+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Plastic Compounding Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Pre Book Price: $ 5216

Original Price: $ 5795

Global Plastic Compounding Market: Brief Description

Combining a plastic resin with colors, additives, modifiers, fillers, reinforcements or other polymers has become a common practice, as about half of the plastic consumed in the world cannot be used as base resin. The compounding process is used to convert base resin into desired plastic that is more uniform, effective, and usable across varied applications. Plastics have traditionally been used in various applications such as automotive components, packaging, toys, furniture, electronic components, and construction materials. Manufacturing of plastic compounds entails three ingredients or raw materials: polymers, additives, and fillers. Polymers primarily comprise polypropylene and polyethylene. Polypropylene may be categorized into homopolymers or block copolymers. Prices of plastics have been on the rise in the past few years owing to instability in prices of petrochemicals and higher substitution potential of their bio-based counterparts.

Major polymers include polypropylene (PP), high-density polyethylene (HDPE), polystyrene (PS), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), thermoplastic polyesters (PET), and polyvinyl chloride (PVC). Engineering thermoplastics include polybutylene terephthalate (PBT), nylons, acrylonitrile butadiene styrene (ABS), polycarbonates, polyacetals, and polysulfones. Major plastics products under plastic compounding include olefins, polyimide (PI), polymethylmethacrylate (PMMA), polytetrafluoroethylene (PTFE), and polyetheretherketone (PEEK). Olefins is a major plastic compounded product that accounts for over 50% share of global plastic compounding market.

Global Plastic Compounding Market: Drivers and Restraints

Rise in demand for polyethylene in packaging and transportation applications has been a major factor driving the demand for olefins. Increase in demand for polypropylene in electrical components, automotive components, and consumer goods has further boosted the demand for olefins. Environmental agencies and plastics associations constantly develop and update recycling norms, utilization quantity, application scope, and environmental policies. This is expected to be a minor restraint to growth of the plastic compounding market over the next few years. In terms of application segments, the global plastic compounding market is divided into automotive, electrical & electronics, construction, industrial equipment, and consumer goods. Rising demand for high performance and lightweight automobiles from users is anticipated to propel the plastic compounding market in the automotive segment over the next few years. Stricter norms adopted by the automobile regulation authorities across the world, towards weight reduction and efficiency improvement of automobiles, is expected to further augment the plastic compounding market.

Global Plastic Compounding Market: Regional Overview

Asia Pacific is expected to be the leading regional market for plastic compounding over the next few years owing to increasing population and rapid industrialization in emerging economies such as China and India. Major industries such as automotive, electrical & electronics, construction, and consumer appliances are growing steadily in Asia Pacific owing to expansion in workforce and subsequent development of industrial infrastructure in the region. Europe is anticipated to follow suit, led by the presence of well-established and prominent automotive market in Germany and Italy. Furthermore, this factor is likely to play an important role in the market growth of plastic compounding in North American. The plastic compounding market in Latin America is projected to witness steady growth rate over the next few years owing to the expansion of construction industry in growing economies such as Brazil and other countries in South America. Growing construction industries in regions such as Asia Pacific, Latin America and Middle East and Africa is expected to augment the plastic compounding market in these regions.

Global Plastic Compounding Market: Key Players

Key players in the plastic compounding market include BASF SE, The Dow Chemical Co., LyondellBasell Industries N.V., E.I. du Pont de Nemours and Company, Kingfa, RTP Company, Bayer MaterialScience AG, A. Schulman Inc., Lanxess, Kraton Performance Polymers Inc., and Solvay .

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


To receive discount, please click on the button below.

Please click on the button below to customize this report.

 
 
Back To Top