Pro
0306090120USD Million20222023202420252026
Automotive
Building & Construction
Electrical & Electronics
Others
Packaging
Chemicals & Materials
Global Plastic Compounding Market By End-Use Industry
| Label | North America | United States | Canada |
|---|---|---|---|
| 2016 | 1416.00 USD Mn | 1088.90 USD Mn | 327.1 USD Mn |
| 2017 | 1423.50 USD Mn | 1093.30 USD Mn | 330.3 USD Mn |
| 2018 | 1440.20 USD Mn | 1104.60 USD Mn | 335.6 USD Mn |
| 2019 | 1466.30 USD Mn | 1123.20 USD Mn | 343.1 USD Mn |
| 2020 | 1502.30 USD Mn | 1149.20 USD Mn | 353.1 USD Mn |
| 2021 | 1548.80 USD Mn | 1183.20 USD Mn | 365.6 USD Mn |
| 2022 | 1606.60 USD Mn | 1225.70 USD Mn | 380.9 USD Mn |
| 2023 | 1676.90 USD Mn | 1277.60 USD Mn | 399.3 USD Mn |
| 2024 | 1761.00 USD Mn | 1339.90 USD Mn | 421.1 USD Mn |
| 2025 | 1860.60 USD Mn | 1413.80 USD Mn | 446.9 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
United States accounted for the larger market share in 2017 in the North America rubber vulcanization market, and is expected to reach USD 1413.80 Million in 2025 from USD 1093.30 Million in 2017. However, Canada is the fastest growing market, which is expected to grow at a CAGR of 4.18% during the forecast period 2018 - 2025. accelerators segment accounted for the largest market share in 2017, this market is expected to reach USD 810.60 Million in 2025 from USD 580.30 Million in 2017. This market is projected to grow at a CAGR of 4.58% during the forecast period from 2018 - 2025. automotive and transportation segment accounted for the largest market share in 2017, this market is expected to reach USD 1093.20 Million in 2025 from USD 835.20 Million in 2017. This market is projected to grow at a CAGR of 3.75% during the forecast period from 2018 - 2025.
However, consumer goods segment is the fastest growing market, which is expected to grow at a CAGR of 4.05% during the forecast period 2018 - 2025. sulfur vulcanization segment accounted for the larger market share in 2017, this market is expected to reach USD 1402.60 Million in 2025 from USD 1085.00 Million in 2017. This market is projected to grow at a CAGR of 3.59% during the forecast period from 2018 - 2025. However, others curing technique segment is the fastest growing market, which is expected to grow at a CAGR of 4.17% during the forecast period 2018 - 2025.
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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