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Plastic Compounding Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global plastic compounding market size reached US$ 60.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 88.77 Billion by 2027, exhibiting a growth rate (CAGR) of 6.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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?

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

List of Figures

Figure 1: Global: Plastic Compounding Market: Major Drivers and Challenges
Figure 2: Global: Plastic Compounding Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Plastic Compounding Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Plastic Compounding Market: Breakup by Product (in %), 2021
Figure 5: Global: Plastic Compounding Market: Breakup by Application (in %), 2021
Figure 6: Global: Plastic Compounding Market: Breakup by Region (in %), 2021
Figure 7: Global: Plastic Compounding (Polyethylene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Plastic Compounding (Polyethylene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Plastic Compounding (Polypropylene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Plastic Compounding (Polypropylene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Plastic Compounding (Thermoplastic Vulcanizates) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Plastic Compounding (Thermoplastic Vulcanizates) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Plastic Compounding (Thermoplastic Polyolefins) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Plastic Compounding (Thermoplastic Polyolefins) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Plastic Compounding (Polyvinyl Chloride) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Plastic Compounding (Polyvinyl Chloride) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Plastic Compounding (Polystyrene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Plastic Compounding (Polystyrene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Plastic Compounding (Polyethylene Terephthalate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Plastic Compounding (Polyethylene Terephthalate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Plastic Compounding (Polybutylene Terephthalate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Plastic Compounding (Polybutylene Terephthalate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Plastic Compounding (Polyamide) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Plastic Compounding (Polyamide) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Plastic Compounding (Polycarbonate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Plastic Compounding (Polycarbonate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Plastic Compounding (Acrylonitrile Butadiene Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Plastic Compounding (Acrylonitrile Butadiene Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Plastic Compounding (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Plastic Compounding (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Plastic Compounding (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Plastic Compounding (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Plastic Compounding (Building & Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Plastic Compounding (Building & Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Plastic Compounding (Electrical & Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Plastic Compounding (Electrical & Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Plastic Compounding (Packaging) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Plastic Compounding (Packaging) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Plastic Compounding (Consumer Goods) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Plastic Compounding (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Plastic Compounding (Industrial Machinery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Plastic Compounding (Industrial Machinery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Global: Plastic Compounding (Medical Device) Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Global: Plastic Compounding (Medical Device) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Global: Plastic Compounding (Optical Media) Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Global: Plastic Compounding (Optical Media) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Global: Plastic Compounding (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Global: Plastic Compounding (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: North America: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: North America: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United States: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United States: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Canada: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Canada: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Asia-Pacific: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Asia-Pacific: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: China: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: China: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Japan: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Japan: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: India: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: India: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: South Korea: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: South Korea: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Australia: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Australia: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Indonesia: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Indonesia: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Europe: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Europe: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Germany: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Germany: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: France: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: France: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: United Kingdom: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: United Kingdom: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Italy: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Italy: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Spain: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Spain: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Russia: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Russia: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Latin America: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Latin America: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Brazil: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Brazil: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Mexico: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 92: Mexico: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 93: Others: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 94: Others: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 95: Middle East and Africa: Plastic Compounding Market: Sales Value (in Million US$), 2016 & 2021
Figure 96: Middle East and Africa: Plastic Compounding Market: Breakup by Country (in %), 2021
Figure 97: Middle East and Africa: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 98: Global: Plastic Compounding Industry: SWOT Analysis
Figure 99: Global: Plastic Compounding Industry: Value Chain Analysis
Figure 100: Global: Plastic Compounding Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Plastic Compounding Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Plastic Compounding Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Plastic Compounding Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Plastic Compounding Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Plastic Compounding Market: Competitive Structure
Table 6: Global: Plastic Compounding Market: Key Players


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