Europe Plastic Compounding Market Size & Outlook
Europe plastic compounding market, 2019-2030 (US$M)
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Europe plastic compounding market highlights
- The Europe plastic compounding market generated a revenue of USD 14,687.6 million in 2023.
- The market is expected to grow at a CAGR of 6.4% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polyvinyl Chloride (PVC) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 14,687.6 million |
| Market revenue in 2030 | USD 22,675.5 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyvinyl Chloride (PVC) |
| 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, Europe region accounted for 21.9% 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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Europe 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 29.61% in 2023. Horizon Databook has segmented the Europe 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.
Growth in automotive production, high standard of living, and growing aging population, are significantly contributing towards a positive growth for plastic compounding in Europe. Well-developed infrastructure along with the presence of renowned automakers including Fiat, BMW, and Volkswagen among others are propelling the development of the automotive market in this region which in turn is creating application scope of plastic compounding in this region.
The rise in the electronics sector, primarily for flexible electronics in Europe has developed the new application scope of plastic compounding. EU is involved in the multifaceted and most comprehensive developmental initiative in flexible electronics technology, engaging multiple stages of government and masses of public institutes.
In Europe, a wide variety of research and development projects are subsidized at the European Union level, strengthened by national & regional efforts in countries such as Belgium, the Netherlands, Finland, and Germany.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe plastic compounding market , including forecasts for subscribers. This continent databook contains high-level insights into Europe plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Europe plastic compounding market size, by country, 2019-2030 (US$M)
Europe Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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