Plastic compounding is defined as the process of arranging the plastic mixtures by combining different variants of polymers, additives and other components utilized in the production of plastics. This process then subsequently involves fixing pre-determined set points for dosing additives with the help of feeders. This process enables the enhancement of different characteristics of plastics with improvements across the physical, aesthetic, electrical and chemical characteristics.
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The market is segmented on the basis of product as polyethylene, polypropylene, thermoplastic vulcanizates, thermoplastic polyolefins, poly vinyl chloride, polystyrene, polyethylene, polybutylene terephthalate, polyamide, polycarbonate, acrylonitrile butadiene styrene and others. Application segment has been segmented into automotive, construction, electrical & electronics, packaging, consumer goods, industrial machinery, medical devices, optical media and others. Type includes polymer/copolymers, additives.
According to Data Bridge Market Research, Global Plastic Compounding Market is expected to reach be growing at a CAGR of 6.08% during the forecast period of 2019 to 2026
Some of the major players operating in the market are BASF SE, SABIC, Dow, LyondellBasell Industries Holdings B.V., KRATON CORPORATION., DuPont de Nemours, RTP Company, 3M, Asahi Kasei Corporation, Covestro AG, WASHINGTON PENN PLASTIC CO., INC., Eurostar Engineering Plastics, KURARAY CO., LTD., TEIJIN LIMITED, LANXESS, Solvay, Ravago, Heritage Plastics, Inc., Sumitomo Bakelite Co., Ltd., Nova Polymers, Inc., Adell Plastics and others.
Fillers are basically a type of additive materials that are used for maintaining and enhancing the structure and functionalities of different materials. They are utilized in the manufacturing process of different materials. With the innovations and advancements in the manufacturing technologies, there has also been a growth of technological advancements in the filler material technologies, with this trend helping the market players in providing a better platform for market expansion for the forthcoming period.
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Global Plastic Compounding Market – Industry Trends and Forecast to 2026