Plastic Compounding Market 2019 Trend Expected to Guide From 2026: Growth Analysis by Manufacturers, Regions, Type and Application
Buy Now and Get Discount at: https://www.alliedmarketresearch.com/checkout-final/4668581add67ba289b4a16a1ed7d1570
According to the report, the global plastic compounding market was estimated at $565.41 billion in 2018 and is expected to hit $932.33 billion by 2026, growing at a CAGR of 6.4% from 2019 to 2026. The report offers an in-depth analysis of top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Increase in production of lightweight automobiles and surge in infrastructure development have fueled the growth of the global plastic compounding market. On the other hand, high prices of plastic compounds and harmful impact of VOCs present in the coating hamper the growth to some extent. Nevertheless, advancement in filter material technology is expected to create multiple opportunities in the market.
The packaging segment to rule the roost-
Based on end use, the packaging segment contributed to more than one-third of the total market share in 2018 and is expected to retain its top status during the forecast period. This is owing to the increased customer focus on hygiene, protection, contamination, and ease of transportation. The building & construction segment, on the other hand, is anticipated to grow at the highest CAGR of 6.7% during the period 2019–2026.
The polyethylene segment to grow at the fastest rate-
Based on type, the polyethylene segment is expected to grow at the fastest CAGR of 6.8% during the study period. This is attributed to its superior qualities such as high resistance to heat, impact resistance, and durability. Simultaneously, the polypropylene segment held the largest share in 2018, accounting for nearly one-fourth of the total market. Its large use in the packaging and automotive industry has driven the growth.
Asia-Pacific to continue its dominance till 2026-
Based on geography, the Asia-Pacific region garnered more than two-fifths of the total market share in 2018 and is expected to dominate throughout the forecast period.
Cheap labor cost, low setup costs associated with manufacturing units, and low cost of plastic compounding raw materials in the region have spurred the growth. Europe, on the other hand, is projected to grow at the fastest CAGR of 6.7% through 2019– 2026.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5288
Key market players-
Leading market players analyzed in the report include BASF SE, Celanese Corporation, SABIC, Covestro AG, Kingfa Sci. and Tech. Co., Ltd., Solvay SA, DowDuPont Inc., Asahi Kasei Corporation, PolyOne Corporation, and LyondellBasell Industries Holdings B.V. They have adopted a number of high-end strategies to heighten their stand in the market.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
This release was published on openPR.
Permanent link to this press release:
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 Plastic Compounding Market 2019 Trend Expected to Guide From 2026: Growth Analysis by Manufacturers, Regions, Type and Application here
News-ID: 1780584 • Views: 346
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
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