Global Plastic Compounding Market Size study, by Product (Polyethylene (PE), Polypropylene (PP), Poly Vinyl Chloride (PVC), Polyamide, Polycarbonate, Others) by Application (Automotive, Electrical & Electronics, Building & Construction, Packaging, Consume

Global Plastic Compounding Market Size study, by Product (Polyethylene (PE), Polypropylene (PP), Poly Vinyl Chloride (PVC), Polyamide, Polycarbonate, Others) by Application (Automotive, Electrical & Electronics, Building & Construction, Packaging, Consumer Goods, Industrial Machinery, Medical Devices, Optical Media, Others) and Regional Forecasts 2022-2028

Global Plastic Compounding Market is valued approximately USD 60.35 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.4 % over the forecast period 2022-2028. Plastic compounding is a technique that involves melting polymers and adding particular additives to modify the thermal, physical, aesthetic, and electrical properties of the material. The increasing substitution of natural rubber, wood, metals, glass, and concrete for plastic will drive market expansion. Plastic is in high demand due to its ability to produce desired forms and ease of moulding in a variety of industrial applications. PET is primarily utilised in the manufacture of bottles and has a substantial market share in the plastics sector. Most PET processors in the United States are increasingly concentrating on applying Good Manufacturing Practices (GMPs) in order to maximise resource utilisation, preserve resources, and boost production efficiency. Polyethylene terephthalate (PET), a thermoplastic polymer most commonly linked with plastic bottles, has a global demand of 27 million metric tonnes in 2020 and is expected to reach 42 million metric tonnes by 2030. These measures are also projected to drive the PET market throughout the forecast period. However, fluctuating petrochemical costs limit market expansion over the projection period of 2022-2028.

The key regions considered for the Global Plastic Compounding Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific emerged as the market leader. The economic climate and the rise of plastic producers both support expansion. The region's automotive, industrial machinery, construction, packaging, and electrical and electronics sectors will be driven by the region's rising manufacturing sector. It is the region's top manufacturer and consumer of autos, consumer products, and packaging materials, paving the path for regional market expansion. Rapid infrastructure development in the United States and Mexico is expected to boost product demand throughout the projected period. Government policies that aid in the rehabilitation of the housing industry are expected to benefit the building market.

Major market player included in this report are:

BASF SE
LyondellBasell Industries Holdings B.V.
Dow, Inc.
DuPont
SABIC
RTP Company
S&E Specialty Polymers, LLC (Aurora Plastics)
Asahi Kasei Corporation
Covestro AG
Washington Penn
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Polyethylene (PE)
Polypropylene (PP)
Poly Vinyl Chloride (PVC)
Polyamide
Polycarbonate
Others
By Application:
Automotive
Electrical & Electronics
Building & Construction
Packaging
Consumer Goods
Industrial Machinery
Medical Devices
Optical Media
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Plastic Compounding Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

BASF SE
LyondellBasell Industries Holdings B.V.
Dow, Inc.
DuPont
SABIC
RTP Company
S&E Specialty Polymers, LLC (Aurora Plastics)
Asahi Kasei Corporation
Covestro AG
Washington Penn

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