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.
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Malaysia plastic compounding market by product, 2014-2025 (USD Million)
Key Takeaways from the report:
Malaysia plastic compounding market share by end-use, 2015 (%)
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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)
Malaysia Plastic Compounding End-Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2025)
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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