Custom Thermoplastic Compounding to 2017

Published: February 2013
No. of Pages: 285
   

This study analyzes the US independently custom thermoplastic compounding industry. It presents historical demand data for 2002, 2007 and 2012, with forecasts for 2017 and 2022 by resin (e.g., polyvinyl chloride, engineering thermoplastics, polypropylene, polyethylene) and market (e.g., construction, motor vehicles, consumer and institutional). The study also considers key market environment factors, evaluates company market share and profiles 36 industry competitors, including Ampacet, DuPont, and PolyOne.

US demand to surpass 11 billion pounds in 2017

US demand for custom compounded thermoplastics is forecast to surpass 11 billion pounds in 2017, valued at over $14 billion (resin content only). The total value of custom thermoplastic compounding, including resins, additives, fillers, and other production costs, will reach more than $18 billion at that time. Advances will be fueled by ongoing efforts among custom compounders to develop new and innovative products that will broaden the range of applications for thermoplastics, making them more competitive with alternative materials.

Advances will also be propelled by strong growth in the large construction and motor vehicle markets, which are expected to rebound from the 2007-2009 recession. The expansion of the construction and motor vehicle industries will also promote demand in the wire and cable sector, where thermoplastics serve as insulation and/or jacketing. In the consumer and institutional market, health care applications will see rapid gains, with catheters and medical devices used for drug delivery representing key areas of growth.

Construction market to offer best growth prospects    

Construction is anticipated to offer the best prospects, as it was just beginning to emerge from its post-recession trough in 2012, leaving significant room for expansion going forward. Gains in the pipe and fittings segment will be supported by plastic pipe’s competitive cost structure, light weight, corrosion resistance  long service life, and lower installed costs relative to competitive materials. Thermoplastic compounds also find favor in applications such as decking, fencing, siding, and windows due to a number of  advantages over traditional wood products, including greater durability and lower maintenance requirements. However, pipe and siding processors frequently perform commodity compounding in-house, thus restricting opportunities for custom compounders.

Demand for thermoplastics used in motor vehicle parts and components will be driven by ongoing efforts on the part of automakers to comply with increasingly stringent fuel economy standards. This will generate demand for thermoplastics that can be used in place of metals to help reduce vehicle weight. Compounded plastics will also benefit from their  durability, design flexibility, and relatively low cost. In particular, long glass fiber reinforced polypropylene (LGFPP) is making significant inroads, serving as an alternative to steel in semi-structural applications and also expanding into aesthetic and under-hood uses.

PVC is largest, fastest growing compounding resin

Polyvinyl chloride (PVC) represents the largest, fastest growing resin in the custom thermoplastic compounding market. Advances will be based on the dominance of PVC in the rebounding construction market, where it is widely used for pipes, fittings, and siding. Risingconstruction activity will also create substantial opportunities for polyethylene in areas such as pipe, decking, and vapor barriers. Healthy gains are also anticipated for polypropylene, engineering thermoplastics, and thermoplastic elastomers, with each deriving strength from the motor vehicle market, where they are valued for their ability to reduce vehicle weight and cut costs while providing enhanced aesthetics and innovative design features.

Company Profiles

Company Profiles for 36 competitors in the US industry, including Ampacet, DuPont, Mitsui Chemicals, and PolyOne

Additional Information

This study covers the US market for custom thermoplastic compounding. Historical (2002, 2007, and 2012) data and forecasts for the years 2017 and 2022 are presented by resin type and market. Compounding is defined as the mechanical mixing of one or more resins and one or more other additives, with the different components combining to form a new material possessing performance properties and other characteristics different from the original constituent components. This study covers thermoplastics compounded by resin producers and independent compounders, but not processors/end users. In-line incorporation of additives during the resin production process is also excluded. The report does not include thermoset resins or compounds, as these materials require totally different processing methods and are essentially a completely separate product family from thermoplastic materials. With respect to thermoplastic elastomers (TPEs), this study includes the compounding of TPEs with additives for use in particular applications, and excludes the compounding involved in the actual production of TPEs. Additive and color concentrates are included within the context of this study.

Data are stated in pounds unless otherwise noted, reflect the weight of individual resins alone, and do not include other materials added during the compounding process such as other polymers, fillers, or other additives. The term “demand” is used synonymously with “consumption” and equals production plus imports, minus exports. Throughout this study demand is related to various indicators for comparative purposes and to facilitate further analysis. Tabular details may not add to totals due to independent rounding, and calculated ratios reflect unrounded numbers. The macroeconomic indicators used in this study were obtained from The Freedonia Group Consensus Forecasts dated December 2012. Due to the Bureau of Economic Analysis’ use of chain-weighted price indices, inflation-adjusted gross domestic product components (2005 dollars) do not add to the total.

Custom Thermoplastic Compounding to 2017

Table Of Contents

Introduction IX

I. Executive Summary 1

II. Market Environment 4
General 4
Macroeconomic Overview 5
Demographic Trends 8
Manufacturing Outlook 12
Thermoplastics Overview 15
Thermoplastic Resins 17
Thermoplastic Elastomers 19
Thermoplastic Compounding Overview 20
Historical Market Trends 22
Pricing Trends 24
Regulatory Considerations 26
Recycling Activity 28
International Activity 32

III. Resins 34
General 34
Polyvinyl Chloride 37
Characteristics & Producers 38
Markets 41
Engineering Thermoplastics 46
Characteristics & Producers 49
Markets 53
Nylon 57
Acrylonitrile-Butadiene-Styrene 59
Polycarbonate 60
Other Engineering Thermoplastics 63
Polypropylene 64
Characteristics & Producers 65
Markets 67
Polyethylene 71
Characteristics & Producers 72
Markets 73
Thermoplastic Elastomers 76
Characteristics & Producers 77
Markets 79
Polystyrene 83
Characteristics & Producers 84
Markets 85
Other Thermoplastic Resins 88
Characteristics & Producers 89
Markets 90

IV. Markets 93
General 93
Construction 95
Building Construction Outlook 96
Resins 98
Applications 102
Pipe & Fittings 103
Siding, Windows, & Doors 105
Other Uses 107
Motor Vehicles 107
Motor Vehicle Outlook 108
Resins 111
Engineering Thermoplastics 113
Polypropylene 115
Thermoplastic Elastomers 116
Other Resins 118
Applications 118
Interior 119
Engine & Mechanical 121
Structural & Exterior 122
Consumer & Institutional 123
Consumer Spending Outlook 124
Resins 127
Polyvinyl Chloride 130
Polypropylene 131
Engineering Thermoplastics 131
Thermoplastic Elastomers 132
Other Resins 133
Applications 133
Electrical & Electronic Equipment 136
Electrical & Electronic Equipment Outlook 137
Resins 139
Applications 144
Insulated Wire & Cable 147
Insulated Wire & Cable Outlook 148
Resins & Applications 149
Other Markets 154
Packaging 155
Packaging Industry Outlook 156
Resins & Applications 158
Appliances 162
Appliance Industry Outlook 163
Resins & Applications 165
Machinery 169
Machinery Outlook 169
Resins & Applications 171
All Other Markets 174

V. Industry Structure 177
General 177
Market Share 180
Acquisitions & Divestitures 184
Types of Compounders 188
Processors 190
Independent Compounders 190
Resin Producers 191
Marketing Strategies 191
Channels of Distribution 193
Research & Development 194
Competitive Strategies 196
Cooperative Agreements 197

V Company Profiles 200
Accel Color, see Techmer PM
Adell Plastics Incorporated 201
Advanced Composites, see Mitsui Chemicals Americhem Incorporated 202
AMETEK Incorporated 205
Ampacet Corporation 207
Asahi Kasei Corporation 209
Axiall Corporation 211
BASF SE 213
Bayer AG 217
Berkshire Hathaway Incorporated 219
Celanese Corporation 222
Citadel Plastics Holdings Incorporated 224
Clariant International Limited 226
ColorMatrix Group, see PolyOne Dover Chemical, see ICC Industries Dow Chemical Company 228
Dow Corning Corporation 231
DuPont (EI) de Nemours 232
ECM Plastics, see Schulman (A.) Equistar Chemicals, see LyondellBasell Industries Exxon Mobil Corporation 234
Ferro Corporation 236
ICC Industries Incorporated 239
ICO, see Schulman (A.) Kraton Performance Polymers Incorporated 241
LANXESS AG 243
Lubrizol, see Berkshire Hathaway LyondellBasell Industries NV 245
Matrixx Group, see Citadel Plastics Holdings Mitsui Chemicals Incorporated 248
Multibase, see Dow Corning O’Neil Color & Compounding, see ICC Industries PolyOne Corporation 250
Ravago SA 257
RheTech Incorporated 260
Royal DSM NV 261
RTP Company 263
SABIC Innovative Plastics US, see Saudi Basic Industries Saudi Basic Industries Corporation 265
Schulman (A.) Incorporated 267
Shin-Etsu Chemical Company Limited 272
Shintech, see Shin-Etsu Chemical Spartech Corporation 273
Standridge Color Corporation 275
Techmer PM LLC 276
Teknor Apex Company 278
3M Company 282
Ticona, see Celanese Washington Penn Plastic Company Incorporated 284
Westchester Plastics, see AMETEK

List Of Figures

Section I -- Executive Summary
Summary Table 3

Section II -- Market Environment
1 Macroeconomic Indicators 8
2 Population & Households 12
3 Manufacturers’ Shipments 15
4 Thermoplastics & Thermoplastic Elastomers Demand 16
5 Thermoplastic Compounding Market, 2002-2012 23
6 Thermoplastic Compounds Pricing 26

Section III -- Resins
1 Compounded Thermoplastics Demand by Resin 36
2 Compounded Polyvinyl Chloride Demand 38
3 Compounded Polyvinyl Chloride Demand by Market 45
4 Compounded Engineering Thermoplastics Demand 49
5 Compounded Engineering Thermoplastics Demand by Market 56
6 Compounded Polypropylene Demand 65
7 Compounded Polypropylene Demand by Market 70
8 Compounded Polyethylene Demand 72
9 Compounded Polyethylene Demand by Market 75
10 Compounded Thermoplastic Elastomers Demand 77
11 Compounded Thermoplastic Elastomers Demand by Market 82
12 Compounded Polystyrene Demand 84
13 Compounded Polystyrene Demand by Market 87
14 Other Compounded Thermoplastics Demand 89
15 Other Compounded Thermoplastics Demand by Market 92

Section IV -- Markets
1 Compounded Thermoplastics Demand by Market 94
2 Building Construction Expenditures 97
3 Construction Market for Compounded Thermoplastics by Resin 101
4 Construction Market for Compounded Thermoplastics by Application 103
5 Motor Vehicle Indicators 1116 Motor Vehicle Market for Compounded Thermoplastics by Resin 112
7 Motor Vehicle Market for Compounded Thermoplastics by Application 119
8 Personal Consumption Expenditures 127
9 Consumer & Institutional Market for Compounded Thermoplastics by Resin 129
10 Consumer & Institutional Market for Compounded Thermoplastics by Application 136
11 Electrical & Electronic Equipment Shipments 139
12 Electrical & Electronics Market for Compounded Thermoplastics by Resin 143
13 Electrical & Electronics Market for Compounded Thermoplastics by Application 146
14 Insulated Wire & Cable Shipments 149
15 Wire & Cable Market for Compounded Thermoplastics by Resin 153
16 Other Markets for Compounded Thermoplastics 155
17 Packaging Supply & Demand 158
18 Packaging Market for Compounded Thermoplastics by Resin 162
19 Appliance Shipments 164
20 Appliance Market for Compounded Thermoplastics by Resin 168
21 Machinery Shipments 171
22 Machinery Market for Compounded Thermoplastics by Resin 174
23 All Other Markets for Compounded Thermoplastics by Resin 176

Section V -- Industry Structure
1 US Sales of Selected Custom Thermoplastic Compounders by Company, 2012 178
2 Selected Acquisitions & Divestitures 186
3 Selected Cooperative Agreements 199

List Of Charts

Section II -- Market Environment
1 Thermoplastics & Thermoplastic Elastomers Demand by Type, 2012 17
2 Thermoplastic Compounding Market, 2002-2012 24

Section III -- Resins
1 Compounded Thermoplastics Demand by Resin, 2012 37
2 Compounded Polyvinyl Chloride Demand by Market, 2012 46
3 Compounded Engineering Thermoplastics Demand by Market, 2012 57
4 Compounded Polypropylene Demand by Market, 2012 71
5 Compounded Polyethylene Demand by Market, 2012 76
6 Compounded Thermoplastic Elastomers Demand by Market, 2012 83
7 Compounded Polystyrene Demand by Market, 2012 88

Section IV-- Markets
1 Compounded Thermoplastics Demand by Market, 2012 95
2 Construction Market for Compounded Thermoplastics by Resin, 2012 102
3 Motor Vehicle Market for Compounded Thermoplastics by Resin, 2012 113
4 Consumer & Institutional Market for Compounded Thermoplastics by Resin, 2012 130
5 Electrical & Electronics Market for Compounded Thermoplastics by Resin, 2012 144
6 Wire & Cable Market for Compounded Thermoplastics by Resin, 2012 154

Section V -- Industry Structure
1 US Custom Thermoplastic Compounding Market Share, 2012 181
2 Thermoplastic Compounding Industry Flowchart, 2012 189

Published By: Freedonia Group
Product Code: Freedonia Group191


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