Plastic Compounding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Plastic Compounding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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?
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?
Table of Contents
142 Pages
- 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
- 8.2 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
- 8.3 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
- 8.4 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
- 8.5 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
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