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BASF, Kraton Corporation Profiled in Plastic Compounding Market 2024 - The Dow Chemical Company, SE, LyondellBasell Industries, Solvay SA, Aurora Plastics LLC, A. Schulman, Foster Corporation, RTP Company

10-16-2018 08:26 AM CET | Business, Economy, Finances, Banking & Insurance

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Plastic Compounding Market, Plastic Compounding Market trends, Plastic Compounding Market forecast, Plastic Compounding Market ana

Plastic Compounding Market, Plastic Compounding Market trends, Plastic Compounding Market forecast, Plastic Compounding Market ana

Market Study Report adds global Plastic Compounding market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Plastic Compounding Market will surpass USD 50 billion by 2024; according to a new research report.

Meticulously analyzed in terms of pivotal industry segments, Global Plastic Compounding market report effectively covers the scope of this space in terms By Product, By End-user and the prominent contributors. Additionally, the report also outlines intricate details regarding the lucrative opportunities that industry contenders can expect in conjunction with the potential threats that have been envisioned for this business sphere in the forthcoming years.

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The report extensively bifurcates the various contenders of Global Plastic Compounding market. Prominent contributors such as The Dow Chemical Company, BASF, SE, LyondellBasell Industries, Solvay SA, Kraton Corporation, Aurora Plastics LLC, A. Schulman, Saudi Basic Industries Corporation, Foster Corporation, RTP Company have been scrutinized in terms of their financials, strengths, weaknesses, potential threats in the market, and future opportunities.

North America constituted approximately 18% of the global market share for plastic compounding in 2016. Presence of packaging giants as International Paper, Tetrapak, Reynolds Group, Ball Corporation and Owens-Illinois will have a positive impact on plastics demand in the region. Rising thermoplastic elastomer usage in sports equipment, paving & roofing, personal hygienic products and medical equipment will boost the regional plastic compounding market growth. Strong demand for 3D printing from aerospace and defense, healthcare, education, and consumer products industries will also boost the plastic compound market particularly in the U.S.

Thermoplastic elastomers segment was valued more than USD 7 billion in 2016. Thermoplastic elastomers have progressed as a substitute for metal, synthetic or natural rubber, wood, glass, etc. Cumulative expenditure in medical, automotive and construction sectors in addition to the supervisory compliances for sustainable product development will propel the plastic compounding market for thermoplastic elastomers by 2024.

Consumer goods was a key end-user segment in global plastic compounding market in 2016. The segment generated above USD 7 billion in 2016 and is projected to witness extensive gains by 2024. Plastic compounding market for consumer goods will have substantial demand for packaging, household appliances, furnishing applications, etc. in the coming years. Consumer goods is projected to be the fastest growing segment over the forecast period.

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Currently, an average car consists of around 10-15% plastics of total car weight. The tendency to use plastic in automotive will increase in the forecast timeframe due to government initiatives across the globe to reduce vehicular emissions by reducing automotive weight.

Plastic compounding market will witness substantial demand in consumer goods by 2024. Plastics are used in consumer goods for a wide range of applications, including food packaging, furniture, household appliances, toys, etc. Packaging is integral to the delivery of safe, high-quality consumer products. Various household electrical appliances will have substantial demand for plastics in the coming years. PVC is widely used to insulate electric wiring, while thermosetting plastics are used for switches, light fittings and handles. 3D printing applications, innovative packaging techniques for consumer goods and surging demand for bioplastics will be few significant trends driving the global plastic compounding market by 2024.
Global plastic compounding market for thermoplastic polymers was valued at over USD 18 billion in 2016. Thermoplastic polymers are estimated to lead the global plastic compounding market by 2024. The higher demand will be attributed to their re-usable nature, wide range of applications and lower manufacturing costs compared to the other segments.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. Plastic Compounding Industry Insights

Chapter 4. Plastic Compounding Market, Product By End-user

Chapter 5. Plastic Compounding Market, By End-user

Chapter 6. Plastic Compounding Market, By Region

Chapter 7. Company Profiles

For More Details on this Report At: https://www.marketstudyreport.com/reports/plastic-compounding-market

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