Plastic Compounds Market (By Resin: Polypropylene, Polyethylene, Thermoplastic Elastomers, Polystyrene, Polyamide, Polycarbonates, Others; By Technology: Injection Molding, Extrusion, Blow Molding; By Filler: Unfilled, Calcium Carbonate Filled, Talcum Filled, Glass Fiber Reinforced, Others; By End-use: Automotive, Appliances, Electrical, Electronics & Electrotechnical, Building & Construction, Healthcare, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 20212030

The global Plastic Compounds market size is expected to be worth around US$ 101.65 billion by 2030, according to a new report by Vision Research Reports.

The global Plastic Compounds market size was valued at US$ 68.74 billion in 2020 and is anticipated to grow at a CAGR of 6.1% during forecast period 2021 to 2030.

Report Coverage

Growth Factors

 Increasing demand from the automotive industry is anticipated to significantly drive the market growth during the forecast period. The use of compounded plastic products in automotive applications helps reduce fuel consumption on account of their lightweight.

Increasing awareness regarding consumer safety and health hazards in various industries, such as automotive, healthcare, and others is expected to drive the global demand for plastics over the forecast period. In the automotive industry, compounded plastics find application in under-the-hood components, structural parts, electrical components & lighting, and others.

By Resin Analysis

The Polypropylene (PP) resin segment led the market and accounted for more than 27% of the overall revenue share in 2020 and is estimated to grow at the fastest CAGR over the forecast period. Polypropylene can be processed using any of the thermoplastic processing methods, such as injection molding, extrusion blow molding, and general-purpose extrusion.

This has made it a popular material in several industries of developed and emerging economies. Automotive has been the largest application segment for PP compounds owing to their high impact resistance and serviceability.

By Technology Analysis

The extrusion segment led the market and accounted for the largest revenue share of more than 34% in 2020. Extrusion is a continuous process of converting solid plastic compound pellets, granules, or powders into melted form and further reconstituting them as finished products. 

The plastic compounds are melted by the extruder wall heat and the mechanical work of the screw. Furthermore, the molten plastic compounds are forced through a die, which shapes them into the desired end products.

Rising demand for injection molded compounded products from the automotive, packaging, and healthcare applications are fueling the segment growth. Injection molding is a discontinuous process as the plastic parts are produced in molds and are required to be cooled before being removed.

By Filler Analysis

The calcium carbonate-filled fillers segment led the market and accounted for the largest revenue share of more than 24% in 2020. Polyethylene and polypropylene compounds are commonly used with calcium carbonate-filled fillers for manufacturing furniture and packaging solutions. 

calcium carbonate fillers can reduce the amount of resin required for producing components by 41%, which possesses an economic advantage for use of calcium carbonate fillers.

By End-use Analysis

The automotive end-use segment led the market and accounted for the largest revenue share of 25% in 2020. PP and PBT compounds are widely used in various automotive applications, such as exterior body parts, ignition, front grilles, and others. 

 Several grades of PP and PBT compounds have been developed over the past years to meet diverse performance requirements. Growing demand for sustainable materials in the automotive segment has been a major factor driving the demand for lightweight plastics. 

By Region Analysis

Asia Pacific dominated the global market and accounted for the largest revenue share of over 47.0% in 2020 and is estimated to grow further at the fastest CAGR from 2021 to 2030.

Favorable economic and manufacturing initiatives by the governments in Asia Pacific are boosting the market growth. Government investments in six Asian countries (China, Thailand, Indonesia, India, Vietnam, and Malaysia) for developing the manufacturing industry and improving infrastructure& supply chain facilities are expected to drive the regional market growth.

Increasing demand for consumer goods, such as refrigerators and washing machines, in countries, such as India, Vietnam, Philippines, China, and Thailand, is expected to fuel the demand for plastic compounds in these applications

Key Players

• Adell Plastics

• Asahi Kasei Corp.

• BASF SE

• Chevron Phillips Chemical Company LLC

• China XD Plastics Co., Ltd.

• Covestro AG

• Dow Inc.

• DuPont

• Qingdao Gon Science & Technology Co., Ltd.

• Foster Corp.

Market Segmentation

• By Resin 

  • Polypropylene (PP)

  • Polyethylene (PE)

  •  Thermoplastic elastomers (TPE)

    • Thermoplastic Styrenic Elastomers

      • Saturated

      • Unsaturated

    • Thermoplastic polyolefins

    • Thermoplastic vulcanizates

  • Polystyrene (PS)

  • Polybutylene terephthalate (PBT)

  • Polyamide (PA)

  • Polycarbonates (PC)

  • Acrylonitrile Butadiene Styrene (ABS)

  • Bioplastic

  • Acrylonitrile styrene acrylate (ASA)

  • Styrene Acrylonitrile (SAN)

  • Polymethyl methacrylate (PMMA)

  • Polyoxymethylene (POM)

  • Blends (PC/ABS, ABS/PBT, PS/PP)

• By Technology 

  • Injection Molding

  • Extrusion

  • Blow Molding

  • Others

• By Filler 

  • Unfilled

  • Calcium Carbonate Filled

  • Talcum Filled

  • Glass Fiber Reinforced

  • Long Glass Fiber Filled

  • Flame Retardant

  • Carbon Fiber Reinforced

• By End-use

  • Automotive

  • Appliances

  • Electrical, Electronics & Electrotechnical

  • Building & Construction

  • Furniture

  • Power Tools

  • Packaging

  • Agriculture

  • Sport & Leisure

  • Healthcare

  • Others

• Regional

  • North America

  • Europe

  • Asia Pacific

  • Central & South America

  • Middle East & Africa

The Plastic Compounds market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Plastic Compounds market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Plastic Compounds market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Plastic Compounds market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Plastic Compounds market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Plastic Compounds capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Plastic Compounds by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Plastic Compounds market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Plastic Compounds market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Plastic Compounds market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Plastic Compounds industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Plastic Compounds market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Plastic Compounds market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Plastic Compounds market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Plastic Compounds market. These factors have benefited the growth of the global market for Plastic Compounds. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Plastic Compounds. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Plastic Compounds are as follows:

• History Year: 2017-2020

• Base Year: 2021

• Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.