North America Plastic Compounding Market Size & Outlook
North America plastic compounding market, 2019-2030 (US$M)
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North America plastic compounding market highlights
- The North America plastic compounding market generated a revenue of USD 12,401.1 million in 2023.
- The market is expected to grow at a CAGR of 7.1% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 12,401.1 million |
| Market revenue in 2030 | USD 20,106.7 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyethylene Terephthalate (PET) |
| 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, North America region accounted for 18.5% 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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North America 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 28.86% in 2023. Horizon Databook has segmented the North America 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.
North America is one of the largest consumers of plastics owing to high demand from the automotive, electrical & electronics, packaging, and construction sectors. Plastic compounding finds many applications in each industry due to their versatile benefits, easy molding, and desired shape formation.
Many automobile manufacturers prefer plastic vehicle components, which help companies in achieving low-cost production and increasing their bottom line. Construction industry in North America is expected to witness considerable growth owing to high demand for non-residential construction projects such as hospitals, schools, and colleges over the coming years.
Implementation of the "Affordable Healthcare Act" is also expected to stimulate the construction of a greater number of health care units and hospitals in the region.
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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 continent-level data and insights on the North America plastic compounding market , including forecasts for subscribers. This continent databook contains high-level insights into North America plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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North America plastic compounding market size, by country, 2019-2030 (US$M)
North America Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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