Plastic Compounding Market Research Report 2018 to 2023: Leading Global Players; SABIC, 3M, BASF SE, LyondellBasell Industries NV, Borealis, INEOS, DuPont, Versalis S.p.A (Eni S.p.A), Asahi Kasei Corporation, Covestro AG, SO.F.TER S.r.l, LANXESS AG, and T

Market Overview:

Market Research Future (MRFR) has revealed in its latest study that the global plastic compounding market is to expand at 6.03% CAGR during the forecast period 2017 to 2023. The market for plastic compounding is estimated to reach a valuation of USD 762,472.7 Million in 2023 up from USD 536,724.4 Million in 2017.

The increasing use of plastic compounding across different industry verticals such as optical media, automotive, packaging, electrical & electronics, medical devices, etc. is expected to catapult the plastic compounding market on an upward trajectory.

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The Global Plastic Compounding Market has been driven by the growing consumption of polypropylene and polyethylene in end-use industries. It is predicted that the compounding market is set to witness a higher growth due to an increase in the number of manufacturing units to produce plastic based products.

Intended Audience
• Plastic compounding manufacturers
• Suppliers and distributors
• Potential investors
• Raw material suppliers
• Associations
• Government
• End Use Industries

Market Segmentation:
The Global Plastic Compounding Market is categorized on the basis of Type, Application:

On The Basis Of Type-
• Acrylonitrile Butadiene Styrene (ABS),
• Polyethylene,
• Polyvinyl Chloride,
• Polystyrene,
• Polyamide,
• Polycarbonate,
• Polyethylene Terephthalate (PET),
• Polybutylene Terephthalate (PEB),
• Thermoplastic Olefins (TO),
• Thermoplastic Vulcanizates (TV)

On The Basis Of Application-
• Automotive,
• Electrical & Electronics,
• Consumer Goods,
• Construction,
• Packaging,
• Medical Devices
• Industrial Machinery

Regional Analysis:

Geographically, Plastic Compounding Market is segmented across Five Regions in the world namely:

• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa.

The Asia Pacific accounted for 47.6% share of the global market in 2017 and is likely to remain highly lucrative market over the next few years. The market in Asia Pacific is estimated to exhibit 6.25% CAGR during the projection period. The growth is attributable to the increase in demand from booming automotive and electrical & electronics industries.

Europe will hold the second spot globally, accounting for 20.8% share of the plastic compounding market. The market is likely to remain highly lucrative during the projection period striking a CAGR of 5.72%. The growth of the packaging industry in the region has an important role in boosting the demand in the market.
North America is expected to remain a significant growth pocket thriving at 5.17% CAGR.

Global Key Players:

The top players operating in the Plastic Compounding Market are:
• The Dow Chemical Company (U.S.A.),
• Lyondell Basel (the Netherlands),
• Exxon Mobil Corporation (U.S.A.),
• SABIC (Saudi Arabia),
• INEOS (Switzerland),
• BASF SE (Germany),
• Eni S.p.A (Italy),
• Chevron Phillips Chemical Company (U.S.A.),
• LANXESS (Germany)

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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This release was published on openPR.