openPR Logo
Press release

A Recent Study Says Plastic Compounding Market Will Make a Huge Impact in near Future | Top Players A. Schulman, Inc., SABIC, RTP Company, BASF, Solvay, LyondellBasell, Foster Corporation

Plastic Compounding Market

Plastic Compounding Market

The enormous growth in the automotive sector is expected to be a key driver for plastic compounding market in the future years. The automotive sector held a share of over 30% in the global plastic compounding market in 2016. China, Australia, Japan, India, Malaysia, Thailand, and Indonesia accounted for over 40 million automobile units (including passenger cars, trucks, and light commercial vehicles) in 2016.

Germany, Poland. France, Italy, Spain, and the UK together constitute more than 60% automotive demand in Europe. Plastic involved in a car contributes about 10-15% of the total car weight and thus plays a crucial role in propelling plastic compounding market. Additionally, in 2016, the plastic compounding consumption per vehicle in the U.S. was approximately USD 52 per vehicle. Regulations encouraging automotive weight reduction to reduce vehicular emissions will support plastic compounding market growth over the forecast period.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/1533

The demand from the consumer goods sector will also propel the plastic compounding market by 2024. The sector will have plastic compounding requirement for various applications including, packaging, home appliances, 3D printing, furniture, etc. Fluctuating crude oil prices will be a growth restraint over the forecast timespan.

In 2016, thermoplastic polymers generated above USD 18.4 billion in the global plastic compounding market. Thermoplastic polymers will lead the market throughout the forecast timespan. These will witness a vast demand from various end-user industries owing to their re-usability, moldability, and lesser manufacturing costs.

Thermoplastic elastomers have been gaining a wider acceptance in the plastic compounding market in the recent years. In 2016, thermoplastic elastomers contributed over USD 7.5 billion. Growing spending on automotive, medical, and construction divisions will drive thermoplastic elastomers demand in the near future. Plastic compounding for Styrene Block Copolymers (SBC) will have a substantial demand for plastic compounding processes over the forecast timespan. The range of SBC applications consists of medical devices, workplace automation, electric devices, polymer alteration, automobile parts, roofing, etc.

Electrical & electronics segment will witness growth at a CAGR of over 4% in the plastic compounding market by 2024. Various electrical applications of plastic include sockets, switches, semiconductors, wires & cables, enclosures, etc. PE and polyvinyl chloride (PVC) will be the leading polymers used in the segment by 2024.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. The Dow Chemical Company
2. BASF, SE
3. LyondellBasell Industries
4. Solvay SA
5. Kraton Corporation
6. Aurora Plastics LLC
7. A. Schulman
8. Saudi Basic Industries Corporation (SABIC)
9. Foster Corporation
10. RTP Company

Browse Complete Report Summary @
https://www.gminsights.com/industry-analysis/plastic-compounding-market

Plastic Compounding Market will surpass USD 50 billion by 2024; according to a new research report. In 2016, North America held a share close to 19% in the plastic compounding market. Robust demand for 3D printing especially from defense & aerospace, education, healthcare, and consumer goods sectors will drive plastic compounding demand in the region by 2024. Latin America plastic compounding market is estimated to grow at a CAGR of over 5% over the forecast period. Foremost participants, such as Honda, Nissan, and Mazda, have been investing in the industrial facilities in the central region of Mexico, which would encourage the automotive plastics demand in the region.

These trends present a strong potential for the plastic compounding market in LATAM by 2024. The MEA plastic compounding market generated revenue more than USD 2 billion in the year 2016. The development of the downstream petrochemical industry by the Middle East government will propel the plastic compounding market during the forecast timeframe.

- Plastic Compounding Market by End-user

• Consumer Goods
• Electrical & Electronics
• Construction
• Automotive
• Aerospace
• Others

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/1533

Significant market players include RTP Company, A. Schulman, The Dow Chemical, BASF, LyondellBasell Industries, Solvay, SABIC, etc. Major industry giants are involved in expanding their production capacity. For example, in 2015, RTP Company expanded its thermoplastic compounding facility in Mexico to support the regional demand and bolstered its supply to its customer base in Central and South American countries.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release A Recent Study Says Plastic Compounding Market Will Make a Huge Impact in near Future | Top Players A. Schulman, Inc., SABIC, RTP Company, BASF, Solvay, LyondellBasell, Foster Corporation here

News-ID: 1772105 • Views: 988

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Plastic

Plastic Pails (Plastic Bucket) Market Size and Analysis by Regions
MarketResearchReports.Biz adds “Global Plastic Pails (Plastic Bucket) Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Plastic Pails (Plastic Bucket) and the growth estimates for the forecasted period. A plastic pail is a type of container made from plastic that is employed in carrying out various applications ranging from construction, housing, shipping, to food and beverages. It is also
Yazheng Plastic Netting combined type plastic netting machine
Yazheng Plastic Netting developed combined type plastic netting machine.The combined type plastic netting machine can produce plastic deer fencing, anti bird netting, erosion control netting and plastic filtration netting. The combined type plastic netting machine is 30m long, it is be composed of polypropylene grinding miller, extruding machine, high temperature machine, stretch machine, rolled machine and cut machine. The horizontal thread and vertical thread of nettings that produced by
Recycled Plastic & Plastic Waste to Oil Market Analysis : TMR
There is a growing need for recycling the plastic and plastic waste. Various major companies are now concentrating on developing new waste-conversion technologies. Some of the major corporates in the global recycled plastic and plastic waste to oil market are Agilyx Inc., Cynar Plc, Vadxx Energy LLC, Nexus Fuels LLC, Clean Blue Technologies Inc., JBI Inc., RES Polyflow, PK Clean, Plastic Advanced Recycling Corporation (PARC), and MK Aromatics Ltd. These
Recycled Plastic & Plastic Waste to Oil Market Forecast 2016 - 2024
The recycled plastic & plastic waste to oil market report by Transparency Market Research provides in-depth analysis of the recycled plastic & plastic waste to oil market globally. The report segments the market on the basis of plastic type, technology, end-fuel, and geography. The report analyzes the global recycled plastic & plastic waste to oil market in terms of revenue (US$ Mn) for the 2016–2024 period. For this research study,
Recycled Plastic & Plastic Waste to Oil - Technology Analysis 2024
On the basis of technology, the recycled plastic & plastic waste to oil market has been segmented into pyrolysis, gasification and synthesis, and catalytic depolymerization processes. Pyrolysis process is the most widely used technology for converting plastic into oil (fuel). Pyrolysis process is expected to continue to dominate the recycled plastic & plastic waste to oil market due to its lower CAPEX requirements as compared to other technologies. Catalytic depolymerization
Recycled Plastic & Plastic Waste to Oil Technology: Analysis 2016 - 2024
Transparency Market Research has released a new market report titled “Recycled Plastic & Plastic Waste to Oil Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2016 - 2024.”The report defines and segments the recycled plastic & plastic waste to oil market, providing analysis and forecasts of the global revenue. According to the report, the global recycled plastic & plastic waste to oil market stood at US$542.8 mn