The global plastic compounding market was valued at USD 65.42 Billion in 2022, which is anticipated to grow at a CAGR of 7.36% from 2023 to 2032. Plastic is in high demand in various industrial applications because of its ability to produce desired forms and ease of moulding. Plastic fittings are easier to install than metal or wood fittings. These fittings are available in various colour combinations, which adds to their visual appeal.
Plastic compounding alters the properties of basic plastics and thermoplastics by combining plastics and additives. Plastic compounds are lightweight and have exceptional physical features, such as a wide range of conductivity, flame retardancy, and wear resistance. These features improve their demand in various automotive, building and construction, packaging, and electrical & electronics applications, propelling the global plastic compounding market's growth. Plastic compounds are frequently utilized in the electronic and electrical industries for electromagnetic shielding and antistatic applications. Furthermore, they are replacing metal components in the car sector. This has improved automotive safety by lowering the total weight of the vehicle. Plastic compounding has also reduced carbon emissions and improved fuel efficiency and vehicle performance in the automotive industry, boosting the growth of the plastic compounding market. Rapid industrialization and rising disposable incomes in emerging economies have driven automobile demand. Some of the primary drivers of this market include increased production of lightweight automobiles and increased demand for electric vehicles. However, challenges such as rising raw material prices in plastic compounding due to fluctuating petrochemical and crude oil prices and strong substitution potential from bio-based alternatives are predicted to hinder the expansion of the plastic compounding market. Furthermore, continuing development in catalyst technologies aimed at improving PE resins' performance, customization, and yield is expected to provide lucrative opportunities in this market. Plastic compounding is the process of changing the properties of basic polymers by combining plastics and additives. Plastic compounds have exceptional physical qualities, such as a wide range of conductivity and flame retardancy and are lightweight. These features raise demand in various automotive, building and construction, packaging, and electrical and electronics applications, propelling the global plastic compounding market forward. Plastic compounds are frequently utilized in the electronic and electrical industries for electromagnetic shielding and antistatic applications. Furthermore, they are replacing metal components in the car sector. This has improved automotive safety by lowering the total weight of the vehicle. Plastic compounding has also reduced carbon emissions and increased fuel efficiency and performance of automobiles in the automotive industry, which has boosted the growth of the plastics compounding market.
Get an overview of this study by requesting a free sample
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increased use of plastic in infrastructure development
5.3. Restraints
5.3.1. Bio-based alternatives have a high substitution potential
5.4. Opportunities
5.4.1. Continuous catalyst technology advancement to improve resin performance and yield
6. Global Plastic Compounding Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Polypropylene (PP)
6.3. Thermoplastic Polyolefins (TPO)
6.4. Polystyrene (PS)
6.5. Polybutylene Terephthalate (PBT)
6.6. Polycarbonate (PC)
6.7. Polyethylene (PE)
6.8. Polyvinyl Chloride (PVC)
6.9. Polyamide (PA)
6.10. Thermoplastic Vulcanizates (TPV)
6.11. Acrylonitrile Butadiene Systems (ABS)
6.12. Polyethylene Terephthalate (PET)
6.13. Others
7. Global Plastic Compounding Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Building & Construction
7.3. Packaging
7.4. Industrial Machinery
7.5. Optical Media
7.6. Automotive
7.7. Consumer Goods
7.8. Electrical & Electronics
7.9. Medical Devices
7.10. Others
8. Global Plastic Compounding Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Plastic Compounding Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Plastic Compounding Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. LyondellBasell Industries Holdings B.V.
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. DuPont
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. RTP Company
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Asahi Kasei Corporation
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Washington Penn
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. BASF SE
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. SABIC
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Covestro AG
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Dow, Inc.
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. S&E Specialty Polymers, LLC (Aurora Plastics)
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
2. Global Polypropylene (PP), Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
3. Global Thermoplastic Polyolefins (TPO), Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
4. Global Polystyrene (PS), Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
5. Global Polybutylene Terephthalate (PBT), Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
6. Global Polycarbonate (PC), Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
7. Global Polyethylene (PE), Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
8. Global Polyvinyl Chloride (PVC), Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
9. Global Polyamide (PA), Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
10. Global Thermoplastic Vulcanizates (TPV), Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
11. Global Acrylonitrile Butadiene Systems (ABS), Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
12. Global Polyethylene Terephthalate (PET), Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
13. Global Others, Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
14. Global Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
15. Global Building & Construction, Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
16. Global Packaging, Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
17. Global Industrial Machinery, Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
18. Global Optical Media, Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
19. Global Automotive, Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
20. Global Consumer Goods, Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
21. Global Electrical & Electronics, Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
22. Global Medical Devices, Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
23. Global Others, Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
24. Global Plastic Compounding Market, By Region, 2019-2032 (USD Billion)
25. North America Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
26. North America Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
27. U.S. Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
28. U.S. Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
29. Canada Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
30. Canada Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
31. Mexico Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
32. Mexico Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
33. Europe Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
34. Europe Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
35. Germany Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
36. Germany Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
37. France Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
38. France Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
39. U.K. Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
40. U.K. Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
41. Italy Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
42. Italy Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
43. Spain Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
44. Spain Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
45. Asia Pacific Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
46. Asia Pacific Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
47. Japan Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
48. Japan Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
49. China Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
50. China Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
51. India Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
52. India Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
53. South America Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
54. South America Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
55. Brazil Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
56. Brazil Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
57. Middle East and Africa Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
58. Middle East and Africa Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
59. UAE Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
60. UAE Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
61. South Africa Plastic Compounding Market, By Product Type, 2019-2032 (USD Billion)
62. South Africa Plastic Compounding Market, By Application, 2019-2032 (USD Billion)
List of Figures
1. Global Plastic Compounding Market Segmentation
2. Plastic Compounding Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Plastic Compounding Market Attractiveness Analysis By Product Type
9. Global Plastic Compounding Market Attractiveness Analysis By Application
10. Global Plastic Compounding Market Attractiveness Analysis By Region
11. Global Plastic Compounding Market: Dynamics
12. Global Plastic Compounding Market Share By Product Type (2023 & 2032)
13. Global Plastic Compounding Market Share by Application (2023 & 2032)
14. Global Plastic Compounding Market Share by Regions (2023 & 2032)
15. Global Plastic Compounding Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global plastic compounding market based on below mentioned segments:
Global Plastic Compounding by Product Type:
Global Plastic Compounding by Application:
Global Plastic Compounding by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Free Customization
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date