Plastic Compounding Market 2022-2027
New Study Reports “Plastic Compounding Market 2022 Global Analysis By Key Regions, Production, Consumption, Revenue, Applications, Growth and Forecasts 2027” has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Plastic Compounding Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Plastic Compounding Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
The global plastic compounding market is estimated to exhibit a moderate expansion at 4% CAGR, in terms of volume, during the forecast period 2017 to 2027, according to a recent analysis by Persistence Market Research (PMR). Global sales of plastic compounds are projected to reach nearly 300,000,000 tons in 2017; by 2027 this number is further anticipated to account for around 500,000,000 tons.
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Key Players:
The report has profiled some of the important players prevalent in the global like – BASF SE, DuPont, Coperion K-Tron, Adell Plastics, S & E Speciality Polymers, RTP CO., Agiplast, Sojitz Corporation, Kingfa Science & Technology Co. Ltd., Plstiblends India Ltd., Ravago, SO.F.TER. SPA, Citadel Plastics, AKRO-Plastic GmbH, Resinex, Arkema Group, Asahi Kasei Corporation, Celanese Corporation, Covestro, DSM N.V. and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Plastic Compounding Market.
Rising Adoption of Plastic Compounds by Electronics and Electrical Sectors to Drive the Market Growth
Demand for plastics is witnessing an immense surge in the consumer goods and food packaging sector, playing an indispensable role in safe transit of products. Flexible packaging accounts for a major group of materials including plastic films, foil, papers, vegetable fibers, and cloths that are capable of being used for making wrappings, sacks, and sealed as well as unsealed bags. Plastic compounds are also utilized in electronics and electrical industries, to manufacture parts of integrated circuits, resistors, and semiconductors.
Rise in technological advancements in electronic devices and gadgets have been influencing growth of the electronics and electrical sectors, thereby fuelling adoption of plastic compounds. In addition, factors such as growing industrialization in developing economies, coupled with soaring demand for infrastructure development, Olefins, and light-weight automobiles are further estimated to augment growth of the plastic compounding market.
However, the costs of plastic compound have been exhibiting a significant rise on the back of fluctuating chemical prices, coupled with high substitution potential of its bio-based counterparts. The governments and environmental agencies have been imposing stringent regulations pertaining to recycling norms of plastics, application scope, and quantity of utilization, which in turn have been impeding the production as well as consumption of plastic compounds across industrial sectors. These factors are estimated to inhibit growth of the market.
Sales of Polymers/Copolymers to Surpass 300,000 Tons by 2025-End
Polymers/copolymers will continue to be sought-after among products in the global plastic compounding market, with sales estimated to surpass 300,000 tons by 2025-end. However, sales of additives will continue to register a comparatively higher CAGR than sales of polymers/copolymers through 2025, in terms of volume. Among additives, colorants will continue to account for largest volume sales during the forecast period.
In terms of volume, automotive application of plastic compounds will remain dominant in the market. Volume sales of plastic compounds in healthcare application will witness the fastest expansion through 2025. In addition, packaging will remain the second largest application of plastic compounds. However, demand for plastic compounds in textile application will remain sluggish over the forecast period.
APAC to Remain the Most Lucrative Region in the Global Plastic Compounding Market
Asia Pacific (APAC) will continue to be the most lucrative region in the global plastic compounding market, with sales pegged to surpass 250,000 tons by 2025-end. Volume sales of plastic compounds in APAC will register the highest CAGR through 2025, followed by Latin America. In addition, Europe will remain the second largest market for plastic compounds, in terms of volume. The plastic compounding market in Middle East & Africa (MEA) is projected to exhibit a moderate expansion in terms of volume through 2025.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Plastic Compounding Market Manufacturers
Plastic Compounding Market Distributors/Traders/Wholesalers
Plastic Compounding Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Plastic Compounding Market – Report Highlights
- A detailed overview of parent market of Plastic Compounding Market
- Changing Plastic Compounding Market dynamics in the industry
- In-depth segmentation of the Plastic Compounding Market
- Historical, current, and projected Plastic Compounding Market size regarding volume and value
- Recent industry trends and developments in Plastic Compounding Market
- Competitive landscape of the Plastic Compounding Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Plastic Compounding Market performance
- Must-have information for Plastic Compounding Market players to sustain and enhance their market footprint
Key Questions Answered in the Plastic Compounding Market Report
How is the Plastic Compounding Market expected to grow over the projected period?
What direction is the Plastic Compounding Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Plastic Compounding Market in future?
What are the key market drivers in the Plastic Compounding Market?
What are significant opportunities and improvement areas for Plastic Compounding Market manufacturers?
What are the key developments and trends taking over the Plastic Compounding Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Plastic Compounding Market?
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