Market Overview:
The global engineering plastics compounding market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for engineering plastics from various end-use industries, such as automotive, electrical and electronics, building and construction, packaging, industrial machinery, and medical devices. In terms of volume, high-density polyethylene (HDPE) is expected to dominate the global engineering plastics compounding market during the forecast period. HDPE is followed by linear low-density polyethylene (LLDPE) and low-density polyethylene (LDPE). Asia Pacific is expected to be the fastest growing region in this market during the forecast period.
Product Definition:
Engineering plastics compounding is the process of combining two or more polymers together to create a single product. This can be done for a number of reasons, including improving the performance or durability of the plastic, making it easier to process, or altering its color or appearance. The importance of engineering plastics compounding lies in the fact that it allows manufacturers to create products that are specific to their needs and requirements. By customizing polymers, they can create products that are better suited for their purposes and that perform better than off-the-shelf alternatives.
High-density Polyethylene:
High-density polyethylene (HDPE) is a thermoplastic polymer with high molecular weight. It has the ability to be easily processed and molded, which makes it suitable for applications such as packaging, consumer goods, construction materials and automotive components.
Linear low-density Polyethylene:
Linear low-density polyethylene (LLDPE) is a form of polyethylene that has high molecular weight and low density. It can be used as an engineering plastic in various applications due to its excellent toughness, chemical resistance, and stiffness.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to continue its dominance over the forecast period. The industry has witnessed a paradigm shift due to rising fuel prices, increasing environmental concerns, and need for sustainable transportation solutions. This trend is expected to drive demand for engineering plastics compounds that are environment-friendly.
Building & construction was one of the major applications accounting for 22% of total revenue in 2017 on account of high product usage in this sector coupled with growing infrastructure spending across various countries worldwide including China India Japan U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rapid industrialization, which has led to an increase in manufacturing activities across various industries. Moreover, rising disposable income levels are anticipated to fuel demand for automobiles and consumer electronics products, thereby driving the regional market.
The Asia Pacific was followed by Europe with a share of 25.0%. Growing automotive production coupled with construction activities is likely to drive this regional market over the forecast period.
North America accounted for a significant share owing high consumption of engineering plastics compounding in UAVs and aerospace components production along with growing demand from other end-use industries such as packaging.
Growth Factors:
- Increasing demand from automotive and electrical & electronics industries
- Growing demand for lightweight and durable engineering plastics
- Rising popularity of composites in various end-use applications
- Technological advancements in compounding processes
- Growing investments by key players in research and development
Scope Of The Report
Report Attributes
Report Details
Report Title
Engineering Plastics Compounding Market Research Report
By Type
High-density Polyethylene, Linear low-density Polyethylene, Low-density Polyethylene
By Application
Automotive, Electrical and Electronics, Building and Construction, Packaging, Industrial Machinery, Medical Devices
By Companies
BASF, RTP, Ravago Group, SABIC, LyondellBasell Industries Holdings, DowDuPont, Mexichem Specialty Compounds, Coperion, Adell Plastics, Sojitz, Polyvisions, Celanese, Covestro, Teknor Apex, Trinseo, Asahi Kasei, Mitsui Chemicals, KRATON CORPORATION, Kuraray America, KRAIBURG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Engineering Plastics Compounding Market Report Segments:
The global Engineering Plastics Compounding market is segmented on the basis of:
Types
High-density Polyethylene, Linear low-density Polyethylene, Low-density Polyethylene
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Electrical and Electronics, Building and Construction, Packaging, Industrial Machinery, Medical Devices
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- RTP
- Ravago Group
- SABIC
- LyondellBasell Industries Holdings
- DowDuPont
- Mexichem Specialty Compounds
- Coperion
- Adell Plastics
- Sojitz
- Polyvisions
- Celanese
- Covestro
- Teknor Apex
- Trinseo
- Asahi Kasei
- Mitsui Chemicals
- KRATON CORPORATION
- Kuraray America
- KRAIBURG
Highlights of The Engineering Plastics Compounding Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High-density Polyethylene
- Linear low-density Polyethylene
- Low-density Polyethylene
- By Application:
- Automotive
- Electrical and Electronics
- Building and Construction
- Packaging
- Industrial Machinery
- Medical Devices
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Engineering Plastics Compounding Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Engineering plastics compounding is the process of combining two or more types of engineering plastics to create a new type of plastic. This can be done to improve the properties of an existing plastic, or to create a new type of plastic that does not exist in nature.
Some of the major players in the engineering plastics compounding market are BASF, RTP, Ravago Group, SABIC, LyondellBasell Industries Holdings, DowDuPont, Mexichem Specialty Compounds, Coperion, Adell Plastics, Sojitz, Polyvisions, Celanese, Covestro, Teknor Apex, Trinseo, Asahi Kasei, Mitsui Chemicals, KRATON CORPORATION, Kuraray America, KRAIBURG.
The engineering plastics compounding market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Engineering Plastics Compounding Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Engineering Plastics Compounding Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Engineering Plastics Compounding Market - Supply Chain
4.5. Global Engineering Plastics Compounding Market Forecast
4.5.1. Engineering Plastics Compounding Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Engineering Plastics Compounding Market Size (000 Units) and Y-o-Y Growth
4.5.3. Engineering Plastics Compounding Market Absolute $ Opportunity
5. Global Engineering Plastics Compounding Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Engineering Plastics Compounding Market Size and Volume Forecast by Type
5.3.1. High-density Polyethylene
5.3.2. Linear low-density Polyethylene
5.3.3. Low-density Polyethylene
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Engineering Plastics Compounding Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Engineering Plastics Compounding Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electrical and Electronics
6.3.3. Building and Construction
6.3.4. Packaging
6.3.5. Industrial Machinery
6.3.6. Medical Devices
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Engineering Plastics Compounding Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Engineering Plastics Compounding Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Engineering Plastics Compounding Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Engineering Plastics Compounding Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Engineering Plastics Compounding Demand Share Forecast, 2019-2026
9. North America Engineering Plastics Compounding Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Engineering Plastics Compounding Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Engineering Plastics Compounding Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electrical and Electronics
9.4.3. Building and Construction
9.4.4. Packaging
9.4.5. Industrial Machinery
9.4.6. Medical Devices
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Engineering Plastics Compounding Market Size and Volume Forecast by Type
9.7.1. High-density Polyethylene
9.7.2. Linear low-density Polyethylene
9.7.3. Low-density Polyethylene
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Engineering Plastics Compounding Demand Share Forecast, 2019-2026
10. Latin America Engineering Plastics Compounding Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Engineering Plastics Compounding Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Engineering Plastics Compounding Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electrical and Electronics
10.4.3. Building and Construction
10.4.4. Packaging
10.4.5. Industrial Machinery
10.4.6. Medical Devices
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Engineering Plastics Compounding Market Size and Volume Forecast by Type
10.7.1. High-density Polyethylene
10.7.2. Linear low-density Polyethylene
10.7.3. Low-density Polyethylene
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Engineering Plastics Compounding Demand Share Forecast, 2019-2026
11. Europe Engineering Plastics Compounding Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Engineering Plastics Compounding Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Engineering Plastics Compounding Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electrical and Electronics
11.4.3. Building and Construction
11.4.4. Packaging
11.4.5. Industrial Machinery
11.4.6. Medical Devices
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Engineering Plastics Compounding Market Size and Volume Forecast by Type
11.7.1. High-density Polyethylene
11.7.2. Linear low-density Polyethylene
11.7.3. Low-density Polyethylene
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Engineering Plastics Compounding Demand Share, 2019-2026
12. Asia Pacific Engineering Plastics Compounding Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Engineering Plastics Compounding Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Engineering Plastics Compounding Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electrical and Electronics
12.4.3. Building and Construction
12.4.4. Packaging
12.4.5. Industrial Machinery
12.4.6. Medical Devices
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Engineering Plastics Compounding Market Size and Volume Forecast by Type
12.7.1. High-density Polyethylene
12.7.2. Linear low-density Polyethylene
12.7.3. Low-density Polyethylene
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Engineering Plastics Compounding Demand Share, 2019-2026
13. Middle East & Africa Engineering Plastics Compounding Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Engineering Plastics Compounding Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Engineering Plastics Compounding Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electrical and Electronics
13.4.3. Building and Construction
13.4.4. Packaging
13.4.5. Industrial Machinery
13.4.6. Medical Devices
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Engineering Plastics Compounding Market Size and Volume Forecast by Type
13.7.1. High-density Polyethylene
13.7.2. Linear low-density Polyethylene
13.7.3. Low-density Polyethylene
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Engineering Plastics Compounding Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Engineering Plastics Compounding Market: Market Share Analysis
14.2. Engineering Plastics Compounding Distributors and Customers
14.3. Engineering Plastics Compounding Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. RTP
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ravago Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SABIC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LyondellBasell Industries Holdings
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. DowDuPont
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mexichem Specialty Compounds
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Coperion
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Adell Plastics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Sojitz
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Polyvisions
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Celanese
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Covestro
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Teknor Apex
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Trinseo
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Asahi Kasei
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Mitsui Chemicals
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. KRATON CORPORATION
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Kuraray America
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. KRAIBURG
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
