February 04, 2022 05:58 ET | Source: Research and Markets Research and Markets

Dublin, Feb. 04, 2022 (GLOBE NEWSWIRE) -- The "Global Market for Plastics Compounding 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global market volume for plastic compounding should grow from $475.9 billion in 2021 to $540.4 billion pounds by 2026 with a compound annual growth rate (CAGR) of 2.6% for the period of 2021-2026.

Among the latest trends, utilization of bioplastics in the global market is increasingly becoming popular, which is anticipated to further expand the industry share.

The production of compounded plastics is a large business and a highly competitive one. Competition is based on many factors, including speed, delivery, service, performance, product innovation, product recognition, quality and price. Mitsui Chemicals, LyondellBasell, SABIC and others are among the leading players in the global market.

The applications of plastic compounding market have boosted significantly due to their varied benefits. The automotive manufacturing industry is the leading end user of plastic compounds market globally. The sector offers a continued opportunity for the plastic compounding market, as this market offers an ideal material that acts as a substitute for metal, allowing for desirable weight reduction. Polypropylene (PP) and glass-filled PET are among the major compounded plastics utilized in the sector.

This report also includes an introduction to thermoplastic elastomers and some bio compounds - plastics that are made from plants instead of hydrocarbons. It excludes thermosetting resins since they have different chemistries and are usually processed differently.

Chapter 5 Plastic Compounding Market Analysis by Type

Chapter 6 Plastic Compounding Market Analysis by Application

Chapter 7 Plastic Compounding Market Analysis by Region

Chapter 8 Plastic Compounding Market Analysis for Biocompounds

Chapter 9 Plastic Compounding Market Analysis by Additive

Chapter 10 Plastic Compounding Market Analysis for Fillers and Reinforcements

Chapter 11 Plastic Compounding Market Analysis for Masterbatches

Chapter 12 Plastic Compounding Market Analysis for Machinery and Equipment

Chapter 13 Plastic Compounding Market Analysis by Type of Compounder

For more information about this report visit https://www.researchandmarkets.com/r/klcq2v