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Plastic Compounding Market Forecast by Polymer Type, Polyethylene, Polyvinyl Chloride and End Use: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4828583
  • Report
  • Region: Global
  • 340 pages
  • Allied Analytics LLP
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The global plastic compounding market was valued at $ 565,416.7 million in 2018 and is projected to reach $ 932,330.5 million by 2026, growing at a CAGR of 6.4% from 2019 to 2026. Plastic compounding consists of a process in which plastic formulations is prepared by mixing and blending polymers and additives in a molten state. These blends are mostly copolymers such as acrylonitrile butadiene styrene, with additives that include antioxidants, UV-stabilizers and other value adding agents. Rapid industrialization as well as urbanization have increased the disposable income of individuals. The demand for automobiles is on the rise owing to growth in disposable income. Due to light weight property of plastic compounds, its usage in production of light weight vehicles is increasing. In order to increase the fuel efficiency and lower the carbon emission of the vehicle, plastic compounding is significantly applied in automobile application.

However, factors such as rise in pricing of plastic compounds due to fluctuating petrochemical and crude oil prices, are expected to hamper the growth of the global plastic compounding market. Nevertheless, ongoing development in catalyst technologies is projected to increase the performance, customization and yield of polyethylene resins, which is anticipated to offer lucrative growth opportunities to the plastic compounding market.

The plastic compounding market is segmented based on polymer type, end use, and region. Depending on polymer type, the market is classified 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. Based on end use, it is segregated into automotive, building & construction, medical, packaging, electrical & electronics, and others. Based on region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

The major players operating in the plastic compounding industry 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. Other players operating in this market include Mexichem Specialty Compounds Inc., Coperion GmbH, Adell Plastics, Inc, Sojitz Corporation, and Polyvisions Inc. These major players are adopting different strategies such as acquisition, business expansion, and collaboration to stay competitive in the global market.

KEY BENEFITS FOR STAKEHOLDERS
  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current trends and future scenario of the market from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
  • By Polymer Type
Polypropylene (PP)
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Polystyrene (PS) and Expanded Polystyrene (EPS)
Polyethylene Terephthalate (PET)
Polyurethane (PU)
Acrylonitrile Butadiene Styrene (ABS)
Others
  • By Application
Automotive
Building and construction
Aerospace
Packaging
Electrical and electronics
Others
  • By Region
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o France
o Italy
o Spain
o Rest of Europe
Asia-Pacific
o China
o Japan
o South Korea
o India
o Malaysia
o Rest of Asia-Pacific
LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top investment pockets
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.1.1. Parent Market Overview
3.2. Key Forces Shaping PLASTIC COMPOUNDING Market
3.2.1. Moderate bargaining power of suppliers
3.2.2. Moderate threat of new entrants
3.2.3. Moderate threat of substitutes
3.2.4. Moderate intensity of rivalry
3.2.5. Low bargaining power of buyers
3.3. Pricing Analysis
3.3.1. Pricing Analysis By Region, 2018 & 2026
3.4. Value Chain Analysis
3.5. Impact of government regulations on global plastic compounding market
3.6. Patent Analysis
3.6.1. By Region (2012-2018)
3.7. Case Studies
3.7.1. Case Study 01
3.7.2. Case Study 02
3.8. Market dynamics
3.8.1. Drivers
3.8.1.1. Surge in production of light weight automobiles
3.8.1.2. Surge in infrastructure development
3.8.2. Restraints
3.8.2.1. Increase in prices of plastic compounds
3.8.2.2. Harmful impact of VOCs present in the coating
3.8.3. Opportunities
3.8.3.1. Advancement in filler material technology

CHAPTER 4: PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Polypropylene
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. Polyethylene
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. Polyvinyl Chloride
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
4.5. Polystyrene & Expanded Polystyrene
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country
4.6. Polyethylene Terephthalate
4.6.1. Key market trends, growth factors and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis by country
4.7. Polyurethane
4.7.1. Key market trends, growth factors and opportunities
4.7.2. Market size and forecast, by region
4.7.3. Market analysis by country
4.8. Acrylonitrile Butadiene Styrene
4.8.1. Key market trends, growth factors and opportunities
4.8.2. Market size and forecast, by region
4.8.3. Market analysis by country
4.9. Other Polymers
4.9.1. Key market trends, growth factors and opportunities
4.9.2. Market size and forecast, by region
4.9.3. Market analysis by country

CHAPTER 5: PLASTIC COMPOUNDING MARKET, BY END USE
5.1. Overview
5.1.1. Market size and forecast
5.2. Packaging
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. Building & Construction
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.5. Automotive
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country
5.6. Electrical & Electronics
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country
5.7. Medical
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market analysis by country
5.8. Others
5.8.1. Key market trends, growth factors and opportunities
5.8.2. Market size and forecast, by region
5.8.3. Market analysis by country

CHAPTER 6: PLASTIC COMPOUNDING MARKET, BY REGION
6.1. Overview
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by polymer type
6.2.3. Market size and forecast, by end use
6.2.4. Market share analysis, by country
6.2.5. U.S.
6.2.5.1 Socio-Economic & Micro-Macro Indicators
6.2.5.2 Market size and forecast, by resin type
6.2.5.3 Market size and forecast, by end use
6.2.6. Canada
6.2.6.1 Socio-Economic & Micro-Macro Indicators
6.2.6.2 Market size and forecast, by polymer type
6.2.6.3 Market size and forecast, by end use
6.2.7. Mexico
6.2.7.1. Socio-Economic & Micro-Macro Indicators
6.2.7.2 Market size and forecast, by polymer type
6.2.7.3 Market size and forecast, by end use
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by polymer type
6.3.3. Market size and forecast, by end use
6.3.4. Market share analysis, by country
6.3.5. Germany
6.3.5.1 Socio-Economic & Micro-Macro Indicators
6.3.5.2. Market size and forecast, by resin type
6.3.5.3 Market size and forecast, by end use
6.3.6. France
6.3.6.1 Socio-Economic & Micro-Macro Indicators
6.3.6.2. Market size and forecast, by polymer type
6.3.6.3 Market size and forecast, by end use
6.3.7. Italy
6.3.7.1 Socio-Economic & Micro-Macro Indicators
6.3.7.2 Market size and forecast, by polymer type
6.3.7.3 Market size and forecast, by end use
6.3.8. SPAIN
6.3.8.1. Socio-Economic & Micro-Macro Indicators
6.3.8.2. Market size and forecast, by resin type
6.3.8.3. Market size and forecast, by end use
6.3.9. Rest of Europe
6.3.9.1 Socio-Economic & Micro-Macro Indicators
6.3.9.2 Market size and forecast, by polymer type
6.3.9.3 Market size and forecast, by end use
6.4. Asia-Pacific
6.4.1 Key market trends, growth factors, and opportunities
6.4.2 Market size and forecast, by polymer type
6.4.3 Market size and forecast, by end use
6.4.4 Market share analysis, by country
6.4.5. China
6.4.5.1 Socio-Economic & Micro-Macro Indicators
6.4.5.2 Market size and forecast, by resin type
6.4.5.3 Market size and forecast, by end use
6.4.6. Japan
6.4.6.1 Socio-Economic & Micro-Macro Indicators
6.4.6.2 Market size and forecast, by polymer type
6.4.6.3 Market size and forecast, by end use
6.4.7. South Korea
6.4.7.1 Socio-Economic & Micro-Macro Indicators
6.4.7.2 Market size and forecast, by polymer type
6.4.7.3 Market size and forecast, by end use
6.4.8. India
6.4.8.1 Socio-Economic & Micro-Macro Indicators
6.4.8.2 Market size and forecast, by resin type
6.4.8.3 Market size and forecast, by end use
6.4.9. Malaysia
6.4.9.1 Socio-Economic & Micro-Macro Indicators
6.4.9.2 Market size and forecast, by polymer type
6.4.9.3 Market size and forecast, by end use
6.4.10. Rest of Asia-Pacific
6.4.10.1 Socio-Economic & Micro-Macro Indicators
6.4.10.2 Market size and forecast, by polymer type
6.4.10.3 Market size and forecast, by end use
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by polymer type
6.5.3. Market size and forecast, by end use
6.5.4. Market share analysis, by country
6.5.5. Brazil
6.5.5.1. Socio-Economic & Micro-Macro Indicators
6.5.5.2. Market size and forecast, by resin type
6.5.5.3. Market size and forecast, by end use
6.5.6. Saudi Arabia
6.5.6.1. Socio-Economic & Micro-Macro Indicators
6.5.6.2. Market size and forecast, by polymer type
6.5.6.3. Market size and forecast, by end use
6.5.7. South Africa
6.5.7.1. Socio-Economic & Micro-Macro Indicators
6.5.7.2. Market size and forecast, by polymer type
6.5.7.3. Market size and forecast, by end use
6.5.8. Rest of LAMEA
6.5.8.1. Socio-Economic & Micro-Macro Indicators
6.5.8.2. Market size and forecast, by resin type
6.5.8.3. Market size and forecast, by end use

CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. INTRODUCTION
7.1.1. MARKET PLAYER POSITIONING, 2018
7.2. TOP WINNING STRATEGIES
7.2.1. Top winning strategies, by year
7.2.2. Top winning strategies, by development
7.2.3. Top winning strategies, by company
7.3. PRODUCT MAPPING OF TOP 10 PLAYER
7.4. COMPETITIVE HEATMAP
7.5. KEY DEVELOPMENTS
7.5.1. New product launches
7.5.2. Expansions
7.5.3. Mergers and acquisition
7.5.4. Other developments

CHAPTER 8: COMPANY PROFILES
8.1. Asahi Kasei Corporation
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. R&D Expenditure
8.1.6. Business performance
8.1.7. Key strategic moves and developments
8.2. BASF SE
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. R&D Expenditure
8.2.6. Business performance
8.2.7. Key strategic moves and developments
8.3. Celanese Corporation
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. R&D Expenditure
8.3.6. Business performance
8.3.7. Key strategic moves and developments
8.4. COVESTRO AG
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Product portfolio
8.4.5. R&D Expenditure
8.4.6. Business performance
8.4.7. Key strategic moves and developments
8.5. DowDuPont INC.
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Product portfolio
8.5.5. R&D Expenditure
8.5.6. Business performance
8.5.7. Key strategic moves and developments
8.6. Kingfa Sci. and Tech. Co., Ltd.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Product portfolio
8.6.4. Business performance
8.6.5. Key strategic moves and developments
8.7. LyondellBasell Industries Holdings B.V.
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Product portfolio
8.7.5. R&D Expenditure
8.7.6. Business performance
8.7.7. Key strategic moves and developments
8.8. Polyone Corporation
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Product portfolio
8.8.5. R&D Expenditure
8.8.6. Business performance
8.8.7. Key strategic moves and developments
8.9. SABIC
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Product portfolio
8.9.5. R&D Expenditure
8.9.6. Business performance
8.9.7. Key strategic moves and developments
8.10. Solvay SA
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. R&D Expenditure
8.10.6. Business performance
8.10.7. Key strategic moves and developments
8.11. Other Key Player Profile
8.11.1. Key player snapshot

*Full List of Tables and Figures Available on Enquiry.

Note: Product cover images may vary from those shown
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According to this report titled,'Plastic Compounding Market by Polymer Type and End Use: Global Opportunity Analysis and Industry Forecast, 2019 - 2026,'the global market was valued at $565,416.7 million in 2018, and is projected to reach $932,330.5 million by 2026, growing at a CAGR of 6.4% from 2019 to 2026.

Plastic compounding is a process of preparing plastic formulations by blending polymers and additives in a molten state. These blends are automatically treated with fixed set points usually through feeders. It is usually a blend of copolymers such as styrene acrylonitrile resin (SAN), acrylonitrile butadiene styrene (ABS), and styrene maleic anhydride (SMA) with additives such as UV-stabilizers, antioxidants and other value adding agents and sometimes strengthening component such as glass fiber, is added.

In addition, rapid industrialization as well as urbanization and expansion of automotive, electronics & electrical and construction industries are some of the key factors that supplement the growth of the plastic compounding market. Moreover, plastic is used in the construction sector in floorings, insulation materials, storage tanks, performance safety windows, doors, pipes, and cables. This factor has led to increase in demand for plastic compounds and is expected to drive the growth of the market. In addition, owing to the properties such as light weight, resistance to fatigue and better chemical and temperature resistance have led to increase in use of plastic compound in automobile and electronic and electrical industries. This factor is anticipated to increase the demand for plastic compounds in future.

Based on polymer type, the market is segmented 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. The polypropylene is widely used in automotive applications owing to the properties such as light weight, good fatigue resistance, and resistance to chemical and high temperature.

Based on end use, the market is segmented into automotive, building and construction, packaging, electrical & electronics, medical and others. The packaging segment is expected to grow owing to increase in expenditure of consumers and improvement in standard of living that has fueled the demand for packaged food & beverages across developing countries such as China and India. In addition, growing demand for automobiles across Asia-Pacific and European region has also increased the demand for plastic compounds in packaging of automotive interiors. These factors are projected to increase the plastic compounding market growth, which positively impacts this market.

Based on region, the plastic compounding market trends is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounts for a major share in the market due to increase in demand for plastic compounds in the developing economies such as India and China, owing to development of the construction, automotive and electronic & electrical industries. This factor is anticipated to increase the Asia-Pacific plastic compounding market size from 2019 to 2026.

Key Findings of the Plastic Compounding Market:

Based on region, the Asia-Pacific plastic compounding market share is predicted to account for a share of 42.31% by the end of 2026.
Based on polymer type, the polypropylene segment is expected to account for a share of 23.29% by the end of 2026.

Market players have adopted expansion, acquisition, and collaboration as their key strategies to gain competitive advantage in the plastic compounding industry. The key players operating in the 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
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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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