San Francisco, 03 October 2018 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. 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.
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. 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.
Full Research Report On Plastic
Compounding Market Analysis:
http://www.grandviewresearch.com/industry-analysis/plastic-compounding-market
http://www.grandviewresearch.com/industry-analysis/plastic-compounding-market
Further
key findings from the report suggest:
·
The global plastic compounding market
exceeded 26 million tons in 2016 and is expected to grow at a CAGR of 5.2% from
2016 to 2026
·
Polyethylene (PE) emerged as one of the
dominant products owing to its high demand in medical applications and special
performance characteristics that make it ideal for niche applications such as
bulletproof vests
·
Thermoplastic vulcanizates (TPV) are
expected to remain the fastest growing products with over 9% CAGR, witnessing
high growth in the automotive & industrial machinery segments
·
Automotive is expected to retain its
dominance in the industry; however, industrial machinery is expected to
overtake the segment in terms of CAGR. The latter is increasingly adopting
lightweight and sustainable plastic materials in the form of fasteners, films,
equipment components and others.
·
Asia Pacific is likely to remain the
dominant region with rapid industrialization in economies such as India, Vietnam,
Thailand, Malaysia and others. The region benefits from close geographical
proximity to European consumer markets, low labor costs and vast skilled
workforce among other factors.
·
The industry is highly fragmented in nature
with over one-third of market share occupied by SMEs engaged in plastic
compounding. 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.
Browse More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the global plastic
compounding market on the basis of product, application, and region:
Plastic Compounding Product Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2026)
·
Polyethylene
o
Automotive
o
Construction
o
Electrical & Electronics
o
Packaging
o
Others
·
Polypropylene
o
Automotive
o
Electrical & Electronics
o
Consumer Goods
o
Industrial Machinery
o
Others
·
TPV
o
Automotive
o
Industrial Machinery (Fluid Handling)
o
Consumer Goods
o
Medical Devices
o
Others
·
TPO
o
Automotive
o
Industrial Machinery
o
Construction
o
Others
·
PVC
o
Construction
o
Consumer Goods
o
Packaging
o
Electrical & Electronics
o
Automotive
o
Others
·
Polystyrene
o
Packaging
o
Electrical & Electronics
o
Construction
o
Medical Devices
o
Others
·
PET
o
Packaging
o
Electrical & Electronics
o
Industrial Machinery
o
Others
·
PBT
o
Automotive
o
Electrical & Electronics
o
Consumer Goods
o
Others
·
Polyamide
o
Automotive
o
Electrical & Electronics
o
Industrial Machinery
o
Consumer Goods
o
Others
·
Polycarbonate
o
Automotive
o
Electrical & Electronics
o
Construction
o
Packaging
o
Consumer Goods
o
Optical Media
o
Others
·
ABS
o
Automotive
o
Electrical & Electronics
o
Consumer Goods
o
Others
·
Others
o
Automotive
o
Construction
o
Electrical & Electronics
o
Packaging
o
Consumer Goods
o
Industrial Machinery
o
Others
Plastic Compounding Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2026)
·
Automotive
o
Polyethylene
o
Polypropylene
o
TPV
o
TPO
o
PVC
o
PBT
o
Polyamide
o
Polycarbonate
o
ABS
o
Others
·
Construction
o
Polyethylene
o
TPO
o
PVC
o
Polystyrene
o
Polycarbonate
o
Others
·
Electrical & Electronics
o
Polyethylene
o
Polypropylene
o
PVC
o
Polystyrene
o
PET
o
PBT
o
Polyamide
o
Polycarbonate
o
ABS
o
Others
·
Packaging
o
Polyethylene
o
PVC
o
Polystyrene
o
PET
o
Polycarbonate
o
Others
·
Consumer Goods
o
Polypropylene
o
TPV
o
PVC
o
PBT
o
Polyamide
o
Polycarbonate
o
ABS
o
Others
·
Industrial Machinery
o
Polypropylene
o
TPV
o
TPO
o
PET
o
Polyamide
o
Others
·
Medical Devices
o
TPV
o
Polystyrene
·
Optical Media
o
Polycarbonate
·
Others
o
Polyethylene
o
Polypropylene
o
TPV
o
TPO
o
PVC
o
Polystyrene
o
PET
o
PBT
o
Polyamide
o
Polycarbonate
o
ABS
o
Others
Plastic Compounding Regional Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2026)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
Russia
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
o
Mexico
o
Brazil
·
Middle East & Africa
o
Saudi Arabia
Access
Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-plastic-compounding-market
www.grandviewresearch.com/press-release/global-plastic-compounding-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For
more information: www.grandviewresearch.com
