Plastic Compounding Market Research Report 2019 | A. Schulman, Inc., SABIC, RTP Company, BASF, Solvay, LyondellBasell, Foster Corporation
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.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1533
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.
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.
What are the important points that the Plastic Compounding Market report covers with respect to the End-user landscape?
• The report segments the Plastic Compounding Market into Consumer Goods, Electrical & Electronics, Construction, Automotive, Aerospace as per the End-user spectrum.
• The market share that each of the End-user segments account for in the industry currently, are provided in the report.
• The growth rate at which the End-user categories will increase over the forecast period have been mentioned, in tandem with the target valuation that each of the sub-segments will accrue by the end of the projected period.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/plastic-compounding-market
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.
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.
Make an inquiry for purchasing this report @ https://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 Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
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:
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 Research Report 2019 | A. Schulman, Inc., SABIC, RTP Company, BASF, Solvay, LyondellBasell, Foster Corporation here
News-ID: 1838266 • Views: 311
More Releases from global market insights
Phosphorescent Pigments Market grow at comparatively higher rate because of its …
Phosphorescent Pigments Market is estimated to surpass USD 290 million by 2024; according to a new research report by Global Market Insights, Inc. Phosphorescent pigments market will witness significant development in the forecast period due to its notable use in various end-use applications such as clock or watch dials, writing & printing inks, electronic instruments & dial pads, home appliances, camping equipment, textile printing & fabrics, outdoor path marking, lighting
Powder Coating Market to Exceed USD 17 Bn by 2025: Global Market Insights, Inc.
Global powder coating market is poised to witness significant growth from 2019 to 2025 owing to environment-friendly properties, cost effectiveness, high quality, swift paint applicability, and easy usability over conventional paints. These coats are solvent-free and have minimal volatile compounds emissions compared to liquid paints. It provides a long-lasting and durable finish for metal products & parts and also exhibits superior gloss retention. Factors such as high corrosion resistance, easy
Expanded Perlite Market 2020 – Global Industry Trends and Growth Forecast to 2 …
Global expanded perlite market size will exceed USD 1.3 billion in terms of annual valuation by 2024. Driven by positive application in various end use industries including petroleum refining, pharmaceutical, construction and horticulture, expanded perlite market size will witness significant growth through 2024. Expanded perlite is an ultra-lightweight aggregate with low density ranging from 70-600 kg/m3 and offers unique benefits including fire resistance, heat and sound insulation. This has led
Packaging Materials Market: Global Industry Analysis, Growth, Trends and Forecas …
A report by Global Market Insights, Inc., predicts that the packaging materials market size is expected to reach a valuation of USD 1.3 trillion by the end of 2024 subject to their expansive use across various business domains, including the likes of cosmetics, food and beverages, chemicals, pharmaceuticals, and vivid household products. With consumer preferences undergoing a major transformation in the recent times, packaging materials market has registered itself as
More Releases for Plastic
Recycled Plastic and Plastic Waste to Oil Market Report, 2027
Albany, NY - Global Recycled Plastic and Plastic Waste to Oil Market: Key Highlights • The global recycled plastic and plastic waste to oil market was valued at ~US$ 37 Mn in 2018, and it is anticipated to expand at a CAGR of ~10% during the forecast period. • Among the fuels, the diesel segment held a dominant share of the global recycled plastic and plastic waste to oil market in 2018, primarily due
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 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