back to top
My wish lists
Save your wish list
If you want to add more content to your wish list, simply log in. If you do not have a user account, please register for the Hanser Customer Center.

» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.
Your wish lists
If you want to use your wish list during your next visit, simply log in. If you do not have a user account, please register for the Hanser Customer Center.
» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.

« Back

Your advantages at a glance

  • One login for all Hanser portals
  • Individual home page for faster access to preferred content
  • Exclusive access to selected content
  • Personal wish lists on all portals
  • Central management of your personal information and newsletter subscriptions

Register now
Deutsch
Bookmark Bookmarked
12-15-2017

US Plastics Machinery Shipments Jumped 20 Percent

North American shipments of primary plastics machinery posted a strong year-over-year increase in Q3 of 2017 according to statistics compiled and reported by the Plastics Industry Association’s (Plastics) Committee on Equipment Statistics (CES). This marked the second consecutive quarterly Y/Y increase in this data.

The preliminary estimate for shipments of primary plastics equipment (injection molding, extrusion, and blow molding equipment) for reporting companies totaled USD 350.8 million in the third quarter. This was 20.4% higher than the total of USD 291.3 million in Q3 of 2016, and it was 4% stronger than the revised USD 337.2 million from Q2 of 2017. This Y/Y gain in Q2 followed a revised 6.5% Y/Y increase in the quarterly total from Q2.

“After hitting a plateau in the second half of 2016, the upward trend in the shipments data for plastics equipment re-emerged in the third quarter of 2017. Quarterly gains of 20 percent will not be sustained going forward, but the plastics industry is entering the New Year with more momentum than it did a year ago. I still expect the underlying economic fundamentals in the U.S. to push higher, and global demand will also improve in 2018,” according to Bill Wood, of Mountaintop Economics & Research, Inc.

The shipments value of injection molding machinery increased 21% in Q3 when compared with last year. The shipments value of single-screw extruders declined by 2 percent. The shipments value of twin-screw extruders (which includes both co-rotating and counter-rotating machines) jumped 61 percent. The shipments value of blow molding machines was not reported in Q3.

Demand for auxiliary equipment also appeared to be strong in the third quarter according to the latest estimate for total bookings. Actual comparisons in this year’s quarterly auxiliary data to last year’s quarterly totals are unavailable due to a change in the number of reporting companies.

The strong results in the CES machinery data in the third quarter were matched by solid gains in two other data series that track the U.S. industrial machinery sector. According to data compiled by the Census Bureau, the total value for new orders of US industrial machinery escalated 8% in Q3 of 2017 when compared with last year. And according to data compiled and reported by the Bureau of Economic Analysis (BEA), business investment in industrial equipment increased 7.6% (seasonally-adjusted, annualized rate) in Q3 of 2017 when compared with the previous year.

The CES also conducts a quarterly survey of plastics machinery suppliers that asks about their future expectations. According to the Q3 survey, 87% of respondents expect market conditions to either hold steady or get better during the next year. This is up slightly from 86% in Q2.

Global market conditions in the coming year are expected to come in steady-to-better. This is a bit more optimistic than the outlook in Q2. Expectations for North America improved slightly. Expectations for Latin America and Europe were little changed. Expectations for Mexico declined, but there was a big increase in positive sentiment for Asia in the coming year.

The respondents to the Q3 survey currently expect that packaging will be the strongest end-market in the coming year. The outlook for demand from the electronics sector also improved. The outlook for all other major end-markets called for steady-to-better conditions.

Company profile

Plastics Industry Association

1425 K St., NW, Suite 500
US 20005 WASHINGTON, DC
Tel.: +1 202 9745200
Fax: +1 202 2967005

Newsletter

Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?

Subscribe here

Subscribe here

Job Advertisements

Looking for a new challenge? Check out our jobs market!

Job Advertisements

Patents Stimulate Innovation

Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.

Patents