Top Companies in Plastic Compounding Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
The plastic compounding market is projected to reach a value of USD 99.4 Billion by 2030 at a CAGR of 7.10% over the forecast period.
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Vantage Market Research has recently published a new report on “Plastic Compounding Market” Global Industry Assessment & Forecast to identify key trends and challenges. The report offers insights into the competitive landscape, prospects, and key investment considerations for businesses operating in the Plastic Compounding market. Some of the key statistics in the report highlight that Global Plastic Compounding Market was valued at USD 61.5 Billion in 2022 and is projected to reach a value of USD 99.4 Billion by 2030 at a CAGR of 7.10% over the forecast period. The global Plastic Compounding market will continue to expand due to the rising demand for plastic products and the increased need for lightweight materials to reduce carbon emissions.
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The Global Plastic Compounding Market is dominated by well-known players like Asahi Kasei Corporation (Japan), Avient Corporation (U.S.), Teknor Apex Company (U.S.), Celanese Corporation (U.S.), Clariant AG (Switzerland), Kingfa Sci. & Tech. Co. Ltd. (China), Evonik Industries AG (Germany), LyondellBasell Industries N.V. (Netherlands), Covestro AG (Germany), and Saudi Arabia’s Basic Industries Corporation (Saudi Arabia).
Let’s Take a Look at the Top Market Players that are Captivating the Plastic Compounding Market
- Asahi Kasei Corporation (Japan)
The business produces and sells chemical products. Various polymers, including polypropylene and polyamide, are used by the company to make compounds tailored to the demands of its clients. These compounds are also reinforced, filled with additives, and contain fillers. Automotive parts, electrical and electronic parts, packaging materials, and medical devices are just a few of the uses for Asahi Kasei’s plastic compounds.
- Avient Corporation (U.S.)
The company serves the healthcare, transportation, electronics, industrial, and consumer markets as a global supplier of specialist polymer materials, services, and solutions. Specialty polymer formulations, color and additive masterbatches, engineered polymer composites, and thermoplastic elastomers are all part of the offering of goods and services.
- Teknor Apex Company (U.S.)
The Business is privately held and produces unique polymer formulations, chemical specialties, and thermoplastic compounds. They work in several sectors, including wire & cable, automotive, construction, healthcare, and packaging. In addition, the company provides various goods, such as engineered thermoplastics, polyamide compounds, flexible and rigid PVC compounds, and thermoplastic elastomers.
- Celanese Corporation (U.S.)
The engineered materials division of Celanese Corporation is involved in the manufacturing of plastic compounds. The business provides a selection of specially designed thermoplastic polymer compounds utilized in various industries, including the automotive, consumer products, and industrial sectors. Combining several ingredients to produce a compound with specific features and characteristics is the focus of Celanese’s Plastic Compounding business. The business uses various polymers, including polyester, polypropylene, and polyamide.
- Clariant AG (Switzerland)
Clariant AG is a multinational specialty chemicals business with operations in several sectors, including automotive, building, consumer products, and healthcare. The company’s plastics and coatings business sector provides a variety of goods and services, such as plastic compounds and masterbatches, to the plastics and coatings industries. Plastic compounds the business produces are utilized in a wide range of products, including electrical and electronic components, packaging, and automobile parts.
- Kingfa Sci. & Tech. Co. Ltd. (China)
The business specializes in creating advanced polymer materials, such as composites, engineering plastics with high performance, and plastics that are good for the environment. Engineering plastics, including polyamide (PA), polycarbonate (PC), and polyphenylene oxide (PPO), as well as specialty plastics like biodegradable plastics and thermoplastic elastomers, are all part of the product spectrum. Additionally, the business provides various solutions for numerous markets, including the automotive, electronics, healthcare, and packaging sectors.
- Evonik Industries AG (Germany)
The company’s product line comprises polymer materials, additives, and specialty chemicals. High-performance polymers, silica-based products, and specialty additives are just a few of the solutions the company provides for various industries. It offers services to clients all over the world.
- LyondellBasell Industries N.V. (Netherlands)
LyondellBasell Industries N.V. is a chemical corporation that creates a variety of goods, such as fuels, chemicals, and polymers. For various industries, including automotive, construction, packaging, and consumer goods, the product portfolio includes polyethylene, polypropylene, and advanced polymer solutions. The business also manufactures chemicals, such as ethylene oxide, propylene oxide, and styrene monomer, which are utilized to manufacture various consumer goods.
- Covestro AG (Germany)
The business offers its products and services to various industries, including those in the automotive, building, clothing, electrical, electronics, cosmetics, health, and chemical industries, as well as furniture, woodworking, and wood processing. Polyurethanes, polycarbonates, and coatings are among the company’s available plastics goods.
- Saudi Arabia’s Basic Industries Corporation (Saudi Arabia)
The international corporation manufactures chemicals and makes a variety of metals, polymers, and chemicals. Plastics such as polyethylene, polypropylene, polycarbonate, ethylene vinyl acetate (EVA), and chemicals like methanol, ethylene, and propylene oxide are all part of SABIC’s product line-up. The business also manufactures a range of metal goods, including steel and aluminum.
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