The “Plastic Compounding Market” compromises many advantages that have accelerated the adoption of absorption among various industrial users. These elements make absorption an attractive option from the industrial sector and enable many industrial customers to meet their environmental and regulatory targets. The Plastic Compounding industry is expected to remain innovation-led, with frequent achievements and strategic deals adopted as the key strategies by the players to increase their industry presence. The report covers the present scenario and the growth prospects of the Plastic Compounding market for 2019-2023.
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The plastic compounding market analysis considers sales from packaging, construction, automotive, electrical and electronics and other applications. Our analysis also considers the sales of plastic compounding in APAC, Europe, North America, South America, and MEA. In 2018, the packaging segment had a significant market share, and this trend is expected to continue over the forecast period.
The global Plastic Compounding market is valued at xx million US$ in 2019 and will reach xx million US$ by the end of 2023, growing at a CAGR of 0.0575 during 2019-2023. The objectives of this study are to define, segment, and project the size of the Plastic Compounding market based on company, product type, end-user, and key regions.
List of theTop Key Playersof Plastic Compounding Market:
The scope of the report covers all the major system technologies that are currently being implemented in the global Plastic Compounding industry. Market values are based on the end-user (public and private) based on the manufacturing of Plastic Compounding systems. Plastic Compounding market manufacturers place orders when they receive work orders from Plastic Compounding market operators such as commercial, military, and others. Therefore, market numbers are derived from the end-user perspective, considering their (Plastic Compounding market operators) orders for the Plastic Compounding market.
Market Dynamics:
Growing demand for lightweight vehicles The automotive sector is focusing on reducing the weight of the vehicles because of the increased demand for fuel-efficient cars. To reduce the overall weight of vehicles, the manufacturers are replacing metal components with plastic parts. Plastic compounds provide better safety and thermal resistance along with fuel efficiency because of their improved strength and better non-malleable and ductile nature. Thus, the growth rate of plastic compounds in the automotive sector is expected to increase with the introduction of more efficient electric vehicles, where there is an increased need for electricity and heat resistance. This will lead to the expansion of the global plastic compounding market at a CAGR of over 6% during the forecast period.Strategic acquisitions and new production facilities The demand for polymers, resins, and plastic compounds is increasing from several end-user industries, such as automotive, construction, healthcare, consumer electronics, and packaging industries. The growing demand for plastic compounds has encouraged vendors to expand their market presence through strategic acquisitions and new production facilities. For instance, LyondellBasell acquired A. Schulman Inc. to increase its plastic compounds and resin production. Such acquisitions and new production facilities are expected to have a positive impact on the overall market growth.For the detailed list of factors that will drive the global plastic compounding market during the forecast period 2019-2023.
Global Plastic Compounding Industry 2019 Market Research Report is spread across 156 pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.
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This Report lets you identify the opportunities in Plastic Compounding Market by means of aregion:
The Plastic Compounding market has been created based on an in-depth market analysis with inputs from industry experts. The report covers the growth prospects over the coming years and discussion of the key vendors.
Research Objectives Of Plastic Compounding Market Report:
The report also focuses on global major leading industry players of Global Plastic Compounding market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Global Plastic Compounding market development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered. With tables and figures helping analyze worldwide Global Plastic Compounding market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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Competitive Analysis:
With the presence of several major players, the global plastic compounding market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plastic compounding manufacturers, that include Asahi Kasei Corp., BASF SE, Celanese Corp., Covestro AG, Dow Inc., DuPont de Nemours Inc., Hillenbrand Inc., LyondellBasell Industries Holdings BV, Mexichem SAB de CV, Mitsui Chemicals Inc., SABIC, Sojitz Corp.Also, the plastic compounding market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Reason to buy Plastic Compounding Market Report:
Table of Content:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SIZING
PART 07: FIVE FORCES ANALYSIS
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 10: CUSTOMER LANDSCAPE
PART 11: MARKET SEGMENTATION BY END-USER
PART 12: REGIONAL LANDSCAPE
PART 13: DECISION FRAMEWORK
PART 14: DRIVERS AND CHALLENGES
PART 15: MARKET TRENDS
PART 16: VENDOR LANDSCAPE
PART 17: VENDOR ANALYSIS
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