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DUBLIN , Aug. 19, 2022 /PRNewswire/ -- The "Global Plastic Compounding Market Size, Share & Trends Analysis Report by Product (PE, PP, PET, TPV, TPO, PVC, PS, PBT, PA, PC, ABS), by Application (Automotive, Electrical & Electronics), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The global plastic compounding market size is expected to reach USD 112.08 billion by 2030. It is expected to expand at a CAGR of 7.4% from 2022 to 2030. The construction and vehicle industries are expected to encourage demand for interiors, exteriors, and under-the-hood components. Plastic compounding is used in automotive under-hood components, building interiors and exteriors in construction and infrastructure, and the electrical and electronics industry, which is anticipated to boost the market growth.

Polyethylene Terephthalate (PET) is a plastic used to make bottle containers for packaged water and fizzy beverages. PET is considered a safe, durable, flexible, non-toxic, lightweight, and 100% recyclable raw material. As a result, it has acquired wide acceptance, which is expected to propel the expansion of the market over the forecast period. In 2021, Asia Pacific was the top revenue source for the PET compound market. The regional usage of PET compound is expected to be driven by rising demand for beverages, particularly carbonated drinks and nutritional drinks. The expansion in population, changing lifestyles, and the emergence of local beverage makers all contribute to this trend. The presence of a large pool of contract bottlers in the Asia Pacific will also have an impact on the variety of packaging industries. Plastics have always been used extensively in the construction sector, with products ranging from pipe fittings and insulation to construction materials and equipment. Plastic compounds are adjusted to meet their specific needs. For instance, flame retardant chemicals are added to Polyvinyl Chloride (PVC) components and are an essential part of building materials. Plastic Compounding Market Report Highlights

Key Topics Covered: Chapter 1. Methodology and Scope Chapter 2. Executive Summary Chapter 3. Plastic Compounding Market Variables, Trends & Scope Chapter 4. Plastic Compounding Market: Product Estimates & Analysis Chapter 5. Plastic Compounding Market: Application Estimates & Analysis Chapter 6. Plastic Compounding Market: Region Estimates & Analysis Chapter 7. Competitive Landscape Chapter 8. Company Profiles  Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/kgta8k

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