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Global Market for Plastics Compounding

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    Report

  • 144 Pages
  • June 2024
  • Region: Global
  • BCC Research
  • ID: 5515323
Description Jump to:

The global market for plastic compounding is estimated to increase from $57.8 billion in 2023 to reach $80.3 billion by 2029, at a compound annual growth rate (CAGR) of 5.8% from 2024 through 2029.

Report Scope

This report covers some of the parameters of plastic compounding examined by industries and regulatory bodies due to their growing advances and expansions in the plastic sector. It primarily focuses on plastic compounding polymers, additives and their industrial application in such industries as transportation, electronics and electrical, packaging, construction, medical and healthcare and consumer goods. The publisher analyzed essential categories and regions to determine the present and future plastic compounding market status, and then forecast market growth from 2024 through 2029. This report also discusses market strategies, market ESG development, regulatory landscape, key players in countries, plastic compounding analysis and market driving forces. The report segments the market by region based on Asia-Pacific, Europe, North America and the Rest of the World (RoW).

The growing global industrialization has increased the demand for plastic compounding, requiring enhanced such properties as recyclability, flame resistance and longer life, which are driving factors that will propel market growth. Developing new plastic products and adopting recycled and bio-based manufacturing practices contribute to the market’s necessity. The plastic compounding market plays a crucial role in addressing the challenges of plastic demand and industrial productivity.

The global plastic compounding market is segmented into:

  • Product type: Polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polyethylene terephthalate (PET), polystyrene (PS) and others.
  • Source: Fossil based, recycled and bio-based.
  • Additives: Plasticizers, flame retardants, fillers and reinforcements, stabilizers, antioxidants, colorants and others.
  • End Use: Packaging, transportation, construction, electronics and electrical, consumer goods, medical and healthcare, and others.

The market estimations and size are provided in terms of value ($ millions) and volume (Kilo tons), with 2023 serving as the base year and market forecasts given for the period from 2024 to the end of 2029. Regional-level market sizes, with respect to technology and application, are also provided.

Report Includes

  • 106 data tables and 39 additional tables
  • Analysis of the global markets for plastics compounding process
  • Analyses of the global market trends, with market revenue data for 2022, estimates for 2023, forecasts for 2024 and projected CAGRs through 2029
  • Estimate of the current market size and revenue growth prospects in value and volumetric terms, with a market share analysis by product type, source, additives, end user and region
  • Facts and figures pertaining to market dynamics, current and emerging technologies, regulations, and trends, including macroeconomic factors
  • Review of key plastics additives used in plastics compounding and advances in plastics compounding-based equipment and machinery
  • Overview of sustainability trends and ESG developments in the industry, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices.
  • A look at recent patent activity
  • Identification of the major resin producers, key plastics processors and independent compounders, along with their product lines, and estimated sales
  • An analysis of the industry structure, including companies’ market shares, M&A activity and venture funding outlook
  • Company profiles of major players within the industry, including BASF SE, Mitsui Chemicals Inc., LyondellBasell Industries, and Dow.

Table of Contents

Chapter 1 Executive Summary
  • Market Outlook
  • Scope of Report
  • Market Summary
Chapter 2 Market Overview
  • Market Definition
  • Process of Plastic Compounding
  • Plastic Compounding Analysis
  • Compounder Type
  • Fillers and Reinforcements
  • Machinery and Equipment
  • Masterbatches
Chapter 3 Market Dynamics
  • Market Dynamics
  • Market Drivers
  • Growing Demand from End-User Industries for Compound Plastics
  • Advancements in Technology and Innovation in the Plastic Compounding Industry
  • Market Restraints
  • Fluctuating Raw Material Costs
  • Environmental and Regulations Compliance
  • Sustainability Pressure in the Plastic Compounding Market
  • Market Opportunities
  • Shift Toward Recycled Materials in the Plastic Compounding Industry
  • Rising Demand for Bio-Based Plastic Compounds
Chapter 4 Regulatory Landscape
Chapter 5 Emerging Technologies and Developments
  • New Technologies
  • Smart Compounding Equipment for Plastic Compounding
  • Three-Dimensional Printing in Plastic Compounding
  • Patent Analysis
  • Significance of Patents
  • Importance of Patent Analysis
  • Patent Analysis Based on Country of Origin
  • Patent Analysis Based on Year Issued
  • Patent Analysis Based on Companies to Which Patents Were Issued
Chapter 6 Market Segmentation Analysis
  • Segmental Breakdown
  • Market Analysis by Product Type
  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride
  • Polyethylene Terephthalate
  • Polystyrene
  • Others
  • Market Analysis by Source
  • Fossil-Based
  • Recycled
  • Bio-Based
  • Market Analysis by Additives
  • Plasticizers
  • Flame Retardants
  • Stabilizers
  • Colorants
  • Fillers and Reinforcements
  • Antioxidants
  • Other Additives
  • Market Analysis by End Use
  • Transportation
  • Electronics and Electrical
  • Construction
  • Medical and Healthcare
  • Packaging
  • Consumer Goods
  • Other End Uses
  • Geographic Breakdown
  • Market Analysis by Region
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
Chapter 7 Competitive Intelligence
  • Industry Structure
  • Market Share Analysis
  • Strategic Analysis
  • Mergers and Acquisitions Analysis
Chapter 8 Sustainability in Plastic Compounding Industry: An ESG Perspective
  • Key ESG Issues in the Plastic Compounding Sector
  • Carbon Footprint and Environmental Impact
  • Labor Practices
  • Transparency and Governance
  • Plastic Compounding Industry ESG Performance Analysis
  • Environmental Performance
  • Social Performance
  • Governance Performance
  • Consumer Attitudes Toward ESG in the Plastic Compounding Market
  • Concluding Remarks
Chapter 9 Appendix
  • Methodology
  • Sources
  • References
  • Abbreviations
  • Company Profiles
  • AMCO POLYMERS
  • BASF SE
  • CELANESE CORP.
  • COVESTRO AG
  • DOW
  • EXXON MOBIL CORP.
  • MITSUI CHEMICALS INC.
  • LANXESS
  • LYONDELLBASELL INDUSTRIES N.V.
  • SABIC
List of Tables
Summary Table: Global Market Revenue for Plastic Compounding, by Region, Through 2029
Table 1: Regulatory Bodies in the Global Plastic Compounding Market
Table 2: Patents Related to Plastic Compounding, by Applicants’ Country of Origin, 2022-2023
Table 3: Patents Related to Liquid Crystal Polymers, by Company, January 2022-December 2023
Table 4: Patents in Plastic Compounding, January 2022-March 2024
Table 5: Global Plastic Compounding Market Revenue, by Product Type, Through 2029
Table 6: Global Plastic Compounding Market Volume, by Product Type, Through 2029
Table 7: Global Plastic Compounding Market Revenue for Polyethylene, by Region, Through 2029
Table 8: Global Plastic Compounding Market Volume for Polyethylene, by Region, Through 2029
Table 9: Global Plastic Compounding Market Revenue for Polypropylene, by Region, Through 2029
Table 10: Global Plastic Compounding Market Volume for Polypropylene, by Region, Through 2029
Table 11: Global Plastic Compounding Market Revenue for Polyvinyl Chloride, by Region, Through 2029
Table 12: Global Plastic Compounding Market Volume for Polyvinyl Chloride, by Region, Through 2029
Table 13: Global Plastic Compounding Market Revenue for Polyethylene Terephthalate, by Region, Through 2029
Table 14: Global Plastic Compounding Market Volume for Polyethylene Terephthalate, by Region, Through 2029
Table 15: Global Plastic Compounding Market Revenue for Polystyrene, by Region, Through 2029
Table 16: Global Plastic Compounding Market Volume for Polystyrene, by Region, Through 2029
Table 17: Global Plastic Compounding Market Revenue for Other Types of Thermoplastics, by Region, Through 2029
Table 18: Global Plastic Compounding Market Volume for Other Types of Thermoplastics, by Region, Through 2029
Table 19: Global Plastic Compounding Market Revenue, by Source, Through 2029
Table 20: Global Plastic Compounding Market Volume, by Source, Through 2029
Table 21: Global Plastic Compounding Market Revenue for Fossil-Based Materials, by Region, Through 2029
Table 22: Global Plastic Compounding Market Volume for Fossil-Based Materials, by Region, Through 2029
Table 23: Global Plastic Compounding Market Revenue for Recycled Materials, by Region, Through 2029
Table 24: Global Plastic Compounding Market Volume for Recycled Materials, by Region, Through 2029
Table 25: Global Plastic Compounding Market Revenue for Bio-based Materials, by Region, Through 2029
Table 26: Global Plastic Compounding Market Volume for Bio-based Materials, by Region, Through 2029
Table 27: Global Plastic Compounding Market Revenue, by Additives, Through 2029
Table 28: Global Plastic Compounding Market Volume, by Additives, Through 2029
Table 29: Global Plastic Compounding Market Revenue for Plasticizers, by Region, Through 2029
Table 30: Global Plastic Compounding Market Volume for Plasticizers, by Region, Through 2029
Table 31: Global Plastic Compounding Market Revenue for Flame Retardants, by Region, Through 2029
Table 32: Global Plastic Compounding Market Volume for Flame Retardants, by Region, Through 2029
Table 33: Global Plastic Compounding Market Revenue for Stabilizers, by Region, Through 2029
Table 34: Global Plastic Compounding Market Volume for Stabilizers, by Region, Through 2029
Table 35: Global Plastic Compounding Market Revenue for Colorants, by Region, Through 2029
Table 36: Global Plastic Compounding Market Volume for Colorants, by Region, Through 2029
Table 37: Global Plastic Compounding Market Revenue for Fillers and Reinforcements, by Region, Through 2029
Table 38: Global Plastic Compounding Market Volume for Fillers and Reinforcements, by Region, Through 2029
Table 39: Global Plastic Compounding Market Revenue for Antioxidants, by Region, Through 2029
Table 40: Global Plastic Compounding Market Volume for Antioxidants, by Region, Through 2029
Table 41: Global Plastic Compounding Market Revenue for Other Additives, by Region, Through 2029
Table 42: Global Plastic Compounding Market Volume for Other Additives, by Region, Through 2029
Table 43: Global Plastic Compounding Market Revenue, by End Use, Through 2029
Table 44: Global Plastic Compounding Market Volume, by End Use, Through 2029
Table 45: Global Plastic Compounding Market Revenue for Transportation, by Region, Through 2029
Table 46: Global Plastic Compounding Market Volume for Transportation, by Region, Through 2029
Table 47: Global Plastic Compounding Market Revenue for Electronics and Electricals, by Region, Through 2029
Table 48: Global Plastic Compounding Market Volume for Electronics and Electricals, by Region, Through 2029
Table 49: Global Plastic Compounding Market Revenue for Construction, by Region, Through 2029
Table 50: Global Plastic Compounding Market Volume for Construction, by Region, Through 2029
Table 51: Global Plastic Compounding Market Revenue for Medical and Healthcare, by Region, Through 2029
Table 52: Global Plastic Compounding Market Volume for Medical and Healthcare, by Region, Through 2029
Table 53: Global Plastic Compounding Market Revenue for Packaging, by Region, Through 2029
Table 54: Global Plastic Compounding Market Volume for Packaging, by Region, Through 2029
Table 55: Global Plastic Compounding Market Revenue for Consumer Goods, by Region, Through 2029
Table 56: Global Plastic Compounding Market Volume for Consumer Goods, by Region, Through 2029
Table 57: Global Plastic Compounding Market Revenue for Other End-User Industries, by Region, Through 2029
Table 58: Global Plastic Compounding Market Volume for Other End-User Industries, by Region, Through 2029
Table 59: Global Plastic Compounding Market Volume, by Region, Through 2029
Table 60: Global Plastic Compounding Market Revenue, by Region, Through 2029
Table 61: North American Plastic Compounding Market Volume, by Country, Through 2029
Table 62: North American Plastic Compounding Market Revenue, by Country, Through 2029
Table 63: North American Plastic Compounding Market Volume, by Product Type, Through 2029
Table 64: North American Plastic Compounding Market Revenue, by Product Type, Through 2029
Table 65: North American Plastic Compounding Market Volume, by Source, Through 2029
Table 66: North American Plastic Compounding Market Revenue, by Source, Through 2029
Table 67: North American Plastic Compounding Market Volume, by Additives, Through 2029
Table 68: North American Plastic Compounding Market Revenue, by Additives, Through 2029
Table 69: North American Plastic Compounding Market Volume, by End Use, Through 2029
Table 70: North American Plastic Compounding Market Revenue, by End Use, Through 2029
Table 71: European Plastic Compounding Market Volume, by Country, Through 2029
Table 72: European Plastic Compounding Market Revenue, by Country, Through 2029
Table 73: European Plastic Compounding Market Volume, by Product Type, Through 2029
Table 74: European Plastic Compounding Market Revenue, by Product Type, Through 2029
Table 75: European Plastic Compounding Market Volume, by Source, Through 2029
Table 76: European Plastic Compounding Market Revenue, by Source, Through 2029
Table 77: European Plastic Compounding Market Volume, by Additives, Through 2029
Table 78: European Plastic Compounding Market Revenue, by Additives, Through 2029
Table 79: European Plastic Compounding Market Volume, by End Use, Through 2029
Table 80: European Plastic Compounding Market Revenue, by End Use, Through 2029
Table 81: Asia-Pacific Plastic Compounding Market Volume, by Country, Through 2029
Table 82: Asia-Pacific Plastic Compounding Market Revenue, by Country, Through 2029
Table 83: Asia-Pacific Plastic Compounding Market Volume, by Product Type, Through 2029
Table 84: Asia-Pacific Plastic Compounding Market Revenue, by Product Type, Through 2029
Table 85: Asia-Pacific Plastic Compounding Market Volume, by Source, Through 2029
Table 86: Asia-Pacific Plastic Compounding Market Revenue, by Source, Through 2029
Table 87: Asia-Pacific Plastic Compounding Market Volume, by Additives, Through 2029
Table 88: Asia-Pacific Plastic Compounding Market Revenue, by Additives, Through 2029
Table 89: Asia-Pacific Plastic Compounding Market Volume, by End Use, Through 2029
Table 90: Asia-Pacific Plastic Compounding Market Revenue, by End Use, Through 2029
Table 91: Rest of the World Plastic Compounding Market Volume, by Country, Through 2029
Table 92: Rest of the World Plastic Compounding Market Revenue, by Country, Through 2029
Table 93: Rest of the World Plastic Compounding Market Volume, by Product Type, Through 2029
Table 94: Rest of the World Plastic Compounding Market Revenue, by Product Type, Through 2029
Table 95: Rest of the World Plastic Compounding Market Volume, by Source, Through 2029
Table 96: Rest of the World Plastic Compounding Market Revenue, by Source, Through 2029
Table 97: Rest of the World Plastic Compounding Market Volume, by Additives, Through 2029
Table 98: Rest of the World Plastic Compounding Market Revenue, by Additives, Through 2029
Table 99: Rest of the World Plastic Compounding Market Volume, by End Use, Through 2029
Table 100: Rest of the World Plastic Compounding Market Revenue, by End Use, Through 2029
Table 101: Mergers and Acquisitions in the Global Plastic Compounding Market, January 2022-March 2024
Table 102: Environmental Performance: Assesses a Company’s Effect on the Natural Environment
Table 103: Social Performance: Processes a Company’s Impact on Society and Communities.
Table 104: Governance Performance: Evaluate a Business’s Administration and Oversight Practices
Table 105: Report Sources
Table 106: Abbreviations Used in This Report
Table 107: AMCO Polymers: Company Snapshot
Table 108: AMCO Polymers: Product Portfolio
Table 109: AMCO Polymers: News/Key Developments, 2024
Table 110: BASF SE: Company Snapshot
Table 111: BASF SE: Financial Performance, FY 2022 and 2023
Table 112: BASF SE: Product Portfolio
Table 113: BASF SE: News/Key Developments, 2024
Table 114: Celanese Corp.: Company Snapshot
Table 115: Celanese Corp.: Financial Performance, FY 2022 and 2023
Table 116: Celanese Corp.: Product Portfolio
Table 117: Celanese Corp.: News/Key Developments, 2022
Table 118: Covestro AG: Company Snapshot
Table 119: Covestro AG: Financial Performance, FY 2022 and 2023
Table 120: Covestro AG: Product Portfolio
Table 121: Covestro AG: News/Key Developments, 2022 and 2023
Table 122: Dow: Company Snapshot
Table 123: Dow: Financial Performance, FY 2022 and 2023
Table 124: Dow: Product Portfolio
Table 125: Dow: News/Key Developments, 2020-2023
Table 126: Exxon Mobil Corp.: Company Snapshot
Table 127: Exxon Mobil Corp.: Financial Performance, FY 2022 and 2023
Table 128: Exxon Mobil Corp.: Product Portfolio
Table 129: Exxon Mobil Corp.: News/Key Developments, 2022
Table 130: Mitsui Chemicals Inc.: Company Snapshot
Table 131: Mitsui Chemicals Inc.: Financial Performance, FY 2021 and 2022
Table 132: Mitsui Chemicals Inc.: Product Portfolio
Table 133: Lanxess: Company Snapshot
Table 134: Lanxess: Financial Performance, FY 2022 and 2023
Table 135: Lanxess: Product Portfolio
Table 136: Lanxess: News/Key Developments, 2022
Table 137: LyondellBasell Industries N.V.: Company Snapshot
Table 138: LyondellBasell Industries N.V.: Financial Performance, FY 2022 and 2023
Table 139: LyondellBasell Industries N.V.: Product Portfolio
Table 140: LyondellBasell Industries N.V.: News/Key Developments, 2023 and 2024
Table 141: SABIC: Company Snapshot
Table 142: SABIC: Financial Performance, FY 2022 and 2023
Table 143: SABIC: Product Portfolio
Table 144: SABIC: News/Key Developments, 2022
List of Figures
Summary Figure: Global Market Revenue for Plastic Compounding, by Region, 2023-2029
Figure 1: Market Dynamics of Plastic Compounding
Figure 2: Patents Related to Plastic Compounding, by Year Issued, 2022 and 2023
Figure 3: Global Plastic Compounding Market Revenue Share, by Type, 2023
Figure 4: Global Plastic Compounding Market Revenue Share for Polyethylene, by Region, 2023
Figure 5: Global Plastic Compounding Market Revenue Share for Polypropylene, by Region, 2023
Figure 6: Global Plastic Compounding Market Revenue Share for Polyvinyl Chloride, by Region, 2023
Figure 7: Global Plastic Compounding Market Revenue Share for Polyethylene Terephthalate, by Region, 2023
Figure 8: Global Plastic Compounding Market Revenue Share for Polystyrene, by Region, 2023
Figure 9: Global Plastic Compounding Market Revenue Share for Other Types of Thermoplastics, by Region, 2023
Figure 10: Global Plastic Compounding Market Revenue Share, by Form, 2023
Figure 11: Global Plastic Compounding Market Revenue Share for Fossil-Based Materials, by Region, 2023
Figure 12: Global Plastic Compounding Market Revenue Share for Recycled Materials, by Region, 2023
Figure 13: Global Plastic Compounding Market Revenue Share for Bio-Based Materials, by Region, 2023
Figure 14: Global Plastic Compounding Market Revenue Share, by Additives, 2023
Figure 15: Global Plastic Compounding Market Revenue Share for Plasticizers, by Region, 2023
Figure 16: Global Plastic Compounding Market Revenue Share for Flame Retardants, by Region, 2023
Figure 17: Global Plastic Compounding Market Revenue Share for Stabilizers, by Region, 2023
Figure 18: Global Plastic Compounding Market Revenue Share for Colorants, by Region, 2023
Figure 19: Global Plastic Compounding Market Revenue Share for Fillers and Reinforcements, by Region, 2023
Figure 20: Global Plastic Compounding Market Revenue Share for Antioxidants, by Region, 2023
Figure 21: Global Plastic Compounding Market Revenue Share for Other Additives, by Region, 2023
Figure 22: Global Plastic Compounding Market Revenue Share, by End Use, 2023
Figure 23: Global Plastic Compounding Market Revenue Share for Transportation, by Region, 2023
Figure 24: Global Plastic Compounding Market Revenue Share for Electronics and Electricals, by Region, 2023
Figure 25: Global Plastic Compounding Market Revenue Share for Construction, by Region, 2023
Figure 26: Global Plastic Compounding Market Revenue Share for Medical and Healthcare, by Region, 2023
Figure 27: Global Plastic Compounding Market Revenue Share for Packaging, by Region, 2023
Figure 28: Global Plastic Compounding Market Revenue Share for Consumer Goods, by Region, 2023
Figure 29: Global Plastic Compounding Market Revenue Share for Other End-User Industries, by Region, 2023
Figure 30: Global Plastic Compounding Market Revenue Share, by Region, 2023
Figure 31: North American Plastic Compounding Market Revenue Share, by Country, 2023
Figure 32: North American Plastic Compounding Market Revenue Share, by Product Type, 2023
Figure 33: North American Plastic Compounding Market Revenue Share, by Source, 2023
Figure 34: North American Plastic Compounding Market Revenue Share, by Additives, 2023
Figure 35: North American Plastic Compounding Market Revenue Share, by End Use, 2023
Figure 36: European Plastic Compounding Market Revenue Share, by Country, 2023
Figure 37: European Plastic Compounding Market Revenue Share, by Product Type, 2023
Figure 38: European Plastic Compounding Market Revenue Share, by Source, 2023
Figure 39: European Plastic Compounding Market Revenue Share, by Additives, 2023
Figure 40: European Plastic Compounding Market Revenue Share, by End Use, 2023
Figure 41: Asia-Pacific Plastic Compounding Market Revenue Share, by Country, 2023
Figure 42: Asia-Pacific Plastic Compounding Market Revenue Share, by Product Type, 2023
Figure 43: Asia-Pacific Plastic Compounding Market Revenue Share, by Source, 2023
Figure 44: Asia-Pacific Plastic Compounding Market Revenue Share, by Additives, 2023
Figure 45: Asia-Pacific Plastic Compounding Market Revenue Share, by End Use, 2023
Figure 46: Rest of the World Plastic Compounding Market Revenue Share, by Country, 2023
Figure 47: Rest of the World Plastic Compounding Market Revenue Share, by Product Type, 2023
Figure 48: Rest of the World Plastic Compounding Market Revenue Share, by Source, 2023
Figure 49: Rest of the World Plastic Compounding Market Revenue Share, by Additives, 2023
Figure 50: Rest of the World Plastic Compounding Market Revenue Share, by End Use, 2023
Figure 51: Global Market Share for Plastic Compounding, by Company Revenue, 2023
Figure 52: ESG Perspective
Figure 53: BASF SE: Revenue Share, by Business Unit, FY 2023
Figure 54: BASF SE: Revenue Share, by Country/Region, FY 2023
Figure 55: Celanese Corp.: Revenue Share, by Business Unit, FY 2023
Figure 56: Celanese Corp.: Revenue Share, by Country/Region, FY 2023
Figure 57: Covestro AG: Revenue Share, by Business Unit, FY 2023
Figure 58: Covestro AG: Revenue Share, by Region, FY 2023
Figure 59: Dow: Revenue Share, by Business Unit, FY 2023
Figure 60: Dow: Revenue Share, by Country/Region, FY 2023
Figure 61: Exxon Mobil Corp.: Revenue Share, by Business Unit, FY 2023
Figure 62: Exxon Mobil Corp.: Revenue Share, by Region, FY 2023
Figure 63: Mitsui Chemicals Inc.: Revenue Share, by Business Unit, FY 2022
Figure 64: Mitsui Chemicals Inc.: Revenue Share, by Country/Region, FY 2022
Figure 65: Lanxess: Revenue Share, by Business Unit, FY 2023
Figure 66: Lanxess: Revenue Share, by Country/Region, FY 2023
Figure 67: LyondellBasell Industries N.V.: Revenue Share, by Business Unit, FY 2023
Figure 68: LyondellBasell Industries N.V.: Revenue Share, by Country/Region, FY 2023
Figure 69: SABIC: Revenue Share, by Business Unit, FY 2023
Figure 70: SABIC: Revenue Share, by Country/Region, FY 2023

Executive Summary

Plastic compounding refers to a process of combining neat resins along with additives to achieve desirable properties as well as performance requirements. The additives play a vital role in augmenting the aesthetic, physical, electrical and thermal properties of a material. The intricate process involved in compounding plastics entails determination of additive ratios, mixing through a twin-screw extruder and melt mixing. The material is then cooled down and shaped into pellets. Popular resins utilized in the process include polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS), polyethylene terephthalate (PET) and others.

It is primarily conducted by three types of companies: resin producers, plastics processors (such as injection and blow molders, thermoformers, extruders and film/sheet producers) and independent compounders, companies whose business is making plastic compounds and masterbatches, not resins or molded plastics products.

The role of each group varies by product segment, with large-volume processors such as extruders of sheet, film and pipe, and profiles assuming a more important compounding role than batch-focused processors like injection molders. Over the years, the compounding growth rate for resin producers has generally been slower than that of processors and compounders, as these latter companies take a bigger role in markets where significant proprietary technology is involved. Compounding trends are also highly dependent on different economic scenarios; for example, when polyethylene prices are high, PE bag makers and other large processors often compensate by increasing the addition of (that is, compounding with) cheaper calcium carbonate filler.

Among the latest trends, utilization of bioplastics in the global market is increasingly becoming popular, which is anticipated to further expand the industry share.

The production of compounded plastics is a large business and a highly competitive one. Competition is based on many factors, including speed, delivery, service, performance, product innovation, product recognition, quality and price. Mitsui Chemicals, LyondellBasell, SABIC and others are among the leading players in the global market.

The applications of plastic compounding market have boosted significantly due to their varied benefits. The automotive manufacturing industry is the leading end user of plastic compounds market globally. The sector offers a continued opportunity for the plastic compounding market, as this market offers an ideal material that acts as a substitute for metal, allowing for desirable weight reduction. Polypropylene (PP) and glass-filled PET are among the major compounded plastics utilized in the sector.


Companies Mentioned

  • Amco Polymers
  • Basf Se
  • Celanese Corp.
  • Covestro Ag
  • Dow
  • Exxon Mobil Corp.
  • Mitsui Chemicals Inc.
  • Lanxess
  • Lyondellbasell Industries N.V.
  • Sabic

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