India Automotive Plastic Compounding Market Size & Outlook
India automotive plastic compounding market, 2018-2030 (US$M)
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India automotive plastic compounding market highlights
- The India automotive plastic compounding market generated a revenue of USD 177.2 million in 2022 and is expected to reach USD 315.9 million by 2030.
- The India market is expected to grow at a CAGR of 7.5% from 2023 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2022.
- Blends (PC/ABS, ABS/PBT, PS/PP) is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive plastic compounding market data book summary
| Market revenue in 2022 | USD 177.2 million |
| Market revenue in 2030 | USD 315.9 million |
| Growth rate | 7.5% (CAGR from 2022 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Blends (PC/ABS, ABS/PBT, PS/PP) |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene (PP), Polyethylene (PE), Thermoplastic Elastomers (TPE), Polybutylene Terephthalate (PBT), Polyamide (PA), Polycarbonate (PC), Acrylonitrile Butadiene Systems (ABS), Styrene Acrylonitrile (SAN), Polymethyl Methacrylate (PMMA), Polyoxymethylene (POM), Blends (PC/ABS, ABS/PBT, PS/PP) |
| Key market players worldwide | LyondellBasell Industries NV Class A, Basf SE, SABIC, Dow Inc, Ascend Performance Materials, Chevron Corp, Ferro, Washington Penn, Ravago Chemicals, Krato Products Corporation |
Other key industry trends
- In terms of revenue, India accounted for 5.8% of the global automotive plastic compounding market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China automotive plastic compounding market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 315.9 million by 2030.
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Automotive Plastic Compounding Market Scope
Automotive Plastic Compounding Market Companies
| Name | Profile | # Employees | HQ | Website |
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India automotive plastic compounding market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive plastic compounding market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 65.86% in 2022. Horizon Databook has segmented the India automotive plastic compounding market based on polypropylene (pp), polyethylene (pe), thermoplastic elastomers (tpe), polybutylene terephthalate (pbt), polyamide (pa), polycarbonate (pc), acrylonitrile butadiene systems (abs), styrene acrylonitrile (san), polymethyl methacrylate (pmma), polyoxymethylene (pom), blends (pc/abs, abs/pbt, ps/pp) covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of automotive plastic compounding market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India automotive plastic compounding market , including forecasts for subscribers. This country databook contains high-level insights into India automotive plastic compounding market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India automotive plastic compounding market size, by product, 2018-2030 (US$M)
India Automotive Plastic Compounding Market Outlook Share, 2022 & 2030 (US$M)
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