According to the report, the global Plastic Compounding Market Size is projected to reach US Dollar 104.1 Billion by 2027 and is projected to expand at a CAGR of ~6.71%% over the forecast period of 2020 to 2027.
Growing demand of design, more durable, necessity for lightweight and low emission materials are some of the factors that are pushing plastics and polymer sector to cultivatenovel and inventive materials. Polymer compound and material improvementoccurs in each stage of polymer research and development process to manufacture materials with divers equalities, to the base material or to create material with anticipated properties with the help of multiple additives.
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Growth Factors
Plastic is extensively used in numerous activities of infrastructure sector. Plastic compounding is regularly being utilized to widen the utility and life of outdated building materials, and helps them to function more economically and reliably. Augmented use in the infrastructure area is one of the prominent influencing factors for the growth of plastic compounding market globally. Infrastructure sector is showing tremendous growth on account of rising development of new highways/expressways, airports, modern seaports, multi-modal logistics parks and metro-rail. Government organizations further support the various development activities in the infrastructure sector across the world. There are numerous regulations and rules on the development of roads, airports, highways, and railways to enhance specific country’s economy.
Report Highlights
- In terms of volume and revenue, polypropylene emerged as utmost consumed plastic compounding product. Its growing production is fueled by great demand from medical device and packaging sectors globally.
- Cumulative need for improved service ability, heat resistance and flame retardancy is likely to trigger growth of the product in electrical and electronics industries
- Construction has emerged as prominent application sector for polyethylene compounds with occupying mass application worldwide
- Bioplastic organizations are finding innovative approaches for manufacturing bioplastics from diverse kinds of raw materials
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Regional Snapshots
In 2019, Asia Pacific occupied majority of the revenue share of the global plastic compounding market which was around 42%. This growth is on account of augmented applications in numerous sectors including consumer goods, automobiles, electronics, packaging, and construction among others. This region attracted several manufacturers due to low cost labor, economical manufacturing units set up, and cheap raw resources. Certain noticeable players in Asia Pacific have introduced innovative products and broadened their business units. Europe has also appeared as rapidly growing market for plastic compounding. Germany, France, Russia and UK, are the some of the keyrevenue generating markets in this region. Different federal level agencies including European Commission and European Chemicals Agency (ECHA) have pigeonholed rigorous environmental guidelines related to the consumption and production of the materials. These regulations are pushing players to improve processes and to advance ecological products and technologies.
Developing nations including Mexico are likely to profit from mounting building and construction expenditure and preference of users forusing lightweight and maintainable building materials instead of conventional materials.
Key Players & Strategies
Global plastic compounding market is extremely fragmented with more than 60% share captured by SMEs. Players are speedily intensifying their fabrication competences to amalgamate their market status. This industry has observed noteworthy capacity developments in China due toadvent of standalone independent compounders. Backward integration is one of the foremost industry-wide drifts in the compounding business that is also happening in other facets of the plastics sector.
Strategic acquisitions and new production facilities are also identified as major factors that will drive market growth. Continuously rising requirement for resins, polymers, and plastic compounds from multiple end-user sectors including construction, automotive, healthcare, and packaging, consumer and electronics industries among others are further pushing the market growth. Suchrising demand for plastic compounds has fortified market participants to develop their market presence with the help of strategic mergers and acquisitions and starting new fabrication facilities. For example, LyondellBasell acquired A. Schulman Inc. in order to upsurge their resin and plastic compounds production. Likewise, RTP Company startednew-fangled production facilities in the Poland and US and are scheduling to surge their manufacturing capability of its current facility in Wisconsin, U.S.
Market Segmentation
By Application
- Electronics & Electrical
- Automotive
- Packaging
- Building & Construction
- Industrial Machinery
- Optical Media
- Consumer Goods
- Medical Devices
- Others
By Product
- Thermoplastic Polyolefins (TPO)
- Poly Vinyl Chloride (PVC)
- Polypropylene (PP)
- Polyethylene
- Thermoplastic Vulcanizates (TPV)
- Polystyrene
- Polybutylene Terephthalate (PBT)
- Polycarbonate
- Acrylonitrile Butadiene Styrene (ABS)
- Polyethylene (PET)
- Polyamide
- Others
By Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- France
- Germany
- Italy
- Asia Pacific
- China
- Japan
- India
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Plastic Compounding Market, By Product
7.1. Plastic Compounding Market, by Product Type, 2020-2027
7.1.1. Thermoplastic Polyolefins (TPO)
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Poly Vinyl Chloride (PVC)
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Polypropylene (PP)
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Polyethylene
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Thermoplastic Vulcanizates (TPV)
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Polystyrene
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Polybutylene Terephthalate (PBT)
7.1.7.1. Market Revenue and Forecast (2016-2027)
7.1.8. Polycarbonate
7.1.8.1. Market Revenue and Forecast (2016-2027)
7.1.9. Acrylonitrile Butadiene Styrene (ABS)
7.1.9.1. Market Revenue and Forecast (2016-2027)
7.1.10. Polyethylene (PET)
7.1.10.1. Market Revenue and Forecast (2016-2027)
7.1.11. Polyamide
7.1.11.1. Market Revenue and Forecast (2016-2027)
7.1.12. Others
7.1.12.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Plastic Compounding Market, By Application
8.1. Plastic Compounding Market, by Application, 2020-2027
8.1.1. Electronics & Electrical
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Automotive
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Packaging
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Building & Construction
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Industrial Machinery
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Optical Media
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. Consumer Goods
8.1.7.1. Market Revenue and Forecast (2016-2027)
8.1.8. Medical Devices
8.1.8.1. Market Revenue and Forecast (2016-2027)
8.1.9. Others
8.1.9.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Plastic Compounding Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2016-2027)
9.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.3.2. Market Revenue and Forecast, by Application (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2016-2027)
9.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
Chapter 10. Company Profiles
10.1. BASF SE
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Kingfa Sci. and Tech. Co., Ltd.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Asahi Kasei Corporation
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Covestro AG
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. LyondellBasell Industries Holdings B.V.
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Celanese Corporation
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Polyone Corporation
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. DowDuPont Inc.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. SABIC
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Solvay SA
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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