| Market revenue in 2023 | USD 4,016.3 million |
| Market revenue in 2030 | USD 7,797.5 million |
| Growth rate | 9.9% (CAGR from 2024 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Thermoplastic Vulcanizates (TPV) |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 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), Acrylonitrile Butadiene Systems (ABS), Other Product |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DL Holdings Group Ltd, LyondellBasell Industries NV Class A, DuPont de Nemours Inc, Asahi Kasei Corp, Covestro AG, Washington Penn, Ascend Performance Materials, Kuraray Co Ltd, Arkema SA, Teijin Ltd, Lanxess AG, Solvay SA, Ravago |
Growing urbanization, increasing health consciousness, and raising awareness regarding the environment is expected to augment demand for plastic compounding in the various application sectors during the forecast period.
The Indian government has increased its percentage spending on infrastructural development and is focusing on improving manufacturing facilities as a part of its "Make in India" campaign. Strong economic growth coupled with approval of 100% FDI by the government, high standard of living, rapid urbanization and smart city projects, and cheap labor is anticipated to spur end-use industries including general industry, consumer goods and automotive over the forecast period.
However, poor domestic demand for automotive in the country, resulting from the cut on discretionary spending by consumers, weak consumer sentiment, and drop in the demand from export destinations due to the COVID-19 outbreak, is expected to impact the growth of end-use industries such as automotive, electrical & electronics, consumer goods and others in the country.
Key Regions:U.S., UK, Japan, Brazil, South Korea
Publish Date: Apr 09, 2026
Last Updated: Aug 26, 2026
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| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| Dow Inc | View profile | 35,900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | www.dow.com |
| Asahi Kasei Corp | View profile | 48,897 | 1-105 Kanda Jinbocho, Chiyoda-ku, Tokyo, Japan, 101-8101 | www.asahi-kasei.co.jp |
| Arkema SA | View profile | 11,039 | 420 rue d’Estienne d’Orves, Colombes, France, 92700 | www.arkema.com |
| Kuraray Co Ltd | View profile | 13,161 | Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, Japan, 100-8115 | www.kuraray.co.jp |
| Covestro AG | View profile | 17,520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | www.covestro.com/en |
| LyondellBasell Industries NV Class A | View profile | 20,000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | www.lyondellbasell.com |
| DuPont de Nemours Inc | View profile | 24,000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | www.dupont.com |
| Teijin Ltd | View profile | 24,499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | www.teijin.co.jp |
| Solvay SA | View profile | 9,000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | www.solvay.com |
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Plastic Compounding Market Outlook will help companies and investors design strategic landscapes.
Polypropylene (Pp) was the largest segment with a revenue share of 30.88% in 2023.
Horizon Databook has segmented the India plastic compounding market based on 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), acrylonitrile butadiene systems (abs), other product covering the revenue growth of each sub-segment from 2019 to 2030.
Growing urbanization, increasing health consciousness, and raising awareness regarding the environment is expected to augment demand for plastic compounding in the various application sectors during the forecast period.
The Indian government has increased its percentage spending on infrastructural development and is focusing on improving manufacturing facilities as a part of its "Make in India" campaign. Strong economic growth coupled with approval of 100% FDI by the government, high standard of living, rapid urbanization and smart city projects, and cheap labor is anticipated to spur end-use industries including general industry, consumer goods and automotive over the forecast period.
However, poor domestic demand for automotive in the country, resulting from the cut on discretionary spending by consumers, weak consumer sentiment, and drop in the demand from export destinations due to the COVID-19 outbreak, is expected to impact the growth of end-use industries such as automotive, electrical & electronics, consumer goods and others in the country.
Horizon Databook provides a detailed overview of country-level data and insights on the India Plastic Compounding Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Plastic Compounding Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
