San Jose, CA (Vocus / PRWEB) Back 20 January 2011
Global Market Plastic is on the verge of a significant dynamic change. Asia is fast becoming the new center of balance on the world market because the high industrialization in the region’s major economies such as China and India. The low per capita consumption in Asia compared to the developed markets also highlight the vast untapped potential in the business. North, America, Japan and Western Europe, the traditional power player gradually subsides and plastics producers from these regions are cedes market share to players from the Asia-Pacific and the Middle East. Countries / regions developed, which were exported to the world market, are likely to turn to net importers in the coming years as older plants are likely to be closed because of inefficiency, while most new are added in Asia and made in the Middle East.
Plastics including molded plastics, represent one of the most common materials in a wide range of industries, from construction, automotive, packaging, electricity and electronics used medical products. Given the ubiquitous use, erodes the recession and the financial crisis, the health of the markets, especially in the years 2008 and 2009. The worldwide consumption of plastic, so fell to levels during the years 2008 to 2010 injured, because of the unprecedented weakness in most major end-use markets that were affected by a general decline in revenue plastic base. The recession, the industries of construction and automotive industries, as brought the two major causalities. The complete collapse of the real estate, housing and construction industry, the cancellation, postponement, and general weakness in new office, commercial and residential projects conducted due to lack of credit and rising vacancy rates. Depreciation on home values, declining housing starts, the erosion of consumer confidence, rising unemployment and a reduction in household wealth, has among other things a negative impact housing goes. All these factors adversely affect the demand for plastics in end-use sector buildings / building. The automotive industry is one of the largest end-users of plastics, was also one of the hardest hit industries by the recession with automobile production and sales nosedive. Plant closures, capacity idling, sent the rear extension of the operational capacities in the automotive industry curling broad-based declines in all markets upstream raw materials, including plastics.
extensive electrical and electronics and household appliances industry also for the inevitable symptoms of the recession, as succumbed, lowering discretionary spending and followed the weak consumer demand for PCs, mobile phones, cameras, heaters, refrigerators, laundry equipment, radios, TVs , office equipment, electrical equipment, motors and controls, wiring, semiconductors, capacitors, resistors, inductors and transformers among many others. Slows down with the level of economic activity, the recession has had a disproportionate impact on industrial production due to reduced production and trading activities. This decline in production output, set lower demand for molded plastic in industrial packaging and consumer applications. Food packaging end use sector, but it fared better in comparison, the food is very inelastic product. The global trade in plastics also received a setback. The recession was transmitted mainly by all regional boundaries through the international trading system and trade links starting with trade flows in the United States. Deterioration in the terms of world trade, including trade in plastic, so export-oriented led to the collapse of the regional markets.
However, with the recession now at its rear end, there is optimism for an early resumption of the market outlook. To enhance replenishment of depleted stocks in the supply chain through the revival of the production on the flanks demand from the end user will also help to recover from the demand for plastic. After the removal of global production bases to low-cost countries in Asia to increase foreign investment and the number of new manufacturing establishments will witness Asia-Pacific emerge into a main engine of growth. China and India in particular appear in the horizon for global growth in the medium and long term, as stated by the new market research report on plastic. The Middle East during the past decade has emerged as a serious player on the world market because of the double advantage of low commodity and raw material prices and the proximity to the highly lucrative Asian market. Faced with stagnating or declining domestic market and strong competition from Asian players and the Middle East, the Western players are more willing to reduce their production of plastic resin raw materials and films such as polyethylene and focus on high quality and specialty polymers.
High Density Polyethylene (HDPE) has features such as light weight, recyclability and non-toxicity and is therefore used as a substitute for more harmful substances into the environment. The main application area for HDPE milk bottles and includes a plurality of hollow bodies with the blow made. Europe is the world’s largest market for HDPE. Polypropylene (PP) is considered the fastest growing commodity in the thermoplastic world. How many new and innovative technologies are emerging that are enhanced polypropylene in place to challenge the engineering plastics. Asia-Pacific is the largest and fastest growing market for molded PP.
main players in the market, the ABC Group Inc., Ameri-Kart, BASF SE, British Polythene Industries Plc, Chevron Phillips Chemical Company LLC, Continental Structural Plastics, Inc., Doeflex-VITAPOL, EI du Pont de Nemours and Company Eastman Chemical Company, Exxon Mobil Corporation, Formosa Plastics Corporation, Huntsman International LLC, INEOS, Kaneka Corporation, LyondellBasell Industries NV, NOVA Chemicals Corporation, OxyVinyls LP, Pactiv Corporation, Reliance Industries Limited, Rexam Plc, Saudi Basic Industries Corporation (SABIC) Shin-Etsu Chemical Co., Ltd., Solvay SA, Styrochem, The Dow Chemical Company, Total Petrochemicals USA, Inc., Tosoh Corporation and Total SA
The research report titled “Molded Plastic: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities . The report provides market estimates and projections in tons for major geographic markets including the United States, Canada, Japan, France, Germany, Italy, UK, Spain, Russia, Asia-Pacific, Middle East and Latin America. Product markets analyzed are molded HDPE, Molded LDPE, Molded LLDPE, polypropylene, PVC and polystyrene Shaped.
For more information about this comprehensive market research report, please visit http://www.strategyr.com/Molded_Plastics_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of market research off-the-shelf. Founded in 1987, the company is globally recognized as one of the world’s largest market research company publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. In addition, the company also offers thousands of smaller research products including company reports on market trends and industry reports for all major industries worldwide.
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