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Polyethylene Terephthalate (PET) Compounding is a process of combining PET resin with other materials to create a new material with improved properties. This process is used in the plastics industry to create materials with specific characteristics, such as increased strength, improved heat resistance, and improved chemical resistance. The PET Compounding market is driven by the increasing demand for PET-based products in various industries, such as automotive, packaging, and consumer goods. The growing demand for lightweight and durable materials is also driving the market.
The PET Compounding market is highly competitive, with many companies offering a wide range of products. Some of the major players in the market include BASF SE, DowDuPont, LyondellBasell Industries, SABIC, and Eastman Chemical Company. Show Less Read more