Canada Plastic Compounding Market Size & Outlook
Canada plastic compounding market, 2019-2030 (US$M)
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Canada plastic compounding market highlights
- The Canada plastic compounding market generated a revenue of USD 1,343.2 million in 2023 and is expected to reach USD 2,112.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polyethylene Terephthalate (PET) is the most lucrative product segment registering the fastest growth during the forecast period.
Plastic compounding market data book summary
| Market revenue in 2023 | USD 1,343.2 million |
| Market revenue in 2030 | USD 2,112.5 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyethylene Terephthalate (PET) |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 2.0% of the global plastic compounding market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. plastic compounding market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 16,696.5 million by 2030.
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Plastic Compounding Market Scope
Plastic Compounding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 30.69% in 2023. Horizon Databook has segmented the Canada 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.
Automotive industry in Canada is likely to account for a significant demand for plastic compounding owing to rising demand for new vehicles, mainly among the aging baby boom population in Canada and the U.S. Moreover, favorable economic conditions are anticipated to continue to support the Canadian motor vehicle manufacturing industry.
However, improving vehicle technology, which aids in extending the average length of vehicle ownership, coupled with easy access to ridesharing & carpooling is anticipated to restrain the demand among the urban millennials.
Allard Motor Works, Bombardier Recreational Products, Bombardier, Inc., Canadian Electric Vehicles, Dupont Industries, and Conquest Canada are among the key domestic manufacturers operating in automotive industry in Canada.
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Our clientele includes a mix of plastic compounding market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada plastic compounding market , including forecasts for subscribers. This country databook contains high-level insights into Canada plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada plastic compounding market size, by product, 2019-2030 (US$M)
Canada Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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