Plastic Compounding Market Overview
The global plastic compounding market was valued at USD 67.17 billion in 2023 and is expected to reach USD 112.08 billion by 2030, expanding at a CAGR of 7.4% from 2024 to 2030. Market growth is largely driven by the increasing replacement of traditional materials such as natural rubber, wood, metals, glass, and concrete with plastics across multiple industries.