Report ID : AMR1004264 | Industries : | Published On :December 2023 | Page Count : 215
Global Plastic Compounding Market: By Polymer Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene & Expanded Polystyrene, Polyethylene Terephthalate, Polyurethane, Acrylonitrile Butadiene Styrene, and Other Polymers), By End Use (Packaging, Building & Construction, Automotive, Electrical & Electronics, Medical, and Others), and Region – Cumulative Growth Opportunities Analysis, Size, Share, Trends, and Industry Forecast Till 2030.
Global Plastic Compounding was valued at US$ 66.55 Bn in 2022, estimated to reach US$ 108.30 Bn in 2030, with a CAGR of 5.79% from 2023-2030.
Plastic compounds are widely used in the electronic & electrical industries for electromagnetic shielding as well as antistatic applications. These are replacing metal components in the automotive industry. Plastic compounds has helped in increasing car safety by reducing the total weight of the vehicle. Plastic compounding has also lowered the carbon emissions & increased fuel efficiency and performance of vehicles in the automotive industry, which in turn propel the growth of the plastic compounding market.
Market Drivers:
Growing Demand for Lightweight and High-Performance Materials:
Plastic compounds offer the advantage of being lighter than traditional materials while maintaining strength and durability, which is leading to the replacement of traditional materials with plastic compounds and increasing their demand across industries, such as automotive, aerospace, and consumer electronics.
Also, the growing global population and urbanization are driving the demand for consumer goods, appliances, and electronic devices, in turn, boosting the demand for plastic compounds. Furthermore, technological advancements in compounding processes and equipment allow for the development of innovative plastic compounds with enhanced properties, leading to increased adoption across various industries. Moreover, developing economies are witnessing rapid industrialization and urban development, creating opportunities for increased consumption of plastic compounds.
Market Restraints:
Environmental Concerns and Sustainability:
The use of plastics raises environmental concerns due to issues such as plastic waste, pollution, and microplastics, affecting the expansion of the market.
Further, increasing regulations and restrictions on the use of certain types of plastics, additives, and compounding processes has added complexity to the industry. Compliance with varying regional and international standards requires adjustments to formulations and manufacturing practices. Also, Fluctuations in the prices of raw materials, such as polymers and additives, can impact the profitability of plastic compounding companies.
Regional Analysis:
The comprehensive analysis of the Global Plastic Compounding Market encompasses significant geographic regions, namely North America, Europe, Asia Pacific, and the rest of the world. APAC dominated the market in 2022 favored by the economic environment & the emergence of plastic manufacturers. The increase in manufacturing sector will drive the demand from automotive, industrial machinery, construction, packaging, and electrical and electronics industries in the region. APAC is the largest producer & consumer of automobiles, consumer goods, and packaging materials that paved the way for regional market growth.
Market Segmentation:
The global plastic compounding market is segmented into polymer type, end use, and region. Based on polymer type, the market is segmented into Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene & Expanded Polystyrene, Polyethylene Terephthalate, Polyurethane, Acrylonitrile Butadiene Styrene, and Other Polymers. The Polypropylene segment accounted for maximum revenue share in 2022 and is anticipated to consolidate its position during the forecast period with CAGR 5.91%. The polypropylene segment is experiencing robust growth due to its versatile applications and increasing demand for lightweight, durable materials. By end use, the market is segmented into Packaging, Building & Construction, Automotive, Electrical & Electronics, Medical, and Others.
Key Players:
The research report thoroughly analyses the most significant recent advancements by the top players and innovation profiles in the global Plastic Compounding market, comprising: Asahi Kasei Corporation, Kingfa Sci. and Tech. Co., Ltd., Solvay SA, Celanese Corporation, Polyone Corporation, COVESTRO AG, SABIC, LyondellBasell Industries Holdings B.V., DowDuPont INC., BASF SE, etc.
Scope of Global Plastic Compounding Market:
1. By Polymer Type:
• Polypropylene
• Polyethylene
• Polyvinyl Chloride
• Polystyrene & Expanded Polystyrene
• Polyethylene Terephthalate
• Polyurethane
• Acrylonitrile Butadiene Styrene
• Other Polymers
2. By End Use:
• Packaging
• Building & Construction
• Automotive
• Electrical & Electronics
• Medical
• Others
3. By Region:
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Frequently Asked Questions (FAQ) regarding the Global Plastic Compounding Market:
What is the anticipated size of the global market for Plastic Compounding?
What is the market size for the Plastic Compounding market globally?
What is the projected size of the global market for Plastic Compounding?
Who are the most prominent companies in the global market for Plastic Compounding?
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Global Plastic Compounding Market
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Market Scope
2. Research Methodology
2.1. Data Mining
2.2. Validation
2.3. Primary Interviews
2.4. List of Data Sources
3. Executive Summary
4. Global Plastic Compounding Market Outlook
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Cumulative Impact due to recent Energy Crisis
4.2.5. Cumulative Impact due to Nearing Economic Downturn
4.2.6. Post Covid-19 World Supply and Demand Conditions
4.2.7. Cumulative Impact of Russia-Ukraine Conflict
4.3. Porters Five Force Model
4.4. Value Chain Analysis
5. Global Plastic Compounding Market, By Polymer Type
5.1. Y-o-Y Growth Comparison, By Polymer Type
5.2. Global Plastic Compounding Market Share Analysis, By Polymer Type
5.3. Global Plastic Compounding Market Size and Forecast, By Polymer Type
5.3.1. Polypropylene
5.3.2. Polyethylene
5.3.3. Polyvinyl Chloride
5.3.4. Polystyrene & Expanded Polystyrene
5.3.5. Polyethylene Terephthalate
5.3.6. Polyurethane
5.3.7. Acrylonitrile Butadiene Styrene
5.3.8. Other Polymers
6. Global Plastic Compounding Market, By End Use
6.1. Y-o-Y Growth Comparison, By End Use
6.2. Global Plastic Compounding Market Share Analysis, By End Use
6.3. Global Plastic Compounding Market Size and Forecast, By End Use
6.3.1. Packaging
6.3.2. Building & Construction
6.3.3. Automotive
6.3.4. Electrical & Electronics
6.3.5. Medical
6.3.6. Others
7. Global Plastic Compounding Market, By Region
7.1. Global Plastic Compounding Market Share Analysis, By Region
7.2. Global Plastic Compounding Market Share Analysis, By Region
7.3. Global Plastic Compounding Market Size and Forecast, By Region
8. North America Plastic Compounding Market Analysis and Forecast (2023-2030)
8.1. Introduction
8.2. North America Plastic Compounding Market Share Analysis, By Polymer Type
8.3. North America Plastic Compounding Market Share Analysis, By End Use
8.4. North America Plastic Compounding Market Size and Forecast, By Country
8.4.1. U.S.
8.4.1.1. Market Size and Forecast, By Polymer Type
8.4.1.2. Market Size and Forecast, By End Use
8.4.2. Canada
8.4.2.1. Market Size and Forecast, By Polymer Type
8.4.2.2. Market Size and Forecast, By End Use
8.4.3. Mexico
8.4.3.1. Market Size and Forecast, By Polymer Type
8.4.3.2. Market Size and Forecast, By End Use
9. Europe Plastic Compounding Market Analysis and Forecast (2023-2030)
9.1. Introduction
9.2. Europe Plastic Compounding Market Share Analysis, By Polymer Type
9.3. Europe Plastic Compounding Market Share Analysis, By End Use
9.4. Europe Plastic Compounding Market Size and Forecast, By Country
9.4.1. Germany
9.4.1.1. Market Size and Forecast, By Polymer Type
9.4.1.2. Market Size and Forecast, By End Use
9.4.2. France
9.4.2.1. Market Size and Forecast, By Polymer Type
9.4.2.2. Market Size and Forecast, By End Use
9.4.3. UK
9.4.3.1. Market Size and Forecast, By Polymer Type
9.4.3.2. Market Size and Forecast, By End Use
9.4.4. Russia
9.4.4.1. Market Size and Forecast, By Polymer Type
9.4.4.2. Market Size and Forecast, By End Use
9.4.5. Italy
9.4.5.1. Market Size and Forecast, By Polymer Type
9.4.5.2. Market Size and Forecast, By End Use
9.4.6. Spain
9.4.6.1. Market Size and Forecast, By Polymer Type
9.4.6.2. Market Size and Forecast, By End Use
9.4.7. Rest of Europe
9.4.7.1. Market Size and Forecast, By Polymer Type
9.4.7.2. Market Size and Forecast, By End Use
10. Asia Pacific Plastic Compounding Market Analysis and Forecast (2023-2030)
10.1. Introduction
10.2. Asia Pacific Plastic Compounding Market Share Analysis, By Polymer Type
10.3. Asia Pacific Plastic Compounding Market Share Analysis, By End Use
10.4. Asia Pacific Plastic Compounding Market Size and Forecast, By Country
10.4.1. China
10.4.1.1. Market Size and Forecast, By Polymer Type
10.4.1.2. Market Size and Forecast, By End Use
10.4.2. Japan
10.4.2.1. Market Size and Forecast, By Polymer Type
10.4.2.2. Market Size and Forecast, By End Use
10.4.3. India
10.4.3.1. Market Size and Forecast, By Polymer Type
10.4.3.2. Market Size and Forecast, By End Use
10.4.4. South Korea
10.4.4.1. Market Size and Forecast, By Polymer Type
10.4.4.2. Market Size and Forecast, By End Use
10.4.5. Australia
10.4.5.1. Market Size and Forecast, By Polymer Type
10.4.5.2. Market Size and Forecast, By End Use
10.4.6. New Zealand
10.4.6.1. Market Size and Forecast, By Polymer Type
10.4.6.2. Market Size and Forecast, By End Use
10.4.7. Singapore
10.4.7.1. Market Size and Forecast, By Polymer Type
10.4.7.2. Market Size and Forecast, By End Use
10.4.8. Malaysia
10.4.8.1. Market Size and Forecast, By Polymer Type
10.4.8.2. Market Size and Forecast, By End Use
10.4.9. Rest of Asia
10.4.9.1. Market Size and Forecast, By Polymer Type
10.4.9.2. Market Size and Forecast, By End Use
11. Latin America Plastic Compounding Market Analysis and Forecast (2023-2030)
11.1. Introduction
11.2. Latin America Plastic Compounding Market Share Analysis, By Polymer Type
11.3. Latin America Plastic Compounding Market Share Analysis, By End Use
11.4. Latin America Plastic Compounding Market Size and Forecast, Country
11.4.1. Brazil
11.4.1.1. Market Size and Forecast, By Polymer Type
11.4.1.2. Market Size and Forecast, By End Use
11.4.2. Argentina
11.4.2.1. Market Size and Forecast, By Polymer Type
11.4.2.2. Market Size and Forecast, By End Use
11.4.3. Colombia
11.4.3.1. Market Size and Forecast, By Polymer Type
11.4.3.2. Market Size and Forecast, By End Use
11.4.4. Peru
11.4.4.1. Market Size and Forecast, By Polymer Type
11.4.4.2. Market Size and Forecast, By End Use
11.4.5. Chile
11.4.5.1. Market Size and Forecast, By Polymer Type
11.4.5.2. Market Size and Forecast, By End Use
11.4.6. Venezuela
11.4.6.1. Market Size and Forecast, By Polymer Type
11.4.6.2. Market Size and Forecast, By End Use
11.4.7. Rest of Latin America
11.4.7.1. Market Size and Forecast, By Polymer Type
11.4.7.2. Market Size and Forecast, By End Use
12. Middle East Plastic Compounding Market Analysis and Forecast (2023-2030)
12.1. Introduction
12.2. Middle East Plastic Compounding Market Share Analysis, By Polymer Type
12.3. Middle East Plastic Compounding Market Size and Forecast, By End Use
12.4. Middle East Plastic Compounding Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.1.1. Market Size and Forecast, By Polymer Type
12.4.1.2. Market Size and Forecast, By End Use
12.4.2. UAE
12.4.2.1. Market Size and Forecast, By Polymer Type
12.4.2.2. Market Size and Forecast, By End Use
12.4.3. Egypt
12.4.3.1. Market Size and Forecast, By Polymer Type
12.4.3.2. Market Size and Forecast, By End Use
12.4.4. Kuwait
12.4.4.1. Market Size and Forecast, By Polymer Type
12.4.4.2. Market Size and Forecast, By End Use
12.4.5. South Africa
12.4.5.1. Market Size and Forecast, By Polymer Type
12.4.5.2. Market Size and Forecast, By End Use
12.4.6. Rest of Middle East & Africa
12.4.6.1. Market Size and Forecast, By Polymer Type
12.4.6.2. Market Size and Forecast, By End Use
13. Competitive Analysis
13.1. Competition Dashboard
13.2. Market share Analysis of Top Vendors
13.3. Key Development Strategies
14. Company Profiles
14.1. Asahi Kasei Corporation
14.1.1. Overview
14.1.2. Offerings
14.1.3. Key Financials
14.1.4. Business Segment & Geographic Overview
14.1.5. Key Market Developments
14.1.6. Key Strategies
14.2. Kingfa Sci. and Tech. Co., Ltd.
14.2.1. Overview
14.2.2. Offerings
14.2.3. Key Financials
14.2.4. Business Segment & Geographic Overview
14.2.5. Key Market Developments
14.2.6. Key Strategies
14.3. Solvay SA
14.3.1. Overview
14.3.2. Offerings
14.3.3. Key Financials
14.3.4. Business Segment & Geographic Overview
14.3.5. Key Market Developments
14.3.6. Key Strategies
14.4. Celanese Corporation
14.4.1. Overview
14.4.2. Offerings
14.4.3. Key Financials
14.4.4. Business Segment & Geographic Overview
14.4.5. Key Market Developments
14.4.6. Key Strategies
14.5. Polyone Corporation
14.5.1. Overview
14.5.2. Offerings
14.5.3. Key Financials
14.5.4. Business Segment & Geographic Overview
14.5.5. Key Market Developments
14.5.6. Key Strategies
14.6. COVESTRO AG
14.6.1. Overview
14.6.2. Offerings
14.6.3. Key Financials
14.6.4. Business Segment & Geographic Overview
14.6.5. Key Market Developments
14.6.6. Key Strategies
14.7. SABIC
14.7.1. Overview
14.7.2. Offerings
14.7.3. Key Financials
14.7.4. Business Segment & Geographic Overview
14.7.5. Key Market Developments
14.7.6. Key Strategies
14.8. LyondellBasell Industries Holdings B.V.
14.8.1. Overview
14.8.2. Offerings
14.8.3. Key Financials
14.8.4. Business Segment & Geographic Overview
14.8.5. Key Market Developments
14.8.6. Key Strategies
14.9. DowDuPont INC.
14.9.1. Overview
14.9.2. Offerings
14.9.3. Key Financials
14.9.4. Business Segment & Geographic Overview
14.9.5. Key Market Developments
14.9.6. Key Strategies
14.10. BASF SE
14.10.1. Overview
14.10.2. Offerings
14.10.3. Key Financials
14.10.4. Business Segment & Geographic Overview
14.10.5. Key Market Developments
14.10.6. Key Strategies
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