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.
Find TBRC’s report on the Plastics And Rubber Products
Manufacturing market:
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:
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