Plastic Compounding Market Size, Trends, Growth, Outlook and Forecast to 2023

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Plastic Compounding Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Plastic Compounding Market Research Report-
Forecast to 2023
Plastic Compounding Market - Overview
The Global Plastic Compounding Market is expected
to touch USD 7, 62, 472.7 million at a striking
6.03 CAGR over the forecast period (2017-2023).
The process of compounding is used for converting
the base resin into the desired plastic which is
more effective, uniform and usable in different
applications. Traditionally plastics have been
utilized in numerous applications including
construction materials, electronic components,
furniture, toys, packaging and automotive
components. The plastic compound manufacturing
includes three raw materials or ingredients-
Plastic Compounding fillers, plastic compounding
additives and plastic compounding polymers. This
process allows use of polymer variants namely PP
(Polypropylene), PE (Polyethylene) and PVC (Poly
Vinyl Chloride) in the creation of an array of
products. Based on the effective utilization of
compounding methods, plastic has succeeded in
emerging as a viable substitute to metal and
glass. There are many factors that is fueling the
growth of the Plastic Compounding Market. The
different market trends and factors in this
market according to an analysis performed by
Market Research Future (MRFR) include growing
alternative of alloys and metals with plastic
counterparts that are lightweight, advancement in
technologies, increase in the need for
polyethylene in transportation and packaging
applications, its increasing demand in consumer
goods, automotive components and electrical
components, increasing demand for lightweight and
high performance vehicles from users, stringent
norms taken by the auto regulation authorities
towards reduction in weight and efficiency
improvement of vehicles and the trend of using
recycled and bio-based plastic. On the contrary,
constant development and updates undertaken by
the plastics associations and environmental
agencies on recycling norms, environmental
policies, application scope and utilization
quantity coupled with instability in
petrochemical prices may hinder the growth of the
Plastic Compounding Market over the forecast
period.
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Plastic Compounding Market Research Report-
Forecast to 2023
Segmental Analysis
In the Market Research Future (MRFR) report, the
Plastic Compounding Market has been segmented on
the basis of Product and Application. Based on
Product, it is segmented into polybutylene
terephthalate, thermoplastic vulcanizates,
thermoplastic polyolefins, polycarbonate,
polyamide, acrylonitrile butadiene styrene,
polystyrene, polyethylene terephthalate,
polyvinyl chloride, polyethylene and
polypropylene. Of these, polypropylene will have
the largest share in the plastic compounding
market owing to serviceability and high impact
resistance that has propelled its demand in the
automotive industry. Based on Application, the
Plastic Compounding Market is segmented into
optical media, medical devices, industrial
machinery, consumer goods, packaging,
construction, electrical and electronics and
automotive. Of these, the automotive segment will
lead the market owing to plastic playing the
chief role in automotive components
production. View Full Press Release _at_
https//www.marketresearchfuture.com/reports/plast
ic-compounding-market-4697
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Plastic Compounding Market Research Report-
Forecast to 2023
Regional Outlook
Based on Region, the Plastic Compounding Market
covers growth opportunities and latest trends
across North America, Europe, Asia Pacific, Latin
America and Middle East and Africa. Of these, the
APAC region will remain a lucrative market over
the forecast period owing to rising demand from
booming electrical and electronics and automotive
industries along with exponentially increasing
population, rising purchasing power and also the
consolidation of the emerging markets including
India, Thailand, China and South Korea is
anticipated in creating opportunities for market
players here. APAC will be followed by Europe
which has the second largest share in the market
and is expected to stay highly lucrative. The
Plastic Compounding Market in North America will
have a significant growth owing to rise in
automotive production and increasing need for
lightweight automobiles.
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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

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