Global Automotive Plastic Compounding Market Growth 2023-2029

Global Automotive Plastic Compounding Market Growth 2023-2029

Combining a plastic resin with colors, additives, modifiers, fillers, reinforcements or other polymers has become a common practice, as about half of the plastic consumed in the world cannot be used as base resin. The compounding process is used to convert base resin into desired plastic that is more uniform, effective, and usable across varied applications. Plastics have traditionally been used in various applications such as automotive components, packaging, toys, furniture, electronic components, and construction materials. Manufacturing of plastic compounds entails three ingredients or raw materials: polymers, additives, and fillers. Polymers primarily comprise polypropylene and polyethylene. Polypropylene may be categorized into homopolymers or block copolymers. Prices of plastics have been on the rise in the past few years owing to instability in prices of petrochemicals and higher substitution potential of their bio-based counterparts.

LPI (LP Information)' newest research report, the “Automotive Plastic Compounding Industry Forecast” looks at past sales and reviews total world Automotive Plastic Compounding sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Plastic Compounding sales for 2023 through 2029. With Automotive Plastic Compounding sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Plastic Compounding industry.

This Insight Report provides a comprehensive analysis of the global Automotive Plastic Compounding landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Plastic Compounding portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Plastic Compounding market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Plastic Compounding and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Plastic Compounding.

The global Automotive Plastic Compounding market size is projected to grow from US$ 184 million in 2022 to US$ 284.3 million in 2029; it is expected to grow at a CAGR of 284.3 from 2023 to 2029.

Increasing use of thermosets and thermoplastics in automotive component manufacturing is a key factor anticipated to fuel industry growth. Integration of electronics in automobiles has led to high demand for plastics in instrument panels with integrated high-end electronic devices. Plastic compoundss offer high safety & electrical insulation when compounded with additives, thereby being prefered over base resins.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Plastic Compounding market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Acrylonitrile Butadiene Styrene (ABS)
Polypropylene (PP)
Polyurethane (PU)
Polyvinyl Chloride (PVC)
Polyethylene (PE)

Segmentation by application
Instrument Panels
Powertrain
Door Systems
Interior Components
Exterior Fascia
Under the Hood Components
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
BASF
SABIC
DowDuPont
LyondellBassell Industries
A. Schulman
RTP Company
S&E Specialty Polymers, LLC
Dyneon GmbH.
Asahi Kasei Plastics
Covestro (Bayer Material Science)
Ferro Corporation
Washington Penn Plastics Company
Eurostar Engineering Plastics
Kuraray Plastics

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Plastic Compounding market?

What factors are driving Automotive Plastic Compounding market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Plastic Compounding market opportunities vary by end market size?

How does Automotive Plastic Compounding break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.