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市場調査レポート
商品コード
1467564
プラスチックコンパウンド市場レポート：製品、用途、地域別、2024～2032年Plastic Compounding Market Report by Product, Application, and Region 2024-2032 |
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| プラスチックコンパウンド市場レポート：製品、用途、地域別、2024～2032年 |
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出版日: 2024年04月08日
発行: IMARC
ページ情報: 英文 137 Pages
納期: 2～3営業日
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- 全表示
- 概要
- 図表
- 目次
世界のプラスチックコンパウンド市場規模は2023年に689億米ドルに達しました。今後、IMARC Groupは、市場は2032年までに1,111億米ドルに達し、2024～2032年の成長率（CAGR）は5.3%になると予測しています。燃費を向上させる軽量で耐久性のある材料に対する自動車セクターの需要の高まり、世界の建設・改修活動の増加、ポリマー科学における継続的な技術進歩が、市場を推進している要因のいくつかを表しています。
プラスチックコンパウンドとは、特定の用途に適した所望の材料特性を達成するために、添加剤、充填剤、補強材とプラスチックを混合するプロセスを指します。この工程では、ベース樹脂を難燃剤、帯電防止剤、可塑剤などの要素と、ブレンド、混練、メルトミキシングなどのさまざまな方法で密接に結合させる。その結果、最適化された機械的、熱的、電気的特性を有する複合材料が得られます。これらの複合プラスチックは、ベースとなるプラスチックに比べて優れた耐久性、耐環境性、機能性を発揮します。添加剤を操作することで、企業は引張強度の向上から着色の強化、難燃性の改善まで、さまざまなカスタマイズを実現することができます。
世界市場は主に、燃費効率を高める軽量で耐久性のある材料に対する自動車セクターの需要の高まりによって牽引されています。同時に、世界の建設・改修活動の増加により、パイプや断熱材などの重要部品へのコンパウンドプラスチックの用途が拡大しています。これと並行して、医療機器や衛生用途の特殊コンパウンドに対する医療業界のニーズが急増しており、市場に勢いを与えています。さらに、eコマース・プラットフォームの急速な拡大により、耐久性のある包装材料が必要とされ、需要をさらに押し上げています。さらに、複数のセクターにまたがるサプライチェーンのグローバリゼーションにより、一貫した品質が重視されるようになり、コンパウンド材料への依存度が高まっています。その他の市場拡大要因としては、ファッション業界における汎用性が高く審美性に優れたコンパウンドへの傾斜の高まり、コンパウンド機械の継続的な強化、高性能コンパウンドの開発に焦点を当てた広範な研究開発（R&D）活動、航空宇宙業界における過酷な条件下での厳しい材料要件などが挙げられます。
プラスチックコンパウンド市場の動向と促進要因：
持続可能性と循環型経済への取り組みの増加
持続可能性の重視と循環型経済原則の導入の高まりは、企業戦略と消費者の嗜好を同様に形成しています。世界の規制機関は、製造部門に対してますます厳しいガイドラインを設定するようになっており、企業は二酸化炭素排出量を削減し、廃棄物を最小限に抑えることを余儀なくされています。その中で、リサイクルや再利用、生分解を前提に設計されたコンパウンドプラスチックの価値は非常に高くなっています。これらの製品はクローズド・ループ・システムに組み込むことができ、材料は最初のライフサイクルの後に回収され、再加工されて製造チェーンに再び導入されます。この戦略は環境に優しいだけでなく、長期的には費用対効果も高いです。さらに、持続可能なコンパウンドプラスチックの採用は、環境意識の高い消費者の価値観に共鳴するため、企業にとって強力な差別化要因となります。
サプライチェーン最適化の著しい増加
サプライチェーンの最適化も、世界市場に好影響を与えている重要な要因のひとつです。今日の産業界は、より効率的な運営を常に迫られており、機敏で応答性が高く、弾力性のあるサプライチェーンが必要とされています。コンパウンドプラスチックスは、特定の産業ニーズに合わせてカスタマイズ可能な幅広い特性を備えているため、このような状況において特に有利です。このような特殊な材料を信頼性が高く安定的に供給することで、企業は生産スケジュールを計画しやすくなり、保管コストを最小限に抑え、無駄を省くことができます。さらに、サプライチェーンのグローバリゼーションに伴い、国際的な品質基準の遵守が求められているため、コンパウンドプラスチックの一貫した性能がより重要になっています。このようなサプライチェーン最適化の推進は、コンパウンドプラスチック製造業者とエンドユーザーとの緊密な連携につながるため、より合理的で効率的なシステムが構築され、市場成長を大きく後押しすることになります。
ポリマー科学の絶え間ない技術進歩
ポリマー科学におけるブレークスルーは、市場拡大の重要な要因となっています。材料科学におけるナノ技術と計算シミュレーションの統合により、高度に特殊な特性を持つコンパウンドプラスチックの設計が可能になりました。ナノ技術、計算シミュレーション、高度な重合技術などの革新により、極端な耐熱性、高い導電性、ユニークな光学特性を持つプラスチックコンパウンドの創出が可能になっています。こうした進歩により、産業界は金属やセラミック、さらには一部の複合材料をコンパウンドプラスチックに置き換えることができるようになり、その用途は航空宇宙、高度医療機器、再生可能エネルギー技術などのハイ最終用途にまで広がっています。その結果、ポリマー科学における絶え間ない技術革新は、既存の市場需要を満たすだけでなく、コンパウンドプラスチックのまったく新しい道や用途を生み出しています。
目次
第1章 序文
第2章 調査範囲と調査手法
- 調査目的
- 利害関係者
- データソース
- 一次情報
- 二次情報
- 市場推定
- ボトムアップアプローチ
- トップダウンアプローチ
- 調査手法
第3章 エグゼクティブサマリー
第4章 イントロダクション
- 概要
- 主要産業動向
第5章 プラスチックコンパウンドの世界市場
- 市場概要
- 市場実績
- COVID-19の影響
- 市場予測
第6章 市場内訳：製品別
- ポリエチレン（PE）
- ポリプロピレン（PP）
- 熱可塑性バルカニゼット（TPV）
- 熱可塑性ポリオレフィン（TPO）
- ポリ塩化ビニル（PVC）
- ポリスチレン（PS）
- ポリエチレンテレフタレート（PET）
- ポリブチレンテレフタレート（PBT）
- ポリアミド（PA）
- ポリカーボネート（PC）
- アクリロニトリルブタジエン系（ABS）
- その他
第7章 市場内訳：用途別
- 自動車
- 建築・建設
- 電気・電子
- 包装
- 消費財
- 産業機械
- 医療機器
- 光学メディア
- その他
第8章 市場内訳：地域別
- 北米
- 米国
- カナダ
- アジア太平洋
- 中国
- 日本
- インド
- 韓国
- オーストラリア
- インドネシア
- その他
- 欧州
- ドイツ
- フランス
- 英国
- イタリア
- スペイン
- ロシア
- その他
- ラテンアメリカ
- ブラジル
- メキシコ
- その他
- 中東・アフリカ
- 市場動向
- 市場内訳：国別
- 市場予測
第9章 SWOT分析
- 概要
- 強み
- 弱み
- 機会
- 脅威
第10章 バリューチェーン分析
第11章 ポーターのファイブフォース分析
- 概要
- 買い手の交渉力
- 供給企業の交渉力
- 競合の程度
- 新規参入業者の脅威
- 代替品の脅威
第12章 価格分析
第13章 競合情勢
- 市場構造
- 主要企業
- 主要企業のプロファイル
- Adell Plastics Inc.
- Agiplast
- Asahi Kasei Corporation
- Aurora Plastics LLC
- BASF SE
- Celanese Corporation
- Coperion GmbH（Hillenbrand Germany Holding GmbH）
- Covestro AG
- K.D. Feddersen
- LyondellBasell Industries Holdings B.V.
- Ravago Manufacturing India Pvt. Ltd.
- Solvay S.A.
List of Figures
- Figure 1: Global: Plastic Compounding Market: Major Drivers and Challenges
- Figure 2: Global: Plastic Compounding Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Plastic Compounding Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Plastic Compounding Market: Breakup by Product (in %), 2023
- Figure 5: Global: Plastic Compounding Market: Breakup by Application (in %), 2023
- Figure 6: Global: Plastic Compounding Market: Breakup by Region (in %), 2023
- Figure 7: Global: Plastic Compounding (Polyethylene) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Plastic Compounding (Polyethylene) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Plastic Compounding (Polypropylene) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Plastic Compounding (Polypropylene) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Plastic Compounding (Thermoplastic Vulcanizates) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Plastic Compounding (Thermoplastic Vulcanizates) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Plastic Compounding (Thermoplastic Polyolefins) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Plastic Compounding (Thermoplastic Polyolefins) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Plastic Compounding (Polyvinyl Chloride) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Plastic Compounding (Polyvinyl Chloride) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Plastic Compounding (Polystyrene) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Plastic Compounding (Polystyrene) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Plastic Compounding (Polyethylene Terephthalate) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Plastic Compounding (Polyethylene Terephthalate) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Plastic Compounding (Polybutylene Terephthalate) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Plastic Compounding (Polybutylene Terephthalate) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Plastic Compounding (Polyamide) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Plastic Compounding (Polyamide) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Plastic Compounding (Polycarbonate) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Plastic Compounding (Polycarbonate) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Plastic Compounding (Acrylonitrile Butadiene Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Plastic Compounding (Acrylonitrile Butadiene Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Plastic Compounding (Other Products) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Plastic Compounding (Other Products) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Plastic Compounding (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Plastic Compounding (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Plastic Compounding (Building & Construction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Plastic Compounding (Building & Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: Plastic Compounding (Electrical & Electronics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: Plastic Compounding (Electrical & Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Global: Plastic Compounding (Packaging) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Global: Plastic Compounding (Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Global: Plastic Compounding (Consumer Goods) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Global: Plastic Compounding (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Global: Plastic Compounding (Industrial Machinery) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Global: Plastic Compounding (Industrial Machinery) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Global: Plastic Compounding (Medical Device) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Global: Plastic Compounding (Medical Device) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Global: Plastic Compounding (Optical Media) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Global: Plastic Compounding (Optical Media) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Global: Plastic Compounding (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Global: Plastic Compounding (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: North America: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: North America: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: United States: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: United States: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Canada: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Canada: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Asia-Pacific: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Asia-Pacific: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: China: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: China: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Japan: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Japan: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: India: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: India: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: South Korea: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: South Korea: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Australia: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Australia: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Indonesia: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Indonesia: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Others: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Others: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Europe: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Europe: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Germany: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Germany: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: France: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: France: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: United Kingdom: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: United Kingdom: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Italy: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Italy: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Spain: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Spain: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Russia: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 84: Russia: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 85: Others: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 86: Others: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 87: Latin America: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 88: Latin America: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 89: Brazil: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 90: Brazil: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 91: Mexico: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 92: Mexico: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 93: Others: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 94: Others: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 95: Middle East and Africa: Plastic Compounding Market: Sales Value (in Million US$), 2018 & 2023
- Figure 96: Middle East and Africa: Plastic Compounding Market: Breakup by Country (in %), 2023
- Figure 97: Middle East and Africa: Plastic Compounding Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 98: Global: Plastic Compounding Industry: SWOT Analysis
- Figure 99: Global: Plastic Compounding Industry: Value Chain Analysis
- Figure 100: Global: Plastic Compounding Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Plastic Compounding Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Plastic Compounding Market Forecast: Breakup by Product (in Million US$), 2024-2032
- Table 3: Global: Plastic Compounding Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Plastic Compounding Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Plastic Compounding Market: Competitive Structure
- Table 6: Global: Plastic Compounding Market: Key Players
The global plastic compounding market size reached US$ 68.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 111.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032. The escalating demand in the automotive sector for lightweight, durable materials that enhance fuel efficiency, rise in construction and renovation activities across the globe, and continual technological advancements in polymer science represent some of the factors that are propelling the market.
Plastic compounding refers to the process of blending plastics with additives, fillers, or reinforcements to achieve desired material characteristics that suit specific applications. During this procedure, base resins are intimately combined with elements such as flame retardants, antistatic agents, and plasticizers, among others, through various methods like blending, kneading, or melt-mixing. The outcome is a composite material possessing optimized mechanical, thermal, and electrical properties. These compounded plastics exhibit superior durability, resistance to environmental factors, and functionality compared to their base forms. By manipulating the additives, businesses can achieve a range of customizations, from increased tensile strength to enhanced coloration and improved flame resistance.
The global market is primarily driven by the escalating demand in the automotive sector for lightweight, durable materials that enhance fuel efficiency. Concurrently, a rise in construction and renovation activities across the globe is increasing the application of compounded plastics for critical components such as pipes and insulations. Alongside this, the healthcare industry's burgeoning need for specialized compounds for medical devices and sanitary applications is adding momentum to the market. Furthermore, the rapid expansion of e-commerce platforms necessitates durable packaging materials, further driving the demand. Moreover, the globalization of supply chains across multiple sectors places an emphasis on consistent quality, thereby increasing reliance on compounded materials. Some of the other factors contributing to the market include the rising inclination toward versatile, aesthetically pleasing compounds in fashion industry, continual enhancements in compounding machinery, extensive research and development (R&D) activities focused on developing high-performance compounds, and stringent material requirements for extreme conditions in the aerospace industry.
Plastic Compounding Market Trends/Drivers:
Growing number of sustainability and circular economy initiatives
The growing emphasis on sustainability and the implementation of circular economy principles are shaping corporate strategies and consumer preferences alike. Regulatory bodies worldwide are increasingly setting stringent guidelines for the manufacturing sector, compelling companies to reduce their carbon footprint and minimize waste. In this context, compounded plastics that are designed to be recycled, reused, or biodegraded become immensely valuable. These products can be integrated into a closed-loop system, where materials are collected after their initial life cycle, reprocessed, and reintroduced into the manufacturing chain. This strategy is not only eco-friendly but also cost-effective in the long run. Moreover, the adoption of sustainable compounded plastics serves as a strong differentiating factor for companies, as it resonates with the values of a growing base of environmentally-conscious consumers.
Considerable rise in supply chain optimization
Supply chain optimization is another vital driver that is impacting the global market positively. Industries today are under constant pressure to operate more efficiently, necessitating a supply chain that is agile, responsive, and resilient. Compounded plastics are particularly advantageous in this scenario, given their wide array of customizable properties that can be tailored to specific industrial needs. By having a reliable, consistent supply of such specialized materials, companies can better plan their production schedules, minimize storage costs, and reduce waste. Furthermore, the globalization of supply chains requires adherence to international quality standards, making the consistent performance of compounded plastics even more critical. This drive towards supply chain optimization leads to closer collaborations between compounded plastic manufacturers and end-users, thereby creating a more streamlined and efficient system that significantly propels market growth.
Continual technological advancements in polymer science
Breakthroughs in polymer science serve as a critical factor in the expansion of the market. With the integration of nanotechnology and computational simulations in material science, it's now possible to engineer compounded plastics with highly specialized properties. Innovations such as nanotechnology, computational simulations, and advanced polymerization techniques are enabling the creation of plastic compounds with extreme temperature resistance, high electrical conductivity, and unique optical characteristics. These advancements are allowing industries to replace metals, ceramics, and even some composite materials with compounded plastics, extending their use to high-end applications like aerospace, advanced medical devices, and renewable energy technologies. As a result, continual technological innovations in polymer science are not only fulfilling existing market demands but are also creating entirely new avenues and applications for compounded plastics.
Plastic Compounding Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global plastic compounding market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on product and application.
Breakup by Product:
Polyethylene (PE)
Polypropylene (PP)
Thermoplastic Vulcanizates (TPV)
Thermoplastic Polyolefins (TPO)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Polyamide (PA)
Polycarbonate (PC)
Acrylonitrile Butadiene Systems (ABS)
Others
Polypropylene (PP) represents the largest market segment
The report has provided a detailed breakup and analysis of the market based on the product. This includes polyethylene (PE), polypropylene (PP), thermoplastic vulcanizates (TPV), thermoplastic polyolefins (TPO), polyvinyl chloride (PVC), polystyrene (PS), polyethylene terephthalate (PET), polybutylene terephthalate (PBT), polyamide (PA), polycarbonate (PC), acrylonitrile butadiene systems (ABS), and others. According to the report, polypropylene (PP) represented the largest segment.
Polypropylene (PP) represents a major segment in the plastic compounding market due to its diverse applications and cost-effectiveness. Its high resistance to chemicals, fatigue, and elasticity makes it suitable for automotive parts, consumer goods, and packaging solutions. Demand for lightweight materials in the automotive sector, coupled with the growing use of PP in reusable consumer goods, contributes to the market growth. In addition, advancements in catalyst technology have improved PP's mechanical properties, further driving its market demand. Regulatory norms advocating the use of recyclable materials are also supporting the growth of the PP segment.
On the other hand, polyethylene (PE), thermoplastic vulcanizates (TPV), thermoplastic polyolefins (TPO), polyvinyl chloride (PVC), polystyrene (PS), polyethylene terephthalate (PET), polybutylene terephthalate (PBT), polyamide (PA), polycarbonate (PC), acrylonitrile butadiene systems (ABS), and others are also experiencing a positive growth trajectory in the market. PE is heavily used in packaging, while TPV and TPO find applications in automotive interiors. Increased construction activity is driving the demand for PVC and PS, used commonly in pipes and insulation materials respectively.
Breakup by Application:
Automotive
Building & Construction
Electrical & Electronics
Packaging
Consumer Goods
Industrial Machinery
Medical Device
Optical Media
Others
Automotive accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the application. This includes automotive, building and construction, electrical and electronics, packaging, consumer goods, industrial machinery, medical device, optical media, and others. According to the report, automotive represented the largest segment.
In the automotive sector, the focus on lightweight materials to improve fuel efficiency has been a major market driver for plastic compounding. Advancements in plastics engineering have made compounds that can replace metal parts, offering the same strength but at a fraction of the weight. Regulatory pressures to lower carbon emissions and improve vehicle recyclability are leading to increased adoption of plastic compounds in automotive manufacturing. Manufacturers are also leaning towards bio-based and recyclable compounds to meet environmental norms. In turn, this sustains the growth of the automotive segment in the plastic compounding market.
On the other hand, building and construction benefit from plastics for insulation, while the medical device sector uses specialized plastic compounds for prosthetics and surgical tools. The packaging industry leans on plastic for its lightweight and durable properties, which also has positive implications for shipping costs. In the electrical and electronics sector, plastics are crucial for insulating wires and components.
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific exhibits a clear dominance, accounting for the largest plastic compounding market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
The Asia Pacific region is experiencing a considerable rise in the demand for plastic compounding due to rapid industrialization and increased manufacturing activities. The region's growing automotive sector is particularly beneficial for the plastic compounding market, as it's driving demand for high-performance materials. China, being the manufacturing hub, is significantly contributing to market growth, with its expanding industries in automotive, electronics, and construction.
Moreover, the region has been a focus for international companies looking to outsource manufacturing, thus increasing the local consumption of plastic compounds. The increased urbanization rates in countries like India and Southeast Asian nations further fuel the demand for plastics in construction and consumer goods.
In line with this, various governments in the region are setting regulations to promote the use of sustainable and recyclable materials, aligning with global environmental concerns. This regulatory landscape provides a constructive environment for innovative, eco-friendly plastic compounding solutions. Overall, the economic landscape, coupled with industrial growth and favorable policies, makes Asia Pacific a key market for plastic compounding.
Competitive Landscape:
Key players in the market are actively investing in research and development to create innovative, high-performance compounds. These market leaders are also focusing on strategic mergers and acquisitions to expand their product portfolios and reach new customer bases. To strengthen their market position, the major companies are forming partnerships with raw material suppliers, ensuring consistent quality and supply chain reliability. Furthermore, the prominent players are adopting sustainable practices by incorporating recycled or bio-based materials in their products to meet the growing environmental concerns. By engaging in vertical integration, some companies are gaining greater control over manufacturing processes, thereby reducing costs and enhancing product quality.
The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
Adell Plastics Inc.
Agiplast
Asahi Kasei Corporation
Aurora Plastics LLC
BASF SE
Celanese Corporation
Coperion GmbH (Hillenbrand Germany Holding GmbH)
Covestro AG
K.D. Feddersen
LyondellBasell Industries Holdings B.V.
Ravago Manufacturing India Pvt. Ltd.
Solvay S.A
Recent Developments:
In May 2021, Agiplast was acquired by Arkema. Agiplast specializes in the regeneration of high-performance polymers, and with this acquisition, Arkema will be the first fully integrated manufacturer of high-performance polymers offering both bio-based and recycled materials.
In July 2023, Asahi Kasei Corporation announced that it has joined the Japan Hydrogen Forum (JH2F), which was established to support the decarbonization goals of U.S. federal, state, and local governments.
In October 2022, Aurora Plastics LLC announced its merger with Enviroplas Inc. ("Enviroplas"), an engineering compounding business, in partnership with Enviroplas management. The move represents the company's launch of an engineered polymers business segment.
Key Questions Answered in This Report
- 1. What was the size of the global plastic compounding market in 2023?
- 2. What is the expected growth rate of the global plastic compounding market during 2024-2032?
- 3. What are the key factors driving the global plastic compounding market?
- 4. What has been the impact of COVID-19 on the global plastic compounding market?
- 5. What is the breakup of the global plastic compounding market based on the product?
- 6. What is the breakup of the global plastic compounding market based on the application?
- 7. What are the key regions in the global plastic compounding market?
- 8. Who are the key players/companies in the global plastic compounding market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Plastic Compounding Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 Polyethylene (PE)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Polypropylene (PP)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Thermoplastic Vulcanizates (TPV)
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Thermoplastic Polyolefins (TPO)
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Polyvinyl Chloride (PVC)
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Polystyrene (PS)
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Polyethylene Terephthalate (PET)
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Polybutylene Terephthalate (PBT)
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
- 6.9 Polyamide (PA)
- 6.9.1 Market Trends
- 6.9.2 Market Forecast
- 6.10 Polycarbonate (PC)
- 6.10.1 Market Trends
- 6.10.2 Market Forecast
- 6.11 Acrylonitrile Butadiene Systems (ABS)
- 6.11.1 Market Trends
- 6.11.2 Market Forecast
- 6.12 Others
- 6.12.1 Market Trends
- 6.12.2 Market Forecast
7 Market Breakup by Application
- 7.1 Automotive
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Building & Construction
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Electrical & Electronics
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Packaging
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Consumer Goods
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Industrial Machinery
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Medical Device
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 7.8 Optical Media
- 7.8.1 Market Trends
- 7.8.2 Market Forecast
- 7.9 Others
- 7.9.1 Market Trends
- 7.9.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Adell Plastics Inc.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Agiplast
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Asahi Kasei Corporation
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Aurora Plastics LLC
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 BASF SE
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.5.3 Financials
- 13.3.5.4 SWOT Analysis
- 13.3.6 Celanese Corporation
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Coperion GmbH (Hillenbrand Germany Holding GmbH)
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Covestro AG
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 K.D. Feddersen
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 LyondellBasell Industries Holdings B.V.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 Ravago Manufacturing India Pvt. Ltd.
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Solvay S.A.
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.12.4 SWOT Analysis
- 13.3.1 Adell Plastics Inc.
