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.
Analysis of Global Plastic Compounding Market report:
Global plastic compounding market is set to witness a substantial CAGR of 6.08% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rapid industrialization and technological advancement in electrical and electronic companies are the factor for the growth of this market.
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- 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
Leading Key players profiled in this report are:
Few of the major competitors currently working in the global plastic compounding 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.
Global Plastic Compounding Market Segmentation:
- 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
- South America
Global plastic compounding market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of plastic compounding market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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The Global Plastic Compounding Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Plastic Compounding Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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