The Malaysia plastic compounding market is anticipated to reach USD 1.09 billion by 2025. 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.
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.
- Polyplastics Asia Pacific Sdn Bhd
- Melchers Malaysia
- Helistrom Sdn Bhd
- BASF Sdn Bhd
- Sheng Foong Plastic Industries Sdn Bhd
- The Inabata Group
- Compounding and Coloring Sdn Bhd
- Eveready Manufacturing Pte Ltd.
- Sin Yong Guan & Co.
Key Topics Covered:
1 Methodology and Scope
2 Executive Summary
3 Variables, Trends & Scope
4 Product Estimates & Trend Analysis
5 End-Use Estimates & Trend Analysis
6 Competitive Landscape
7 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/rgfsp2/malaysia_plastic