Charts & StatsSep 2, 2026

Global Plastic Compounding market [2015-2023] by Asia Pacific

By Asia Pacific, the market is segmented into Asia Pacific, China, India, Japan, and Rest of Asia Pacific (2015-2023)

Author: Wantstats Research TeamSource: Wantstats Repository

Global Plastic Compounding market [2015-2023] by Asia Pacific — full underlying data
Label	Asia Pacific	China	India	Japan	Rest of Asia Pacific
2015	229723.10 USD Mn	97421.00 USD Mn	22477.00 USD Mn	29477.70 USD Mn	80347.40 USD Mn
2016	242372.80 USD Mn	103178.10 USD Mn	23752.50 USD Mn	30708.60 USD Mn	84733.50 USD Mn
2017	255831.00 USD Mn	109316.40 USD Mn	25111.40 USD Mn	32005.00 USD Mn	89398.20 USD Mn
2018	270612.10 USD Mn	116059.50 USD Mn	26604.70 USD Mn	33427.10 USD Mn	94520.80 USD Mn
2019	286803.80 USD Mn	123450.80 USD Mn	28241.50 USD Mn	34980.40 USD Mn	100131.20 USD Mn
2020	304229.10 USD Mn	131419.30 USD Mn	30005.20 USD Mn	36637.70 USD Mn	106167.00 USD Mn
2021	324136.50 USD Mn	140511.10 USD Mn	32019.60 USD Mn	38542.70 USD Mn	113063.10 USD Mn
2022	345399.90 USD Mn	150246.50 USD Mn	34174.50 USD Mn	40553.10 USD Mn	120425.80 USD Mn
2023	368114.90 USD Mn	160672.10 USD Mn	36480.10 USD Mn	42674.90 USD Mn	128287.70 USD Mn

Data Source: Wantstats Repository

Market Dynamics

China accounted for the largest market share in 2016 in the Asia Pacific plastic compounding market, and is expected to reach USD 160672.10 Million in 2023 from USD 103178.10 Million in 2016.This market is projected to grow at a CAGR of 6.63% during the forecast period from 2017 - 2023. polypropylene segment accounted for the largest market share in 2016, this market is expected to reach USD 117083.25 Million in 2023 from USD 74660.52 Million in 2016. This market is projected to grow at a CAGR of 6.73% during the forecast period from 2017 - 2023. However, polyethylene terephthalate segment is the fastest growing market, which is expected to grow at a CAGR of 7.53% during the forecast period 2017 - 2023. automotive segment accounted for the largest market share in 2016, this market is expected to reach USD 98816.44 Million in 2023 from USD 58896.59 Million in 2016. This market is projected to grow at a CAGR of 7.76% during the forecast period from 2017 - 2023.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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