Plastic Compounding Industry Forecasted to Reach $133.08 Billion by 2032

As per the report published by The Brainy Insights, the global market is expected to grow from USD 65.42 Billion in 2022 to USD 133.08 Billion by 2032, at a CAGR of 7.36% during the forecast period 2023-2032. North America is predicted to grow fastest during the forecast period, with a CAGR of 9.47%. Product demand is predicted to rise throughout the forecast period due to rapid infrastructure development in the United States and Mexico. Government efforts to rehabilitate the housing sector will likely benefit the construction industry. The North American market is expected to be driven by reconstruction activities in the United States and infrastructure development in Canada and Mexico as a result of expanding industrialisation over the projected period.