Plastics Polymers & Resins

Plastic Compounding Market – Growth, Analysis, Trends And Forecasts, 2015 To 2022

Demand for the worldwide plastic compounding market was projected at about 219 million tons in 2013. Growing demand for plastics in the sectors of automotives, construction, electricals and electronics, etc is estimated to be a primary factor, positively affecting the plastic compounding market. Plastics are utilized across different applications. These include electronic parts, automotive constituents, furniture, and building materials.

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Regulatory interference decreases the weight of automotives. Reduced weight of automotives enhance the effectivity of fuel and decrease carbon ejections. The aforementioned factor has prompted vehicular OEMs to utilize plastics as a replacement to metals, like aluminium and steel for making vehicular constituents. With rising demand for plastics in the manufacture of vehicular constituents, the plastic compounding market is predicted to gain momentum in the years ahead.

This is on account of escalating need for quality materials in vehicular OEMs. Rising investments in the construction sector in developing regions and quick expansion in the construction industry of Africa are also projected to boost the plastic compounding market in the years to come. The cancer causing and non-biodegradability properties of some plastics are continuously examined by certain regulatory organizations. This factor is estimated to hinder the market in the future.


The plastic compounding market has been fragmented on account of products, applications and geographies. The products market includes PVC, olefins, PET, polystyrene, engineered polymers and others. The others sector consists of polysulfone, PEEK, polyimide, PMMA, etc.

Some of the applications have been explained above. Other application sectors of the plastic compounding market include manufacturing equipment, client goods, fabrics and toys. Rising demand for plastic compounding in these sectors is also anticipated to drive the demand for the market.

The regional sectors include Asia Pacific, rest of the world, Europe and North America.


The products market was dominated by olefins in 2013. Olefins are a primary product utilized in compounding. They occupied more than 50 percent of the volume in the plastic compounding market that year. Increased demand for polyethylene, specifically LDPE, in the sectors of conveyance and packaging has been a principle factor, positively affecting the growth of olefins.

Huge demand for polypropylene in electrical and vehicular constituents has invited more demand for olefins in the past. Positive approach towards oil extraction and drilling operations is also anticipated to drive the demand for olefins compounding over the forecast phase. PET is estimated to witness huge demand during the forecast period.

The applications plastic compounding market was dominated by automotives. Flowing demand for high performance and lightweight automobiles in client sectors is also estimated to steer the market ahead. The regions market was leaded by Asia Pacific in 2014. It captured more than 45 percent of the volume in the plastic compounding market.

Quick urbanization and rising population have boosted the fiscal conditions of India and China. The main industries of construction, automotives, client devices and electrical and electronics have experienced fast development. This has caused increased utilization of plastics in these industries and steered the sales of the plastic compounding market.

Plastic Compounding Market

Information Source: Grand View Research

Plastics Polymers & Resins

Phenolic Resins Market – Growth, Analysis, Trends And Forecasts, 2014 To 2020

Phenolic resins are synthetic polymers. They are acquired when substituted phenol or phenol reacts with formaldehyde. Phenolic resins possess good resistance to heat and high mechanical strength. They also are flame retardants, mix with other polymers to deliver high performance and emit less smoke. These features work in support of the phenolic resins market. They also assist the utilization of phenolic resins in molding composites, insulation, laminates, wood adhesives and other applications.

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The worldwide phenolic resins market is estimated to expand at a CAGR of around 5.7 percent during 2014 to 2019. It is predicted to observe an income of about USD 19 billion by the end of the said period. Augmented demand for phenolic resins also owes to prospects in the expanding industries of residential and construction in emergent regions. The phenolic resins market experienced considerable expansion in the past. It is likely to progress further through the forecast phase.

Phenolic resins also possess low poisonousness. They are growingly utilized in fire retardant substances in vital aircraft and automotive constituents. Thus, increased usage of fire retardant substances is also estimated to augment the phenolic resins market further. As crude oil is a prime raw material for the manufacture of phenolic resins, price instability has a direct effect on the market. Environmental policies related to formaldehyde ejections are estimated to obstruct the flow of the phenolic resins market.

Categories And Leaders

The phenolic resins market is segmented on account of three categories. These include applications, products and regions. The applications market meets the demands of the sectors of automotives, construction, and aerospace. This happens via the utilization of phenolic resins in laminates, insulation, wood adhesives and molding composites. Wood adhesives rose as the leader of the applications sector in 2013.

This was on account of augmented utilization of phenolic resins in the sticking together of particleboard and plywood. Molding composites are estimated to expand at the swiftest pace during the forecast period. These composites are utilized in different vehicular parts. The parts include cooling systems, air supply system brakes, suspensions, fuel systems and power train.

Rising demand for phenolic resins in such automobile parts also drives major demand for the phenolic resins market. Thus, further expansion in the sector of automobiles is also likely to drive the growth of this market. The products market is divided further in view of novolac resins and resol resins. Resol resins occupied most of the shares in the phenolic resins market in 2013.

This was on the strength of rising demand for phenolic resins in laminates and wood adhesion applications. Noticeable demand for phenolic resins in the production of oriented strand boards and engineered laminated composite lumber is predicted to add extra income to the resol resins market through the forecast phase. Novolac resins would experience profits in the phenolic resins market in the coming six years.

This would be on account of their capacity to mold simply. The regions phenolic resins market was leaded by Asia Pacific in 2013. It was on account of growing utilization of molding composites in India and China.

Phenolic Resins Market

Information Source: Grand View Research