate (CAGR) of around 5% during the historic period. The paper, plastics, rubber, wood and textile manufacturing industry showed a steady growth. The growth is mainly due to high demand for plastic packaging materials from the food and beverages industry and the retail industry.
In the forecast period, the global plastics and rubber products manufacturing market size is expected to be over $1.5 trillion by 2021, growing at a CAGR of nearly 5%. This is expected due to increasing demand for products such as tires from the automobile industry and rubber hoses from the construction industry. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global plastics and rubber products manufacturing market in the future.
The plastics and rubber products industry comprise establishments that manufacture goods by processing plastic and rubber raw materials. Plastics and rubber products are included in the same industry as they have similar technical properties, however they are categorized based on the sole use of either rubber or plastic as raw material in the production of the product. Companies in the industry manufacture plastic bags and bottles, plastic film and sheets, plastic and rubber pipes, plastic foams, rubber hoses and tires.
The top five companies covered are Bridgestone Corporation, Michelin Inc., Good Year Tire & Rubber Company, Continental Tire the Americas, and S C Johnson & Son Inc. Bridgestone Corporation was the largest company in the plastics and rubber products manufacturing market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global plastics and rubber products manufacturing market was valued around $1406 billion in 2017. Asia Pacific was the largest region in the plastics and rubber products manufacturing market in 2017, accounting for around 45% of the total market. India was the largest country in the market accounting for around 12% of the total market.
Find TBRC’s report on the Plastics And Rubber Products Manufacturing market:
https://www.thebusinessresearchcompany.com/report/plastics-and-rubber-products-manufacturing-global-market-report-2018
Many plastic and rubber manufacturing companies are adopting 3D technology to design and develop new plastic and rubber products. Using this technology designers, engineers and manufacturers are creating new models and mold parts. The products made using 3D printers have good mechanical properties like strength and rigidity.
Major companies in the Plastics And Rubber Products Manufacturing market, offering 3D technology include Bridgestone Corporation, Michelin Inc., Good Year Tire & Rubber Company, Continental Tire the Americas, S C Johnson & Son Inc.
Download a sample report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=64&type=smp
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