Key Findings
The Europe plastic compounding market is predicted to record a CAGR of 4.90% in terms of volume and 6.58% in terms of revenue during the estimated years of 2021 to 2028. Some of the key factors accredited to the market growth of the region constitute the increasing need for green building activities, in addition to the rising demand for electric vehicles.

Market Insights
The Europe plastic compounding market growth assessment includes the analysis of Italy, Belgium, France, the United Kingdom, Russia, Poland, Germany, and the rest of Europe. Italy harbors a healthy market for plastic compounding and exhibits solid growth. Plastic compounding is largely utilized for elegant home appliances, consumer products, and packaging across the country. In addition, Italy is also a prominent exporter of polystyrene and polypropylene products. Automotive is a major industry sector in the country, with its supply chain comprising more than 274,000 employees (direct and indirect) and 5,500 companies.
On the other hand, the market in Russia is moving out of the trough for rubber, plastics, as well as packaging industries and related process sectors. As a result, the nation possesses a significant interest in high-tech materials, production plants, and modern machinery. Furthermore, this aspect applies to the demand for plastic processing equipment and packaging technologies, as well. Therefore, the factors mentioned above are set to reinforce the plastic compounding market growth in Europe over the forecasted period.

Competitive Insights
Leading firms operating in the market are LyondellBasell Industries NV, Covestro AG, Lanxess AG, 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