Switzerland Plastic Compounding Market Size & Outlook
Switzerland plastic compounding market, 2019-2030 (US$M)
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Switzerland plastic compounding market highlights
- The Switzerland plastic compounding market generated a revenue of USD 626.7 million in 2023 and is expected to reach USD 959.6 million by 2030.
- The Switzerland market is expected to grow at a CAGR of 6.3% 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.
Plastic compounding market data book summary
| Market revenue in 2023 | USD 626.7 million |
| Market revenue in 2030 | USD 959.6 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyethylene Terephthalate (PET) |
| 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, Switzerland accounted for 0.9% 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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Switzerland 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 29.73% in 2023. Horizon Databook has segmented the Switzerland 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.
Switzerland is known for its clean environment initiatives globally. Companies in the country are constantly striving to develop technologies that can lead to a safer environment. Recent innovations focus on the production of diesel from plastic waste and industrial oils.
This, in turn, has led to reduced pollution from wastes and has also helped the country in boosting its economy. In 2021, polypropylene was the dominant product segment, in terms of volume, in Switzerland owing to its wide array of properties and usage across multiple industries.
It was followed by polyethylene and polyvinyl chloride product segments in the order mentioned. Epoxy polymer segment is estimated to advance at the fastest rate, followed by liquid crystal polymers and PEEK plastics, over the forecast period.
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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 Switzerland plastic compounding market , including forecasts for subscribers. This country databook contains high-level insights into Switzerland plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Switzerland plastic compounding market size, by product, 2019-2030 (US$M)
Switzerland Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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