Plastic Compounding Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: July 25, 2020 |

The global plastic compounding market size was valued at more than USD 50 billion in 2019 and expected to grow at a significant CAGR of around 6% during the forecast period 2020 to 2027. The market growth is contributed by factors such as increasing substitution for wood, metal, glass, natural rubber, and other materials. The demand for plastic is increasing due to its wide use in various industries such as electrical & electronics, automotive, and construction sector. Furthermore, increasing demand for plastic due to its versatile benefits such as easy molding and ability to form the desired shape is another factor to propel the market growth over the forecast period.

The global plastic compounding market is segmented on the basis of product, end-use, and geography. By product type, the polypropylene segment held the largest share in 2019 and accounted for over 25% of the market share in terms of revenue. The segment growth is attributed to its large use in the automotive industry due to its high resistance and serviceability properties. Thus plastic consumption in automotive is projected to grow at a considerable CAGR during the forecast period.

On the basis of application, the global plastic compounding market is classified into automotive, electrical & electronics, construction, packaging, consumer goods, medical devices, and others. The automotive segment dominated the market in 2019 and accounted for over 20% of the market share in terms of revenue. The increasing plastic inclusion in the automotive industry is a major factor to grow the segment. In recent years, automotive production has grown significantly, driven largely by industry growth and the manufacturing landscape of emerging markets.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global plastic compounding market size and forecast were obtained by using "Bottom-up" and "Top-down" approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which helps to formulate competitive market strategies and make informed decisions.

Plastic Compounding Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027.

Plastic Compounding Market Segmentation:

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

By Pend-Use:

  • Automotive
  • Construction
  • Electrical & Electronics
  • Packaging
  • Consumer Goods
  • Medical Devices
  • Others

List of Key Companies:

  • The Dow Chemical Company
  • BASF SE
  • LyondellBasell Industries
  • Solvay SA
  • Kraton Corporation
  • Aurora Plastics LLC
  • Schulman
  • SABIC
  • Foster Corporation
  • RTP Company

Geographic Coverage:

  • North America Market Revenue and/or Volume
  • Europe Market Revenue and/or Volume
  • Asia Pacific Market Revenue and/or Volume
  • Middle-East and Africa Market Revenue and/or Volume
  • Latin America Market Revenue and/or Volume

The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.

Report Coverage

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

Key Questions Answered by Plastic Compounding Market Report

  • Global plastic compounding market forecasts from 2020-2027
  • Regional plastic compounding market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
  • Plastic Compounding submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter's Five Force model, Value Chain Analysis pertaining to plastic compounding market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country level plastic compounding markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the plastic compounding market
  • Profiles and market share of the leading 10 companies in 2019 at a global level

(Reports will be updated due to COVID-19 impacts on the market)

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