Plastic Compounding Market Size, Share, Growth Report 2030

Plastic Compounding Market Size

The global Plastic Compounding Market size accrued earnings worth approximately 63.1 (USD Billion) in 2020 and is predicted to gain revenue of about 101.28 (USD Billion) by 2028, is set to record a CAGR of nearly 6.9% over the period from 2021 to 2028. The report offers an assessment and analysis of the Plastic Compounding Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Plastic Compounding Market: Overview

Plastic compounding is the method of adding polymers into a molten plastic base for producing material of the required quality. It means preparing plastic formulations through the mixing of additives and polymers in a molten state for achieving specific features. Reportedly, plastic compounding is a blend of copolymers including SMA, ABS, and SAN with additives including UV-stabilizers & anti-oxidants, and sometimes glass fibers. Furthermore, plastic compounding is generally done with help of extrusion.

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Plastic Compounding Market: Growth Drivers

The growth of the plastic compounding market over the forecast timeline is due to its easy molding features and ability to form various kinds of shapes. Massive need for glass, wood, metal and natural rubber substitution will culminate into humungous business growth. Apart from this, surging demand for plastics in construction, electrical & electronics, and automotive sectors is predicted to be a key factor influencing industry growth in the long run. Massive demand for plastics in infrastructural growth will prop up the size of the plastic compounding market over the forecasting timespan. Huge investments in water & sanitation management, irrigation, power, retail, and transport sectors will play a key role in impacting the growth of the plastic compounding industry. However, fluctuating petrochemical costs can put brakes on the growth of the plastic compounding business over the upcoming years.

Plastic Compounding Market Report Scope:

Plastic Compounding Market: Regional Landscape

Asia Pacific Plastic Compounding Market To Grow Leaps & Bounds Over 2021-2028

The growth of the plastic compounding market in Asia Pacific over the forecast timeline is subject to humungous demand for modified plastics in the automotive, electronics, and construction sectors. The growing trend of producing eco-friendly or recyclable plastic materials in countries such as India and China owing to the ban on the use of conventional plastic materials will boost the regional market growth. Additionally, the inclination towards green plastics production among plastic manufacturers in the sub-continent will prop up market expansion in the Asia Pacific over the forecast timeframe.

Competitive Analysis

Key players leveraging market growth and profiled in the report include

• Agiplast
• Adell Plastics, Inc.
• Sojitz Corporation
• BASF SE
• DuPont
• RTP Company, Inc.
• S & E Speciality Polymers
• LLC
• Coperion K-Tron
• Kingfa Science & Technology Co. Ltd.
• Plstiblends India Ltd.

The global Plastic Compounding Market is segmented as follows:

By Type

• Polyvinyl Chloride [PVC]
• Polystyrene [PS]
• Polyethylene [PE]
• Polypropylene [PP]
• Polyamide [PA]
• Polyethylene Terephthalate [PET]
• Polybutylene Terephthalate [PBT]
• Acrylonitrile Butadiene Systems [ABS]

By Application

• Automotive
• Electrical & Electronic Appliances
• Building & Construction
• Textiles
• Packaging
• Consumer Goods
• Healthcare
• Industrial Goods

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa