Plastic Compounding Market Research Report- Forecast to 2023

Plastic Compounding Market Research Report- Forecast to 2023

ID: MRFR/CnM/3276-CRR | August, 2018 | Region: Global | 131 pages | Cooked Research Reports

Global Plastic Compounding Market: Information by Product (Polypropylene, Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate, and Others), Application (Automotive, Electrical & Electronics, Building & Construction), Region—Forecast till 2023


Market Scenario


The global manufacturing sector continues to place a tremendous requirement for polymer blends. The plastic compounding market is witnessing a fast expansion as a subsequent upshot of the phenomenon mentioned above. The global market for plastic compounding is projected to surpass a valuation of USD 7,62,400 Mn by the year 2023. Polymer blends are likely to remain a sought-after industrial product in the years to come as they find new application opportunities. Plastic compounding allows application of polymer variants such as PVC (Poly Vinyl Chloride), Polyethylene (PE), and Polypropylene (PP) in the manufacturing of a wide range of products. Moreover, there has been an uptick in consumption of plastic in large-scale sectors such as automotive, packaging, electronic, etc., which is supporting the growth of the market. Owing to effective use of compounding techniques, plastic has emerged as a viable alternative to glass and metal.


Report Overview


This MRFR study examines the market size of plastic compounding on a global scale and analyzes the key market dynamics. It offers an assessment of the current growth trends of market and revenue forecast for the next five years. The primary objective of the study is to review the market forces that are influencing the plastic compounding industry. It also includes a discussion on the application opportunities for plastic compounding over the next couple of years. The scope of the discussion also covers different plastic compounding products such as polypropylene, polyethylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, acrylonitrile butadiene styrene, polyamide, polycarbonate, thermoplastic polyolefins, thermoplastic vulcanizates, polybutylene terephthalate. The major application areas for plastic compounding analyzed include automotive, electrical & electronics, building & construction, packaging, consumer goods, industrial machinery, medical devices, and optical media.


Report Coverage


Value, Market Share, Player Analysis, country level break down for each segment


Players Covered


LyondellBasell Industries NV, SABIC, Borealis, INEOS, DuPont, BASF SE, Versalis S.p.A (Eni S.p.A), Asahi Kasei Corporation, Covestro AG, SO.F.TER S.r.l, 3M (Dyneon GmbH), LANXESS AG, and Total SA.


The report includes company profiles of leading market players along with their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.


Research Methodology


The fail-safe methodologies employed by Market Research Future (MRFR), which incorporate both qualitative and quantitative approaches ensures that accurate market intelligence is delivered. The aim is to empower our clients with impactful market insights. An in-depth analysis of the key micro and macroeconomic trends combined with historical data assures the reliability of the information available in our reports. The statistical observations are backed by data procured from credible sources through extensive primary and secondary research which include interviews with industry opinion holders across the value chain, SEC filings, whitepaper references, published financial statements of companies, paid database services, and, publications by organizations & governments among others. The top-down and bottom-up approaches validate the credibility of market projections. Also, a multi-layer verification process authenticates the accuracy of the market size and value estimation provided in our reports.


Analysis Period



  • Base Year- 2017

  • Projection Period- From 2018 to 2023

  • Market Denomination- USD Million


For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for plastic compounding.


By Product



  • Polypropylene

  • Polyethylene

  • Polyvinyl Chloride

  • Polyethylene Terephthalate

  • Polystyrene

  • Acrylonitrile Butadiene Styrene

  • Polyamide

  • Polycarbonate

  • Thermoplastic Polyolefins

  • Thermoplastic Vulcanizates

  • Polybutylene Terephthalate

  • Others


By Application



  • Automotive

  • Electrical & Electronics

  • Building & Construction

  • Packaging

  • Consumer Goods

  • Industrial Machinery

  • Solar mirror

  • Medical Devices

  • Optical Media

  • Others


By Region



  • North America: the US and Canada

  • Europe: Germany, Russia, Belgium, Poland, Portugal, UK, France, Italy, Spain, Netherlands, Czech Republic, Austria, and Rest of Europe

  • Asia-Pacific: China, Japan, India, and Rest of Asia-Pacific

  • Middle East & Africa: Turkey, GCC, North Africa, and Rest of the Middle East & Africa

  • Latin America: Brazil, Mexico, Argentina, and Rest of Latin America


Intended Audience



  • Plastic compounding manufacturers

  • Suppliers and distributors

  • Potential investors

  • Raw material suppliers

  • Associations

  • Government

  • End Use Industries

The global plastic compounding market is projected to catapult from USD 5,36,724.4 million in 2017 to USD 7,62,472.7 million by the end of 2023. Factors such as increasing plastic consumption by the automotive industry, rising demand for light and innovative materials in the packaging industry and growth of key end-use industries will help the market achieve a CAGR of 6.03% over the forecast period of 2017-2023.


Plastic compounds provider better durability than steel and aluminum and is widely accepted in the automotive manufacturing owing to its lightweight property. Plastic composites help improve fuel efficiency and safety and are more versatile in terms of aesthetic value which makes them the preferred choice for automakers in the production of automotive body exteriors, automotive interiors, chassis, electrical systems, powertrains, fuel systems, and engine components. Moreover, many plastic resins are recyclable. To comply with EPA and EU legislation pertaining to the reduction of carbon and other harmful emissions, automakers are progressively using plastic compounds to produce lightweight automotive parts which stimulate the market growth.


Plastic compounds are used as a replacement for glass and metals in various industrial applications in the aerospace, automotive, construction, and consumer and healthcare goods industry. Other than being lightweight and durable, they can also be molded to form various complex shapes. They provide creep resistance and can maintain structural performance at high temperatures, with higher resistance to corrosion and better surface finish. 


Volatility in the price of raw materials is expected to hinder the growth of the market over the forecast period. Polymers, plastic additives, lubricants, and solvents are used in the plastic compounding process which is subject to regular price fluctuation. Furthermore, these raw materials are produced through downstream processes of petrochemicals. Thus, variations in the price of crude oil and natural gas create inelasticity in demand and supply balance.


The prevailing trend of usage of recycled plastics in various end-use industries provides ample of scope for market expansion. Stringent North American and European regulations pertaining to waste management have prompted multiple manufacturers to utilize scrap plastics. Manufacturers are emphasizing recycling old plastics which also helps them increase overall productivity.


An increasing trend of use of bio-based plastics has in flexible packaging has resulted in the consumption of petrochemical-derived plastics which encourages plastic additive manufacturers to increase production of environment-friendly plastics to meet the demands of the global market.


The global plastic compounding market has been segmented based on product and application. By product, the market has been segmented into polypropylene, polyethylene, polyvinyl chloride, polyethylene terephthalate, polystyrene, acrylonitrile butadiene styrene, polyamide, polycarbonate, thermoplastic Polyolefins, thermoplastic vulcanizates, polybutylene terephthalate, and others. The Polypropylene segment is the leading segment and accounted for 31.07% share in 2017 and is expected to grow at a CAGR of 6.50% over the forecast period. The Polypropylene segment is observing high growth as it is increasingly used in the automotive industry due to its high impact resistance and serviceability. The Polyethylene segment is the second largest product segment and is expected to grow at a CAGR of 5.01% over the forecast period on account of high demand from end-use industries such as packaging, automotive, and pharmaceuticals.


By application, the market has been segmented into Automotive, Electrical & Electronics, Building & Construction, Packaging, Consumer Goods, Industrial Machinery, Medical Devices, Optical Media, and Others. The automotive segment is the leading segment which is estimated to expand at a CAGR of 7.53% over the forecast period. The automotive industry makes use of plastics at a large scale for the production of various automotive components. Moreover, the rise in production of passenger cars and heavy-duty vehicles, especially in Asia and Latin America is expected to provide growth opportunities over the forecast period. The packaging segment is the second largest segment and is expected to register substantial growth over the forecast period on account of escalating demand for packaged, ready to eat food products and beverages.


Regional analysis


The Asia Pacific is the leading market for plastic compounding and is expected to emerge as a prominent hub for the global plastic compounding market and is expected to offer quality growth exposure over the forecast period. The Asia Pacific market was valued at USD 2,55,831 million in 2017 and is expected to expand at a CAGR of 6.25% over the forecast period. The growth of the automotive industry, rising per capita income of consumers, and growing electronics and electrical industry can be attributed for this growth. Additionally, the Asia Pacific region offers the advantages of lower costs of production due to the availability of comparatively cheap labor and easy availability of raw materials in emerging economies of China, South Korea, and Thailand further supports the market growth. Greater regulatory emphasis on reduction of carbon footprints is also encouraging production of lightweight electric vehicles which is fueling the growth of the plastic compounding market. 


Europe accounts for the second largest share of the global plastic compounding market. Europe is projected to grow at a CAGR of 5.72% over the forecast period. The Europe market is growing on account of the growing packaging industry. Moreover, stringent regulations aiming at curbing carbon emissions prompt automakers to produce lightweight vehicles also is a driver of the Europe market. North America market for plastic compounding is also strong and projected to grow ta at CAGR of 5.17% over the forecast period. Increasing automotive production with increasing demand for lightweight vehicles will aid the growth of North America market.


Competitive Tracking


The top players in the global plastic compounding market comprise of LyondellBasell Industries NV, DowDuPont, INEOS, BASF SE, and SABIC. Other notable players include Borealis, Versalis S.p.A (Eni S.p.A), Covestro AG, 3M (Dyneon GmbH), Total S.A., Asahi Kasei Corporation, SO.F.TER S.r.l, and SO.F.TER S.r.l.

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TABLE OF CONTENTS

2.1 Definition 20

2.2 Scope of the Study 20

2.3 List of Assumptions 20

2.4 Limitations 20

2.5 Market Structure 21

3.1 Research Process 23

3.2 Primary Research 24

3.3 Secondary Research 25

3.4 Market Size Estimation 25

3.5 Forecast Model 26

4.1 Introduction 28

4.2 Drivers 29

4.2.1 Increasing plastic consumption in the automotive industry 29

4.2.2 Replacement for glass and metals 29

4.2.3 Rising demand for light and innovative materials in the packaging industry 30

4.2.4 Growth of key end-use industries 30

4.3 Restraint 32

4.3.1 Volatility in raw material prices 32

4.4 Opportunity 33

4.4.1 Growing use of recycled plastic in various end-use industries 33

4.5 Trend 33

4.5.1 Increasing use of bio-based plastic in various end-use applications 33

5.1 Supply Chain Analysis 35

5.1.1 Raw Material Suppliers 35

5.1.2 Plastic Compounding Manufacturers 35

5.1.3 Distribution Channel 36

5.1.4 End-Use Industry 36

5.2 Porter's Five Forces Analysis 36

5.2.1 Threat of New Entrants 36

5.2.2 Threat of Rivalry 37

5.2.3 Threat of Substitutes 37

5.2.4 Bargaining Power of Suppliers 37

5.2.5 Bargaining Power of Buyers 37

6.1 Polypropylene 41

6.2 Polyethylene 42

6.3 Polyvinyl Chloride 43

6.4 Polyethylene Terephthalate 44

6.5 Polystyrene 45

6.6 Acrylonitrile Butadiene Styrene 46

6.7 Polyamide 47

6.8 Polycarbonate 48

6.9 Thermoplastic Polyolefin 49

6.10 Thermoplastic Vulcanizates 50

6.11 Polybutylene Terephthalate 51

6.12 Others 52

7.1 Automotive 57

7.2 Electrical & Electronics 58

7.3 Building & Construction 59

7.4 Packaging 60

7.5 Consumer Goods 61

7.6 Industrial Machinery 62

7.7 Medical Devices 63

7.8 Optical Media 64

7.9 Others 65

8.1 Introduction 67

8.2 North America 72

8.2.1 US 76

8.2.2 Canada 79


8.3 Europe 82

8.3.1 Germany 87

8.3.2 Spain 90

8.3.3 France 93

8.3.4 UK 96

8.3.5 Italy 99

8.3.6 Russia 102

8.3.7 Belgium 105

8.3.8 Netherlands 108

8.3.9 Poland 111

8.3.10 Portugal 114

8.3.11 Czech Republic 117

8.3.12 Austria 120

8.3.13 Rest of Europe 123

8.4 Asia-Pacific 126

8.4.1 China 130

8.4.2 Japan 133

8.4.3 India 136

8.4.4 Rest of Asia-Pacific 139

8.5 Latin America 142

8.5.1 Brazil 146

8.5.2 Argentina 149

8.5.3 Mexico 152

8.5.4 Rest of Latin America 155

8.6 Middle East & Africa 158

8.6.1 Turkey 162

8.6.2 Saudi Arabia 165

8.6.3 UAE 168

8.6.4 North Africa 171

8.6.5 Rest of the Middle East & Africa 174

9.1.1 Global Plastic Compounding Market: Competitive Landscape 178


10.1 Borealis AG 180

10.1.1 Company Overview 180

10.1.2 Financial Overview 180

10.1.3 Products Offered 181

10.1.4 Key Developments 181

10.1.5 Swot Analysis 181

10.1.6 Key Strategies 181

10.2 INEOS 182

10.2.1 Company Overview 182

10.2.2 Financial Overview 182

10.2.3 Products Offered 183

10.2.4 Key Developments 183

10.2.5 Swot Analysis 183

10.2.6 Key Strategy 183

10.3 Versalis S.p.A (Eni S.p.A) 184

10.3.1 Company Overview 184

10.3.2 Financial Overview 184

10.3.3 Products Offered 185

10.3.4 Key Developments 185

10.3.5 Swot Analysis 185

10.3.6 Key Strategies 185

10.4 Asahi Kasei Corporation 186

10.4.1 Company Overview 186

10.4.2 Financial Overview 186

10.4.3 Products Offered 187

10.4.4 Key Developments 187

10.4.5 Swot Analysis 187

10.4.6 Key Strategy 187

10.5 Covestro AG 188

10.5.1 Company Overview 188

10.5.2 Financial Overview 188

10.5.3 Products Offered 189

10.5.4 Key Developments 189

10.5.5 Swot Analysis 189

10.5.6 Key Strategies 189

10.6 SO.F.TER S.r.l 190

10.6.1 Company Overview 190

10.6.2 Financial Overview 190

10.6.3 Products Offered 190

10.6.4 Key Developments 191

10.6.5 Swot Analysis 191

10.6.6 Key Strategies 191

10.7 3M (Dyneon GmbH) 192

10.7.1 Company Overview 192

10.7.2 Financial Overview 192

10.7.3 Products Offered 193

10.7.4 Key Developments 193

10.7.5 Swot Analysis 193

10.7.6 Key Strategy 193

10.8 Lanxess AG 194

10.8.1 Company Overview 194

10.8.2 Financial Overview 194

10.8.3 Products Offered 194

10.8.4 Key Developments 195

10.8.5 Swot Analysis 195

10.8.6 Key Strategies 195

10.9 DowDuPont 196

10.9.1 Company Overview 196

10.9.2 Financial Overview 196

10.9.3 Products Offered 197

10.9.4 Key Developments 197

10.9.5 Swot Analysis 197

10.9.6 Key Strategy 197

10.10 BASF SE 198

10.10.1 Company Overview 198

10.10.2 Financial Overview 198

10.10.3 Products Offered 199

10.10.4 Key Developments 199

10.10.5 Swot Analysis 199

10.10.6 Key Strategy 199

10.11 LyondellBasell Industries NV 200

1.11.1 Company Overview 200

10.11.1 Financial Overview 200

10.11.2 Products Offered 201

10.11.3 Key Developments 201

10.11.4 Swot Analysis 202

10.11.5 Key Strategies 202

10.12 Total 203

10.12.1 Company Overview 203

10.12.2 Financial Overview 203

10.12.3 Products Offered 204

10.12.4 Key Developments 204

10.12.5 Swot Analysis 204

10.12.6 Key Strategy 204

10.13 SABIC 205

10.13.1 Company Overview 205

10.13.2 Financial Overview 205

10.13.3 Products Offered 206

10.13.4 Key Developments 206

10.13.5 Swot Analysis 207

10.13.6 Key Strategy 207

10.14 KURARAY CO., LTD. 208

10.14.1 Company Overview 208

10.14.2 Financial Overview 208

10.14.3 Products Offered 209

10.14.4 Key Developments 209

10.14.5 Swot Analysis 209

10.14.6 Key Strategy 209

11.1 Key Findings 211


TABLE 1 MARKET SYNOPSIS 18

TABLE 2 GLOBAL PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 39

TABLE 3 GLOBAL PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 40

TABLE 4 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYPROPYLENE, 2015–2023 (USD MILLION) 41

TABLE 5 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYPROPYLENE, 2015–2023 (KT) 42

TABLE 6 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYETHYLENE, 2015–2023 (USD MILLION) 42

TABLE 7 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYETHYLENE, 2015–2023 (KT) 43

TABLE 8 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYVINYL CHLORIDE, 2015–2023 (USD MILLION) 43

TABLE 9 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYVINYL CHLORIDE, 2015–2023 (KT) 44

TABLE 10 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYETHYLENE TEREPHTHALATE, 2015–2023 (USD MILLION) 44

TABLE 11 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYETHYLENE TEREPHTHALATE, 2015–2023 (KT) 45

TABLE 12 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYSTYRENE, 2015–2023 (USD MILLION) 45

TABLE 13 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYSTYRENE, 2015–2023 (KT) 46

TABLE 14 GLOBAL PLASTIC COMPOUNDING MARKET FOR ACRYLONITRILE BUTADIENE STYRENE, 2015–2023 (USD MILLION) 46

TABLE 15 GLOBAL PLASTIC COMPOUNDING MARKET FOR ACRYLONITRILE BUTADIENE STYRENE, 2015–2023 (KT) 47

TABLE 16 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYAMIDE, 2015–2023 (USD MILLION) 47

TABLE 17 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYAMIDE, 2015–2023 (KT) 48

TABLE 18 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYCARBONATE, 2015–2023 (USD MILLION) 48

TABLE 19 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYCARBONATE, 2015–2023 (KT) 49

TABLE 20 GLOBAL PLASTIC COMPOUNDING MARKET FOR THERMOPLASTIC POLYOLEFIN, 2015–2023 (USD MILLION) 49

TABLE 21 GLOBAL PLASTIC COMPOUNDING MARKET FOR THERMOPLASTIC POLYOLEFIN, 2015–2023 (KT) 50

TABLE 22 GLOBAL PLASTIC COMPOUNDING MARKET FOR THERMOPLASTIC VULCANIZATES, 2015–2023 (USD MILLION) 50

TABLE 23 GLOBAL PLASTIC COMPOUNDING MARKET FOR THERMOPLASTIC VULCANIZATES, 2015–2023 (KT) 51

TABLE 24 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYBUTYLENE TEREPHTHALATE, 2015–2023 (USD MILLION) 51

TABLE 25 GLOBAL PLASTIC COMPOUNDING MARKET FOR POLYBUTYLENE TEREPHTHALATE, 2015–2023 (KT) 52

TABLE 26 GLOBAL PLASTIC COMPOUNDING MARKET FOR OTHERS, 2015–2023 (USD MILLION) 52

TABLE 27 GLOBAL PLASTIC COMPOUNDING MARKET FOR OTHERS, 2015–2023 (KT) 53

TABLE 28 GLOBAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 55

TABLE 29 GLOBAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 56

TABLE 30 GLOBAL PLASTIC COMPOUNDING MARKET FOR AUTOMOTIVE, 2015–2023 (USD MILLION) 57

TABLE 31 GLOBAL PLASTIC COMPOUNDING MARKET FOR AUTOMOTIVE, 2015–2023 (KT) 57

TABLE 32 GLOBAL PLASTIC COMPOUNDING MARKET FOR ELECTRICAL & ELECTRONICS, 2015–2023 (USD MILLION) 58

TABLE 33 GLOBAL PLASTIC COMPOUNDING MARKET FOR ELECTRICAL & ELECTRONICS, 2015–2023 (KT) 58

TABLE 34 GLOBAL PLASTIC COMPOUNDING MARKET FOR BUILDING & CONSTRUCTION, 2015–2023 (USD MILLION) 59

TABLE 35 GLOBAL PLASTIC COMPOUNDING MARKET FOR BUILDING & CONSTRUCTION, 2015–2023 (KT) 59

TABLE 36 GLOBAL PLASTIC COMPOUNDING MARKET FOR PACKAGING, 2015–2023 (USD MILLION) 60

TABLE 37 GLOBAL PLASTIC COMPOUNDING MARKET FOR PACKAGING, 2015–2023 (KT) 60

TABLE 38 GLOBAL PLASTIC COMPOUNDING MARKET FOR CONSUMER GOODS, 2015–2023 (USD MILLION) 61

TABLE 39 GLOBAL PLASTIC COMPOUNDING MARKET FOR CONSUMER GOODS, 2015–2023 (KT) 61

TABLE 40 GLOBAL PLASTIC COMPOUNDING MARKET FOR INDUSTRIAL MACHINERY, 2015–2023 (USD MILLION) 62

TABLE 41 GLOBAL PLASTIC COMPOUNDING MARKET FOR INDUSTRIAL MACHINERY, 2015–2023 (KT) 62

TABLE 42 GLOBAL PLASTIC COMPOUNDING MARKET FOR MEDICAL DEVICES, 2015–2023 (USD MILLION) 63

TABLE 43 GLOBAL PLASTIC COMPOUNDING MARKET FOR MEDICAL DEVICES, 2015–2023 (KT) 63

TABLE 44 GLOBAL PLASTIC COMPOUNDING MARKET FOR OPTICAL MEDIA, 2015–2023 (USD MILLION) 64

TABLE 45 GLOBAL PLASTIC COMPOUNDING MARKET FOR OPTICAL MEDIA, 2015–2023 (KT) 64

TABLE 46 GLOBAL PLASTIC COMPOUNDING MARKET FOR OPTICAL MEDIA, 2015–2023 (USD MILLION) 65

TABLE 47 GLOBAL PLASTIC COMPOUNDING MARKET FOR OTHERS, 2015–2023 (KT) 65

TABLE 48 GLOBAL PLASTIC COMPOUNDING MARKET, BY REGION, 2015–2023 (USD MILLION) 67

TABLE 49 GLOBAL PLASTIC COMPOUNDING MARKET, BY REGION, 2015–2023 (KT) 68

TABLE 50 GLOBAL PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 ( USD MILLION) 69

TABLE 51 GLOBAL PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 70

TABLE 52 GLOBAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 ( USD MILLION) 71

TABLE 53 GLOBAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 71

TABLE 54 NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY COUNTRY, 2015–2023 (USD MILLION) 72

TABLE 55 NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY COUNTRY, 2015–2023 (KT) 72

TABLE 56 NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 ( USD MILLION) 73

TABLE 57 NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 74

TABLE 58 NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 75

TABLE 59 NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 75

TABLE 60 US PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 ( USD MILLION) 76

TABLE 61 US PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 77

TABLE 62 US PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 78

TABLE 63 US PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 78

TABLE 64 CANADA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 ( USD MILLION) 79

TABLE 65 CANADA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 80

TABLE 66 CANADA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 81

TABLE 67 CANADA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 81

TABLE 68 EUROPE PLASTIC COMPOUNDING MARKET, BY COUNTRIES, 2015–2023 (USD MILLION) 82

TABLE 69 EUROPE PLASTIC COMPOUNDING MARKET, BY COUNTRIES, 2015–2023 (KT) 83

TABLE 70 EUROPE PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 84

TABLE 71 EUROPE PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 85

TABLE 72 EUROPE PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 86

TABLE 73 EUROPE PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 86

TABLE 74 GERMANY PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 87

TABLE 75 GERMANY PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 88

TABLE 76 GERMANY PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 89

TABLE 77 GERMANY PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 89

TABLE 78 SPAIN PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 90

TABLE 79 SPAIN PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 91

TABLE 80 SPAIN PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 92

TABLE 81 SPAIN PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 92

TABLE 82 FRANCE PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 93

TABLE 83 FRANCE PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 94

TABLE 84 FRANCE PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 95

TABLE 85 FRANCE PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 95

TABLE 86 UK PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 96

TABLE 87 UK PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 97

TABLE 88 UK PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 98

TABLE 89 UK PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 98

TABLE 90 ITALY PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 99

TABLE 91 ITALY PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 100

TABLE 92 ITALY PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 101

TABLE 93 ITALY PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 101

TABLE 94 RUSSIA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 102

TABLE 95 RUSSIA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 103

TABLE 96 RUSSIA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 104

TABLE 97 RUSSIA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 104

TABLE 98 BELGIUM PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 105

TABLE 99 BELGIUM PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 106

TABLE 100 BELGIUM PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 107

TABLE 101 BELGIUM PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 107

TABLE 102 NETHERLANDS PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 108

TABLE 103 NETHERLANDS PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 109

TABLE 104 NETHERLANDS PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 110

TABLE 105 NETHERLANDS PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 110

TABLE 106 POLAND PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 111

TABLE 107 POLAND PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 112

TABLE 108 POLAND PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 113

TABLE 109 POLAND PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 113

TABLE 110 PORTUGAL PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 114

TABLE 111 PORTUGAL PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 115

TABLE 112 PORTUGAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 116

TABLE 113 PORTUGAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 116

TABLE 114 CZECH REPUBLIC PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 117

TABLE 115 CZECH REPUBLIC PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 118

TABLE 116 CZECH REPUBLIC PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 119

TABLE 117 CZECH REPUBLIC PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 119

TABLE 118 AUSTRIA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 120

TABLE 119 AUSTRIA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 121

TABLE 120 AUSTRIA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 122

TABLE 121 AUSTRIA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 122

TABLE 122 REST OF EUROPE PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 123

TABLE 123 REST OF EUROPE PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 124

TABLE 124 REST OF EUROPE PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 125

TABLE 125 REST OF EUROPE PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 125

TABLE 126 ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY COUNTRIES, 2015–2023 (USD MILLION) 126

TABLE 127 ASIA-PACIFIC COMPOUNDING MARKET, BY COUNTRIES, 2015–2023 (KT) 126

TABLE 128 ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 127

TABLE 129 ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 128

TABLE 130 ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 129

TABLE 131 ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 129

TABLE 132 CHINA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 130

TABLE 133 CHINA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 131

TABLE 134 CHINA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 132

TABLE 135 CHINA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 132

TABLE 136 JAPAN PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 133

TABLE 137 JAPAN PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 134

TABLE 138 JAPAN PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 135

TABLE 139 JAPAN PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 135

TABLE 140 INDIA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 136

TABLE 141 INDIA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 137

TABLE 142 INDIA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 138

TABLE 143 INDIA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 138

TABLE 144 REST OF ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 139

TABLE 145 REST OF ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 140

TABLE 146 REST OF ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 141

TABLE 147 REST OF ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 141

TABLE 148 LATIN AMERICA PLASTIC COMPOUNDING MARKET, BY COUNTRIES, 2015–2023 (USD MILLION) 142

TABLE 149 LATIN AMERICA COMPOUNDING MARKET, BY COUNTRIES, 2015–2023 (KT) 142

TABLE 150 LATIN AMERICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 143

TABLE 151 LATIN AMERICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 144

TABLE 152 LATIN AMERICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 145

TABLE 153 LATIN AMERICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 145

TABLE 154 BRAZIL PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 146

TABLE 155 BRAZIL PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 147

TABLE 156 BRAZIL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 148

TABLE 157 BRAZIL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 148

TABLE 158 ARGENTINA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 149

TABLE 159 ARGENTINA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 150

TABLE 160 ARGENTINA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 151

TABLE 161 ARGENTINA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 151

TABLE 162 MEXICO PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 152

TABLE 163 MEXICO PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 153

TABLE 164 MEXICO PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 154

TABLE 165 MEXICO PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 154

TABLE 166 REST OF LATIN AMERICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 155

TABLE 167 REST OF LATIN AMERICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 156

TABLE 168 REST OF LATIN AMERICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 157

TABLE 169 REST OF LATIN AMERICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 157

TABLE 170 MIDDLE EAST & AFRICA PLASTIC COMPOUNDING MARKET, BY COUNTRIES, 2015–2023 (USD MILLION) 158

TABLE 171 MIDDLE EAST & AFRICA COMPOUNDING MARKET, BY COUNTRIES, 2015–2023 (KT) 158

TABLE 172 MIDDLE EAST & AFRICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 159

TABLE 173 MIDDLE EAST & AFRICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 160

TABLE 174 MIDDLE EAST & AFRICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 161

TABLE 175 MIDDLE EAST & AFRICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 161

TABLE 176 TURKEY PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 162

TABLE 177 TURKEY PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 163

TABLE 178 TURKEY PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 164

TABLE 179 TURKEY PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 164

TABLE 180 SAUDI ARABIA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 165

TABLE 181 SAUDI ARABIA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 166

TABLE 182 SAUDI ARABIA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 167

TABLE 183 SAUDI ARABIA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 167

TABLE 184 UAE PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 168

TABLE 185 UAE PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 169

TABLE 186 UAE PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 170

TABLE 187 UAE PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 170

TABLE 188 NORTH AFRICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 171

TABLE 189 NORTH AFRICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 172

TABLE 190 NORTH AFRICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 173

TABLE 191 NORTH AFRICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 173

TABLE 192 REST OF THE MIDDLE EAST & AFRICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (USD MILLION) 174

TABLE 193 REST OF THE MIDDLE EAST & AFRICA PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 175

TABLE 194 REST OF THE MIDDLE EAST & AFRICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 176

TABLE 195 REST OF THE MIDDLE EAST & AFRICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 176



FIGURE 1 GLOBAL PLASTIC COMPOUNDING MARKET: MARKET STRUCTURE 21

FIGURE 2 RESEARCH PROCESS OF MRFR 23

FIGURE 3 TOP-DOWN & BOTTOM-UP APPROACHES 26

FIGURE 4 MARKET DYNAMICS OVERVIEW 28

FIGURE 5 DRIVER IMPACT ANALYSIS 29

FIGURE 6 RESTRAINT IMPACT ANALYSIS 32

FIGURE 7 SUPPLY CHAIN ANALYSIS 35

FIGURE 8 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL PLASTIC COMPOUNDING MARKET 36

FIGURE 9 GLOBAL PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015-2023 39

FIGURE 10 GLOBAL PLASTIC COMPOUNDING MARKET, BY PRODUCT, 2015–2023 (KT) 40

FIGURE 11 GLOBAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015-2023 55

FIGURE 12 GLOBAL PLASTIC COMPOUNDING MARKET, BY APPLICATION, 2015–2023 (KT) 56

FIGURE 13 GLOBAL PLASTIC COMPOUNDING MARKET BY REGION, 2015–2023 (USD MILLION) 67

FIGURE 14 GLOBAL PLASTIC COMPOUNDING MARKET BY REGION, 2015–2023 (KT) 68

 Report Infographic image

Global Plastic Compounding Market: Competitive Landscape


The prominent players in the global plastic compounding market are LyondellBasell Industries NV, SABIC, Borealis, INEOS, DowDuPont, BASF SE, Versalis S.p.A (Eni S.p.A), Asahi Kasei Corporation, Covestro AG, SO.F.TER S.r.l, 3M (Dyneon GmbH), LANXESS AG, and Total S.A.


LyondellBasell Industries NV, DowDuPont, SABIC, INEOS Olefins & Polyolefins, BASF SE, and Versalis S.p.A (Eni S.p.A) collectively hold the majority share of the European plastic compounding market. The market players are focused on new product launches, product innovation, and strategic initiatives, such as acquisitions and joint ventures, to meet the increasing demand for high-performance plastics in major end-use industries such as automotive, electrical and electronics, and packaging.


DowDuPont, a leading specialty chemicals producer, provides a wide range of polymer products such as LDPE, LLDPE, HDPE, and other polyethylene resins. The company has 534 manufacturing sites and operates through three business segments—material science, specialty products, and agriculture. The company is focused on expanding its production capacity of high-performance plastic on account of the increasing demand from the automotive industry. For instance, in 2018, the company invested around USD 40 million in its compounding facility in China to boost R&D activities and the production of high-performance plastic.


LyondellBasell Industries NV is renowned as one of the largest plastics, chemicals, and refining companies in the world. It operates through five segments—olefins and polyolefins-Americas, olefins and polyolefins-Asia, Europe and international, intermediates and derivatives, and refining and technology. It is the leading manufacturer of polypropylene in Europe and the Americas. The company is focused on new product developments and the expansion of its polyolefins business. In February 2018, the company introduced a new enhanced polypropylene grade under the brand name Moplen HE745T for packaging applications. The new grade offers superior properties such as stiffness and impact performance balance.


INEOS is renowned as a global manufacturer of petrochemicals, specialty chemicals, and oil products. The company has 32 manufacturing sites in six countries globally. The company operates through the olefins and polymers Europe, olefins and polymers North America, and chemical intermediates segments. It produces polyolefins ranging from HDPE, LLDPE, LDPE, and m LLDPE to PP products. The company serves numerous industries such as packaging, construction, automotive, durables, agrochemicals, and pharmaceuticals. In 2017, Ineos Styrolution planned to expand its compounding capacity for acrylonitrile butadiene styrene (ABS) and acrylonitrile styrene acrylate (ASA) by an additional 34,000 tonnes per annum at its Moxi plant in Gujarat, India.


BASF SE is one of the largest chemicals producers in the world. The company operates through five business segments—chemicals, performance products, functional materials and solutions, agricultural solutions, and oil & gas. The company offers a wide range of high-performance plastic and organic pigments to serve the growing demand in major end-use industries such as automotive, electrical and electronics, and packaging. In 2017, the company began operations at its compounding plant in Schwarzheide, Germany, to meet the increasing demand for engineering plastic from end-use industries. With this expansion, the company’s global compounding capacity for polyamide and polybutylene terephthalate has reached to 7,00,000 metric tons per year.


SABIC is a petrochemicals company that manufactures chemicals, fertilizers, plastics, and metals. The company operates through the petrochemicals, specialties, agri-nutrients, and metals segments. It has three technology centers and 12 manufacturing facilities in Europe. In 2018, the company introduced two new LDPE grades under the brand names SABIC LDPE HP0722 NDF and SABIC LDPE HP2022 NDF for cross-linked foaming processes. It also introduced a new portfolio of polypropylene compounds in the market for interior automotive parts. The new grades will provide excellent scratch resistance, good impact performance, and low shrinkage.