The plastic compounding market is expected to grow from USD 78.71 billion in 2025 to USD 150.03 billion by 2034, with a 7.43% annual growth rate. The market was valued at USD 73.27 billion in 2024. Demand is driven by different sources, including fossil-based (57% share in 2024), recycled (fastest-growing), and bio-based plastics. In terms of product types, PP holds a 31% share, with PE growing the fastest, along with PVC, PS, PET, ABS, PC, PA, TPO/TPV, and others. Automotive applications made up 26% of the market in 2024, while packaging is growing the fastest. The market covers regions like North America, Europe, Asia Pacific (leading with 45% share in 2024), Latin America, and MEA. Key deliverables include competitive benchmarking (BASF, Dow, SABIC, LyondellBasell, DuPont, Covestro, LANXESS, Solvay, Asahi Kasei, RTP, Ravago), value chain analysis (from feedstocks to compounding and conversion), trade statistics, and databases of manufacturers and suppliers with details on capacity, grades, and locations.
New Advancements in the Plastic Compounding Industry
- In May 2025, the highly anticipated Plastics Recycling World Expo India and Compounding World Expo India were held at Mumbais esteemed Bombay Exhibition Centre. This event, which is being arranged by Asias biggest polymer market intelligence firm, Polymerupdate, in collaboration with world industry leader AMI, is expected to revolutionize the compounding and recycling of plastics in India.
- In April 2025, Tosoh Corporation launched a collaborative research project with Keio University and Professor Yasuhiro Koke, director of the Keio Photonics Research Institute (KPRI), with the goal of expanding the usefulness of novel photonic polymers. To satisfy changing industrial demands, these polymers, which are utilized in plastic optical fibers, optical films, optical lenses, and other applications, need to be functionally refined.
- In February 2025, the Plastics Technology Center, or AIMPLAS, introduced three new streaming online courses on compounding and advanced materials. Its Plastics Academy platform offers this training, which aims to improve professionals knowledge of the quickly changing field of polymer processing.
Recent Developments
- On 26 July 2024, LyondellBasell, which is a top company in terms of the chemical industry, revealed the launch of its latest Schulamid ET100 product line discoverable polyamide-based compound product. Source: LYB)
- On 24 September 2024, Americhem Healthcare, which is a top-recognized manufacturer and developer of custom color masterbatch, engineered compounds, functional additives, and performance technologies, magnified its efforts in Europe to assist material selection and medical device growth. (Source: Business Wire)
- On 22 May 2025, PPG disclosed its latest PPG EnviroLuxe Plus powder coatings which is a sustainable invention that mixes up to 18% post-industrial recycled plastic and is produced without the usage of per- and polyfluoroalkyl substances that is crafted to match the involving demand of environmentally friendly producers, this product displays PPGs current loyalty to performance and sustainability. (Source: ChemAnalyst)
- On 22 May 2025, STEER World revealed the iSeries, which is the latest twin-screw extruder platform crafted for India rising plastics industry as it serves scalable, smart, and cost-effective compounding solutions. (Source: Manufacturing Today India)
- In May 2024, a subsidiary of Cortec® Corporation, EcoCortec is pleased to announce the launch of its state-of-the-art compounding operations for bio-resins. Using high-tech and modern compounding lines in its polymer processing facility. EcoCortecs compounding line will ensure the highest film quality film for the plants customers. Launching compounding operations at the Croatian plant in Beli Manastir offers numerous benefits for both EcoCortec® and its European licensees and distributors.
- In February 2024, the Synnergy-brand compounds for industrial and medical applications were launched by Peak Performance Compounding Inc. The new materials are a custom line of low-friction compounds for single and dual-layer tube extrusion, injection molding, and blow molding applications.
- In October 2023, a new mechanical recycling compounding line for polycarbonates in Shanghai, China, was started by Covestro, a Germany-based polycarbonate manufacturer. It has an annual processing capacity of 25000 tons.
- In May 2024, compounding operations for VpCI polymers and bio-resins were launched by EcoCortec, a subsidiary of Cortec Corporation. They will give the highest film quality to the plants customers.
- In June 2024, a semi-commercial demonstration line for rPO (recycled polyolefins) compounding in Beringen, Belgium was launched by Borealis. This advanced technology line converts mechanically recycled post-consumer waste into premium-grade rigid polyethylene (PE) and polypropylene (PP) materials.
- In June 2024, the start-up of the additional production line at the Dalian site of its ATS (advanced polymer solutions) business or polypropylene (PP) compounding production expanded in China by LYB (LyondellBasell). The new production line helps to produce a high range of high-quality and high-performance polypropylene compounds, mainly for the automotive industry.
Top Companies in Plastic Compounding Market:
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