Plastic Compounding Market - Global Industry Analysis

Plastic Compounding Market- By Type (Polyvinyl Chloride [PVC], Polyethylene [PE], Polypropylene [PP], Polyamide [PA], Polyethylene Terephthalate [PET], Polybutylene Terephthalate [PBT], Acrylonitrile Butadiene Systems [ABS], and Polystyrene [PS]), By Application(Automotive, Electrical & Electronic Appliances, Building & Construction, Textiles, Consumer Goods, Healthcare, Industrial Goods, and Packaging), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 06-Jan-2022 Category: Chemical & Materials Report Format : PDF Pages: 172 Report Code: ZMR-6813 Status : Published

The global Plastic Compounding Market accrued earnings worth approximately 63.1 (USD Billion) in 2020 and is predicted to gain revenue of about 101.28 (USD Billion) by 2028, is set to record a CAGR of nearly 6.9% over the period from 2021 to 2028.

Description

The global Plastic Compounding Market accrued earnings worth approximately 63.1 (USD Billion) in 2020 and is predicted to gain revenue of about 101.28 (USD Billion) by 2028, is set to record a CAGR of nearly 6.9% over the period from 2021 to 2028. The report offers assessment and analysis of the Plastic Compounding Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Plastic Compounding Market: Overview

Plastic compounding is the method of adding polymers into a molten plastic base for producing material of required quality. It means preparing plastic formulations through mixing of additives and polymers in molten state for achieving specific features. Reportedly, plastic compounding is blend of copolymers including SMA, ABS, and SAN with additives including UV-stabilizers & anti-oxidants and sometimes glass fibers. Furthermore, plastic compounding is generally done with help of extrusion.

Global Plastic Compounding Market

Plastic Compounding Market: Growth Drivers

Growth of plastic compounding market over forecast timeline is due to its easy molding features and ability to form various kinds of shapes. Massive need for glass, wood, metal, and natural rubber substitution will culminate into humungous business growth. Apart from this, surging demand for plastics in construction, electrical & electronics, and automotive sectors is predicted to be a key factor influencing industry growth in a long run. Massive demand for plastics in infrastructural growth will prop up size of plastic compounding market over forecasting timespan. Huge investments in water & sanitation management, irrigation, power, retail, and transport sectors will play a key role in impacting growth of plastic compounding industry. However, fluctuating petrochemical costs can put brakes on growth of plastic compounding business over upcoming years.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Plastic Compounding Market: Regional Landscape

Asia Pacific Plastic Compounding Market To Grow Leaps & Bounds Over 2021-2028

Growth of plastic compounding market in Asia Pacific over forecast timeline is subject to humungous demand for modified plastics in automotive, electronics, and construction sectors. Growing trend of producing eco-friendly or recyclable plastic materials in countries such as India and China owing to ban on use of conventional plastic materials will boost regional market growth. Additionally, inclination towards green plastics production among plastic manufacturers in sub-continent will prop up market expansion in Asia Pacific over forecast timeframe.

Competitive Insights

Key players leveraging market growth and profiled in report include Agiplast, Adell Plastics, Inc., Sojitz Corporation, BASF SE, DuPont, RTP Company, Inc., S & E Speciality Polymers, LLC, Coperion K-Tron, Kingfa Science & Technology Co. Ltd., and Plstiblends India Ltd. 

The global Plastic Compounding Market is segmented as follows:

By Type

  • Polyvinyl Chloride [PVC]
  • Polystyrene [PS]
  • Polyethylene [PE]
  • Polypropylene [PP]
  • Polyamide [PA]
  • Polyethylene Terephthalate [PET]
  • Polybutylene Terephthalate [PBT]
  • Acrylonitrile Butadiene Systems [ABS]

By Application

  • Automotive
  • Electrical & Electronic Appliances  
  • Building & Construction
  • Textiles
  • Packaging
  • Consumer Goods
  • Healthcare
  • Industrial Goods

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Plastic Compounding Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Plastic Compounding Market : snapshot
  • Chapter 3. Global Plastic Compounding Market - Industry Analysis
    • 3.1 Plastic Compounding Market: Market Dynamics
    • 3.2 Market Drivers
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Plastic Compounding Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Plastic Compounding Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Plastic Compounding Market - Type Analysis
    • 5.1 Global Plastic Compounding Market overview: By Type
      • 5.1.1 Global Plastic Compounding Market share, By Type, 2021 and 2028
    • 5.2 Polyvinyl Chloride [PVC]
      • 5.2.1 Global Plastic Compounding Market by Polyvinyl Chloride [PVC], 2022 - 2028 (USD Billion)
    • 5.3 Polystyrene [PS]
      • 5.3.1 Global Plastic Compounding Market by Polystyrene [PS], 2022 - 2028 (USD Billion)
    • 5.4 Polyethylene [PE]
      • 5.4.1 Global Plastic Compounding Market by Polyethylene [PE], 2022 - 2028 (USD Billion)
    • 5.5 Polypropylene [PP]
      • 5.5.1 Global Plastic Compounding Market by Polypropylene [PP], 2022 - 2028 (USD Billion)
    • 5.6 Polyamide [PA]
      • 5.6.1 Global Plastic Compounding Market by Polyamide [PA], 2022 - 2028 (USD Billion)
    • 5.7 Polyethylene Terephthalate [PET]
      • 5.7.1 Global Plastic Compounding Market by Polyethylene Terephthalate [PET], 2022 - 2028 (USD Billion)
    • 5.8 Polybutylene Terephthalate [PBT]
      • 5.8.1 Global Plastic Compounding Market by Polybutylene Terephthalate [PBT], 2022 - 2028 (USD Billion)
    • 5.9 Acrylonitrile Butadiene Systems [ABS]
      • 5.9.1 Global Plastic Compounding Market by Acrylonitrile Butadiene Systems [ABS], 2022 - 2028 (USD Billion)
  • Chapter 6. Global Plastic Compounding Market - Application Analysis
    • 6.1 Global Plastic Compounding Market overview: By Application
      • 6.1.1 Global Plastic Compounding Market share, By Application, 2021 and 2028
    • 6.2 Automotive
      • 6.2.1 Global Plastic Compounding Market by Automotive, 2022 - 2028 (USD Billion)
    • 6.3 Electrical & Electronic Appliances  
      • 6.3.1 Global Plastic Compounding Market by Electrical & Electronic Appliances  , 2022 - 2028 (USD Billion)
    • 6.4 Building & Construction
      • 6.4.1 Global Plastic Compounding Market by Building & Construction, 2022 - 2028 (USD Billion)
    • 6.5 Textiles
      • 6.5.1 Global Plastic Compounding Market by Textiles, 2022 - 2028 (USD Billion)
    • 6.6 Packaging
      • 6.6.1 Global Plastic Compounding Market by Packaging, 2022 - 2028 (USD Billion)
    • 6.7 Consumer Goods
      • 6.7.1 Global Plastic Compounding Market by Consumer Goods, 2022 - 2028 (USD Billion)
    • 6.8 Healthcare
      • 6.8.1 Global Plastic Compounding Market by Healthcare, 2022 - 2028 (USD Billion)
    • 6.9 Industrial Goods
      • 6.9.1 Global Plastic Compounding Market by Industrial Goods, 2022 - 2028 (USD Billion)
  • Chapter 7. Plastic Compounding Market - Regional Analysis
    • 7.1 Global Plastic Compounding Market Regional Overview
    • 7.2 Global Plastic Compounding Market Share, by Region, 2021 & 2028 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Plastic Compounding Market, 2022 - 2028 (USD Billion)
        • 7.3.1.1 North America Plastic Compounding Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 North America Plastic Compounding Market, by Type, 2022 - 2028
      • 7.4.1 North America Plastic Compounding Market, by Type, 2022 - 2028 (USD Billion)
    • 7.5 North America Plastic Compounding Market, by Application, 2022 - 2028
      • 7.5.1 North America Plastic Compounding Market, by Application, 2022 - 2028 (USD Billion)
    • 7.4. Europe
      • 7.4.2 Europe Plastic Compounding Market, 2022 - 2028 (USD Billion)
        • 7.4.2.1 Europe Plastic Compounding Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Europe Plastic Compounding Market, by Type, 2022 - 2028
      • 7.4.1 Europe Plastic Compounding Market, by Type, 2022 - 2028 (USD Billion)
    • 7.5 Europe Plastic Compounding Market, by Application, 2022 - 2028
      • 7.5.1 Europe Plastic Compounding Market, by Application, 2022 - 2028 (USD Billion)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Plastic Compounding Market, 2022 - 2028 (USD Billion)
        • 7.5.3.1 Asia Pacific Plastic Compounding Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Asia Pacific Plastic Compounding Market, by Type, 2022 - 2028
      • 7.4.1 Asia Pacific Plastic Compounding Market, by Type, 2022 - 2028 (USD Billion)
    • 7.5 Asia Pacific Plastic Compounding Market, by Application, 2022 - 2028
      • 7.5.1 Asia Pacific Plastic Compounding Market, by Application, 2022 - 2028 (USD Billion)
    • 7.6. Latin America
      • 7.6.4 Latin America Plastic Compounding Market, 2022 - 2028 (USD Billion)
        • 7.6.4.1 Latin America Plastic Compounding Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 Latin America Plastic Compounding Market, by Type, 2022 - 2028
      • 7.4.1 Latin America Plastic Compounding Market, by Type, 2022 - 2028 (USD Billion)
    • 7.5 Latin America Plastic Compounding Market, by Application, 2022 - 2028
      • 7.5.1 Latin America Plastic Compounding Market, by Application, 2022 - 2028 (USD Billion)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Plastic Compounding Market, 2022 - 2028 (USD Billion)
        • 7.7.5.1 The Middle-East and Africa Plastic Compounding Market, by Country, 2022 - 2028 (USD Billion)
    • 7.4 The Middle-East and Africa Plastic Compounding Market, by Type, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Plastic Compounding Market, by Type, 2022 - 2028 (USD Billion)
    • 7.5 The Middle-East and Africa Plastic Compounding Market, by Application, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Plastic Compounding Market, by Application, 2022 - 2028 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Agiplast
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Adell Plastics Inc.
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Sojitz Corporation
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 BASF SE
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 DuPont
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 RTP Company Inc.
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 S & E Speciality Polymers
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 LLC
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Coperion K-Tron
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Kingfa Science & Technology Co. Ltd.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Plstiblends India Ltd.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Plastic Compounding Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Plastic Compounding Market attractiveness, By Type
  • 6. Global Plastic Compounding Market attractiveness, By Application
  • 7. Global Plastic Compounding Market share by Type, 2022 and 2028 (USD Billion)
  • 8. Global Plastic Compounding Market by Polyvinyl Chloride [PVC], 2022 - 2028 (USD Billion)
  • 9. Global Plastic Compounding Market by Polystyrene [PS], 2022 - 2028 (USD Billion)
  • 10. Global Plastic Compounding Market by Polyethylene [PE], 2022 - 2028 (USD Billion)
  • 11. Global Plastic Compounding Market by Polypropylene [PP], 2022 - 2028 (USD Billion)
  • 12. Global Plastic Compounding Market by Polyamide [PA], 2022 - 2028 (USD Billion)
  • 13. Global Plastic Compounding Market by Polyethylene Terephthalate [PET], 2022 - 2028 (USD Billion)
  • 14. Global Plastic Compounding Market by Polybutylene Terephthalate [PBT], 2022 - 2028 (USD Billion)
  • 15. Global Plastic Compounding Market by Acrylonitrile Butadiene Systems [ABS], 2022 - 2028 (USD Billion)
  • 16. Global Plastic Compounding Market share by Application, 2022 and 2028 (USD Billion)
  • 17. Global Plastic Compounding Market by Automotive, 2022 - 2028 (USD Billion)
  • 18. Global Plastic Compounding Market by Electrical & Electronic Appliances  , 2022 - 2028 (USD Billion)
  • 19. Global Plastic Compounding Market by Building & Construction, 2022 - 2028 (USD Billion)
  • 20. Global Plastic Compounding Market by Textiles, 2022 - 2028 (USD Billion)
  • 21. Global Plastic Compounding Market by Packaging, 2022 - 2028 (USD Billion)
  • 22. Global Plastic Compounding Market by Consumer Goods, 2022 - 2028 (USD Billion)
  • 23. Global Plastic Compounding Market by Healthcare, 2022 - 2028 (USD Billion)
  • 24. Global Plastic Compounding Market by Industrial Goods, 2022 - 2028 (USD Billion)
  • 25. Global Plastic Compounding Market share, by Region, 2022 and 2028
  • 26. North America Plastic Compounding Market, 2022 - 2028 (USD Billion)
  • 27. Europe Plastic Compounding Market, 2022 - 2028 (USD Billion)
  • 28. Asia Pacific Plastic Compounding Market, 2022 - 2028 (USD Billion)
  • 29. Latin America Plastic Compounding Market, 2022 - 2028 (USD Billion)
  • 30. The Middle-East and Africa Plastic Compounding Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Plastic Compounding Market: Snapshot
  • 2. Drivers of the Plastic Compounding Market: impact analysis
  • 3. North America Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 4. North America Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 5. U.S. Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 6. U.S. Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 7. Canada Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 8. Canada Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 9. Europe Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 10. Europe Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 11. Germany Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 12. Germany Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 13. France Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 14. France Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 15. U.K. Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 16. U.K. Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 17. Italy Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 18. Italy Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 19. Spain Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 20. Spain Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 21. Rest of Europe Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 22. Rest of Europe Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 23. Asia Pacific Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 24. Asia Pacific Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 25. China Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 26. China Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 27. Japan Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 28. Japan Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 29. India Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 30. India Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 31. South Korea Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 32. South Korea Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 33. South-East Asia Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 34. South-East Asia Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 35. Rest of Asia Pacific Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 36. Rest of Asia Pacific Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 37. Latin America Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 38. Latin America Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 39. Brazil Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 40. Brazil Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 41. Mexico Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 42. Mexico Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 43. Rest of Latin America Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 44. Rest of Latin America Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 45. The Middle-East and Africa Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 46. The Middle-East and Africa Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 47. GCC Countries Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 48. GCC Countries Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 49. South Africa Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 50. South Africa Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)
  • 51. Rest of Middle-East Africa Plastic Compounding Market revenue, By Type, 2022 - 2028 (USD Billion)
  • 52. Rest of Middle-East Africa Plastic Compounding Market revenue, By Application, 2022 - 2028 (USD Billion)

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FrequentlyAsked Questions

Growth of plastic compounding market over forecast timeline is due to its easy molding features and ability to form various kinds of shapes. Massive need for glass, wood, metal, and natural rubber substitution will culminate into humungous business growth. Apart from this, surging demand for plastics in construction, electrical & electronics, and automotive sectors is predicted to be a key factor influencing industry growth in a long run. Massive demand for plastics in infrastructural growth will prop up size of plastic compounding market over forecasting timespan. Huge investments in water & sanitation management, irrigation, power, retail, and transport sectors will play a key role in impacting growth of plastic compounding industry.

According to Zion market research report, the global Plastic Compounding Market accrued earnings worth approximately 63.1 (USD Billion) in 2020 and is predicted to gain revenue of about 101.28 (USD Billion) by 2028, is set to record a CAGR of nearly 6.9% over the period from 2021 to 2028.

Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to humungous demand for modified plastics in automotive, electronics, and construction sectors. Growing trend of producing eco-friendly or recyclable plastic materials in countries such as India and China owing to ban on use of conventional plastic materials will boost regional market growth. Additionally, inclination towards green plastics production among plastic manufacturers in sub-continent will prop up market expansion in Asia Pacific over forecast timeframe. 

The key market participants include Agiplast, Adell Plastics, Inc., Sojitz Corporation, BASF SE, DuPont, RTP Company, Inc., S & E Speciality Polymers, LLC, Coperion K-Tron, Kingfa Science & Technology Co. Ltd., and Plstiblends India Ltd. 

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