Europe Plastic Compounding Market Size, Share & Trends Analysis Report By Product, By Source (Fossil-based, Bio-based and Recycled), By Application, By Country and Growth Forecast, 2024 - 2031
The Europe Plastic Compounding Market would witness market growth of 6.6% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 7,344.3 kilo tonnes, showcasing a growth of 23.0% (2020-2024).
These sources provide foundational polymers like polyethylene, polypropylene, and polystyrene essential for compounding processes. Fossil-based materials hold a prominent position in the market due to their inherent advantages. Thus, the Germany market consumed 1,662.5 kilo tonnes of plastic compounds in the market 2021.
The Germany market dominated the Europe Plastic Compounding Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,455.2 million by 2031. The UK market is exhibiting a CAGR of 5.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7.4% during (2024 - 2031).
Other notable applications of compounded plastics include medical devices, where biocompatible materials are essential for patient safety and regulatory compliance, consumer goods, industrial equipment, and agricultural products.
Additionally, compounded plastics find extensive use in building and construction applications, including pipes, profiles, insulation materials, and composite panels, where they offer durability, weather resistance, and design flexibility.
As per the International Trade Administration, for 2021, the French civil aerospace industry recorded a modest gain in revenue, reaching €35.66 billion out of a total of €55.2 billion in non-consolidated aerospace and defense revenues. This represents an improvement over the previous year, 2020. The aerospace and defense industry are responsible for around 68% of its total consolidated turnover, while the civil sector accounts for 69% of its income.
Based on Product, the market is segmented into Polypropylene (PP), Polyethylene (PE), Polyvinyl Chloride (PVC), Polystyrene (PS), Polyethylene Terephthalate (PET), Polycarbonate (PC), Polyurethane (PU), Polymethyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS) and Others. Based on Source, the market is segmented into Fossil-based, Bio-based and recycled. Based on Application, the market is segmented into Automotive, Building & Construction, Electrical & Electronics, Packaging, Consumer goods, Industrial Machinery, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- BASF SE
- Saudi Basic Industries Corporation (SABIC)
- Kraton Corporation
- LyondellBasell Industries Holdings B.V.
- DuPont de Nemours, Inc.
- RTP Company, Inc.
- Lanxess AG
- Covestro AG
- Arkema S.A.
- Chevron Phillips Chemical Company LLC
By Product (Volume, Kilo Tonnes, USD billion, 2020-2031)
- Polypropylene (PP)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Polyethylene Terephthalate (PET)
- Polycarbonate (PC)
- Polyurethane (PU)
- Polymethyl Methacrylate (PMMA)
- Acrylonitrile Butadiene Styrene (ABS)
- Others
- Fossil-based
- Bio-based
- Recycled
- Automotive
- Building & Construction
- Electrical & Electronics
- Packaging
- Consumer goods
- Industrial Machinery
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Plastic Compounding Market, by Product
- 1.4.2 Europe Plastic Compounding Market, by Source
- 1.4.3 Europe Plastic Compounding Market, by Application
- 1.4.4 Europe Plastic Compounding Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.2.4 Geographical Expnsion
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2021, Sep – 2024, Feb) Leading Players
- 4.4 Porter Five Forces Analysis
- Chapter 5. Europe Plastic Compounding Market by Product
- 5.1 Europe Polypropylene (PP) Market by Country
- 5.2 Europe Polyethylene (PE) Market by Country
- 5.3 Europe Polyvinyl Chloride (PVC) Market by Country
- 5.4 Europe Polystyrene (PS) Market by Country
- 5.5 Europe Polyethylene Terephthalate (PET) Market by Country
- 5.6 Europe Polycarbonate (PC) Market by Country
- 5.7 Europe Polyurethane (PU) Market by Country
- 5.8 Europe Polymethyl Methacrylate (PMMA) Market by Country
- 5.9 Europe Acrylonitrile Butadiene Styrene (ABS) Market by Country
- 5.1 Europe Others Market by Country
- Chapter 6. Europe Plastic Compounding Market by Source
- 6.1 Europe Fossil-based Market by Country
- 6.2 Europe Bio-based Market by Country
- 6.3 Europe Recycled Market by Country
- Chapter 7. Europe Plastic Compounding Market by Application
- 7.1 Europe Automotive Market by Country
- 7.2 Europe Building & Construction Market by Country
- 7.3 Europe Electrical & Electronics Market by Country
- 7.4 Europe Packaging Market by Country
- 7.5 Europe Consumer goods Market by Country
- 7.6 Europe Industrial Machinery Market by Country
- 7.7 Europe Others Market by Country
- Chapter 8. Europe Plastic Compounding Market by Country
- 8.1 Germany Plastic Compounding Market
- 8.1.1 Germany Plastic Compounding Market by Product
- 8.1.2 Germany Plastic Compounding Market by Source
- 8.1.3 Germany Plastic Compounding Market by Application
- 8.2 UK Plastic Compounding Market
- 8.2.1 UK Plastic Compounding Market by Product
- 8.2.2 UK Plastic Compounding Market by Source
- 8.2.3 UK Plastic Compounding Market by Application
- 8.3 France Plastic Compounding Market
- 8.3.1 France Plastic Compounding Market by Product
- 8.3.2 France Plastic Compounding Market by Source
- 8.3.3 France Plastic Compounding Market by Application
- 8.4 Russia Plastic Compounding Market
- 8.4.1 Russia Plastic Compounding Market by Product
- 8.4.2 Russia Plastic Compounding Market by Source
- 8.4.3 Russia Plastic Compounding Market by Application
- 8.5 Spain Plastic Compounding Market
- 8.5.1 Spain Plastic Compounding Market by Product
- 8.5.2 Spain Plastic Compounding Market by Source
- 8.5.3 Spain Plastic Compounding Market by Application
- 8.6 Italy Plastic Compounding Market
- 8.6.1 Italy Plastic Compounding Market by Product
- 8.6.2 Italy Plastic Compounding Market by Source
- 8.6.3 Italy Plastic Compounding Market by Application
- 8.7 Rest of Europe Plastic Compounding Market
- 8.7.1 Rest of Europe Plastic Compounding Market by Product
- 8.7.2 Rest of Europe Plastic Compounding Market by Source
- 8.7.3 Rest of Europe Plastic Compounding Market by Application
- Chapter 9. Company Profiles
- 9.1 BASF SE
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expense
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.5.3 Geographical Expansions:
- 9.1.6 SWOT Analysis
- 9.2 SABIC (Saudi Arabian Oil Company)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Recent strategies and developments:
- 9.2.4.1 Partnerships, Collaborations, and Agreements:
- 9.2.4.2 Product Launches and Product Expansions:
- 9.2.4.3 Geographical Expansions:
- 9.2.5 SWOT Analysis
- 9.3 Kraton Corporation
- 9.3.1 Company Overview
- 9.3.2 Recent strategies and developments:
- 9.3.2.1 Product Launches and Product Expansions:
- 9.3.2.2 Geographical Expansions:
- 9.3.3 SWOT Analysis
- 9.4 LyondellBasell Industries Holdings B.V.
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Product Launches and Product Expansions:
- 9.4.5.2 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 DuPont de Nemours, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Acquisition and Mergers:
- 9.5.6 SWOT Analysis
- 9.6 RTP Company, Inc.
- 9.6.1 Company Overview
- 9.6.2 SWOT Analysis
- 9.7 Lanxess AG
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.5.2 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 Covestro AG
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Geographical Expansions:
- 9.8.6 SWOT Analysis
- 9.9 Arkema S.A.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Recent strategies and developments:
- 9.9.4.1 Product Launches and Product Expansions:
- 9.9.4.2 Acquisition and Mergers:
- 9.9.5 SWOT Analysis
- 9.10. Chevron Phillips Chemical Company LLC
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Recent strategies and developments:
- 9.10.3.1 Partnerships, Collaborations, and Agreements:
- 9.10.4 SWOT Analysis
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