Malaysia Plastic Compounding Market Trend, Segmentation and Forecast to 2025

Plastic compounds have gained wide acceptance in packaging & automotive industry owing to their advantageous characteristics such as durability and low cost. The Malaysia Plastic Compounding Market is anticipated to reach USD 1.09 billion by 2025, according to a new report by Grand View Research, Inc.

Malaysia offers a lucrative, cost-competitive geographic location for investors intending to set up compounding facilities in the region. Such manufacturers are likely to have the added advantage of advanced technologies as well as inexpensive raw materials for product development. Innovative compounds such as PVC based copolymers to exhibit high penetration as a result of their non-halogenic, flame retardant & extrudable properties which makes them ideal for industrial applications

Polypropylene (PP) dominated the market with over 27% volume share in 2015. The introduction of bio-based PP polymers is also contributing significantly to sustainable growth in the industry. High flexural strength due to semi-crystalline nature has made it ideal for unique applications such as living hinges in packaging materials.

The emergence of a strong middle class and subsequent rise in demand for consumer goods has driven plastics consumption in the packaging sector. Innovations focusing on closure improvement to enhance safety features in consumer packages to be a prime driver for the packaging segment.

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The electrical & electronics segment is expected to exhibit steady growth rate of 5.9% as a result of numerous expansion & diversification projects in the semiconductor industry, leading to high polymer consumption in insulative devices. Rising consumer awareness regarding the benefits of low weight & fuel efficient polymers in vehicles is also projected to positively impact growth in the automotive segment.

Top Players of Malaysia Plastic Compounding Market:

Influential companies operating in this market include Polyplastics Asia Pacific Sdn Bhd, Melchers Malaysia, BASF Sdn Bhd, The Inabata Group, Helistrom Sdn Bhd, Compounding and Coloring Sdn Bhd, Eveready Manufacturing Pte Ltd. companies among others.

Market Segmentation of Malaysia Plastic Compounding Market:

The Malaysia Plastic Compounding Market segmented on the basis of Product and End-Use.

By Product:

    Polyethylene (PE)
    Polypropylene (PP)
    Thermoplastic Vulcanizates (TPV)
    Thermoplastic Polyolefin (TPO)
    Polyvinyl Chloride (PVC)
    Polyethylene Terephthalate (PET)
    Polybutylene Terephthalate (PBT)
    Polyamides (PA)
    Polycarbonates (PC)
    Acrylonitrile Butadiene Styrene (ABS)

By End-Use:

    Automotive
    Construction
    Electrical & Electronics
    Packaging
    Consumer Goods
    Industrial Machinery
    Medical devices
    Aerospace

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