Industry

Plastic Compounding Market Insights, Opportunities, Analysis,Growth Potential and Global Forecast 2023

Global Plastic Compounding Market is estimated to reach USD 7,62,472.7 million by 2023 registering a CAGR of 6.03%.

The Global Plastic Compounding Market Industry Report 2023 is an in depth study analyzing the current state of the Global Plastic Compounding Market.

Global Plastic Compounding Market

The new research from Ameco Research on Global Plastic Compounding Market Size Report for 2023 intends to offer target audience with the fresh outlook on market and fill in the knowledge gaps with the help of processed information and opinions from industry experts. The information in the research report is well-processed and a report is accumulated by industry professionals and seasoned experts in the field to ensure of the quality of research.

The research is backed by extensive and in-depth secondary research which involves reference to various statistical databases, national government documents, relevant patent and regulatory databases, news articles, press releases, company annual reports, webcasts, financial reports, and a number of internal and external proprietary databases. This estimated data is cross-checked with industry experts from various leading companies in the market. After the entire authentication process, these reports are shared with subject matter experts (SMEs) for adding further value and to gain their insightful opinion on the research. With such robust process of data extraction, verification, and finalization, we firmly endorse the quality of our research. With such extensive and in-depth research and comprehensive coverage of information, it is always a possibility of clients finding their desired information in the report with enclosure of key components and valuable statistics in all regards.

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Plastic compounding is a blend of base polymers such as polyethylene (PE), polypropylene (PP), and polyvinyl chloride (PVC) with an additive. The base polymers are first melted and blended with additives such as anti-oxidants, colorants, and reinforcements to achieve the required properties. Combination of polymers with additive enhances the physical, thermal, and electrical properties of the plastic so as to make it suitable for applications in an array of end-use industries. Various properties of plastics compounding such as lightweight, flexibility, low density, durability, improved barrier resistance, insulation, energy-saving, improved weathering, and aesthetic appeal have increased application of plastics compounding in end-use industries.

According to Our analysis, the global plastic compounding market is estimated to reach USD 7,62,400 million by 2023 registering a CAGR of 6.03% during the forecast period. The polypropylene was dominant segment, accounted for second-largest market share and was valued at USD 1,67,604.7 million in 2017; it is projected to exhibit a CAGR of 6.50% during the forecast period. The application is increasing in the automotive industry owing to its high impact resistance property. Polypropylene has good fatigue resistance and better chemical and temperature resistance, which has made it a popular material for multiple applications. Thus, the demand for lightweight automotive parts driven by the need for fuel efficient and reduced emission vehicles is favoring the demand for polypropylene. However, the raw materials prices used to produce plastic compounding such as polymers, plastic additives, lubricants, and solvents are volatile. These raw materials are derived from crude oil. Volatile crude oil prices due to political instability, supply–demand gap, and seasonal variations are negatively expected to impact the growth of the global market. The global crude oil prices have witnessed fluctuations over the recent past, which is expected to hindering the global market growth. Moreover, the growing production and consumption of plastic compounds have led to an increase in plastic waste, which is favoring the use of recycled plastic in various end-use industries.

Regional Analysis

The global plastic compounding market by region is segmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific accounted for the largest market in 2017 owing to rapid industrialization and infrastructural development activities in the region. For instance, a rapidly increasing automotive and electrical & electronics hub in the ASEAN is a key factor driving the global market growth. The demand for plastic compounding is projected to increase in several countries of Asia-Pacific such as Japan, China, Indonesia, India, and Rest of Asia Pacific. The growth of the residential and industrial infrastructure in these countries is driving the demand for plastic compounds in the construction industry. In 2017, China dominated the regional market with a value of around USD 1,09,316.4 million and is projected to retain its position during the review period with a significant CAGR of 6.63%. Some of the prominent factors driving the growth of the Asia-Pacific market are the continuous growth in the automotive industry, avalibility of low-cost labor, increasing per capita disposable income, and less regulatory norms in developing economies. Furthermore, Europe is expected to be the second-largest regional market due to the growing adoption of lightweight materials in the automotive industry on account of increasing scrutiny on vehicular emissions, and regulatory mandates, which consequebntly will increase the demand for plastic compounding. Increasing investments in industries such as automotive, construction, packaging, and electronics in the emerging economies such as North America and Latin America is projected to create substantial growth opportunities for the players operating in the regions in the coming years

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Segmentation

The global plastic compounding market has been categorized based on product, application, and region. On the basis of product, the global market has been segmented into polypropylene, polyethylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, acrylonitrile butadiene styrene, polyamide, thermoplastic polyolefins, polybutylene terephthalate, thermoplastic vulcanizates, polycarbonate, and others. By application, the global market has been divided into automotive, packaging, building & construction, consumer goods, industrial machinery, medical devices, electrical & electronics, optical media, and others. The global plastic compounding market, by region, has been segmented into Latin America, North America, Asia-Pacific, Middle East & Africa, and Europe.

Key Players

Some of the leading players operating in the global plastic compounding market are Borealis AG (Austria), INEOS (Switzerland), Versalis S.p.A (Eni S.p.A) (Italy), Asahi Kasei Corporation (Japan), Covestro AG (Germany), SO.F.TER S.r.l (Italy), 3M (U.S.), Lanxess AG (Germany), DowDuPont (U.S.), and BASF SE (Germany), among others.

Geographic Analysis

The report covers a brief analysis of geographies such as:
• North America
o US
o Canada
• Europe
o Germany
o Spain
o France
o UK
o Czech Republic
o Russia
o Italy
o Belgium
o Poland
o The Netherlands
o Portugal
o Austria
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
• Middle East & Africa
o Turkey
o UAE
o Saudi Arabia
o North Africa
o Rest of Middle East & Africa

Key Findings

The global plastic compounding market is estimated to reach USD 7,62,472.7 million by 2023 registering a CAGR of 6.03%. Asia-Pacific is expected to be the dominant regional market with around 47.7% share due to large volume consumption of plastic compounding in the automotive industry. China is the leading country in Asia-Pacific due to the recent trend of electric vehicles which has surged the application of plastic compounding in automotive components replacing metal parts. In addition, increasing investments in construction activities across Saudi Arabia and UAE is expected to boost the demand for plastic compounding in the building & construction industry. The polypropylene is estimated to be the promising segment during the forecast period, with a share of 31.2% of the global plastic compounding market in 2017, while the polyethylene terephthalate segment is projected to register the highest CAGR of 7.25% during the assessment period.

Intended Audience

• Plastic Compounding Manufacturers
• Suppliers and Distributors
• Potential Investors
• Raw Material Suppliers
• Associations
• Government
• End-Use Industries
DC – Description
• plastic blends
• thermoplastic polymer
• polyolefins
• high-density polyethylene
• hydrocarbon polymer

Available customization:

With the given market information, Ameco research offers customization’s in line with the company’s specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Plastic Compounding Market, by end-use.
Detailed analysis and profiles of additional market players.

Table of Contents

Global Plastic Compounding Market- Forecast 2023

1 Executive Summary

2 Market Introduction
2.1 Definition
2.2 The scope of the Study
2.3 List of Assumptions
2.4 Limitations
2.5 Market Structure

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing plastic consumption in the automotive industry
4.2.2 Replacement for glass and metals
4.2.3 Rising demand for light and innovative materials in the packaging industry
4.2.4 Growth of key end-use industries
4.3 Restraint
4.3.1 Volatility in raw material prices
4.4 Opportunity
4.4.1 Growing use of recycled plastic in various end-use industries
4.5 Trend
4.5.1 Increasing use of bio-based plastic in various end-use applications

5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Plastic Compounding Manufacturers
5.1.3 Distribution Channel
5.1.4 End-Use Industry
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Rivalry
5.2.3 Threat of Substitutes
5.2.4 Bargaining Power of Suppliers
5.2.5 Bargaining Power of Buyers

6 Global Plastic Compounding Market, By Product
6.1 Polypropylene
6.2 Polyethylene
6.3 Polyvinyl Chloride
6.4 Polyethylene Terephthalate
6.5 Polystyrene
6.6 Acrylonitrile Butadiene Styrene
6.7 Polyamide
6.8 Polycarbonate
6.9 Thermoplastic Polyolefin
6.1 Thermoplastic Vulcanizates
6.11 Polybutylene Terephthalate
6.12 Others

7 Global Plastic Compounding Market, By Application
7.1 Automotive
7.2 Electrical & Electronics
7.3 Building & Construction
7.4 Packaging
7.5 Consumer Goods
7.6 Industrial Machinery
7.7 Medical Devices
7.8 Optical Media
7.9 Others

8 Global Plastic Compounding Market, By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 CANADA

8.3 Europe
8.3.1 Germany
8.3.2 Spain
8.3.3 France
8.3.4 U.K
8.3.5 Italy
8.3.6 Russia
8.3.7 Belgium
8.3.8 The Netherlands
8.3.9 Poland
8.3.10 Portugal
8.3.11 Czech Republic
8.3.12 Austria
8.3.13 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest Of Asia Pacific
8.5 Latin America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Mexico
8.5.4 Rest of Latin America
8.6 Middle East & Africa
8.6.1 Turkey
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 North Africa
8.6.5 Rest of Middle East & Africa

9 Competitive Landscape
9.1.1 Global Plastic Compounding Market: Competitive Landscape

10 Company Profiles
10.1 Borealis AG
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products Offered
10.1.4 Key Developments
10.1.5 Swot Analysis
10.1.6 Key Strategies
10.2 INEOS
10.2.1 Company Overview
10.2.2 Financial Overview
10.2.3 Products Offered
10.2.4 Key Developments
10.2.5 Swot Analysis
10.2.6 Key Strategy
10.3 Versalis S.p.A (Eni S.p.A)
10.3.1 Company Overview
10.3.2 Financial Overview
10.3.3 Products Offered
10.3.4 Key Developments
10.3.5 Swot Analysis
10.3.6 Key Strategies
10.4 Asahi Kasei Corporation
10.4.1 Company Overview
10.4.2 Financial Overview
10.4.3 Products Offered
10.4.4 Key Developments
10.4.5 Swot Analysis
10.4.6 Key Strategy
10.5 Covestro AG
10.5.1 Company Overview
10.5.2 Financial Overview
10.5.3 Products Offered
10.5.4 Key Developments
10.5.5 Swot Analysis
10.5.6 Key Strategies
10.6 SO.F.TER S.r.l
10.6.1 Company Overview
10.6.2 Financial Overview
10.6.3 Products Offered
10.6.4 Key Developments
10.6.5 Swot Analysis
10.6.6 Key Strategies
10.7 3M (Dyneon GmbH)
10.7.1 Company Overview
10.7.2 Financial Overview
10.7.3 Products Offered
10.7.4 Key Developments
10.7.5 Swot Analysis
10.7.6 Key Strategy
10.8 Lanxess AG
10.8.1 Company Overview
10.8.2 Financial Overview
10.8.3 Products Offered
10.8.4 Key Developments
10.8.5 Swot Analysis
10.8.6 Key Strategies
10.9 DowDuPont
10.9.1 Company Overview
10.9.2 Financial Overview
10.9.3 Products Offered
10.9.4 Key Developments
10.9.5 Swot Analysis
10.9.6 Key Strategy
10.1 BASF SE
10.10.1 Company Overview
10.10.2 Financial Overview
10.10.3 Products Offered
10.10.4 Key Developments
10.10.5 Swot Analysis
10.10.6 Key Strategy
10.11 LyondellBasell Industries NV
1.11.1 Company Overview
10.11.1 Financial Overview
10.11.2 Products Offered
10.11.3 Key Developments
10.11.4 Swot Analysis
10.11.5 Key Strategies
10.12 Total S.A.
10.12.1 Company Overview
10.12.2 Financial Overview
10.12.3 Products Offered
10.12.4 Key Developments
10.12.5 Swot Analysis
10.12.6 Key Strategy
10.13 SABIC
10.13.1 Company Overview
10.13.2 Financial Overview
10.13.3 Products Offered
10.13.4 Key Developments
10.13.5 Swot Analysis
10.13.6 Key Strategy
10.14 KURARAY CO., LTD.
10.14.1 Company Overview
10.14.2 Financial Overview
10.14.3 Products Offered
10.14.4 Key Developments
10.14.5 Swot Analysis
10.14.6 Key Strategy

11 Conclusion
11.1 Key Findings

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