PUBLISHER: BCC Research | PRODUCT CODE: 1517517
PUBLISHER: BCC Research | PRODUCT CODE: 1517517
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.
The Asia-Pacific market for plastic compounding is estimated to increase from $30.1 billion in 2023 to reach $44.1 billion by 2029, at a CAGR of 6.7% from 2024 through 2029.
The North American market for plastic compounding is estimated to increase from $10.5 billion in 2023 to reach $14.2 billion by 2029, at a CAGR of 5.3% from 2024 through 2029.
This report covers some of the parameters of plastic compounding examined by industries and regulatory bodies due to their growing advances and expansions in the plastic sector. It primarily focuses on plastic compounding polymers, additives and their industrial application in such industries as transportation, electronics and electrical, packaging, construction, medical and healthcare and consumer goods. BCC Research analyzed essential categories and regions to determine the present and future plastic compounding market status, and then forecast market growth from 2024 through 2029. This report also discusses market strategies, market ESG development, regulatory landscape, key players in countries, plastic compounding analysis and market driving forces. The report segments the market by region based on Asia-Pacific, Europe, North America and the Rest of the World (RoW).
The growing global industrialization has increased the demand for plastic compounding, requiring enhanced such properties as recyclability, flame resistance and longer life, which are driving factors that will propel market growth. Developing new plastic products and adopting recycled and bio-based manufacturing practices contribute to the market's necessity. The plastic compounding market plays a crucial role in addressing the challenges of plastic demand and industrial productivity.
The global plastic compounding market is segmented into:
The market estimations and size are provided in terms of value ($ 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.