The European injection moulding industry is thriving as most of its markets have recovered from the economic collapse which struck over a decade ago, says a new study by leading industry consultants, Applied Market Information Ltd (AMI Consulting).
In 2018, the industry value from virgin polymer exceeded EUR85 billion, an average growth of 3% p.a. since 2007, supported by growing polymer demand and added value opportunities, together with increased polymer prices. The
industry is also taking increasing advantage of the use of recyclate feedstocks which added about 8% to the industry value in 2018, the report says.
The demand, in terms of polymer volume, is being led by the packaging, automotive and electronics sectors. Overall demand for injection moulding has seen an average growth of 1.6% p.a. in virgin polymer demand taking it above 12 million tonnes in 2018, the report adds.