January 14, 2020 11:00 AM
The Southeast Asia plastic compounding market size was valued at USD 3.4 billion in 2018 and is projected to progress at a CAGR of 8.9% over the forecast period. Increasing demand for substitution for glass, metals, wood, natural rubber, and man-made materials such as concrete is anticipated to drive the market growth. Versatility and benefits of compounded plastics such as ease of molding and ability to form the desired shape are leading to its rising demand in various industrial applications in Southeast Asia.
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