Turkey Automotive Plastic Compounding Market By Players, Regions And Applications by 2028

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Turkey Automotive Plastic Compounding Market By Players, Regions And Applications by 2028

Turkey Automotive Plastic Compounding Industry Overview

The Turkey automotive plastic compounding market size was valued at USD 290.9 million in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028.

The market is projected to witness significant growth over the forecast period owing to the rising adoption of lightweight composites in automotive components to foster fuel savings. However, the recent outbreak of COVID-19 has severely affected automotive production in Turkey due to factory shutdowns from January to April 2020. This has negatively influenced the consumption of automotive plastics and their production dynamics.

The Turkish chemicals and plastics industry display significant growth potential both from domestic and international markets. Average per capita plastics consumption in the region is relatively lower than the rest of the EU, which offers significant investment opportunities for automotive plastic compounders. The Turkish automotive industry is also growing at a rapid pace with leading automobile manufacturers such as Ford, Toyota, Volkswagen, and Hyundai operating in the market.

Gather more insights about the market drivers, restrains and growth of the Turkey Automotive Plastic Compounding Market

According to PAGEV (Turkish Plastic Industry Association) data, the Turkish economy was contracted by 2.4% in the first quarter and 1.5% in the second quarter of 2019. This led to a contraction in domestic demand, where industrial production slowed down, and a decrease in industrial capacity utilization negatively impacted the private sectors. In terms of domestic plastic consumption, in the first nine months of 2019, the plastics sector witnessed a 10% decrease on a value basis as compared to 2018. Moreover, automotive production was decreased by 6% in 2019.

Browse Through Grand View Research's Plastics, Polymers And Resins Industry Research Reports.

• Medical 3D Printing Plastics Market: The global medical 3D printing plastics market size was valued at USD 265.4 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 26.2% from 2021 to 2028. The growing aging population, increasing healthcare awareness, and the COVID-19 pandemic situation are some of the major factors driving the market for medical 3D printing plastics.

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Turkey Automotive Plastic Compounding Market Segmentation

Grand View Research has segmented the Turkey automotive plastic compounding market based on product and application:

Turkey Automotive Plastic Compounding Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Acrylonitrile butadiene styrene (ABS)

• Polypropylene (PP)

• Polyurethane (PU)

• Polyvinyl Chloride (PVC)

• Polyethylene (PE)

• Polycarbonate (PC)

• Polyamide (PA)

• Thermoplastic Elastomer (TPE)

• Others

Turkey Automotive Plastic Compounding Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)

• Instrument Panels

• Powertrain

• Door Systems

• Interior Components

• Exterior Fascia

• Under-the-hood

• Others

Key Companies profiled:

Some prominent players in the Turkey Automotive Plastic Compounding Market include

• EPSAN

• LANXESS

• PolyOne Corporation

• LyondellBasell Industries Holdings B.V.

• SABIC

Order a free sample PDF of the Turkey Automotive Plastic Compounding Market Intelligence Study, published by Grand View Research.

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The major players in the plastic compounding market include BASF SE, Lyondellbasell Industries N.V., Dow, Inc., DuPont, SABIC, Asahi Kasei Plastics, Covestro AG, Kuraray Plastics Co., Ltd.

This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Plastic Compounding Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/plastic-compounding-market/download-sampleMarket DynamicsThe global plastic compounding market is forecasted to grow at a robust rate during the forecast period.

Industries widely adopt plastic due to its attractive features, properties, easy molding, and ability to form the desired shape.

Plastic is increasingly being replaced by glass, metals, wood, natural rubber, and concrete.

The rising trend of lightweight across the automotive and aerospace industry is foreseen to create new opportunities for the market.

(U.S Plastic Compounding Market) 2022 Strategic And Tactical Decision-Making Support With Risk Side Analysis

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com/sample/665159To explore market potential, Plastic Compounding Market report is segmented by type and application of product. com/discount/665159Global Plastic Compounding Market research report contains:Closest approximations of the revenues for the overall Plastic Compounding market and the sub-segments across different verticals and regions. Latest developments, Global Plastic Compounding market shares, and strategies employed by the major market players. What strategies have Plastic Compounding market players applied to gain a competitive edge? What opportunities does the market hold for the prominent market players Contact US:(US) +1-214-272-0393(UK) +44-20-8133-9198Email: info@reportsinsights.

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