Global Plastic Compounding Market, By Product (Polyethylene, Polypropylene, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Poly Vinyl Chloride, Polystyrene, Polyethylene, Poly-butylene Terephthalate, Polyamide, Polycarbonate, Acrylonitrile Butadiene Styrene and Others), Application (Automotive, Construction, Electrical and Electronics, Packaging, Consumer Goods, Industrial Machinery, Medical Devices, Optical Media and Others), Type (Polymer/ Copolymers and Additives), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the plastic compounding market will witness a CAGR of 6.22% for the forecast period of 2021-2028. Increase in the demand for plastic compounding for a wide range of applications such as automotive, construction, electrical and electronics, packaging, consumer goods, industrial machinery, pharmaceutical and medical devices, optical media and others, technological advancement in electrical and electronic companies and surge in industrialization in the developing countries are the major factors responsible for the growth of the plastic compounding market.
Compounding is a process wherein the plastic are manufacturing as a result of combination of two or more polymers at molten state. This is done to obtain a product with desired qualities. Plastic compounds possess high conductivity, flame retardant, wear resistance, and are light weight.
Rise in the demand for plastic compounding by construction industry mainly in flooring, insulation materials, storage tanks coupled with growth and expansion of the buildings and construction industry is the root cause fuelling up the plastic compounding market growth rate. Rising demand and large investment in the water and sanitation management is another factor responsible for propelling growth in the plastic compounding market value. Rising industrialization coupled with increasing demand for plastic compounding by automotive industry will also directly and positively impact the growth rate of the plastic compounding market. Changing lifestyle of consumer with increase in disposable income are some other important but indirect plastic compounding market growth determinants.
However, stringent regulations imposed on the use of plastic coupled with rising environmental concerns related to the toxicity issues will pose a major challenge to the growth of the plastic compounding market. Fluctuations or volatility in the prices of raw materials will also dampen the plastic compounding market growth rate.
This plastic compounding market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on plastic compounding market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Plastic Compounding Market Scope and Market Size
The plastic compounding market is segmented on the basis of product, application and type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, the plastic compounding market is segmented into polyethylene, polypropylene, thermoplastic vulcanizates, thermoplastic polyolefins, poly vinyl chloride, polystyrene, polyethylene, poly-butylene terephthalate, polyamide, polycarbonate, acrylonitrile butadiene styrene and others.
- On the basis of application, the plastic compounding market is segmented into automotive, construction, electrical and electronics, packaging, consumer goods, industrial machinery, medical devices, optical media and others.
- On the basis of type, the plastic compounding market is segmented into polymer/ copolymers and additives. Additives segment is sub-segmented into anti-oxidants, UV stabilizers, reinforcement agents, colorants and others. Others segment is sub-segmented into laser-marking, thermo-stabilizer, anti-microbial, flame-retardant, anti-static, anti-block, anti-foaming agents, metal deactivators, oxygen scavenger and CO2 barrier agents.
Global Plastic Compounding Market Country Level Analysis
The plastic compounding market is analysed and market size, volume information is provided by country, product, application and type referenced above.
The countries covered in the plastic compounding market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the plastic compounding market and will continue to flourish its trend of dominance during the forecast period. Abundant availability of raw materials is one of the major factors fostering the growth of market in this region. Growth and expansion of buildings and construction industry coupled with rising urbanization in the region will also drive the market growth rate.
The country section of the plastic compounding market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Plastic Compounding Market Share Analysis
The plastic compounding market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to plastic compounding market.
The major players covered in the plastic compounding market report are BASF SE, SABIC, Dow, LyondellBasell Industries Holdings B.V., KRATON CORPORATION., DuPont., RTP Company, 3M, Asahi Kasei Corporation, Covestro AG, Solvay, Evonik Industries AG, Washington Penn, Eurostar Engineering Plastics, KURARAY CO., LTD., Teijin Aramid B.V., LANXESS, Ravago, Heritage Plastics, Inc. and Sumitomo Bakelite Co., Ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Plastic Compounding Market
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