The engineering plastic industry of Asia Pacific has substantial growth potential. The packaging industry in India has witnessed a strong penetration of plastics. In terms of engineering plastics the market scenario is not technologically advanced and a lot of these materials are imported to cater to the unmet domestic demand. The consumption of plastic compounds in Asia Pacific was around 116 billion tons in 2016 and it is estimated to be 159 billion tons by 2024. North America’s share in consuming plastic compounds was 26% in 2014. The engineering plastics market in North America is likely to maintain a CAGR of about 5% during the period 2016-2024 with respect to end-use industries.
Why should you invest in this report?
If you are aiming to enter the global plastic compounding market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for plastic compounds are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2017-2025, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Global Market Study on Plastic Compounding: Asia Pacific to Lead in Terms of Market Value Share During the Forecast Period 2017 - 2025Buy Now
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