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FEATURED COMPANIES
- Asahi Kasei Corp.
- BASF SE
- Celanese Corp.
- Covestro AG
- Dow Inc.
- DuPont de Nemours Inc.
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Plastic Compounding Market: About this market
The plastic compounding market analysis considers sales from packaging, construction, automotive, electrical and electronics and other applications. Our analysis also considers the sales of plastic compounding in APAC, Europe, North America, South America, and MEA. In 2018, the packaging segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as enhanced shock-absorbing features and growing plastic films will play a significant role in the packaging segment to maintain its market position. Also, our global plastic compounding market report looks at factors such as growth in demand for polymers, growing demand for lightweight vehicles, and increase in adoption of plastic packaging. However, weaker industrial production, lack of technology in developing countries, and increasing demand for biodegradable plants may hamper the growth of the plastics compounding industry over the forecast period.
Global Plastic Compounding Market: Overview
Growing demand for lightweight vehicles
The automotive sector is focusing on reducing the weight of the vehicles because of the increased demand for fuel-efficient cars. To reduce the overall weight of vehicles, the manufacturers are replacing metal components with plastic parts. Plastic compounds provide better safety and thermal resistance along with fuel efficiency because of their improved strength and better non-malleable and ductile nature. Thus, the growth rate of plastic compounds in the automotive sector is expected to increase with the introduction of more efficient electric vehicles, where there is an increased need for electricity and heat resistance. This will lead to the expansion of the global plastic compounding market at a CAGR of over 6% during the forecast period.
Strategic acquisitions and new production facilities
The demand for polymers, resins, and plastic compounds is increasing from several end-user industries, such as automotive, construction, healthcare, consumer electronics, and packaging industries. The growing demand for plastic compounds has encouraged vendors to expand their market presence through strategic acquisitions and new production facilities. For instance, LyondellBasell acquired A. Schulman Inc. to increase its plastic compounds and resin production. Such acquisitions and new production facilities are expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global plastic compounding market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plastic compounding manufacturers, that include Asahi Kasei Corp., BASF SE, Celanese Corp., Covestro AG, Dow Inc., DuPont de Nemours Inc., Hillenbrand Inc., LyondellBasell Industries Holdings BV, Mexichem SAB de CV, Mitsui Chemicals Inc., SABIC, Sojitz Corp.
Also, the plastic compounding market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The plastic compounding market analysis considers sales from packaging, construction, automotive, electrical and electronics and other applications. Our analysis also considers the sales of plastic compounding in APAC, Europe, North America, South America, and MEA. In 2018, the packaging segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as enhanced shock-absorbing features and growing plastic films will play a significant role in the packaging segment to maintain its market position. Also, our global plastic compounding market report looks at factors such as growth in demand for polymers, growing demand for lightweight vehicles, and increase in adoption of plastic packaging. However, weaker industrial production, lack of technology in developing countries, and increasing demand for biodegradable plants may hamper the growth of the plastics compounding industry over the forecast period.
Global Plastic Compounding Market: Overview
Growing demand for lightweight vehicles
The automotive sector is focusing on reducing the weight of the vehicles because of the increased demand for fuel-efficient cars. To reduce the overall weight of vehicles, the manufacturers are replacing metal components with plastic parts. Plastic compounds provide better safety and thermal resistance along with fuel efficiency because of their improved strength and better non-malleable and ductile nature. Thus, the growth rate of plastic compounds in the automotive sector is expected to increase with the introduction of more efficient electric vehicles, where there is an increased need for electricity and heat resistance. This will lead to the expansion of the global plastic compounding market at a CAGR of over 6% during the forecast period.
Strategic acquisitions and new production facilities
The demand for polymers, resins, and plastic compounds is increasing from several end-user industries, such as automotive, construction, healthcare, consumer electronics, and packaging industries. The growing demand for plastic compounds has encouraged vendors to expand their market presence through strategic acquisitions and new production facilities. For instance, LyondellBasell acquired A. Schulman Inc. to increase its plastic compounds and resin production. Such acquisitions and new production facilities are expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global plastic compounding market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading plastic compounding manufacturers, that include Asahi Kasei Corp., BASF SE, Celanese Corp., Covestro AG, Dow Inc., DuPont de Nemours Inc., Hillenbrand Inc., LyondellBasell Industries Holdings BV, Mexichem SAB de CV, Mitsui Chemicals Inc., SABIC, Sojitz Corp.
Also, the plastic compounding market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Asahi Kasei Corp.
- BASF SE
- Celanese Corp.
- Covestro AG
- Dow Inc.
- DuPont de Nemours Inc.
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Asahi Kasei Corp.
- BASF SE
- Celanese Corp.
- Covestro AG
- Dow Inc.
- DuPont de Nemours Inc.
The following companies are recognised as the key players in the global plastic compounding market: Asahi Kasei Corp., BASF SE, Celanese Corp., Covestro AG, Dow Inc., DuPont de Nemours Inc., Hillenbrand Inc., LyondellBasell Industries Holdings BV, Mexichem SAB de CV, Mitsui Chemicals Inc., SABIC, Sojitz Corp.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the strategic acquisitions and new production facilities.”
According to the report, one of the major drivers for this market is the growing demand for lightweight vehicles.
Further, the report states that one of the major factors hindering the growth of this market is the increasing demand for biodegradable plants.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the strategic acquisitions and new production facilities.”
According to the report, one of the major drivers for this market is the growing demand for lightweight vehicles.
Further, the report states that one of the major factors hindering the growth of this market is the increasing demand for biodegradable plants.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Asahi Kasei Corp.
- BASF SE
- Celanese Corp.
- Covestro AG
- Dow Inc.
- DuPont de Nemours Inc.
- Hillenbrand Inc.
- LyondellBasell Industries Holdings BV
- Mexichem SAB de CV
- Mitsui Chemicals Inc.
- SABIC
- Sojitz Corp.
Note: Product cover images may vary from those shown
