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Plastic Compounding Market Size, Latest Trends, Regional Insights Dynamics By 2032

The global plastic compounding market is set to witness an impressive growth rate of 7.4% from 2022 to 2032. The plastic compounding market size is anticipated to reach a valuation of around US$ 163.9 Billion by the end of 2032 from the current valuation of US$ 64.8 Billion in 2022.

The plastic compounding process is being utilized to improve electrical properties and UV resistance in polymers rendering it a very critical material in industrial applications. On the other hand, custom polymer compounding is becoming more common in the plastic compounding industry to achieve high-performance qualities in plastic-based goods. The improving economic condition and the rise of plastic end users have promoted plastic compounding market growth.

Due to the comparatively liberal administrative involvement regarding the inclusion of plastics in building materials, rising construction investment is anticipated to present growth possibilities for PVC compounds. The surge in the usage of purging compounds for injection moulding in the building industry is due to their application in flooring, insulation, storage tanks, performance safety windows, doors, pipelines, and cables.

The Asia Pacific plastic compounding market is anticipated to experience increased demand as a result of the expanding manufacturing sector. It is the leading manufacturer and user of consumer goods, autos, and packaging materials, which have cleared the path for the rapid adoption of the plastic compounding process.

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Competitive Landscape

Some of the well-known plastic compounding market players are BASF SE, LyondellBasell Industries Holdings B.V., Dow, Inc., DuPont, SABIC, RTP Company, S&E Specialty Polymers, LLC (Aurora Plastics), Asahi Kasei Corporation, Covestro AG, Washington Penn, Eurostar Engineering Plastics (EEP), KURARAY CO., LTD., TEIJIN LIMITED, Evonik Industries AG, Dyneon GmbH & Co KG among others.

With the rise of independent fully functional plastic compounding market key players, the sector has seen major capacity growth in last few years. Original Equipment Manufacturers or OEMs, which often enter into strategic relationships with plastic compounding market major players, have emerged to be the major market drivers.

Plastic Compounding Market by Segmentation

By Product Outlook:

Polyethylene (PE)
Polypropylene (PP)
Thermoplastic Vulcanizates (TPV)
Thermoplastic Polyolefins (TPO)
Poly Vinyl Chloride (PVC)
Polystyrene (PS)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Polyamide
Polycarbonate
Acrylonitrile Butadiene Styrene (ABS)
Others

By Application Outlook:

Automotive
Building & Construction
Electrical & Electronics
Packaging
Consumer Goods
Industrial Machinery
Medical Devices
Optical Media
Others

Recent Developments in the Global Plastic Compounding Market:

Dow, Inc. Company revealed about its investment projects to enhance circular plastics in October 2021 and start supplying it by 2022. These developments will contribute to the reduction of GHG emissions, the prevention of plastic waste, and the availability of recycled polymers with comparable qualities to fresh plastics.

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Road Marking Paints & Coatings Market – Business Opportunities and Global Forecast to 2032

The size of the global road marking paints and coatings market is anticipated to expand significantly from 2022 to 2032 at a CAGR of 3.5 percent. The market for road marking paints and coatings is expected to grow as people become more conscious of the need of driving safely.

According to FMI, the market for paints and coatings for road markings would likely reach US$ 11.6 billion in 2032 and US$ 8.1 billion in 2022. Road marking paints & coatings are used for marking road area, speed breakers, dividers, parking areas, and turning signs amongst others.

Road marking plays a crucial role in maintaining road safety and traffic control. This activity is enabled by the application of Road Marking Paints & Coatings by the road marking job companies. Road marking paints & coatings needs to be durable and strongly visible, therefore, abrasion resistant and strong weathering proof paints & and coatings are used for marking the road.

Road marking paints are coatings use optical brighteners or fluorescent pigments for providing brightening and fluorescent effect to the road markings. Road marking paints & coatings are generally polymer based and ceramic based coatings including, acrylic, epoxy gl****, and other materials.

Road marking paints and coatings can be cl****ified into water based, solvent based and other thermoplastic coatings. Gl**** beads are also used in the road marking purposes.

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Global Road marking paints & coatings Market Participants        

Some of the market participants identified across the value chain of global road marking paints & coatings market are:

The Sherwin-Williams Company
3M
SWARCO AG
Geveko Markings
Ennis-Flint, Inc.
JotunCrown Technology, LLC
Sealmaster
Aximum
US Specialy Coatings
Rembrandtin Lack GmbH Nfg. Kg
Berger Paints

The global market research report presents a comprehensive ****essment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of ****umptions and methodologies. 

Global road marking paints & coatings market segmentation

On the basis of material type, the global road marking paints & coatings market can be segmented as:

Acrylic
Epoxy
Thermoplastics
Other Resins

On the basis of Solvent, the global road marking paints & coatings market can be segmented as:

Water Based
Organic Solvent Based
Powder Based

On the basis of Applications, the global road marking paints & coatings market can be segmented as:

Highway road
Warehouse Floor
Landing strips
Park way
Car Parking
Ramps
Zebra Crossing
Others (Kerb Stones, Centre Line, Speed Humps, Edge Line)

Road marking paints & coatings Market: Regional Outlook

Large population and increasing infrastructure developments in India, China and other emerging countries in the world, is driving the global road marking paints & coatings market. Asia Pacific region led the global road marking paints & coatings market.

China and India are the fast growing countries in the global road marking paints & coatings market. Increasing demand from developing and emerging markets is boosting the demand for road marking paints & coatings.

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Global Polyethylene Terephthalate Market is Expected to Generate Huge Profits by 2032

The global polyethylene terephthalate market is anticipated to grow at a stable CAGR of 3.4% over the projection period from 2022 to 2032. The global market is predicted to forecasted to reach US$ 28.6 Billion in 2022, up from US$ 27.1 Billion in 2021. Furthermore, the industry is poised to reach nearly US$ 40 Billion by 2032.

Polyethylene Terephthalate popularly known as PET is a thermoplastic polymer resin produced due to the reaction of raw materials such as mono ethylene glycol (MEG) and purified terephthalic acid. This material is known to exhibit exceptional barrier properties towards moisture and water. Polyethylene Terephthalate finds applications across diverse industries such as automotive, food, and beverage packaging, and electronics, among others.

Over the recent years, Reliance Industries have announced an opening in Dahej, Gujrat, for making polyester plastic. Furthermore, the company is also expected to commission a 650KTA polyethylene terephthalate (PET) resin capacity and purified terephthalic acid (PTA) plant. It will increase their global share by almost four percent and would also lower the operational cost and achieve full chain margins.

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Key Companies Profiled

Indorama Ventures Public Company Limited
Alpek SAB de CV
Sinopec Group
Far Eastern New Century Corporation
CR Chemical Materials Technology Inc.

Competitive Landscape

Some of the key participants present in the global demand of the polyethylene terephthalate market are focusing on research and development activities along with other strategic steps such as mergers and acquisitions in order to get an edge over the global landscape.

Key Segments Covered in the Polyethylene Terephthalate Market Research Report

Application:

Polyethylene Terephthalate for Sheets/Films
Polyethylene Terephthalate for Packaging
Polyethylene Terephthalate for Consumer Goods
Polyethylene Terephthalate for Other Applications

End User:

Polyethylene Terephthalate for Automotive Industry
Polyethylene Terephthalate for Electronics
Polyethylene Terephthalate for Food & Beverages
Polyethylene Terephthalate for Other End Users

More Insights into the Polyethylene Terephthalate Market

The food and beverage sector is expected to account for robust growth within the Asia Pacific region. The rising income levels along with the swelling population levels are some of the major factors that have been steering the growth of the food industry in the province.

Attributing to enhanced living standards, the food and beverage sector in China is experiencing a significant boost. Consequently, there is an increasing demand for packaged, ready-to-cook, and ready-to-eat food, as well as an array of beverages.

Over the span of time, consumption of packaging material has significantly swelled, and a shift is predicted to sustainable and recyclable material is likely to drive the market in the coming future. Moreover, with enormous scope for growth in the region, novel investments are being observed in the food and beverage sector, envisioned to set up individual confectionaries, food processing, and beverage-making facilities.

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