Dallas, TX -- (SBWIRE) -- 01/17/2012 -- Demand to rise 6% annually through 2015, thanks to an acceleration in plastic product manufacturing, as well as by a favorable fixed investment environment worldwide. North American demand will grow from about $2.64 billion in 2010 to $3.43 billion in 2015, for an average annual growth rate of 5.4 percent.

In contrast, between 2005 and 2010 demand in North America shrunk, from $3.15 billion.

China will account for more than 40 percent of all additional global demand through 2015, according to the report.

Extrusion equipment to exhibit most rapid gains : Among product types, extrusion equipment will register the most rapid gains through 2015, benefiting from growth in global construction spending, which will fuel demand for extruded goods like pipe and siding. Injection molding equipment will remain the largest product segment, accounting for 40 percent of demand in 2015. Injection molding machines are used in a variety of applications, ranging from automotive components to consumer goods to medical supplies.

Construction, consumer/institutional markets to register strongest gains : The construction market will exhibit the strongest gains through 2015, benefiting from acceleration in global construction spending. The consumer/institutional products market will also post above average gains, reflecting rising standards of living. The packaging market will post respectable gains due to rising manufacturing output and consumer demand for packaged products.

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