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Plastic Compounding Market By Polymer Type, By End Use: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 353 Pages
  • October 2023
  • Region: Global
  • Allied Market Research
  • ID: 4828583
The global plastic compounding market was valued at $448.3 million in 2022, and is projected to reach $781.3 million by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

Plastic compounding is a process of transforming the characteristics of basic plastics and thermoplastics using a mixture of plastics and additives. Plastic compounds have superior physical properties such as wide range of conductivity, flame retardancy, wear resistance, and are light weight. These properties increase their demand in various automotive, building and construction, packaging and electrical & electronics and thus boosting the growth of the global plastic compounding market.

Growing population across the globe, rise in disposable income, and increase in consumer demand for packaged food have enhanced the packaging sector. For instance, according to a report published by the National Investment Promotion and Facilitation Agency, the packaging industry was worth over $917 billion in 2019 and is expected to reach $1.05 trillion by 2024, growing at a CAGR of 2.8%. Plastic compound products are used for making plastic containers, plastic wraps, films, and other products. Furthermore, an increase in awareness regarding hygienic and safe packaged foods has enhanced the demand for plastic compounds in the growing packaging industry. In addition, cost effective and associated chemical and mechanical properties of plastic compounds have enhanced manufacturers purchasing power for plastic compounds. This factor has escalated the demand for plastic compounds in the growing packaging industry during the forecast period.

Plastic pollution is becoming one of the most pressing environmental issues these days, owing to its disposal, decomposition, toxic chemical constituents, and other factors. Several countries such as Taiwan, Bangladesh, the UK, and China have made efforts to ban the use of various plastic compounds polystyrene, epoxy, and other products. This has set back the key manufacturers from producing plastic compounds. Furthermore, the manufacturing process of plastic compounds involves the release of several toxic chemical constituents that damages the immune system of humans. This act as one of the restraining factors in the plastic compounds market. In addition, fluctuating prices of raw crude oil, petrochemical feedstock, natural resources, and others have hampered market growth. These factors restrain consumers from purchasing plastic compounds-based products; thus, hampering the growth of the plastic compounds market.

Factors such as increasing disposable income, technological upgrades, and spurring a rise in original equipment manufacturers (OEMs) have led the automotive sector to witness significant growth. For instance, according to a report published by India Brands Equity Foundation, domestic automobile production increased by a compound annual growth rate (CAGR) of 2.36% from 2016 to 20 with 26.36 million vehicles being manufactured in India in 2020. Plastic compounds possess excellent significant properties such as high mechanical strength, thermal resistance, chemical resistance, non-toxic, non-polluting, and corrosion resistance which makes them best suited for automotive applications. Compounded plastics are used for dashboard panels, door trims, and interior upholstery, offering durability and aesthetic appeal. Engine parts, bumpers, and other exterior components often utilize reinforced plastic compounds for strength and impact resistance. These factors together are anticipated to foster the growth of the composites market during the forecast period.

The plastic compounding market is segmented on the basis of polymer type, end use, and region. By polymer type, it is categorized into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS) and expanded polystyrene (EPS), polyethylene terephthalate (PET), polyurethane (PU), acrylonitrile butadiene styrene (ABS), and other polymers. On the basis of end use industry, it is divided into automotive, building & construction, packaging, electrical & electronics, medical, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the plastic compounding market analysis from 2022 to 2032 to identify the prevailing plastic compounding market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the plastic compounding market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global plastic compounding market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
  • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
  • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

  • Product Life Cycles
  • Senario Analysis & Growth Trend Comparision
  • Supply Chain Analysis & Vendor Margins
  • Upcoming/New Entrant by Regions
  • Pain Point Analysis
  • Regulatory Guidelines
  • Historic market data
  • Import Export Analysis/Data
  • Market share analysis of players at global/region/country level
  • Per Capita Consumption Trends
  • Product Consumption Analysis

Key Market Segments

By Polymer Type

  • Polypropylene
  • Polyethylene
  • Polyvinyl Chloride
  • Polystyrene and Expanded Polystyrene
  • Polyethylene Terephthalate
  • Polyurethane
  • Acrylonitrile Butadiene Styrene
  • Other Polymers

By End Use

  • Packaging
  • Building and Construction
  • Automotive
  • Electrical and Electronics
  • Medical
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa,
  • Saudi Arabia
  • Rest of LAMEA
  • Key Market Players
  • Covestro AG.
  • Solvay
  • SABIC
  • Asahi Kasei Corporation
  • Celanese Corporation
  • BASF SE
  • Avient Corporation.
  • Kingfa Science & Technology (India) Limited
  • DuPont
  • LyondellBasell Industries Holdings B.V.
Frequently Asked Questions about the Global Plastic Compounding Market

What is the estimated value of the Global Plastic Compounding Market?

The Global Plastic Compounding Market was estimated to be valued at $448.3 million in 2022.

What is the growth rate of the Global Plastic Compounding Market?

The growth rate of the Global Plastic Compounding Market is 5.7%, with an estimated value of $781.3 million by 2032.

What is the forecasted size of the Global Plastic Compounding Market?

The Global Plastic Compounding Market is estimated to be worth $781.3 million by 2032.

Who are the key companies in the Global Plastic Compounding Market?

Key companies in the Global Plastic Compounding Market include Covestro AG., Solvay, SABIC, Asahi Kasei Corporation, Celanese Corporation, BASF SE, Avient Corporation., Kingfa Science & Technology (India) Limited, DuPont and LyondellBasell Industries Holdings B.V..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.5. Value Chain Analysis
3.6. Pricing Analysis
3.7. Regulatory Guidelines
3.8. Patent Landscape
CHAPTER 4: PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE
4.1. Overview
4.2. Polypropylene
4.3. Polyethylene
4.4. Polyvinyl Chloride
4.5. Polystyrene and Expanded Polystyrene
4.6. Polyethylene Terephthalate
4.7. Polyurethane
4.8. Acrylonitrile Butadiene Styrene
4.9. Other Polymers
CHAPTER 5: PLASTIC COMPOUNDING MARKET, BY END USE
5.1. Overview
5.2. Packaging
5.3. Building and Construction
5.4. Automotive
5.5. Electrical and Electronics
5.6. Medical
5.7. Others
CHAPTER 6: PLASTIC COMPOUNDING MARKET, BY REGION
6.1. Overview
6.2. North America
6.3. Europe
6.4. Asia-Pacific
6.5. LAMEA
6.5.4.2. South Africa,
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
8.1. Asahi Kasei Corporation
8.2. BASF SE
8.3. Celanese Corporation
8.4. Covestro AG.
8.5. Kingfa Science & Technology (India) Limited
8.6. LyondellBasell Industries Holdings B.V.
8.7. Avient Corporation.
8.8. SABIC
8.9. Solvay
8.10. DuPont
List of Tables
Table 01. Global Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 02. Global Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 03. Plastic Compounding Market for Polypropylene, by Region, 2022-2032 ($ Million)
Table 04. Plastic Compounding Market for Polypropylene, by Region, 2022-2032 (Kiloton)
Table 05. Plastic Compounding Market for Polyethylene, by Region, 2022-2032 ($ Million)
Table 06. Plastic Compounding Market for Polyethylene, by Region, 2022-2032 (Kiloton)
Table 07. Plastic Compounding Market for Polyvinyl Chloride, by Region, 2022-2032 ($ Million)
Table 08. Plastic Compounding Market for Polyvinyl Chloride, by Region, 2022-2032 (Kiloton)
Table 09. Plastic Compounding Market for Polystyrene and Expanded Polystyrene, by Region, 2022-2032 ($ Million)
Table 10. Plastic Compounding Market for Polystyrene and Expanded Polystyrene, by Region, 2022-2032 (Kiloton)
Table 11. Plastic Compounding Market for Polyethylene Terephthalate, by Region, 2022-2032 ($ Million)
Table 12. Plastic Compounding Market for Polyethylene Terephthalate, by Region, 2022-2032 (Kiloton)
Table 13. Plastic Compounding Market for Polyurethane, by Region, 2022-2032 ($ Million)
Table 14. Plastic Compounding Market for Polyurethane, by Region, 2022-2032 (Kiloton)
Table 15. Plastic Compounding Market for Acrylonitrile Butadiene Styrene, by Region, 2022-2032 ($ Million)
Table 16. Plastic Compounding Market for Acrylonitrile Butadiene Styrene, by Region, 2022-2032 (Kiloton)
Table 17. Plastic Compounding Market for Other Polymers, by Region, 2022-2032 ($ Million)
Table 18. Plastic Compounding Market for Other Polymers, by Region, 2022-2032 (Kiloton)
Table 19. Global Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 20. Global Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 21. Plastic Compounding Market for Packaging, by Region, 2022-2032 ($ Million)
Table 22. Plastic Compounding Market for Packaging, by Region, 2022-2032 (Kiloton)
Table 23. Plastic Compounding Market for Building and Construction, by Region, 2022-2032 ($ Million)
Table 24. Plastic Compounding Market for Building and Construction, by Region, 2022-2032 (Kiloton)
Table 25. Plastic Compounding Market for Automotive, by Region, 2022-2032 ($ Million)
Table 26. Plastic Compounding Market for Automotive, by Region, 2022-2032 (Kiloton)
Table 27. Plastic Compounding Market for Electrical and Electronics, by Region, 2022-2032 ($ Million)
Table 28. Plastic Compounding Market for Electrical and Electronics, by Region, 2022-2032 (Kiloton)
Table 29. Plastic Compounding Market for Medical, by Region, 2022-2032 ($ Million)
Table 30. Plastic Compounding Market for Medical, by Region, 2022-2032 (Kiloton)
Table 31. Plastic Compounding Market for Others, by Region, 2022-2032 ($ Million)
Table 32. Plastic Compounding Market for Others, by Region, 2022-2032 (Kiloton)
Table 33. Plastic Compounding Market, by Region, 2022-2032 ($ Million)
Table 34. Plastic Compounding Market, by Region, 2022-2032 (Kiloton)
Table 35. North America Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 36. North America Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 37. North America Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 38. North America Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 39. North America Plastic Compounding Market, by Country, 2022-2032 ($ Million)
Table 40. North America Plastic Compounding Market, by Country, 2022-2032 (Kiloton)
Table 41. U.S. Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 42. U.S. Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 43. U.S. Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 44. U.S. Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 45. Canada Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 46. Canada Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 47. Canada Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 48. Canada Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 49. Mexico Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 50. Mexico Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 51. Mexico Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 52. Mexico Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 53. Europe Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 54. Europe Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 55. Europe Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 56. Europe Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 57. Europe Plastic Compounding Market, by Country, 2022-2032 ($ Million)
Table 58. Europe Plastic Compounding Market, by Country, 2022-2032 (Kiloton)
Table 59. Germany Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 60. Germany Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 61. Germany Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 62. Germany Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 63. UK Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 64. UK Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 65. UK Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 66. UK Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 67. France Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 68. France Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 69. France Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 70. France Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 71. Spain Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 72. Spain Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 73. Spain Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 74. Spain Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 75. Italy Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 76. Italy Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 77. Italy Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 78. Italy Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 79. Rest of Europe Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 80. Rest of Europe Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 81. Rest of Europe Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 82. Rest of Europe Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 83. Asia-Pacific Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 84. Asia-Pacific Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 85. Asia-Pacific Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 86. Asia-Pacific Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 87. Asia-Pacific Plastic Compounding Market, by Country, 2022-2032 ($ Million)
Table 88. Asia-Pacific Plastic Compounding Market, by Country, 2022-2032 (Kiloton)
Table 89. China Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 90. China Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 91. China Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 92. China Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 93. Japan Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 94. Japan Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 95. Japan Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 96. Japan Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 97. India Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 98. India Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 99. India Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 100. India Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 101. South Korea Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 102. South Korea Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 103. South Korea Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 104. South Korea Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 105. Australia Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 106. Australia Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 107. Australia Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 108. Australia Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 109. Rest of Asia-Pacific Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 110. Rest of Asia-Pacific Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 111. Rest of Asia-Pacific Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 112. Rest of Asia-Pacific Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 113. LAMEA Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 114. LAMEA Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 115. LAMEA Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 116. LAMEA Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 117. LAMEA Plastic Compounding Market, by Country, 2022-2032 ($ Million)
Table 118. LAMEA Plastic Compounding Market, by Country, 2022-2032 (Kiloton)
Table 119. Brazil Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 120. Brazil Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 121. Brazil Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 122. Brazil Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 123. South Africa, Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 124. South Africa, Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 125. South Africa, Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 126. South Africa, Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 127. Saudi Arabia Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 128. Saudi Arabia Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 129. Saudi Arabia Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 130. Saudi Arabia Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 131. Rest of LAMEA Plastic Compounding Market, by Polymer Type, 2022-2032 ($ Million)
Table 132. Rest of LAMEA Plastic Compounding Market, by Polymer Type, 2022-2032 (Kiloton)
Table 133. Rest of LAMEA Plastic Compounding Market, by End Use, 2022-2032 ($ Million)
Table 134. Rest of LAMEA Plastic Compounding Market, by End Use, 2022-2032 (Kiloton)
Table 135. Asahi Kasei Corporation: Key Executives
Table 136. Asahi Kasei Corporation: Company Snapshot
Table 137. Asahi Kasei Corporation: Product Segments
Table 138. Asahi Kasei Corporation: Product Portfolio
Table 139. Asahi Kasei Corporation: Key Stratergies
Table 140. Basf Se: Key Executives
Table 141. Basf Se: Company Snapshot
Table 142. Basf Se: Product Segments
Table 143. Basf Se: Product Portfolio
Table 144. Celanese Corporation: Key Executives
Table 145. Celanese Corporation: Company Snapshot
Table 146. Celanese Corporation: Product Segments
Table 147. Celanese Corporation: Product Portfolio
Table 148. Covestro Ag.: Key Executives
Table 149. Covestro Ag.: Company Snapshot
Table 150. Covestro Ag.: Product Segments
Table 151. Covestro Ag.: Product Portfolio
Table 152. Covestro Ag.: Key Stratergies
Table 153. Kingfa Science & Technology (India) Limited: Key Executives
Table 154. Kingfa Science & Technology (India) Limited: Company Snapshot
Table 155. Kingfa Science & Technology (India) Limited: Product Segments
Table 156. Kingfa Science & Technology (India) Limited: Product Portfolio
Table 157. Lyondellbasell Industries Holdings B.V.: Key Executives
Table 158. Lyondellbasell Industries Holdings B.V.: Company Snapshot
Table 159. Lyondellbasell Industries Holdings B.V.: Product Segments
Table 160. Lyondellbasell Industries Holdings B.V.: Product Portfolio
Table 161. Lyondellbasell Industries Holdings B.V.: Key Stratergies
Table 162. Avient Corporation.: Key Executives
Table 163. Avient Corporation.: Company Snapshot
Table 164. Avient Corporation.: Product Segments
Table 165. Avient Corporation.: Product Portfolio
Table 166. Avient Corporation.: Key Stratergies
Table 167. Sabic: Key Executives
Table 168. Sabic: Company Snapshot
Table 169. Sabic: Product Segments
Table 170. Sabic: Product Portfolio
Table 171. Sabic: Key Stratergies
Table 172. Solvay: Key Executives
Table 173. Solvay: Company Snapshot
Table 174. Solvay: Product Segments
Table 175. Solvay: Product Portfolio
Table 176. Dupont: Key Executives
Table 177. Dupont: Company Snapshot
Table 178. Dupont: Product Segments
Table 179. Dupont: Product Portfolio
List of Figures
Figure 01. Plastic Compounding Market, 2022-2032
Figure 02. Segmentation of Plastic Compounding Market, 2022-2032
Figure 03. Top Impacting Factors in Plastic Compounding Market (2022 to 2032)
Figure 04. Top Investment Pockets in Plastic Compounding Market (2023-2032)
Figure 05. High Bargaining Power of Suppliers
Figure 06. High Threat of New Entrants
Figure 07. High Threat of Substitutes
Figure 08. High Intensity of Rivalry
Figure 09. Moderate Bargaining Power of Buyers
Figure 10. Global Plastic Compounding Market: Drivers, Restraints and Opportunities
Figure 11. Pricing Analysis: Plastic Compounding Market 2022 and 2032
Figure 12. Regulatory Guidelines: Plastic Compounding Market
Figure 13. Patent Analysis by Company
Figure 14. Patent Analysis by Country
Figure 15. Plastic Compounding Market, by Polymer Type, 2022 and 2032 (%)
Figure 16. Comparative Share Analysis of Plastic Compounding Market for Polypropylene, by Country 2022 and 2032 (%)
Figure 17. Comparative Share Analysis of Plastic Compounding Market for Polyethylene, by Country 2022 and 2032 (%)
Figure 18. Comparative Share Analysis of Plastic Compounding Market for Polyvinyl Chloride, by Country 2022 and 2032 (%)
Figure 19. Comparative Share Analysis of Plastic Compounding Market for Polystyrene and Expanded Polystyrene, by Country 2022 and 2032 (%)
Figure 20. Comparative Share Analysis of Plastic Compounding Market for Polyethylene Terephthalate, by Country 2022 and 2032 (%)
Figure 21. Comparative Share Analysis of Plastic Compounding Market for Polyurethane, by Country 2022 and 2032 (%)
Figure 22. Comparative Share Analysis of Plastic Compounding Market for Acrylonitrile Butadiene Styrene, by Country 2022 and 2032 (%)
Figure 23. Comparative Share Analysis of Plastic Compounding Market for Other Polymers, by Country 2022 and 2032 (%)
Figure 24. Plastic Compounding Market, by End Use, 2022 and 2032 (%)
Figure 25. Comparative Share Analysis of Plastic Compounding Market for Packaging, by Country 2022 and 2032 (%)
Figure 26. Comparative Share Analysis of Plastic Compounding Market for Building and Construction, by Country 2022 and 2032 (%)
Figure 27. Comparative Share Analysis of Plastic Compounding Market for Automotive, by Country 2022 and 2032 (%)
Figure 28. Comparative Share Analysis of Plastic Compounding Market for Electrical and Electronics, by Country 2022 and 2032 (%)
Figure 29. Comparative Share Analysis of Plastic Compounding Market for Medical, by Country 2022 and 2032 (%)
Figure 30. Comparative Share Analysis of Plastic Compounding Market for Others, by Country 2022 and 2032 (%)
Figure 31. Plastic Compounding Market by Region, 2022 and 2032 (%)
Figure 32. U.S. Plastic Compounding Market, 2022-2032 ($ Million)
Figure 33. Canada Plastic Compounding Market, 2022-2032 ($ Million)
Figure 34. Mexico Plastic Compounding Market, 2022-2032 ($ Million)
Figure 35. Germany Plastic Compounding Market, 2022-2032 ($ Million)
Figure 36. UK Plastic Compounding Market, 2022-2032 ($ Million)
Figure 37. France Plastic Compounding Market, 2022-2032 ($ Million)
Figure 38. Spain Plastic Compounding Market, 2022-2032 ($ Million)
Figure 39. Italy Plastic Compounding Market, 2022-2032 ($ Million)
Figure 40. Rest of Europe Plastic Compounding Market, 2022-2032 ($ Million)
Figure 41. China Plastic Compounding Market, 2022-2032 ($ Million)
Figure 42. Japan Plastic Compounding Market, 2022-2032 ($ Million)
Figure 43. India Plastic Compounding Market, 2022-2032 ($ Million)
Figure 44. South Korea Plastic Compounding Market, 2022-2032 ($ Million)
Figure 45. Australia Plastic Compounding Market, 2022-2032 ($ Million)
Figure 46. Rest of Asia-Pacific Plastic Compounding Market, 2022-2032 ($ Million)
Figure 47. Brazil Plastic Compounding Market, 2022-2032 ($ Million)
Figure 48. South Africa, Plastic Compounding Market, 2022-2032 ($ Million)
Figure 49. Saudi Arabia Plastic Compounding Market, 2022-2032 ($ Million)
Figure 50. Rest of LAMEA Plastic Compounding Market, 2022-2032 ($ Million)
Figure 51. Top Winning Strategies, by Year (2022-2023)
Figure 52. Top Winning Strategies, by Development (2022-2023)
Figure 53. Top Winning Strategies, by Company (2022-2023)
Figure 54. Product Mapping of Top 10 Players
Figure 55. Competitive Dashboard
Figure 56. Competitive Heatmap: Plastic Compounding Market
Figure 57. Top Player Positioning, 2022
Figure 58. Asahi Kasei Corporation: Net Sales, 2020-2022 ($ Million)
Figure 59. Asahi Kasei Corporation: Revenue Share by Segment, 2022 (%)
Figure 60. Asahi Kasei Corporation: Revenue Share by Region, 2022 (%)
Figure 61. Basf Se: Net Sales, 2020-2022 ($ Million)
Figure 62. Basf Se: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 63. Basf Se: Revenue Share by Segment, 2022 (%)
Figure 64. Basf Se: Revenue Share by Region, 2022 (%)
Figure 65. Celanese Corporation: Net Revenue, 2020-2022 ($ Million)
Figure 66. Celanese Corporation: Revenue Share by Segment, 2022 (%)
Figure 67. Celanese Corporation: Revenue Share by Region, 2022 (%)
Figure 68. Covestro Ag.: Net Sales, 2020-2022 ($ Million)
Figure 69. Covestro Ag.: Revenue Share by Segment, 2022 (%)
Figure 70. Covestro Ag.: Revenue Share by Region, 2022 (%)
Figure 71. Kingfa Science & Technology (India) Limited: Net Revenue, 2020-2022 ($ Million)
Figure 72. Lyondellbasell Industries Holdings B.V.: Net Revenue, 2020-2022 ($ Million)
Figure 73. Lyondellbasell Industries Holdings B.V.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 74. Lyondellbasell Industries Holdings B.V.: Revenue Share by Segment, 2022 (%)
Figure 75. Avient Corporation.: Net Sales, 2020-2022 ($ Million)
Figure 76. Avient Corporation.: Revenue Share by Segment, 2022 (%)
Figure 77. Avient Corporation.: Revenue Share by Region, 2022 (%)
Figure 78. Sabic: Net Revenue, 2020-2022 ($ Million)
Figure 79. Sabic: Revenue Share by Segment, 2022 (%)
Figure 80. Sabic: Revenue Share by Region, 2022 (%)
Figure 81. Solvay: Net Sales, 2020-2022 ($ Million)
Figure 82. Solvay: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 83. Solvay: Revenue Share by Region, 2022 (%)
Figure 84. Solvay: Revenue Share by Region, 2022 (%)
Figure 85. Dupont De Nemours, Inc.: Net Sales, 2020-2022 ($ Million)
Figure 86. Dupont De Nemours, Inc.: Research & Development Expenditure, 2020-2022 ($ Million)
Figure 87. Dupont De Nemours, Inc.: Revenue Share by Segment, 2022 (%)
Figure 88. Dupont De Nemours, Inc.: Revenue Share by Region, 2022 (%)

Executive Summary

According to the report, the plastic compounding market was valued at $448.3 million in 2022, and is estimated to reach $781.3 million by 2032, growing at a CAGR of 5.7% from 2023 to 2032.

Plastic compounding is a process in the plastics industry where various ingredients and additives are combined to create a customized plastic material with specific properties. This process involves blending polymer compounds (such as polyethylene, polypropylene, and PVC) with various additives, fillers, reinforcements, and colorants to achieve the desired characteristics, such as strength, flexibility, flame resistance, UV resistance, color, and more. Plastic compounding allows manufacturers to tailor plastics to meet specific performance criteria, making it a critical part of various industries, including automotive, construction, packaging, and consumer goods.

The growing population and increase in the use of plastic in daily life have led the plastic production sector to witness significant growth where plastic compounds is widely used during plastic production due to its mechanical and chemical capabilities. In addition, plastic compounds is added to compound scrap during the palletization or granulation process of plastic. Furthermore, data published by ISO in March 2022 shows that plastic production is expected to double by 2040 and will increase by 2.5 times by 2050.

In addition, government initiative for plastic recycling and reuse leads to enhancing the plastic compounds market. These factors are expected to act as one of the key factors responsible for the growth of the plastic compounds market. Furthermore, plastic production has become one of the major industries in the U.S., and it is expected to grow during the forecast period., For instance, according to an article published by Plastic Industry Association in September 2022, the U.S. plastics industry accounted for an estimated $432 billion in 2022 and reached $549.5 billion in 2021. This is anticipated to act as one of the key drivers which are responsible for the growth of the plastic compounds market in the plastic industry.

Plastic pollution is becoming one of the most pressing environmental issues these days, owing to its disposal, decomposition, toxic chemical constituents, and other factors. Several countries such as Taiwan, Bangladesh, the UK, and China have made efforts to ban the use of various plastic compounds polystyrene, epoxy, and other products. This has set back the key manufacturers from producing plastic compounds. Furthermore, the manufacturing process of plastic compounds involves the release of several toxic chemical constituents that damages the immune system of humans. This act as one of the restraining factors in the plastic compounds market. In addition, fluctuating prices of raw crude oil, petrochemical feedstock, natural resources, and others have hampered market growth. These factors restrain consumers from purchasing plastic compounds-based products; thus, hampering the growth of the plastic compounds market.

Factors such as increasing disposable income, technological upgrades, and spurring a rise in original equipment manufacturers (OEMs) have led the automotive sector to witness significant growth. For instance, according to a report published by India Brands Equity Foundation, domestic automobile production increased by a compound annual growth rate (CAGR) of 2.36% from 2016 to 20 with 26.36 million vehicles being manufactured in India in 2020. Plastic compounds possess excellent significant properties such as high mechanical strength, thermal resistance, chemical resistance, non-toxic, non-polluting, and corrosion resistance which makes them best suited for automotive applications. Compounded plastics are used for dashboard panels, door trims, and interior upholstery, offering durability and aesthetic appeal. Engine parts, bumpers, and other exterior components often utilize reinforced plastic compounds for strength and impact resistance. These factors together are anticipated to foster the growth of the composites market during the forecast period.

The plastic compounding market is segmented on the basis of polymer type, end use, and region. By polymer type, it is categorized into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), polystyrene (PS) and expanded polystyrene (EPS), polyethylene terephthalate (PET), polyurethane (PU), acrylonitrile butadiene styrene (ABS), and other polymers. On the basis of end use industry, it is divided into automotive, building & construction, packaging, electrical & electronics, medical, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain intense competition in the industry.

The report covers the strategies adopted by key players in the market to sustain the competitive environment and increase their market share. The key players operating in the global Plastic compounding market include Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro AG, DowDuPont Inc., Kingfa Sci. and Tech. Co., Ltd., LyondellBasell Industries Holdings B.V., Polyone Corporation, SABIC, and Solvay SA. In addition, the market drivers, restraints, and opportunities are explained in the report.

Key Findings:

On the basis of polymer type, the polypropylene segment is expected to grow at a high CAGR, in terms of revenue, during the forecast period.

Depending on end use, the packaging segment is expected to grow at a CAGR of 5.7%, in terms of revenue, during the forecast period.

Region wise, Asia-Pacific garnered a share of morethan 45% in 2022 in terms of revenue.

Companies Mentioned

  • Covestro AG.
  • Solvay
  • SABIC
  • Asahi Kasei Corporation
  • Celanese Corporation
  • BASF SE
  • Avient Corporation.
  • Kingfa Science & Technology (India) Limited
  • DuPont
  • LyondellBasell Industries Holdings B.V.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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