Germany Plastic Compounding Market Size & Outlook
Germany plastic compounding market, 2019-2030 (US$M)
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Germany plastic compounding market highlights
- The Germany plastic compounding market generated a revenue of USD 3,930.1 million in 2023 and is expected to reach USD 6,173.5 million by 2030.
- The Germany 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.
- Polyvinyl Chloride (PVC) 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 3,930.1 million |
| Market revenue in 2030 | USD 6,173.5 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyvinyl Chloride (PVC) |
| 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, Germany accounted for 5.9% 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 Europe, Germany plastic compounding market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 1,712.7 million by 2030.
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Plastic Compounding Market Scope
Plastic Compounding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 29.65% in 2023. Horizon Databook has segmented the Germany 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.
Germany is one of the largest economies in Europe. The growth of industrial and automotive sectors is expected to fuel the demand for plastic compounding in the country. The country is the largest consumer of non-alcoholic beverages in Europe, which is expected to fuel the demand for plastics compounding for use in packaging application.
In addition, it is one of the largest consumers of packaged food including fresh food, ready-to-eat food, and processed food, which is projected to pave a way for the growth of plastic compounding market in the country.
In addition, increasing government expenditure in medical sector along with increasing consumer awareness regarding health is expected to propel the demand for plastic compounding in medical device application.
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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 Germany plastic compounding market , including forecasts for subscribers. This country databook contains high-level insights into Germany plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Germany plastic compounding market size, by product, 2019-2030 (US$M)
Germany Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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