GLOBAL PLASTIC COMPOUNDING MARKET FORECAST 2019-2027

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GLOBAL PLASTIC COMPOUNDING MARKET FORECAST 2019-2027

Plastic compounding is a process of blending plastics with additives in their molten state. During the process, the properties and characteristics are changed to suit the requirement of the application. The final product formed during this process is called a composite or compound. The global plastic compounding market is estimated to grow with a CAGR of 6.14 % in terms of revenue, and 4.91% in terms of volume during the year 2019 – 2027.  By revenue, the market is anticipated to grow to $ 949.51 billion by 2027.  The base year considered for the study is 2018, and the estimated period is between 2019 and 2027. The main driver for the market is increased applications in the infrastructure sector. With the developing new expressways / highways, modern seaports and airports, metro-rail, and multi-modal logistics parks, the infrastructure sector is rising. The government sector also contributes to the growth of the infrastructure.

GLOBAL PLASTIC COMPOUNDING MARKET FORECAST 2019-2027

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Plastic compounding is a process of blending plastics with additives in their molten state. During the process, the properties and characteristics are changed to suit the requirement of the application. The final product formed during this process is called a composite or compound. The global plastic compounding market is estimated to grow with a CAGR of 6.14 % in terms of revenue, and 4.91% in terms of volume during the year 2019 – 2027.  By revenue, the market is anticipated to grow to $ 949.51 billion by 2027.  The base year considered for the study is 2018, and the estimated period is between 2019 and 2027.

The growth of the global plastic compounding market is driven by the following factors:

  • Demand from automotive manufacturers for making lightweight vehicles
  • Increased application from infrastructure growth
  • Trends helping replace plastic with other materials

The main driver for the market is increased applications in the infrastructure sector. With the developing new expressways / highways, modern seaports and airports, metro-rail, and multi-modal logistics parks, the infrastructure sector is rising. The government sector also contributes to the growth of the infrastructure. There are several rules and regulations on the development of highways, airports, roads, and railways to boost individual nation’s economy. On the other hand, plastics are widely used in infrastructure activities. Plastic compounding is constantly being used to broaden the usefulness and life of traditional building materials, and to make them operate more reliably and cost-effectively.

In 2018, packaging captured the largest market by application (in terms of revenue) with a contribution of 35.00%. Polypropylene is an excellent packaging material as they offer lightweight and cost-effective packaging. Furthermore, polypropylene packaging can withstand a wide temperature range from freezing to microwave temperature. Both, polypropylene and polystyrene compounding, are used for packaging. On the other hand, the fastest-growing application in building & construction. The insulation function for buildings can be carried out by the use of polyurethane compounding. The polypropylene and polystyrene compounding are widely used in the construction industries, due to inherent strength, economical nature, and easy recyclability.

The market growth is restrained by raw material price fluctuations & restrictions on the use of VOCs present in the plastic coating. The raw material price fluctuation is a major restraining factor. The raw materials used in plastic compounding are determined by the petrochemical industry. Hence, the price of crude oil has a major impact on the market. The volatile crude oil prices are due to the supply-demand imbalances, political instability, and seasonal variations. Since major materials used are largely based on petrochemicals, the fluctuating petrochemical prices are expected to challenge the market growth.

The report on the global plastic compounding includes segmentation based on polymer type, application, and region.

Market by Polymer Type:

  • Polypropylene (PP)
  • Polyurethane
  • Polyvinyl Chloride (PVC)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Polystyrene (PS) & Expanded Polystyrene (EPS)
  • Other Polymers

Market by Application:

  • Electrical and Electronics
  • Building & Construction
  • Automotive
  • Packaging
  • Medical
  • Others

In terms of geography, the global plastic compounding market has been segmented on the basis of four major regions, which includes:

  • North America: the United States & Canada
  • Europe: the United Kingdom, Germany, France, Spain, Italy, Russia, and the Rest of Europe
  • Asia Pacific: South Korea, India, Japan, Australia, China, and the Rest of Asia Pacific
  • Rest of World: Latin America, the Middle East, and Africa

In 2018, the largest market for plastic compounding was the Asia Pacific, with a market share of 41.90%. The Asia Pacific is one of the biggest markets for the market, owing to the increased applications in various industries, such as automobiles, consumer goods & electronics, construction, packaging, and others. The Asia Pacific is an attractive market for manufacturers, as a result of cheap labor costs, low cost of setting up manufacturing units, and low cost of raw materials. Some of the prominent manufacturers in this region have launched products and expanded their manufacturing units.  On the other hand, Europe is the fastest-growing region. Countries like the UK, Germany, France, and Russia, are the major contributors to the revenue of this region. The builders, architects, and service consultants are constantly looking for ways to enhance energy efficiency in buildings. Thus, the plastic compounding market is gaining popularity, owing to the need for improved energy efficiency in buildings and surging energy prices.

The major market players in the global plastic compounding market include:

  • BASF SE
  • LyondellBasell Industries, N.V
  • The Dow Chemical Company.
  • SABIC
  • Asahi Kasei Plastics
  • Others

The company profiles cover the analysis of important players. These companies are using organic and inorganic strategies for growth. For instance, In October 2019, SABIC launched polyolefin elastomer foam solution for footwear both, sports shoes and casual. In October 2019, the Dow chemical company collaborated with Hosokawa Alpine, BOBST, and ELBA to make recyclable barrier packaging. In September 2019, Covestro divested from Covestro’s European polycarbonate sheets business.

Key findings of the global plastic compounding market are:

  • Polymers, fillers, and additives, are the three basic raw materials that are used in the making of plastic compounding.
  • There is a diverse range of plastic compounds that can be formed, depending on the additives and fillers integrated.
  • Plastics are non-biodegradable and require intensive recycling using proper techniques to avoid potential harm to the environment and all living beings. Hence, they are regulated.

  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • RAW MATERIAL REQUIRED FOR PLASTICS COMPOUNDING
      • VARIOUS TYPES OF COMPOUNDING METHODS
      • REGULATIONS AFFECTING PLASTIC COMPOUNDING MARKET
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • DEMAND FROM AUTOMOTIVE MANUFACTURERS FOR MAKING LIGHTWEIGHT VEHICLES
      • INCREASED APPLICATION FROM INFRASTRUCTURE GROWTH
      • TRENDS HELPING REPLACE PLASTIC WITH OTHER MATERIALS
    • MARKET RESTRAINTS
      • RAW MATERIAL PRICE FLUCTUATIONS
    • MARKET OPPORTUNITIES
      • ADVANCEMENT IN FILLER MATERIAL TECHNOLOGY
      • GROWING DEMAND FROM END USER INDUSTRIES
    • MARKET CHALLENGES
      • RESTRICTIONS ON THE USE OF VOCS PRESENT IN THE PLASTIC COATING
  1. MARKET BY POLYMER TYPE (BY REVENUE: IN $ MILLIONS AND BY VOLUME: IN KILOTONS)
    • POLYPROPYLENE
    • POLYETHYLENE
    • POLYVINYL CHLORIDE
    • POLYSTYRENE & EXPANDED POLYSTYRENE
    • POLYETHYLENE TEREPHTHALATE
    • POLYURETHANE
    • ACRYLONITRIDE BUTADIENE STYRENE
    • OTHER POLYMERS
  2. MARKET BY APPLICATION (BY REVENUE: IN $ MILLIONS AND BY VOLUME: IN KILOTONS)
    • PACKAGING
    • BUILDING & CONSTRUCTION
    • AUTOMOTIVE
    • ELECTRIC & ELECTRONICS
    • MEDICAL
    • OTHERS
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
  4. GEOGRAPHICAL ANALYSIS (BY REVENUE: IN $ MILLIONS AND BY VOLUME: IN KILOTONS)
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • SOUTH KOREA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • BASF SE
    • SAUDI BASIC INDUSTRIES CORPORATION
    • THE DOW CHEMICAL COMPANY
    • LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
    • KRATON POLYMERS, INC.
    • RTP COMPANY, INC.
    • S&E SPECIALTY POLYMERS, LLC
    • ASAHI KASEI PLASTICS
    • COVESTRO AG
    • WASHINGTON PENN PLASTICS (WPP)
    • KURARAY PLASTICS CO., LTD.
    • TEIJIN LIMITED
    • LANXESS AG
    • SOLVAY S.A.
    • SO.F.TER GROUP (ACQUIRED BY CELANESE)

 

TABLE LIST

TABLE 1: GLOBAL PLASTIC COMPOUNDING MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: GLOBAL PLASTIC COMPOUNDING MARKET, BY GEOGRAPHY, 2019-2027 (IN KILOTONS)

TABLE 3: GLOBAL PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE, 2019-2027 (IN $ MILLION)

TABLE 4: GLOBAL PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE, 2019-2027 (IN KILOTONS)

TABLE 5: GLOBAL POLYPROPYLENE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL POLYETHYLENE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL POLYVINYL CHLORIDE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL POLYSTYRENE & EXPANDED POLYSTYRENE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL POLYETHYLENE TEREPHTHALATE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 10: GLOBAL POLYURETHANE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL ACRYLONITRIDE BUTADIENE STYRENE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12: GLOBAL OTHER POLYMERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13: GLOBAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 14: GLOBAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2019-2027 (IN KILOTONS)

TABLE 15: GLOBAL PACKAGING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 16: GLOBAL BUILDING & CONSTRUCTION MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17: GLOBAL AUTOMOTIVE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 18: GLOBAL ELECTRIC & ELECTRONICS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 19: GLOBAL MEDICAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 20: GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 21: OPPORTUNITY MATRIX

TABLE 22: VENDOR LANDSCAPE

TABLE 23: GLOBAL PLASTIC COMPOUNDING MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 24: GLOBAL PLASTIC COMPOUNDING MARKET, BY GEOGRAPHY, 2019-2027 (IN KILOTONS)

TABLE 25: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 26: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY COUNTRY, 2019-2027 (IN KILOTONS)

TABLE 27: EUROPE PLASTIC COMPOUNDING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 28: EUROPE PLASTIC COMPOUNDING MARKET, BY COUNTRY, 2019-2027 (IN KILOTONS)

TABLE 29: ASIA PACIFIC PLASTIC COMPOUNDING MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 30: ASIA PACIFIC PLASTIC COMPOUNDING MARKET, BY COUNTRY, 2019-2027 (IN KILOTONS)

TABLE 31: REST OF WORLD PLASTIC COMPOUNDING MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 32: REST OF WORLD PLASTIC COMPOUNDING MARKET, BY REGION, 2019-2027 (IN KILOTONS)

FIGURE LIST

FIGURE 1: GLOBAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2018 & 2027 (IN %)

FIGURE 2: GLOBAL PLASTIC COMPOUNDING MARKET, BY POLYPROPYLENE, 2019-2027 (IN $ MILLION)

FIGURE 3: GLOBAL PLASTIC COMPOUNDING MARKET, BY POLYETHYLENE, 2019-2027 (IN $ MILLION)

FIGURE 4: GLOBAL PLASTIC COMPOUNDING MARKET, BY POLYVINYL CHLORIDE, 2019-2027 (IN $ MILLION)

FIGURE 5: GLOBAL PLASTIC COMPOUNDING MARKET, BY POLYSTYRENE & EXPANDED POLYSTYRENE, 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL PLASTIC COMPOUNDING MARKET, BY POLYETHYLENE TEREPHTHALATE, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL PLASTIC COMPOUNDING MARKET, BY POLYURETHANE, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL PLASTIC COMPOUNDING MARKET, BY ACRYLONITRIDE BUTADIENE STYRENE, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL PLASTIC COMPOUNDING MARKET, BY OTHER POLYMERS, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL PLASTIC COMPOUNDING MARKET, BY PACKAGING, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL PLASTIC COMPOUNDING MARKET, BY BUILDING & CONSTRUCTION, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL PLASTIC COMPOUNDING MARKET, BY AUTOMOTIVE, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL PLASTIC COMPOUNDING MARKET, BY ELECTRIC & ELECTRONICS, 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL PLASTIC COMPOUNDING MARKET, BY MEDICAL, 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL PLASTIC COMPOUNDING MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 16: PORTER’S FIVE FORCE ANALYSIS

FIGURE 17: VALUE CHAIN ANALYSIS

FIGURE 18: GLOBAL PLASTIC COMPOUNDING MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 19: UNITED STATES PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: CANADA PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: GERMANY PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: UNITED KINGDOM PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: FRANCE PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: SPAIN PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: ITALY PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: RUSSIA PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: REST OF EUROPE PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: CHINA PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: INDIA PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: SOUTH KOREA PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: JAPAN PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: AUSTRALIA PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: REST OF ASIA PACIFIC PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: LATIN AMERICA PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: MIDDLE EAST & AFRICA PLASTIC COMPOUNDING MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY POLYMER TYPE (BY REVENUE: IN $ MILLIONS AND BY VOLUME: IN KILOTONS)
    • POLYPROPYLENE
    • POLYETHYLENE
    • POLYVINYL CHLORIDE
    • POLYSTYRENE & EXPANDED POLYSTYRENE
    • POLYETHYLENE TEREPHTHALATE
    • POLYURETHANE
    • ACRYLONITRIDE BUTADIENE STYRENE
    • OTHER POLYMERS
  2. MARKET BY APPLICATION (BY REVENUE: IN $ MILLIONS AND BY VOLUME: IN KILOTONS)
    • PACKAGING
    • BUILDING & CONSTRUCTION
    • AUTOMOTIVE
    • ELECTRIC & ELECTRONICS
    • MEDICAL
    • OTHERS
  3. GEOGRAPHICAL ANALYSIS (BY REVENUE: IN $ MILLIONS AND BY VOLUME: IN KILOTONS)
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • SOUTH KOREA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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