North America Plastic Compounding Market by Global Trends, Opportunities And Industry Forecast To 2026 - PowerPoint PPT Presentation

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North America Plastic Compounding Market by Global Trends, Opportunities And Industry Forecast To 2026

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North America Plastic Compounding Market To Hit USD 23.38 Mn By 2026. The proliferation of the automotive and consumer goods industries is expected to accelerate North America plastic compounding market outlook up to 2026. – PowerPoint PPT presentation

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Title: North America Plastic Compounding Market by Global Trends, Opportunities And Industry Forecast To 2026


1

North America Plastic Compounding Market Outlook
- Industry Statistics Analysis By 2026
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  • North America Plastic Compounding Market To Hit
    USD 23.38 Mn By 2026. The proliferation of the
    automotive and consumer goods industries is
    expected to accelerate North America plastic
    compounding market outlook up to 2026.
  • With growing consumer awareness regarding the
    detrimental impact of plastic waste on the
    environment, bio-based plastic innovation is
    expected to gain traction in the coming years.
    Bio plastics are manufactured from plant-derived
    materials, rendering their adoption crucial in
    minimizing the use of petroleum resources,
    thereby limiting carbon dioxide emissions. The
    material can be colored, reducing emissions of
    Volatile Organic Compounds (VOCs) associated with
    the painting process. Several automotive
    manufacturers, including Toyota, Mazda, and
    others, are working on the use of new bioplastic
    grades.
  • Automotive is a major end-user of compounding
    plastics. A car requires around 30,000
    components, of which, approximately one-third is
    comprised of plastics. When analyzing the role of
    plastic compounding in automobiles, achieving
    weight reduction has become a crucial topic to
    address. Stringent car pollution government
    standards imposed by the United States and Canada
    are putting pressure on automakers to improve
    vehicle fuel economy. Plastic has emerged as one
    of the most significant materials required for
    vehicle construction, performance, and safety,
    owing to fuel efficiency and, as a corollary,
    reduced greenhouse gas emissions.

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  • With a diverse spectrum of end-user industries,
    the United States holds a considerable chunk of
    the North America plastic compounding industry
    share. Here are some of the recent developments
    in the U.S. market
  • French specialized PVC compounder Benvic joined
    the US market in April 2019 with the recent
    acquisition of custom compounder Chemres,
    Princeton, N.J. 
  • Albis Plastics stated in February 2020 that it
    will produce plastic compounding from its new
    manufacturing location in Duncan, SC.
  • LyondellBasell Industries, BASF SE, Solvay S.A.,
    Kraton Corporation, Aurora Plastics LLC, SABIC,
    and Foster Corporation are among the leading
    plastic compounding companies in North America.
    Total North America plastic compounding industry
    size is projected to surpass USD 23.38 billion by
    2026.
  • Regional market share from the consumer goods
    category is expected to grow at a CAGR of 6.7 up
    to 2026. Packaging is quickly becoming one of the
    most significant marketing tactics for acquiring
    clients. Development of numerous home appliances,
    including television sets, microwaves, food
    processors, and refrigerators, are driving the
    need for plastic components. The market share
    from the thermoplastic category dominated the
    market in 2019, accounting for approximately 88
    of the volumetric share.

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5
Segments of North America Plastic Compounding
Market
  • North America Market, By Product
  • Thermoplastic Polymer
  • Polyethylene
  • Polypropylene
  • Polyester
  • Polycarbonate
  • Polyethylene Terephthalate
  • Polyvinyl Chloride
  • Acrylonitrile Butadiene Styrene
  • Polybutylene Terephthalate
  • Poly(Methyl Methacrylate)
  • Polyoxymethylene
  • Thermosetting Polymer
  • Polyurethane resin
  • Epoxy resin
  • Thermoplastic Elastomer
  • Polyamide
  • Polyurethane
  • SBC

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