Hungary Plastic Compounding Market Size & Outlook
Hungary plastic compounding market, 2019-2030 (US$M)
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Hungary plastic compounding market highlights
- The Hungary plastic compounding market generated a revenue of USD 528.5 million in 2023 and is expected to reach USD 805.8 million by 2030.
- The Hungary market is expected to grow at a CAGR of 6.2% 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 528.5 million |
| Market revenue in 2030 | USD 805.8 million |
| Growth rate | 6.2% (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, Hungary accounted for 0.8% 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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Hungary 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 28.99% in 2023. Horizon Databook has segmented the Hungary 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.
Hungary accounts for a huge demand for plastics due to the presence of an established production, trade, and industrial environment. However, a weak currency makes the exports competitive, which, in turn, helps boost the growth of automotive and robotics industries.
Hungary is a major producer and exporter of electronics, semiconductors, optical instruments, and hybrid vehicles. Plastics are used in all of the aforementioned industries and is expected to grow over the forecast period with the growth of these industries.
However, the COVID-19 outbreak in the country is expected to impact the growth of plastics compounding market. As the country’s economy heavily relies on foreign consumers; decline in demand from export destinations, slowdown in manufacturing & production activities, impacted the growth of manufacturing industries in the country.
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Our clientele includes a mix of 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 Hungary plastic compounding market , including forecasts for subscribers. This country databook contains high-level insights into Hungary plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Hungary plastic compounding market size, by product, 2019-2030 (US$M)
Hungary Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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