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Plastic Compounding Market Size
- Report ID: GMI1533
- Published Date: Nov 2022
- Report Format: PDF
Plastic Compounding Market Size
Plastic Compounding Market size valuation exceeded USD 46.4 billion in 2023 and is anticipated to grow at over 5.5% CAGR between 2024 and 2032, driven by the growing adoption of plastics in the construction industry worldwide.
There has been an upsurge in building and infrastructure projects worldwide in recent years, with India, China, and North America among the top countries that have the greatest number of ongoing construction projects. Plastic products are durable and reusable, lower building costs, and reduce waste, which makes them a preferred material for use in the construction space. Widespread use of plastic components, including hinges, screws, and bigger construction components for electrical wiring, flooring, wall covering, waterproofing, and decoration in the expanding construction sector is foreseen to augment the industry revenue through the estimated timeline.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Plastic Compounding Market Size in 2023: | USD 46.4 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.5% |
| 2032 Value Projection: | USD 77 Billion |
| Historical Data for: | 2018 to 2032 |
| No. of Pages: | 210 |
| Tables, Charts & Figures: | 243 |
| Segments covered: | Product, Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Plastic Compounding Market Scope
