North American market for thermoplastic compounds to register CAGR of 2.4% over the next five years

25-Mar-16

The North American market for thermoplastic compounds reached 87.33 bln lbs in 2014. This market is expected to grow from 88.78 bln lbs in 2015 to 100.2 bln lbs by 2020, registering a compound annual growth rate (CAGR) of 2.4% over the next five years, as per BCC Research. Resin producers as a segment will increase from 50.91 bln lbs in 2015 to 56.33 bln lbs by 2020, increasing at a CAGR of 2.0% from 2015 through 2020. Processors as a segment will grow from 30.59 bln lbs in 2015 to 35.60 bln lbs in 2020 increasing at a 3.1% CAGR for the period 2015-2020.