Industrial Robots for Chemical, Rubber and Plastics Industry: Global Market Study Reveals Growth Factors and Competitive Outlook for Future

In a recent published report, Kenneth Research has updated the Market report for Industrial Robots for Chemical, Rubber and Plastics Industry: Global Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Industrial Robots for Chemical, Rubber and Plastics Industry: Global Market Products.

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Industrial robotics has been emerged as a key technology to drive the up-coming Industry 4.0 evolution in various industrial manufactures. Despite a small consumer of industrial robots, chemical, rubber and plastics industry has been seeing a rapid growth of industrial robotics adoption in recent years. Both unit shipment and the sales revenue are expected to witness nearly 10% CAGRs over the coming period of 2016-2022. With advantages of increasing productivity and reducing the occurrence of accident at works, industrial robots have been replacing human workforce and keeping chemical, rubber and plastics manufactures competitive when they integrate robots into their production processes.

According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.

Industrial Robots for Chemical, Rubber and Plastics Industry: Global Market 2016-2022 examines the worldwide market of industrial robotics in chemical, rubber and plastics industry through a comprehensive summary and analysis of premium information sources. In addition to a review of global market environments and chemical, rubber and plastics industry trend, this report provides an in-depth and detailed analysis of market structure, market trends, market forces, end-users, application fields, product types, geographical landscape, and the major industrial players/vendors. In most analysis, historical statistics together with market outlook cover the 2014-2022 period in terms of unit shipment as well as sales revenue.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Qualitative market analyses include identification and discussion of market structure, market overview, growth drivers, restraints and challenges, emerging market trends/opportunities, Porter’s Fiver Forces as well as M&A landscape and fundraising trend (IPO and VCI).
On basis of end-user, the market is broadly segmented into robotics solutions in chemical industry, rubber production and plastics industry. The chemical industry consumes most of newly ordered industrial robots due to its much larger production scale and fast-growing demand market.
On basis of application, the market is segmented into material handling, assembling and disassembling, dispensing and painting, cutting and milling, etc. with material handling as the predominant segment.
On basis of product type, the market is segmented into articulated robots, Cartesian robots, SCARA robots, and other robots (cylindrical robots, polar robots, delta robots, parallel robots, etc.). Cartesian robotics segment gains most of the current market shares while articulated robots is expected to grow at the highest rate among all industrial robotics types.
Geographically, the global market is segmented into North America, Europe, Asia-Pacific region, Latin America and the rest of world (RoW). Specific analysis and forecast over 2014-2022 have been covered for important national markets such as U.S., China, Japan, Germany, South Korea, and Mexico. Asia-Pacific region dominates the global industrial robots market in chemical, rubber and plastics industry in terms of sales volume as well as annual revenue, followed by European market and North America region. Strongest growth potential also exists in the vast APAC market in the future with China and Southeast Asian countries expected to be the main driving engines for the growth. The report also includes current competitive scenario and profiles of major vendors.
Highlighted by 4 tables and 75 figures, this 159-page report saves clients a lot of research time on a global market, and provides valuable information and a thorough understanding of the market’s emerging trends, which are needed to successfully derive critical business decisions, identify and expand business opportunities in the global industry.
Key Players:
ABB Ltd.
Fanuc Corp.
Kuka AG
Yaskawa Electric Corp.
Kawasaki Robotics
Epson Robotics
Aurotek
Comau
Staubli International AG
Omron
Axium
Nachi Robotic Systems
Reis Robotics
Pari Robotics

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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