Chemical Planet

The shift in trend towards lightweight composites to lower vehicular weight and thereby foster fuel savings & lower carbon emission levels are anticipated to drive demand. The Americas Plastic Compounding Market is expected to reach USD 19.11 billion by 2024, according to a new report by Grand View Research, Inc. Increasing demand from major end-use industries such as automotive, electrical & electronics, packaging, construction and consumer goods is expected to remain a key driving factor for market growth. Plastics compounds are rapidly replacing conventional materials such as wood, glass, and metals in various applications on account of their flexibility, lubricity and increased strength & stiffness. Favorable federal regulations by agencies such as National Highway Traffic Safety Administration (NHSTA) and California Air Resources Board (CARB) regarding carbon emissions along with the U.S. EPA initiatives to develop plastics compounds in lightweight & fuel-

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.

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 com