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Plastic Compounding Market Size 2021, Share Estimation, Trend Analysis, Industry Growth Rate, Players with Strategies, Sales and Revenues, Future Demands, and Supply Forecast 2027

Plastic compounding Growth 2021-2027 , Covid19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider Plastic compounding, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Plastic compounding size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get a complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

The global plastic compounding market is estimated to reach USD 7,62,400 million by 2023 registering a CAGR of 6.03% during the forecast period.

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Plastic compounding is a blend of base polymers such as polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC) with an additive. The base polymers are first melted and blended with additives such as anti-oxidants, colorants, and reinforcements to achieve the required properties. Combination of polymers with additive enhances the physical, thermal, and electrical properties of the plastic so as to make it suitable for applications in an array of end-use industries. Various properties of plastics compounding such as lightweight, flexibility, low density, durability, improved barrier resistance, insulation, energy-saving, improved weathering, and aesthetic appeal have increased application of plastics compounding in end-use industries.

The global plastic compounding market is estimated to reach USD 7,62,400 million by 2023 registering a CAGR of 6.03% during the forecast period. The polypropylene was dominant segment, accounted for second-largest market share and was valued at USD 1,67,604.7 million in 2017; it is projected to exhibit a CAGR of 6.50% during the forecast period. The application is increasing in the automotive industry owing to its high impact resistance property. Polypropylene has good fatigue resistance and better chemical and temperature resistance, which has made it a popular material for multiple applications. Thus, the demand for lightweight automotive parts driven by the need for fuel efficient and reduced emission vehicles is favoring the demand for polypropylene. However, the raw materials prices used to produce plastic compounding such as polymers, plastic additives, lubricants, and solvents are volatile. These raw materials are derived from crude oil. Volatile crude oil prices due to political instability, supply-demand gap, and seasonal variations are negatively expected to impact the growth of the global market.

The global crude oil prices have witnessed fluctuations over the recent past, which is expected to hindering the global market growth. Moreover, the growing production and consumption of plastic compounds have led to an increase in plastic waste, which is favoring the use of recycled plastic in various end-use industries.

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Regional Analysis
The global plastic compounding market by region is segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific accounted for the largest market in 2017 owing to rapid industrialization and infrastructural development activities in the region. For instance, a rapidly increasing automotive and electrical & electronics hub in the ASEAN is a key factor driving the global market growth. The demand for plastic compounding is projected to increase in several countries of Asia-Pacific such as Japan, China, Indonesia, India, and Rest of Asia Pacific.

The growth of the residential and industrial infrastructure in these countries is driving the demand for plastic compounds in the construction industry. In 2017, China dominated the regional market with a value of around USD 1,09,316.4 million and is projected to retain its position during the review period with a significant CAGR of 6.63%. Some of the prominent factors driving the growth of the Asia-Pacific market are the continuous growth in the automotive industry, avalibility of low-cost labor, increasing per capita disposable income, and less regulatory norms in developing economies. Furthermore, Europe is expected to be the second-largest regional market due to the growing adoption of lightweight materials in the automotive industry on account of increasing scrutiny on vehicular emissions, and regulatory mandates, which consequebntly will increase the demand for plastic compounding. Increasing investments in industries such as automotive, construction, packaging, and electronics in the emerging economies such as North America and Latin America is projected to create substantial growth opportunities for the players operating in the regions in the coming years
Segmentation

The global plastic compounding market has been categorized based on product, application, and region. On the basis of product, the global market has been segmented into polypropylene, polyethylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, acrylonitrile butadiene styrene, polyamide, thermoplastic polyolefins, polybutylene terephthalate, thermoplastic vulcanizates, polycarbonate, and others. By application, the global market has been divided into automotive, packaging, building & construction, consumer goods, industrial machinery, medical devices, electrical & electronics, optical media, and others. The global plastic compounding market, by region, has been segmented into Latin America, North America, Asia-Pacific, Middle East & Africa, and Europe.

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Key Players
Some of the leading players operating in the global plastic compounding market are Borealis AG (Austria), INEOS (Switzerland), Versalis S.p.A (Eni S.p.A) (Italy), Asahi Kasei Corporation (Japan), Covestro AG (Germany), SO.F.TER S.r.l (Italy), 3M (U.S.), Lanxess AG (Germany), DowDuPont (U.S.), and BASF SE (Germany), among others.

Geographic Analysis
The report covers a brief analysis of geographies such as:
> North America
o US
o Canada
> Europe
o Germany
o Spain
o France
o UK
o Czech Republic
o Russia
o Italy
o Belgium
o Poland
o The Netherlands
o Portugal
o Austria
o Rest of Europe
> Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
> Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
> Middle East & Africa
o Turkey
o UAE
o Saudi Arabia
o North Africa
o Rest of Middle East & Africa

Key Findings
The global plastic compounding market is estimated to reach USD 7,62,472.7 million by 2023 registering a CAGR of 6.03%. Asia-Pacific is expected to be the dominant regional market with around 47.7% share due to large volume consumption of plastic compounding in the automotive industry. China is the leading country in Asia-Pacific due to the recent trend of electric vehicles which has surged the application of plastic compounding in automotive components replacing metal parts. In addition, increasing investments in construction activities across Saudi Arabia and UAE is expected to boost the demand for plastic compounding in the building & construction industry. The polypropylene is estimated to be the promising segment during the forecast period, with a share of 31.2% of the global plastic compounding market in 2017, while the polyethylene terephthalate segment is projected to register the highest CAGR of 7.25% during the assessment period.

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Intended Audience
> Plastic Compounding Manufacturers
> Suppliers and Distributors
> Potential Investors
> Raw Material Suppliers
> Associations
> Government
> End-Use Industries
DC – Description
> plastic blends
> thermoplastic polymer
> polyolefins
> high-density polyethylene
> hydrocarbon polymer

Table of Contents:Market Overview Market Dynamics Associated Industry Assessment Market Competitive Landscape Analysis of Leading Companies Market Analysis and Forecast, By Product Types Market Analysis and Forecast, By Applications Market Analysis and Forecast, By Regions Conclusions and Recommendations Appendix

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Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

The Study Explore COVID 19 Outbreak Impact AnalysisWhat should be entry strategies, countermeasures to economic impact, and marketing channels? What are market dynamics? What are challenges and opportunities? What is economic impact on market? What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

The study objectives of this report are:To study and analyse the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast to 2025. To understand the structure of market by identifying its various subsegments. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). Focuses on the key global manufacturers, to define, describe and analyse the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyse the growth trends, future prospects, and their contribution to the total market. To project the value and volume of submarkets, with respect to key regions (along with their respective key countries). To analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. To strategically profile the key players and comprehensively analyze their growth strategies.

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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Updated : 2022-05-20 19:05 GMT+08:00