Global Market for Plastics Compounding

Report Code: PLS018H

Publish Date: Jul 2024

Publisher: BCC Publishing

Category: Plastics

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Report Highlights

The global market for plastic compounding is estimated to increase from $57.8 billion in 2023 to reach $80.3 billion by 2029, at a compound annual growth rate (CAGR) of 5.8% from 2024 through 2029.

Report Includes

  • 106 data tables and 39 additional tables
  • Analysis of the global markets for plastics compounding process
  • Analyses of the global market trends, with market revenue data for 2022, estimates for 2023, forecasts for 2024 and projected CAGRs through 2029
  • Estimate of the current market size and revenue growth prospects in value and volumetric terms, with a market share analysis by product type, source, additives, end user and region
  • Facts and figures pertaining to market dynamics, current and emerging technologies, regulations, and trends, including macroeconomic factors
  • Review of key plastics additives used in plastics compounding and advances in plastics compounding-based equipment and machinery
  • Overview of sustainability trends and ESG developments in the industry, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices.
  • A look at recent patent activity
  • Identification of the major resin producers, key plastics processors and independent compounders, along with their product lines, and estimated sales
  • An analysis of the industry structure, including companies’ market shares, M&A activity and venture funding outlook
  • Company profiles of major players within the industry, including BASF SE, Mitsui Chemicals Inc., LyondellBasell Industries, and Dow.

Report Scope

This report covers some of the parameters of plastic compounding examined by industries and regulatory bodies due to their growing advances and expansions in the plastic sector. It primarily focuses on plastic compounding polymers, additives and their industrial application in such industries as transportation, electronics and electrical, packaging, construction, medical and healthcare and consumer goods. BCC Research analyzed essential categories and regions to determine the present and future plastic compounding market status, and then forecast market growth from 2024 through 2029. This report also discusses market strategies, market ESG development, regulatory landscape, key players in countries, plastic compounding analysis and market driving forces. The report segments the market by region based on Asia-Pacific, Europe, North America and the Rest of the World (RoW).

The growing global industrialization has increased the demand for plastic compounding, requiring enhanced such properties as recyclability, flame resistance and longer life, which are driving factors that will propel market growth. Developing new plastic products and adopting recycled and bio-based manufacturing practices contribute to the market’s necessity. The plastic compounding market plays a crucial role in addressing the challenges of plastic demand and industrial productivity.

The global plastic compounding market is segmented into:

  • Product type: Polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS) and others.
  • Source: Fossil based, recycled and bio-based.
  • Additives: Plasticizers, flame retardants, fillers and reinforcements, stabilizers, antioxidants, colorants and others.
  • End Use: Packaging, transportation, construction, electronics and electrical, consumer goods, medical and healthcare, and others.

The market estimations and size are provided in terms of value ($ millions) and volume (Kilo tons), with 2023 serving as the base year and market forecasts given for the period from 2024 to the end of 2029. Regional-level market sizes, with respect to technology and application, are also provided.

Report Synopsis

Report Metrics Details
Base year considered 2023
Forecast period considered 2024-2029
Base year market size $57.8 Billion
Market size forecast $80.3 Billion
Growth rate CAGR of 5.8% for the forecast period of 2024-2029
Units considered $ Millions
Segments covered Product Type, Source, Additives, End-Use
Regions covered North America, Europe, Asia-Pacific, Rest of the World (RoW)
Countries covered U.S., Canada, Mexico, Germany, France, Italy, Spain, Poland, China, Japan, Thailand, Singapore, Vietnam, Middle East and Africa
Key Market Drivers
  • Growing Demand from End-User Industries for Compound Plastics
  • Advancements in Technology and Innovation in the Plastic Compounding Industry
Companies studied
AMCO POLYMERSBASF SE
CELANESE CORP.COVESTRO AG
DOWEXXON MOBIL CORP.
MITSUI CHEMICALS INC.LANXESS
LYONDELLBASELL INDUSTRIES HOLDINGS B.V.SABIC
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Frequently Asked Questions (FAQs)

The estimated market size of the plastics compounding market will be $80.3 billion by 2029, with a CAGR of 5.8%.
  • Growing demand from end user industries for compound plastics
  • Advancements in technology and innovation in the plastic compounding industry
The market is segmented based on form, application, end-user, and region. Segmentation based on product type, the market is segmented into polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS) and others. Based on source, the market is segmented into fossil based, recycled, biobased. Based on additives, the market is segmented into plasticizers, flame retardants, stabilizers, colorants, fillers and reinforcements, antioxidants, and others. Based on end-use, the market is segmented into transportation, electronics and electrical, construction, medical and healthcare, packaging, consumer goods, and others. Regional estimates and forecasts comprise North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The transportation segment will continue to dominate the market by the end of 2029.
Asia-Pacific holds the largest market share due to the extensive presence of key players in this region and the high demand for automotive and electronics applications. Additionally, the U.S. and China have been among the largest adopters of the technology.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. Talk to Our Analyst

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Global Market for Plastics Compounding144Free
Chapter- 1: Executive Summary4Free
Chapter- 2: Market Overview5Free
Chapter- 3: Market Dynamics6Free
Chapter- 4: Regulatory Landscape2Free
Chapter- 5: Emerging Technologies and Developments5Free
Chapter- 6: Market Segmentation Analysis79Free
Chapter- 7: Competitive Intelligence3Free
Chapter- 8: Sustainability in Plastic Compounding Industry: An ESG Perspective5Free
Chapter- 9: Appendix35Free
Published - Jan-2022| Analyst - BCC Publishing| Code - PLS018G

Report Highlights

The global market volume for plastic compounding should grow from 475.9 billion pounds in 2021 to 540.4 billion pounds by 2026 with a compound annual growth rate (CAGR) of 2.6% for the period of 2021-2026.

Report Includes

  • 97 data tables and 25 additional tables
  • An updated reviewed of the global market for plastics compounding within the industry
  • Analyses of the global market trends, with data from 2020, estimates for 2021 and 2025, and projections of compound annual growth rates (CAGRs) through 2026
  • Evaluation and forecast the overall market size in value and volumetric terms, and corresponding market share analysis by type of compounder, plastic resin type, application and region
  • Highlights of the market potential for major thermoplastic resins, opportunities and gaps estimating current and future demand; and impact of COVID-19 on the progress of this market
  • Review of key plastics additives used in plastics compounding and advances in plastics compounding based equipment and machinery
  • Insight into the regulatory and environmental developments shaping compounds, ranging from phthalate plasticizers to halogenated flame retardants
  • Identification of major resin producers, key plastics processors, and independent compounders, along with activities, product lines, and estimated sales for the major independent compounders
  • Descriptive company profiles of the key suppliers of plastics additives and fillers/reinforcements, including BASF SE, Clariant AG, Mitsui Chemicals, Toray Industries Inc. LyondellBasell, and SABIC
Published - Mar-2018| Analyst - Jason Chen| Code - PLS018F

Report Highlights

North American market volume for compounding of thermoplastic resins reached 92.9 billion pounds in 2017 and should reach 104.5 billion pounds by 2022, at a compound annual growth rate (CAGR) of 2.4% for the period of 2017-2022.

Report Includes

  • 21 data tables and 16 additional tables
  • An overview of the global plastics compounding market
  • Analyses of global market trends, with data from 2016 and 2017, and projections of CAGRs through 2022.
  • Coverage of the major thermoplastic resins and thermoplastic elastomers (TPEs); resins, including high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), polypropylene, polystyrene, and engineering thermoplastics (ETPs): the major representatives being nylons, polycarbonates, polyacetals, PET, and PBT; the report also includes bio compounds, or plastics that are made from plants instead of hydrocarbons.
  • Identifications of major resin producers, key plastics processors, and independent compounders, along with activities, product lines, and estimated sales for the major independent compounders.
  • Reviews of key plastics additives used in plastics compounding and advances in plastics compounding equipment.
  • Information on major fillers/reinforcements.
  • Developments in carbon fibre and carbon nanotubes, and advances in natural fibres.
  • Company profiles of major key players in the market, including Advanced Composites Inc., Basf Corp., Clariant International Ltd., The Dow Chemical Co., ExxonMobil Chemical Co., Plastics Plus Inc. and Polymer Resources Ltd.
Published - Nov-2015| Analyst - Charles Forman| Code - PLS018E

Report Highlights

The North American market for thermoplastic compounds reached 87.33 billion pounds in 2014. This market is expected to grow from 88.78 billion pounds in 2015 to 100.2 billion pounds by 2020, registering a compound annual growth rate (CAGR) of 2.4% over the next five years.

Report Includes

  • An overview of the plastics compounding market.
  • Analyses of global market trends, with data from 2014, estimates for 2015, and projections of CAGRs through 2020.
  • Coverage of the major thermoplastic resins and thermoplastic elastomers (TPEs); the resins include high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), polypropylene, polystyrene, and engineering thermoplastics (ETPs): the major representatives being nylons, polycarbonates, polyacetals, PET, and PBT; the report also includes bio compounds, or plastics that are made from plants instead of hydrocarbons.
  • Identifications of major resin producers, key plastics processors, and independent compounders, along with activities, product lines, and estimated sales for the major independent compounders.
  • Reviews of key plastics additives used in plastics compounding and advances in plastics compounding machinery/equipment.
  • Information on major fillers/reinforcements.
  • Developments in carbon fiber and carbon nanotubes, and advances in natural fibers.

Published - Nov-2013| Analyst - Charles Forman| Code - PLS018D

Report Highlights

The estimated distribution of compounded thermoplastic resins in North America reached 89.82 billion pounds in 2012. This total is expected to grow 90.92 billion pounds in 2013 and 102.36 billion pounds in 2018 at a compound annual growth rate (CAGR) of 2.4% for the period of 2013-2018.

Report Includes

  • An overview of the plastics compounding market.
  • Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
  • Coverage of the major thermoplastic resins and thermoplastic elastomers (TPEs); the resins include high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), polypropylene, polystyrene, and engineering thermoplastics (ETPs): the major representatives being nylons, polycarbonates, polyacetals, PET, and PBT; the report also includes bio compounds, or plastics that are made from plants instead of hydrocarbons.
  • Identifications of major resin producers, key plastics processors, and independent compounders, along with activities, product lines, and estimated sales for the major independent compounders.
  • Reviews of key plastics additives used in plastics compounding and advances in plastics compounding machinery/equipment.
  • Information on major fillers/reinforcements.
  • Developments in carbon fiber and carbon nanotubes, and advances in natural fibers.

Published - Sep-2009| Analyst - Doug Smock| Code - PLS018C

Report Highlights

  • The North American market distributed 98 billion pounds of plastic compounds in 2008. The market decreased to an estimated 91 billion pounds in 2009, but is projected to increase at a compound annual growth rate (CAGR) of 3.4% to 107 billion pounds in 2014.
  • The largest segment of the market, resin producers, distributed 64 billion pounds in 2008. It decreased to an estimated 60 billion pounds in 2009, but is projected to increase at a CAGR of 3.3% to 71 billion pounds in 2014.
  • The processors segment distributed 21 billion pounds in 2008. That figure was expected to decrease to 20 billion in 2009, but was expected to grow to more than 23 billion pounds in 2014, for a 5-year CAGR of 3.4%.
Published - Jun-2006| Analyst - Melvin Schlechter| Code - PLS018B

Report Highlights

  • In viewing the entire thermoplastic market, the resin producers account for the majority of the compounding activity (producing around 44.585 billion pounds in 2006), followed by plastic processors (12.964 billion pounds) and independent compounders (8.173 billion pounds). Independent compounders, though, will show the highest average annual growth rate (AAGR) at 5.3%.
  • When viewing this market by the individual thermoplastics covered in this report, these ratios can be vastly different. For example, the major polyethylene variants, HDPE, LDPE and LLDPE along with polystyrene are compounded mostly by resin producers, while PVC is compounded mostly by processors.
  • There are several key trends within the plastic compounding business which will take some time to become significant. They are: forward integration of resin producers into compounding; increased backward integration of large plastic processors into compounding; increased specialization of independent compounders; continued movement of compounding production.

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Global Market for Plastics Compounding
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