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The U.S. Plastic Welding Equipment Market generated revenue of around USD 779.70 million in 2021 and is anticipated to grow a CAGR of over 5.21% during the forecast period from 2022 to 2028 to reach around USD 1,164.49 million in 2028. While, cumulative growth opportunity presented by the U.S. Plastic Welding Equipment is around USD 7.07 billion during 2022 to 2028.
U.S. Plastic Welding Equipment Market, 2021 – 2028 (USD Million)
Plastic welding is widely being used for the welding of semi-finished plastic materials. Heat generation, pressure and cooling are three most important stages performed in plastic welding process. Various plastic materials that can joined using plastic welding process include acrylonitrile-butadiene-Styrene (ABS), polycarbonate (PC), polyethylene (PE), polyethylene terephthalate (PETE or PET), polymethyl methacrylate (PMMA), polypropylene (PP), polyvinyl Chloride (PVC), etc.
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Laser Plastic Welding Equipment to Grow at Rapid Pace
Welding Method, Electric Socket, Ultrasonic, Hot Plate, Spin, Hot Gas, Extrusion, Injection, High Frequency, Laser and Others (Induction, Solvent etc.) are some of the important types of Plastic Welding Equipment’s produced and consumed across U.S. However, Laser Plastic Welding Equipment is growing in demand and held significant share in total revenue generation in 2021. Huge demand for laser plastic welding is driving demand for laser Plastic Welding Equipment. While, Ultrasound, Plastic Welding Equipment segment held over 25% share in total revenue generation in 2021 and poised to play important role in growth of Plastic Welding Equipment in the years to come.
Growing Demand for Polypropylene (PP) is Driving the Growth of Plastic Welding Equipment
Acrylonitrile-butadiene-Styrene (ABS), polycarbonate (PC), polyethylene (PE), polyethylene terephthalate (PETE or PET), polymethyl methacrylate (PMMA), polypropylene (PP), polyvinyl Chloride (PVC), etc. are major segments of Plastic Welding Equipment market based on materials. Polypropylene (PP) segment held the largest share of U.S. Plastic Welding Equipment industry in 2021 with over 25% contribution to revenue generated by Plastic Welding Equipment market. Secondly, PET, PETG and PC materials segments are also expected to grow at a significant CAGR which in turn likely to drive demand for Plastic Welding Equipment.
Significance of War between Russia & Ukraine for Plastic Welding Equipment Importers
As Ukraine and Russia has meager contribution in production, import as well as export of Plastic Welding Equipment in U.S. Hence, the direct impact of war between Russia and Ukraine will be minimal on this market. However, indirect impacts such as disturbances in supply chain, shortage of raw materials, increasing in oil & gas prices, etc. can result into price rise and supply chain related challenges to the Plastic Welding Equipment in U.S.
Major players operating in the Plastic Welding Equipment industry include Emerson Electric Co., Dukane Corp., Leister Technologies AG, CEMAS Elettra Srl, Ritmo SpA, bielomatik GmbH, Drader Manufacturing, Herrmann Ultraschalltechnik GmbH & Co. KG, Delvie’s Plastics Inc., and Welwyn Tool Group Ltd.
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Plastic Welding Equipment Report Scope
Market Size Valuation, Share Analysis and Growth Rate by Segments such as Welding Method and Application, Company Share, Competitive Landscape and Trends Analysis
Emerson Electric Co., Dukane Corp., Leister Technologies AG, CEMAS Elettra Srl, Ritmo SpA, bielomatik GmbH, Drader Manufacturing, Herrmann Ultraschalltechnik GmbH & Co. KG, Delvie’s Plastics Inc., and Welwyn Tool Group Ltd.
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U.S. Plastic Welding Equipment Market by Welding Method, 2016 – 2028
U.S. Plastic Welding Equipment Market by Materials, 2016 – 2028
U.S. Plastic Welding Equipment Market by Company, 2016 – 2028
Browse the full report at https://www.credenceresearch.com/report/u-s-plastic-welding-equipment-market
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