Automotive Plastic Compounding Manufacturers and Market Growth
The global automotive plastic compounding market size to rise from USD 3.73 billion in 2025 to USD 6.57 billion by 2034. Asia Pacific dominated the automotive plastic compounding market in 2023 and North America is expected to grow at a significant rate in the market during the forecast period.
New Advancements in Automotive Plastic Compounding Industry
- In July 2024, LyondellBasell, leading chemical company announced the introduction of its new Schulamid ET100 product line, a ground-breaking polyamide-based compound. This new technology, which is intended for vehicle interior structural solutions like door window frames, demonstrates LYB's innovative capabilities in engineered polymers.
- In April 2024, LOTTE Chemical is set to transform the traditional paradigms of vehicle design with their innovative translucent polypropylene (PP) compound solution. High light transmittance and reduced haze are only two of the remarkable qualities that set this novel product apart from conventional PP compounds. In the context of the automotive industry's transition to electric cars (EVs) and autonomous driving technologies, it is anticipated to usher in a new era of intelligent integrated design solutions. Particularly when it comes to designing external systems like grills and bumpers, the translucent PP compounds provide previously unheard-of possibilities. These ideas aim to improve the overall design aesthetics of automobiles by incorporating sensors and hidden lighting to produce visually appealing effects.
- In May 2024, With certified sustainable materials, Cabot Corporation has introduced its new REPLASBLAK universal circular black masterbatches. this launch. As the first universal circular black masterbatches in the industry with content approved by the International Sustainability & Carbon Certification (ISCC PLUS), Cabot has unveiled two new products that will be launched. Powered by EVOLVE Sustainable Solutions, the new REPLASBLAK universal circular black masterbatches will allow Cabot to keep providing the high-performance, quality, and dependability that the plastics industry needs at scale for certified circular solutions. Advanced sustainable solutions that promote a circular economy and lower greenhouse gas (GHG) emissions are becoming increasingly necessary as a result of the worldwide shift toward a lower carbon future.
Automotive Plastic Compounding Market Key Players
Latest Announcements by Automotive Plastic Compounding Industry Leaders
- In June 2024, Advanced Products & Mobility, Commercial Excellence & Business Intelligence, Shanila Baseley, Global Commercial Vice President at Borealis, stated, strong collaborations and creative thinking are needed to hasten the shift to a circular economy. As another proof of the Borealis company’s dedication to reimagining necessities for sustainable living, the Borealis company is pleased that the Borealis company’s partnership with Plastivaloire and Stellantis in the spirit of EverMinds has produced this noteworthy advancement in the automotive industry's sustainability.
