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The market for automotive plastic compounding is projected to expand at a CAGR of 6.62% between 2023 and 2030. The INFINITIVE DATA EXPERT research on the automotive plastic compounding industry analyses and predicts the impact of a number of factors on the market's development over the course of the anticipated period.
Compounding plastics involves combining various plastics and additives to modify the properties of thermoplastics and other basic plastics. They are lightweight, resistant to wear and tear, and have a wide range of conductivity as well as being flame retardant. Because of these qualities, their popularity in the automobile sector has increased. The key factor in the rise in market revenue of Automotive Plastic Compounding, as well as numerous industrial applications, is the increasing substitution for glass, metals, wood, natural rubber, and man-made materials, such as concrete. The report, titled "Global Automotive Plastic Compounding Market," is a comprehensive analysis of the industry. The market's most important trends, segmentation, drivers, restraints, and competitive landscape are all dissected in detail in this report.
The expansion of the automotive plastic compounding market will likely be influenced by the rising demand for plastics in building, automobiles, and electrical and electronics. This trend is expected to continue over the forecast period of 2021–2028, with the rapid expansion of product applications in the automotive industry and rising income level acting as important variables favouring the growth of the automotive plastic compounding market. There are a number of factors that point to the automotive plastic compounding market expanding. These include rising demand for lightweight automobiles and robust automotive industries. Rapid industrialization is the primary driver of the expanding market.
Compounding plastics involves combining several polymers and additives to alter their qualities from their original forms. Plastic compounds excel in these areas and more: they are lightweight, durable, and resistant to wear and flame. The global plastic compounding market expands because of rising demand from industries like the automotive, construction, packaging, and electrical & electronics sectors.
Electromagnetic shielding and antistatic applications are two common uses for plastic composites in the electronics and electrical industries. In addition, they are being used to replace metal parts in automobiles. By lowering the vehicle's overall mass, this has contributed to improved safety. The automobile industry's use of plastic compounding to reduce carbon emissions and improve fuel efficiency and vehicle performance has contributed to the expansion of the plastics compounding business.
The rising need for plastics in the building and transportation industries, as well as the electrical and electronics market, is expected to play a significant role in driving the expansion of the worldwide plastic compounding market. Packaging, electronic components, automotive components, toys, furniture, and construction materials are just some of the many common uses for synthetic polymers like PVC, PE, PC, PP, and PU. Automotive original equipment manufacturers have shifted away from using metals like steel and aluminium in favour of plastics due to governmental pressure to reduce gross vehicle weight in order to improve fuel efficiency and, ultimately, reduce carbon emissions. Plastic compounding is predicted to rise to prominence as a result of rising demand for thermoplastics and thermosets in the fabrication of automotive components and rising quality and material specification requirements from automotive OEMs.
Report Coverage
Global Automotive Plastic Compounding research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Plastic Compounding report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Plastic Compounding competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Plastic Compounding market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Plastic Compounding market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Plastic Compounding market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE, Dow, SABIC, LyondellBasell Industries Holdings B.V., DuPont, KRATON CORPORATION, 3M, Covestro AG, Solvay, LANXESS, RTP Company, Asahi Kasei Corporation, Aurora Plastics LLC, Ferro Corporation, Washington Penn, Eurostar Engineering Plastics, Kuraray Europe GmbH, Ravago Manufacturing India Pvt. Ltd., TEIJIN LIMITED, and Chevron Phillips Chemical Company LLC
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Automotive Plastic Compounding market based on the below-mentioned segments:
Global Automotive Plastic Compounding Market, By Product
• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinyl Chloride (PVC)
• Polyethylene (PE)
Global Automotive Plastic Compounding market, By Application
• Instrument Panels
• Powertrain
• Door Systems
• Interior Components
• Others
Global Automotive Plastic Compounding market, Regional Analysis
Compounding plastics involves combining various plastics and additives to modify the properties of thermoplastics and other basic plastics. They are lightweight, resistant to wear and tear, and have a wide range of conductivity as well as being flame retardant. Because of these qualities, their popularity in the automobile sector has increased. The key factor in the rise in market revenue of Automotive Plastic Compounding, as well as numerous industrial applications, is the increasing substitution for glass, metals, wood, natural rubber, and man-made materials, such as concrete. The report, titled "Global Automotive Plastic Compounding Market," is a comprehensive analysis of the industry. The market's most important trends, segmentation, drivers, restraints, and competitive landscape are all dissected in detail in this report.
The expansion of the automotive plastic compounding market will likely be influenced by the rising demand for plastics in building, automobiles, and electrical and electronics. This trend is expected to continue over the forecast period of 2021–2028, with the rapid expansion of product applications in the automotive industry and rising income level acting as important variables favouring the growth of the automotive plastic compounding market. There are a number of factors that point to the automotive plastic compounding market expanding. These include rising demand for lightweight automobiles and robust automotive industries. Rapid industrialization is the primary driver of the expanding market.
Compounding plastics involves combining several polymers and additives to alter their qualities from their original forms. Plastic compounds excel in these areas and more: they are lightweight, durable, and resistant to wear and flame. The global plastic compounding market expands because of rising demand from industries like the automotive, construction, packaging, and electrical & electronics sectors.
Electromagnetic shielding and antistatic applications are two common uses for plastic composites in the electronics and electrical industries. In addition, they are being used to replace metal parts in automobiles. By lowering the vehicle's overall mass, this has contributed to improved safety. The automobile industry's use of plastic compounding to reduce carbon emissions and improve fuel efficiency and vehicle performance has contributed to the expansion of the plastics compounding business.
The rising need for plastics in the building and transportation industries, as well as the electrical and electronics market, is expected to play a significant role in driving the expansion of the worldwide plastic compounding market. Packaging, electronic components, automotive components, toys, furniture, and construction materials are just some of the many common uses for synthetic polymers like PVC, PE, PC, PP, and PU. Automotive original equipment manufacturers have shifted away from using metals like steel and aluminium in favour of plastics due to governmental pressure to reduce gross vehicle weight in order to improve fuel efficiency and, ultimately, reduce carbon emissions. Plastic compounding is predicted to rise to prominence as a result of rising demand for thermoplastics and thermosets in the fabrication of automotive components and rising quality and material specification requirements from automotive OEMs.
Report Coverage
Global Automotive Plastic Compounding research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Plastic Compounding report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Plastic Compounding competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Plastic Compounding market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | BASF SE, Dow, SABIC, LyondellBasell Industries Holdings B.V., DuPont, KRATON CORPORATION, 3M, Covestro AG, Solvay, LANXESS, RTP Company, Asahi Kasei Corporation, Aurora Plastics LLC, Ferro Corporation, Washington Penn, Eurostar Engineering Plastics, Kuraray Europe GmbH, Ravago Manufacturing India Pvt. Ltd., TEIJIN LIMITED, and Chevron Phillips Chemical Company LLC |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Plastic Compounding Market from 2021 to 2030.
- Market Forecast for Automotive Plastic Compounding Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Plastic Compounding competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Plastic Compounding
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Plastic Compounding market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Plastic Compounding market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
BASF SE, Dow, SABIC, LyondellBasell Industries Holdings B.V., DuPont, KRATON CORPORATION, 3M, Covestro AG, Solvay, LANXESS, RTP Company, Asahi Kasei Corporation, Aurora Plastics LLC, Ferro Corporation, Washington Penn, Eurostar Engineering Plastics, Kuraray Europe GmbH, Ravago Manufacturing India Pvt. Ltd., TEIJIN LIMITED, and Chevron Phillips Chemical Company LLC
Primary Target Market
- Market Players of Automotive Plastic Compounding
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Automotive Plastic Compounding market based on the below-mentioned segments:
Global Automotive Plastic Compounding Market, By Product
• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinyl Chloride (PVC)
• Polyethylene (PE)
Global Automotive Plastic Compounding market, By Application
• Instrument Panels
• Powertrain
• Door Systems
• Interior Components
• Others
Global Automotive Plastic Compounding market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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