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Global Plastic Compounding Market Size 2019, By Product (PVC, PET, PP, PBT, TPV, TPO, ABS), By Application (Automotive, Electrical & Electronics, Construction), By Region and Forecast to 2025
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Adroit Market Research Plastic Compounding Market Plastic Compounding Market Size 2019, By Product (PVC, PET, PP, PBT, TPV, TPO, ABS), By Application (Automotive, Electrical & Electronics, Construction), By Region and Forecast to 2025 Single Use License: US$ 4400 Request Sample +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com
Adroit Market Research Global Global Plastic Compounding Plastic CompoundingMarket Size Market Size and Share and Share- -Global Forecast to 2025 Global Forecast to 2025 • The global plastic compounding market surpassed USD 43.70 billion in 2019 and is expected to grow with a CAGR of 6.5% from 2019 to 2025. Prevalent use of plastic compounding owing to its increased usage in various industrial applications are contributing factors driving the global plastic compounding market. • Increased product penetration is due to its numerous and varied uses in the automobile, electrical and electronics and construction industries. The incorporation of composite plastics in the building field, especially in the production of safety walls, insulation materials, flooring, doors, storage tanks, pipes, and cables, would have an optimistic outlook for the scale of the industry. • The increasing importance of bioplastics with an enhanced surface finish for vehicle interior and exterior applications would further increase market share. • The plastic compounding market is regulated by environmental agencies and international organizations that constantly develop and update recycling norms, application scope & utilization quantity along with environmental policies. Non-biodegradability and carcinogenic nature of certain products have been under continuous evaluation from regulatory bodies. This factor is anticipated to restrict industry expansion over the forecast timeframe. +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com
Adroit Market Research Global Global Plastic Compounding Plastic CompoundingMarket Market Size and Share Size and Share- -Global Forecast to 2025 Global Forecast to 2025 • The global plastic compounding market has been segmented based on product, application, and region. Based on the product, polypropylene (PP) held over a 30% share of the total plastic compounding industry in 2019. Its compounds are widely used in automotive applications due to high impact resistance and serviceability. • Economic growth in the Asian and Latin American economies has powered demand in the automotive industry, both in terms of car purchases and domestic production. Considering the ever-increasing output of vehicles, along with regulatory developments, which require manufacturers to minimize vehicle weight and boost fuel efficiency; the use of plastics in automotive applications will increase dramatically over the forecast era. • It has a strong tolerance to fatigue and greater chemical and temperature tolerance. These factors have made PP popular material for multiple applications in developed economies and emerging economies alike. • By application, the automotive sector is expected to lead the product category over the forecast period. Increased incorporation of plastics as opposed to metals and alloys into automotive parts was a crucial factor in the development of the market. • In recent years, there has been a substantial rise in automobile demand, primarily led by the development of the industry and the industrial environment of emerging markets. China, India, and Brazil are the fastest-growing economies and are also the main automotive manufacturing hubs. This pattern is expected to persist in the future, thereby boosting demand for compound plastic. +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com
Adroit Market Research Global Global Plastic Compounding Plastic CompoundingMarket Size Market Size and Share and Share- -Global Forecast to 2025 Global Forecast to 2025 • Key Segments of the Global Plastic Compounding Market • Product Overview, 2015-2025 (USD Million) (Kilo Tons) • Polypropylene • PET • TPV • TPO • PVC • PBT • ABS • Application Overview, 2015-2025 (USD Million) (Kilo Tons) • Automotive • Electrical and Electronics • Construction • Regional Overview, 2015-2025 (USD Million) (Kilo Tons) • North America • Europe • Asia Pacific • Latin America • Middle East & Africa +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com
Adroit Market Research About Us About Us Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more. Contact Us US Headquarters Phone: +1 (214) 884-6068 Email: sales@adroitmarketresearch.com 3131 McKinney Ave Ste 600 Dallas, TX 75204 ,U.S.A +1 (214) 884-6068 sales@adroitmarketresearch.com www.adroitmarketresearch.com
