The Malaysia plastic compounding market is
anticipated to reach USD 1.09 billion by 2025, according to a new report by
Grand View Research, Inc. Plastic compounds have gained wide acceptance in
packaging & automotive industry owing to their advantageous characteristics
such as durability and low cost.
Malaysia offers a lucrative, cost-competitive geographic location for
investors intending to set up compounding facilities in the region. Such
manufacturers are likely to have the added advantage of advanced technologies
as well as inexpensive raw materials for product development. Innovative
compounds such as PVC based copolymers to exhibit high penetration as a result
of their non-halogenic, flame retardant & extrudable properties which makes
them ideal for industrial applications
Polypropylene (PP) dominated the market with over 27% volume share in
2015. The introduction of bio-based PP polymers is also contributing
significantly to sustainable growth in the industry. High flexural strength due
to semi-crystalline nature has made it ideal for unique applications such as
living hinges in packaging materials.
Browse full research report on Malaysia Plastic
Compounding Market: http://www.grandviewresearch.com/industry-analysis/malaysia-plastic-compounding-market
Further key findings from
the study suggest:
- PET is
expected to emerge as the fastest growing product with over 7.4% CAGR on
account of its high thermal & chemical resistance, light weight, low
production cost and excellent durability
- The emergence
of a strong middle class and subsequent rise in demand for consumer goods
has driven plastics consumption in the packaging sector
- Innovations
focusing on closure improvement to enhance safety features in consumer
packages to be a prime driver for the packaging segment
- The
electrical & electronics segment is expected to exhibit steady growth
rate of 5.9% as a result of numerous expansion & diversification
projects in the semiconductor industry, leading to high polymer
consumption in insulative devices
- Rising
consumer awareness regarding the benefits of low weight & fuel
efficient polymers in vehicles is also projected to positively impact
growth in the automotive segment
- Global
companies are increasingly investing in Malaysia by boosting their
existing production capacities & introducing new products. In January
2016, Polyplastics invested in expanding their compounding capacity by
nearly 35 kilo tons
- Influential
companies operating in this market include Polyplastics Asia Pacific Sdn
Bhd, Melchers Malaysia, BASF Sdn Bhd, The Inabata Group, Helistrom Sdn
Bhd, Compounding and Coloring Sdn Bhd, Eveready Manufacturing Pte Ltd.
companies among others
Grand View Research has segmented the Malaysia plastic compounding market
on the basis of product and end-use:
Malaysia Plastic Compounding
Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Polyethylene
(PE)
- Polypropylene
(PP)
- Thermoplastic
Vulcanizates (TPV)
- Thermoplastic
Polyolefin (TPO)
- Polyvinyl
Chloride (PVC)
- Polyethylene
Terephthalate (PET)
- Polybutylene
Terephthalate (PBT)
- Polyamides
(PA)
- Polycarbonates
(PC)
- Acrylonitrile
Butadiene Styrene (ABS)
- Others
Malaysia Plastic Compounding
End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
- Automotive
- Construction
- Electrical
& Electronics
- Packaging
- Consumer
Goods
- Industrial
Machinery
- Medical
devices
- Aerospace
- Others
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: http://www.grandviewresearch.com
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