Construction to Drive US Custom Thermoplastic Compounding Market Growth to 2017, Says a New Research Report at ReportsnReports.com
“Custom Thermoplastic Compounding to 2017” covers the US market for custom thermoplastic compounding. Historical (2002, 2007, and 2012) data and forecasts for the years 2017 and 2022 are presented by resin type and market.
Dallas, TX (PRWEB) February 24, 2013
US demand for custom compounded thermoplastics is forecast to surpass 11 billion pounds in 2017, valued at over $14 billion (resin content only). The total value of custom thermoplastic compounding, including resins, additives, fillers, and other production costs, will reach more than $18 billion at that time. Advances will be fueled by ongoing efforts among custom compounders to develop new and innovative products that will broaden the range of applications for thermoplastics, making them more competitive with alternative materials.
Advances will also be propelled by strong growth in the large construction and motor vehicle markets, which are expected to rebound from the 2007-2009 recession. The expansion of the construction and motor vehicle industries will also promote demand in the wire and cable sector, where thermoplastics serve as insulation and/or jacketing. In the consumer and institutional market for custom thermoplastic compounding, health care applications will see rapid gains, with catheters and medical devices used for drug delivery representing key areas of growth.
Construction market to offer best growth prospects
Construction is anticipated to offer the best prospects, as it was just beginning to emerge from its post-recession trough in 2012, leaving significant room for expansion going forward. Gains in the pipe and fittings segment will be supported by plastic pipe´s competitive cost structure, light weight, corrosion resistance long service life, and lower installed costs relative to competitive materials. Thermoplastic compounds also find favor in applications such as decking, fencing, siding, and windows due to a number of advantages over traditional wood products, including greater durability and lower maintenance requirements. However, pipe and siding processors frequently perform commodity compounding in-house, thus restricting opportunities for custom compounders.
Demand for thermoplastics used in motor vehicle parts and components will be driven by ongoing efforts on the part of automakers to comply with increasingly stringent fuel economy standards. This will generate demand for thermoplastics that can be used in place of metals to help reduce vehicle weight. Compounded plastics will also benefit from their durability, design flexibility, and relatively low cost. In particular, long glass fiber reinforced polypropylene (LGFPP) is making significant inroads, serving as an alternative to steel in semi-structural applications and also expanding into aesthetic and under-hood uses.
Order / Buy a copy of this report @ http://www.reportsnreports.com/Purchase.aspx?name=222762.
PVC is largest, fastest growing compounding resin
Polyvinyl chloride (PVC) represents the largest, fastest growing resin in the custom thermoplastic compounding market. Advances will be based on the dominance of PVC in the rebounding construction market, where it is widely used for pipes, fittings, and siding. Rising construction activity will also create substantial opportunities for polyethylene in areas such as pipe, decking, and vapor barriers. Healthy gains are also anticipated for polypropylene, engineering thermoplastics, and thermoplastic elastomers, with each deriving strength from the motor vehicle market, where they are valued for their ability to reduce vehicle weight and cut costs while providing enhanced aesthetics and innovative design features.
The research also covers company profiles for players in the US industry, including Accel Color, see Techmer PM, Adell Plastics Incorporated, Advanced Composites, see Mitsui Chemicals Americhem Incorporated, AMETEK Incorporated, Ampacet Corporation, Asahi Kasei Corporation, Axiall Corporation, BASF SE, Bayer AG, Berkshire Hathaway Incorporated, Celanese Corporation, Citadel Plastics Holdings Incorporated, Clariant International Limited, ColorMatrix Group, see PolyOne Dover Chemical, see ICC Industries Dow Chemical Company, Dow Corning Corporation, DuPont (EI) de Nemours, ECM Plastics, see Schulman (A.) Equistar Chemicals, see LyondellBasell Industries Exxon Mobil Corporation, Ferro Corporation, ICC Industries Incorporated, ICO, see Schulman (A.) Kraton Performance Polymers Incorporated, LANXESS AG, Lubrizol, see Berkshire Hathaway LyondellBasell Industries NV, Matrixx Group, see Citadel Plastics Holdings Mitsui Chemicals Incorporated, Multibase, see Dow Corning O´Neil Color & Compounding, see ICC Industries PolyOne Corporation, Ravago SA, RheTech Incorporated, Royal DSM NV, RTP Company, SABIC Innovative Plastics US, see Saudi Basic Industries Saudi Basic Industries Corporation, Schulman (A.) Incorporated, Shin-Etsu Chemical Company Limited, Shintech, see Shin-Etsu Chemical Spartech Corporation, Standridge Color Corporation, Techmer PM LLC, Teknor Apex Company, 3M Company, Ticona, see Celanese Washington Penn Plastic Company Incorporated and Westchester Plastics, see AMETEK.
Explore more industry profiles @ http://www.reportsnreports.com/market-research/industry-profiles/.
ReportsnReports.com is an online market research reports library of 200,000+ in-depth studies of over 5000 micro markets. Our database includes reports by leading publishers from across the globe.
For the original version on PRWeb visit: http://www.prweb.com/releases/prwebus-custom-thermoplastic/compounding-industry/prweb10459245.htm