Global sales of plastic compounds are projected to reach nearly 300,000,000 tons in 2017; by 2025 this number is further anticipated to account for around 500,000,000 tons.

New York City, NY -- (SBWire) -- 11/06/2017 --The global plastic compounding market is estimated to exhibit a moderate expansion at 4% CAGR, in terms of volume, during the forecast period 2017 to 2025, according to a recent analysis by Persistence Market Research (PMR). Global sales of plastic compounds are projected to reach nearly 300,000,000 tons in 2017; by 2025 this number is further anticipated to account for around 500,000,000 tons.

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Asia Pacific (APAC) will continue to be the most lucrative region in the global plastic compounding market, with sales pegged to surpass 250,000 tons by 2025-end. Volume sales of plastic compounds in APAC will register the highest CAGR through 2025, followed by Latin America. In addition, Europe will remain the second largest market for plastic compounds, in terms of volume. The plastic compounding market in Middle East & Africa (MEA) is projected to exhibit a moderate expansion in terms of volume through 2025.

Key players in the global plastic compounding market as identified by PMR's report include BASF SE, DuPont, Coperion K-Tron, Adell Plastics, S & E Speciality Polymers, RTP CO., Agiplast, Sojitz Corporation, Kingfa Science & Technology Co. Ltd., Plstiblends India Ltd., Ravago, SO.F.TER. SPA, Citadel Plastics, AKRO-Plastic GmbH, Resinex, Arkema Group, Asahi Kasei Corporation, Celanese Corporation, Covestro, DSM N.V.

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