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How data can predict plastics defects.


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Plastics manufacturing companies are collecting, processing and measuring data to improve process efficiency and productivity. Technologies include electronic devices that connect through internet and display process information on dashboards. Predictive maintenance technology predicts snags and defects and thus significantly reduces downtime and costs. Plastic manufacturing companies are integrating big data and, IoT technologies to implement preventive maintenance techniques.

PLASTIC PRODUCTS MANUFACTURING MARKET TO GROW TO $1.2 TRILLION BY 2020 ACCORDING TO THE BUSINESS RESEARCH COMPANY.

The global plastic products manufacturing market is expected to grow to $1.2 trillion in 2020 at a compound annual growth rate (CAGR) of 2.8%. Asia was the largest region in the rubber products manufacturing market in 2016, accounting for $164 billion or 40.1% market share. This was due to high demand for rubber products from manufacturing industries, especially from the industrial machinery and motor vehicle industries.

The chart below shows the year-on-year growth of the global apparel and leather manufacturing market during 2016 - 2020.

According to The Business Research Company’s Manufacturing Consultant, Abdul Wasay, oxo biodegradable plastics use is increasing rapidly in many developed and developing countries due to increased awareness on its ecofriendly properties. Oxo-biodegradable plastics are made of polymers such as PE, PP, and PS and small amounts of salt that enable it to degrade in the open environment until its molecules break down to biodegradable material. These plastics can made by adding small amounts of salts to conventional polyolefin plastics, which are reusable, recyclable, cost effective, ec0-friendly, food-safe. Service life of these products can be preset or programmable ranging from months to years according to customer requirements. These plastics are being used as alternatives to conventional plastic products made from polyethylene (PE), polypropylene (PP) and polystyrene (PS). Some of the companies offering oxo-biodegradable plastics are EPI and Biosphere. They are used in manufacturing garbage bags, plastic bags, shopping and food packaging bags.

Amcor was the largest company in plastic products market with revenues of $9.4 billion for the financial year 2015. Amcor’s growth strategy is to expand its operations in emerging markets through acquisitions. In 2015, the company acquired Nampak flexibles of South Africa to expand operations in the African region.

Plastics product companies manufacture packaging materials, film and sheet, foam products, plastic bottles and all other plastic products which have domestic and industrial applications. These companies use polymers and resins as raw materials which are primarily sourced from polymer suppliers and processes used in plastic products manufacturing include compression molding, extrusion molding, injection molding, blow molding and casting.

The plastic products manufacturing industry is further classified as follows

Plastic Packaging Materials and Unlaminated Film and Sheet establishments produce plastics packaging materials, unlaminated film and sheet from polythene, polypropylene and other polymers. These products are used for packaging in industries such as food, machinery and other consumer goods. There are two categories under this segment

  • Plastic Bag And Pouch Manufacturing companies convert plastics resins into unsupported plastic bags, laminate plastic or coat or cellulose films and sheets into unsupported plastic bags.

  • Plastic Film And Sheet Manufacturing companies involve in the production of unsupported plastic film and sheet from polythene, polypropylene and other polymers.

Plastic Pipe, Pipe Fitting, and Unlaminated Profile Shape establishments primarily engage in manufacturing of unsupported plastic profile shapes or plastic pipes and pipe fittings from PVC and PVDCs. These products are widely used in agriculture, utilities and construction industries.

Laminated Plastic Plate, Sheet and Shape companies produce laminating plastic profile shapes, such as sheets, plates and rods from PE, PP and other polymers. The lamination process generally includes bonding or impregnating profiles with plastics resins and compressing them under heat. These products are predominantly used in construction industries.

Polystyrene Foam Product include companies engaged in converting polystyrene resins into foam products which are used in the packaging and the construction industry.

Urethane and Other Foam companies are involved in producing urethane and other foams from polyurethane and polymers. These products are used in the construction and the packaging industry.

Plastic Bottle companies produce plastic bottles from polyethylene terephthalate (PET), Bisphenol-A (BPAs) and other polymeric resins. These products are used for packaging in industries such as food and pharmaceuticals.

Other Plastic Products are not classified to any other industry, primarily engage in manufacturing plastic products. Categories under this industry as follows:

  • Plastic Plumbing Fixture companies manufacture plastic plumbing fixtures such as bathtubs, flush tanks, plumbing fixtures, cultured marble plumbing fixtures, sinks, portable toilets and toilet fixtures.

  • Motor Vehicle Plastic Parts establishments engage in manufacturing of plastic parts for motor vehicles such as fiberglass automobile body skins, hardware plastics, trim, bumper components, lenses, mudguards, plastics extrusions and moldings

  • Plastic Window And Door Manufacturing companies produce plastic doors and windows such as fiberglass window, plastic window and vinyl window.

  • Other Plastic Product Manufacturing establishments manufacture other plastic products like closures, combs, containers, lamp shades, plastics counter tops, swimming pool covers, tableware and resilient floor coverings.

Plastic Products Manufacturing Global Market Briefing is a detailed report giving a unique insight into this market. The report is priced at $1000 for an individual user. To use across your office the price is $1500 and $2000 if you wish to use across a multinational company.

About The Business Research Company

Visit TheBusinessResearchCompany.com, mail info@tbrc.info or call +447443439350 or +918897263534 or +919160996838 for more information on this and many other titles.

The Business Research Company is a market research and intelligence company, which excels in company, market and consumer research.

It has research professionals at its offices in the UK, India and the US as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, chemicals and technology.

The Business Research Company's management has more than 20 years of varied business research experience. They have delivered hundreds of research projects to the senior management of some of the world's largest organizations.


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