LONDON, Jan. 25, 2017 /PRNewswire/ -- The plastics and rubber products industry comprise establishments that manufacture goods by processing plastic and rubber raw materials. Plastics and rubber products are included in the same industry as they have similar technical properties, however they are categorized based on the sole use of either rubber or plastic as raw material in the production of the product. Companies in the industry manufacture plastic bags and bottles, plastic film and sheets, plastic and rubber pipes, plastic foams, rubber hoses and tires.
Asia was the largest region in the plastics and rubber products manufacturing market in 2016, accounting for 35% market share. This can be attributed to high demand for plastic products from the food and beverages and the retail industry in countries such as China and India and tire from the automobile industry. The Americas was the second largest region accounting for 34% market share.
Europe was the third largest region accounting for $25% market share.
Many plastic and rubber manufacturing companies are adopting 3D technology to design and develop new plastic and rubber products. Using this technology designers, engineers and manufacturers are creating new models and mold parts. The products made using 3D printers have good mechanical properties like strength and rigidity. For example, Stratasys developed one such color multi-material 3D printer which can combine colors with multi-material 3D printing. The printer uses cyan, magenta and yellow colors and plastics and elastomers as base materials to print objects with wide ranges of flexibility and rigidity, transparency and opacity.
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