Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Plastic Compounding Market by Type (PP Compounds, PE Compounds, PVC Compounds, PA Compounds, Others), By Application (Automotive, Building & Construction, Electronics & Appliances, Consumer Goods, Packaging, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Plastic Compounding Market by Type (PP Compounds, PE Compounds, PVC Compounds, PA Compounds, Others), By Application (Automotive, Building & Construction, Electronics & Appliances, Consumer Goods, Packaging, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 144056 3300 Chemical & Material 377 242 Pages 4.8 (39)
                                          

Market Overview:


The global plastic compounding market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for plastic compounds from various end-use industries, such as automotive, building & construction, electronics & appliances, consumer goods, packaging and others. In terms of type, PP compounds are expected to dominate the market during the forecast period owing to their properties such as high strength-to-weight ratio and chemical resistance. In terms of application, automotive is expected to be the largest segment due to its growing demand for lightweight vehicles across the globe.


Global Plastic Compounding Industry Outlook


Product Definition:


plastic compounding is the process of mixing two or more plastics together to create a new, custom plastic. this can be done for a variety of reasons, including improving the strength, durability, or appearance of the plastic.


PP Compounds:


PP compounds are polypropylene compounds and it is a rigid, clear plastic with excellent chemical & mechanical properties. PP Compounds have the ability to be processed at much higher temperatures than other plastics; this gives them unique properties such as high rigidity, dimensional stability and resistance to hydrocarbons (HC).


PP compound has been used in various industries including automotive, construction chemicals packaging and electrical appliances.


PE Compounds:


Polyethylene Compounds (PE) are a group of plastics with the chemical formula as C-H-CH2-CH2-, where “C” is carbon and “H” is hydrogen. PE compounds are produced when ethylene and oxygen combine. It can also be derived from crude oil by catalytic cracking of ethane in the presence of oxygen.


Application Insights:


Automotive was the largest application segment in 2017 and is projected to grow at a CAGR of XX% over the forecast period. Automotive parts are mainly manufactured using plastics due to their lightweight properties, high strength, low cost and better durability compared to metals and other engineering materials.


The automotive industry uses plastic compounds in various components as they provide benefits such as lower weight & cost compared to metal counterparts while offering similar performance characteristics. They are also easier to manufacture & install which further boosts their demand from this sector over the forecast period.


Regional Analysis:


Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is also anticipated to register a significant CAGR from 2018 to 2030 owing to rapid industrialization, improving economic conditions, and rising population in emerging countries such as China, India, Indonesia, Vietnam among others.


The Asia Pacific economy has been growing at a steady pace since 2010 with major economies such as China and India contributing significantly towards regional growth. The positive outlook of the manufacturing sector coupled with increasing foreign investments in these regions are some of the key factors that are projected to drive demand for plastics compounds over the forecast period.


North America accounted for more than 15% share of total revenue in 2017 due primarily on building & construction application segment which includes residential buildings along with non-residential buildings including hospitals/schools/universities among others across U.S.


Growth Factors:


  • Increasing demand from end-use industries such as automotive, construction, and packaging
  • Rising awareness about the benefits of plastic compounds over traditional materials
  • Technological advancements in compounding processes that improve product quality and performance
  • Growing demand for lightweight and eco-friendly plastics compounds
  • Expansion of global manufacturing base, especially in developing countries

Scope Of The Report

Report Attributes

Report Details

Report Title

Plastic Compounding Market Research Report

By Type

PP Compounds, PE Compounds, PVC Compounds, PA Compounds, Others

By Application

Automotive, Building & Construction, Electronics & Appliances, Consumer Goods, Packaging, Others

By Companies

LyondellBasell, SABIC, BASF, Solvay, DowDuPont, RTP, Mitsui Chemicals, ExxonMobil, Mexichem, Westlake Chemical, Chevron Phillips Chemical, Ineos Styrolution, Total Petrochemicals, Chi Mei Corporation, Trinseo, Shanghai PRET Composites, Kingfa, Kkalpana Industries, CNPC, SINOPEC

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

242

Number of Tables & Figures

170

Customization Available

Yes, the report can be customized as per your need.


Global Plastic Compounding Market Report Segments:

The global Plastic Compounding market is segmented on the basis of:

Types

PP Compounds, PE Compounds, PVC Compounds, PA Compounds, Others

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, Building & Construction, Electronics & Appliances, Consumer Goods, Packaging, Others

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:

  1. LyondellBasell
  2. SABIC
  3. BASF
  4. Solvay
  5. DowDuPont
  6. RTP
  7. Mitsui Chemicals
  8. ExxonMobil
  9. Mexichem
  10. Westlake Chemical
  11. Chevron Phillips Chemical
  12. Ineos Styrolution
  13. Total Petrochemicals
  14. Chi Mei Corporation
  15. Trinseo
  16. Shanghai PRET Composites
  17. Kingfa
  18. Kkalpana Industries
  19. CNPC
  20. SINOPEC

Global Plastic Compounding Market Overview


Highlights of The Plastic Compounding Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. PP Compounds
    2. PE Compounds
    3. PVC Compounds
    4. PA Compounds
    5. Others
  1. By Application:

    1. Automotive
    2. Building & Construction
    3. Electronics & Appliances
    4. Consumer Goods
    5. Packaging
    6. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Plastic 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.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Plastic Compounding Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Plastic compounding is the process of combining two or more plastic materials to create a new product. This can be done to create products with unique properties, such as increased strength or flexibility.

Some of the key players operating in the plastic compounding market are LyondellBasell, SABIC, BASF, Solvay, DowDuPont, RTP, Mitsui Chemicals, ExxonMobil, Mexichem, Westlake Chemical, Chevron Phillips Chemical, Ineos Styrolution, Total Petrochemicals, Chi Mei Corporation, Trinseo, Shanghai PRET Composites, Kingfa, Kkalpana Industries, CNPC, SINOPEC.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Plastic 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. Plastic Compounding Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Plastic Compounding Market - Supply Chain
   4.5. Global Plastic Compounding Market Forecast
      4.5.1. Plastic Compounding Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Plastic Compounding Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Plastic Compounding Market Absolute $ Opportunity

5. Global Plastic 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. Plastic Compounding Market Size and Volume Forecast by Type
      5.3.1. PP Compounds
      5.3.2. PE Compounds
      5.3.3. PVC Compounds
      5.3.4. PA Compounds
      5.3.5. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Plastic 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. Plastic Compounding Market Size and Volume Forecast by Application
      6.3.1. Automotive
      6.3.2. Building & Construction
      6.3.3. Electronics & Appliances
      6.3.4. Consumer Goods
      6.3.5. Packaging
      6.3.6. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Plastic 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. Plastic 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 Plastic 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. Plastic 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 Plastic Compounding Demand Share Forecast, 2019-2026

9. North America Plastic 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 Plastic 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 Plastic Compounding Market Size and Volume Forecast by Application
      9.4.1. Automotive
      9.4.2. Building & Construction
      9.4.3. Electronics & Appliances
      9.4.4. Consumer Goods
      9.4.5. Packaging
      9.4.6. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Plastic Compounding Market Size and Volume Forecast by Type
      9.7.1. PP Compounds
      9.7.2. PE Compounds
      9.7.3. PVC Compounds
      9.7.4. PA Compounds
      9.7.5. Others
   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 Plastic Compounding Demand Share Forecast, 2019-2026

10. Latin America Plastic 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 Plastic 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 Plastic Compounding Market Size and Volume Forecast by Application
      10.4.1. Automotive
      10.4.2. Building & Construction
      10.4.3. Electronics & Appliances
      10.4.4. Consumer Goods
      10.4.5. Packaging
      10.4.6. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Plastic Compounding Market Size and Volume Forecast by Type
      10.7.1. PP Compounds
      10.7.2. PE Compounds
      10.7.3. PVC Compounds
      10.7.4. PA Compounds
      10.7.5. Others
   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 Plastic Compounding Demand Share Forecast, 2019-2026

11. Europe Plastic 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 Plastic 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 Plastic Compounding Market Size and Volume Forecast by Application
      11.4.1. Automotive
      11.4.2. Building & Construction
      11.4.3. Electronics & Appliances
      11.4.4. Consumer Goods
      11.4.5. Packaging
      11.4.6. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Plastic Compounding Market Size and Volume Forecast by Type
      11.7.1. PP Compounds
      11.7.2. PE Compounds
      11.7.3. PVC Compounds
      11.7.4. PA Compounds
      11.7.5. Others
   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 Plastic Compounding Demand Share, 2019-2026

12. Asia Pacific Plastic 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 Plastic 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 Plastic Compounding Market Size and Volume Forecast by Application
      12.4.1. Automotive
      12.4.2. Building & Construction
      12.4.3. Electronics & Appliances
      12.4.4. Consumer Goods
      12.4.5. Packaging
      12.4.6. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Plastic Compounding Market Size and Volume Forecast by Type
      12.7.1. PP Compounds
      12.7.2. PE Compounds
      12.7.3. PVC Compounds
      12.7.4. PA Compounds
      12.7.5. Others
   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 Plastic Compounding Demand Share, 2019-2026

13. Middle East & Africa Plastic 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 Plastic 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 Plastic Compounding Market Size and Volume Forecast by Application
      13.4.1. Automotive
      13.4.2. Building & Construction
      13.4.3. Electronics & Appliances
      13.4.4. Consumer Goods
      13.4.5. Packaging
      13.4.6. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Plastic Compounding Market Size and Volume Forecast by Type
      13.7.1. PP Compounds
      13.7.2. PE Compounds
      13.7.3. PVC Compounds
      13.7.4. PA Compounds
      13.7.5. Others
   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 Plastic Compounding Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Plastic Compounding Market: Market Share Analysis
   14.2. Plastic Compounding Distributors and Customers
   14.3. Plastic Compounding Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. LyondellBasell
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. SABIC
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. BASF
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. Solvay
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. DowDuPont
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. RTP
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. Mitsui Chemicals
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. ExxonMobil
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Mexichem
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Westlake Chemical
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Chevron Phillips Chemical
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Ineos Styrolution
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. Total Petrochemicals
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Chi Mei Corporation
         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. Shanghai PRET Composites
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. Kingfa
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Kkalpana Industries
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. CNPC
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. SINOPEC
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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