Southeast Asia Plastic Compounding Market Size, Share & Trends Analysis Report By Product (Polyethylene, Elastomers, Ethylene Vinyl Acetate, Polypropylene, Thermoplastic Vulcanizates), By Application, By Country, And Segment Forecasts, 2023 - 2030

Southeast Asia Plastic Compounding Market Size, Share & Trends Analysis Report By Product (Polyethylene, Elastomers, Ethylene Vinyl Acetate, Polypropylene, Thermoplastic Vulcanizates), By Application, By Country, And Segment Forecasts, 2023 - 2030


Southeast Asia Plastic Compounding Market Growth & Trends


The Southeast Asia plastic compounding market size is expected to reach USD 7171.89 million by 2030, to expand at a CAGR of 5.79% from 2023 to 2030 according to a new report by Grand View Research, Inc. The demand for plastic compounding is anticipated to rise owing to the increasing usage of conventional plastics in various industries, such as electronics, healthcare, wire & cable, construction, and automotive. The use of plastic compounded products in automotive applications owing to the reduction of fuel consumption is expected to boost the plastic compounding market in Southeast Asia.

Properties exhibited by thermoplastic polymers, including durability, flexibility, strength, antimicrobial properties, and Ultraviolet (UV) tolerance, enable their utilization in the packaging industry and consumer goods. Advancements in chemical resistance and UV protection help in increasing the shelf life of packaged food products and also promote reusability, creating further opportunities for plastic compounds in the food packaging industry.

Plastic compounding solutions for automotive, building & construction, electrical & electronics, packaging & consumer goods have witnessed a rapid growth over the past few years owing to the growing transportation activities and manufacturing in major countries. The need for protective packaging for heavy and lightweight items during transit to prevent breakage and damage is anticipated to increase demand for efficient and improved impact-resistant packaging materials.

The presence of stringent regulations regarding recyclability and the depletion of conventional materials, such as wood and metal, are factors expected to drive the demand for compounded plastics in floorings, pipes, windows, insulation, cables, and storage tanks used in construction industry. Plastics are considered to be much more durable and energy saving (less heat consumption as compared to metals) with superior properties and cost-effective, which promotes their application in construction industry.

Southeast Asia Plastic Compounding Market Report Highlights

  • In terms of revenue, the polyethylene terephthalate (PET) product accounted for a prominent share of the market in 2022 and is further expected to witness prominent growth over the forecast period.
  • Automotive application dominated the market and accounted for more than 24.0% of the revenue share in 2022. Plastic compounding are suitable for automotive applications for their physical properties including such as low thermal expansion, high stiffness, light weight, dimensional stability, resistance to moisture, good scratch resistance, and impact resistance in low temperatures.
  • As of 2022, Thailand accounted for more than 25.0% of the market share in terms of revenue. The market in the country is expected to witness new investments by OEMs in light of increasing spending by automotive manufacturers for new components. The rise in construction industry in the country is likely to augment the demand for furniture, thereby propelling plastic compounding market over the forecast period.
  • Due to the rising use of expanded polystyrene in the consumer products market, major top players are constantly exploring to expand their manufacturing facilities. For instance, In September 2021, BASF SE launched a solution named IrgaCycle of new additives for mechanical recycling of plastics. The new IrgaCycle line of additive products comprises items that can help raise the proportion of recycled material in a number of end-use industries, including automotive & transportation, packaging, and building & construction.
Please note The report will be delivered in 3-8 business days upon order notification.


Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research scope and assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR’s Internal Database
1.3.3 Secondary Sources
1.3.4 Third-Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Southeast Asia Plastic Compounding Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Plastics Market Outlook
3.2 Southeast Asia Plastic Compounding Market- Penetration & Growth Prospect Mapping
3.3 Southeast Asia Plastic Compounding Market: Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.1.1 Polystyrene
3.3.1.2 Polystyrene-ethylene
3.4 Technology Overview
3.4.1 Southeast Asia Plastic Compounding Market- Patent Analysis
3.5 Regulatory Framework
3.5.1 Standard & Compliances
3.5.1.1 Polystyrene
3.5.2 Safety
3.5.2.1 Polystyrene-ethylene
3.5.2.1 First-Aid Measures
3.6 Market Dynamics
3.6.1 Market Driver Analysis
3.6.1.1 Growing demand for green buildings
3.6.1.2 Increasing demand from various application sectors
3.6.2 Market Restraint analysis
3.6.2.1 Fluctuating raw material prices
3.6.3 Market Challenges analysis
3.6.4 Market Opportunity analysis
3.7 Southeast Asia Plastic Compounding Market - Business Environment Analysis
3.7.1 Porter’s FIve Force Analysis
3.7.2 PESTEL Analysis
3.8 Impact of Russia & Ukraine Implication on Southeast Asia Plastic Compounding Market
3.9 Impact of COVID-19 on Southeast Asia Plastic Compounding Market
Chapter 4 Southeast Asia Plastic Compounding Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis & Market Share, 2021 - 2030
4.2 Polyethylene (PE)
4.2.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Polyethylene, 2018 - 2030 (Kilotons) (USD Million)
4.2.1.1 Low-density Polyethylene (LDPE)
4.2.1.2 High-density Polyethylene (HDPE)
4.2.1.3 Others (LLDPE, MDPE)
4.3 Elastomer (Rubber)
4.3.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.3.1.1 Styrene Acrylonitrile (SAN)
4.3.1.2 Ethylene Propylene Diene Monomer (EPDM)
4.3.1.3 Styrene Butadiene Styrene (SBS)
4.4 Ethylene Vinyl Acetate (EVA)
4.4.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.5.Polypropylene (PP)
4.5.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.6.Thermoplastic Vulcanizates (TPV)
4.6.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.7.Thermoplastic Polyolefins (TPO)
4.7.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.8 Polyvinyl Chloride (PVC)
4.8.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.9 Polystyrene (PS)
4.9.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.10 Polyethylene Terephthalate (PET)
4.10.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.11.Polybutylene Terephthalate (PBT)
4.11.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.12 Polyamide (PA)
4.12.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.13 Polycarbonate (PC)
4.13.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.14 Acrylonitrile Butadiene Styrene (ABS)
4.14.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
4.15 Others
4.15.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Elastomer (Rubber), 2018 - 2030 (Kilotons) (USD Million)
Chapter 5 Southeast Asia Plastic Compounding Market: Application Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Share, 2021 - 2030
5.2 Automotive
5.2.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Automotive, 2018 - 2030 (Kilotons) (USD Million)
5.3 Building & Construction
5.3.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Building & Construction, 2018 - 2030 (Kilotons) (USD Million)
5.4 Electrical & Electronics
5.4.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Auto Electrical & Electronicsmotive, 2018 - 2030 (Kilotons) (USD Million)
5.5 Packaging
5.5.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Others, 2018 - 2030 (Kilotons) (USD Million)
5.6 Consumer Goods
5.6.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Consumer Goods, 2018 - 2030 (Kilotons) (USD Million)
5.7 Industrial Machinery
5.7.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Industrial Machinery, 2018 - 2030 (Kilotons) (USD Million)
5.8 Medical Devices
5.8.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Medical Devices, 2018 - 2030 (Kilotons) (USD Million)
5.9 Optical Media
5.9.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Optical Media, 2018 - 2030 (Kilotons) (USD Million)
5.10 Others
5.10.1 Southeast Asia Plastic Compounding Market Estimates and Forecasts, By Others, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6 Southeast Asia Plastic Compounding Market: Country Market Estimates & Trend Analysis
6.1 Southeast Asia Plastic Compounding Market: Country Movement Analysis, 2021 - 2030
6.2 Thailand
6.2.1 Thailand Southeast Asia Plastic Compounding Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.2 Thailand Southeast Asia Plastic Compounding Market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
6.2.3 Thailand Southeast Asia Plastic Compounding Market estimates and forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
6.3 Indonesia
6.3.1 Indonesia Southeast Asia Plastic Compounding Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.2 Indonesia Southeast Asia Plastic Compounding Market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
6.3.3 Indonesia Southeast Asia Plastic Compounding Market estimates and forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
6.4 Malaysia
6.4.1 Malaysia Southeast Asia Plastic Compounding Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.2 Malaysia Southeast Asia Plastic Compounding Market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
6.4.3 Malaysia Southeast Asia Plastic Compounding Market estimates and forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
6.5 Vietnam
6.5.1 Vietnam Southeast Asia Plastic Compounding Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.2 Vietnam Southeast Asia Plastic Compounding Market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
6.5.3 Vietnam Southeast Asia Plastic Compounding Market estimates and forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
6.6 Singapore
6.6.1 Singapore Southeast Asia Plastic Compounding Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.2 Sngapore Southeast Asia Plastic Compounding Market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
6.6.3 Singapore Southeast Asia Plastic Compounding Market estimates and forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
6.7 Philippines
6.7.1 Philippines Southeast Asia Plastic Compounding Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.7.2 Philippines Southeast Asia Plastic Compounding Market estimates and forecasts, by Product, 2018 - 2030 (Kilotons) (USD Million)
6.7.3 Philippines Southeast Asia Plastic Compounding Market estimates and forecasts, by Application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7 Competitive Landscape
7.1 Recent Developments & Their Impact Analysis, by Key Market Participants
7.2 Company Categorization
7.3 Participant’s Overview
7.3.1. BASF SE
7.3.2. SABIC
7.3.3. Lyondell Basell Industries N.V.
7.3.4. Kraton Polymers Inc.
7.3.5. RTP Company
7.3.6. The 3M Company
7.3.7. Teijin Plastics
7.3.8. Polyplastics Asia Pacific Sdn Bhd
7.3.9. Melchers Malaysia
7.3.10. Helistrom Sdn Bhd
7.3.11. Sheng Foong Plastic Industries Sdn Bhd
7.4 Financial Performance
7.5 Product Benchmarking
7.6 Company Heat Map Analysis
7.7 Strategy Mapping
7.7.1. Expansion
7.7.2. Merger & Acquisition
7.7.3. Collaboration
7.7.4. New product launches
7.7.5. Research & Development

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings