Plastic Compounding Market is Anticipated to Expand at a CAGR of more than 5.0% from 2019 to 2027
The global plastic compounding market was valued at around US$ 60,000.0 Mn in 2018 and is anticipated to expand at a CAGR of more than 5.0% from 2019 to 2027, according to a new research report published by Transparency Market Research (TMR) titled ‘Plastic Compounding Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.’ Rise in demand for plastic compounds in automotive and electrical & electronics industries is driving the global plastic compounding market. Asia Pacific accounted for dominant share of the global plastic compounding market in 2018. In terms of demand, China held major share of the market in the region in 2018. The plastic compounding market in Asia Pacific is expected to expand at a CAGR of around 6.0% during the forecast period. Increase in Demand for Low Emission Products in Automotive Applications and Rise in Demand for Lightweight Vehicles International legislations and automotive OEMs have identified the...