Los Angeles, CA -- (SBWire) -- 04/11/2019 --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.The global Plastic Compounding market was 58900 million US$ in 2018 and is expected to 79900 million US$ by the end of 2025, growing at a CAGR of 4.5% between 2019 and 2025.
This report studies the Plastic Compounding market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Plastic Compounding in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
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
By the product type, the market is primarily split into
PP Compounds
PE Compounds
PVC Compounds
PA Compounds
Others
By the end users/application, this report covers the following segments
Automotive
Building & Construction
Electronics & Appliances
Consumer Goods
Packaging
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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Plastic Compounding Market Growing at 4.50%CAGR Will Hit 79900 Million US$ in 2025