DUBLIN, September 15, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Thermoformed Plastics Market 2016-2020" report to their offering.
The report forecasts the global thermoformed plastics market to grow at a CAGR of 4.87% during the period 2016-2020.
Replacement of metals in electronics industry will be a key trend for market growth. The rise in living standards globally has led to the rapid growth of the electronics industry. Therefore, the consumption of thermoformed plastics in this segment is anticipated to grow during the forecast period. There has been an increase in the use of plastics in place of metals and conventional materials for manufacturing various electronics equipment like switch boards and switch casings. This is because of the various benefits of thermoformed plastics over metals. The global thermoformed plastics market is expected to benefit from the increase in the use of plastics replacing metals in the electronics industry, during the forecast period.
According to the report, increasing global construction spending will be a key driver for market growth. During 2012-2015, there has been a significant increase in the construction spending in many nations across the world. This is attributable to the growing per capita income and rising standards of living in emerging economies, especially those in APAC and MEA. Thermoformed plastics act as a barrier for moisture in buildings during construction activities, thereby increasing the consumption of thermoformed plastics. The exhibit below provides the current scenario of the construction industry across the prime regions.
Further, the report states that non-uniform thickness of thermoformed plastic products affects its robustness and weight-bearing capacity.
- Anchor Packaging
- Peninsula Packaging
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Market segmentation by application
PART 08: Market segmentation by geography
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/g27nwh/global
Related Topics: Plastics
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SOURCE Research and Markets