Global Plastic Compounding Market, By Polymer Type (PP, PE, PVC, PS, EPS, PET, PU, ABS, Others) By

Published Date: | Report Code : CH1958621

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Plastic Compounding is a method of mixing polymers and additives in a frozen state to prepare plastic formulations. These blends are usually treated automatically by feeders with fixed set points. It is generally introduced to a mixture of copolymers such as styrene acrylonitrile glue (SAN), acrylonitrile butadiene styrene (ABS), and styrene maleic anhydride (SMA) with additives such as UV-stabilizers, antioxidants and other value-adding substances, sometimes reinforcing components such as glass fiber.

Furthermore, fast industrialization and the urbanization and extension of the manufacturing, electronics and electrical and building sectors are some of the main variables complementing the development of the plastic compounding industry. In addition, plastic is used in floors, insulation materials, holding rooms, safety quality windows, doors, tubes, and wires in the building industry. This variable has resulted in increased supply for plastic compounds and is anticipated to fuel market growth. In addition, the use of plastic compounds in the automotive and electronic and electrical industries has increased due to properties such as light weight, fatigue resistance and better chemical and temperature resistance. Future demand for plastic compounds is expected to increase this factor.

Polypropylene is commonly used in automotive apps due to its low weight, excellent fatigue resistance and chemical and low temperature strength, thus the demand for plastic compounding from the automotive sector is expected to rise in the near future.

Key Factors Impacting Market Growth:

  • Increasing demand for plastics by the packaging industry

  • Stringent government regulations

  • Increasing application in the automotive and electronics industry

Regional Analysis:

On the basis of the region, the plastic compounding market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in plastic compounding market during the forecast period. This demand is with regards to the growth of major end-use industries such as automotive, building and construction, packaging, electrical & electronics, medical, others. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for plastic compounding market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for plastic compounding market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Asahi Kasei Corporation, BASF SE, Celanese Corporation, Covestro AG, DowDuPont Inc., Kingfa Sci. and Tech. Co., Ltd., LyondellBasell Industries Holdings B.V., Polyone Corporation, SABIC and Solvay SA...

Market Segmentation:

By Polymer Type:

  • Polypropylene (PP)

  • Polyethylene (PE)

  • Polyvinyl chloride (PVC)

  • Polystyrene (PS)

  • Expanded polystyrene (EPS)

  • Polyethylene terephthalate (PET)

  • Polyurethane (PU)

  • Acrylonitrile butadiene styrene (ABS)

  • Others

By End Use:

  • Automotive

  • Building and construction

  • Packaging

  • Electrical & electronics

  • Medical

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Polymer Type

    • By End Use

  • Western Europe:

    • By Country (Germany, UK, France, Spain, Rest of Western Europe)

    • By Polymer Type

    • By End Use

  • Eastern Europe:

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Polymer Type

    • By End Use

  • Asia Pacific

    • By Country (China, Japan, India, Rest of Asia Pacific)

    • By Polymer Type

    • By End Use

  • Middle East:

    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)

    • By Polymer Type

    • By End Use

  • Rest of the World

    • By Region (Latin America, Brazil, Rest of the World)

    • By Polymer Type

    • By End Use

Reasons To Buy This Report:

  • Market size estimation of the plastic compounding market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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We provide customization of the study to meet specific requirements:

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