Plastic Compounding Market Competitive Analysis, Emerging Trends and Demand Forecast up to 2023

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Plastic Compounding Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Plastic Compounding Market Research Report-
Forecast to 2023
Plastic Compounding Market - Overview
The Global Plastic Compounding Market is to shot
up to a valuation of USD 7,62,472.7 million by
the end of 2023. Market Research Futures
(MRFRs) predictions suggest that various end
user industries would help the market in gaining
6.03 CAGR between 2017-2023, a period that can
be deemed as the forecast period. Plastic
Compounds are materials witnessing a substantial
growth due to several factors like various end
user industries promoting demand for the market,
its incorporation as a recyclable product,
fuel-efficiency, growing demand from the
automotive sector, and others. Its increasing
growth can be assessed as a trigger from various
EPA and EU legislation that puts emphasis on
carbon footprint reduction. In other industries
like aerospace, construction, as a replacement
for glass and other metals, in the healthcare
sector, etc. the market can enjoy easy
percolation. However, the dwindling price rate
of the raw materials needed for the production,
economic slackening, and others can impact the
market for Plastic Compoundings Growth. But the
strict waste management programs in Europe and
North America can ensure better growth for the
market.
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Plastic Compounding Market Research Report-
Forecast to 2023
Segmental Analysis
MRFRs detailed report on the Global Market for
Plastic Compounds includes segments like product
and application. These segments have various data
on factors that can transform the global market
in the coming years. By Product, the market for
Plastic Compounds can be segmented into polyvinyl
chloride, polyethylene, polystyrene, polyethylene
terephthalate, polypropylene, polyamide,
acrylonitrile butadiene styrene, polycarbonate,
thermoplastic vulcanizates, thermoplastic
polyolefins, polybutylene terephthalate, and
others. The polypropylene segment had a market
share of over 31.07 in 2017. The segment can
also chart a 6.5 CAGR over the forecast period.
The growth can be attributed to the demand
generated by the automotive sector. By
Application, the Global Market for Plastic
Compounding can include electrical electronics,
automotive, optical media, packaging, building
construction, industrial machinery, consumer
goods, medical devices, and others. The
automotive segment has the maximum market
coverage, and it is expected to maintain its
market growth by having a CAGR of 7.53 between
2017 and 2023. This can be assessed on the
grounds of the consumption of plastic in the
automotive sector. View Full Press Release _at_
https//www.marketresearchfuture.com/reports/plast
ic-compounding-market-4697

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Plastic Compounding Market Research Report-
Forecast to 2023
Regional Outlook
The Global Market for Plastic Compounding can be
studied on a region-specific scale that would
include the Asia Pacific region, along with North
America and Europe as major market contributors.
The Middle East Africa region would display a
moderate surge. The Asia Pacific market has the
market coverage of over 47.6 in 2017, and with a
6.25 CAGR during the projection period, it is
expected to maintain its dominance in the market.
This growth can be linked with the growing
automotive and electrical electronics
industries. Several other factors like increasing
consumption power, better growth of the
electronic and electrical industry, and others
are to fuel market growth in various countries
like India, Japan, China, Thailand, and
others. Europe has a market share of 20.8
share, which can witness significant growth by
5.72 in the coming years. The market would be
lucrative owing to the performance of the
automotive sector in the region. It can also
benefit from the packaging industry. North
America is witnessing similar features owing to
which growth by 5.17 in the coming years would
be substantial. Europe is expecting a CAGR of
5.72 between 2015 and 2023.
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Plastic Compounding Market Research Report-
Forecast to 2023
Major Players in this Research

• Plastic Compounding Market Prominent Players
• SABIC
• LyondellBasell Industries NV
• INEOS
• Borealis
• BASF SE
• DuPont
• Asahi Kasei Corporation
• Versalis S.p.A (Eni S.p.A)
• SO.F.TER S.r.l
• Covestro AG
• LANXESS AG
• 3M (Dyneon GmbH) and Total SA

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