U.S. Plastic Welding Equipment market has generated revenue of over USD 779.77 million in 2021. It is expected to exhibit CAGR of over 5.21% during the forecast period to reach over USD 1,164.49 million by the end of 2028. While, cumulative growth opportunity offered by the U.S. Plastic Welding Equipment market stood above USD 7.07 billion for the analysis period ranging between 2022 to 2028.
Interesting Facts about Plastic Welding Equipment Industry
Plastic Welding Market has been reached to multibillion dollar value by the end of 2021
Plastic Welding Equipment’s market is highly fragmented with the presence of large number of players across the world
Thermoplastic products can be welded using various methods
Major application of plastic welding is repair of polyolefin tanks and PE and PP pipe sections
Heat, pressure and cooling are three important phases of plastic welding
Myriad of Benefits offered by Plastic Welding along with Availability of Wide-Ranging Welding Methods
One of the major factors driving the market growth is availability of wide array of plastic welding methods in the industry. Large number of options avails plastic welding across various applications irrespective of the size and precision required. For instance, hot plate welding is suited majorly for joining larger thermoplastic parts, which becomes a difficult task in the case of ultrasonic welding. Similarly, ultrasonic welding is suitable for thin and smaller parts. Thus, emergence of numerous plastic welding methods has played a crucial role in development of the overall plastic welding equipment market. Apart from this, the market is also driven by the superior advantages of plastic welding over most of the aspects of conventional plastics manufacturing methods. Some of the major advantages offered by plastic welding equipment include:
Easy manufacturing based on three prominent steps viz. heat, pressure and cooling
Higher speed and better precision
Reduced overall set up time as more than one items can be welded simultaneously
Plastic welding equipment enable uniform application of heat and pressure leading to well-finished objects
Wide array of plastic welding methods allowing manufacturing product across different applications Exceptional strength and reduced cycle time
Ultrasound Plastic Welding Equipment Method to Dominate the market
Welding Method, Electric Socket, Ultrasonic, Hot Plate, Spin, Hot Gas, Extrusion, Injection, High Frequency, Laser and Others (Induction, Solvent etc.) are some of the major welding methods used in Plastic Welding Equipment. Ultrasound Plastic Welding Equipment accounted for over a quarter of share in total revenue generation in 2021. While, Laser Plastic Welding Equipment is anticipated to witness rapid gain in its market share over the forecast period. Laser plastic welding widely being used across the world in various applications and growth rate of laser welding is rapid. On the other hand, electronic socket Plastic Welding Equipment methos is likely to experience a sharp decline in its market share as compare to the methods during the analysis period.
Limitations of Plastic Welding to Arrest Growth of Plastic Welding Equipment Market
Despite of several benefits offered by plastic welding, the method has various limitations associated with operational efficiency, inability to weld 3D joints, inability to joint two different plastic materials, etc. This in turn presenting serious challenge to the growth of plastic welding and thus equipment’s market too.
Slow Yet Steady Growth of Plastic Manufacturing to Drive Demand for Plastic Welding Equipment
Despite of environmental concerns and increasingly stringent regulations of manufacturing and consumption of plastic products, the demand for plastic is growth at slow yet steady pace in the country. U.S. has been remained on of the major markets for plastic products. There are more than 1,600 plastic manufacturing facilities in U.S. as of now. This in turn expected to drive the demand for Plastic Welding Equipment in the years to come in U.S.
Highly U.S. Fragmented Plastic Welding EquipmentMarket
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. Are some of the leading players in U.S. Plastic Welding Equipment market. U.S. Plastic Welding Equipment in U.S. is highly fragmented. Major players are focused on offering most innovative products for efficient operation of plastic welding. While, market share consolidation via organic as well as inorganic growth strategies has been remained primary focus of Plastic Welding Equipment manufacturers in the country.
Frequently asked questions about U.S. Plastic Welding Equipment industry
Like other industries, Plastic Welding Equipment market also suffered from COVID 19 pandemic which resulted into decline of over 10.28% in revenue generated in 2020
Limitations of Plastic Welding Equipment is major hurdle for the growth of Plastic Welding Equipment
Growing popularity of Plastic Welding Equipment coupled with rising adoption due to several advantages offered by Plastic Welding Equipment
Ultrasound segment dominated the Plastic Welding Equipment market in 2021 with over 25% share
PET segment was the largest application of Plastic Welding Equipment in 2021 with over 25% share
