[Start of Market Research Report Handling] World Market Report on Plastic Compounds 2023-2030

The global market for plastic compounds, estimated at 75.8 billion USD in 2023, is projected to grow at a CAGR of 6.6% during the analysis period from 2023 to 2030, reaching 118.3 billion USD by 2030. One of the segments analyzed in this report, polypropylene compounds, is expected to record a CAGR of 6.3%, reaching 35.1 billion USD by the end of the analysis period. The growth rate in the polyethylene compounding sector is estimated to be a CAGR of 6.3% during the analysis period.
The plastic compounding market in the United States is estimated to be 19.8 billion USD in 2023. China, the world's second-largest economy, is projected to follow a CAGR of 9.9% during the analysis period from 2023 to 2030, reaching a market size of 27.8 billion USD by 2030. Other notable regional markets include Japan and Canada, with projected CAGRs of 4.0% and 5.4%, respectively, during the analysis period. In Europe, Germany is expected to grow at a CAGR of 4.9%.
■ Issued by
Global Industry Analysts, Inc.

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