(MENAFN- The Express Wire)
Plastic Compounding Industry Size 2021: Global Sales Revenue, Share,Growth Status, Emerging Technologies, Key Players Analysis, Development Status, Opportunity Assessment and Industry Expansion Strategies 2023
Posted on Feb 26 2021 6:40 AM
"Plastic Compounding Industry Report examines the economy status and prediction, categorizes of the Plastic Compounding Industry Share (volume & value) by manufacturers, type, application, as well as region. This Plastic Compounding Industry report concentrates on the best players in United States, North American, Japan, Southeast Asia, India, China and Europe.
"
Global Plastic Compounding Market Research Report Focuses on the key global Plastic Compounding manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in forecast period.Plastic Compounding Market Report organizes across the globe into distinct portion based on industry standards. It also distinguishes the market based on geographical regions. The Plastic Compounding report mainly throws light on dominant players in the regions of (North America, Europe, China, Japan, Latin America and India). Other regions can be added accordingly.Plastic Compounding market understand the structure by identifying its various subsegments.
Get a Sample Copy of the report -
Plastic Compounding Market Size (sales, revenue) forecast by regions and countries from 2021 to 2023 of Plastic Compounding industry.Plastic Compounding Market with respect to individual growth trends, future prospects, and their contribution to the total market. Plastic Compounding Market analysis have current study and addition to the potential feature of the market primarily depends upon the facet of the business which compete on the current market, high factors and appropriated analysis. Global Plastic Compounding Market report consumption (value and volume) by key regions/countries, product type and application.Plastic Compounding Market Report also mentions market share accrued by each product in the Plastic Compounding market, along with the production growth.
Plastic Compounding Market 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 consumption of Plastic Compounding submarkets, with respect to key regions (along with their respective key countries). It analyzes competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Enquire before purchasing this report -
Plastic compounding is a blend of base polymers such as polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC) with an additive. The base polymers are first melted and blended with additives such as anti-oxidants, colorants, and reinforcements to achieve the required properties. Combination of polymers with additive enhances the physical, thermal, and electrical properties of the plastic so as to make it suitable for applications in an array of end-use industries. Various properties of plastics compounding such as lightweight, flexibility, low density, durability, improved barrier resistance, insulation, energy-saving, improved weathering, and aesthetic appeal have increased application of plastics compounding in end-use industries.
According to analysis, the global plastic compounding market is estimated to reach USD 7,62,400 million by 2023 registering a CAGR of 6.03% during the forecast period. The polypropylene was dominant segment, accounted for second-largest market share and was valued at USD 1,67,604.7 million in 2017; it is projected to exhibit a CAGR of 6.50% during the forecast period. The application is increasing in the automotive industry owing to its high impact resistance property. Polypropylene has good fatigue resistance and better chemical and temperature resistance, which has made it a popular material for multiple applications. Thus, the demand for lightweight automotive parts driven by the need for fuel efficient and reduced emission vehicles is favoring the demand for polypropylene. However, the raw materials prices used to produce plastic compounding such as polymers, plastic additives, lubricants, and solvents are volatile. These raw materials are derived from crude oil. Volatile crude oil prices due to political instability, supplydemand gap, and seasonal variations are negatively expected to impact the growth of the global market. The global crude oil prices have witnessed fluctuations over the recent past, which is expected to hindering the global market growth. Moreover, the growing production and consumption of plastic compounds have led to an increase in plastic waste, which is favoring the use of recycled plastic in various end-use industries.
FIGURE 1GLOBAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2017 (%)
Sources: analysis
Regional Analysis
The global plastic compounding market by region is segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific accounted for the largest market in 2017 owing to rapid industrialization and infrastructural development activities in the region. For instance, a rapidly increasing automotive and electrical & electronics hub in the ASEAN is a key factor driving the global market growth. The demand for plastic compounding is projected to increase in several countries of Asia-Pacific such as Japan, China, Indonesia, India, and Rest of Asia Pacific. The growth of the residential and industrial infrastructure in these countries is driving the demand for plastic compounds in the construction industry. In 2017, China dominated the regional market with a value of around USD 1,09,316.4 million and is projected to retain its position during the review period with a significant CAGR of 6.63%. Some of the prominent factors driving the growth of the Asia-Pacific market are the continuous growth in the automotive industry, avalibility of low-cost labor, increasing per capita disposable income, and less regulatory norms in developing economies. Furthermore, Europe is expected to be the second-largest regional market due to the growing adoption of lightweight materials in the automotive industry on account of increasing scrutiny on vehicular emissions, and regulatory mandates, which consequebntly will increase the demand for plastic compounding. Increasing investments in industries such as automotive, construction, packaging, and electronics in the emerging economies such as North America and Latin America is projected to create substantial growth opportunities for the players operating in the regions in the coming years
Segmentation
The global plastic compounding market has been categorized based on product, application, and region. On the basis of product, the global market has been segmented into polypropylene, polyethylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, acrylonitrile butadiene styrene, polyamide, thermoplastic polyolefins, polybutylene terephthalate, thermoplastic vulcanizates, polycarbonate, and others. By application, the global market has been divided into automotive, packaging, building & construction, consumer goods, industrial machinery, medical devices, electrical & electronics, optical media, and others. The global plastic compounding market, by region, has been segmented into Latin America, North America, Asia-Pacific, Middle East & Africa, and Europe.
Key Players
Some of the leading players operating in the global plastic compounding market are Borealis AG (Austria), INEOS (Switzerland), Versalis S.p.A (Eni S.p.A) (Italy), Asahi Kasei Corporation (Japan), Covestro AG (Germany), SO.F.TER S.r.l (Italy), 3M (U.S.), Lanxess AG (Germany), DowDuPont (U.S.), and BASF SE (Germany), among others.
Geographic Analysis
The report covers a brief analysis of geographies such as:
•North America
oUS
oCanada
•Europe
oGermany
oSpain
oFrance
oUK
oCzech Republic
oRussia
oItaly
oBelgium
oPoland
oThe Netherlands
oPortugal
oAustria
oRest of Europe
•Asia Pacific
oChina
oIndia
oJapan
oRest of Asia Pacific
•Latin America
oBrazil
oMexico
oArgentina
oRest of Latin America
•Middle East & Africa
oTurkey
oUAE
oSaudi Arabia
oNorth Africa
oRest of Middle East & Africa
Key Findings
The global plastic compounding market is estimated to reach USD 7,62,472.7 million by 2023 registering a CAGR of 6.03%. Asia-Pacific is expected to be the dominant regional market with around 47.7% share due to large volume consumption of plastic compounding in the automotive industry. China is the leading country in Asia-Pacific due to the recent trend of electric vehicles which has surged the application of plastic compounding in automotive components replacing metal parts. In addition, increasing investments in construction activities across Saudi Arabia and UAE is expected to boost the demand for plastic compounding in the building & construction industry. The polypropylene is estimated to be the promising segment during the forecast period, with a share of 31.2% of the global plastic compounding market in 2017, while the polyethylene terephthalate segment is projected to register the highest CAGR of 7.25% during the assessment period.
Intended Audience
•Plastic Compounding Manufacturers
•Suppliers and Distributors
•Potential Investors
•Raw Material Suppliers
•Associations
•Government
•End-Use Industries
DC Description
•plastic blends
•thermoplastic polymer
•polyolefins
•high-density polyethylene
•hydrocarbon polymer
Get a Sample Copy of the Plastic Compounding Market Report 2020
Purchase this Report (Price 4450 USD for Single User License) -
The global Plastic Compounding market Growth is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2023. In 2021, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.Plastic Compounding Market provides sizing and growth opportunities for the period 2021-2023. Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. Report Includes a detailed analysis of growth drivers, challenges, and investment opportunities. Delivers a complete overview of segments and the regional outlook of the market. Plastic Compounding Market Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.
Plastic Compounding Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.Plastic Compounding Market Forecast by regions, type and application, with sales and revenue, from 2021 to 2023.Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Total Chapters in Plastic Compounding Market Report are:
Chapter 1 Overview of Plastic Compounding Market
Chapter 2 Global Market Status and Forecast by Regions
Chapter 3 Global Market Status and Forecast by Types
Chapter 4 Global Market Status and Forecast by Downstream Industry
Chapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 7 Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 8 Latin America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 10 Market Driving Factor Analysis of Low End Servers
Chapter 11 Plastic Compounding Market Competition Status by Major Manufacturers
Chapter 12 Plastic Compounding Major Manufacturers Introduction and Market Data
Chapter 13 Upstream and Downstream Market Analysis of Plastic Compounding Market
Chapter 14 Cost and Gross Margin Analysis of Plastic Compounding Market
And Continued…
Detailed TOC of Global Plastic Compounding Market Analysis & Forecast
1 Executive Summary
2 Market Dynamics
2.1 Market Growth Factors
2.1.1 Rising Security and Safety Concern
2.1.2 Plastic Compounding in Developing Countries
2.1.3 Enhanced Business Productivity
2.2 Market Restraints
2.3 Plastic Compounding Supply Chain Process
2.4 Porter's Five Forces Analysis
3 Global Plastic Compounding Market, By Type
3.1 Introduction
3.2 Sub-segment
4 Global Plastic Compounding Market, By Component
4.1 Introduction
4.2 Sub-segment
4.2.1 Plastic Compounding Components
5 Global Plastic Compounding Market, By Verticals
5.1 Introduction
6 Global Plastic Compounding Market, By Region
6.1 Introduction
6.2 Market, By Regions
6.2.1 North America
6.2.1.1 U.S. 33
6.2.1.2 Canada
6.2.1.3 Mexico
6.2.2 Europe
6.2.3 U.K.
6.2.3.1 Germany
6.2.3.2 France
6.2.3.3 Rest of Europe
6.2.4 Asia-Pacific
6.2.5 China
6.2.6 Japan
6.2.7 India
6.2.7.1 Rest of Asia-pacific
6.2.8 Rest of the World (RoW)
6.2.8.1 Middle East & Africa
6.2.8.2 Latin Countries
7 Competitive Landscape
7.1 Introduction
7.2 Market Share Analysis
7.3 Company Profiles
7.3.1.1 Business Overview
7.3.1.2 Product/Service Portfolio
7.3.1.3 Business Strategy
7.3.1.4 SWOT Analysis
8 Appendix
8.1 Scope of the Study
8.1.1 Research Objective
8.1.2 Assumption
8.1.3 Limitation
8.2 Market Structure
9 Research Methodologies
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
9.4 Market Size Estimation
9.5 Forecast Model
Browse complete table of contents at -
About Us:
Market Reports World is the Credible Source for Gaining the Market Reports that will Provide you with the Lead Your Business Needs. Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today's businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors.
CONTACT US
Name: Ajay More
Email: [email protected]
Phone: US +1 424 253 0807 /UK +44 203 239 8187
Other Reports Here:
Stripped and Housed Bourdon Tube Market 2021 Size,Share Global Business Prospect, Gross Margin Analysis, Industry Leading Players Update, Development History, and Industry Research Report 2026
Supersonic Flowmeters Market Size, Share Global Opportunities, Trends, Regional Overview, Global Growth, Leading Company Analysis, And Key Country Forecast to 2026
Monochloroacetic Acid (MCAA) Market 2021 Size,Share Global Competition Strategies, Statistics, Industry Trends, Revenue Analysis, Key Players, Regional Analysis by Forecast to 2025
Exanthema Market 2021 Share, Size Global Strategy ,Statistics, Industry Trends, Competition Strategies, Revenue Analysis, Key Players, Regional Analysis by Forecast to 2026
Neck Knives Market Size, Share : Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2025
MENAFN26022021004576010663ID1101665782