The worldwide Plastic Compounding market touched xxx million USD with a CAGR xx % from 2015-2019 around the world. In the future, it is predicted to reach xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
Compounding is a process of melt blending plastics with other additives. This process changes the physical, thermal, electrical or aesthetic characteristics of the plastic.
In compounding, various materials are mixed and melted—generally in an extruder of some type—then pelletized. This pelletized material is subsequently processed into a finished or semi-finished part by either molding or extrusion. Most compounding is done on twin-screw extruders of either co-rotating or counter-rotating design.
There are various products, such as PP compound, PE compound, PVC compound as well as other type with different resins. Among various compounds, demand of PP compound accounted for the largest share, which was 35.21% in 2017.
s the report focuses on global Plastic Compounding market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In market segmentation by manufacturers, the report covers the following companies-
LyondellBasell
SABIC
BASF
Solvay
DowDuPont
RTP
Mitsui Chemicals
ExxonMobil
Mexichem
Westlake Chemical
Chevron Phillips Chemical
Ineos Styrolution
Total Petrochemicals
Chi Mei Corporation
Trinseo
Shanghai PRET Composites
Kingfa
Kkalpana Industries
CNPC
SINOPEC
In market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In market segmentation by types covers:
PP Compounds
PE Compounds
PVC Compounds
PA Compounds
Others
In market segmentation by applications :
Automotive
Building & Construction
Electronics & Appliances
Consumer Goods
Packaging
Others
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Plastic Compounding market for the forecast period 2020 - 2025?
• What are the driving forces in the Plastic Compounding market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Plastic Compounding industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?