The plastic compounding industry has come a long way, but its growth has not been as high as it should be. Some of the reasons are discussed in this article. It will also look at the factors that can hinder the growth of the market.
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Teknor Apex
The Teknor Apex Company is a diversified material science company that serves a wide variety of industries and markets. The company has more than a century of experience in custom compounding of plastics, chemicals, and nylons. It has 14 plants in the U.S., Thailand, and Malaysia. They serve customers in the building and construction, automotive, electrical, consumer products, and packaging industries.
As a leading global custom compounder, Teknor Apex has developed strong relationships with many of its key suppliers. In addition to its manufacturing facilities, Teknor Apex also has a number of sales offices in Korea, Thailand, Malaysia, and Singapore.
Dimex
A look at the big picture and you’ll see that Dimex has been on a roll lately. With a plethora of gizmos aplenty to wrangle with, the company has carved itself a sexier niche in the recycled plastics space. In fact, one of the largest recyclers in the country by the numbers, has an annual sales count of well over a hundred million dollars. It also happens to have a slew of top of the line gizmos and Goliath’s to boot. The company is a well oiled machine when the sun is shining, and there’s not much to nitpick from a company like this.
Polymer compounders
Polymer-compounders.com is a company that works with PVC to make it stronger and more resistant to wear and tear. It also works on customer-specific requests.
A polymer is a strand of repeated chains of molecules, with millions of molecules in each strand. They are designed to be strong, resist chemicals and elements, and are lightweight. These properties can be used in many ways, such as in building construction, transportation, and energy production.
For example, a plastic pipe can be used to transport natural gas and water. In the automobile industry, a polymer is part of the components used to build lighter vehicles.
MYTEX Polymers
MYTEX Polymers is a company in the polyolefin compounding business, with an impressive line up of products. The company is well positioned to take advantage of the ever-growing market for high performance polyolefins, and it is headquartered in Jeffersonville, Indiana. In fact, Mytex recently expanded into the state of Georgia, where it has set up warehousing and distribution facilities to support its growing clientele. It also plans to further expand with the addition of a new production line in its existing 140,000 square foot space.
MYTEX Polymers is a reputable company that prides itself on providing the highest quality polyolefin solutions available. Using a proprietary formula that mixes polymers to create the best possible formulation, it is able to offer customers an unrivaled level of quality.
HEXPOL Group
The HEXPOL Group is a global leader in the manufacture of high-performance polymer compounds. The company offers a full range of technical solutions to match the requirements of each application. In addition, it offers expertise in materials and sustainability.
In 2013, the company sold over $1.18 billion worth of products to a variety of industries. Its business areas include plastic and rubber materials for truck applications and engineered materials.
HEXPOL is listed on the OMX Nordic Stock Exchange. It employs 3,400 people in 10 countries. Throughout the world, the company is involved in the manufacture of TPE compounding, castor wheel materials, thermoplastic elastomers, gaskets and plates, and more.
KDS
Polymer compounders have many benefits, not the least of which is the ability to offer customised solutions for a variety of materials. A compounder can create new formulations, develop and optimise existing processes, or provide bespoke consulting and support services. They are also the link between the raw material manufacturer and the plastics processing industry.
For example, you can have your compounder create a process that pushes your polymer out of the extruder as fast as possible. This can mean the difference between a successful product and a failed one. Or, you can have your compounder develop a colourant that will help you save time during the FDA review process.
Factors that hinder growth of the plastic compounding market
Plastic compounding is a process that mixes several materials to create a new type of material. It is a non-malleable and durable material that is used for a wide range of applications. Typical uses include packaging, transportation, clothing, footwear, and consumer goods.
The growth of the plastic compounding market is expected to increase in the next few years due to the growing demand for fuel efficient vehicles. Furthermore, the increasing need for heat resistance will also drive growth in this industry.
The plastic compounding market is segmented into four regions. Asia Pacific dominates the market and is projected to grow significantly in the next few years. This region is sub-segmented into China, India, Japan, and Australia.
