Vietnams plastics industry is sustaining its growth momentum, according to the report Vietnam Plastic Comprehensive Report Q1 - 2018 released by ResearchAndMarkets.com.
The report stated that total plastic manufacture yield in 2017 reached 6.7 million tonnes, up slightly by 1.05% compared to 2016. Production of plastics continuously grew in the period of 20092017 with CAGR of 9.6% and the trend is expected to continue.
It is predicted that the main export markets of Vietnam plastic industry in 2018 are Japan and the US. But other markets such as China, Laos, Cambodia, Myanmar, etc are being targeted by Vietnamese manufacturers who want to branch out to the international markets.
Surging demand for automation
Frost & Sullivan estimates that the total automation and control market in Vietnam will be worth $184.5 million by 2021.
Present in the country since 2016, Universal Robots (UR) distributes cobots through its Vietnamese technology distributor and system integrator partners - Servo Dynamics Engineering and Tan Phat Automation JSC. In Vietnam, cobots are deployed in industries such as automotive, electronics, textile, footwear and food processing industries.
This story is from the October 2018 edition of International Plastics News for Asia.
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This story is from the October 2018 edition of International Plastics News for Asia.
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