Asia-Pacific plastic compounding market is projected to register an 5.4% CAGR in the forecast period of 2023 to 2030. The new market report contains data for the historic years 2021, the base year of calculation is 2022, and the forecast period is 2023 to 2030.
Market Segmentation:
Asia-Pacific Plastic Compounding Market, By Product Type (Polyethylene (PE), Polypropylene (PP), Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Poly Vinyl Chloride, Polystyrene, Polyethylene Terephthalate (PET), Poly-Butylene Terephthalate (PBT), Polyamide (PA), Polycarbonate, Acrylonitrile Butadiene Styrene And Others), Source (Fossil-Based, Bio-Based And Recycled), Additive Type (Fillers, Anti-Oxidants, Colorants, UV Stabilizers, Reinforcement Agents, Flame-Retardants, Anti-Foaming Agents, Oxygen Scavengers, Blowing Agents And Others), Manufacturing Process (Injection Molding, Extrusion And Others), Application (Automotive, Building & Construction, Packaging, Electrical & Electronics, Medical, Optical Media, Consumer Goods, Industrial Machinery, Textiles And Others), Geography (Japan, China, South Korea, India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia, New Zealand, and the rest of Asia-Pacific), Industry Trends and Forecast 2030.
Some of the major factors contributing to the growth of the Asia-Pacific plastic compounding market:
Demand for plastic compounding by this industry in flooring, insulation materials, storage tanks coupled with growth owing to the expansion of the buildings and construction industry
Builders, and service consultants are continuously seeking ways and focusing on development to augment energy efficiency in buildings
Market Players:
Some of the key players operating in the Asia-Pacific plastic compounding market are:
DuPont
BASF SE
Dow
Arkema
KURARAY CO., LTD.
Adell Plastic Inc.
Asahi Kasei Corporation
RTP Company
Ravago
LyondellBasell Industries Holdings B.V (A Subsidiary of LyondellBasell)
KRATON CORPORATION. (A Subsidiary of DL Chemical Co., Ltd.)
PolyVisions
Akro-Plastic GmbH
Aurora Plastics LLC
Exxon Mobil Corporation
DSM
SABIC
Celanese Corporation
LANXESS
INEOS
TABLE OF CONTENTS
1 INTRODUCTION 37
1.1 OBJECTIVES OF THE STUDY 37
1.2 MARKET DEFINITION 37
1.3 OVERVIEW OF THE ASIA PACIFIC PLASTIC COMPOUNDING MARKET 37
1.4 LIMITATION 40
1.5 MARKETS COVERED 40
2 MARKET SEGMENTATION 49
2.1 MARKETS COVERED 49
2.2 GEOGRAPHICAL SCOPE 50
2.3 YEARS CONSIDERED FOR THE STUDY 51
2.4 CURRENCY AND PRICING 51
2.5 DBMR TRIPOD DATA VALIDATION MODEL 52
2.6 PRODUCT TYPE LIFE LINE CURVE 55
2.7 MULTIVARIATE MODELING 56
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 57
2.9 DBMR MARKET POSITION GRID 58
2.10 MARKET APPLICATION COVERAGE GRID 60
2.11 DBMR MARKET CHALLENGE MATRIX 61
2.12 DBMR VENDOR SHARE ANALYSIS 62
2.13 IMPORT-EXPORT DATA 63
2.14 SECONDARY SOURCES 64
2.15 ASSUMPTIONS 65
3 EXECUTIVE SUMMARY 66
4 PREMIUM INSIGHTS 69
4.1 PESTLE ANALYSIS 70
4.1.1 POLITICAL FACTORS 70
4.1.2 ECONOMIC FACTORS 70
4.1.3 SOCIAL FACTORS 71
4.1.4 TECHNOLOGICAL FACTORS 71
4.1.5 LEGAL FACTORS 71
4.1.6 ENVIRONMENTAL FACTORS 71
4.2 PORTERS FIVE FORCES: 72
4.2.1 THE THREAT OF NEW ENTRANTS: 72
4.2.2 THE THREAT OF SUBSTITUTES: 73
4.2.3 CUSTOMER BARGAINING POWER: 73
4.2.4 SUPPLIER BARGAINING POWER: 73
4.2.5 INTERNAL COMPETITION (RIVALRY): 73
4.3 CLIMATE CHANGE SCENARIO 74
4.3.1 ENVIRONMENTAL CONCERNS 74
4.3.2 INDUSTRY RESPONSE 74
4.3.3 GOVERNMENTS ROLE 74
4.3.4 ANALYST RECOMMENDATION 74
4.4 PRODUCTION CONSUMPTION ANALYSIS- ASIA PACIFIC PLASTIC COMPOUNDING MARKET 75
4.5 SUPPLY CHAIN ANALYSIS 77
4.5.1 RAW MATERIAL PROCUREMENT 77
4.5.2 MANUFACTURING AND PACKING 78
4.5.3 MARKETING AND DISTRIBUTION 78
4.5.4 END USERS 78
4.6 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 79
4.7 VENDOR SELECTION CRITERIA 80
4.8 RAW MATERIAL PRODUCTION COVERAGE 82
4.9 DISTRIBUTORS LIST 84
5 REGULATORY FRAMEWORK 86
6 MARKET OVERVIEW 89
6.1 DRIVERS 91
6.1.1 SHIFTING PREFERENCE TOWARD THE ADOPTION OF LIGHTWEIGHT MATERIALS FOR THE PRODUCTION OF AUTOMOTIVE PARTS 91
6.1.2 GROWING ADVANTAGES AND SUPERIOR PHYSICAL PROPERTIES OF PLASTIC COMPOUNDS 92
6.1.3 MULTIPLE AND VARIED APPLICATIONS SCOPE OF PLASTIC COMPOUNDING 93
6.2 RESTRAINTS 94
6.2.1 FLUCTUATIONS OR VOLATILITY IN THE PRICES OF RAW MATERIALS 94
6.2.2 HIGH SUBSTITUTION POTENTIAL FROM ITS BIO-BASED COUNTERPARTS 94
6.3 OPPORTUNITIES 95
6.3.1 SHIFTING PREFERENCE FOR BIO-BASED AND RECYCLED PLASTICS 95
6.3.2 ONGOING DEVELOPMENT IN CATALYST TECHNOLOGIES TO INCREASE THE PERFORMANCE AND YIELD OF PE RESINS 96
6.3.3 GROWING DEMAND FOR PLASTIC COMPOUNDING IN ELECTRIC VEHICLES AND LIGHTWEIGHT VEHICLES 96
6.4 CHALLENGES 97
6.4.1 STRINGENT REGULATIONS IMPOSED ON THE USE OF PLASTIC 97
6.4.2 STRICT ENVIRONMENTAL CONCERNS 97
6.4.3 IMPACT OF THE RUSSIA-UKRAINE CONFLICT 98
7 ASIA PACIFIC PLASTIC COMPOUNDING MARKET, BY PRODUCT TYPE 100
7.1 OVERVIEW 101
7.2 POLYETHYLENE (PE) 103
7.3 POLYPROPYLENE (PP) 104
7.4 POLY VINYL CHLORIDE 105
7.5 POLYETHYLENE TEREPHTHALATE (PET) 106
7.6 THERMOPLASTIC VULCANIZATES 107
7.7 POLYCARBONATE 108
7.8 THERMOPLASTIC POLYOLEFINS 109
7.9 POLYAMIDE (PA) 110
7.9.1 POLYAMIDE (PA), PRODUCT TYPE 111
7.9.1.1 PA6 111
7.9.1.2 PA 66 111
7.9.1.3 PA 46 111
7.10 POLYSTYRENE 111
7.11 POLY-BUTYLENE TEREPHTHALATE (PBT) 112
7.12 ACRYLONITRILE BUTADIENE STYRENE 113
7.13 OTHERS 114
8 ASIA PACIFIC PLASTIC COMPOUNDING MARKET, BY SOURCE 116
8.1 OVERVIEW 117
8.2 FOSSIL-BASED 118
8.3 BIO-BASED 119
8.3.1 BIO-BASED, BY TYPE 120
8.3.1.1 PLA 120
8.3.1.2 PHA 120
8.3.1.3 PHB 120
8.3.1.4 PBAT 120
8.4 RECYCLED 121
9 ASIA PACIFIC PLASTIC COMPOUNDING MARKET, BY ADDITIVE TYPE 122
9.1 OVERVIEW 123
9.2 ANTI-OXIDANTS 125
9.3 UV STABILIZERS 126
9.4 COLORANTS 127
9.5 BLOWING AGENTS 128
9.6 FLAME-RETARDANTS 129
9.7 REINFORCEMENT AGENTS 130
9.8 FILLERS 131
9.9 ANTI-FOAMING AGENTS 132
9.10 OXYGEN SCAVENGERS 133
9.11 OTHERS 134
10 ASIA PACIFIC PLASTIC COMPOUNDING MARKET, BY MANUFACTURING PROCESS 135
10.1 OVERVIEW 136
10.2 EXTRUSION 137
10.3 INJECTION MOLDING 138
10.4 OTHERS 139
11 ASIA PACIFIC PLASTIC COMPOUNDING MARKET, BY APPLICATION 141
11.1 OVERVIEW 142
11.2 AUTOMOTIVE 144
11.2.1 AUTOMOTIVE, BY APPLICATION 145
11.2.1.1 HOSES 145
11.2.1.2 GASKETS & SLEEVES 145
11.2.1.3 FITTING 145
11.2.1.4 LIP-SEALS 145
11.2.1.5 PETROL TUBES 145
11.2.1.6 PROFILES 145
11.2.1.7 CO-EXTRUSION STRAP 146
11.2.1.8 OTHERS 146
11.2.2 AUTOMOTIVE, BY PRODUCT TYPE 146
11.2.2.1 POLYETHYLENE (PE) 146
11.2.2.2 POLYPROPYLENE (PP) 146
11.2.2.3 POLY VINYL CHLORIDE 147
11.2.2.4 POLYETHYLENE TEREPHTHALATE (PET) 147
11.2.2.5 THERMOPLASTIC VULCANIZATES 147
11.2.2.6 POLYCARBONATE 147
11.2.2.7 THERMOPLASTIC POLYOLEFINS 147
11.2.2.8 POLYAMIDE (PA) 147
11.2.2.9 POLYSTYRENE 147
11.2.2.10 POLY-BUTYLENE TEREPHTHALATE (PBT) 147
11.2.2.11 ACRYLONITRILE BUTADIENE STYRENE 147
11.2.2.12 OTHERS 147
11.3 BUILDING & CONSTRUCTION 148
11.3.1 BUILDING & CONSTRUCTION, BY APPLICATION 149
11.3.1.1 PIPE AND FITTING 149
11.3.1.2 PROFILES AND TUBES 149
11.3.1.3 FLOORING 149
11.3.1.4 WINDOW FRAMES 149
11.3.1.5 WIRES & CABLES 149
11.3.1.6 WEATHER STRIPPING 149
11.3.1.7 FILMS & SHEET 150
11.3.1.8 OTHERS 150
11.3.2 BUILDING & CONSTRUCTION, BY PRODUCT TYPE 150
11.3.2.1 POLYETHYLENE (PE) 150
11.3.2.2 POLYPROPYLENE (PP) 150
11.3.2.3 POLY VINYL CHLORIDE 151
11.3.2.4 POLYETHYLENE TEREPHTHALATE (PET) 151
11.3.2.5 THERMOPLASTIC VULCANIZATES 151
11.3.2.6 POLYCARBONATE 151
11.3.2.7 THERMOPLASTIC POLYOLEFINS 151
11.3.2.8 POLYAMIDE (PA) 151
11.3.2.9 POLYSTYRENE 151
11.3.2.10 POLY-BUTYLENE TEREPHTHALATE (PBT) 151
11.3.2.11 ACRYLONITRILE BUTADIENE STYRENE 151
11.3.2.12 OTHERS 151
11.4 PACKAGING 152
11.4.1 PACKAGING, BY APPLICATION 153
11.4.1.1 BOTTLES 153
11.4.1.2 BOXES 153
11.4.1.3 CAPS 153
11.4.1.4 BLISTER PACKAGING 153
11.4.1.5 OTHERS 153
11.4.2 PACKAGING, BY PRODUCT TYPE 154
11.4.2.1 POLYETHYLENE (PE) 154
11.4.2.2 POLYPROPYLENE (PP) 154
11.4.2.3 POLY VINYL CHLORIDE 154
11.4.2.4 POLYETHYLENE TEREPHTHALATE (PET) 154
11.4.2.5 THERMOPLASTIC VULCANIZATES 155
11.4.2.6 POLYCARBONATE 155
11.4.2.7 THERMOPLASTIC POLYOLEFINS 155
11.4.2.8 POLYAMIDE (PA) 155
11.4.2.9 POLYSTYRENE 155
11.4.2.10 POLY-BUTYLENE TEREPHTHALATE (PBT) 155
11.4.2.11 ACRYLONITRILE BUTADIENE STYRENE 155
11.4.2.12 OTHERS 155
11.5 ELECTRICAL & ELECTRONICS 155
11.5.1 ELECTRICAL & ELECTRONICS, BY PRODUCT TYPE 156
11.5.1.1 POLYETHYLENE (PE) 157
11.5.1.2 POLYPROPYLENE (PP) 157
11.5.1.3 POLY VINYL CHLORIDE 157
11.5.1.4 POLYETHYLENE TEREPHTHALATE (PET) 157
11.5.1.5 THERMOPLASTIC VULCANIZATES 157
11.5.1.6 POLYCARBONATE 158
11.5.1.7 THERMOPLASTIC POLYOLEFINS 158
11.5.1.8 POLYAMIDE (PA) 158
11.5.1.9 POLYSTYRENE 158
11.5.1.10 POLY-BUTYLENE TEREPHTHALATE (PBT) 158
11.5.1.11 ACRYLONITRILE BUTADIENE STYRENE 158
11.5.1.12 OTHERS 158
11.5.2 MEDICAL 158
11.5.2.1 MEDICAL, BY PRODUCT TYPE 160
11.5.2.2 POLYETHYLENE (PE) 160
11.5.2.3 POLYPROPYLENE (PP) 160
11.5.2.4 POLY VINYL CHLORIDE 160
11.5.2.5 POLYETHYLENE TEREPHTHALATE (PET) 160
11.5.2.6 THERMOPLASTIC VULCANIZATES 161
11.5.2.7 POLYCARBONATE 161
11.5.2.8 THERMOPLASTIC POLYOLEFINS 161
11.5.2.9 POLYAMIDE (PA) 161
11.5.2.10 POLYSTYRENE 161
11.5.2.11 POLY-BUTYLENE TEREPHTHALATE (PBT) 161
11.5.2.12 ACRYLONITRILE BUTADIENE STYRENE 161
11.5.2.13 OTHERS 161
11.5.3 MEDICAL, BY APPLICATION 161
11.5.3.1 OXYGEN MASKS 162
11.5.3.2 BLOOD BAGS 162
11.5.3.3 URINE BAGS 162
11.5.3.4 GLUCOSE BAGS 162
11.5.3.5 DISPOSABLE TUBES 162
11.5.3.6 IV TUBES 162
11.5.3.7 REGULATORS 162
11.5.3.8 OTHERS 163
11.5.4 CONSUMER GOODS 163
11.5.4.1 GARDEN HOSE PIPES 164
11.5.4.2 TOYS 164
11.5.4.3 LUGGAGE 164
11.5.4.4 NOVELTIES 164
11.5.4.5 HANDBAGS 164
11.5.4.6 FOOTWEAR 164
11.5.4.7 OTHERS 164
11.5.5 CONSUMER GOODS, BY PRODUCT TYPE 165
11.5.5.1 POLYETHYLENE (PE) 165
11.5.5.2 POLYPROPYLENE (PP) 165
11.5.5.3 POLY VINYL CHLORIDE 165
11.5.5.4 POLYETHYLENE TEREPHTHALATE (PET) 165
11.5.5.5 THERMOPLASTIC VULCANIZATES 166
11.5.5.6 POLYCARBONATE 166
11.5.5.7 THERMOPLASTIC POLYOLEFINS 166
11.5.5.8 POLYAMIDE (PA) 166
11.5.5.9 POLYSTYRENE 166
11.5.5.10 POLY-BUTYLENE TEREPHTHALATE (PBT) 166
11.5.5.11 ACRYLONITRILE BUTADIENE STYRENE 166
11.5.5.12 OTHERS 166
11.5.6 INDUSTRIAL MACHINERY 166
11.5.6.1 POLYETHYLENE (PE) 168
11.5.6.2 POLYPROPYLENE (PP) 168
11.5.6.3 POLY VINYL CHLORIDE 168
11.5.6.4 POLYETHYLENE TEREPHTHALATE (PET) 168
11.5.6.5 THERMOPLASTIC VULCANIZATES 168
11.5.6.6 POLYCARBONATE 169
11.5.6.7 THERMOPLASTIC POLYOLEFINS 169
11.5.6.8 POLYAMIDE (PA) 169
11.5.6.9 POLYSTYRENE 169
11.5.6.10 POLY-BUTYLENE TEREPHTHALATE (PBT) 169
11.5.6.11 ACRYLONITRILE BUTADIENE STYRENE 169
11.5.6.12 OTHERS 169