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US Custom Thermoplastic Compounding Industry

  • October 2015
  • -
  • Freedonia
  • -
  • 308 pages

Study coverage

This industry offers historical demand data (2004, 2009, 2014) plus forecasts (2019, 2024) by resin (e.g., PVC, polypropylene) and market (e.g., motor vehicles, construction, wire and cable, electrical and electronics, and medical and consumer,). The study also considers market environment factors, evaluates company market share and profiles key US industry players.

US demand to rise 3.2% annually through 2019

US demand for custom compounded thermoplastics is forecast to rise 3.2 percent annually to 10.6 billion pounds in 2019, valued at nearly $19 billion (including resin, additive, fillers, and other production costs). Advances will be spurred mainly by growth in construction expenditures, which will rebound from the declines of the 2004-2014 period. Additionally, custom compounders will continue to make new technological advances to differentiate their products in the marketplace and widen their usage.
As compounding innovations continue, the percentage of thermoplastic demand that is custom compounded will increase.

For example, as producers strive to increase the compactness of their products and reduce material usage, demand has grown for materials that can provide good performance without adding to overall weight, and compounders have been quick to address these needs through new product development. Independent compounders are expected to grow in the markets where they are able to meet small volume and more particular needs. Larger compounders and resin producers will largely expand their presence in high volume and well-established markets

PVC to remain most compounded thermoplastic

Polyvinyl chloride will continue to be the most compounded thermoplastic, representing over one third of total demand in 2019, and will also expand at the fastest pace. This growth will be due primarily to rapid expansion in construction applications, where the resin is utilized in a myriad of products such as pipe and fittings, siding, windows and doors, wallcoverings, roofing, decking, fencing, and flooring. PVC’s light weight, strength, and abrasion resistance make it a versatile material in new construction and repairs. Polyethylene compounds will also grow rapidly, driven by rising demand in pipe applications and the wire and cable market.

Construction market to grow the most rapidly

Among all US markets for custom compounded thermoplastics, construction will grow the fastest -- nearly twice the pace as the next fastest growing market.
Strong growth in residential building activity will drive gains for compounds, while a rebound in nonresidential building spending will bolster demand. Compounded thermoplastics find many construction applications and will continue to replace metal, wood, and other traditional materials. PVC will remain the largest resin used in the construction market, while polyethylene will expand at the fastest rate, propelled by demand for pipe.

In the electrical and electronics market, the industry trend of miniaturization will continue to create demand for new compounded thermoplastics with improved performance characteristics. Medical applications will also grow rapidly due to increased healthcare spending and advances in medical products. Motor vehicles, the second largest market, will experiences lower growth, but will still provide strong opportunities for compounded thermoplastics that reduce vehicle weight and improve fuel economy.

Table Of Contents

US Custom Thermoplastic Compounding Industry
INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Overview 5
Demographic Trends 9
Consumer Spending Outlook 13
Manufacturing Outlook 16
Thermoplastics Overview 20
Thermoplastic Resins 22
Thermoplastic Elastomers 24
Thermoplastic Compounding Overview 25
Historical Market Trends 28
Pricing Trends 30
Regulatory Considerations 32
Recycling Activity 34
International Activity 38
III. RESINS 40
General 40
Polyvinyl Chloride 45
Characteristics and Producers 46
Markets 48
Engineering Thermoplastics 53
Characteristics and Producers 56
Markets 59
Acrylonitrile-Butadiene-Styrene 64
Nylon 66
Polycarbonate 68
Other Engineering Thermoplastics 70
Polypropylene 72
Characteristics and Producers 73
Markets 74
Polyethylene 79
Characteristics and Producers 80
Markets 82
Thermoplastic Elastomers 85
Characteristics and Producers 86
Markets 88
Polystyrene 92
Characteristics and Producers 93
Markets 94
Other Thermoplastic Resins 97
Characteristics and Producers 98
Markets 99
IV. MARKETS 102
General 102
Construction 105
Building Construction Outlook 106
Resins 108
Applications 112
Pipe and Fittings 113
Siding, Windows, and Doors 115
Other Uses 117
Motor Vehicles 117
Motor Vehicle Outlook 118
Resins 121
Polypropylene 123
Engineering Thermoplastics 124
Thermoplastic Elastomers 126
Other Resins 127
Applications 128
Interior 129
Engine and Mechanical 131
Structural and Exterior 133
Consumer and Medical 134
Consumer and Medical Products Outlook 135
Resins 137
Polypropylene 140
Polyvinyl Chloride 141
Engineering Thermoplastics 141
Thermoplastic Elastomers 142
Other Resins 143
Applications 143
Electrical and Electronic Equipment 147
Electrical and Electronic Equipment Outlook 148
Resins 151
Applications 156
Insulated Wire and Cable 159
Insulated Wire and Cable Outlook 160
Resins and Applications 162
Other Markets 167
Packaging 168
Packaging Industry Outlook 169
Resins and Applications 171
Appliances 175
Appliance Industry Outlook 175
Resins and Applications 177
Machinery 181
Machinery Outlook 182
Resins and Applications 183
All Other Markets 186
V. INDUSTRY STRUCTURE 190
General 190
Market Share 193
Acquisitions and Divestitures 198
Types of Compounders 201
Processors 204
Independent Compounders 204
Resin Producers 205
Marketing Strategies 205
Channels of Distribution 207
Research and Development 208
Competitive Strategies 210
Cooperative Agreements 212
Company Profiles 215
ACI Plastics Incorporated 216
Adell Plastics Incorporated 217
Advanced Composites, see Mitsui Chemicals
Amco Polymers, see Ravago
Americhem Incorporated 218
AMETEK Incorporated 221
Ampacet Corporation 223
Asahi Kasei Corporation 225
Axiall Corporation 227
BASF SE 229
Bayer AG 232
Berkshire Hathaway Incorporated 234
Celanese Corporation 237
Clariant International Limited 240
Covestro, see Bayer
Dover Chemical, see ICC Industries
Dow Chemical Company 242
Dow Corning Corporation 245
DuPont (EI) de Nemours 246
Equistar Chemicals, see LyondellBasell Industries
Exxon Mobil Corporation 248
Ferro Corporation 251
HEXPOL AB 253
HGGC Citadel Plastics Holdings, see Schulman (A.)
ICC Industries Incorporated 256
INEOS Group AG 258
Kraton Performance Polymers Incorporated 261
LANXESS AG 263
LTL Color Compounders, see Americhem
Lubrizol, see Berkshire Hathaway
Lucent Polymers, see Schulman (A.)
LyondellBasell Industries NV 265
Mitsui Chemicals Incorporated 268
Multibase, see Dow Corning
Network Polymers, see Schulman (A.)
O'Neil Color and Compounding, see ICC Industries
PolyOne Corporation 271
Portage Precision Polymers, see HEXPOL
Prime Colorants, see Schulman (A.)
Ravago SA 279
RheTech, see HEXPOL
Royal DSM NV 282
RTP Company 284
SABIC Innovative Plastics US, see Saudi Basic Industries
Saudi Basic Industries Corporation 286
Schulman (A.) Incorporated 288
Shin-Etsu Chemical Company Limited 294
Shintech, see Shin-Etsu Chemical
SO.F.TER SpA 296
Spartech, see PolyOne
Standridge Color Corporation 298
Styrolution Group, see INEOS Group
Techmer PM LLC 299
Teknor Apex Company 301
3M Company 305
TP Composites, see Techmer PM
Viking Polymers, see Teknor Apex
Washington Penn Plastic Company Incorporated 307
Westchester Plastics, see AMETEK

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 9
2 Population and Households 13
3 Personal Consumption Expenditures 16
4 Manufacturers' Shipments 20
5 Thermoplastics and Thermoplastic Elastomers Demand 21
6 Compounded Thermoplastics Market, 2004-2014 29
7 Thermoplastic Compounds Pricing 32
SECTION III -- RESINS
1 Compounded Thermoplastics Demand by Resin 43
2 Compounded Polyvinyl Chloride Demand 45
3 Compounded Polyvinyl Chloride Demand by Market 52
4 Compounded Engineering Thermoplastics Demand 56
5 Compounded Engineering Thermoplastics Demand by Market 63
6 Compounded Polypropylene Demand 72
7 Compounded Polypropylene Demand by Market 78
8 Compounded Polyethylene Demand 80
9 Compounded Polyethylene Demand by Market 84
10 Compounded Thermoplastic Elastomers Demand 86
11 Compounded Thermoplastic Elastomers Demand by Market 91
12 Compounded Polystyrene Demand 93
13 Compounded Polystyrene Demand by Market 96
14 Other Compounded Thermoplastics Demand 98
15 Other Compounded Thermoplastics Demand by Market 101
SECTION IV -- MARKETS
1 Compounded Thermoplastics Demand by Market 104
2 Building Construction Expenditures 108
3 Construction Market for Compounded Thermoplastics
by Resin 111
4 Construction Market for Compounded Thermoplastics
by Application 113

5 Motor Vehicle Indicators 121
6 Motor Vehicle Market for Compounded Thermoplastics
by Resin 122
7 Motor Vehicle Market for Compounded Thermoplastics
by Application 129
8 Consumer and Medical Product Indicators 137
9 Consumer and Medical Market for Compounded
Thermoplastics by Resin 139
10 Consumer and Medical Market for Compounded
Thermoplastics by Application 146
11 Electrical and Electronic Equipment Shipments 151
12 Electrical and Electronics Market for Compounded
Thermoplastics by Resin 155
13 Electrical and Electronics Market for Compounded
Thermoplastics by Application 159
14 Insulated Wire and Cable Shipments 162
15 Wire and Cable Market for Compounded Thermoplastics
by Resin 166
16 Other Markets for Compounded Thermoplastics 168
17 Packaging Supply and Demand 171
18 Packaging Market for Compounded Thermoplastics by Resin 174
19 Appliance Shipments 177
20 Appliance Market for Compounded Thermoplastics by Resin 181
21 Machinery Shipments 183
22 Machinery Market for Compounded Thermoplastics by Resin 186
23 All Other Markets for Compounded Thermoplastics by Resin 189
SECTION V -- INDUSTRY STRUCTURE
1 US Sales of Selected Custom Thermoplastic Compounders
by Company, 2014 192
2 Selected Acquisitions and Divestitures 200
3 Selected Cooperative Agreements 213

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 Thermoplastics and Thermoplastic Elastomers Demand by Type,
2014 22
2 Compounded Thermoplastics Market, 2004-2014 30
SECTION III -- RESINS
1 Compounded Thermoplastics Demand by Resin, 2014 44
2 Compounded Thermoplastics Share of Total Thermoplastics
Demand by Resin, 2014 44
3 Compounded Polyvinyl Chloride Demand by Market, 2014 53
4 Compounded Engineering Thermoplastics Demand by Market,
2014 64
5 Compounded Polypropylene Demand by Market, 2014 79
6 Compounded Polyethylene Demand by Market, 2014 85
7 Compounded Thermoplastic Elastomers Demand
by Market, 2014 92
8 Compounded Polystyrene Demand by Market, 2014 97
SECTION IV -- MARKETS
1 Compounded Thermoplastics Demand by Market, 2014 104
2 Compounded Thermoplastics Share of Total Thermoplastics
Demand by Market, 2014 105
3 Construction Market for Compounded Thermoplastics
by Resin, 2014 112
4 Motor Vehicle Market for Compounded Thermoplastics
by Resin, 2014 123
5 Consumer and Medical Market for Compounded Thermoplastics
by Resin, 2014 140
6 Electrical and Electronics Market for Compounded
Thermoplastics by Resin, 2014 156
7 Wire and Cable Market for Compounded Thermoplastics
by Resin, 2014 167
SECTION V -- INDUSTRY STRUCTURE
1 US Custom Thermoplastic Compounding Market Share, 2014 194
2 Thermoplastic Compounding Industry Flowchart, 2014 203

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