Global plastic compounding market is set to witness a substantial CAGR of 6.08% in the forecast period of 2020- 2026.
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Data Bridge Market Research has added an exhaustive research study of the Global Plastic Compounding Market detailing every single market driver and intricately analyzing the business vertical. The research report has abilities to raise as the most significant Plastic Compounding market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Research report presents a complete assessment of the Plastic Compounding Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data.
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Companies Profiled in this report includes, 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.
The rapidly revolutionizing market place demands the best Plastic Compounding market and business solutions to thrive in the Plastic Compounding market. The report also studies the key developments in the Plastic Compounding market with respect to current scenario and the forthcoming advancements. Moreover, this market report gives information about historic data, present Plastic Compounding market trends, environment, technological innovation, forthcoming technologies and the technical progress in the related industry. All this data aids industry to take better steps to get their strategies better to trade goods and services. Thus, the report makes businesses to focus on the more important aspects of the Plastic Compounding market
Compounding is a process in which plastics are manufactured by combining or mixing the different polymers or additives at a molten state. These blends are generally dosed automatically via feeders / hoppers with setpoints. They have the ability to change the physical, thermal, electrical and aesthetic characteristics of the products. Extrusion is mainly used for the compounding. These plastic compounding are widely used in industries such as automotive, electrical and electronics, industry, medical and others.
- Rising disposable income will drive the market growth
- Increasing demand in construction sector mainly in flooring, insulation materials, storage tanks can also act as a market driver
- Growth in automotive industry will also enhance the growth of this market
- Rising demand and large investment in the water and sanitation management including irrigation, power and transport will boost the market growth
- High cost in the price of the raw materials including polymers, additives and fillers will restrain the market growth
- Environmental regulations associated with the plastic recycling will also hinder the market growth
- Fluctuation in the price of crude oil and petrochemical
Segmentation: Global Plastic Compounding Market
- Thermoplastic Vulcanizates
- Thermoplastic Polyolefins
- Poly Vinyl Chloride, Polystyrene
- Polybutylene Terephthalate
- Acrylonitrile Butadiene Styrene
- Electrical & Electronics
- Consumer Goods
- Industrial Machinery
- Medical Devices
- Optical Media
- UV Stabilizers
- Reinforcement Agents
- Anti-foaming Agents
- Metal Deactivators
- Oxygen Scavenger
- CO2 Barrier Agents
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In April 2019, MOL Group announced the acquisition of Aurora so that they can enter into recycled plastic compounding market. This will help the company to provide high quality polypropylene, polyamide and recyclate-based compounds. The main aim of the acquisition is to strengthen their petrochemical business and help them to expand in the automotive supplier market
- In August 2018, LyondellBasell announced the acquisition of A. Schulman, Inc. a leading supplier of high-performance plastic compounds. This acquisition will help the company to strengthen their position in the market and will also help them to expand their business. It will also double the LyondellBasell’s existing compounding business and will enhance their reach in the market
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This Plastic Compounding report offers detailed coverage of the market and demonstrates each player active in the industry. It supplies a comprehensive analysis of the business aspects like market size, recent development advances, stocks, general tendencies and inventions. Additionally, the data included in the Plastic Compounding report was compiled through data methods like secondary and primary search. An expert group of analysts throws light in addition to lively location of the worldwide market. The Plastic Compounding report provides accurate data and insights related to global market which include CAGR, value, volume, consumption, production, growth rate and revenue.
- To study and analyze the global Plastic Compounding market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2026.
- To understand the structure of Plastic Compounding market by identifying its various sub segments.
- Focuses on the key global Plastic Compounding players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Plastic Compounding with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the size of Plastic Compounding submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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