Growth in the US custom thermoplastic compounding market will total 3.2% annually through 2019 in volume terms. Advances will be driven by the increasingly technical nature of plastic processing, benefiting product offerings from custom compounders. An improved outlook for construction spending and wire & cable production will also boost demand.
This report segments the Custom Thermoplastic Compounding industry by Resin and Market. Data is provided in million pounds.
PVC will remain the largest of these through 2019. PVC will also see the fastest growth, driven by a strong rebound in construction activity.
Major Custom Thermoplastic Compounding Markets include:
Consumer & Medical
Electrical & Electronic
Wire & Cable
Construction was the leading outlet in 2014. The most rapid gains through 2019 are also forecast for the construction market, fueled by healthy growth in applications such as pipe, siding, windows, and doors.
Because thermoplastics are compounded to suit specific end-user needs, a number of companies -- such as PolyOne and A. Schulman -- have recently utilized acquisitions to expand their presence in high value markets. Other major suppliers include Ampacet, Axiall, BASF, DuPont, LyondellBasell, Mitsui Chemicals (Advanced Composites), SABIC, Teknor Apex, and Washington Penn Plastic.