Plastic Compounding Market to Reach US$ 101.3 Bn by 2030

The global Plastic Compounding market is expected to grow at a CAGR of around 7.5% over the forecast period 2021 to 2030 and expected to reach the market value of around US$ 101.3 billion by 2030.

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Growth Factors

 Rapidly developing construction and automobile sectors are anticipated to drive the demand for interiors, exteriors, and under-the-hood components. The rising scope of application of plastic compounding in under-the-hood components in the automotive industry, in building interiors and exteriors in the construction & infrastructure industries, and in the electronics, durables, and wires and cable industries is anticipated to fuel the market growth.

Increasing substitution for glass, metals, wood, natural rubber, and man-made materials, such as concrete, is anticipated to drive the growth. The demand for plastic is rising owing to its various industrial applications due to benefits, such as easy molding and the ability to form the desired shape.

Report Coverage

Report Scope Details
Market Size USD 101.3 billion by 2030
Growth Rate CAGR of 7.5% From 2021 to 2030
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned BASF SE; LyondellBasell Industries N.V.; DuPont; Dow, Inc.; Covestro AG; Kraton Polymers, Inc.; RTP Company, Inc.; S&E Specialty Polymers, LLC

Report Highlights

The Polypropylene (PP) segment led the market and dominated for a revenue share of more than 31% in 2020. The PP compounds are widely used in automotive applications owing to their high impact resistance and serviceability.

The material has good fatigue resistance and better chemical and temperature resistance. These factors have made PP a popular material for multiple applications across several global end-use sectors. Increasing construction spendings in Asia, Middle East, and Latin America are expected to provide growth opportunities to PVC compounds, considering the relatively lax regulatory intervention regarding the presence of plastics in building materials.

The automotive segment dominated for the largest revenue share of more than 27% in 2020. Increasing incorporation of plastics, as opposed to metals and alloys in automotive components, has been a major growth-driving factor for the segment.

This trend is expected to continue over the next few years, thereby driving the product demand in the automotive application segment. However, the COVID-19 pandemic has immensely affected the production of automobiles and has caused disruptions across the value chain of the automotive industry.

Companies based in the western markets are gradually increasing their presence in Asia to capitalize on growth prospects. Also, a favorable environment in Asia that promotes small-scale enterprises to develop, and government-driven tax incentives for foreign corporations, are expected to increase sales of industrial machinery and equipment.

Asia Pacific was the accounted regional market in 2020 and accounted for over 48% of the global revenue share due to economic growth and the emergence of plastic manufacturers. The region will retain its leading position registering the fastest CAGR from 2021 to 2030.

Most of the producers are involved in roughly one of the segments of the plastics industry value chain. APAC is also one of the largest consumers and producers of electrical & electronic products, such as equipment and wires, which further fuels the regional product demand.

Various federal-level and other agencies, such as the European Chemicals Agency (ECHA) and European Commission, have characterized stringent environmental regulations with regards to the production and consumption of the materials.

Key Players

  • BASF SE
  • LyondellBasell Industries N.V.
  • Dow, Inc.
  • DuPont
  • RTP Company, Inc.
  • S&E Specialty Polymers, LLC
  • Covestro AG
  • Kraton Polymers, Inc.

Market Segmentation

  • Product
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Thermoplastic Vulcanizates (TPV)
    • Thermoplastic Polyolefins (TPO)
    • Poly Vinyl Chloride (PVC)
    • Polystyrene (PS)
    • Polyethylene Terephthalate (PET)
    • Polybutylene Terephthalate (PBT)
    • Polyamide
    • Polycarbonate
    • Acrylonitrile Butadiene Styrene (ABS)
    • Others
  • Application
    • Automotive
    • Building & Construction
    • Electrical & Electronics
    • Packaging
    • Consumer Goods
    • Industrial Machinery
    • Medical Devices
    • Optical Media
    • Others
  • Regional
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • The Netherlands
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
    • Central and South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

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

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer 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, 2021-2030

7.1.1.    Polyethylene (PE)

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Polypropylene (PP)

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Thermoplastic Vulcanizates (TPV)

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Thermoplastic Polyolefins (TPO)

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Poly Vinyl Chloride (PVC)

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Polystyrene (PS)

7.1.6.1.        Market Revenue and Forecast (2017-2030)

7.1.7.    Polyethylene Terephthalate (PET)

7.1.7.1.        Market Revenue and Forecast (2017-2030)

7.1.8.    Polybutylene Terephthalate (PBT)

7.1.8.1.        Market Revenue and Forecast (2017-2030)

7.1.9.    Polyamide

7.1.9.1.        Market Revenue and Forecast (2017-2030)

7.1.10.  Polycarbonate

7.1.10.1.      Market Revenue and Forecast (2017-2030)

7.1.11.  Acrylonitrile Butadiene Styrene (ABS)

7.1.11.1.      Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Plastic Compounding Market, By Application

8.1.  Plastic Compounding Market, by Application, 2021-2030

8.1.1.    Automotive

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Building & Construction

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Electrical & Electronics

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Packaging

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Consumer Goods

8.1.5.1.        Market Revenue and Forecast (2017-2030)

8.1.6.    Industrial Machinery

8.1.6.1.        Market Revenue and Forecast (2017-2030)

8.1.7.    Medical Devices

8.1.7.1.        Market Revenue and Forecast (2017-2030)

8.1.8.    Optical Media

8.1.8.1.        Market Revenue and Forecast (2017-2030)

8.1.9.    Others

8.1.9.1.        Market Revenue and Forecast (2017-2030)

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

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

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.              LyondellBasell Industries N.V.

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Dow, Inc.

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              DuPont

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              RTP Company, Inc.

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              S&E Specialty Polymers, LLC

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Covestro AG

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Kraton Polymers, Inc.

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  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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