The global plastic compounding market size is set to gain traction from their increasing usage in the automotive and packaging industry. Besides, construction activities in emerging economies are increasing at a fast pace. In addition to that, ongoing technological advancements in the electrical and automotive industries would affect the market positively in the coming years. The demand for these products is also growing from the food and beverage industry as they help in reducing quality degradation and contamination.
The global plastic compounding market size was USD 52.74 billion in 2018 is projected to reach USD 87.11 billion by 2026, exhibiting a CAGR of 6.5% during the forecast period from 2024-2032.
Key Market Highlights:
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Automotive & Transportation Dominates:
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This segment holds the largest market share due to growing adoption of compounded plastics for lightweighting vehicles.
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Helps improve vehicle fuel efficiency and extend component life.
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Construction Demand Rising:
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14.6% market share in 2018 came from infrastructure & construction.
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Plastics are used in pipes, cables, doors, safety windows, and flooring due to their durability and corrosion resistance.
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Market Drivers & Restraints:
Drivers
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Booming Construction Activities:
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Growing residential and commercial projects worldwide.
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Rising demand for modern interiors and sustainable building materials.
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Automotive Industry Growth:
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Demand for low-emission, lightweight vehicles.
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Increased adoption of plastic compounding to replace metals.
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Technological Advancements:
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Innovations in polymer technology enhance performance, durability, and recyclability.
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Restraints
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Raw Material Price Volatility:
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Fluctuating crude oil prices impact cost of production.
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Can limit profit margins for manufacturers.
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List of the Companies Profiled in the Global Plastic Compounding Market are:
- LANXESS A.G.
- BASF SE
- PolyVisions
- Asahi Kasei Corporation
- Aurora Plastics LLC
- SABIC
- LyondellBasell
- Kingfa SCI. & TECH. CO., LTD.
- DuPont
- Celanese Corporation
- RTP Company
- Solvay S.A.
- KURARAY CO., LTD.
- Kraton Corporation
- Covestro AG
- Kraton Corporation
- MRC Polymers
- Adell Plastics
- Other Key Players
Regional Insights:
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Asia Pacific:
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Largest regional market led by China and India.
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Growing automotive production and industrialization drive demand.
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North America:
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High demand from healthcare, pharmaceuticals, and electronics sectors.
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U.S. accounted for USD 10.02 billion in 2018.
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Europe:
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Germany leading growth with rising production of electric vehicles.
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This Report Answers the Following Questions:
- What are the plastic compounding market trends?
- How many growth drivers and barriers will the market possess?
- Which organizations are set to remain on top in the market?
- What are the strategies adopted by industry giants to strengthen their position?
- Which segment is set to dominate the market during the forthcoming years?
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Global Plastic Compounding Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Polyethylene (PE)
- Polypropylene (PP)
- Poly Vinyl Chloride (PVC)
- Polystyrene (PS)
- Polyethylene Terephthalate (PET)
- Polybutylene Terephthalate (PBT)
- Polyamide (PA)
- Polycarbonate (PC)
- Acrylonitrile Butadiene Styrene (ABS)
- Others
- Market Analysis, Insights and Forecast – By Application
- Automotive & Transportation
- Infrastructure & Construction
- Electrical & Electronics
- Packaging
- Consumer Goods / Lifestyle
- Industrial Machinery
- Healthcare & Pharmaceuticals
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Latin America
- Middle East & Africa
TOC Continued…!
Competitive Landscape-
Lanxess Inaugurates New Plant in China; LyondellBasell Acquires A. Schulman, Inc.
Reputed companies present in the market are either investing huge sums in building brand new plants or are engaging in the strategy of mergers and acquisitions to widen their geographic reach and product portfolio.
Below are a couple of the latest key industry developments:
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May 2019 – BASF expanded production capacity at its Altamira, Mexico plant by 15 KT per year to meet rising global demand for engineering plastics, including Ultradur (PBT) and Ultramid (PA).
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January 2019 – Celanese Corporation acquired Next Polymers Ltd., a leading Indian thermoplastics compounder, strengthening its presence in India and enhancing its ability to supply high-quality nylon and engineered materials.
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