Malaysia Plastic Compounding Market Overview and Trends Forecast 2014 - 2025
The Malaysia plastic compounding market is anticipated to reach USD 1.09 billion by 2025, according to a new report by Radiant insights, 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 fl...