Comment
fortunebusiness´s article

Plastic Compounding Market Global Updates, Size, Share Estimation to 2027

Category: Business
Submitted by fortunebusiness
29 day(s) ago (Server time: 28.09.2020 13:47:26)

Plastic Compounding Market will exhibit a CAGR of 6.5% during the forecast period and reach USD 87.11 billion by 2026, and the market value as per 2018 was USD 52.74 billion.

Fortune Business Insights™ provided the above information in a recently published report, titled, “Plastic Compounding Market Size, Share & Industry Analysis, By Type (Polyethylene, Polypropylene, Poly Vinyl Chloride, Polystyrene, Polyethylene, Polybutylene Terephthalate, Polyamide, Polycarbonate, Acrylonitrile Butadiene Styrene, and Others), By Application (Automotive & Transportation, Infrastructure & Construction, Electrical & Electronics, Packaging, Consumer Goods / Lifestyle, Industrial Machinery, Healthcare & Pharmaceuticals, and Others), and Regional Forecast, 2019-2026.”

 

Plastic Compounding Market Drivers and Restraint :

Increasing Number of Commercial & Residential Projects to Augment Growth

Nowadays, plastics are being used extensively in the insulation of infrastructures and buildings. Several products required for construction are made mainly by utilizing plastics. These include pipes, cables, doors, safety windows, and flooring. Compounded plastics possess numerous features that are similar to steel. They are resistant to harsh environmental conditions and rust, have robust strength, and are smooth in texture.

In today’s world, the population is growing at a rapid rate across the globe. It is, in turn, upsurging the number of residential and commercial projects. Coupled with this, the rising awareness programs about state-of-the-art interiors are growing amongst the consumers. These factors are set to augment the plastic compounding market growth during the forthcoming years. However, the prices of raw materials required to produce compounded plastics keep on fluctuating. It may obstruct the market growth.

Get Sample PDF Brochure with COVID19 Impact on Small Satellite Market: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/plastic-compounding-market-102550

    

List of Significant Manufacturers Plastic Compounding Market are:

 

Regional Analysis-

Asia Pacific to Dominate Owing to High Demand for Low Emission Vehicles

Geographically, the market is divided into Europe, Asia Pacific, the Middle East and Africa, North America, and Latin America. Amongst them, Asia Pacific is anticipated to generate the highest plastic compounding market revenue in the coming years. The majority of this growth would be contributed by China and India, mainly because of the rising demand for low emission vehicles. It is helping the automotive sector to expand.  

Asia Pacific is considered to be the largest producer of construction, automobiles, industrial machinery, electrical & electronics, and packaging materials. Coupled with this, the ongoing economic development and growing industrialization are set to impact the market positively in this region. The U.S. in North America previously held the largest share stoked by high demand for plastic compounding from healthcare & pharmaceutical, as well as electrical & electronics industries. The region procured USD 10.02 billion market share in 2018. In Europe, Germany is likely to be the main contributor of growth on account of the rising production of electric vehicles.

Browse Complete Summary of research Report: https://www.fortunebusinessinsights.com/plastic-compounding-market-102550

   

Competitive Landscape-

Lanxess Inaugurates New Plant in China; LyondellBasell Acquires A. Schulman, Inc.

Reputed companies present in the market are either investing huge sums in building brand new plants or are engaging in the strategy of mergers and acquisitions to widen their geographic reach and product portfolio. 

Some of the key industry developments in the Plastic Compounding Market Include:

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/plastic-compounding-market-102550

 

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

 

 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

 

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Tags:

Comments so far

You could also like

Drop off laundry service phoenix
How to Calculate Moving Costs?
Vacuum Truck Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
Steel Wire Market Size, Global Opportunities, Share, Growth, Industry Trends to 2027
Bus Rapid Transit Market Report by Technology, Industry Share and Size Expansion to 2026 | Fortune Business Insights™