Plastic Compounding Market - Global Industry Analysis, Size, Share, Forecast 2016 - 2024

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Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Plastic

Compounding Market - Global Industry Analysis, Size, Share, Trends and Forecast 2016 - 2024” This report likewise

incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide

business sector industry structure.

Combining a plastic resin with colors, additives, modifiers, fillers, reinforcements or other polymers has become a common

practice, as about half of the plastic consumed in the world cannot be used as base resin. The compounding process is used to

convert base resin into desired plastic that is more uniform, effective, and usable across varied applications. Plastics have

traditionally been used in various applications such as automotive components, packaging, toys, furniture, electronic

components, and construction materials. Manufacturing of plastic compounds entails three ingredients or raw materials:

polymers, additives, and fillers. Polymers primarily comprise polypropylene and polyethylene. Polypropylene may be categorized

into homopolymers or block copolymers. Prices of plastics have been on the rise in the past few years owing to instability in

prices of petrochemicals and higher substitution potential of their bio-based counterparts.

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