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Global Plastic Compounding Market Size, Trends, and Growth Opportunity, By Polymer Type (Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene & Expanded Polystyrene, Polyethylene Terephthalate, Polyurethane, Acrylonitrile Butadiene Styrene and Others), By End Use (Packaging, Building & Construction, Automotive, Electrical & Electronics, Medical, and Others), By Region and forecast till 2030.

Report ID : QR1003503 | Industries : Chemicals & Materials | Published On :August 2023 | Page Count : 223
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Global Plastic Compounding Market

 

The Global Plastic Compounding Market was valued at USD 66.55 billion in 2022 and is expected to reach USD 108.30 billion by 2030 at a CAGR of 7.2% from 2023-2030.

The term "Global Plastic Compounding Market" describes the global industry and market for plastic compounding. To generate customized plastic compounds with particular features, such as improved strength, durability, flame resistance, color, or other desirable traits, different additives, fillers, reinforcement materials, and polymer resins are combined.

 

Market Driver

 

A number of crucial variables are driving the enormous rise of the worldwide plastic compounding industry. First off, because they help reduce weight and improve performance, lightweight and strong plastics are becoming more and more in demand in sectors like automotive, packaging, and electronics. Furthermore, the demand for sustainable plastics, such as those made of bio-based and recycled materials, is being fueled by rising environmental awareness. Furthermore, significant developments in plastic compounding technology make it possible to produce plastics with better qualities like strength and flame resistance. Additionally, the market is rising because to the increased use of plastic compounding in numerous industries, including the construction, medical, and automotive sectors.

 

Market Restraints

 

The plastic compounding industry faces a number of difficulties, such as higher costs than traditional methods, complexity requiring specialized equipment and knowledge, variable raw material quality affecting the quality of the finished product, and competition from substitute materials like metals and composites, which may provide various benefits.

 

Impact of COVID-19

 

The COVID-19 pandemic first created issues for the plastic compounding industry due to supply chain interruptions and a decline in demand across a variety of industries. It also highlighted the significance of plastics to the packaging and healthcare sectors. Demand for single-use packaging materials for safety as well as for antimicrobial and medical-grade plastics changed as the pandemic progressed. The market's adaptability and resilience have been highlighted by the long-term consequences, which have been unequal, with some industries recovering while others are still having difficulties.

 

Recent Development

 

In September 2021, BASF, a supplier of plastic additives, has launched new additive solutions for mechanical recycling of plastics. The solutions, called IrgaCycle™, are designed to improve the properties of recycled plastics and enable circularity. IrgaCycle™ improves the mechanical, thermal, and barrier properties of recycled plastics, making them suitable for a wider range of applications. The solutions are also compatible with a variety of plastics, making them a versatile option for recyclers.

 

Market Segmentation

 

Global Plastic Compounding Market is segmented into polymer type and end use. By polymer type such as polypropylene, polyethylene, polyvinyl chloride, polystyrene & expanded polystyrene, polyethylene terephthalate, polyurethane, acrylonitrile butadiene styrene and others, By end use such as packaging, building & construction, automotive, electrical & electronics, medical, and others.

 

Regional Analysis

 

Global Plastic Compounding Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. The automotive, packaging, and construction industries in North America dominate the global market for plastic compounding. Additionally, the region is putting more of an emphasis on biodegradable and sustainable plastics. Due to its strong manufacturing sector and rising consumer demand, Asia-Pacific is a market for plastic compounding that is expanding quickly. The packaging, automobile, and consumer goods sectors are the main contributors in nations like China and India.

 

Key Players

 

This report includes a list of numerous Key Players, namely 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., and BASF SE.

 

Market Taxonomy

 

By Polymer Type

  • Polypropylene
  • Polyethylene
  • Polyvinyl Chloride
  • Polystyrene & Expanded Polystyrene
  • Polyethylene Terephthalate
  • Polyurethane
  • Acrylonitrile Butadiene Styrene
  • Others

 

By End Use

  • Packaging
  • Building & Construction
  • Automotive
  • Electrical & Electronics
  • Medical
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Latin America
  • Brazil
  • Argentina
  • Colombia
  • Peru
  • Chile
  • Venezuela
  • Rest of Latin America
  • Europe
  • Germany
  • France
  • UK
  • Russia
  • Italy
  • Spain
  • Rest of Europe
  • Asia Pacific
  • China    
  • Japan
  • India
  • South Korea
  • Australia
  • New Zealand
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest Middle East & Africa

 

Global Plastic Compounding Market

 

  1. Introduction
    1. Objective of the Study
    2. Market Definition
    3. Market Scope
  2. Research Methodology
    1. Data Mining
    2. Validation
    3. Primary Interviews
    4. List of Data Sources
  3. Executive Summary
  4. Global Plastic Compounding Market Outlook
    1. Overview
    2. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Cumulative Impact due to recent Energy Crisis
      5. Cumulative Impact due to Nearing Economic Downturn
      6. Post Covid-19 World Supply and Demand Conditions
      7. Cumulative Impact of Russia-Ukraine Conflict
    3. Porters Five Force Model
    4. Value Chain Analysis
  5. Global Plastic Compounding Market, By Polymer Type
    1. Y-o-Y Growth Comparison, By Polymer Type
    2. Global Plastic Compounding Market Share Analysis, By Polymer Type
    3. Global Plastic Compounding Market Size and Forecast, By Polymer Type
      1. Polypropylene
      2. Polyethylene
      3. Polyvinyl Chloride
      4. Polystyrene & Expanded Polystyrene
      5. Polyethylene Terephthalate
      6. Polyurethane
      7. Acrylonitrile Butadiene Styrene
      8. Others
  6. Global Plastic Compounding Market, By End Use
    1. Y-o-Y Growth Comparison, By End Use
    2. Global Plastic Compounding Market Share Analysis, By End Use
    3. Global Plastic Compounding Market Size and Forecast, By End Use
      1. Packaging
      2. Building & Construction
      3. Automotive
      4. Electrical & Electronics
      5. Medical
      6. Others
  7. Global Plastic Compounding Market, By Region
    1. Global Plastic Compounding Market Share Analysis, By Region
    2. Global Plastic Compounding Market Share Analysis, By Region
    3. Global Plastic Compounding Market Size and Forecast, By Region
  8. North America Plastic Compounding Market Analysis and Forecast (2023-2030)
    1. Introduction
    2. North America Plastic Compounding Market Share Analysis, By Polymer Type
    3. North America Plastic Compounding Market Share Analysis, By End Use
    4. North America Plastic Compounding Market Size and Forecast, By Country
      1. U.S.
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      2. Canada
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use 
      3. Mexico
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
  9. Europe Plastic Compounding Market Analysis and Forecast (2023-2030)
    1. Introduction
    2. Europe Plastic Compounding Market Share Analysis, By Polymer Type
    3. Europe Plastic Compounding Market Share Analysis, By End Use
    4. Europe Plastic Compounding Market Size and Forecast, By Country
      1. Germany
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      2. France
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      3. UK
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      4. Russia
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      5. Italy
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      6. Spain
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      7. Rest of Europe
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
  10. Asia Pacific Plastic Compounding Market Analysis and Forecast (2023-2030)
    1. Introduction
    2. Asia Pacific Plastic Compounding Market Share Analysis, By Polymer Type
    3. Asia Pacific Plastic Compounding Market Share Analysis, By End Use
    4. Asia Pacific Plastic Compounding Market Size and Forecast, By Country
      1. China
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      2. Japan
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      3. India
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      4. South Korea
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      5. Australia
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      6. New Zealand
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      7. Singapore
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      8. Malaysia
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      9. Rest of Asia
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
  11. Latin America Plastic Compounding Market Analysis and Forecast (2023-2030)
    1. Introduction
    2. Latin America Plastic Compounding Market Share Analysis, By Polymer Type
    3. Latin America Plastic Compounding Market Share Analysis, By End Use
    4. Latin America Plastic Compounding Market Size and Forecast, Country
      1. Brazil
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      2. Argentina
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      3. Colombia
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      4. Peru
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      5. Chile
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      6. Venezuela
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      7. Rest of Latin America
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
  12. Middle East Plastic Compounding Market Analysis and Forecast (2023-2030)
    1. Introduction
    2. Middle East Plastic Compounding Market Share Analysis, By Polymer Type
    3. Middle East Plastic Compounding Market Size and Forecast, By End Use
    4. Middle East Plastic Compounding Market Size and Forecast, By Country
      1. Saudi Arabia
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      2. UAE
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      3. Egypt
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      4. Kuwait
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      5. South Africa
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
      6. Rest of Middle East & Africa
        1. Market Size and Forecast, By Polymer Type
        2. Market Size and Forecast, By End Use
  13. Competitive Analysis
    1. Competition Dashboard
    2. Market share Analysis of Top Vendors
    3. Key Development Strategies
  14. Company Profiles
    1. Asahi Kasei Corporation
      1. Offerings
      2. Key Financials
      3. Business Segment & Geographic Overview
      4. Key Market Developments
      5. Key Strategies
    2. Kingfa Sci. and Tech. Co., Ltd.
      1. Overview
      2. Offerings
      3. Key Financials
      4. Business Segment & Geographic Overview
      5. Key Market Developments
      6. Key Strategies
    3. Solvay SA
      1. Overview
      2. Offerings
      3. Key Financials
      4. Business Segment & Geographic Overview
      5. Key Market Developments
      6. Key Strategies
    4. Celanese Corporation
      1. Overview
      2. Offerings
      3. Key Financials
      4. Business Segment & Geographic Overview
      5. Key Market Developments
      6. Key Strategies
    5. Polyone Corporation
      1. Overview
      2. Offerings
      3. Key Financials
      4. Business Segment & Geographic Overview
      5. Key Market Developments
      6. Key Strategies
    6. COVESTRO AG
      1. Overview
      2. Offerings
      3. Key Financials
      4. Business Segment & Geographic Overview
      5. Key Market Developments
      6. Key Strategies
    7. SABIC
      1. Overview
      2. Offerings
      3. Key Financials
      4. Business Segment & Geographic Overview
      5. Key Market Developments
      6. Key Strategies
    8. LyondellBasell Industries Holdings B.V.
      1. Overview
      2. Offerings
      3. Key Financials
      4. Business Segment & Geographic Overview
      5. Key Market Developments
      6. Key Strategies
    9. DowDuPont INC.
      1. Overview
      2. Offerings
      3. Key Financials
      4. Business Segment & Geographic Overview
      5. Key Market Developments
      6. Key Strategies
    10. BASF SE
      1. Overview
      2. Offerings
      3. Key Financials
      4. Business Segment & Geographic Overview
      5. Key Market Developments
      6. Key Strategies

 

 

 

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