September 23, 2021
Plastic Compounding

Plastic Compounding Market to Exceed $ 104.1 Billion by 2027

Precedence Research recently published a report on “Plastic Compounding Market (By Application: Electronics& Electrical, Automotive, Packaging, Building & Construction, Industrial Machinery, Optical Media, Consumer Goods, Medical Devices; By Product: TPO, PVC, PP, Polyethylene, TPV, Polystyrene, PBT, Polycarbonate, ABS, PET, Polyamide) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027”. Amid the COVID-19 crisis, the global plastic compounding market value is projected to reach US$ 104.1 billion by 2027, rising at a CAGR of 6.71% from 2020 to 2027.

Plastic compounding involves blending of plastics with additives in the molten phase. In this process of compounding characteristics and properties are altered to match the specification of particular application. The end product produced with this process is known as compound or composite. Polyethylene Terephthalate is the plastic utilized for producing bottle containers employed for carbonated beverages and packaged water. As a raw material, Polyethylene Terephthalate (PET) is knows as a robust, lightweight flexible, safe, non-toxic material which is 100% recyclable. Due to these properties it has attained extensive acceptance. All this advantages in turn are projected to spur the plastic compounding market growth during coming years.

Growing demand of design, more durable, necessity for lightweight and low emission materials are some of the factors that are pushing plastics and polymer sector to cultivatenovel and inventive materials. Polymer compound and material improvementoccurs in each stage of polymer research and development process to manufacture materials with divers equalities, to the base material or to create material with anticipated properties with the help of multiple additives.

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Growth Factors

Plastic is extensively used in numerous activities of infrastructure sector. Plastic compounding is regularly being utilized to widen the utility and life of outdated building materials, and helps them to function more economically and reliably. Augmented use in the infrastructure area is one of the prominent influencing factors for the growth of plastic compounding market globally. Infrastructure sector is showing tremendous growth on account of rising development of new highways/expressways, airports, modern seaports, multi-modal logistics parks and metro-rail. Government organizations further support the various development activities in the infrastructure sector across the world. There are numerous regulations and rules on the development of roads, airports, highways, and railways to enhance specific country’s economy.

Report Highlights

  • In terms of volume and revenue, polypropylene emerged as utmost consumed plastic compounding product. Its growing production is fueled by great demand from medical device and packaging sectors globally.
  • Cumulative need for improved service ability, heat resistance and flame retardancy is likely to trigger growth of the product in electrical and electronics industries
  • Construction has emerged as prominent application sector for polyethylene compounds with occupying mass application worldwide
  • Bioplastic organizations are finding innovative approaches for manufacturing bioplastics from diverse kinds of raw materials

Regional Snapshots

In 2019, Asia Pacific occupied majority of the revenue share of the global plastic compounding market which was around 42%. This growth is on account of augmented applications in numerous sectors including consumer goods, automobiles, electronics, packaging, and construction among others. This region attracted several manufacturers due to low cost labor, economical manufacturing units set up, and cheap raw resources. Certain noticeable players in Asia Pacific have introduced innovative products and broadened their business units. Europe has also appeared as rapidly growing market for plastic compounding. Germany, France, Russia and UK, are the some of the keyrevenue generating markets in this region. Different federal level agencies including European Commission and European Chemicals Agency (ECHA) have pigeonholed rigorous environmental guidelines related to the consumption and production of the materials. These regulations are pushing players to improve processes and to advance ecological products and technologies.

Developing nations including Mexico are likely to profit from mounting building and construction expenditure and preference of users forusing lightweight and maintainable building materials instead of conventional materials.

Key Players & Strategies

Global plastic compounding market is extremely fragmented with more than 60% share captured by SMEs. Players are speedily intensifying their fabrication competences to amalgamate their market status. This industry has observed noteworthy capacity developments in China due toadvent of standalone independent compounders. Backward integration is one of the foremost industry-wide drifts in the compounding business that is also happening in other facets of the plastics sector.

Strategic acquisitions and new production facilities are also identified as major factors that will drive market growth. Continuously rising requirement for resins, polymers, and plastic compounds from multiple end-user sectors including construction, automotive, healthcare, and packaging, consumer and electronics industries among others are further pushing the market growth. Suchrising demand for plastic compounds has fortified market participants to develop their market presence with the help of strategic mergers and acquisitions and starting new fabrication facilities. For example, LyondellBasell acquired A. Schulman Inc. in order to upsurge their resin and plastic compounds production. Likewise, RTP Company startednew-fangled production facilities in the Poland and US and are scheduling to surge their manufacturing capability of its current facility in Wisconsin, U.S.

 Some of the significant players in the plastic compounding market include:

  • BASF SE,
  • Asahi Kasei Plastics
  • The Dow Chemical Company
  • LyondellBasell Industries N.V.
  • SABIC
  • Covestro (Bayer Material Science)

Segments Covered in the Report

This research report estimates revenue growth at global, regional, and country levels and offers an analysis of present industry trends in every sub-segment from 2016 to 2027. This research study analyzes market thoroughly by classifying global plastic compounding market report on the basis of multiple factors including application, product and region as follows:

By Application

  • Electronics & Electrical
  • Automotive
  • Packaging
  • Building & Construction
  • Industrial Machinery
  • Optical Media
  • Consumer Goods
  • Medical Devices
  • Others

By Product

  • Thermoplastic Polyolefins (TPO)
  • Poly Vinyl Chloride (PVC)
  • Polypropylene (PP)
  • Polyethylene
  • Thermoplastic Vulcanizates (TPV)
  • Polystyrene
  • Polybutylene Terephthalate (PBT)
  • Polycarbonate
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyethylene (PET)
  • Polyamide
  • Others

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
  • Middle East & Africa
    • Saudi Arabia
    • South Africa

Key Takeaways

  • Comprehensive analysis of the plastic compounding market trends and shares from 2020 to 2027 at global and regional level to identify growth opportunities and analyze market developments
  • Exhaustive analysis of price trends with respect to resin type and region that are expected to impact the outlook of the global plastic compounding market
  • Porters’ Five Forces analysis that highlights the bargaining power of buyers and suppliers to enable stakeholders to make profit-oriented business decisions
  • Extensive market outlook of key geographic regions along with market drivers, inhibitors, current & future market trends, and emerging applications
  • Comprehensive list of key potential clients across major end-use industries in different geographies
  • Thorough import-export analysis  across the globe
  • Regional level production output to comprehend the demand-supply scenario
  • Competitive landscape covers key companies’ profiling, market share analysis, market footprint analysis, competitive business strategies, channels, and competition matrix for key players

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Plastic Compounding Market, By Product

7.1. Plastic Compounding Market, by Product Type, 2020-2027
7.1.1. Thermoplastic Polyolefins (TPO)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Poly Vinyl Chloride (PVC)
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Polypropylene (PP)
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Polyethylene
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Thermoplastic Vulcanizates (TPV)
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Polystyrene
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Polybutylene Terephthalate (PBT)
7.1.7.1. Market Revenue and Forecast (2016-2027)
7.1.8. Polycarbonate
7.1.8.1. Market Revenue and Forecast (2016-2027)
7.1.9. Acrylonitrile Butadiene Styrene (ABS)
7.1.9.1. Market Revenue and Forecast (2016-2027)
7.1.10. Polyethylene (PET)
7.1.10.1. Market Revenue and Forecast (2016-2027)
7.1.11. Polyamide
7.1.11.1. Market Revenue and Forecast (2016-2027)
7.1.12. Others
7.1.12.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Plastic Compounding Market, By Application

8.1. Plastic Compounding Market, by Application, 2020-2027
8.1.1. Electronics & Electrical
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Automotive
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Packaging
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Building & Construction
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Industrial Machinery
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Optical Media
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. Consumer Goods
8.1.7.1. Market Revenue and Forecast (2016-2027)
8.1.8. Medical Devices
8.1.8.1. Market Revenue and Forecast (2016-2027)
8.1.9. Others
8.1.9.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Plastic Compounding Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)

Chapter 10. Company Profiles

10.1. BASF SE
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Kingfa Sci. and Tech. Co., Ltd.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Asahi Kasei Corporation
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Covestro AG
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. LyondellBasell Industries Holdings B.V.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Celanese Corporation
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Polyone Corporation
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. DowDuPont Inc.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. SABIC
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Solvay SA
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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