A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Plastic
Compounding
Market. The
study, titled “Plastic
Compounding Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Global
Plastic Compounding Market: Brief Description
Combining
a plastic resin with colors, additives, modifiers, fillers,
reinforcements or other polymers has become a common practice, as
about half of the plastic consumed in the world cannot be used as
base resin. The compounding process is used to convert base resin
into desired plastic that is more uniform, effective, and usable
across varied applications. Plastics have traditionally been used in
various applications such as automotive components, packaging, toys,
furniture, electronic components, and construction materials.
Manufacturing of plastic compounds entails three ingredients or raw
materials: polymers, additives, and fillers. Polymers primarily
comprise polypropylene and polyethylene. Polypropylene may be
categorized into homopolymers or block copolymers. Prices of plastics
have been on the rise in the past few years owing to instability in
prices of petrochemicals and higher substitution potential of their
bio-based counterparts.
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Market Research Report @
Major
polymers include polypropylene (PP), high-density polyethylene
(HDPE), polystyrene (PS), low-density polyethylene (LDPE), linear
low-density polyethylene (LLDPE), thermoplastic polyesters (PET), and
polyvinyl chloride (PVC). Engineering thermoplastics include
polybutylene terephthalate (PBT), nylons, acrylonitrile butadiene
styrene (ABS), polycarbonates, polyacetals, and polysulfones. Major
plastics products under plastic compounding include olefins,
polyimide (PI), polymethylmethacrylate (PMMA),
polytetrafluoroethylene (PTFE), and polyetheretherketone (PEEK).
Olefins is a major plastic compounded product that accounts for over
50% share of global plastic compounding market.
Global
Plastic Compounding Market: Drivers and Restraints
Rise
in demand for polyethylene in packaging and transportation
applications has been a major factor driving the demand for olefins.
Increase in demand for polypropylene in electrical components,
automotive components, and consumer goods has further boosted the
demand for olefins. Environmental agencies and plastics associations
constantly develop and update recycling norms, utilization quantity,
application scope, and environmental policies. This is expected to be
a minor restraint to growth of the plastic compounding market over
the next few years. In terms of application segments, the global
plastic compounding market is divided into automotive, electrical &
electronics, construction, industrial equipment, and consumer goods.
Rising demand for high performance and lightweight automobiles from
users is anticipated to propel the plastic compounding market in the
automotive segment over the next few years. Stricter norms adopted by
the automobile regulation authorities across the world, towards
weight reduction and efficiency improvement of automobiles, is
expected to further augment the plastic compounding market.
Global
Plastic Compounding Market: Regional Overview
Asia
Pacific is expected to be the leading regional market for plastic
compounding over the next few years owing to increasing population
and rapid industrialization in emerging economies such as China and
India. Major industries such as automotive, electrical &
electronics, construction, and consumer appliances are growing
steadily in Asia Pacific owing to expansion in workforce and
subsequent development of industrial infrastructure in the region.
Europe is anticipated to follow suit, led by the presence of
well-established and prominent automotive market in Germany and
Italy. Furthermore, this factor is likely to play an important role
in the market growth of plastic compounding in North American. The
plastic compounding market in Latin America is projected to witness
steady growth rate over the next few years owing to the expansion of
construction industry in growing economies such as Brazil and other
countries in South America. Growing construction industries in
regions such as Asia Pacific, Latin America and Middle East and
Africa is expected to augment the plastic compounding market in these
regions.
Global
Plastic Compounding Market: Key Players
Key
players in the plastic compounding market include BASF SE, The Dow
Chemical Co., LyondellBasell Industries N.V., E.I. du Pont de Nemours
and Company, Kingfa, RTP Company, Bayer MaterialScience AG, A.
Schulman Inc., Lanxess, Kraton Performance Polymers Inc., and Solvay
.
Get
accurate market forecast and analysis on the Plastic Compounding
market. Request a sample to stay abreast on the key trends impacting
this market@
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
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and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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