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Plastic Compounding Market Share
- Report ID: GMI1533
- Published Date: Nov 2022
- Report Format: PDF
Plastic Compounding Market Share
- The Dow Chemical Company
- LyondellBasell Industries
- Foster Corporation
- BASF SE
- Solvay SA
- Kraton Corporation
- Aurora Plastics LLC
- Saudi Basic Industries Corporation (SABIC)
- RTP Company
are major enterprises operating in the global plastic compounding industry. To retain their business position, companies are prioritizing the development of innovative manufacturing processes and the implementation of growth strategies.
Frequently Asked Questions (FAQ) :
Plastic Compounding Industry was valued at more than USD 46.4 billion in 2023 and is set to expand significantly at over 5.5% CAGR from 2024 to 2032, led by the rising usage of plastics in the construction sector.
The thermoplastic elastomers segment is projected to exceed USD 10 billion by 2032 due to the growing demand for styrene block copolymer (SBC) compounding for several applications.
The electrical & electronics segment is estimated to grow at a 5.5% rate through 2032 owing to the increasing demands for flame retardancy, heat resistance, and increased serviceability in manufacturing materials for electrical and electronic products.
The leading manufacturers in the industry are The Dow Chemical Company, LyondellBasell Industries, Foster Corporation, BASF SE, Solvay SA, Kraton Corporation, Aurora Plastics LLC, Saudi Basic Industries Corporation (SABIC), Owens Corning Corp., and RTP Company, among others.
Plastic Compounding Market Scope
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