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Plastic Compounds Market Forecast, Trend, Analysis and Competition Tracking – Global Market Insights 2022 to 2030

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The global Plastic Compounds market size is expected to be worth around US$ 101.65 billion by 2030, according to a new report by Vision Research Reports.

The global Plastic Compounds market size was valued at US$ 68.74 billion in 2020 and is anticipated to grow at a CAGR of 6.1% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 101.65 Billion by 2030
Growth Rate CAGR of 6.1% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Resin, Technology, Filler, End use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Adell Plastics; Asahi Kasei Corp.; BASF SE; Chevron Phillips Chemical Company LLC; China XD Plastics Co., Ltd.; Covestro AG; Dow, Inc.; DuPont; Qingdao Gon Science & Technology Co., Ltd.; Foster Corp.

Growth Factors

 Increasing demand from the automotive industry is anticipated to significantly drive the market growth during the forecast period. The use of compounded plastic products in automotive applications helps reduce fuel consumption on account of their lightweight.

Increasing awareness regarding consumer safety and health hazards in various industries, such as automotive, healthcare, and others is expected to drive the global demand for plastics over the forecast period. In the automotive industry, compounded plastics find application in under-the-hood components, structural parts, electrical components & lighting, and others.

By Resin Analysis

The Polypropylene (PP) resin segment led the market and accounted for more than 27% of the overall revenue share in 2020 and is estimated to grow at the fastest CAGR over the forecast period. Polypropylene can be processed using any of the thermoplastic processing methods, such as injection molding, extrusion blow molding, and general-purpose extrusion.

This has made it a popular material in several industries of developed and emerging economies. Automotive has been the largest application segment for PP compounds owing to their high impact resistance and serviceability.

By Technology Analysis

The extrusion segment led the market and accounted for the largest revenue share of more than 34% in 2020. Extrusion is a continuous process of converting solid plastic compound pellets, granules, or powders into melted form and further reconstituting them as finished products.

The plastic compounds are melted by the extruder wall heat and the mechanical work of the screw. Furthermore, the molten plastic compounds are forced through a die, which shapes them into the desired end products.

Rising demand for injection molded compounded products from the automotive, packaging, and healthcare applications are fueling the segment growth. Injection molding is a discontinuous process as the plastic parts are produced in molds and are required to be cooled before being removed.

By Filler Analysis

The calcium carbonate-filled fillers segment led the market and accounted for the largest revenue share of more than 24% in 2020. Polyethylene and polypropylene compounds are commonly used with calcium carbonate-filled fillers for manufacturing furniture and packaging solutions.

calcium carbonate fillers can reduce the amount of resin required for producing components by 41%, which possesses an economic advantage for use of calcium carbonate fillers.

By End-use Analysis

The automotive end-use segment led the market and accounted for the largest revenue share of 25% in 2020. PP and PBT compounds are widely used in various automotive applications, such as exterior body parts, ignition, front grilles, and others.

 Several grades of PP and PBT compounds have been developed over the past years to meet diverse performance requirements. Growing demand for sustainable materials in the automotive segment has been a major factor driving the demand for lightweight plastics.

By Region Analysis

Asia Pacific dominated the global market and accounted for the largest revenue share of over 47.0% in 2020 and is estimated to grow further at the fastest CAGR from 2021 to 2030.

Favorable economic and manufacturing initiatives by the governments in Asia Pacific are boosting the market growth. Government investments in six Asian countries (China, Thailand, Indonesia, India, Vietnam, and Malaysia) for developing the manufacturing industry and improving infrastructure& supply chain facilities are expected to drive the regional market growth.

Increasing demand for consumer goods, such as refrigerators and washing machines, in countries, such as India, Vietnam, Philippines, China, and Thailand, is expected to fuel the demand for plastic compounds in these applications

Key Players

  • Adell Plastics
  • Asahi Kasei Corp.
  • BASF SE
  • Chevron Phillips Chemical Company LLC
  • China XD Plastics Co., Ltd.
  • Covestro AG
  • Dow Inc.
  • DuPont
  • Qingdao Gon Science & Technology Co., Ltd.
  • Foster Corp.

Market Segmentation

  • By Resin
    • Polypropylene (PP)
    • Polyethylene (PE)
    •  Thermoplastic elastomers (TPE)
      • Thermoplastic Styrenic Elastomers
        • Saturated
        • Unsaturated
      • Thermoplastic polyolefins
      • Thermoplastic vulcanizates
    • Polystyrene (PS)
    • Polybutylene terephthalate (PBT)
    • Polyamide (PA)
    • Polycarbonates (PC)
    • Acrylonitrile Butadiene Styrene (ABS)
    • Bioplastic
    • Acrylonitrile styrene acrylate (ASA)
    • Styrene Acrylonitrile (SAN)
    • Polymethyl methacrylate (PMMA)
    • Polyoxymethylene (POM)
    • Blends (PC/ABS, ABS/PBT, PS/PP)
  • By Technology
    • Injection Molding
    • Extrusion
    • Blow Molding
    • Others
  • By Filler
    • Unfilled
    • Calcium Carbonate Filled
    • Talcum Filled
    • Glass Fiber Reinforced
    • Long Glass Fiber Filled
    • Flame Retardant
    • Carbon Fiber Reinforced
  • By End-use
    • Automotive
    • Appliances
    • Electrical, Electronics & Electrotechnical
    • Building & Construction
    • Furniture
    • Power Tools
    • Packaging
    • Agriculture
    • Sport & Leisure
    • Healthcare
    • Others
  • Regional
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East & 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 Filler 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 Compounds Market, By Resin

7.1.  Plastic Compounds Market, by Resin, 2021-2030

7.1.1.    Polypropylene (PP)

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Polyethylene (PE)

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Thermoplastic elastomers (TPE)

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Polystyrene (PS)

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Polybutylene terephthalate (PBT)

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Polyamide (PA)

7.1.6.1.        Market Revenue and Forecast (2017-2030)

7.1.7.    Polycarbonates (PC)

7.1.7.1.        Market Revenue and Forecast (2017-2030)

7.1.8.    Acrylonitrile Butadiene Styrene (ABS)

7.1.8.1.        Market Revenue and Forecast (2017-2030)

7.1.9.    Bioplastic

7.1.9.1.        Market Revenue and Forecast (2017-2030)

7.1.10.  Acrylonitrile styrene acrylate (ASA)

7.1.10.1.      Market Revenue and Forecast (2017-2030)

7.1.11.  Styrene Acrylonitrile (SAN)

7.1.11.1.      Market Revenue and Forecast (2017-2030)

7.1.12.  Polymethyl methacrylate (PMMA)

7.1.12.1.      Market Revenue and Forecast (2017-2030)

7.1.13.  Polyoxymethylene (POM)

7.1.13.1.      Market Revenue and Forecast (2017-2030)

7.1.14.  Blends (PC/ABS, ABS/PBT, PS/PP)

7.1.14.1.      Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Plastic Compounds Market, By Technology

8.1.  Plastic Compounds Market, by Technology, 2021-2030

8.1.1.    Injection Molding

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Extrusion

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Blow Molding

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Others

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Plastic Compounds Market, By Filler

9.1.  Plastic Compounds Market, by Filler, 2021-2030

9.1.1.    Unfilled

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Calcium Carbonate Filled

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Talcum Filled

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Glass Fiber Reinforced

9.1.4.1.        Market Revenue and Forecast (2017-2030)

9.1.5.    Long Glass Fiber Filled

9.1.5.1.        Market Revenue and Forecast (2017-2030)

9.1.6.    Flame Retardant

9.1.6.1.        Market Revenue and Forecast (2017-2030)

9.1.7.    Carbon Fiber Reinforced

9.1.7.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Plastic Compounds Market, By End-use

10.1.        Plastic Compounds Market, by End-use, 2021-2030

10.1.1.  Automotive

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Appliances

10.1.2.1.      Market Revenue and Forecast (2017-2030)

10.1.3.  Electrical, Electronics & Electrotechnical

10.1.3.1.      Market Revenue and Forecast (2017-2030)

10.1.4.  Building & Construction

10.1.4.1.      Market Revenue and Forecast (2017-2030)

10.1.5.  Furniture

10.1.5.1.      Market Revenue and Forecast (2017-2030)

10.1.6.  Power Tools

10.1.6.1.      Market Revenue and Forecast (2017-2030)

10.1.7.  Packaging

10.1.7.1.      Market Revenue and Forecast (2017-2030)

10.1.8.  Agriculture

10.1.8.1.      Market Revenue and Forecast (2017-2030)

10.1.9.  Sport & Leisure

10.1.9.1.      Market Revenue and Forecast (2017-2030)

10.1.10.               Healthcare

10.1.10.1.   Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Plastic Compounds Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Resin (2017-2030)

11.1.2.  Market Revenue and Forecast, by Technology (2017-2030)

11.1.3.  Market Revenue and Forecast, by Filler (2017-2030)

11.1.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.1.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.1.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Resin (2017-2030)

11.2.2.  Market Revenue and Forecast, by Technology (2017-2030)

11.2.3.  Market Revenue and Forecast, by Filler (2017-2030)

11.2.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.2.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.2.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.2.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.2.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Resin (2017-2030)

11.3.2.  Market Revenue and Forecast, by Technology (2017-2030)

11.3.3.  Market Revenue and Forecast, by Filler (2017-2030)

11.3.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.3.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.3.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.3.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.3.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Resin (2017-2030)

11.4.2.  Market Revenue and Forecast, by Technology (2017-2030)

11.4.3.  Market Revenue and Forecast, by Filler (2017-2030)

11.4.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.4.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.4.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.4.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.4.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Resin (2017-2030)

11.5.2.  Market Revenue and Forecast, by Technology (2017-2030)

11.5.3.  Market Revenue and Forecast, by Filler (2017-2030)

11.5.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.5.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Resin (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Technology (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by Filler (2017-2030)

11.5.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

Chapter 12.  Company Profiles

12.1.              Adell Plastics

12.1.1.  Company Overview

12.1.2.  Resin Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              Asahi Kasei Corp.

12.2.1.  Company Overview

12.2.2.  Resin Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              BASF SE

12.3.1.  Company Overview

12.3.2.  Resin Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Chevron Phillips Chemical Company LLC

12.4.1.  Company Overview

12.4.2.  Resin Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              China XD Plastics Co., Ltd.

12.5.1.  Company Overview

12.5.2.  Resin Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Covestro AG

12.6.1.  Company Overview

12.6.2.  Resin Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Dow Inc.

12.7.1.  Company Overview

12.7.2.  Resin Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              DuPont

12.8.1.  Company Overview

12.8.2.  Resin Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              Qingdao Gon Science & Technology Co., Ltd.

12.9.1.  Company Overview

12.9.2.  Resin Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.           Foster Corp.

12.10.1.               Company Overview

12.10.2.               Resin Offerings

12.10.3.               Financial Performance

12.10.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

14.2.              Glossary of Terms

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