Rising Demand for Plastic Compounds in Automotive Industry is Expected to Fuel the Growth of Global Plastic Compounding Market - TMR

News provided by

Jul 25, 2019, 07:30 ET

ALBANY, New York, July 25, 2019 /PRNewswire/ -- The global plastic compounding market is expected to witness a robust growth from 2019 to 2027. The growth of the market is majorly attributed to a rising adoption of plastic compounds in various industries such as manufacturing, healthcare, and in the automotive industry. The growth is also the result of a rising adoption of eco-friendly plastic compounds to lower down the pollution caused by various industries.

The Plastic Compounding Market is expected to reach the Value of US$ 95,000 Mn

According to the report by Transparency Market Research report, the global plastic compounding market is expected to exhibit a consistent growth of 5.0% CAGR during the forecast period of 2019 to 2027.
During the same tenure the global plastic compounding market is expected to reach to the value of US$95,000 Mn says the report.
Historical analysis of the market states that the market stood at US$60,000 Mn at the end of 2018.

This growth of the market is attributed to changing market dynamics, influx of various new players, and major technological advancements in order to reduce the plastic pollutants emissions from various factories.

Request a Sample of Global Plastic Compounding Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14306

Asia Pacific to Account for Maximum Growth

Owing to rapid industrialization and adoption of plastic compounds in various industries in counties such as China and India, Asia Pacific is expected to rise maximum in plastic compounding market during the forecast period. Various manufacturers in China also attribute the dominance of the region in the market to other factors like as major technological developments.

It is noticeable that China held a largest share in the growth of Asia Pacific in the plastic compounding market during previous forecast period. The country is expected to continue its domination based on the launch of multiple innovative solutions to reduce the production cost of plastic compounds in the coming years.

Is something restraining your company's growth in the Plastic Compounding Market? Ask for the report brochure here

Need for Efficient Plastic Compounds in Automotive Industry to Fuel the Growth

The growth of global plastic compounding market is majorly attributed to the factors such as rising strictness by various governments to reduce the pollution caused by conventional plastic compounds.
Rising need to improve the air quality, interiors, and quality of other plastic components used by automotive industry is influencing the growth of global plastic compounding market in the forecast period of 2019 to 2027.
Increasing demand of plastic compounds in electronics and electrical products is propelling the growth of global plastic compounding market.
Benefits such as lower production cost, performance enhancement of consumer electrical and electronic products, and extensive application of plastic compounds in manufacturing industry are also major factors that are promoting the growth of global plastic compounding market.

Stuck in a neck-to-neck competition with other brands? Request a custom report on competition on Plastic Compounding Market here

Highly Competitive Scenario to make it Difficult for Players to get Establish

According to the Transparency Market Research report, the global plastic compounding market is highly fragmented. However, the market is dominated by the activities of few prominent players. The market exhibit a highly competitive scenario owing to the presence of various players. Moreover, the influx of various new players is expected to make competition tougher in coming years.

In order to have a sustainable future in this competitive scenario, the new players are adopting strategies such as partnerships and mergers. With these collaborations the players can acquire necessary resources to establish themselves in the global plastic compounding market.

On the other hand, the veterans of the market are acquiring various small and medium scale businesses. With these acquisitions the players are able to expand their brand presence and production capacity. Moreover, this strategy allows the bigger players to enter regional market in order to generate more profit.

Purchase this Premium Industry Research Report with Analysis @ https://www.transparencymarketresearch.com/checkout.php?rep_id=14306&ltype=S

These players are also investing substantial amount of funds in research and development activities. With the help of these activities, the veterans are able to provide innovative solutions to the customers. This in turn allows the players to retain their existing customers and acquire new ones. This results in better value addition to their business and help them generate better revenue during the forecast of 2019 to 2027.

The study presented here is based on a report by Transparency Market Research (TMR), titled, "Plastic Compounding Market (Resin Type - Polyethylene (High-density Polyethylene, Linear low-density Polyethylene, Low-density Polyethylene), Polypropylene, Polyvinyl Chloride, Polystyrene, Engineering Plastics (Polyamide, Polycarbonate, Polyethylene Terephthalate, Acrylonitrile Butadiene Styrene, Polybutylene Terephthalate), Thermoplastic Elastomers, Bio-plastics; End user Industry - Automotive, Electrical and Electronics, Building and Construction, Packaging, Industrial Machinery, Medical Devices) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027."

The global plastic compounding market is segmented on the basis of:

Resin Type

Polyethylene

High-density Polyethylene
Linear low-density Polyethylene
Low-density Polyethylene

Polypropylene
Polyvinyl Chloride
Polystyrene
Engineering Plastic

Polyamide
Polycarbonate
Polyethylene Terephthalate
Acrylonitrile Butadiene Styrene
Polybutylene Terephthalate
Others

Thermoplastic Elastomers
Bio-plastics
Others

End-use Industry

Automotive
Electrical & Electronics
Building & Construction
Packaging
Industrial Machinery
Medical Devices
Others

Region

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Rest of Europe

Asia Pacific

China
India
Japan
Australia & New Zealand
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

Engineering Plastic Compounds Market: https://www.transparencymarketresearch.com/engineering-plastics-market.html
Thermoplastic Polyamide Elastomers Market: https://www.transparencymarketresearch.com/thermoplastic-polyamide-elastomers-market.html
Extruded Plastics Market: https://www.transparencymarketresearch.com/extruded-plastics-market.html
Reinforced Plastics Market: https://www.transparencymarketresearch.com/reinforced-plastics-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/