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Plastic Compounding Market to Grow US$ 104.1 Billion by 2027

The global Plastic Compounding market size is expected to surpass around US$ 104.1 billion by 2027 and the market is expected to garner growth at a CAGR of 6.71% over the forecast period 2021 to 2027.

The Plastic Compounding market report covers a detailed analysis for the historic period 2017-2020, considering 2021 as the base year and forecast (growth) for 2021-2027.

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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 Plastic compounding is regularly being utilized to widen the utility and life of outdated building materials, and helps them to function more economically and reliably.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.

Market Report Scope

Report Highlights Details
Market Size USD 104.1 Billion by 2027
Growth Rate CAGR of 6.71% from 2021 to 2027
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Plastic Compounding market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Plastic Compounding market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Plastic Compounding. The study also provides the dynamics that are responsible for influencing the future status of the Plastic Compounding market over the forecast period.

A detailed assessment of the Plastic Compounding market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Plastic Compounding market along with their product portfolio enhances the reliability of this comprehensive research study.

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.


  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

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

Segments Covered in the Report

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

Why should you invest in this report?

If you are aiming to enter the global Plastic Compounding market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Plastic Compounding are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.


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 List of Suppliers 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) Market Revenue and Forecast (2016-2027)
7.1.2. Poly Vinyl Chloride (PVC) Market Revenue and Forecast (2016-2027)
7.1.3. Polypropylene (PP) Market Revenue and Forecast (2016-2027)
7.1.4. Polyethylene Market Revenue and Forecast (2016-2027)
7.1.5. Thermoplastic Vulcanizates (TPV) Market Revenue and Forecast (2016-2027)
7.1.6. Polystyrene Market Revenue and Forecast (2016-2027)
7.1.7. Polybutylene Terephthalate (PBT) Market Revenue and Forecast (2016-2027)
7.1.8. Polycarbonate Market Revenue and Forecast (2016-2027)
7.1.9. Acrylonitrile Butadiene Styrene (ABS) Market Revenue and Forecast (2016-2027)
7.1.10. Polyethylene (PET) Market Revenue and Forecast (2016-2027)
7.1.11. Polyamide Market Revenue and Forecast (2016-2027)
7.1.12. Others 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 Market Revenue and Forecast (2016-2027)
8.1.2. Automotive Market Revenue and Forecast (2016-2027)
8.1.3. Packaging Market Revenue and Forecast (2016-2027)
8.1.4. Building & Construction Market Revenue and Forecast (2016-2027)
8.1.5. Industrial Machinery Market Revenue and Forecast (2016-2027)
8.1.6. Optical Media Market Revenue and Forecast (2016-2027)
8.1.7. Consumer Goods Market Revenue and Forecast (2016-2027)
8.1.8. Medical Devices Market Revenue and Forecast (2016-2027)
8.1.9. Others 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. Market Revenue and Forecast, by Product (2016-2027) Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America Market Revenue and Forecast, by Product (2016-2027) 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 Market Revenue and Forecast, by Product (2016-2027) Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany Market Revenue and Forecast, by Product (2016-2027) Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France Market Revenue and Forecast, by Product (2016-2027) Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe Market Revenue and Forecast, by Product (2016-2027) 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 Market Revenue and Forecast, by Product (2016-2027) Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China Market Revenue and Forecast, by Product (2016-2027) Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan Market Revenue and Forecast, by Product (2016-2027) Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC Market Revenue and Forecast, by Product (2016-2027) 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 Market Revenue and Forecast, by Product (2016-2027) Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa Market Revenue and Forecast, by Product (2016-2027) Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa Market Revenue and Forecast, by Product (2016-2027) Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA Market Revenue and Forecast, by Product (2016-2027) 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 Market Revenue and Forecast, by Product (2016-2027) Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM Market Revenue and Forecast, by Product (2016-2027) 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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I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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