Tag Archives: Plastic Compounding Market

Plastic Compounding Market Forecast, Size, Growth, Opportunities, and Trends 2023

Market Analysis:

The ****** Plastic Compounding Market is expected to touch USD 7, 62, 472.7 million at a striking 6.03% CAGR over the forecast period (2017-2023). The process of compounding is used for converting the base resin into the desired plastic, which is more effective, uniform and usable in different applications. Traditionally plastics have been utilized in numerous applications including construction materials, electronic components, furniture, toys, packaging and automotive components. The plastic compound manufacturing includes three raw materials or ingredients- Plastic Compounding fillers, plastic compounding additives and plastic compounding polymers. This process allows use of polymer variants namely PP (Polypropylene), PE (Polyethylene) and PVC (Poly Vinyl Chloride) in the creation of an array of products. Based on the effective utilization of compounding methods, plastic has succeeded in emerging as a viable substitute to metal and glass.

Plastic Compounding Market Is Predict To Reach $95.2 Billion By 2026

The ****** plastic compounding marketsize is projected to reach USD 95.29 billion by 2026, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 6.7% during the forecast period. Rapidly developing construction and automobile markets are anticipated to drive the demand for interiors, exteriors, and under hood components. Maximum applications of plastics compounding involve under hood components in the automotive industry, building interior and exteriors in construction and infrastructure industries, and in electronics, durables, and wire and cable industries.

Plastic Compounding Market Is Forecast To Reach $95.2 Billion By 2026: Grand View Research, Inc.

According to the findings of a research report by Grand View Research, Inc.; the ****** plastic compounding market is anticipated to surpass USD 95 billion by 2025. It is expected to grow at around 7% CAGR during the forecast period (2016 to 2026). Ever increasing demand for plastics in construction, automobile, and electronics applications is anticipated to be the key growth driving factor for the ****** market. In addition, highly advanced production technologies and additive incorporation methodologies are also projected to drive the market growth over the next few years. Growing preference for lightweight plastics over alloys and metals in various application segments is also estimated to propel the market expansion over the forecast period.