Plastic Compounding Market Forecast & Competitive Share, 2017 - 2024: Global Market Insights, Inc. Global Plastic Compounding Market size is projected to witness a significant growth between 2017 and 2024. Compounding of plastic is done to convert the base resin in a desired plastic form that is more usable, effective and uniform. Upsurge in the market is observed owing to its multiple and varied applications in end use industries such as automotive, electrical & electronics, and construction. Plastic components are preferred over metals in automobiles owing to their easy moldability, superior impact strength, scratch resistance, better aesthetics, light weight and recyclability. With the use of plastic components in the automobiles there is a weight saving of nearly 75% and 30% in cost savings of automobile components.
Reasons to Buy This Report: 1. Plastic Compounding Market size & share forecast by product & application 2. Growth drivers, pitfalls & industry challenges 3. Key Plastic Compounding Market growth opportunities & emerging business models 4. Competitive benchmarking with market share analysis and company profiles
1|Page