K2019 NEWS
Global machinery output to fall by 10% in 2019
Global production of plastics machinery grew by 1.3% in 2018 to reach a value of €36.8bn, according to data released at K2019 by the European plastics and rubber machinery association Euromap. European machinery makers enjoyed growth above the global rate, at 1.9%, taking the total for the region to €15.6bn. However, that was a poor performance by recent standards and producers are now preparing for much weaker demand. “After 10 years of continuous growth and an increase in the Euromap production of 59% since 2010, 2019 will see the expected economic dip,” said Luciano Anceschi, President of the association. “Apart from a worldwide economic slowdown, it’s above all the slump in the automobile sector as well as decreasing investments due to political uncertainties caused by the trade conflict between USA and China, Brexit and unpredictable national laws for the use of
DSM will offer “green” alternatives
Global plastics machinery production by value, 2010-2020 Source: Euromap/VDMA
plastics that are clouding over business prospects.” Euromap is forecasting a 10% decline in global production this year to €33.1bn. The value of European plastics and rubber machinery production will also fall by 10% in 2019 to €14.0bn. A further 5% contraction is forecast for 2020, with both global and European production down 5% to €31.5bn and €13.3 bn respectively. The future is not without
opportunity for Europe’s plastics machinery makers, however. The association believes EU demands to
raise plastics recycling volumes to 10m tonnes by 2025—four times today’s levels—and to ensure all plastics packaging is recyclable by 2030 will provide a boost for manufacturers of both recycling and processing machinery. “Circular Economy will thus become a growing business field and have positive impacts on machinery manufacturers who enable a functioning circular economy by applying their technologies,” said Euromap Vice President Michael Baumeister. �
www.euromap.org
DSM intends to offer alternative versions of its complete engineering thermoplastics portfolio incorporating more than 25% bio-based and/or recycled content by 2030 at the latest. It plans to achieve this target using a combination of technologies, such as mechanical recycling, fermentation and mass balance accounting for bio-based or chemically recycled feedstock. Making the
announcement at K2019, Shruti Singhal, President of DSM Engineering Thermoplastics explained that the strategy to offer a complete range of bio-based and recycled content alternatives was in response to changing demands from end- customers. “We are seeing big shifts behind the scenes,” he said, adding that an estimated 15% of the engineering plastics market would be bio- or recycled-based by 2030. �
www.dsm.com
sumeet.verma@
golchagroup.com
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