“Global PC Compounding Market, By PC Compound (PC/ABS, PC/PBT, PC/ASA, PC, PC/PET, PC-Others), By Color (No Color, White, Black, Blue/Green, Other Colors), By Pigment (No Pigment, Titanium Dioxide, Aluminum Pigments, Carbon Black, Iron Oxide, Other Pigments), By Industry Vertical (Automotive, Appliance, Electronic, Construction, Medical, Packaging, Sports Goods, Other Industry Verticals), as well as by Region – Global Forecast 2021 to 2030.”, which offers a comprehensive view of the Global PC Compounding Market through systematic segmentation that encompasses every aspect of this target market. The 5-year (2021–2026) cumulative revenue of this market is projected to be over $20,956.0 Mn, and is estimated to increase significantly over the latter part of the forecast period.
PC (Polycarbonate) based compounds are often known as engineering plastics owing to their numerous favorable characteristics. The compounding system is critically important for all polycarbonate-based materials. PC ingredients, mostly in powder or chip form, are compounded together with additive components into pellets such as transparent molding compounds in the compounding system.
The increasing usage of PC compounds by various end-user industries such as the automotive sector, where it is often used in the manufacture of various panels, body trim, etc., and the subsequent growth being experienced by this industry is expected to increase the demand for these compounds, thereby boosting the projected revenue growth of the Global PC Compounding Market in the process. Additionally, the increasing utilization of PC compounds for various purposes in the medical sector is another major factor that is slated to have a profound influence on the market growth of the global PC compounding industries over the course of the next few years. Although the increasing availability of PC compound substitute materials poses a certain level of risk that may impact anticipated revenues of the global PC compounding industry. However, increasing investments being channeled by various industry players towards the development of innovative end-products such as bio-polycarbonates, etc., that is expected to improve adoption rates, leading to an increase of the demand for this product. These are some of the most crucial factors anticipated to play a critical role in catapulting projected revenues for the Global PC Compounding Market to $25,150.4 Mn by 2030, at a CAGR of 4.3%.
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