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The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.
The global plastic compounding market size was USD 52.74 billion in 2018 is projected to reach USD 87.11 billion by 2026, exhibiting a CAGR of 6.5% during the forecast period from 2024-2032.
Key Market Highlights:
Key Market Highlights:
Automotive & Transportation Dominates:
This segment holds the largest market share due to growing adoption of compounded plastics for lightweighting vehicles.
Helps improve vehicle fuel efficiency and extend component life.
Construction Demand Rising:
14.6% market share in 2018 came from infrastructure & construction.
Plastics are used in pipes, cables, doors, safety windows, and flooring due to their durability and corrosion resistance.
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Market Drivers & Restraints:
Market Drivers & Restraints:
Drivers
Drivers
Booming Construction Activities:
Growing residential and commercial projects worldwide.
Rising demand for modern interiors and sustainable building materials.
Automotive Industry Growth:
Demand for low-emission, lightweight vehicles.
Increased adoption of plastic compounding to replace metals.
Technological Advancements:
Innovations in polymer technology enhance performance, durability, and recyclability.
Restraints
Restraints
Raw Material Price Volatility:
Fluctuating crude oil prices impact cost of production.
Can limit profit margins for manufacturers.
List of the Companies Profiled in the Global Plastic Compounding Market are:
LANXESS A.G.
BASF SE
PolyVisions
Asahi Kasei Corporation
Aurora Plastics LLC
SABIC
LyondellBasell
Kingfa SCI. & TECH. CO., LTD.
DuPont
Celanese Corporation
RTP Company
Solvay S.A.
KURARAY CO., LTD.
Kraton Corporation
Covestro AG
Kraton Corporation
MRC Polymers
Adell Plastics
Other Key Players
Regional Insights:
Regional Insights:
Asia Pacific:
Largest regional market led by China and India.
Growing automotive production and industrialization drive demand.
North America:
High demand from healthcare, pharmaceuticals, and electronics sectors.
U.S. accounted for USD 10.02 billion in 2018.
Europe:
Germany leading growth with rising production of electric vehicles.
This Report Answers the Following Questions:
What are the plastic compounding market trends?
How many growth drivers and barriers will the market possess?
Which organizations are set to remain on top in the market?
What are the strategies adopted by industry giants to strengthen their position?
Which segment is set to dominate the market during the forthcoming years?
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Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Emerging Trends – For Major Countries
Key Developments: Mergers, Acquisition, Partnership, etc.
Latest Technological Advancement
Insights on Regulatory Scenario
Porters Five Forces Analysis
Global Plastic Compounding Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Analysis, Insights and Forecast – By Type
Polyethylene (PE)
Polypropylene (PP)
Poly Vinyl Chloride (PVC)
Polystyrene (PS)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Polyamide (PA)
Polycarbonate (PC)
Acrylonitrile Butadiene Styrene (ABS)
Others
Market Analysis, Insights and Forecast – By Application
Automotive & Transportation
Infrastructure & Construction
Electrical & Electronics
Packaging
Consumer Goods / Lifestyle
Industrial Machinery
Healthcare & Pharmaceuticals
Others
Market Analysis, Insights and Forecast – By Region
North America
Europe
Asia pacific
Latin America
Middle East & Africa
TOC Continued…!
Competitive Landscape-
Lanxess Inaugurates New Plant in China; LyondellBasell Acquires A. Schulman, Inc.
Reputed companies present in the market are either investing huge sums in building brand new plants or are engaging in the strategy of mergers and acquisitions to widen their geographic reach and product portfolio.
Below are a couple of the latest key industry developments:
May 2019 – BASF expanded production capacity at its Altamira, Mexico plant by 15 KT per year to meet rising global demand for engineering plastics, including Ultradur (PBT) and Ultramid (PA).
January 2019 – Celanese Corporation acquired Next Polymers Ltd., a leading Indian thermoplastics compounder, strengthening its presence in India and enhancing its ability to supply high-quality nylon and engineered materials.
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