Plastic Compounding Market - Global Industry Analysis, Size, Share, Forecast 2016 - 2024

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Plastic Compounding Market - Global
Industry Analysis, Size, Share, Trends
and Forecast 2016 - 2024
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REPORT DESCRIPTION
Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Plastic
Compounding Market - Global Industry Analysis, Size, Share, Trends and Forecast 2016 - 2024” This report likewise
incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide
business sector industry structure.
Combining a plastic resin with colors, additives, modifiers, fillers, reinforcements or other polymers has become a common
practice, as about half of the plastic consumed in the world cannot be used as base resin. The compounding process is used to
convert base resin into desired plastic that is more uniform, effective, and usable across varied applications. Plastics have
traditionally been used in various applications such as automotive components, packaging, toys, furniture, electronic
components, and construction materials. Manufacturing of plastic compounds entails three ingredients or raw materials:
polymers, additives, and fillers. Polymers primarily comprise polypropylene and polyethylene. Polypropylene may be categorized
into homopolymers or block copolymers. Prices of plastics have been on the rise in the past few years owing to instability in
prices of petrochemicals and higher substitution potential of their bio-based counterparts.
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Major polymers include polypropylene (PP), high-density polyethylene (HDPE), polystyrene (PS), low-density polyethylene
(LDPE), linear low-density polyethylene (LLDPE), thermoplastic polyesters (PET), and polyvinyl chloride (PVC). Engineering
thermoplastics include polybutylene terephthalate (PBT), nylons, acrylonitrile butadiene styrene (ABS), polycarbonates,
polyacetals,
and
polysulfones.
Major
plastics
products
under
plastic
compounding
include
olefins,
polyimide
(PI),
polymethylmethacrylate (PMMA), polytetrafluoroethylene (PTFE), and polyetheretherketone (PEEK). Olefins is a major plastic
compounded product that accounts for over 50% share of global plastic compounding market. Rise in demand for polyethylene
in packaging and transportation applications has been a major factor driving the demand for olefins. Increase in demand for
polypropylene in electrical components, automotive components, and consumer goods has further boosted the demand for
olefins. Environmental agencies and plastics associations constantly develop and update recycling norms, utilization quantity,
application scope, and environmental policies. This is expected to be a minor restraint to growth of the plastic compounding
market over the next few years. In terms of application segments, the global plastic compounding market is divided into
automotive, electrical & electronics, construction, industrial equipment, and consumer goods. Rising demand for high
performance and lightweight automobiles from users is anticipated to propel the plastic compounding market in the automotive
segment over the next few years. Stricter norms adopted by the automobile regulation authorities across the world, towards
weight reduction and efficiency improvement of automobiles, is expected to further augment the plastic compounding market.
Growing construction industries in regions such as Asia Pacific, Latin America and Middle East and Africa is expected to augment
the plastic compounding market in these regions.
Asia Pacific is expected to be the leading regional market for plastic compounding over the next few years owing to increasing
population and rapid industrialization in emerging economies such as China and India. Major industries such as automotive,
electrical & electronics, construction, and consumer appliances are growing steadily in Asia Pacific owing to expansion in
workforce and subsequent development of industrial infrastructure in the region. Europe is anticipated to follow suit, led by the
presence of well-established and prominent automotive market in Germany and Italy. Furthermore, this factor is likely to play an
important role in the market growth of plastic compounding in North American. The plastic compounding market in Latin
America is projected to witness steady growth rate over the next few years owing to the expansion of construction industry in
growing economies such as Brazil and other countries in South America.
Key players in the plastic compounding market include BASF SE, The Dow Chemical Co., LyondellBasell Industries N.V.,
E.I. du Pont de Nemours and Company, Kingfa, RTP Company, Bayer MaterialScience AG, A. Schulman Inc., Lanxess, Kraton
Performance Polymers Inc., and Solvay .
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The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by
tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely
scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.
The study is a source of reliable data on:
•
Key market segments and sub-segments
•
Evolving market trends and dynamics
•
Changing supply and demand scenarios
•
Quantifying market opportunities through market sizing and market forecasting
•
Tracking current trends/opportunities/challenges
•
Competitive insights
•
Opportunity mapping in terms of technological breakthroughs
The regional analysis covers:
•
North America (U.S. and Canada)
•
Latin America (Mexico, Brazil, Peru, Chile, and others)
•
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
•
Eastern Europe (Poland, Russia)
•
Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
•
Middle East and Africa (GCC, Southern Africa, North Africa)
TMR estimates the market size of various sectors using a combination of available data on the number and revenue of
companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for
a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the
economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More
than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a
base year and then forecast growth within each market.
TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within
each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global
market place. All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted
via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and realtime calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are
interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and
the scope of activity within their organizations.
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Combining a plastic resin with colors, additives, modifiers, fillers, reinforcements or other polymers has become a common practice, as about half of the plastic consumed in the world cannot be used as base resin. The compounding process is used to convert base resin into desired plastic that is more uniform, effective, and usable across varied applications. Plastics have traditionally been used in various applications such as automotive components, packaging, toys, furniture, electronic components, and construction materials. Manufacturing of plastic compounds entails three ingredients or raw materials: polymers, additives, and fillers. Polymers primarily comprise polypropylene and polyethylene. Polypropylene may be categorized into homopolymers or block copolymers. Prices of plastics have been on the rise in the past few years owing to instability in prices of petrochemicals and higher substitution potential of their bio-based counterparts.