Plastic Compounding Market Size: Segmented By Application, Geography Trends, Growth & Forecasts To 2025

1
Plastic Compounding Market

• Size 2019, By Product (PVC, PET, PP, PBT, TPV,
  TPO, ABS), By Application (Automotive, Electrical
  Electronics, Construction), By Region and
  Forecast to 2025

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2
Global Plastic Compounding Market Size and
Share-Global Forecast to 2025

• The global plastic compounding market surpassed
  USD 43.70 billion in 2019 and is expected to grow
  with a CAGR of 6.5 from 2019 to 2025. Prevalent
  use of plastic compounding owing to its increased
  usage in various industrial applications are
  contributing factors driving the global plastic
  compounding market.
• Increased product penetration is due to its
  numerous and varied uses in the automobile,
  electrical and electronics and construction
  industries. The incorporation of composite
  plastics in the building field, especially in the
  production of safety walls, insulation materials,
  flooring, doors, storage tanks, pipes, and
  cables, would have an optimistic outlook for the
  scale of the industry.
• The increasing importance of bioplastics with an
  enhanced surface finish for vehicle interior and
  exterior applications would further increase
  market share.
• The plastic compounding market is regulated by
  environmental agencies and international
  organizations that constantly develop and update
  recycling norms, application scope utilization
  quantity along with environmental policies.
  Non-biodegradability and carcinogenic nature of
  certain products have been under continuous
  evaluation from regulatory bodies. This factor is
  anticipated to restrict industry expansion over
  the forecast timeframe.

3
Global Plastic Compounding Market Size and
Share-Global Forecast to 2025

• The global plastic compounding market has been
  segmented based on product, application, and
  region. Based on the product, polypropylene (PP)
  held over a 30 share of the total plastic
  compounding industry in 2019. Its compounds are
  widely used in automotive applications due to
  high impact resistance and serviceability.
• Economic growth in the Asian and Latin American
  economies has powered demand in the automotive
  industry, both in terms of car purchases and
  domestic production. Considering the
  ever-increasing output of vehicles, along with
  regulatory developments, which require
  manufacturers to minimize vehicle weight and
  boost fuel efficiency the use of plastics in
  automotive applications will increase
  dramatically over the forecast era.
• It has a strong tolerance to fatigue and greater
  chemical and temperature tolerance. These factors
  have made PP popular material for multiple
  applications in developed economies and emerging
  economies alike.
• By application, the automotive sector is expected
  to lead the product category over the forecast
  period. Increased incorporation of plastics as
  opposed to metals and alloys into automotive
  parts was a crucial factor in the development of
  the market.
• In recent years, there has been a substantial
  rise in automobile demand, primarily led by the
  development of the industry and the industrial
  environment of emerging markets. China, India,
  and Brazil are the fastest-growing economies and
  are also the main automotive manufacturing hubs.
  This pattern is expected to persist in the
  future, thereby boosting demand for compound
  plastic.

4
Global Plastic Compounding Market Size and
Share-Global Forecast to 2025

• Key Segments of the Global Plastic Compounding
  Market
• Product Overview, 2015-2025 (USD Million) (Kilo
  Tons)
• Polypropylene
• PET
• TPV
• TPO
• PVC
• PBT
• ABS
• Application Overview, 2015-2025 (USD Million)
  (Kilo Tons)
• Automotive
• Electrical and Electronics
• Construction
• Regional Overview, 2015-2025 (USD Million) (Kilo
  Tons)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East Africa

5
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