Key Findings
The Asia-Pacific plastic compounding market is projected to advance with a CAGR of 4.68% in terms of volume and 6.45% in terms of revenue during the forecast period of 2021 to 2028. The regional market’s growth is mainly attributed to the surge in construction activities, the rising economic development as well as the increasing number of people migrating to urban areas, the demand for infrastructural improvement, and the augmenting manufacturing industry.

Market Insights
The Asia-Pacific plastic compounding market growth assessment includes the analysis of South Korea, Australia & New Zealand, India, Japan, Indonesia, Vietnam, China, Thailand, and the rest of the Asia-Pacific. The automotive industry in India is continually witnessing a positive growth trend. The manufacture of the overall motor vehicles in the country, including commercial vehicles, passenger vehicles, two-wheelers, three-wheelers, and quadricycle, observed significant growth of 14.78% in FY 2018, compared to FY 2017. The main reason for the development is the production activities initiated by key manufacturers, such as Bajaj, Honda, and Royal Enfield.
Presently, Indonesia is the second-largest automotive producer across the ASEAN region, following Thailand. However, the country’s automotive industry recorded a negative year in 2020, with the production of vehicles depreciating by 4%. Nevertheless, the Indonesian government is expecting increased domestically manufactured car exports, primarily since the implementation of the ASEAN Economic Community (AEC). As a result, these factors are set to promote the plastic compounding market in the Asia-Pacific over the forecasting years.

Competitive Insights
Some of the leading firms operating in the market are Teijin Limited, BASF SE, Asahi Kasei Corporation, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments