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PUBLISHER: IMARC | PRODUCT CODE: 1207124
PUBLISHER: IMARC | PRODUCT CODE: 1207124
Plastic Compounding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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The global plastic compounding market size reached US$ 64.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 93.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
Plastic compounding refers to a process involving melt-blending of plastics with additional materials, such as additives, fillers, fibers, and colorants, to change the thermal, physical and aesthetic characteristics of plastics. It includes stages, such as determining additives ratio, high-speed mixing via twin-screw extruders, melt-mixing, cooling, and final pellet cutting and packaging. As it can help improve conductivity, stiffness, toughness, flame and wear resistance of plastics, plastic compounding is employed in the healthcare, electronics, and transportation industries across the globe.
Plastic Compounding Market Trends:
- At present, there is a considerable increase in the use of plastics in the automotive industry as they aid in reducing the weight of vehicles by replacing heavy materials, such as metal and glass. This, along with the rising sales of electric vehicles (EVs), represents one of the key factors impelling the growth of the market. Moreover, plastics developed through plastic compounding find extensive applications in the manufacturing of toys, furniture, pipes, seals, cables, floor coverings, appliances, and profiles for windows and doors. Apart from this, they are also utilized in the production of air ducts, cabin partitions, overhead luggage bins, avionics sensor plates, and ventilation impeller blades. This, coupled with the thriving aerospace industry, is positively influencing the market. Besides this, polypropylene (PP), a thermoplastic polymer, is widely used in textiles, stationery, laboratory equipment, loudspeakers, and polymer banknotes. In addition, it is employed in food packaging to make yogurt cups, ketchup bottles, and maple syrup, cream cheese, and sour cream containers. Other factors, such as rapid industrialization and significant growth in the construction sector, are anticipated to strengthen the growth of the market in the coming years.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global plastic compounding market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.
Breakup by Product:
- Polyethylene (PE)
- Polypropylene (PP)
- Thermoplastic Vulcanizates (TPV)
- Thermoplastic Polyolefins (TPO)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Polyethylene Terephthalate (PET)
- Polybutylene Terephthalate (PBT)
- Polyamide (PA)
- Polycarbonate (PC)
- Acrylonitrile Butadiene Systems (ABS)
- Others
Breakup by Application:
- Automotive
- Building & Construction
- Electrical & Electronics
- Packaging
- Consumer Goods
- Industrial Machinery
- Medical Device
- Optical Media
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Adell Plastics Inc., Agiplast, Asahi Kasei Corporation, Aurora Plastics LLC, BASF SE, Celanese Corporation, Coperion GmbH (Hillenbrand Germany Holding GmbH), Covestro AG, K.D. Feddersen, LyondellBasell Industries Holdings B.V., Ravago Manufacturing India Pvt. Ltd. and Solvay S.A.
Key Questions Answered in This Report:
- How has the global plastic compounding market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global plastic compounding market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global plastic compounding market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR1323A596_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Plastic Compounding Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Polyethylene (PE)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Polypropylene (PP)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Thermoplastic Vulcanizates (TPV)
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Thermoplastic Polyolefins (TPO)
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Polyvinyl Chloride (PVC)
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Polystyrene (PS)
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Polyethylene Terephthalate (PET)
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Polybutylene Terephthalate (PBT)
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
- 6.9 Polyamide (PA)
- 6.9.1 Market Trends
- 6.9.2 Market Forecast
- 6.10 Polycarbonate (PC)
- 6.10.1 Market Trends
- 6.10.2 Market Forecast
- 6.11 Acrylonitrile Butadiene Systems (ABS)
- 6.11.1 Market Trends
- 6.11.2 Market Forecast
- 6.12 Others
- 6.12.1 Market Trends
- 6.12.2 Market Forecast
7 Market Breakup by Application
- 7.1 Automotive
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Building & Construction
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Electrical & Electronics
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Packaging
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Consumer Goods
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Industrial Machinery
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Medical Device
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 7.8 Optical Media
- 7.8.1 Market Trends
- 7.8.2 Market Forecast
- 7.9 Others
- 7.9.1 Market Trends
- 7.9.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Adell Plastics Inc.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Agiplast
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Asahi Kasei Corporation
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Aurora Plastics LLC
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 BASF SE
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Celanese Corporation
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Coperion GmbH (Hillenbrand Germany Holding GmbH)
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Covestro AG
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 K.D. Feddersen
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 LyondellBasell Industries Holdings B.V.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 Ravago Manufacturing India Pvt. Ltd.
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Solvay S.A.
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.12.4 SWOT Analysis
- 13.3.1 Adell Plastics Inc.
Product Code: SR1323A596_Report
List of Figures
- Figure 1: Global: Plastic Compounding Market: Major Drivers and Challenges
- Figure 2: Global: Plastic Compounding Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Plastic Compounding Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Plastic Compounding Market: Breakup by Product (in %), 2022
- Figure 5: Global: Plastic Compounding Market: Breakup by Application (in %), 2022
- Figure 6: Global: Plastic Compounding Market: Breakup by Region (in %), 2022
- Figure 7: Global: Plastic Compounding (Polyethylene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Plastic Compounding (Polyethylene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Plastic Compounding (Polypropylene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Plastic Compounding (Polypropylene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Plastic Compounding (Thermoplastic Vulcanizates) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Plastic Compounding (Thermoplastic Vulcanizates) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Plastic Compounding (Thermoplastic Polyolefins) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Plastic Compounding (Thermoplastic Polyolefins) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Plastic Compounding (Polyvinyl Chloride) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Plastic Compounding (Polyvinyl Chloride) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Plastic Compounding (Polystyrene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Plastic Compounding (Polystyrene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Plastic Compounding (Polyethylene Terephthalate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Plastic Compounding (Polyethylene Terephthalate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Plastic Compounding (Polybutylene Terephthalate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Plastic Compounding (Polybutylene Terephthalate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Plastic Compounding (Polyamide) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Plastic Compounding (Polyamide) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Plastic Compounding (Polycarbonate) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Plastic Compounding (Polycarbonate) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Plastic Compounding (Acrylonitrile Butadiene Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Plastic Compounding (Acrylonitrile Butadiene Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Plastic Compounding (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Plastic Compounding (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Plastic Compounding (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Plastic Compounding (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Plastic Compounding (Building & Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Plastic Compounding (Building & Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Plastic Compounding (Electrical & Electronics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Plastic Compounding (Electrical & Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Plastic Compounding (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Plastic Compounding (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Plastic Compounding (Consumer Goods) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Plastic Compounding (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Plastic Compounding (Industrial Machinery) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Plastic Compounding (Industrial Machinery) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Global: Plastic Compounding (Medical Device) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Global: Plastic Compounding (Medical Device) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Global: Plastic Compounding (Optical Media) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Global: Plastic Compounding (Optical Media) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Global: Plastic Compounding (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Global: Plastic Compounding (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: North America: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: North America: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: United States: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: United States: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Canada: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Canada: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Asia-Pacific: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Asia-Pacific: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: China: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: China: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Japan: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Japan: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: India: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: India: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: South Korea: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: South Korea: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Australia: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Australia: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Indonesia: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Indonesia: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Others: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Others: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Europe: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Europe: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Germany: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Germany: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: France: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: France: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: United Kingdom: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: United Kingdom: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Italy: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Italy: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Spain: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Spain: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Russia: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Russia: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Others: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Others: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Latin America: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Latin America: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 89: Brazil: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 90: Brazil: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 91: Mexico: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 92: Mexico: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 93: Others: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 94: Others: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 95: Middle East and Africa: Plastic Compounding Market: Sales Value (in Million US$), 2017 & 2022
- Figure 96: Middle East and Africa: Plastic Compounding Market: Breakup by Country (in %), 2022
- Figure 97: Middle East and Africa: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 98: Global: Plastic Compounding Industry: SWOT Analysis
- Figure 99: Global: Plastic Compounding Industry: Value Chain Analysis
- Figure 100: Global: Plastic Compounding Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Plastic Compounding Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Plastic Compounding Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 3: Global: Plastic Compounding Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Plastic Compounding Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Plastic Compounding Market: Competitive Structure
- Table 6: Global: Plastic Compounding Market: Key Players
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