Plastic Compounding Market Share, Size, Trends, Industry Analysis Report, By Source (Fossil-based, Bio-based, Recycled); By Product; By End-use; By Region; And Segment Forecasts, 2024 - 2032

Plastic Compounding Market Share, Size, Trends, Industry Analysis Report, By Source (Fossil-based, Bio-based, Recycled); By Product; By End-use; By Region; And Segment Forecasts, 2024 - 2032



The global plastic compounding market size is expected to reach USD 129.55 billion by 2032, according to a new study by Polaris Market Research. The report “Plastic Compounding Market Share, Size, Trends, Industry Analysis Report, By Source (Fossil-based, Bio-based, Recycled); By Product; By End-use; By Region; And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

A major factor propelling the market is the increasing need for automobiles, especially in developing nations like China & India. The need for automobiles is predicted to rise sharply as these nations' fast industrialization and rise in personal disposable income continue. The trend toward lighter vehicle production and the growing demand for electric cars also favor the growth. Worldwide sales of electric vehicles (EVs) have been increasing, with Europe, China, and the United States accounting for over 95% of total sales by 2022.

Outside of China, (EMDEs) make up a minor percentage of the global EV industry, but demand for EVs has lately increased. India, Indonesia, and Thailand had strong growth in electric mobility in 2022, with electric car sales more than tripling from 2021 levels. China's overall sales of electric light commercial vehicles (LCVs) are selling more than 130,000 units, with electric cars accounting for approximately 15% of LCV sales.

Additionally, lightweight materials like plastics are becoming increasingly necessary as automakers try to make their cars lighter to comply with emissions regulations and increase fuel economy.

Growing industrialization and urbanization have led to a significant demand for plastic compounding in several sectors. While compounded plastics are essential to the packaging industry due to their adaptability and preservation characteristics, polymers such as PVC mixes are essential for durable and versatile building materials in the development of cities.

Furthermore, there have been notable advancements in R&D and technology. The use of alternatives like bioplastic or recycled plastic is on the rise as they reduce the damage to the environment. Bioplastics may be produced from naturally occurring renewable materials and utilized as food packaging material. Bio-plastic films use natural elements like licorice root and the starch from tamarind and berry seeds.

Plastic Compounding Market Report Highlights

Polypropylene dominated the market, owing to its fatigue resistance and good chemical and temperature resistance

Fossil- based segment accounted for the largest revenue share, owing to its broad use in industries such as packaging, building and construction, and automotive

The packaging segment will grow at rapid pace, due to a variety of physical processes and combine with additives to provide affordable packaging solutions

Asia Pacific dominated the market, primarily due to rapid industrialization and urbanization

The global key market players include BASF, Dow DuPont, Dyneon GmbH, Kuraray Plastics, Lyondell Basell Industries, and SABIC.

Polaris Market Research has segmented the Plastic Compounding market report based on source, product, end-use, and region:

Plastic Compounding, Source Outlook (Revenue - USD Billion, 2019 - 2032)

Recycled

Bio-based

Fossil-based

Plastic Compounding, Product Outlook (Revenue - USD Billion, 2019 - 2032)

Polypropylene

Polyethylene

Thermoplastic Polyolefins

Thermoplastic Vulcanizates

Polystyrene

Polyethylene Terephthalate

Polyvinyl Chloride

Polybutylene Terephthalate

Polyamide

Polymethyl Methacrylate

Acrylonitrile Butadiene Styrene

Polycarbonate

Polyurethane

Others

Plastic Compounding, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

Consumer goods

Electrical & electronics

Packaging

Medical devices

Optical media

Industrial machinery

Building & construction

Automotive

Aerospace & Defense

Others

Plastic Compounding, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of Asia Pacific

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest Middle East & Africa


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 Diabetes Device Market Insights
4.1. Diabetes Device Market – Distribution Channel Snapshot
4.2. Diabetes Device Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. The rising incidence of diabetic patients has spurred the demand for diabetes devices
4.2.1.2. Technological advancements in diabetes devices are propelling the market growth
4.2.2. Restraints and Challenges
4.2.2.1. Higher economic costs are likely to limit the market growth
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. Diabetes Device Market Distribution Channel Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Diabetes Device Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Diabetes Device Market, by Type, 2019-2032 (USD Billion)
5.3. BGM Devices
5.3.1. Global Diabetes Device Market, by BGM Devices, by Region, 2019-2032 (USD Billion)
5.3.2. Self-Monitoring Devices
5.3.2.1. Global Diabetes Device Market, by Self-Monitoring Devices, by Region, 2019-2032 (USD Billion)
5.3.3. Blood Glucose Meters
5.3.3.1. Global Diabetes Device Market, by Blood Glucose Meters, by Region, 2019-2032 (USD Billion)
5.3.4. Testing Strips
5.3.4.1. Global Diabetes Device Market, by Testing Strips, by Region, 2019-2032 (USD Billion)
5.3.5. Lancets
5.3.5.1. Global Diabetes Device Market, by Lancets, by Region, 2019-2032 (USD Billion)
5.4. Continuous Glucose Monitoring Devices
5.4.1. Global Diabetes Device Market, by Continuous Glucose Monitoring Devices, by Region, 2019-2032 (USD Billion)
5.4.2. Sensors
5.4.2.1. Global Diabetes Device Market, by Sensors, by Region, 2019-2032 (USD Billion)
5.4.3. Transmitters
5.4.3.1. Global Diabetes Device Market, by Transmitters, by Region, 2019-2032 (USD Billion)
5.4.4. Receiver
5.4.4.1. Global Diabetes Device Market, by Receiver, by Region, 2019-2032 (USD Billion)
5.5. Insulin Delivery Devices
5.5.1. Global Diabetes Device Market, by Insulin Delivery Devices, by Region, 2019-2032 (USD Billion)
5.5.2. Pumps
5.5.2.1. Global Diabetes Device Market, by Pumps, by Region, 2019-2032 (USD Billion)
5.5.3. Pens
5.5.3.1. Global Diabetes Device Market, by Pens, by Region, 2019-2032 (USD Billion)
5.5.4. Syringes
5.5.4.1. Global Diabetes Device Market, by Syringes, by Region, 2019-2032 (USD Billion)
5.5.5. Jet Injectors
5.5.5.1. Global Diabetes Device Market, by Jet Injectors, by Region, 2019-2032 (USD Billion)
6. Global Diabetes Device Market, by End-use
6.1. Key Findings
6.2. Introduction
6.2.1. Global Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
6.3. Hospitals
6.3.1. Global Diabetes Device Market, by Hospitals, by Region, 2019-2032 (USD Billion)
6.4. Diagnostic Centers
6.4.1. Global Diabetes Device Market, by Diagnostic Centers, by Region, 2019-2032 (USD Billion)
6.5. Homecare
6.5.1. Global Diabetes Device Market, by Homecare, by Region, 2019-2032 (USD Billion)
7. Global Diabetes Device Market, by Distribution Channel
7.1. Key Findings
7.2. Introduction
7.2.1. Global Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
7.3. Hospital Pharmacies
7.3.1. Global Diabetes Device Market, by Hospital Pharmacies, By Region, 2019-2032 (USD Billion)
7.4. Retail Pharmacies
7.4.1. Global Diabetes Device Market, by Retail Pharmacies, By Region, 2019-2032 (USD Billion)
7.5. Diabetes Clinics/Centers
7.5.1. Global Diabetes Device Market, by Diabetes Clinics/Centers, By Region, 2019-2032 (USD Billion)
7.6. Online Pharmacies
7.6.1. Global Diabetes Device Market, by Online Pharmacies, By Region, 2019-2032 (USD Billion)
7.7. Others
7.7.1. Global Diabetes Device Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Diabetes Device Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Diabetes Device Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Diabetes Device Market – North America
8.3.1. North America: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.3.2. North America: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.3.3. North America: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.3.4. Diabetes Device Market – U.S.
8.3.4.1. U.S.: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.3.4.2. U.S.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.3.4.3. U.S.: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.3.5. Diabetes Device Market – Canada
8.3.5.1. Canada: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.3.5.2. Canada.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.3.5.3. Canada: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.4. Diabetes Device Market – Europe
8.4.1. Europe: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.4.2. Europe.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.4.3. Europe: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.4.4. Diabetes Device Market – UK
8.4.4.1. UK: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.4.4.2. UK.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.4.4.3. UK: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.4.5. Diabetes Device Market – France
8.4.5.1. France: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.4.5.2. France.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.4.5.3. France: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.4.6. Diabetes Device Market – Germany
8.4.6.1. Germany: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.4.6.2. Germany.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.4.6.3. Germany: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.4.7. Diabetes Device Market – Italy
8.4.7.1. Italy: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.4.7.2. Italy.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.4.7.3. Italy: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.4.8. Diabetes Device Market – Spain
8.4.8.1. Spain: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.4.8.2. Spain.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.4.8.3. Spain: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.4.9. Diabetes Device Market – Netherlands
8.4.9.1. Netherlands: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.4.9.2. Netherlands.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.4.9.3. Netherlands: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.4.10. Diabetes Device Market – Russia
8.4.10.1. Russia: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.4.10.2. Russia.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.4.10.3. Russia: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.5. Diabetes Device Market – Asia Pacific
8.5.1. Asia Pacific: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.5.2. Asia Pacific.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.5.3. Asia Pacific: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.5.4. Diabetes Device Market – China
8.5.4.1. China: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.5.4.2. China.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.5.4.3. China: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.5.5. Diabetes Device Market – India
8.5.5.1. India: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.5.5.2. India.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.5.5.3. India: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.5.6. Diabetes Device Market – Malaysia
8.5.6.1. Malaysia: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.5.6.2. Malaysia.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.5.6.3. Malaysia: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.5.7. Diabetes Device Market – Japan
8.5.7.1. Japan: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.5.7.2. Japan.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.5.7.3. Japan: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.5.8. Diabetes Device Market – Indonesia
8.5.8.1. Indonesia: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.5.8.2. Indonesia.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.5.8.3. Indonesia: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.5.9. Diabetes Device Market – South Korea
8.5.9.1. South Korea: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.5.9.2. South Korea.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.5.9.3. South Korea: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.6. Diabetes Device Market – Middle East & Africa
8.6.1. Middle East & Africa: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.6.2. Middle East & Africa.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.6.3. Middle East & Africa: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.6.4. Diabetes Device Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.6.4.2. Saudi Arabia.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.6.4.3. Saudi Arabia: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.6.5. Diabetes Device Market – UAE
8.6.5.1. UAE: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.6.5.2. UAE.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.6.5.3. UAE: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.6.6. Diabetes Device Market – Israel
8.6.6.1. Israel: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.6.6.2. Israel.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.6.6.3. Israel: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.6.7. Diabetes Device Market – South Africa
8.6.7.1. South Africa: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.6.7.2. South Africa.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.6.7.3. South Africa: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.7. Diabetes Device Market – Latin America
8.7.1. Latin America: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.7.2. Latin America.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.7.3. Latin America: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.7.4. Diabetes Device Market – Mexico
8.7.4.1. Mexico: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.7.4.2. Mexico.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.7.4.3. Mexico: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.7.5. Diabetes Device Market – Brazil
8.7.5.1. Brazil: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.7.5.2. Brazil.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.7.5.3. Brazil: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
8.7.6. Diabetes Device Market – Argentina
8.7.6.1. Argentina: Diabetes Device Market, by Type, 2019-2032 (USD Billion)
8.7.6.2. Argentina.: Diabetes Device Market, by Distribution Channel, 2019-2032 (USD Billion)
8.7.6.3. Argentina: Diabetes Device Market, by End-use, 2019-2032 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Abbott Diabetes Care
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. B Braun Melsungen AG
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. BD
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Biocorp
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. DexCom, Inc
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Johnson & Johnson
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. GlucoModicum
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. LifeScan Inc
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Medtronic PLC
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. Molex
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Novo Nordisk
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. Phillips-Medisize
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. Roche Diabetes Care
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. Senseonics, Inc
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. Tandem Diabetes Care, Inc
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Recent Development

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