News

The global plastic compounding market size is expected to be worth around US$ 101.3 billion by 2030, according to a new report by Vision Research Reports.

The global plastic compounding market size was valued at US$ 62.4 billion in 2020 and is anticipated to grow at a CAGR of 7.5% during forecast period 2021 to 2030.

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Report Coverage

Report Scope	Details
Market Size	USD 101.3 billion by 2030
Growth Rate	CAGR of 7.5% From 2021 to 2030
Base Year	2021
Historic Data	2017 to 2020
Forecast Period	2021 to 2030
Segments Covered	Product, Application
Regional Scope	North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned	BASF SE; LyondellBasell Industries N.V.; DuPont; Dow, Inc.; Covestro AG; Kraton Polymers, Inc.; RTP Company, Inc.; S&E Specialty Polymers, LLC

Growth Factors

 Rapidly developing construction and automobile sectors are anticipated to drive the demand for interiors, exteriors, and under-the-hood components. The rising scope of application of plastic compounding in under-the-hood components in the automotive industry, in building interiors and exteriors in the construction & infrastructure industries, and in the electronics, durables, and wires and cable industries is anticipated to fuel the market growth.

Increasing substitution for glass, metals, wood, natural rubber, and man-made materials, such as concrete, is anticipated to drive the growth. The demand for plastic is rising owing to its various industrial applications due to benefits, such as easy molding and the ability to form the desired shape.

Key Players

• BASF SE
• LyondellBasell Industries N.V.
• Dow, Inc.
• DuPont
• RTP Company, Inc.
• S&E Specialty Polymers, LLC
• Covestro AG
• Kraton Polymers, Inc.

Market Segmentation

• Product
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Thermoplastic Vulcanizates (TPV)
  • Thermoplastic Polyolefins (TPO)
  • Poly Vinyl Chloride (PVC)
  • Polystyrene (PS)
  • Polyethylene Terephthalate (PET)
  • Polybutylene Terephthalate (PBT)
  • Polyamide
  • Polycarbonate
  • Acrylonitrile Butadiene Styrene (ABS)
  • Others
• Application
  • Automotive
  • Building & Construction
  • Electrical & Electronics
  • Packaging
  • Consumer Goods
  • Industrial Machinery
  • Medical Devices
  • Optical Media
  • Others
• Regional
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • The Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
  • Central and South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa

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