1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Plastic Market Trends

US Custom Thermoplastic Compounding Industry

  • October 2015
  • 308 pages
  • Freedonia
Report ID: 1108965

Summary

Table of Contents

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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Amrita helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Engineering Plastics Market, Mordor Intelligence LLP

  • $ 7500
  • Industry report
  • July 2017
  • by Mordor Intelligence LLP

The global engineering plastics market was valued at USD XX million in 2016 and is expected to reach USD XX million by 2021, growing at a CAGR of XX% during the forecast period (2016-2021). Engineering ...

Masterbatch Market by Type, Polymer, Application - Global Forecast to 2022

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

The global masterbatch market is projected to grow at a CAGR of 5.1% from 2017 to 2022 The global masterbatch market is projected to reach USD 13.41 billion by 2022, at a CAGR of 5.1% from 2017 to 2022. ...

Non-phthalate Plasticizer Market by Type, Application, and Region - Global Forecasts to 2022

  • $ 5650
  • Industry report
  • June 2017
  • by MarketsandMarkets

“Implementation of stringent regulations pertaining to the use of phthalate plasticizers is a key factor expected to drive the growth of the non-phthalate plasticizer market” The market size of non-phthalate ...


Download Unlimited Documents from Trusted Public Sources

Thermoplastic Industry in Austria

  • August 2017
    6 pages
  • Thermoplastic  

    Injection Moldi...  

  • Austria  

View report >

Natural Gas Industry in Malaysia

  • June 2017
    2 pages
  • Plastic  

    Thermoplastic  

  • Malaysia  

    Asia  

    Singapore  

View report >

Polystyrene Markets in the US - Forecast

  • June 2017
    5 pages
  • Food Services  

    Polystyrene  

    Thermoplastic  

  • United States  

View report >

Related Market Segments :

Thermoplastic

ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.