Overview of the plastic and rubber manufacturing market in Romania
Technavio’s market research analyst has estimated that the plastic and rubber manufacturing market in Romania will grow at a CAGR of almost 5% by 2020. The recent boom in the Romanian manufacturing sector will be a critical factor leading to the growth of this market. The manufacturing sector in Romania has been experiencing significant growth due to increasing investments in automotive, metal forming, oil and energy, paper, rubber and plastics, and other manufacturing firms in recent years. According to the UK’s National Statistics Institute, new orders in the industrial sector saw an increase of almost 6.8% in 2014. As a result, industries engaged in the manufacture of plastic and rubber products witnessed above-average profitability.
According to this market study, privatization of the plastic and rubber industry in this region will also help spur the prospects for market growth. Due to the extensive privatization of plastic and rubber manufacturing industries in this region, many industries have started adopting advanced manufacturing technologies, with a focus on energy efficiency and quality enhancement of products. Furthermore, the growing focus on manufacturing products with superior mechanical properties, such as spares manufactured from plastics, will also lead to the growth of this market.
Competitive landscape and key vendors
This market is competitive and is highly fragmented with the presence of a large number of small and medium-sized companies. The level of competition in this market is likely to intensify owing to the increase in product/service extensions, technological innovations, and M&A activities. In this market, the international players are expected to grow inorganically by acquiring regional and local players.
Key vendors analyzed in this industry research report are -
- Prodplast
- Munplast
- Victoria
- Plastor
- Petstar Holding
- Gealan
- Stareastpet
- Artego
- Flexibil
- Arteca Jilava
- Ducatex
- Sento
Segmentation by product type and analysis of the plastic and rubber manufacturing market in Romania
- Plastic plates, sheets, tubes, and profiles
- Plastic packaging goods
- Builders’ ware of plastic
- Other rubber products (excluding rubber tires and tubes, and re-treading and re-building of rubber tires)
In this market research, analysts have observed that the plastic plates, sheets, tubes, and profiles segment dominated this market and accounted for an impressive market share of almost 25% by 2020. The manufacture of plastic products will gain more market traction as the demand for finished plastic products from the electronics, medical, packaging, and consumer goods sectors is extremely high.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the plastic and rubber manufacturing market in Romania?
- What are the key market trends impacting the growth of the plastic and rubber manufacturing market in Romania?
- What are the challenges to market growth?
- Who are the key vendors in the plastic and rubber manufacturing market in Romania?
- What are the market opportunities and threats faced by the vendors in the plastic and rubber manufacturing market in Romania?
- Trending factors influencing the market shares of Romania.
- What are the key outcomes of the five forces analysis of the plastic and rubber manufacturing market in Romania?
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