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.
The top five companies covered are Bridgestone Corporation, Michelin Inc., Good Year Tire & Rubber Company, Continental Tire the Americas, and S C Johnson & Son Inc. Bridgestone Corporation was the largest company in the plastics and rubber products manufacturing market.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Plastics and Rubber Products Manufacturing Market Size
The global plastics and rubber products manufacturing market was valued around $1406 billion in 2017. Asia Pacific was the largest region in the plastics and rubber products manufacturing market in 2017, accounting for around 45% of the total market. India was the largest country in the market accounting for around 12% of the total market.
Plastics and Rubber Products Manufacturing Market Trend
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.
Plastics and Rubber Products Manufacturing Market Segmentation
The plastics and rubber products manufacturing market is segmented into Plastics Products and Rubber Products.
Plastics Product manufacture packaging materials, film and sheet, foam products, plastic bottles and all other plastic products which have domestic and industrial applications.
Rubber Product comprises companies that manufacture tires and retreading, rubber hoses and belting, rubber sealants and all other rubber products which have domestic and industrial applications.