Global Plastic Compounding Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global plastic compounding market in its upcoming report titled, “Global Plastic Compounding Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global plastic compounding market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The plastic compounding market report has been segmented on the basis of raw material, application, end-user, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Compounding is a process of blending plastics with other additives. Process changes thermal, physical, electrical characteristics of the plastic. Compounding of plastics is done in several steps. Resin and additive are fed through an extruder such as twin screw extruder either counter rotating or co-rotating design where they are combined.
On the basis of product, the polypropylene segment is expected to hold major revenue share in the global plastic compounding market. Polypropylene is widely used in electrical and electronics, automotive, and packaging industries. Growing end-use industries is expected to propel segment growth over the forecast period.
On the basis of application, the automotive segment is expected to hold a major share in the global target market and is expected to maintain dominance for the next five years. Growing demand for lightweight and low emission automobiles to improve the fuel efficiency of the vehicles is expected to be a major factor driving segment growth.
Asia Pacific market is estimated to hold major revenue share in the global plastic compounding market, in 2017 and is expected to maintain its dominance over the forecast period. Growing end-use industries such as electrical and electronics, packaging, and construction in the region are expected to be a major factor driving revenue growth of Asia Pacific plastic compounding market over the forecast period. The Asia Pacific accounts for the largest revenue share contribution of the target market, followed by markets in the North America, Europe, Latin America, and the Middle East & Africa respectively. Moreover, growing automotive production in the region is expected to support revenue growth of Asia Pacific plastic compounding market growth over the forecast period.
Market segmentation and key players operating in the global plastic compounding market:
- High-density polyethylene
- Low-density polyethylene
- Polyvinyl chloride
- Thermoplastic polyesters
- Others (polybutylene terephthalate, polyimide, polycarbonate, and acrylonitrile butadiene styrene)
- Electrical & Electronics
- Others (industrial equipment and consumer goods)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- LyondellBasell Industries N.V.
- BASF SE
- Saudi Basic Industries Corporation
- The Dow Chemical Company
- I. du Pont de Nemours and Company
- Kraton Polymers Inc.
- Solvay S.A.
- RTP Company, Inc.
- Schulman, Inc.
- Polyvisions Inc.
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