Asia Pacific Plastic Compounding Market, By Source (Fossil-based, Bio-based and Recycled), By Product Type, By Application and By Country- Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific Plastic Compounding Market size was valued at USD 30,013.90 Million in 2023, expanding at a CAGR of 9.10% from 2024 to 2032.
Plastic compounding is the process of merging various polymer materials with additives and fillers to create customized blends with specific properties and characteristics. This typically involves melting and mixing polymer resins with additives like colorants, flame retardants, UV stabilizers, and reinforcing agents such as fiberglass or carbon fiber. Through compounding, manufacturers can tailor plastics to meet specific performance requirements, such as enhanced strength, durability, flame resistance, or aesthetic appeal. These compounded plastics have extensive applications across multiple industries, including automotive, construction, electronics, packaging, and healthcare, where precise material properties are crucial for product performance and functionality.
Asia Pacific Plastic Compounding Market- Market Dynamics
Lower manufacturing costs in China and India to propel market demand
The lower manufacturing costs in China and India compared to Europe are expected to boost the use of plastic compounding in the automotive industry. Companies in Northeast Asia are primarily focused on advancing their economies in key sectors like raw material extraction, manufacturing, and services. Governments across the region have upgraded rural industries into world-class manufacturing facilities through protectionist policies, financial investments, and regulatory support. Additionally, the availability of inexpensive labor and proximity to raw material suppliers are attracting significant investor interest. Countries such as China, Indonesia, South Korea, India, and Taiwan are projected to drive regional market growth over the forecast period. Government initiatives like \"Make in India,\" smart cities development, modified special incentives package schemes, the Domestic Efficient Lighting Programme, 100% FDI in electronic hardware manufacturing, and the National Electronic Policy are set to boost electronics production in the region in the coming years. Technology transitions, including the adoption of IoT and 4G/LTE networks, are accelerating the uptake of electronic products, thereby increasing the demand for plastics.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC PLASTIC COMPOUNDING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
LyondellBasell Industries N.V.
Teijin Plastics
Kraton Polymers Inc.
RTP Company
BASF SE
SABIC
The 3M Company
Polyplastics Asia Pacific Sdn Bhd
Melchers Malaysia
Helistrom Sdn Bhd
Sheng Foong Plastic Industries Sdn Bhd
The inabata group
Others
ASIA PACIFIC PLASTIC COMPOUNDING MARKET, BY SOURCE - MARKET ANALYSIS, 2019 - 2032
Fossil-based
Bio-based
Recycled
ASIA PACIFIC PLASTIC COMPOUNDING MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032
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)
Polyurethane (PU)
Polymethyl Methacrylate (PMMA)
Acrylonitrile Butadiene Styrene (ABS)
Others
ASIA PACIFIC PLASTIC COMPOUNDING MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Automotive
Building & construction
Electrical & electronics
Packaging
Consumer goods
Industrial machinery
Medical devices
Optical media
Aerospace & defense
Others
ASIA PACIFIC PLASTIC COMPOUNDING MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
TABLE OF CONTENT
1. Asia Pacific Plastic Compounding Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. Asia Pacific Plastic Compounding Market Snippet by Source
2.1.2. Asia Pacific Plastic Compounding Market Snippet by Product Type
2.1.3. Asia Pacific Plastic Compounding Market Snippet by Application
2.1.4. Asia Pacific Plastic Compounding Market Snippet by Country
2.2. Competitive Insights
3. Asia Pacific Plastic Compounding Key Market Trends
3.1. Asia Pacific Plastic Compounding Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Asia Pacific Plastic Compounding Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Asia Pacific Plastic Compounding Market Opportunities
3.4. Asia Pacific Plastic Compounding Market Future Trends
4. Asia Pacific Plastic Compounding Industry Study
4.1. PEST Analysis
4.2. Porter’s Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Asia Pacific Plastic Compounding Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Asia Pacific Plastic Compounding Market Landscape
6.1. Asia Pacific Plastic Compounding Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players’ Analysis
6.2.2. Emerging Players’ Analysis
7. Asia Pacific Plastic Compounding Market – By Source
7.1. Overview
7.1.1. Segment Share Analysis, By Source, 2023 & 2032 (%)
7.1.2. Fossil-based
7.1.3. Bio-based
7.1.4. Recycled
8. Asia Pacific Plastic Compounding Market – By Product Type
8.1. Overview
8.1.1. Segment Share Analysis, By Product Type, 2023 & 2032 (%)
8.1.2. Polyethylene (PE)
8.1.3. Polypropylene (PP)
8.1.4. Thermoplastic Vulcanizates (TPV)
8.1.5. Thermoplastic Polyolefins (TPO)
8.1.6. Polyvinyl Chloride (PVC)
8.1.7. Polystyrene (PS)
8.1.8. Polyethylene Terephthalate (PET)
8.1.9. Polybutylene Terephthalate (PBT)
8.1.10. Polyamide (PA)
8.1.11. Polycarbonate (PC)
8.1.12. Polyurethane (PU)
8.1.13. Polymethyl Methacrylate (PMMA)
8.1.14. Acrylonitrile Butadiene Styrene (ABS)
8.1.15. Others
9. Asia Pacific Plastic Compounding Market – By Application
9.1. Overview
9.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
9.1.2. Automotive
9.1.3. Building & construction
9.1.4. Electrical & electronics
9.1.5. Packaging
9.1.6. Consumer goods
9.1.7. Industrial machinery
9.1.8. Medical devices
9.1.9. Optical media
9.1.10. Aerospace & defense
9.1.11. Others
10. Asia Pacific Plastic Compounding Market– By Geography
10.1. Introduction
10.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
10.2. Asia Pacific (APAC)
10.2.1. Overview
10.2.2. Asia Pacific Plastic Compounding Key Manufacturers in Asia Pacific
10.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
10.2.4. Asia Pacific Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
10.2.5. Asia Pacific Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
10.2.6. Asia Pacific Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.7. India
10.2.7.1. Overview
10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.7.3. India Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
10.2.7.4. India Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
10.2.7.5. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.8. China
10.2.8.1. Overview
10.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.8.3. China Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
10.2.8.4. China Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
10.2.8.5. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.9. Japan
10.2.9.1. Overview
10.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.9.3. Japan Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
10.2.9.4. Japan Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
10.2.9.5. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.10. South Korea
10.2.10.1. Overview
10.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.10.3. South Korea Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
10.2.10.4. South Korea Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
10.2.10.5. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.11. Australia
10.2.11.1. Overview
10.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.11.3. Australia Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
10.2.11.4. Australia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
10.2.11.5. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.12. Thailand
10.2.12.1. Overview
10.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.12.3. Thailand Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
10.2.12.4. Thailand Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
10.2.12.5. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.13. Indonesia
10.2.13.1. Overview
10.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.13.3. Indonesia Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
10.2.13.4. Indonesia Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
10.2.13.5. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.14. Philippines
10.2.14.1. Overview
10.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.14.3. Philippines Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
10.2.14.4. Philippines Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
10.2.14.5. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
10.2.15. Rest of APAC
10.2.15.1. Overview
10.2.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
10.2.15.3. Rest of APAC Market Size and Forecast, By Source, 2019 - 2032 (US$ Million)
10.2.15.4. Rest of APAC Market Size and Forecast, By Product Type, 2019 - 2032 (US$ Million)
10.2.15.5. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
11. Key Vendor Analysis- Asia Pacific Plastic Compounding Industry
11.1. Competitive Dashboard
11.2. Company Profiles
11.2.1. LyondellBasell Industries N.V.
11.2.2. Teijin Plastics
11.2.3. Kraton Polymers Inc.
11.2.4. RTP Company
11.2.5. BASF SE
11.2.6. SABIC
11.2.7. The 3M Company
11.2.8. Polyplastics Asia Pacific Sdn Bhd
11.2.9. Melchers Malaysia
11.2.10. Helistrom Sdn Bhd
11.2.11. Sheng Foong Plastic Industries Sdn Bhd
11.2.12. The inabata group
11.2.13. Others
12. 360 Degree Analyst View
13. Appendix
13.1. Research Methodology
13.2. References
13.3. Abbreviations
13.4. Disclaimer
13.5. Contact Us
