Plastic Compounding Market Conveying Valuable Data In Forecast Year 2017 to 2025
Rising Adoption of Plastic Compounds by Electronics and Electrical Sectors to Drive the Market Growth
Demand for plastics is witnessing an immense surge in the consumer goods and food packaging sector, playing an indispensable role in safe transit of products. Flexible packaging accounts for a major group of materials including plastic films, foil, papers, vegetable fibers, and cloths that are capable of being used for making wrappings, sacks, and sealed as well as unsealed bags. Plastic compounds are also utilized in electronics and electrical industries, to manufacture parts of integrated circuits, resistors, and semiconductors.
Request for Free Sample Report of "Plastic Compounding" Market @ https://www.persistencemarketresearch.com/samples/16978plastic compounding market
Rise in technological advancements in electronic devices and gadgets have been influencing growth of the electronics and electrical sectors, thereby fuelling adoption of plastic compounds. In addition, factors such as growing industrialization in developing economies, coupled with soaring demand for infrastructure development, Olefins, and light-weight automobiles are further estimated to augment growth of the plastic compounding market.
However, the costs of plastic compound have been exhibiting a significant rise on the back of fluctuating chemical prices, coupled with high substitution potential of its bio-based counterparts. The governments and environmental agencies have been imposing stringent regulations pertaining to recycling norms of plastics, application scope, and quantity of utilization, which in turn have been impeding the production as well as consumption of plastic compounds across industrial sectors. These factors are estimated to inhibit growth of the market.
Request For Customization @ https://www.persistencemarketresearch.com/request-customization/16978
Sales of Polymers/Copolymers to Surpass 300,000 Tons by 2025-End
Polymers/copolymers will continue to be sought-after among products in the global plastic compounding market, with sales estimated to surpass 300,000 tons by 2025-end. However, sales of additives will continue to register a comparatively higher CAGR than sales of polymers/copolymers through 2025, in terms of volume. Among additives, colorants will continue to account for largest volume sales during the forecast period.
In terms of volume, automotive application of plastic compounds will remain dominant in the market. Volume sales of plastic compounds in healthcare application will witness the fastest expansion through 2025. In addition, packaging will remain the second largest application of plastic compounds. However, demand for plastic compounds in textile application will remain sluggish over the forecast period.
APAC to Remain the Most Lucrative Region in the Global Plastic Compounding Market
Asia Pacific (APAC) will continue to be the most lucrative region in the global plastic compounding market, with sales pegged to surpass 250,000 tons by 2025-end. Volume sales of plastic compounds in APAC will register the highest CAGR through 2025, followed by Latin America. In addition, Europe will remain the second largest market for plastic compounds, in terms of volume. The plastic compounding market in Middle East & Africa (MEA) is projected to exhibit a moderate expansion in terms of volume through 2025.
Click Here to Buy this Report@ https://www.persistencemarketresearch.com/checkout/16978
Key players in the global plastic compounding market as identified by PMR's report include BASF SE, DuPont, Coperion K-Tron, Adell Plastics, S & E Speciality Polymers, RTP CO., Agiplast, Sojitz Corporation, Kingfa Science & Technology Co. Ltd., Plstiblends India Ltd., Ravago, SO.F.TER. SPA, Citadel Plastics, AKRO-Plastic GmbH, Resinex, Arkema Group, Asahi Kasei Corporation, Celanese Corporation, Covestro, DSM N.V.
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - firstname.lastname@example.org
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
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 Conveying Valuable Data In Forecast Year 2017 to 2025 here
News-ID: 2671130 • Views: 226
More Releases from Persistence Market Research
Protective Cultures Market Key Players, Size, Share, Analysis and Forecast To 20 …
A report published by Persistence Market Research, titled Protective Cultures Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028′, the protective cultures market was valued at US$ 136.1 Mn at the end of 2018 in terms of value, and is forecast to reach US$ 922.4 Mn by the end of 2028. The global protective cultures market is expected to grow at a CAGR of 21.1% in terms of value from the
Butter Fat Fraction Market Global Industry Analysis, By Key Players Forecast to …
A new report published by the Persistence Market Research, titled 'Butter Fat Fraction Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2028', projects that the butter fat fraction market is expected to reach US$ 101.3 Mn in terms of market value by the end of 2018 (estimated year). The butter fraction market is forecasted to reach US$ 209 Mn by the end of 2028 (forecast
Commercial Seaweeds Market by Type, Application, Growth and Analysis - 2028
Persistence Market Research recently published a report, titled 'Commercial Seaweed Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028'. The report has valuated global commercial seaweed market at nearly US$ 13.9 Bn in 2018 and forecasts the market to surpass the value of US$ 19 Bn by the end of 2028. According to PMR's study, East Asia is expected to remain the largest market for commercial seaweed by the end of
Flax Protein Powder Market is expected to grow at a CAGR of over 5.5% from 2018 …
The latest report by Persistence Market Research, titled 'Flax Protein Market: Global Industry Analysis 2013-2017 and Forecast 2018-2027', provides some vital insights on the global flax protein market in terms of value and volume. The report states that, the global flax protein market was valuated at around US$ US$ 48 Mn in 2018, which is expected to grow at a CAGR of over 5.5% from 2018 to 2027. PMR provides some