Automotive Plastic Compounding Market Size, Share, Trends, Industry Analysis Report: By Product, Application, and Region

Description

List of Tables

The global automotive plastic compounding market size is expected to reach USD 6.17 billion by 2034, according to a new study by Polaris Market Research. The report "Automotive Plastic Compounding Market Size, Share, Trends, Industry Analysis Report: By Product, Application (Interior, Exterior, Under the Hood, Structural Parts, and Electrical Components & Lighting), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The automotive plastic compounding market has emerged as a crucial segment within the broader automotive industry, driven by the increasing demand for lightweight, durable, and cost-effective materials that enhance vehicle performance and fuel efficiency. The adoption of advanced plastic compounds has been on the rise as automotive manufacturers strive to comply with stringent regulations on emissions and fuel economy. These materials offer significant advantages over traditional metals, including reduced weight, corrosion resistance, and greater design flexibility, which increases their adoption in automotive applications.

The automotive plastic compounding market is witnessing significant growth due to advancements in technology and manufacturing processes. Innovations such as injection molding, extrusion, and blow molding are being optimized to produce high-quality plastic compounds at lower costs, thereby driving their adoption in automotive industries. The rise of automation and Industry 4.0 technologies has also contributed to enhanced efficiency and reduced production times, allowing manufacturers to respond quickly to market demands.

Automotive Plastic Compounding Market Report Highlights

Based on product, the automotive plastic compounding market for the polycarbonate (PC) segment is expected to experience substantial growth during the forecast period due to its outstanding transparency, impact resistance, and lightweight characteristics.

The polypropylene (PP) segment dominated the market in 2024 owing to its exceptional balance of performance and cost-effectiveness.

The interior segment, based on application, dominated the automotive plastic compounding market in 2024 due to the increasing demand for lightweight, durable, and aesthetically pleasing materials in vehicle cabins.

The electrical components & lighting segment is estimated to grow at a rapid pace in the coming years owing to the rising adoption of electric vehicles and the increasing integration of advanced technologies, such as LED lighting and infotainment systems in vehicles.

In the global market, Asia Pacific held the largest revenue share in 2024 due to rapid industrialization and substantial investments in the automotive sector in countries such as China. Furthermore, the rising shift toward electric vehicles and a growing middle-class population looking for advanced and feature-rich cars boost the market in the region.

SCG Chemicals Public Company Limited, Chevron Phillips Chemical Company LLC, Kraton Corporation, LyondellBasell Industries Holdings B.V., BASF, SABIC, Dow, Vibrantz, Ascend Performance Materials, Washington Penn, Borealis, Teijin Limited, and Ravago are among the global key market players.

Polaris Market Research has segmented the automotive plastic compounding market report on the basis of product, application, and region:

By Product Outlook (Volume, Kilotons; Revenue, USD Billion, 2020-2034)

Polypropylene (PP)
Polyethylene (PE)
Thermoplastic Elastomers (TPE)
Polybutylene Terephthalate (PBT)
Polyamide (PA)
Polycarbonate (PC)
Acrylonitrile Butadiene Systems (ABS)
Styrene Acrylonitrile (SAN)
Polymethyl Methacrylate (PMMA)
Polyoxymethylene (POM)
Blends (PC/ABS, ABS/PBT, and PS/PP)

By Application Outlook (Volume, Kilotons; Revenue, USD Billion, 2020-2034)

Interior
Exterior
Under the Hood
Structural Parts
Electrical Components & Lighting

By Regional Outlook (Volume, Kilotons; Revenue, USD Billion, 2020-2034)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM5221

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Automotive Plastic Compounding Market Insights

4.1. Automotive Plastic Compounding Market - Market Snapshot
4.2. Automotive Plastic Compounding Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Increasing adoption of electric vehicles is driving the market.
  - 4.2.1.2. Rising carbon-emission norms are driving the automotive plastic compounding market growth.
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. The volatility in raw material prices, particularly petroleum-based resins, is hampering the automotive plastic compounding market.
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Automotive Plastic Compounding Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Automotive Plastic Compounding Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
5.3. Polypropylene (PP)
- 5.3.1. Global Automotive Plastic Compounding Market, by Polypropylene (PP), by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
5.4. Polyethylene (PE)
- 5.4.1. Global Automotive Plastic Compounding Market, by Polyethylene (PE), by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
5.5. Thermoplastic Elastomers (TPE)
- 5.5.1. Global Automotive Plastic Compounding Market, by Thermoplastic Elastomers (TPE), by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
5.6. Polybutylene Terephthalate (PBT)
- 5.6.1. Global Automotive Plastic Compounding Market, by Polybutylene Terephthalate (PBT), by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
5.7. Polyamide (PA)
- 5.7.1. Global Automotive Plastic Compounding Market, by Polyamide (PA), by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
5.8. Polycarbonate (PC)
- 5.8.1. Global Automotive Plastic Compounding Market, by Polycarbonate (PC), by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
5.9. Acrylonitrile Butadiene Systems (ABS)
- 5.9.1. Global Automotive Plastic Compounding Market, by Acrylonitrile Butadiene Systems (ABS), by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
5.10. Styrene Acrylonitrile (SAN)
- 5.10.1. Global Automotive Plastic Compounding Market, by Styrene Acrylonitrile (SAN), by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
5.11. Polymethyl Methacrylate (PMMA)
- 5.11.1. Global Automotive Plastic Compounding Market, by Polymethyl Methacrylate (PMMA), by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
5.12. Polyoxymethylene (POM)
- 5.12.1. Global Automotive Plastic Compounding Market, by Polyoxymethylene (POM), by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
5.13. Blends (PC/ABS, ABS/PBT, PS/PP)
- 5.13.1. Global Automotive Plastic Compounding Market, by Blends (PC/ABS, ABS/PBT, PS/PP), by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)

6. Global Automotive Plastic Compounding Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
6.3. Interior
- 6.3.1. Global Automotive Plastic Compounding Market, by Interior, by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
6.4. Exterior
- 6.4.1. Global Automotive Plastic Compounding Market, by Exterior, by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
6.5. Under the Hood
- 6.5.1. Global Automotive Plastic Compounding Market, by Under the Hood, by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
6.6. Structural Parts
- 6.6.1. Global Automotive Plastic Compounding Market, by Structural Parts, by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
6.7. Electrical Components & Lighting
- 6.7.1. Global Automotive Plastic Compounding Market, by Electrical Components & Lighting, by Region, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)

7. Global Automotive Plastic Compounding Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Automotive Plastic Compounding Market Assessment, By Geography, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
7.3. Automotive Plastic Compounding Market - North America
- 7.3.1. North America: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.3.2. North America: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.3.3. Automotive Plastic Compounding Market - U.S.
  - 7.3.3.1. U.S.: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.3.3.2. U.S.: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.3.4. Automotive Plastic Compounding Market - Canada
  - 7.3.4.1. Canada: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.3.4.2. Canada: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
7.4. Automotive Plastic Compounding Market - Europe
- 7.4.1. Europe: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.4.2. Europe: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.4.3. Automotive Plastic Compounding Market - UK
  - 7.4.3.1. UK: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.4.3.2. UK: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.4.4. Automotive Plastic Compounding Market - France
  - 7.4.4.1. France: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.4.4.2. France: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.4.5. Automotive Plastic Compounding Market - Germany
  - 7.4.5.1. Germany: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.4.5.2. Germany: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.4.6. Automotive Plastic Compounding Market - Italy
  - 7.4.6.1. Italy: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.4.6.2. Italy: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.4.7. Automotive Plastic Compounding Market - Spain
  - 7.4.7.1. Spain: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.4.7.2. Spain: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.4.8. Automotive Plastic Compounding Market - Netherlands
  - 7.4.8.1. Netherlands: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.4.8.2. Netherlands: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.4.9. Automotive Plastic Compounding Market - Russia
  - 7.4.9.1. Russia: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.4.9.2. Russia: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.4.10. Automotive Plastic Compounding Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.4.10.2. Rest of Europe: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
7.5. Automotive Plastic Compounding Market - Asia Pacific
- 7.5.1. Asia Pacific: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.5.2. Asia Pacific: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.5.3. Automotive Plastic Compounding Market - China
  - 7.5.3.1. China: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.5.3.2. China: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.5.4. Automotive Plastic Compounding Market - India
  - 7.5.4.1. India: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.5.4.2. India: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.5.5. Automotive Plastic Compounding Market - Malaysia
  - 7.5.5.1. Malaysia: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.5.5.2. Malaysia: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.5.6. Automotive Plastic Compounding Market - Japan
  - 7.5.6.1. Japan: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.5.6.2. Japan: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.5.7. Automotive Plastic Compounding Market - Indonesia
  - 7.5.7.1. Indonesia: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.5.7.2. Indonesia: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.5.8. Automotive Plastic Compounding Market - South Korea
  - 7.5.8.1. South Korea: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.5.8.2. South Korea: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.5.9. Automotive Plastic Compounding Market - Australia
  - 7.5.9.1. Australia: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.5.9.2. Australia: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.5.10. Automotive Plastic Compounding Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
7.6. Automotive Plastic Compounding Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.6.2. Middle East & Africa: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.6.3. Automotive Plastic Compounding Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.6.3.2. Saudi Arabia: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.6.4. Automotive Plastic Compounding Market - UAE
  - 7.6.4.1. UAE: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.6.4.2. UAE: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.6.5. Automotive Plastic Compounding Market - Israel
  - 7.6.5.1. Israel: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.6.5.2. Israel: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.6.6. Automotive Plastic Compounding Market - South Africa
  - 7.6.6.1. South Africa: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.6.6.2. South Africa: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.6.7. Automotive Plastic Compounding Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
7.7. Automotive Plastic Compounding Market - Latin America
- 7.7.1. Latin America: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.7.2. Latin America: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.7.3. Automotive Plastic Compounding Market - Mexico
  - 7.7.3.1. Mexico: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.7.3.2. Mexico: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.7.4. Automotive Plastic Compounding Market - Brazil
  - 7.7.4.1. Brazil: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.7.4.2. Brazil: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.7.5. Automotive Plastic Compounding Market - Argentina
  - 7.7.5.1. Argentina: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.7.5.2. Argentina: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
- 7.7.6. Automotive Plastic Compounding Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Automotive Plastic Compounding Market, by Product, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)
  - 7.7.6.2. Rest of Latin America: Automotive Plastic Compounding Market, by Application, 2020-2034 (Volume, Kilotons; Revenue, USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. SCG Chemicals Public Company Limited
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. Chevron Phillips Chemical Company LLC
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Kraton Corporation
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. LyondellBasell Industries Holdings B.V.
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. BASF
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. SABIC
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. Dow
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Vibrantz
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. Ascend Performance Materials
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Washington Penn
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. Borealis
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
9.12. Teijin Limited
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
9.13. Ravago
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development