(2020 - 2023) Global Plastic Compounding Machinery Market, CAGR Status, Market Growth, Trends, Analysis and Forecast
Plastic Compounding Machinery Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Plastic Compounding Machinery market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Plastic Compounding Machinery Market report is anticipated to register a CAGR of XX% over a five years forecast period (2020 – 2023).”
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List of Major Key players operating in the Global Plastic Compounding Machinery Market are –
- Coperion Ltd-CPM EXTRUSION GROUP-Entek Extruders-Excell Environmental Solutions Ltd-Farrel Corporation-ICMA San Giorgio SpA -Ikegai Corp -KOBE STEEL
- LTD. -KraussMaffei Group-Nordson Corporation-Randcastle Extrusion Systems
- Inc.- TECHNOVEL Corporation-The Japan Steel Works
- LTD.-Theysohn Group-TOSHIBA MACHINE CO.
- LTD-TPV Compound Srl-USEON (Nanjing) Extrusion Machinery Co.
- Ltd.-Welset Plast Extrusions Pvt. Ltd.
The plastic compounding machinery market is estimated to grow at a moderate to high rate during the forecast period, 2020-2023. Asia-Pacific is expected to witness highest growth in the demand for plastic compounding business during the forecast period, owing to the rising demand for engineering plastics and color masterbatch in the region, this, in turn, is likely to drive the plastic compounding machinery business in the region.
Compounders expanding their Capabilities deck Compounding technology providers are conscious of the changing market environment. These service providers are acting on many levels starting from complete, integrated compounding systems to solution display and the selection window for those options to tackle the market demand. In the similar event, Farrel Corporation, a global compounding technology provider, launched a new model of the CP Series II Compact Processor that expands the line to seven models and boosts top-end output substantially. The production rate of this CP Series II model ranges from 5,500 to 11,000 pounds per hour, based on the type of material, quality, and additives & fillers type among other factors. It offers the solution for wide variety of resins such as PS, ABS, SAN, TPU, TPO, PA, PLA and temperature-sensitive materials such as recycled PVC. A broad application range on technology is expected to increase the scope for the plastic compounding machinery in a variety of end-use industries.
Boost in demand for Engineering Plastics and Color Masterbatch in the U.S.
The U.S. compounding business has been fair and stable over the past half a decade owing to the abundance of business in the market to go around. The demand for compounding lines was majorly driven by high demand for engineering plastics and masterbatch. However, the nature of this industry is highly cyclical with a continuous up and down like in seesaw fashion. Last year in the U.S. was a little low for the compounding line business, and recent natural disasters such as Hurricane Harvey also affected the market in the same duration. However, these natural disasters changed the industry by creating a window of opportunity too; the recovery is ending up helping the economy in sales of cars, appliances, and houses destroyed by the flooding in Houston, which is again expected to upswing the compounding business in the country.
Asia-Pacific to Witness Strong Growth
Strong demand for engineering plastics in Asia-Pacific is likely to boost the plastic compounding industry, which in turn, is expected to propel the compounding machinery demand in the region. One of the major drivers of the engineering plastics is the growing purchasing power of the consumers in the developing countries/emerging economies. With the consistent economic growth in the region, the financial status of the consumers is increasing, which in turn is improving their purchasing power. As a result, their demand for and production of automobile is growing consistently. In addition, with the improvement of their purchasing power, their demand for technologically advanced consumer goods and appliances, and electrical and electronic goods is continually increasing, which in turn is boosting the demand for engineering plastics in Asia-Pacific.
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Scope of the Report:
The report analyses Plastic Compounding Machinery market, which includes –
- Analysis of the growth of Plastic Compounding Machinery market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Plastic Compounding Machinery market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Plastic Compounding Machinery market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Plastic Compounding Machinery market are discussed.
- The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Plastic Compounding Machinery Market Report:
- Varying dynamics of the Plastic Compounding Machinery industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
- Plastic Compounding Machinery market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Plastic Compounding Machinery market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Plastic Compounding Machinery Market Report:
- The report analyses how stringent emission control norms will drive the global Plastic Compounding Machinery market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Plastic Compounding Machinery market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Plastic Compounding Machinery:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023
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