Automotive Plastic Compounding Market

The global Automotive Plastic Compounding market was valued at 195.56 Million USD in 2021 and will grow with a CAGR of 5.98% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of Automotive Plastic Compounding Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Automotive Plastic Compounding Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Combining a plastic resin with colors, additives, modifiers, fillers, reinforcements or other polymers has become a common practice, as about half of the plastic consumed in the world cannot be used as base resin. The compounding process is used to convert base resin into desired plastic that is more uniform, effective, and usable across varied applications. Plastics have traditionally been used in various applications such as automotive components, packaging, toys, furniture, electronic components, and construction materials. Manufacturing of plastic compounds entails three ingredients or raw materials: polymers, additives, and fillers. Polymers primarily comprise polypropylene and polyethylene. Polypropylene may be categorized into homopolymers or block copolymers. Prices of plastics have been on the rise in the past few years owing to instability in prices of petrochemicals and higher substitution potential of their bio-based counterparts.Increasing use of thermosets and thermoplastics in automotive component manufacturing is a key factor anticipated to fuel industry growth. Integration of electronics in automobiles has led to high demand for plastics in instrument panels with integrated high-end electronic devices. Plastic compoundss offer high safety & electrical insulation when compounded with additives, thereby being prefered over base resins.

By Market Verdors:

BASF

SABIC

DowDuPont

LyondellBassell Industries

A. Schulman

RTP Company

S&E Specialty Polymers, LLC

Dyneon GmbH.

Asahi Kasei Plastics

Covestro (Bayer Material Science)

Ferro Corporation

Washington Penn Plastics Company

Eurostar Engineering Plastics

Kuraray Plastics

By Types:

Acrylonitrile Butadiene Styrene (ABS)

Polypropylene (PP)

Polyurethane (PU)

Polyvinyl Chloride (PVC)

Polyethylene (PE)

By Applications:

Instrument Panels

Powertrain

Door Systems

Interior Components

Exterior Fascia

Under the Hood Components

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

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Assess the production processes, major issues, and solutions to mitigate the development risk.

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To understand the future outlook and prospects for the market.

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