North American Plastics Compounding Market To Reach Nearly 102.36 Billion Lbs By 2018

November 20, 2013

Plastic compounding of raw resins is a critical step in the commercial production of plastic products for the automotive, consumer electronics, and appliance industries. Indeed, compounding improves the quality and performance of resins and can lead to the development of higher performing substances. Continued R&D spending, a steadily improving economy, and rising demand for the development of environmentally safe resins will drive growth in this market over the next five years.

BCC Research provides an in-depth analysis of the North American market for compounded thermoplastic resins through its report The Plastics Compounding Market. According to the report, this market reached 89.82 billion lbs in 2012 and is expected to grow to 90.92 billion lbs in 2013. BCC Research projects the market to grow to nearly 102.36 billion lbs by 2018, and register a five-year compound annual growth rate of 2.4% from 2013 to 2018.

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Use this report to:

  • Gain an overview of the plastics compounding market.
  • Analyze global market trends, with data from 2012, estimates for 2013, and projections of CAGRs through 2018.
  • Evaluate coverage of the major thermoplastic resins and thermoplastic elastomers; the resins include high-density polyethylene, low-density polyethylene, linear low-density polyethylene, polypropylene, polystyrene, and engineering thermoplastics.
  • Assess key plastics additives used in plastics compounding and advances in plastics compounding machinery/equipment.
  • Review comprehensive company profiles of major players in the industry.

To order your copy of this report or to download the complimentary introduction chapter click here.

 


Price stabilization of bioplastics expected in 2015

December 2, 2008

Producers and packaging associations claim improvements to cost, performance and moisture barrier properties of bioplastics as well as more investment in sorting technology to prevent contamination of recycling waste streams will enable the industry to compete more effectively with conventional plastics.

Bioplastics are a form of plastics derived from renewable biomass sources, such as vegetable oil, corn starch or pea starch. However, many are reliant on fossil fuel-derived energy for their manufacturing.

Christophe Doukhi de Boissoudy, president of the Club des Bioplastiques, told attendees at the conference section of the Emballage 2008 trade show that the development of bioplastics for food and drink packaging has been hindered due to the fact that they are costlier to produce than petroleum based plastics.

He predicts that with more investment in R&D to enable the fine tuning of bioplastics so ensure they become technologically and environmentally competitive this cost gap with petroleum-based plastics will be drastically reduced.

Doukhi de Boissoudy added that producers of bioplastic packaging are aiming for price stabilization by 2015.

Market predictions

Meanwhile, the BCC research group said that the market for biodegradable plastics, in terms of volume, reached 541 million lbs in 2007, and is expected to reach 1.2 billion lbs by 2012.

And market analysts, Freedonia, predicts that natural polymer demand will grow 7.1 per cent annually to $4bn in 2012, with expansion due in part to improved production technologies for materials such as PLA.

The group said that PLA will see significant growth in packaging areas such as thermoformed containers.

Non-food sources

Communication spokesperson for European Bioplastics, to Melanie Gentzik, told FoodProductionDaily.com that while bioplastics have no impact on the current food supply and availability situation, technical solutions to use mainly non-food crops in their manufacturer are under investigation or already in use.

She called for all parties involved in their production to support sustainable development of bioplastics, and to take into account that no raw material has unlimited availability and therefore the most efficient use of resources must be achieved.

“Bioplastics should be regarded as a solution to promote sustainable development and not as a threat to it,” said Gentzik.

Degradation

Most bioplastics will only degrade in the tightly controlled conditions of commercial composting units. An internationally agreed standard, EN13432, defines how quickly and to what extent a plastic must be degraded under commercial composting conditions for it to be called biodegradable.

There is no standard applicable to home composting conditions for bioplastics.

Italian bioplastic manufacturer Novamont said that that producing one kilogram of its starch-based product uses 500g of petroleum and consumes almost 80 per cent of the energy required to produce a traditional polyethylene polymer.

And environmental data from NatureWorks, manufacturer of PLA bioplastic, says that making its plastic material delivers a fossil fuel saving of between 25 and 68 per cent compared with polyethylene, in part due to its purchasing of renewable energy certificates for its manufacturing plant.

According to the company, its PLA can be physically recycled, composted through industrial processes, incinerated via waste to energy systems, and also chemically recycled back into its base monomer unit of lactic acid.¹

¹Jane Byrne, Food Production Daily

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Polymer sorbents market to swell

August 8, 2008

The global market for polymer sorbent technology was worth $3.8bn in 2007, according to markets analysis firm BCC Research.

This is expected to increase to $4.2bn in 2008, and by 2013 the market should be worth over $7.0bn – a compound annual growth rate of 11.0%.

The US research group said consumption and revenue growth for polymer sorbents are being driven primarily by the utilisation of these materials within the consumer/personal hygiene segment.

This segment manufactures baby and toddler diapers, feminine napkins, and adult incontinence pads.

In 2008 almost 72.0% of global revenues, corresponding to approximately $3.0bn, will be generated by the consumer applications segment, BCC expects.

Applications for life sciences will represent the second largest segment in 2008, with total revenues of $555.0m or 13.3% of the total market.

By weight, a total of 1.45 million tonnes of polymer sorbents was produced in 2006, increasing to 1.53 million tonnes in 2007, and reaching an estimated 1.62 million tones by the end of 2008.

This is expected to reach 1.97 million tonnes by the end of 2013, a growth rate of 4.1% annually. Consumption is rising at a slower rate compared to revenues, as a result of continuous unit price increases for these materials. This is due to higher prices for raw materials, which are petroleum based.

BCC said that while unit prices for these products are estimated to continue rising during the next five years, primarily as a consequence of rising oil prices, consumption is projected to grow at a slower pace, due to various factors.

These include: an overall reduction in the growth of sales of personal hygiene products (in particular children’s diapers); the introduction of materials characterised by higher absorbency, which can be used in smaller quantities; and increasing market penetration of non-synthetic, biodegradable superabsorbent polymers.¹

¹David Eldridge; PRW.com

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Down-sizing trend driving US rigid food packaging

July 22, 2008

The trend towards smaller, more portable beverage and prepared food containers will play a large part in the increased use of plastics in rigid food packaging in the US market, according to a new report from BCC Research

¹Jane Byrne, Food Production Daily

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North American Rigid Plastic Food Packaging Forecast

July 17, 2008

The North American market for plastic rigid food packaging will surpass 6.2 mln tons in 2008, as per a report by BCC Research. The market is forecast to increase to over 17.2 billion pounds in 2013, at a compounded annual growth rate of 4.7%.¹

¹Plastemart.com

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PET leads food package growth in North America

July 15, 2008

The North American market for plastic rigid food packaging will exceed 13.7 billion pounds (6.2 million tonnes) in 2008, according to a report by BCC Research. The market is forecast to increase to over 17.2 billion pounds in 2013, at a compound annual growth rate of 4.7%.¹

¹PRW.com

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Solar Power’s New Style

June 13, 2008

Mike Gering, CEO of the start-up Global Solar, picks his way along his factory floor, tracing the convoluted path that his thin-film solar panels follow from birth to shipping truck. The raw materials the workers carry are ultra-thin sheets of flexible plastic, which are then coated with a series of chemicals–indium, gallium, diselenide–that allows the module to turn sunlight into electricity.¹

¹Bryan Walsh, Time Magazine.

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