The Asia-Pacific plastic compounding market is forecasted to register a CAGR of 6.45% in terms of revenue and 4.68% in terms of volume across the estimated years of 2021 to 2028. The market growth of the region is credited to the rising economic development and the increasing number of people migrating to urban areas, the surge in construction activities, the demand for infrastructural improvement, and the augmenting manufacturing sector.
ASIA-PACIFIC PLASTIC COMPOUNDING MARKET FORECAST 2021-2028
Asia-Pacific Plastic Compounding Market by Polymer Type (Polyethylene, Polypropylene, TPV, TPO, PVC, Polystyrene, PET, PBT, Polyamide, Polycarbonate, ABS, Other Polymer Types) Market by Application (Automotive, Construction, Electrical & Electronics, Packaging, Consumer Goods, Industrial Machinery, Medical Devices, Other Applications) by Geography.
The Asia-Pacific plastic compounding market is forecasted to register a CAGR of 6.45% in terms of revenue and 4.68% in terms of volume across the estimated years of 2021 to 2028. The market growth of the region is credited to the rising economic development and the increasing number of people migrating to urban areas, the surge in construction activities, the demand for infrastructural improvement, and the augmenting manufacturing sector.
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The Asia-Pacific plastic compounding market growth evaluation entails the analysis of South Korea, Indonesia, Australia & New Zealand, India, Thailand, China, Japan, Vietnam, and the rest of the Asia-Pacific. With the second-largest packaging sector globally, China is anticipated to witness continual growth over the forecasting period. This is mainly accredited to the rising demand for packaged consumerist goods within the food segment, such as snacks, microwave food, and frozen food, and the increase in customized packaging. China also observed swift growth across the fast-moving consumer goods (FMCG) sector, fueled by middle-class consumers’ surging expenditure on healthier and premium products.
On the other hand, the packaging industry in Japan is estimated to record positive growth over the upcoming years, given the segmenting popularity of flexible packaging. Besides, in the current market scenario, Japan accounts for the highest per capita consumption in terms of packaging materials across the world. Hence, these factors are set to facilitate the plastic compounding market growth in the Asia-Pacific during the projected period.
Asahi Kasei Corporation, headquartered in Japan, is engaged in the businesses like chemicals, fibers, electronics, health care, materials, construction, and housing. Its product portfolio constitutes adipic acid, polystyrene, acrylonitrile, polymers, foam insulation panels, ion-exchange membranes, medical devices, diagnostic reagents, foundation systems, and others. The company provides products under Bemberg, Eltas, Lamous, Roica, and Bemliese brands, catering to healthcare, chemicals, fibers, and construction industries.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- DEMAND FROM AUTOMOTIVE MANUFACTURERS FOR MAKING LIGHTWEIGHT VEHICLES
- INCREASED APPLICATION DUE TO INFRASTRUCTURE GROWTH
- PLASTICS FORMING A GOOD SUBSTITUTE THAN OTHER MATERIALS IN MANY APPLICATIONS
- KEY RESTRAINTS
- RAW MATERIAL PRICE FLUCTUATIONS
- RESTRICTIONS ON THE USE OF VOCS PRESENT IN PLASTIC COATING
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON PLASTIC COMPOUNDING MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- MARKET BY POLYMER TYPE (VALUE IN $ MILLION & VOLUME IN KILOTONS)
- POLYETHYLENE
- POLYPROPYLENE
- TPV (THERMOPLASTIC VULCANIZATES)
- TPO (THERMOPLASTIC OLEFIN)
- PVC (POLYVINYL CHLORIDE)
- POLYSTYRENE
- PET (POLYETHYLENE TEREPHTHALATE)
- PBT (POLYBUTYLENE TEREPHTHALATE)
- POLYAMIDE
- POLYCARBONATE
- ABS (ACRYLONITRILE BUTADIENE STYRENE)
- OTHER POLYMER TYPES
- MARKET BY APPLICATION (VALUE IN $ MILLION & VOLUME IN KILOTONS)
- AUTOMOTIVE
- CONSTRUCTION
- ELECTRICAL & ELECTRONICS
- PACKAGING
- CONSUMER GOODS
- INDUSTRIAL MACHINERY
- MEDICAL DEVICES
- OTHER APPLICATIONS
- GEOGRAPHICAL ANALYSIS (VALUE IN $ MILLION & VOLUME IN KILOTONS)
- ASIA-PACIFIC
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- ASAHI KASEI CORPORATION
- AURORA PLASTICS (S&E SPECIALTY POLYMERS LLC)
- BASF SE
- COVESTRO AG
- DOW CHEMICAL COMPANY
- DUPONT
- KRATON CORPORATION
- KURARAY CO LTD
- LANXESS AG
- LYONDELLBASELL INDUSTRIES NV
- RTP COMPANY
- SAUDI BASIC INDUSTRIES CORPORATION (SABIC)
- SO.F.TER. GROUP (ACQUIRED BY CELANESE)
- SOLVAY SA
- TEIJIN LIMITED
- TEKNOR APEX COMPANY
- WASHINGTON PENN PLASTIC CO INC (WPP)
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – PLASTIC COMPOUNDING
TABLE 2: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE, HISTORICAL YEARS, 2021-2020 (IN $ MILLION)
TABLE 3: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE, HISTORICAL YEARS, 2021-2020 (IN KILOTONS)
TABLE 5: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE, FORECAST YEARS, 2021-2028 (IN KILOTONS)
TABLE 6: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 7: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)
TABLE 9: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN KILOTONS)
TABLE 10: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)
TABLE 13: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN KILOTONS)
TABLE 14: LIST OF MERGERS & ACQUISITIONS
TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 17: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
FIGURES LIST
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: VALUE CHAIN ANALYSIS
FIGURE 6: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, GROWTH POTENTIAL, BY POLYMER TYPE, IN 2020
FIGURE 7: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY POLYETHYLENE, 2021-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY POLYPROPYLENE, 2021-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY TPV, 2021-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY TPO, 2021-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY PVC, 2021-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY POLYSTYRENE, 2021-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY PET, 2021-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY PBT, 2021-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY POLYAMIDE, 2021-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY POLYCARBONATE, 2021-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY ABS, 2021-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY OTHER POLYMER TYPES, 2021-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
FIGURE 20: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY ELECTRICAL & ELECTRONICS, 2021-2028 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY PACKAGING, 2021-2028 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY CONSUMER GOODS, 2021-2028 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY INDUSTRIAL MACHINERY, 2021-2028 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY MEDICAL DEVICES, 2021-2028 (IN $ MILLION)
FIGURE 27: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 28: ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)
FIGURE 29: CHINA PLASTIC COMPOUNDING MARKET, 2021-2028 (IN $ MILLION)
FIGURE 30: JAPAN PLASTIC COMPOUNDING MARKET, 2021-2028 (IN $ MILLION)
FIGURE 31: INDIA PLASTIC COMPOUNDING MARKET, 2021-2028 (IN $ MILLION)
FIGURE 32: SOUTH KOREA PLASTIC COMPOUNDING MARKET, 2021-2028 (IN $ MILLION)
FIGURE 33: INDONESIA PLASTIC COMPOUNDING MARKET, 2021-2028 (IN $ MILLION)
FIGURE 34: THAILAND PLASTIC COMPOUNDING MARKET, 2021-2028 (IN $ MILLION)
FIGURE 35: VIETNAM PLASTIC COMPOUNDING MARKET, 2021-2028 (IN $ MILLION)
FIGURE 36: AUSTRALIA & NEW ZEALAND PLASTIC COMPOUNDING MARKET, 2021-2028 (IN $ MILLION)
FIGURE 37: REST OF ASIA-PACIFIC PLASTIC COMPOUNDING MARKET, 2021-2028 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS (VALUE IN $ MILLION & VOLUME IN KILOTONS)
- ASIA-PACIFIC
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- MARKET BY POLYMER TYPE (VALUE IN $ MILLION & VOLUME IN KILOTONS)
- POLYETHYLENE
- POLYPROPYLENE
- TPV (THERMOPLASTIC VULCANIZATES)
- TPO (THERMOPLASTIC OLEFIN)
- PVC (POLYVINYL CHLORIDE)
- POLYSTYRENE
- PET (POLYETHYLENE TEREPHTHALATE)
- PBT (POLYBUTYLENE TEREPHTHALATE)
- POLYAMIDE
- POLYCARBONATE
- ABS (ACRYLONITRILE BUTADIENE STYRENE)
- OTHER POLYMER TYPES
- MARKET BY APPLICATION (VALUE IN $ MILLION & VOLUME IN KILOTONS)
- AUTOMOTIVE
- CONSTRUCTION
- ELECTRICAL & ELECTRONICS
- PACKAGING
- CONSUMER GOODS
- INDUSTRIAL MACHINERY
- MEDICAL DEVICES
- OTHER APPLICATIONS
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We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.