Press release
Plastic Compounding Market 2020 Trends by Top Players: The Dow Chemical Company, BASF, LyondellBasell, Solvay, A. Schulman, SABIC, PolyOne
Plastic Compounding Market
Integration of lightweight plastic materials for automotive and construction applications will drive the market share over the study timeframe.
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Consumer inclination towards vehicle safety, reliability and enhanced fuel economy are promoting the adoption of innovative automotive plastics in interior, exterior and under the hood applications. Stringent vehicle emission norms and standards specified by regional government bodies are supporting the incorporation of lightweight plastic products.
Further, innovative materials such as bio-based FDME have higher potential to replace petroleum-based materials in many applications in industries like textiles, packaging and plastics engineering.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
o The Dow Chemical Company
o BASF SE
o LyondellBasell Industries
o Solvay SA
o Kraton Corporation
o Aurora Plastics LLC
o Schulman
o SABIC
o Foster Corporation
o RTP Company
o Asahi Kasei Plastics
o Covestro AG
o Kuraray Plastics Co.Ltd.
o Lanxess AG
o MRC Polymers Inc.
o PolyOne Corporation
o Chevron Phillips Chemical Company LLC
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Plastic compounding plays a vital role in enhancing the performance characteristics of plastic resins with additives to cater the growing consumer requirements. Customized polymer formulations are developed to meet specific demand by aerospace, electronics and packaging industries Increasing commercial and residential infrastructure projects coupled with rising awareness regarding attractive home interiors options will positively influence the industry size.
Enhanced durability, corrosion resistance, insulation and easy to install features are providing potential opportunities for increased applications in window frames, interior design, piping and insulation products. Enhanced flexibility, durability and adaptability offered by thermoplastic polymers enable their integration in consumer goods and packaging industry. Moreover, improvement in tensile strength and chemical resistance are positively influencing the product lifecycle and reusability.
Plastic Compounding Market, By End User
o Consumer goods
o Electrical & electronics
o Construction
o Automotive
o Aerospace
o Others
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Strategic acquisitions and collaborations of industry participants are significantly contributing towards expanding their global business operations. Increasing demand of compounded plastics is providing potential opportunities for expansion of production facilities and new product penetrations to serve a large consumer base. For instance, SABIC launched 'HDPE P6006L' polyethylene for production of pipes of greater diameter and higher density while maintaining higher stability.
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