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.
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:
- 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
Highlights of The Plastic 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:
- PP Compounds
- PE Compounds
- PVC Compounds
- PA Compounds
- Others
- By Application:
- Automotive
- Building & Construction
- Electronics & Appliances
- Consumer Goods
- Packaging
- Others
- 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 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
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.
The plastic compounding market is expected to grow at a compound annual growth rate of 5.8%.
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
