This report provides exclusive insights into the COVID-19 impact on the Plastic Compounding Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Plastic Compounding Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Plastic Compounding Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on plastic compounding market provides in-depth
analysis of segments and sub-segments in the global as well as regional plastic
compounding market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional plastic compounding
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global plastic
compounding market. According to the report, the global plastic compounding
market is projected to grow at a CAGR of 6.5% over the forecast period of
Plastic compounding is a process
that transforms the characteristics of basis plastics and thermoplastics.
Plastic compounds have properties such as flame retardancy, wear resistance,
lightweight, and wide range of conductivity. The leading players in the global
plastic compounding market are adopting strategies such as mergers,
acquisitions, and new product launches that maximize their market share.
The increasing construction
development and rising automobile markets drive the demand for interiors,
exteriors, and hoot components. Plastic compounding is applicable in hoot
components in the automotive industry and infrastructure industries that
contribute to the growth of the plastic compounding market. The rising
substitution for glass, natural rubber, wood, metals, and man-made materials
such as concrete promotes the growth of the plastic compounding market. The
growing residential and commercial projects in developing countries propel the
growth of the plastic compounding market. In addition, the surge in investments
in water and sanitation management, building and construction, and power
sectors stimulate the demand for PVC and CPVC contributing to the growth of the
plastic compounding market. On the other side, increasing plastic compound
prices due to fluctuating petrochemical prices hampers the growth of the
plastic compounding market. Moreover, technological development creates
numerous opportunities for the growth of the plastic compounding market.
Based on geography, the global
plastic compounding market is classified into North America, Asia-Pacific,
Europe, and the Rest of the World. Asia-Pacific region is anticipated to hold a
premium share in the global plastic compounding market. The rising demand for
beverages and nutritional drinks in the Asia-Pacific regions contributes to the
consumption of PET compounds. Europe is expected to grow in the plastic
compounding market with a healthy CAGR over the forecast period. The presence
of leading players in consumer goods and electronics and major automakers in
Europe stimulates the growth of the plastic compounding market in Europe. North
America is showing growth in the global plastic compounding market.
The report on the global plastic
compounding market covers segments such as polymer type and end-use. On the
basis of polymer type, the sub-markets include polyethylene, polypropylene,
polyvinyl chloride, polystyrene, polyurethane, and other polymer types. On the
basis of end-use, the sub-markets include building and construction,
automotive, packaging, electrical and electronics, medical, and other end-uses.
The report provides profiles of
the companies in the market such as BASF SE, Dow Chemical Company, Asahi Kasei
Plastics North America, Inc., Covestro AG, RTP Company, Inc., MRC Polymers,
Inc., Foster Corporation, Aurora Plastics LLC, Lanxess AG, PolyOne Corporation,
and Other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of plastic compounding market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.