Plastic Compounding Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt.) Ltd.)

Plastic Compounding Market Research Report- Forecast to 2023 Plastic Compounding is an ever-increasing market space. The market is garnering colossal traction due to the increasing prominence of plastic material in modern lives. A vast amount of compounded plastic is absorbed each year for the manufacturing of plastic decking, toys, pipes, window profiles, packaging, cable ducts, films, and automotive components, etc. All product types of Plastic Compounding are extensively consumed across industries which explains the future landscape for the Plastic Compounding Market at a global level. According to a leading research firm - Market Research Future (MRFR), the Global Plastic Compounding Market is to expand to USD 7,62,472.7 MN by In its recent analysis, MRFR also asserts that during the forecast period (2017 to 2023) the market would register 6.03% CAGR. In 2017, the market had generated a value of USD 5,36,724.4 MN. The augmenting market demand led by the burgeoning automotive & packaging industry is a major driving force. Other factors influencing the growth of the market, positively, include the growing population, urbanization, and industrialization across the globe. Also, the improving economic conditions worldwide, substantiate the market demand, driving the plastic market & the several other markets associated with the plastics. Furthermore, increasing investments transpired in the R&D activities to improve compounding techniques and to better the product, and associated technologies are fuelling the market growth. Plastic Compounding Market - Overview

Plastic Compounding Market Research Report- Forecast to 2023 The report is segmented into three market dynamics to widen the scope of understanding, By Product Type: ABS, PET, PEB, TV, Polyethylene, Polyvinyl Chloride, Polystyrene, Polyamide, Polycarbonate, and Polypropylene Compounds, among others. By Application: Electrical & Electronics, Medical Devices, Automotive, Consumer Goods, Construction, Packaging, and Industrial Machinery, among others. By Regions: North America, Europe, APAC, and the Rest-of-the-World. View Full Press https:// Segmental Analysis

Plastic Compounding Market Research Report- Forecast to 2023 Regional Outlook The Asia Pacific region dominates the Global Plastic Compounding Market with the largest market share. The presence of the burgeoning automotive, construction and packaging industries attributes to the regional market growth. Rapidly growing markets in China, Japan, and India contribute to the growth of the regional market, majorly, witnessing the massive consumption of polypropylene and polyethylene in these sectors. Besides, growing production and investments drive the growth of the Plastic Compounding Market in the region. The region has long been intriguing foreign investors due to its raw material advantage and the cost- competitive workforce. Resultantly, the numbers of plastic compounding plants in the region are continually rising, which is a substantial driving force behind the growth of the regional market. In 2017, the Plastic Compounding Market in the APAC was observed to have generated a value of USD 2,55,831 MN, which will appreciate further at a CAGR of 6.25% over the forecast period. The Plastic Compounding Markets in well-developed regions, Europe and North America are too growing significantly. The European market is predominantly led by the increasing demand for polypropylene and polyethylene in heavy industries. Moreover, the rapid industrialization and the demand from the consumer goods sector propel the regional market growth, acting as a significant tailwind. Therefore, the Plastic Compounding Market in Europe is projected to grow at a CAGR of 5.72% over the forecast period. Whereas North America's significant share in the Global Plastic Compounding Market attributes to the growing demand for plastics in automotive, construction, packaging, industrial machinery, and aviation sectors. Moreover, increasing automotive production and the rising demand for lightweight vehicles would support the region to register a CAGR over 5.17% over the forecast period.

Plastic Compounding Market Research Report- Forecast to 2023 Major Players in this Research Plastic Compounding Market Prominent Players: LyondellBasell Industries NV SABIC Borealis INEOS DuPont BASF SE Versalis S.p.A (Eni S.p.A) Asahi Kasei Corporation Covestro AG SO.F.TER S.r.l 3M (Dyneon GmbH) LANXESS AG and Total SA. Get a Free

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