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Independently compounded thermoplastic resin demand in the US is projected to increase 4.3 percent annually to 6.7 billion pounds in the year 2002, valued at $5.5 billion (resin content only).

Independently compounded thermoplastic resin demand in the US is projected to increase 4.3 percent annually to 6.7 billion pounds in the year 2002, valued at $5.5 billion (resin content only). Total compounding value, including resins, additives, fillers and other production costs, will approach $12 billion. Growth stimulants include needs for higher performance materials and the cost and performance advantages of custom tailored compounds compared to wood, metal and other materials. Independent compounders, advantageously served by their technical expertise, rapid turnaround times and the ability to service smaller orders, will continue to account for about eight percent of total thermoplastics demand. These and other trends are presented in Thermoplastic Compounding by Independents, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

Demand for independently compounded polyvinyl chloride is forecast to increase four percent yearly to two billion pounds in the year 2002, based on the resin's low cost, diverse uses and advantages over wood and metal in large volume applications such as siding. Independently compounded engineered plastics demand will grow 4.8 percent per annum to 1.4 billion pounds in the year 2002 as traditional materials are replaced in structural or more strenuous applications. Advantages of engineered thermoplastic compounds include better strength and dimensional stability, as well as lower maintenance costs than alternative materials. Thermoplastic elastomer demand will exhibit the best growth due to heightened use in consumer and motor vehicle applications based on the material's compressibility, flexibility and energy absorption traits.

Construction markets for independents will grow 4.4 percent per annum to 1.8 billion pounds in the year 2002 as a result of thermoplastic compound advantages over wood and metal in such uses as pipe and siding. Further growth will be constrained by strong captive compounding activity by resin producers. Motor vehicles will exhibit the best growth prospects as manufacturers seek to lower component cost and maintenance requirements while enhancing fuel efficiency. Consumer and medical markets will also be driven by needs to enhance performance and lower costs in diverse consumer, medical and appliance applications.

Thermoplastic Compounding by Independents (published 6/98, 207 pages) is available for $3400 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, Ohio 44143-2326. For further details, please contact Corinne Gangloff by phone (440) 684-9600, fax (440) 646-0484 or e-mail at pr@freedoniagroup.com. Full text is also available online through commercial database companies and the www.freedoniagroup.com Web site.

If information in this release is used in an article, please attribute information from this news release to The Freedonia Group, Inc. (Cleveland, OH) and include, if possible, the price of the report. We would also appreciate (at your convenience) a copy of the article or publication in which we appear.
COPYRIGHT 1998 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Cente
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998 Gale, Cengage Learning. All rights reserved.

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Publication:Research Studies - Freedonia Group
Date:Jun 1, 1998
Words:458
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