The global plastic compounding market size is projected to reach USD 95.29 billion by 2026

摘要

PLASTIC Compounding Market Size,Share & Trends Analysis Report by Product(PP,PET,TPV,TPO,PVC,PBT,ABS),By Application(Automotive,Electrical & Electronics,Construction),and Segment Forecasts,2019-2026.The global plastic compounding market size is projected to reach USD 95.29 billion by 2026.It is anticipated to expand at a CAGR of 6.7% during the forecast period.Rapidly developing construction and automobile markets are anticipated to drive the demand for interiors,exteriors,and under hood components.Maximum applications of plastics compounding involve under hood components in the automotive industry,building interior and exteriors in construction and infrastructure industries,and in electronics,durables,and wire and cable industries.Polyethylene terephthalate known as PET,is the plastic used for manufacturing bottle containers used for packaged water and carbonated beverages.As a raw material,PET is recognized worldwide as a safe,strong,flexible,non-toxic,and lightweight material that is 100% recyclable.Hence,it has gained wide acceptability and is anticipated to lead the plastic compounding market growth over the forecast period.