North America Plastic Compounding Market Size By Product (Thermoplastic Elastomers, Thermosetting Polymers, and Thermoplastic Polymers), By End User (Automotive, Construction, Aerospace, Consumer Goods, Electrical & Electronics, and Others), By Regional Analysis And Forecast
North America Plastic Compounding Market Insights
According to Verified Market Research, the North America Plastic Compounding Market was valued at USD 10,767.85 Million in 2019 and is projected to reach USD 18,188.02 Million by 2027, growing at a CAGR of 6.88% from 2020 to 2027.
The North America Plastic Compounding Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The North America Plastic Compounding Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
North America Plastic Compounding Market Overview
This report provides an all-inclusive environment for the analysis of the North America Plastic Compounding Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the North America Plastic Compounding Market growth.
Along with the market overview, which comprises the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the North America Plastic Compounding Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the North America Plastic Compounding Market.
|Base year considered||2019|
|Forecast period considered||2020-2027|
|Base year market size||10,767.85 $ Million|
|Market size forecast||18,188.02 $ Million|
|Units considered||$ Million|
|Segments covered||Product, End User, and Geography.|
|Industry covered||Basic Chemicals|
North America Plastic Compounding Market: Segmentation Analysis
The North America Plastic Compounding Market is segmented on the basis of Product, End User, and Geography.
Key Players in North America Plastic Compounding Market
The major players in the market are Dow Inc., LyondellBasell Industries, N.V., DuPont de Nemours, Inc., BASF SE, SABIC, RTP Company, Kraton Polymers Inc., Covestro, Washington Penn Plastics Company, and Asahi Kasei Plastics North America, Inc.
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According to Verified Market Research, Global Plastic Compounding Market was valued at USD 55.74 Billion in 2018 and is projected to reach USD 92.67 Billion by 2026, growing at a CAGR of 6.58 % from 2019 to 2026.
What is Plastic Compounding?
Plastic compounding is a process of preparing plastic formulations by blending or ...