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Global Plastic Compounding Market Size, Trends, Growth: By Product Type: Polyethylene (PE), Polypropylene (PP), Thermoplastic Vulcanizates (TPV), Thermoplastic Polyolefins (TPO), Poly Vinyl Chloride (PVC), Polystyrene (PS), Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape: Industry Events and Developments; 2022-2027
Global Plastic Compounding Market Outlook
The global plastic compounding market size attained a value of nearly USD 60.18 billion in 2021. The market is further estimated to grow in the forecast period of 2022-2027 at a CAGR of 7.7% to reach about USD 93.69 billion by 2027.
Asia Pacific to Hold a Significant Share in the Market Growth of Plastic Compounding
The Asia Pacific region is expected to hold a significant share in the plastic compounding market. This is on account of the emergence of plastic manufacturers like BASF SE, and SABIC, among others, coupled with the economic environment of the region. The surging manufacturing industry is likely to drive the demand from the industrial machinery, automotive, packaging, construction, and electrical and electronics sectors across the region.
Being the largest consumer and producer of automobiles, consumer goods, and packaging materials, the region is expected to witness robust market growth of plastic compounding. Moreover, the region is also considered the largest producer and consumer of electrical and electronic products, like equipment and wires, further propelling the market growth of plastic compounding.
Meanwhile, North America is expected to fuel the market demand for plastic compounding during the forecast period owing to rapid infrastructural development in countries like the United States and Canada.
Market Segmentation
Plastic compounding is the procedure of taking basic, raw plastic material and customising it with different additives to achieve desired colour, property, and performance requirements. Lab formulation and physical processes achieve this by combining the necessary additives and colours to the plastic resin.
By product type, the plastic compounding market is divided into:
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Acrylonitrile Butadiene Styrene (ABS)
- Polystyrene (PS)
- Thermoplastic Vulcanizates (TPV)
- Poly Vinyl Chloride (PVC)
- Polypropylene (PP)
- Thermoplastic Polyolefins (TPO)
- Polybutylene Terephthalate (PBT)
- Polycarbonate
- Polyamide
- Others
Based on the applications, the market is categorised into:
- Automotive
- Consumer Goods
- Building and Construction
- Medical Devices
- Electrical and Electronics
- Packaging
- Optical Media
- Industrial Machinery
- Others
The EMR report looks into the regional markets of plastic compounding like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.
Rapid Expansion in Automotive Segment to Propel the Market Growth of Plastic Compounding
On the basis of application, the automotive segment is expected to drive the market growth during the forecast period. The surging integration of plastics, as opposed to alloys and metals in automotive components has increased the demand from the automotive segment. A significant increase in automotive production over the past few years is widely driven by the growth of the industry and the manufacturing landscape of emerging markets.
China, India, and Brazil are the major production hubs for automobiles and are also the fastest-growing economies that are further expected to gain momentum and drive growth for plastic compounding. Meanwhile, the growing demand for plastic compounding in infrastructure development among various constructional activities is likely to boost the market growth over the coming years.
Key Players in the Global Market for Plastic Compounding
The report presents a detailed analysis of the following key players in the global plastic compounding market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- BASF SE
- Arkema Group
- AKRO-PLASTIC GmbH
- DuPont
- LyondellBasell Industries Holdings B.V.
- Aurora Plastics LLC
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Plastic Compounding Market Analysis
8.1 Key Industry Highlights
8.2 Global Plastic Compounding Historical Market (2017-2021)
8.3 Global Plastic Compounding Market Forecast (2022-2027)
8.4 Global Plastic Compounding Market by Product Type
8.4.1 Polyethylene (PE)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Polypropylene (PP)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Thermoplastic Vulcanizates (TPV)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Thermoplastic Polyolefins (TPO)
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Poly Vinyl Chloride (PVC)
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Polystyrene (PS)
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2017-2021)
8.4.6.3 Forecast Trend (2022-2027)
8.4.7 Polyethylene Terephthalate (PET)
8.4.7.1 Market Share
8.4.7.2 Historical Trend (2017-2021)
8.4.7.3 Forecast Trend (2022-2027)
8.4.8 Polybutylene Terephthalate (PBT)
8.4.8.1 Market Share
8.4.8.2 Historical Trend (2017-2021)
8.4.8.3 Forecast Trend (2022-2027)
8.4.9 Polyamide
8.4.9.1 Market Share
8.4.9.2 Historical Trend (2017-2021)
8.4.9.3 Forecast Trend (2022-2027)
8.4.10 Polycarbonate
8.4.10.1 Market Share
8.4.10.2 Historical Trend (2017-2021)
8.4.10.3 Forecast Trend (2022-2027)
8.4.11 Acrylonitrile Butadiene Styrene (ABS)
8.4.11.1 Market Share
8.4.11.2 Historical Trend (2017-2021)
8.4.11.3 Forecast Trend (2022-2027)
8.4.12 Others
8.5 Global Plastic Compounding Market by Application
8.5.1 Automotive
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Building and Construction
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Electrical and Electronics
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Packaging
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Consumer Goods
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2017-2021)
8.5.5.3 Forecast Trend (2022-2027)
8.5.6 Industrial Machinery
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2017-2021)
8.5.6.3 Forecast Trend (2022-2027)
8.5.7 Medical Devices
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2017-2021)
8.5.7.3 Forecast Trend (2022-2027)
8.5.8 Optical Media
8.5.8.1 Market Share
8.5.8.2 Historical Trend (2017-2021)
8.5.8.3 Forecast Trend (2022-2027)
8.5.9 Others
8.6 Global Plastic Compounding Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Middle East and Africa
8.6.5.1 Market Plastic Compounding
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
9 North America Plastic Compounding Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2017-2021)
9.1.3 Forecast Trend (2022-2027)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2017-2021)
9.2.3 Forecast Trend (2022-2027)
10 Europe Plastic Compounding Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2017-2021)
10.1.3 Forecast Trend (2022-2027)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2017-2021)
10.2.3 Forecast Trend (2022-2027)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2017-2021)
10.3.3 Forecast Trend (2022-2027)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2017-2021)
10.4.3 Forecast Trend (2022-2027)
10.5 Others
11 Asia Pacific Plastic Compounding Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2017-2021)
11.1.3 Forecast Trend (2022-2027)
15.2 Japan
15.2.1 Market Share
15.2.2 Historical Trend (2017-2021)
15.2.3 Forecast Trend (2022-2027)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2017-2021)
11.3.3 Forecast Trend (2022-2027)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2017-2021)
11.4.3 Forecast Trend (2022-2027)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2017-2021)
11.5.3 Forecast Trend (2022-2027)
11.6 Others
12 Latin America Plastic Compounding Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2017-2021)
12.1.3 Forecast Trend (2022-2027)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2017-2021)
12.2.3 Forecast Trend (2022-2027)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2017-2021)
12.3.3 Forecast Trend (2022-2027)
12.4 Others
13 Middle East and Africa Plastic Compounding Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2017-2021)
13.1.3 Forecast Trend (2022-2027)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2017-2021)
13.2.3 Forecast Trend (2022-2027)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2017-2021)
13.3.3 Forecast Trend (2022-2027)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2017-2021)
13.4.3 Forecast Trend (2022-2027)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 BASF SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Arkema Group
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 AKRO-PLASTIC GmbH
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 DuPont
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 LyondellBasell Industries Holdings B.V.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Aurora Plastics LLC
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
Additional Customisations Available:
1Manufacturing Process
1.1Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Plastic Compounding Market: Key Industry Highlights, 2017 and 2027
2. Global Plastic Compounding Historical Market: Breakup by Product Type (USD Million), 2017-2021
3. Global Plastic Compounding Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4. Global Plastic Compounding Historical Market: Breakup by Application (USD Million), 2017-2021
5. Global Plastic Compounding Market Forecast: Breakup by Application (USD Million), 2022-2027
6. Global Plastic Compounding Historical Market: Breakup by Region (USD Million), 2017-2021
7. Global Plastic Compounding Market Forecast: Breakup by Region (USD Million), 2022-2027
8. North America Plastic Compounding Historical Market: Breakup by Country (USD Million), 2017-2021
9. North America Plastic Compounding Market Forecast: Breakup by Country (USD Million), 2022-2027
10. Europe Plastic Compounding Historical Market: Breakup by Country (USD Million), 2017-2021
11. Europe Plastic Compounding Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Asia Pacific Plastic Compounding Historical Market: Breakup by Country (USD Million), 2017-2021
13. Asia Pacific Plastic Compounding Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Latin America Plastic Compounding Historical Market: Breakup by Country (USD Million), 2017-2021
15. Latin America Plastic Compounding Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Middle East and Africa Plastic Compounding Historical Market: Breakup by Country (USD Million), 2017-2021
17. Middle East and Africa Plastic Compounding Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Global Plastic Compounding Market Structure.
Key Questions Answered in the Report
The market is estimated to witness healthy growth in the forecast period of 2022-2027 to reach almost USD 93.69 billion by 2027.
In 2021, the global market attained a value of nearly USD 60.18 billion.
The market is assessed to grow at a CAGR of 7.7% between 2022 and 2027.
The major market drivers are the thriving automotive industry and the surging substitution of natural rubber, wood, metals, glass, and concrete with plastic.
The key market trends include the surging usage of plastic in use in various industrial applications and the high demand for PET in the packaging industry.
The major regions in the market are Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa.
The various product types of plastic compounding in the market include polyethylene (PE), thermoplastic polyolefins (TPO), polypropylene (PP), polystyrene (PS), thermoplastic vulcanizates (TPV), poly vinyl chloride (PVC), polybutylene terephthalate (PBT), polyethylene terephthalate (PET), acrylonitrile butadiene styrene (ABS), polyamide, and polycarbonate, among others.
The different applications of plastic compounding in the market include automotive, building and construction, electrical and electronics, packaging, consumer goods, industrial machinery, medical devices, and optical media, among others.
The major players in the market are BASF SE, Arkema Group, AKRO-PLASTIC GmbH, DuPont, LyondellBasell Industries Holdings B.V., and Aurora Plastics LLC, among others.
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