BRIC Automotive Plastics Market, By Product Type (Polypropylene (PP), Polyurethane (PU), Poly carbonates (PC), Polyvinyl chloride (PVC), Acrylonitrile Butadiene Styrene (ABS), Others), By Application (Interior, Exterior, Under Bonnet), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Distribution Channel (OEM, Aftermarket), By Country (Brazil, Russia, India, China) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Automotive plastics are used in passenger vehicles and commercial vehicles owing to benefits offered which includes extended shelf-life of the automotive components, enhanced safety, less corrosion, and makes vehicle fuel-efficient. Various type of plastics used for automotive components include Polypropylene (PP), Polyurethane (PU), Poly carbonates (PC), Polyvinyl chloride (PVC), Acrylonitrile butadiene styrene (ABS), and others. Automotive plastics find its application in manufacturing of interior, exterior, and under bonnet parts of the vehicle.
Market Dynamics
Based on product type, BRIC automotive plastics market is segmented into polypropylene, polyurethane, poly carbonates, polyvinyl chloride, acrylonitrile butadiene styrene, and others. In 2021, polypropylene accounted for the largest revenue share and contributed for 32.6% in the same year, followed by polyurethane and acrylonitrile butadiene styrene.
On the basis of distribution channel, the market for automotive plastics is divided into OEM and aftermarket. Wherein, OEM (Original Equipment Manufacturer) segment accounted for the large chunk of the market and contributed for 90.5% in the BRIC automotive plastics market in 2021, followed by aftermarket.
BRIC automotive plastics market was valued at US$ 20,082.9 Mn in terms of value in 2021. China held for the significant market share of 61.8% in terms of value in 2021, followed by Brazil and India. China automotive plastics market is predicted to expand attributing to flourishing automotive industry in the country during the forecast period (2019 to 2027).
Key features of the study:
This report provides in-depth analysis of BRIC Automotive Plastics market and provides market size (US$ million & Thousand Kg) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, country outlook, and competitive strategy adopted by the leading players
It profiles leading players in the BRIC Automotive Plastics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study includes, Bayer Material Science, Lynodell Basell, Dow Chemicals Company, PolyPlastics Group, Sibur, China XD Plastics Company Ltd., and Saudi Basic Industries Corporation (SABIC)
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future products launches, technology up-gradation, market expansion, and marketing tactics
The BRIC Automotive Plastics market report caters to various stakeholders in this industry including investors, suppliers, functional food manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the BRIC Automotive Plastics market
Detailed Segmentation:
BRIC Automotive Plastics Market, By Product Type:
Polypropylene (PP)
Polyurethane (PU)
Poly carbonates (PC)
Polyvinyl chloride (PVC)
Acrylonitrile Butadiene Styrene (ABS)
Others
BRIC Automotive Plastics Market, By Application:
Interior
Exterior
Under Bonnet
BRIC Automotive Plastics Market, By Vehicle Type:
Passenger Vehicles
Commercial Vehicles
BRIC Automotive Plastics Market, By Distribution Channel:
OEM
Aftermarket
BRIC Automotive Plastics Market, By Country:
Brazil
By Product Type
Polypropylene (PP)
Polyurethane (PU)
Poly carbonates (PC)
Polyvinyl chloride (PVC)
Acrylonitrile Butadiene Styrene (ABS)
Others
By Application
Interior
Exterior
Under Bonnet
By Vehicle Type
Passenger Vehicles
Commercial Vehicles
By Distribution Channel
OEM
Aftermarket
Russia
By Product Type
Polypropylene (PP)
Polyurethane (PU)
Poly carbonates (PC)
Polyvinyl chloride (PVC)
Acrylonitrile Butadiene Styrene (ABS)
Others
By Application
Interior
Exterior
Under Bonnet
By Vehicle Type
Passenger Vehicles
Commercial Vehicles
By Distribution Channel
OEM
Aftermarket
India
By Product Type
Polypropylene (PP)
Polyurethane (PU)
Poly carbonates (PC)
Polyvinyl chloride (PVC)
Acrylonitrile Butadiene Styrene (ABS)
Others
By Application
Interior
Exterior
Under Bonnet
By Vehicle Type
Passenger Vehicles
Commercial Vehicles
By Distribution Channel
OEM
Aftermarket
China
By Product Type
Polypropylene (PP)
Polyurethane (PU)
Poly carbonates (PC)
Polyvinyl chloride (PVC)
Acrylonitrile Butadiene Styrene (ABS)
Others
By Application
Interior
Exterior
Under Bonnet
By Vehicle Type
Passenger Vehicles
Commercial Vehicles
By Distribution Channel
OEM
Aftermarket
Company Profiles
Bayer Material Science*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Lynodell Basell
Dow Chemicals Company
PolyPlastics Group
Sibur
China XD Plastics Company Ltd.
Saudi Basic Industries Corporation (SABIC)
“*” marked represents similar segmentation in other categories in the respective section.
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