Asia Pacific Plastic Compounding Market Size & Outlook
Asia Pacific plastic compounding market, 2019-2030 (US$M)
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Asia Pacific plastic compounding market highlights
- The Asia Pacific plastic compounding market generated a revenue of USD 30,155.5 million in 2023.
- The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Thermoplastic Vulcanizates (TPV) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 30,155.5 million |
| Market revenue in 2030 | USD 53,552.2 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Thermoplastic Vulcanizates (TPV) |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Thermoplastic Vulcanizates (TPV), Thermoplastic Polyolefins (TPO), Polyvinyl Chloride (PVC), Polystyrene (PS), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), Polyamide (PA), Polycarbonate (PC), Acrylonitrile Butadiene Systems (ABS), Other Product |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DL Holdings Group Ltd, LyondellBasell Industries NV Class A, DuPont de Nemours Inc, Asahi Kasei Corp, Covestro AG, Washington Penn, Ascend Performance Materials, Kuraray Co Ltd, Arkema SA, Teijin Ltd, Lanxess AG, Solvay SA, Ravago |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 44.9% of the global plastic compounding market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 53,552.2 million by 2030.
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Plastic Compounding Market Scope
Plastic Compounding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 plastic compounding market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 29.96% in 2023. Horizon Databook has segmented the Asia Pacific plastic compounding market based on polyethylene (pe), polypropylene (pp), thermoplastic vulcanizates (tpv), thermoplastic polyolefins (tpo), polyvinyl chloride (pvc), polystyrene (ps), polyethylene terephthalate (pet), polybutylene terephthalate (pbt), polyamide (pa), polycarbonate (pc), acrylonitrile butadiene systems (abs), other product covering the revenue growth of each sub-segment from 2019 to 2030.
The favorable conditions in Asia Pacific, such as increasing manufacturing output, booming e-commerce market, and favorable demographics, are promising. Investments in six Asian economies (China, Thailand, Indonesia, India, Vietnam, and Malaysia) for developing talent, improving infrastructure, and supply chain facilities are expected to drive the market growth.
Increasing demand for consumer goods such as refrigerators and washing machine in countries such as India, Vietnam, the Philippines, China, and Thailand is expected to fuel the demand for plastic compounding in these applications.
Growing demand for automotive in the region coupled with favorable FDI norms by governments is further projected to facilitate investment in the Asia Pacific. In addition, low manufacturing cost in China and India as compared to Europe is expected to propel the use of plastic compounding in automobiles.
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Target buyers of Asia Pacific plastic compounding market databook
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Our clientele includes a mix of plastic compounding market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific plastic compounding market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific plastic compounding market size, by country, 2019-2030 (US$M)
Asia Pacific Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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