Press release
Plastic Compounding Market 2018-2024 Growth & Regional Revenue By Global Players - A. Schulman, Inc., SABIC, RTP Company, Foster Corporation, The Dow Chemical Company, BASF, Solvay
Plastic compounding market will witness substantial demand in consumer goods by 2024. Plastics are used in consumer goods for a wide range of applications, including food packaging, furniture, household appliances, toys, etc. Packaging is integral to the delivery of safe, high-quality consumer products. Various household electrical appliances will have substantial demand for plastics in the coming years.
PVC is widely used to insulate electric wiring, while thermosetting plastics are used for switches, light fittings and handles. 3D printing applications, innovative packaging techniques for consumer goods and surging demand for bioplastics will be few significant trends driving the global plastic compounding market by 2024.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1533
Plastic Compounding Market Size will surpass USD 50 billion by 2024; according to a new research report by Global Market Insights, Inc.
The strategic landscape of plastic compounding industry boasts of a portfolio of renowned biggies like LyondellBasell Industries, A. Schulman, BASF, Dow Chemical, and Solvay. Amidst the backdrop of sheer competition, production capacity expansion has emerged as a most adopted strategy determining the sustainability quotient for the industry participants. The aforementioned plastic compounding market giants have been increasingly investing in research activities to enhance their production capacity.
Say for instance, A. Schulman, in the year before last, made it to the headlines with the launch of its new Kerpen plant situated in Germany. Reportedly, in addition to introducing two new production lines, the U.S. based company had integrated a fully automatic packaging line in the plant. As recent as in June 2017, BASF, one of the acclaimed player in plastic compounding market has expanded its Schwarzheide site plant capacity to 70000 tons. With leading giants paving the way for more investments in plastic compounding industry, the competitive landscape of this fraternity is undoubtedly going to be one of the most dynamic platforms in the ensuing years.
- Plastic Compounding Market by End-user
• Consumer Goods
• Electrical & Electronics
• Construction
• Automotive
• Aerospace
• Others
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1533
Global plastic compounding market for thermoplastic polymers was valued at over USD 18 billion in 2016. Thermoplastic polymers are estimated to lead the global plastic compounding market by 2024. The higher demand will be attributed to their re-usable nature, wide range of applications and lower manufacturing costs compared to the other segments.
Thermoplastic elastomers segment was valued more than USD 7 billion in 2016. Thermoplastic elastomers have progressed as a substitute for metal, synthetic or natural rubber, wood, glass, etc. Cumulative expenditure in medical, automotive and construction sectors in addition to the supervisory compliances for sustainable product development will propel the plastic compounding market for thermoplastic elastomers by 2024.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/plastic-compounding-market
North America constituted approximately 18% of the global market share for plastic compounding in 2016. Presence of packaging giants as International Paper, Tetrapak, Reynolds Group, Ball Corporation and Owens-Illinois will have a positive impact on plastics demand in the region. Rising thermoplastic elastomer usage in sports equipment, paving & roofing, personal hygienic products and medical equipment will boost the regional plastic compounding market growth. Strong demand for 3D printing from aerospace and defense, healthcare, education, and consumer products industries will also boost the plastic compound market size particularly in the U.S.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
PVC is widely used to insulate electric wiring, while thermosetting plastics are used for switches, light fittings and handles. 3D printing applications, innovative packaging techniques for consumer goods and surging demand for bioplastics will be few significant trends driving the global plastic compounding market by 2024.
Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1533
Plastic Compounding Market Size will surpass USD 50 billion by 2024; according to a new research report by Global Market Insights, Inc.
The strategic landscape of plastic compounding industry boasts of a portfolio of renowned biggies like LyondellBasell Industries, A. Schulman, BASF, Dow Chemical, and Solvay. Amidst the backdrop of sheer competition, production capacity expansion has emerged as a most adopted strategy determining the sustainability quotient for the industry participants. The aforementioned plastic compounding market giants have been increasingly investing in research activities to enhance their production capacity.
Say for instance, A. Schulman, in the year before last, made it to the headlines with the launch of its new Kerpen plant situated in Germany. Reportedly, in addition to introducing two new production lines, the U.S. based company had integrated a fully automatic packaging line in the plant. As recent as in June 2017, BASF, one of the acclaimed player in plastic compounding market has expanded its Schwarzheide site plant capacity to 70000 tons. With leading giants paving the way for more investments in plastic compounding industry, the competitive landscape of this fraternity is undoubtedly going to be one of the most dynamic platforms in the ensuing years.
- Plastic Compounding Market by End-user
• Consumer Goods
• Electrical & Electronics
• Construction
• Automotive
• Aerospace
• Others
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1533
Global plastic compounding market for thermoplastic polymers was valued at over USD 18 billion in 2016. Thermoplastic polymers are estimated to lead the global plastic compounding market by 2024. The higher demand will be attributed to their re-usable nature, wide range of applications and lower manufacturing costs compared to the other segments.
Thermoplastic elastomers segment was valued more than USD 7 billion in 2016. Thermoplastic elastomers have progressed as a substitute for metal, synthetic or natural rubber, wood, glass, etc. Cumulative expenditure in medical, automotive and construction sectors in addition to the supervisory compliances for sustainable product development will propel the plastic compounding market for thermoplastic elastomers by 2024.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/plastic-compounding-market
North America constituted approximately 18% of the global market share for plastic compounding in 2016. Presence of packaging giants as International Paper, Tetrapak, Reynolds Group, Ball Corporation and Owens-Illinois will have a positive impact on plastics demand in the region. Rising thermoplastic elastomer usage in sports equipment, paving & roofing, personal hygienic products and medical equipment will boost the regional plastic compounding market growth. Strong demand for 3D printing from aerospace and defense, healthcare, education, and consumer products industries will also boost the plastic compound market size particularly in the U.S.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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