LONDON, March 3, 2016 /PRNewswire/ -- Specific End-User Needs will Increasingly Influence Product and Technology Development
The Frost & Sullivan research service aims to provide an overview of the trends in the plastic compounding market. The topics covered include an industry overview, background, and impact factors. The study also focuses on providing an insight into how end-user trends are impacting the plastic compounding market across different segments such as engineering plastics, commodity plastics, and high performance plastics. The study also discusses the impact of low oil prices as well as 3D printing. Regional trends impacting the plastic compounding market including differences in technology and product acceptance levels have also been touched upon.
By 2020, demand for plastic compounds is likely to be Million Tons.
Value addition is higher at the compound level; however, capital infrastructure, technical expertise, and serviceability drive manufacturers to adopt different strategies.
Transportation will be major growth driver in the future, while electronics, medical, and packaging will provide sustenance.
Commodity thermoplastics compounds will continue to hold a larger share of volumes while engineering plastics will have high growth potential in specific industries (construction, transportation, and medical).
Regional compounders will lead in Asia, while global compounders and integrated resin manufacturers will dominate in Europe and North America.
Integrated resin manufacturers will continue to have a two- pronged strategy and will continue to acquire smaller compounding companies, while independent compounders will build more horizontal and industry expertise.
Download the full report: https://www.reportbuyer.com/product/3673811/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers