Blow Moulding Machines Market Revenue, Opportunity, Forecast and Value Chain 2018 2028
Significant investments and recovering economies of Brazil and Argentina are projected to drive the Latin America blow moulding machines market.
[UKPRwire, Thu Sep 19 2019] The blow moulding machines market is estimated to grow in the coming years due to technological breakthroughs and introduction of high performance plastics in the global plastics market. The demand for blow moulding machines is growing in piping and manufacturing industries, especially in emerging countries. High demand for plastics from packaging and consumable industry is also driving the Blow Moulding Machines Market Growth. Growth of the manufacturing industry is expected to boost the growth of the blow moulding machines market. Growing demand for formed plastic parts from the automotive industry will also create ample opportunities for blow moulding machines. Governments of emerging countries are trying to promote manufacturing in their own countries, which is driving the market for blow moulding machines in these countries.
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Rising demand for blow moulding machines is being witnessed from the plastic industry. Blow moulding is a process of manufacturing using which plastic components are moulded or formed. Various shapes of plastics can be obtained with help of a blow moulding machine. The mould decides the final shape of the plastic and glass component. Blow moulding machines are also used for the manufacturing of glass bottles. Blow moulding machines are mainly of three types: injection, extrusion and injection stretch blow moulding machines. Hollow glass and plastic objects are produced in large quantities with the help of blow moulding machines. In the blow moulding process, the plastic preform is injected into the mould which takes the shape of the mould, the formed shape is then cooled. The main applications of blow moulding include water bottles, soft drink bottles, wide mouth jars, plastic cans and other containers. Superior quality bottles can be produced using injection blow moulding.
Blow Moulding Machines Market Restraints
One of the major challenges in the global blow moulding machines market is its high cost. Large players in the market are continuously focusing on bringing innovations to develop low-cost blow moulding machines.
Additionally, plastics are emerging as an environmental threat, therefore stringent regulations regarding plastics may affect the growth of the plastic industry in the coming years, which can act as the restraining factor for the blow moulding machines market..
Blow Moulding Machines Market Trends
Plastics find a wide range of applications in aerospace and automotive industry, including aircraft structural parts, automotive structural part, parts of industrial machinery and equipment. Demand for light weight components from automotive industry will create demand for blow moulding machines. Various automotive components can be manufactured with the help of blow moulding machines. Industries, such as automotive, packaging and electronics, are expected grow in the coming years and are expected to push the demand for these machines.
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Global Blow Moulding Machines Market: Regional Outlook
Automotive manufacturers are shifting from mature regions to emerging countries, such as India and China. The global blow moulding machine market is anticipated to be dominated by the Asia Pacific region, with China leading the market, both in terms of production and consumption. India is also anticipated to witness sound growth in demand for blow moulding machines owing to the rapid growth being seen in the consumer packaging and automotive industry. North America and Europe are collectively anticipated to hold significant share in the blow moulding machines market and the growth in automotive and electronics & electrical industry in the region is anticipated to drive the demand for blow moulding machines in the coming years. Significant investments and recovering economies of Brazil and Argentina are projected to drive the Latin America blow moulding machines market. Middle East and Africa is projected to witness moderate growth in demand for blow moulding machines over the forecast period due to the initiatives being taken by various Middle-East countries towards achieving a diversified economy.
Global Blow Moulding Machines Market Participants
Some of the market participants identified across the value chain of global Blow moulding machines market are: Parker Plastic Machinery Co. Ltd. Zeel plast Machinery, Jomar Corporation, Chia Ming Machinery Co., Ltd, Polymechplast Machines Ltd. Meccanoplastica, Golfang Mfg. & Development Co. Ltd. Jiangsu Victor Machinery Co. Ltd. The Meccanoplastica Group, Taiwan Machine Sources. British Plastics Federation, Suma Plastic Machinery Co.Ltd. Jagmohan Pla-Mach Pvt. Ltd. Elegance Industries
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