Plastic Compounding Market expected to expand at a CAGR of 7.4% from 2022 to 2030
Plastic Compounding Industry Overview The global plastic compounding market size is expected to reach USD 112.08 billion by 2030, according to a report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.4% from 2022 to 2030. The construction and vehicle industries are expected to encourage demand for interiors, exteriors, and under-the-hood components. Plastic compounding is used in automotive under-hood components, building interiors and exteriors in construction and infrastructure, and the electrical and electronics industry, which is anticipated to boost the market growth. Plastic Compounding Market Segmentation Grand View Research has segmented the global plastic compounding market based on product, application, and region: Based on the Product Insights, the market is segmented into Polyethylene (PE), Polypropylene (PP), Thermoplastic Vulcanizates (TPV), Thermoplastic Polyolefins (TPO), Poly Vinyl Chloride (PVC), Polystyr...