Plastic Compounding: Innovations of Manufacturing Technologies Providing a Valuable Platform for Market Growth

Plastic Compounding Market

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 main factors boosting the Plastic Compounding Market are:

  • Increasing demand in construction sector: Plastics are used for a wide variety of applications and a majority of end use industries are renowned for the usage of plastics in different stages of their businesses. One of the industries that is enhancing the levels of plastics consumption is the expanding construction industry which are demanding better quality of flooring materials, insulating materials, and storage products
  • Growth in automotive industry: Another industry that is resulting in the promotion of plastics compounding products, technology and associated solutions is the automotive industry. Plastics consists of a majority segment in the manufacturing process of automobile manufacturers and with the currently expanding segments in the automotive industry the demands for recycled plastics compounding and advanced quality of plastic products is at an all-time high. This trend is expected to result in a more systematic growth for the plastic compounding market

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.

Some of the Plastic Compounding Market developments are as follows:

  • In September 2019, Benvic Europe announced that they had agreed for the acquisition of Ereplast, helping them enter the recycling compounding business operations. This acquisition was carried out to focus on the advancements of PVC recycling compounding business operations for the European region. This acquisition will also provide an expansion of product portfolio for Benvic helping offer to their customers recycled and sustainable product solutions
  • In February 2019, Aurora Plastics LLC announced the inauguration of their expanded manufacturing facility situated in Pasadena, Texas, United States. The expansion involves upgraded capabilities in blending, automation and controlling of facility operations in terms of PVC production operations. The expansion also consists of a research lab and product testing services to ensure that the company offers innovative high quality products to their customers

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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