Category
Market Forecast
3D printing materials market will reach $3.18 billion by 2027, report says
The market will be driven by a rising demand for customization, the new study from Frost & Sullivan says.
Canada had $1.9 billion merchandise trade surplus for August, StatCan says
The result compared with a trade surplus of $736 million in July.
Global pneumatic conveying systems market to reach $8.7 billion by 2027, report says
Growth in the vacuum pressure conveying segment will reach 5.7 per cent CAGR for the next seven-year period, the report from ReportLinker said.
U.S. plastics industry trade improves in 2021 after 2020 pandemic slump, report says
The Plastics Industry Association report said that Mexico and Canada remained the U.S. plastics industry’s largest export markets.
Canadian small- and medium-sized businesses confident of economic rebound and future growth: KPMG
The latest KPMG Business Outlook Poll finds digital investments as key to growth, but challenges finding tech talent and supply chain risks could hold them back.
Plastic resin emerges as tiniest example of enduring COVID-19 supply chain crunch
Industry experts say the ongoing shortage of the ubiquitous material is unlikely to be resolved quickly, and that plastic resin price hikes are trickling down to consumer goods and adding to inflation.
Semiconductor chip shortage will cost the auto industry $210B in 2021, new forecast says
Consulting firm AlixPartners also says that production of 7.7 million units will be lost in 2021, up from its earlier forecast of 3.9 million units.
Canadian CEOs see M&A as key to driving growth, KPMG surveys say
The vast majority of CEOs at Canada’s biggest corporations, and almost half of SMEs, are bullish about mergers and acquisitions, the surveys find.
Report indicates continued U.S. plastics industry growth in 2021
Real plastics industry shipments are expected to increase 2.2 per cent this year following a 0.9 per cent decrease last year, according to the Plastics Industry Association’s latest Size & Impact report.
Global plastic compounding market will reach $93.1 billion by 2028: report
Rapidly developing construction and automobile sectors are anticipated to drive the demand for interiors, exteriors, and under-the-hood components, the report from Research & Markets said.
North American machinery shipments slowed in the second quarter
While new orders of plastics equipment have been increasing, ongoing supply chain issues are causing longer order-to-delivery timelines, a new report from the Plastics Industry Association says.
Digital skills shortage, lack of skilled labour are biggest issues for businesses, survey says
The most recent KPMG business outlook poll identified the inability to find and retain talent as the biggest threat to the growth prospects of businesses across the country.
Global EV sales to reach 5.3 million units in 2021: Frost & Sullivan
Intensifying electrification and fuel economy targets are set to propel EV market growth, according to a new Frost & Sullivan report.
Magna cuts 2021 revenue forecast as chip shortages expected to reduce vehicle output
But sales more than doubled to $9 billion, reflecting a global light vehicle production increase of 58 per cent.
Wittmann Battenfeld sets monthly sales record for robots in the U.S.
The company sold more than 80 robots in the U.S. in June, and says it’s on track to have a record year in 2021.
43 per cent of Canadian companies plan to add new positions in the second half of 2021
Another 54 per cent plan to fill vacated positions or bring back temporarily laid off employees, a new survey shows.
Manufacturing industry continues to lose millions due to border issues, survey says
Sixty-nine per cent of respondents have experienced loss of contracts due to border issues.
Engel back on “growth course,” company says
The Austrian machinery maker is once again operating at full capacity, with an order backlog not seen since 2018.
Plastics machinery shipments down in Q1 but “poised for growth,” report says
North American shipments of primary plastics machinery decreased following three consecutive quarters of growth, the report says.
Report forecasts solid growth for global plastics industry, predicts defining trends
With sustainability spurring innovation, the market is estimated to reach $558.71 billion in 2021, up from $533.04 billion in 2020, with a CAGR of 4.8%.
Injection molding machine market to reach $12.3 billion by 2025, report says
Factors such as growing demand from the healthcare industry, rapid industrialization in growing economies, and increasing demand for plastic molds in electric vehicles will drive the market.
Q1 2021 robot orders surge 20 per cent over 2020, association says
The strong Q1 for robot orders was the second-best start to any year on record, the A3 association said, and the second-best quarter on record for non-automotive orders.
Global PET stretch blow molding machine market to hit $1.36 billion by 2027, study says
The global market continues to be dominated by Europe, the study says, but the APAC region is expected to have the fastest CAGR from 2020 to 2027.
North American manufacturing rebounding from a challenging 2020, survey shows
Twenty-five per cent of the plastics processors and moldmakers surveyed broke even or lost money in 2020.
European plastics industry faces extreme raw materials shortages, price increases, association says
The situation threatens the economic survival of numerous SMEs and endangers the production of a wide range of products, the European Plastics Converters group says.
Global pneumatic conveying system market keeps growing, report says
The market is experiencing steady growth at a 6% CAGR, a new forecast from market analyst firm Market Research Future says, and this should continue through to 2022.
ANALYSIS: Texas deep freeze: Lingering impacts on U.S. petrochemical industry
Operations at U.S. Gulf Coast petrochemical facilities have yet to fully recover one month after freezing temperatures triggered widespread power outages and plant shutdowns.
New president and CEO for purchasing consultancy RTi
The Fort Worth, Tex.-based firm has named Robert Rosales as its new head, replacing outgoing president and CEO Pete Suerken.
Canadian manufacturing growth picked up in February, report says
An improving domestic demand picture, greater purchasing activity, and a sustained period of employment suggests firms expect greater output in the months ahead, the report from IHS Markit said.
U.S. winter storm impacting the polyester value chain, analyst says
The storm currently raging in Texas could have an impact on the global polyester chain, according to market analyst Wood Mackenzie.
North American machinery shipments up nearly 20% in Q4, report says
Canada and Mexico remained the top export markets for U.S. equipment suppliers in the fourth quarter, the report from the Plastics Industry Association said.
European flexible packaging manufacturers “very concerned” about polymer shortage and price development
The Flexible Packaging Europe association blames force majeure declarations, maintenance announcements, and price increases by European polymer manufacturers for creating sudden and significant shortages.
