Italy Plastic Compounding Market Size & Outlook, 2023-2030
Italy plastic compounding market, 2019-2030 (US$M)
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Italy plastic compounding market highlights
- The Italy plastic compounding market generated a revenue of USD 1,564.2 million in 2023 and is expected to reach USD 2,379.2 million by 2030.
- The Italy 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 1,564.2 million |
| Market revenue in 2030 | USD 2,379.2 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, Italy accounted for 2.3% 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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Italy 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 29.16% in 2023. Horizon Databook has segmented the Italy 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.
Plastic compounding market is expected to witness an improved demand from the application sectors on account of growing investments in the domestic manufacturing industry. The market in Italy is expected to witness new investments by OEMs in light of increasing spending by automotive manufacturers for new components.
This is anticipated to boost the consumption of plastics in automotive and industrial machinery sectors over the forecast period. Italian construction industry is expected to grow on account of favorable government policies for foreign direct investment (FDI) in the manufacturing sector.
Furthermore, government initiatives for investment in energy and residential & commercial construction projects are expected to fuel the demand for plastic over the forecast period. Growth of construction and real estate sectors in the country is likely to augment the demand for furniture, thereby propelling the plastic compounding market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy plastic compounding market , including forecasts for subscribers. This country databook contains high-level insights into Italy plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Italy plastic compounding market size, by product, 2019-2030 (US$M)
Italy Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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