PUBLISHER: Lucintel | PRODUCT CODE: 1417211
PUBLISHER: Lucintel | PRODUCT CODE: 1417211
The future of the global plastic compounding market looks promising with opportunities in the automotive, construction, electrical & electronic, packaging, consumer good, and industrial machinery markets. The global plastic compounding market is expected to reach an estimated $91.9 billion by 2030 with a CAGR of 5.9% from 2024 to 2030. The major drivers for this market are growing adoption of plastics as a substitute of metals and alloys in automotive components and increasing demand from the packaging and building & construction sectors.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global plastic compounding by product, application, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies plastic compounding companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the plastic compounding companies profiled in this report include-
Lucintel forecasts that polypropylene will remain the largest segment over the forecast period due to its excellent fatigue resistance and superior chemical and temperature resistance properties.
Within this market, automotive is expected to witness the highest growth due to growing use of plastics instead of metals and alloys in automotive components.
APAC will remain the largest region over the forecast period due to rapid industralization and presence of plastic manufacturers in the region.
Market Size Estimates: Plastic compounding market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Plastic compounding market size by product, application, and region in terms of value ($B).
Regional Analysis: Plastic compounding market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the plastic compounding market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the plastic compounding market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q1. What is the plastic compounding market size?
Answer: The global plastic compounding market is expected to reach an estimated $91.9 billion by 2030.
Q2. What is the growth forecast for plastic compounding market?
Answer: The global plastic compounding market is expected to grow with a CAGR of 5.9% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the plastic compounding market?
Answer: The major drivers for this market are growing adoption of plastics as a substitute of metals and alloys in automotive components and increasing demand from the packaging and building & construction sectors.
Q4. What are the major segments for plastic compounding market?
Answer: The future of the plastic compounding market looks promising with opportunities in the automotive, construction, electrical & electronic, packaging, consumer good, and industrial machinery markets.
Q5. Who are the key plastic compounding market companies?
Answer: Some of the key plastic compounding companies are as follows.
Q6. Which plastic compounding market segment will be the largest in future?
Answer: Lucintel forecasts that polypropylene will remain the largest segment over the forecast period due to its excellent fatigue resistance and superior chemical and temperature resistance properties.
Q7. In plastic compounding market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid industralization and presence of plastic manufacturers in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.