The North America plastic compounding market is predicted to grow with a CAGR of 6.08% in terms of revenue and 4.67% in terms of volume during the forecast years of 2021 to 2028. The market growth of the region is facilitated by factors like the increased need for products that maximize performance and energy efficiency, as well as the durability of non-building and building construction, and the rising demand for packaging, bottles, and containers.

NORTH AMERICA PLASTIC COMPOUNDING MARKET FORECAST 2021-2028

North America 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.

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The North America plastic compounding market is predicted to grow with a CAGR of 6.08% in terms of revenue and 4.67% in terms of volume during the forecast years of 2021 to 2028. The market growth of the region is facilitated by factors like the increased need for products that maximize performance and energy efficiency, as well as the durability of non-building and building construction, and the rising demand for packaging, bottles, and containers.north-america-plastic-compounding-market

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The North America plastic compounding market growth assessment encompasses the analysis of the United States and Canada. Plastics are pivotal to the United States economy. In this regard, the Plastics Industry Association (PLASTICS), in its 2020 Size & Impact Report, stated that the country’s plastics industry accounted for nearly 1,003,000 jobs and an estimated $432 billion in shipments in 2019. New research and development initiatives are significantly transforming the United States automotive industry to better respond to innovative opportunities. Moreover, electric vehicle manufacturing projects a substantial growth potential in the country, as well.

On the other hand, the construction industry in the United States employed approximately 7.64 million people in 2020, recording the highest levels since 2008. Besides, increased associated investments, as well as connected technologies, are likely to help organizations recognize novel operational efficiencies. Furthermore, an increase in mergers and acquisitions further accelerates the shift towards digitization in applications such as construction and engineering. Hence, these factors are set to propel the plastic compounding market growth in North America during the forecasting period.

Kraton Corporation, headquartered in the United States, is involved in manufacturing styrenic block copolymers (SBCs) and numerous other engineered polymers. The company commercializes its products under the NEXARTM, Kraton, and Cariflex brands. Its products are used across diverse avenues such as consumer and personal care products, automotive, paving, coatings, sealants and lubricants, adhesives, medical, packaging, roofing, and footwear products.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. 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
    1. 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
    2. 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
    3. MARKET BY APPLICATION (VALUE IN $ MILLION & VOLUME IN KILOTONS)
      • AUTOMOTIVE
      • CONSTRUCTION
      • ELECTRICAL & ELECTRONICS
      • PACKAGING
      • CONSUMER GOODS
      • INDUSTRIAL MACHINERY
      • MEDICAL DEVICES
      • OTHER APPLICATIONS
    4. GEOGRAPHICAL ANALYSIS (VALUE IN $ MILLION & VOLUME IN KILOTONS)
      • NORTH AMERICA
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. 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)

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – PLASTIC COMPOUNDING

    TABLE 2: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE, HISTORICAL YEARS, 2021-2020 (IN $ MILLION)

    TABLE 3: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 4: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE, HISTORICAL YEARS, 2021-2020 (IN KILOTONS)

    TABLE 5: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY POLYMER TYPE, FORECAST YEARS, 2021-2028 (IN KILOTONS)

    TABLE 6: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)

    TABLE 9: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN KILOTONS)

    TABLE 10: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 11: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 12: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)

    TABLE 13: NORTH AMERICA 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: NORTH AMERICA PLASTIC COMPOUNDING MARKET, GROWTH POTENTIAL, BY POLYMER TYPE, IN 2020

    FIGURE 7: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY POLYETHYLENE, 2021-2028 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY POLYPROPYLENE, 2021-2028 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY TPV, 2021-2028 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY TPO, 2021-2028 (IN $ MILLION)

    FIGURE 11: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY PVC, 2021-2028 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY POLYSTYRENE, 2021-2028 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY PET, 2021-2028 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY PBT, 2021-2028 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY POLYAMIDE, 2021-2028 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY POLYCARBONATE, 2021-2028 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY ABS, 2021-2028 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY OTHER POLYMER TYPES, 2021-2028 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA PLASTIC COMPOUNDING MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

    FIGURE 20: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)

    FIGURE 22: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY ELECTRICAL & ELECTRONICS, 2021-2028 (IN $ MILLION)

    FIGURE 23: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY PACKAGING, 2021-2028 (IN $ MILLION)

    FIGURE 24: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY CONSUMER GOODS, 2021-2028 (IN $ MILLION)

    FIGURE 25: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY INDUSTRIAL MACHINERY, 2021-2028 (IN $ MILLION)

    FIGURE 26: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY MEDICAL DEVICES, 2021-2028 (IN $ MILLION)

    FIGURE 27: NORTH AMERICA PLASTIC COMPOUNDING MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

    FIGURE 28: NORTH AMERICA PLASTIC COMPOUNDING MARKET, COUNTRY OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 29: UNITED STATES PLASTIC COMPOUNDING MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 30: CANADA PLASTIC COMPOUNDING MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS (VALUE IN $ MILLION & VOLUME IN KILOTONS)
      • NORTH AMERICA
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. 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
    2. 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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