Germany Plastic Compounds Market Analysis

Germany Plastic Compounds Industry Analysis

Type Insights

• Polypropylene will dominate the market by contributing 30% revenue in 2024 because it can be processed by using any of the thermoplastic processing methods, which include extrusion blow-molding, general-purpose extrusion, and injection-molding.
• Due to this, it is widely used in packaging, automotive parts, and other applications.
• The polyvinyl chloride category is expected to witness a CAGR of 7.6% in 2024−2030 because it is a high-strength thermoplastic material used in several applications, such as medical devices, pipes, and wire & cable insulation.
• Polyvinyl chloride is ideal for several long-lasting and outdoor-use products due to its electrical resistance, flame retardance, mechanical qualities, durability, and chemical resistance.

The types covered in the report include:

• Polyvinyl Chloride (Fastest-Growing Category)
• Polypropylene (Largest Category)
• Polyethylene
• Polycarbonate
• Polystyrene
• Polyamides
• Polyethylene Terephthalate
• Polyurethane
• Acrylonitrile Butadiene Styrene
• Others

Source Insights

• The fossil-based category will dominate the market by contributing 55% revenue in 2024.
• This is due to the major utilization of petrochemical-based plastics in major industries, such as automotive, building & construction, medical devices, and packaging.
• Moreover, compared to the production of bio-based plastics, the petrochemical process, which creates polymers from fossil fuels, is more convenient and cost-effective for producers.
• The recycled category is expected to witness a CAGR of 7.6% in 2024−2030.
• This is because the plastic minimizes the environmental impact of creating virgin polymers and plastic pollution, as well as helping in preserving natural resources.
• Post-consumer or post-industrial plastic trash is processed and reused to manufacture these resins.
• The process includes collection, sorting, shredding, washing, separation, and identification. Various additives are added during the compounding phase as per the required performance across applications.

The following sources are included in the report:

• Fossil-Based (Largest Category)
• Bio-Based
• Recycled (Fastest-Growing Category)

Applications Insights

• The automotive category will hold the largest market share, in 2024 due to the presence of automotive brands such as BMW, Mercedes-Benz, and Volkswagen.
• These plastic compounds are used as a lightweight material which helps to reduce the overall weight of the vehicles.
• Additionally, these materials are required to meet strict safety, durability, and aesthetic standards.
• The packaging category is expected to witness a CAGR of 7.6% in 2024−2030 because packing is one of the important steps in the preservation and transportation of goods.
• Packaging companies cater to a range of retail, institutional, and industrial customers.
• The changing consumer lifestyles due to increasing disposable incomes have increased the use of plastic compounds in packaging products.
• Airtight plastic packaging is an essential component for preserving and protecting perishable goods and guaranteeing their safe transportation.
• The German packaging industry generates approximately EUR 32.5 billion (USD 35.1 billion) revenue in 2023.
• The demand for plastic products, including caps & closures, transport crates, bottles, films & special films, and containers & drums, is expected to increase during the forecast period.

The applications included in this report are:

• Automotive (Largest Category)
• Packaging (Fastest-Growing Category)
• Electrical & Electronics
• Building & Construction
• Medical & Healthcare
• Consumer Goods
• Others