Plastic Compounding Market to Reach a Revenue of Around US$ 645 Bn by the End of 2025

Plastic Compounding Market 2022

The global plastic compounding market is estimated to be worth over US$ 420 Bn by the end of 2017 and is projected to grow at a CAGR of 5.2% during the forecast period (2017-2025) to reach a market value of about US$ 645 Bn by 2025. The growth of the global plastic compounding market is mainly driven by the increasing demand from end-use industries such as automotive, construction, and electrical & electronics.

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according to a recent analysis by Persistence Market Research (PMR). Global sales of plastic compounds are projected to reach nearly 300,000,000 tons in 2017; by 2025 this number is further anticipated to account for around 500,000,000 tons.

Demand for plastics is witnessing an immense surge in the consumer goods and food packaging sector, playing an indispensable role in safe transit of products. Flexible packaging accounts for a major group of materials including plastic films, foil, papers, vegetable fibers, and cloths that are capable of being used for making wrappings, sacks, and sealed as well as unsealed bags. Plastic compounds are also utilized in electronics and electrical industries, to manufacture parts of integrated circuits, resistors, and semiconductors.

Company Profiles- 

• BASF SE
• DuPont
• Coperion K-Tron
• Adell Plastics
• S & E Speciality Polymers
• RTP CO.
• Agiplast
• Sojitz Corporation
• Kingfa Science & Technology Co. Ltd.
• Plstiblends India Ltd.
• Ravago
• SO.F.TER. SPA
• Citadel Plastics
• AKRO-Plastic GmbH
• Resinex
• Arkema Group
• Asahi Kasei Corporation
• Celanese Corporation
• Covestro
• DSM N.V.
• Others.

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Rise in technological advancements in electronic devices and gadgets have been influencing growth of the electronics and electrical sectors, thereby fuelling adoption of plastic compounds. In addition, factors such as growing industrialization in developing economies, coupled with soaring demand for infrastructure development, Olefins, and light-weight automobiles are further estimated to augment growth of the plastic compounding market.

However, the costs of plastic compound have been exhibiting a significant rise on the back of fluctuating chemical prices, coupled with high substitution potential of its bio-based counterparts. The governments and environmental agencies have been imposing stringent regulations pertaining to recycling norms of plastics, application scope, and quantity of utilization, which in turn have been impeding the production as well as consumption of plastic compounds across industrial sectors. These factors are estimated to inhibit growth of the market.

Sales of Polymers/Copolymers to Surpass 300,000 Tons by 2025-End

Polymers/copolymers will continue to be sought-after among products in the global plastic compounding market, with sales estimated to surpass 300,000 tons by 2025-end. However, sales of additives will continue to register a comparatively higher CAGR than sales of polymers/copolymers through 2025, in terms of volume. Among additives, colorants will continue to account for largest volume sales during the forecast period.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 

Plastic Compounding Market Manufacturers 
Plastic Compounding Market Distributors/Traders/Wholesalers 
Plastic Compounding Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Key Questions Answered in the Plastic Compounding Market Report

• How is the Plastic Compounding Market expected to grow over the projected period?
• What direction is the Plastic Compounding Market expected to take in terms of volume and value during the forecast period?
• What is the impact of macroeconomic factors on the Plastic Compounding Market in future?
• What are the key market drivers in the Plastic Compounding Market?
• What are significant opportunities and improvement areas for Plastic Compounding Market manufacturers?
• What are the key developments and trends taking over the Plastic Compounding Market?
• Which are the emerging countries that are expected to create significant growth opportunities in the Plastic Compounding Market?

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