LONDON--(BUSINESS WIRE)--According to the latest research study released by Technavio, the global industrial robotics market in the rubber and plastic industry is expected to record a CAGR of over 18% until 2020. This research report titled'Global Industrial Robotics Market in the Rubber and Plastic Industry 2016-2020', provides an in-depth analysis of market growth in terms of revenue and emerging market trends. To calculate the market size, the report considers the revenue generated primarily through the sales and services of various industrial robotics such as cartesian, articulated, and others for different applications in the rubber and plastic industry. "China accounted for about 25% of the overall production of plastics, followed by European countries that accounted for 20%. Key findings of this report show that the demand for plastics is anticipated to grow during the forecast period, and positively impact the market.
May-15-2016, 19:29:02 GMT