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Plastic Compounding Market Segments and Key Trends Analysis 2018-2026

Introduction of rapid manufacturing techniques & advanced additive incorporation methodologies is expected to further drive adoption of lightweight, high-performance plastics for production of several consumer products.

The Global Plastic Compounding Market is expected to reach USD 95.2 billion by 2026, according to a new report by Grand View Research, Inc.


Plastics present a sustainable and low cost alternative to metals, wood and even ceramic materials utilized in varied industries. Rapid industrialization and expansion of said industries, including automotive, construction and electronics, specifically in emerging economies, is likely to influence consumption patterns & enhance demand over the forecast period.

An increasing number of R&D activities undertaken by key market participants, such as the recent introduction of FDA compliant polycarbonate grades by SABIC for high temperature food contact applications, are expected to revolutionize the sector. Other companies are expected to follow in SABIC’s wake, adopting sustainable and compliant manufacturing techniques to meet transitioning regulatory standards.

Polypropylene (PP) emerged as the dominant product with over 32% of the volume share in 2016. The segment is also expected to grow at a high CAGR of around 5% from 2017 to 2026, on account of its high utilization in the ever-expanding automotive industry.

To Know More About Plastic Compounding Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/plastic-compounding-market

High impact resistance, ease of serviceability and light weight make this the material of choice for forming crucial automotive components such as bumpers, chemical tanks, gas cans, and others.

Top Players of Plastic Compounding Market:

Kingfa emerged as a major player, followed by LyondellBasell and others such as BASF, PolyOne Corporation, SABIC, DuPont, A. Schulman, Mitsubishi Chemical Corporation, Bayer, China XD, Mitsui Chemicals and others.

Market Segmentation of Plastic Compounding Market:

The Global Plastic Compounding Market segmented on the basis of Product, Application, and Region.

By Products:

    Polyethylene
    Polypropylene
    TPV
    TPO
    PVC
    Polystyrene
    PET
    PBT
    Polyamide
    Polycarbonate
    ABS

By Application:

    Automotive
    Construction
    Electrical & Electronics
    Packaging
    Consumer Goods
    Industrial Machinery
    Medical Devices
    Optical Media

Inquire about Plastic Compounding Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2093
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