Automotive Plastics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive Plastics Market
The Automotive plastics market size was valued at USD 40.91 billion in 2019. The market is projected to grow from USD 53.85 billion in 2027, exhibiting a CAGR of 5.3% during the forecast period of 2024-2032.
The COVID-19 pandemic had a widespread bad effect at the car plastics market due to disruptions in the automotive supply chain and reduced car manufacturing. Lockdowns and restrictions brought about factory closures and delays in raw fabric procurement, hindering the producing of automotive plastics. The monetary downturn because of the pandemic ended in reduced purchaser spending on motors, similarly, reducing call for. Additionally, fluctuations in oil expenses affected the price of plastic production, including to market demanding situations. With the enterprise’s awareness shifting to crucial operations, investments in studies and improvement of superior car plastics were additionally behind schedule, slowing marketplace increase.
A trend inside the car plastics market is the growing focus on sustainable and light-weight materials. Automakers are prioritizing eco-friendly plastics derived from renewable assets to reduce their carbon footprint and meet stringent environmental guidelines. Concurrently, lightweight plastics are gaining traction as they beautify fuel performance and assist the improvement of electric automobiles (EVs) by means of lowering vehicle weight. Advanced manufacturing strategies, including 3-D printing, also are being included to produce complex and customized plastic additives successfully. This shift towards sustainable, excessive-overall performance plastics highlights the enterprise's dedication to innovation and environmental duty within the evolving automotive landscape.
A key using element for the car plastics market is the growing call for lightweight vehicles to improve fuel efficiency and decrease emissions. As governments international put into effect stricter environmental regulations, automakers are more and more adopting plastics rather for heavier materials like metallic. Lightweight plastics assist lower the general weight of cars, improving overall performance and fuel financial system while helping the transition to electric vehicles (EVs) by means of extending battery range. Additionally, improvements in polymer era have led to excessive-power, long lasting plastics that meet protection requirements and aesthetic requirements, in addition fueling their adoption across indoors, outdoors, and under-the-hood programs in automobiles.
Comprehensive Analysis of Automotive plastics market
The Automotive plastics market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by type include polypropylene, polyurethane, polyamide, polyvinylchloride, acrylonitrile butadiene styrene, polycarbonate, polyethylene, and others, by application include interior, exterior, and under bonnet.
The North America location lead the Automotive plastics market share percentage via benefitting a marketplace size of USD 5.93 billion because China and India are the leading automotive manufacturing countries.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Arkema SA, BASF SE, Borealis AG, DuPont, DSM Engineering, Evonik Industries AG.
June2021: LyondellBasell and Neste have entered a protracted-time period industrial agreement for the delivery of Neste RE, a feedstock made from one hundred% renewable bio-based totally assets like residue oils, fats, and waste. Neste RE will be processed at LyondellBasell's Wesseling, Germany, plant the usage of superior cracking technology to provide polymers underneath the brand name CirculenRenew. This collaboration emphasizes the shift closer to sustainable production by using utilising renewable materials, lowering carbon emissions, and selling a circular economy. The polymers produced will cater to industries searching for eco-friendly answers, highlighting the groups’ commitment to innovation and environmental stewardship in the evolving landscape of sustainable materials.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion); Volume (Million Tons)
By Type
Polypropylene (PP)
Polyurethane (PU)
Polyamide (PA)
Polyvinyl Chloride (PVC)
Acrylonitrile Butadiene Styrene (ABS)
Polycarbonate (PC)
Polyethylene (PE)
Others
By Application
Interior
Exterior
Under Bonnet
By Geography
North America (By Type, Application)
The US
Canada
Mexico
Europe (By Type, Application)
Germany
The UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific (By Type, Application)
China
Japan
India
South Korea
Malaysia
Thailand
Rest of Asia Pacific
South America (By Type, Application)
Brazil
Argentina
Rest of South America
The Middle East & Africa (By Type, Application)
Africa
Egypt
Rest of the Middle East & Africa
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, ParBnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Global Automotive Plastics Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Polypropylene (PP)
- 5.2.2. Polyurethane (PU)
- 5.2.3. Polyamide (PA)
- 5.2.4. Polyvinyl Chloride (PVC)
- 5.2.5. Acrylonitrile Butadiene Styrene (ABS)
- 5.2.6. Polycarbonate (PC)
- 5.2.7. Polyethylene (PE)
- 5.2.8. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Interior
- 5.3.2. Exterior
- 5.3.3. Under Bonnet
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia pacific
- 5.4.4. South America
- 5.4.5. Middle East & Africa
- 6. North America Automotive Plastics Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Type
- 6.2.1. Polypropylene
- 6.2.2. Polyurethane
- 6.2.3. Polyamide
- 6.2.4. Polyvinyl Chloride
- 6.2.5. Acrylonitrile Butadiene Styrene
- 6.2.6. Polycarbonate
- 6.2.7. Polyethylene
- 6.2.8. Others
- 6.3. Market Analysis – By Application
- 6.3.1. Interior
- 6.3.2. Exterior
- 6.3.3. Under Bonnet
- 6.4. Market Analysis – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.4.3. Mexico
- 7. Europe Automotive Plastics Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Type
- 7.2.1. Polypropylene
- 7.2.2. Polyurethane
- 7.2.3. Polyamide
- 7.2.4. Polyvinyl Chloride
- 7.2.5. Acrylonitrile Butadiene Styrene
- 7.2.6. Polycarbonate
- 7.2.7. Polyethylene
- 7.2.8. Others
- 7.3. Market Analysis – By Application
- 7.3.1. Interior
- 7.3.2. Exterior
- 7.3.3. Under Bonnet
- 7.4. Market Analysis – By Country
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. UK
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Automotive Plastics Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Type
- 8.2.1. Polypropylene
- 8.2.2. Polyurethane
- 8.2.3. Polyamide
- 8.2.4. Polyvinyl Chloride
- 8.2.5. Acrylonitrile Butadiene Styrene
- 8.2.6. Polycarbonate
- 8.2.7. Polyethylene
- 8.2.8. Others
- 8.3. Market Analysis – By Application
- 8.3.1. Interior
- 8.3.2. Exterior
- 8.3.3. Under Bonnet
- 8.4. Market Analysis – By Country
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. South Korea
- 8.4.5. Thailand
- 8.4.6. Malaysia
- 8.4.7. Rest of Asia Pacific
- 9. South America Automotive Plastics Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Type
- 9.2.1. Polypropylene
- 9.2.2. Polyurethane
- 9.2.3. Polyamide
- 9.2.4. Polyvinyl Chloride
- 9.2.5. Acrylonitrile Butadiene Styrene
- 9.2.6. Polycarbonate
- 9.2.7. Polyethylene
- 9.2.8. Others
- 9.3. Market Analysis – By Application
- 9.3.1. Interior
- 9.3.2. Exterior
- 9.3.3. Under Bonnet
- 9.4. Market Analysis – By Country
- 9.4.1. Brazil
- 9.4.2. Argentina
- 9.4.3. Rest of South America
- 10. Middle East & Africa Automotive Plastics Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis – By Type
- 10.2.1. Polypropylene
- 10.2.2. Polyurethane
- 10.2.3. Polyamide
- 10.2.4. Polyvinyl Chloride
- 10.2.5. Acrylonitrile Butadiene Styrene
- 10.2.6. Polycarbonate
- 10.2.7. Polyethylene
- 10.2.8. Others
- 10.3. Market Analysis – By Application
- 10.3.1. Interior
- 10.3.2. Exterior
- 10.3.3. Under Bonnet
- 10.4. Market Analysis – By Country
- 10.4.1. Egypt
- 10.4.2. Iran
- 10.4.3. Turkey
- 10.4.4. South Africa
- 10.4.5. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.1.1. Arkema SA
- 11.1.1.1. Overview,
- 11.1.1.2. Products & services,
- 11.1.1.3. SWOT analysis,
- 11.1.1.4. Recent developments,
- 11.1.1.5. strategies,
- 11.1.1.6. financials (based on availability)
- 11.1.2. BASF SE
- 11.1.2.1. Overview,
- 11.1.2.2. Products & services,
- 11.1.2.3. SWOT analysis,
- 11.1.2.4. Recent developments,
- 11.1.2.5. strategies,
- 11.1.2.6. financials (based on availability)
- 11.1.3. Borealis AG
- 11.1.3.1. Overview,
- 11.1.3.2. Products & services,
- 11.1.3.3. SWOT analysis,
- 11.1.3.4. Recent developments,
- 11.1.3.5. strategies,
- 11.1.3.6. financials (based on availability)
- 11.1.4. DuPont
- 11.1.4.1. Overview,
- 11.1.4.2. Products & services,
- 11.1.4.3. SWOT analysis,
- 11.1.4.4. Recent developments,
- 11.1.4.5. strategies,
- 11.1.4.6. financials (based on availability)
- 11.1.5. DSM Engineering
- 11.1.5.1. Overview,
- 11.1.5.2. Products & services,
- 11.1.5.3. SWOT analysis,
- 11.1.5.4. Recent developments,
- 11.1.5.5. strategies,
- 11.1.5.6. financials (based on availability)
- 11.1.6. Evonik Industries AG
- 11.1.6.1. Overview,
- 11.1.6.2. Products & services,
- 11.1.6.3. SWOT analysis,
- 11.1.6.4. Recent developments,
- 11.1.6.5. strategies,
- 11.1.6.6. financials (based on availability)
- 11.1.7. ExxonMobil Corporation
- 11.1.7.1. Overview,
- 11.1.7.2. Products & services,
- 11.1.7.3. SWOT analysis,
- 11.1.7.4. Recent developments,
- 11.1.7.5. strategies,
- 11.1.7.6. financials (based on availability)
- 11.1.8. LANXESS
- 11.1.8.1. Overview,
- 11.1.8.2. Products & services,
- 11.1.8.3. SWOT analysis,
- 11.1.8.4. Recent developments,
- 11.1.8.5. strategies,
- 11.1.8.6. financials (based on availability)
- 11.1.9. LG Chem
- 11.1.9.1. Overview,
- 11.1.9.2. Products & services,
- 11.1.9.3. SWOT analysis,
- 11.1.9.4. Recent developments,
- 11.1.9.5. strategies,
- 11.1.9.6. financials (based on availability)
- 11.1.10. LyondellBasell
- 11.1.10.1. Overview,
- 11.1.10.2. Products & services,
- 11.1.10.3. SWOT analysis,
- 11.1.10.4. Recent developments,
- 11.1.10.5. strategies,
- 11.1.10.6. financials (based on availability)
- 11.1.11. SABIC
- 11.1.11.1. Overview,
- 11.1.11.2. Products & services,
- 11.1.11.3. SWOT analysis,
- 11.1.11.4. Recent developments,
- 11.1.11.5. strategies,
- 11.1.11.6. financials (based on availability)
- 11.1.12. Covestro AG
- 11.1.12.1. Overview,
- 11.1.12.2. Products & services,
- 11.1.12.3. SWOT analysis,
- 11.1.12.4. Recent developments,
- 11.1.12.5. strategies,
- 11.1.12.6. financials (based on availability)
- 11.1.13. Arkal Automotive
- 11.1.13.1. Overview,
- 11.1.13.2. Products & services,
- 11.1.13.3. SWOT analysis,
- 11.1.13.4. Recent developments,
- 11.1.13.5. strategies,
- 11.1.13.6. financials (based on availability)
- 11.1.14. Other Key Players
- 11.1.14.1. Overview,
- 11.1.14.2. Products & services,
- 11.1.14.3. SWOT analysis,
- 11.1.14.4. Recent developments,
- 11.1.14.5. strategies,
- 11.1.14.6. financials (based on availability)
- 12. Strategic Recommendations
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