Global Plastic Compounding Market trends for 2017 & forecast to 2024

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Plastic Compounding Market Size, Share, Industry
Outlook Forecast 2017-2024
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Global Market Scenario of Plastic Compounding
Industry

• Global Plastic Compounding Market size is
  projected to witness a significant growth between
  2017 and 2024. Compounding of plastic is done to
  convert the base resin in a desired plastic form
  that is more usable, effective and uniform.
  Upsurge in the market is observed owing to its
  multiple and varied applications in end use
  industries such as automotive, electrical
  electronics, and construction.
• Plastic components are preferred over metals in
  automobiles owing to their easy moldability,
  superior impact strength, scratch resistance,
  better aesthetics, light weight and
  recyclability. With the use of plastic components
  in the automobiles there is a weight saving of
  nearly 75 and 30 in cost savings of automobile
  components.
• Plastics demand is increasing in construction
  sector in floorings, insulation materials,
  storage tanks, performance safety windows, doors,
  pipes and cables. Growing residential and
  commercial projects in developing countries is
  boosting infrastructural developments.

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• Plastic compounds have wide range of applications
  in transportation and packaging industry
  specially in the form of olefins. Olefins is a
  product type of these materials that had
  contributed substantially in total market volume
  in 2015. Further, there is a growing demand of
  LDPE (Low Density Polyethylene) and other forms
  of polyethylene materials in packaging industry.
• Reasons to Buy This Report
• 1. Plastic Compounding Market size share
  forecast by product application, 2017-2024
• 2. Growth drivers, pitfalls industry
  challenges
• 3. Key Plastic CompoundingMarket growth
  opportunities emerging business models
• 4. Competitive benchmarking with market
  share analysis and company profiles
• Demand of olefins is driven by the consumption of
  this material in automobile applications such as
  interior trims, and exterior panels.
  Additionally, a trend has evolved to substitute
  glass and metal components in various end-use
  industries with plastic to reduce the weight and
  cost of the component. Plastic compounds are used
  in electrical and electronics industry for
  manufacturing various parts of integrated
  circuits, semiconductors and resistors.

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Research Methodology
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Regional and Competitive Insights

• Asia Pacific accounts for significant market
  share in terms of volume in the global plastic
  compounding market. Booming construction
  activities in India, China, and South Korea is
  contributing substantially in consumption of
  plastic compounds such as olefins.
• Europe is projected to register a high growth
  rate in the market owing to its thriving
  automobile and electronics market.
• North America is following an upward trend in
  consumption of plastic compounds in its food
  packaging and consumer goods industry. Positive
  outlook of infrastructural developments in the
  U.S. is projected to fuel plastic compounding
  market in the region.

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Competitive Insights

• Global plastic compounding market is consolidated
  in nature with major players contributing nearly
  70 of the market share.
• There are many small and medium scale
  manufacturers evolved in the market that might
  give a tough competition to the giant players.
• Some of the major companies operating in this
  segment are Dow Chemical Co., BASF,
  LyondellBasell, Kraton Polymers, SE Specialty
  Polymers LLC, Heritage Plastics, Inc, A.
  Schulman, and Foster Corporation.

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