Product Code: PM1197
The global plastic compounding market size is expected to reach USD 129.55 billion by 2032, according to a new study by Polaris Market Research. The report "Plastic Compounding Market Share, Size, Trends, Industry Analysis Report, By Source (Fossil-based, Bio-based, Recycled); By Product; By End-use; By Region; And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
A major factor propelling the market is the increasing need for automobiles, especially in developing nations like China & India. The need for automobiles is predicted to rise sharply as these nations' fast industrialization and rise in personal disposable income continue. The trend toward lighter vehicle production and the growing demand for electric cars also favor the growth. Worldwide sales of electric vehicles (EVs) have been increasing, with Europe, China, and the United States accounting for over 95% of total sales by 2022.
Outside of China, (EMDEs) make up a minor percentage of the global EV industry, but demand for EVs has lately increased. India, Indonesia, and Thailand had strong growth in electric mobility in 2022, with electric car sales more than tripling from 2021 levels. China's overall sales of electric light commercial vehicles (LCVs) are selling more than 130,000 units, with electric cars accounting for approximately 15% of LCV sales.
Additionally, lightweight materials like plastics are becoming increasingly necessary as automakers try to make their cars lighter to comply with emissions regulations and increase fuel economy.
Growing industrialization and urbanization have led to a significant demand for plastic compounding in several sectors. While compounded plastics are essential to the packaging industry due to their adaptability and preservation characteristics, polymers such as PVC mixes are essential for durable and versatile building materials in the development of cities.
Furthermore, there have been notable advancements in R&D and technology. The use of alternatives like bioplastic or recycled plastic is on the rise as they reduce the damage to the environment. Bioplastics may be produced from naturally occurring renewable materials and utilized as food packaging material. Bio-plastic films use natural elements like licorice root and the starch from tamarind and berry seeds.
Plastic Compounding Market Report Highlights
Polypropylene dominated the market, owing to its fatigue resistance and good chemical and temperature resistance
Fossil- based segment accounted for the largest revenue share, owing to its broad use in industries such as packaging, building and construction, and automotive
The packaging segment will grow at rapid pace, due to a variety of physical processes and combine with additives to provide affordable packaging solutions
Asia Pacific dominated the market, primarily due to rapid industrialization and urbanization
The global key market players include BASF, Dow DuPont, Dyneon GmbH, Kuraray Plastics, Lyondell Basell Industries, and SABIC.
Polaris Market Research has segmented the Plastic Compounding market report based on source, product, end-use, and region:
Plastic Compounding, Source Outlook (Revenue - USD Billion, 2019 - 2032)
- Recycled
- Bio-based
- Fossil-based
Plastic Compounding, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Polypropylene
- Polyethylene
- Thermoplastic Polyolefins
- Thermoplastic Vulcanizates
- Polystyrene
- Polyethylene Terephthalate
- Polyvinyl Chloride
- Polybutylene Terephthalate
- Polyamide
- Polymethyl Methacrylate
- Acrylonitrile Butadiene Styrene
- Polycarbonate
- Polyurethane
- Others
Plastic Compounding, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Consumer goods
- Electrical & electronics
- Packaging
- Medical devices
- Optical media
- Industrial machinery
- Building & construction
- Automotive
- Aerospace & Defense
- Others
Plastic Compounding, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Australia
- Rest of Asia Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
- Rest Middle East & Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Plastic Compounding Market Insights
- 4.1. Plastic Compounding Market - End-Use Snapshot
- 4.2. Plastic Compounding Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rise in adoption of plastic compounding materials
- 4.2.1.2. Rise in Industrialization
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Rising environmental concerns
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Plastic Compounding Market End-Use Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Plastic Compounding Market, by Source
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 5.3. Fossil-based
- 5.3.1. Global Plastic Compounding Market, by Fossil-based, by Region, 2019-2032 (USD Billion)
- 5.4. Bio-based
- 5.4.1. Global Plastic Compounding Market, by Bio-based, by Region, 2019-2032 (USD Billion)
- 5.5. Recycled
- 5.5.1. Global Plastic Compounding Market, by Recycled, by Region, 2019-2032 (USD Billion)
6. Global Plastic Compounding Market, by Product
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 6.3. Polyethylene (PE)
- 6.3.1. Global Plastic Compounding Market, by Polyethylene (PE), by Region, 2019-2032 (USD Billion)
- 6.4. Polypropylene (PP)
- 6.4.1. Global Plastic Compounding Market, by Polypropylene (PP), by Region, 2019-2032 (USD Billion)
- 6.5. Thermoplastic Vulcanizates (TPV)
- 6.5.1. Global Plastic Compounding Market, by Thermoplastic Vulcanizates (TPV), by Region, 2019-2032 (USD Billion)
- 6.6. Thermoplastic Polyolefins (TPO)
- 6.6.1. Global Plastic Compounding Market, by Thermoplastic Polyolefins (TPO), by Region, 2019-2032 (USD Billion)
- 6.7. Polyvinyl Chloride (PVC)
- 6.7.1. Global Plastic Compounding Market, by Polyvinyl Chloride (PVC), by Region, 2019-2032 (USD Billion)
- 6.8. Polystyrene (PS)
- 6.8.1. Global Plastic Compounding Market, by Polystyrene (PS), by Region, 2019-2032 (USD Billion)
- 6.9. Polyethylene Terephthalate (PET)
- 6.9.1. Global Plastic Compounding Market, by Polyethylene Terephthalate (PET), by Region, 2019-2032 (USD Billion)
- 6.10. Polybutylene Terephthalate (PBT)
- 6.10.1. Global Plastic Compounding Market, by Polybutylene Terephthalate (PBT), by Region, 2019-2032 (USD Billion)
- 6.11. Polyamide (PA)
- 6.11.1. Global Plastic Compounding Market, by Polyamide (PA), by Region, 2019-2032 (USD Billion)
- 6.12. Polycarbonate (PC)
- 6.12.1. Global Plastic Compounding Market, by Polycarbonate (PC), by Region, 2019-2032 (USD Billion)
- 6.13. Polyurethane (PU)
- 6.13.1. Global Plastic Compounding Market, by Polyurethane (PU), by Region, 2019-2032 (USD Billion)
- 6.14. Polymethyl Methacrylate (PMMA)
- 6.14.1. Global Plastic Compounding Market, by Polymethyl Methacrylate (PMMA), by Region, 2019-2032 (USD Billion)
- 6.15. Acrylonitrile Butadiene Styrene (ABS)
- 6.15.1. Global Plastic Compounding Market, by Acrylonitrile Butadiene Styrene (ABS), by Region, 2019-2032 (USD Billion)
- 6.16. Others
- 6.16.1. Global Plastic Compounding Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Plastic Compounding Market, by End-Use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 7.3. Automotive
- 7.3.1. Global Plastic Compounding Market, by Automotive, By Region, 2019-2032 (USD Billion)
- 7.4. Building & construction
- 7.4.1. Global Plastic Compounding Market, by Building & construction, By Region, 2019-2032 (USD Billion)
- 7.5. Electrical & electronics
- 7.5.1. Global Plastic Compounding Market, by Electrical & electronics, By Region, 2019-2032 (USD Billion)
- 7.6. Packaging
- 7.6.1. Global Plastic Compounding Market, by Packaging, By Region, 2019-2032 (USD Billion)
- 7.7. Consumer goods
- 7.7.1. Global Plastic Compounding Market, by Consumer goods, By Region, 2019-2032 (USD Billion)
- 7.8. Industrial machinery
- 7.8.1. Global Plastic Compounding Market, by Industrial machinery, By Region, 2019-2032 (USD Billion)
- 7.9. Medical devices
- 7.9.1. Global Plastic Compounding Market, by Medical devices, By Region, 2019-2032 (USD Billion)
- 7.10. Optical media
- 7.10.1. Global Plastic Compounding Market, by Optical media, By Region, 2019-2032 (USD Billion)
- 7.11. Aerospace & defense
- 7.11.1. Global Plastic Compounding Market, by Aerospace & defense, By Region, 2019-2032 (USD Billion)
- 7.12. Others
- 7.12.1. Global Plastic Compounding Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Plastic Compounding Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Plastic Compounding Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Plastic Compounding Market - North America
- 8.3.1. North America: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.3.2. North America: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.3. North America: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.3.4. Plastic Compounding Market - U.S.
- 8.3.4.1. U.S.: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.3.5. Plastic Compounding Market - Canada
- 8.3.5.1. Canada: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4. Plastic Compounding Market - Europe
- 8.4.1. Europe: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.3. Europe: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.4. Plastic Compounding Market - UK
- 8.4.4.1. UK: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.5. Plastic Compounding Market - France
- 8.4.5.1. France: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.5.3. France: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.6. Plastic Compounding Market - Germany
- 8.4.6.1. Germany: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.7. Plastic Compounding Market - Italy
- 8.4.7.1. Italy: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.8. Plastic Compounding Market - Spain
- 8.4.8.1. Spain: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.9. Plastic Compounding Market - Netherlands
- 8.4.9.1. Netherlands: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.4.10. Plastic Compounding Market - Russia
- 8.4.10.1. Russia: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5. Plastic Compounding Market - Asia Pacific
- 8.5.1. Asia Pacific: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.4. Plastic Compounding Market - China
- 8.5.4.1. China: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.4.3. China: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.5. Plastic Compounding Market - India
- 8.5.5.1. India: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.5.3. India: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.6. Plastic Compounding Market - Malaysia
- 8.5.6.1. Malaysia: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.7. Plastic Compounding Market - Japan
- 8.5.7.1. Japan: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.8. Plastic Compounding Market - Indonesia
- 8.5.8.1. Indonesia: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.5.9. Plastic Compounding Market - South Korea
- 8.5.9.1. South Korea: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.6. Plastic Compounding Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.6.4. Plastic Compounding Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.6.5. Plastic Compounding Market - UAE
- 8.6.5.1. UAE: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.6.6. Plastic Compounding Market - Israel
- 8.6.6.1. Israel: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.6.7. Plastic Compounding Market - South Africa
- 8.6.7.1. South Africa: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.7. Plastic Compounding Market - Latin America
- 8.7.1. Latin America: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.7.4. Plastic Compounding Market - Mexico
- 8.7.4.1. Mexico: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.7.5. Plastic Compounding Market - Brazil
- 8.7.5.1. Brazil: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
- 8.7.6. Plastic Compounding Market - Argentina
- 8.7.6.1. Argentina: Plastic Compounding Market, by Source, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Plastic Compounding Market, by End-Use, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Plastic Compounding Market, by Product, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. AKRO-Plastic GmbH
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Arkema Group
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Asahi Kasei Plastics
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. BASF SE
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Celanese Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Covestro AG LLC
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. DowDuPont
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Dyneon GmbH & Co KG
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Kingfa Sci &Tech Co Ltd
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Kraton Polymers, Inc
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Kuraray Plastics Co Ltd
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Lyondell Basell Industries N.V
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. SABIC
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Solvay SA
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. Teijin Limited
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development