Exterior Automotive Plastics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Exterior Automotive Plastics Market
The exterior automotive plastics market size was valued at USD 11.53 billion in 2021, and the market is now projected to grow from USD 12.18 billion in 2022 to USD 17.94 billion by 2029, exhibiting a CAGR of 5.7% during the forecast period of 2022-2029.
Subsequently the delivery of both raw material resource and finished goods was affected, COVID-19 strictly troubled the proceeds of automotive plastic manufacturers. Growing lockdown restrictions universally reduced the demand for plastics from the automotive industry. COVID- 19 pandemic has impacted the supply chain of external automotive plastics.
The consumption of exterior automotive plastics is mounting with the surging demand for lightweight automobiles. Severe ecological guidelines and safety ethics executed by the governments have forced the automotive Original Equipment Manufacturers (OEMs) to substitute metal constituents with those prepared from polymers. The use of polymers in the automotive decreases the automobile's complete weight, thus growing its fuel effectiveness and helping in the drop of greenhouse gas discharges. Furthermore, the rising demand for electric cars encourages the exterior automotive plastics market growth.
Cutting fuel consumption and discharges by decreasing vehicle weight is a vital objective and key challenge for automotive producers. However, the growing use of plastic in automobiles has elevated concerns over the product's ecological influence. Consequently, numerous top automotive producers worldwide have underway integrating bio-based plastics to decrease the ecological influence formed by the products. Bio-based polymers deal numerous aids to the automotive industry such as dropping necessity on instable energy markets and growing supply productivity.
Comprehensive Analysis of Exterior Automotive Plastics Market
The market can be segmented in various ways, depending on the focus of analysis such as by type and by application. Based on type, the market is segmented into polyurethane, polycarbonate, polypropylene, polyethylene, polyamide, polyvinyl chloride, and others. Based on application, the market is categorized into bumpers & grills, roof, lights, litigate, and others.
Asia Pacific region is dominating the exterior automotive plastics market share due to presence of several automotive original equipment manufacturers.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Arkema (France), BASF SE (Germany), Borealis AG (Austria), Dupont (U.S.), DSM (Netherlands), Evonik Industries (Germany), Exxonmobil (Texas), Lanxess (Germany), LyondellBasell (Netherlands), Covestro AG (Germany) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In January 2020, BASF SE shut the attainment of Solvay’s polyamide business. The attainment extended the company’s polyamide abilities with advanced products such as Technyl. This allowed the company to upkeep its clients with improved engineering plastics solutions for e-mobility and autonomous motivating. Furthermore, the transaction boosted the company’s access to progress markets in Asia as well as in South and North America.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2018-2029
Base Year 2021
Estimated Year 2022
Forecast Period 2022-2029
Historical Period 2018-2020
Unit Value (USD Billion), Volume (Million Ton)
Segmentation By Type, Application, and Geography
By Type Polypropylene
Polyurethane
Polyamide
Polyvinyl Chloride
Polycarbonate
Polyethylene
Others
By Application Bumpers & Grills
Roof
Lights
Liftgate
Others
By Geography North America (By Type, By Application, By Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
Europe (By Type, By Application, By Country)
Germany (By Application)
U.K. (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Russia (By Application)
Rest of Europe (By Application)
Asia Pacific (By Type, By Application, By Country)
China (By Application)
Japan (By Application)
India (By Application)
South Korea (By Application)
Rest of Asia Pacific (By Application)
Latin America (By Type, By Application, By Country)
Brazil (By Application)
Argentina (By Application)
Rest of Latin America (By Application)
Middle East & Africa (By Type, By Application, By Country)
GCC (By Application)
South Africa (By Application)
Rest of Middle East & Africa (By Application)
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- 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. Latest Technological Advancement
- 4.3. Insights on Regulatory Scenario
- 4.4. Porters Five Forces Analysis
- 4.5. Value Chain Analysis
- 4.6. Impact of COVID-19 on the Market
- 4.7. Average Volume of Exterior Automotive Parts, By Application
- 5. Global Exterior Automotive Plastics Market Analysis, Insights and Forecast, 2018-2029
- 5.1. Key Findings / Summary
- 5.2. By Type (Volume/Value)
- 5.2.1. Polypropylene
- 5.2.2. Polyurethane
- 5.2.3. Polyamide
- 5.2.4. Polyvinyl Chloride
- 5.2.5. Polycarbonate
- 5.2.6. Polyethylene
- 5.2.7. Others
- 5.3. By Application (Volume/Value)
- 5.3.1. Bumpers & Grills
- 5.3.2. Roof
- 5.3.3. Lights
- 5.3.4. Liftgate
- 5.3.5. Others
- 5.4. By Region (Volume/Value)
- 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 Exterior Automotive Plastics Market Analysis, Insights and Forecast, 2018-2029
- 6.1. Key Findings / Summary
- 6.2. By Type (Volume/Value)
- 6.2.1. Polypropylene
- 6.2.2. Polyurethane
- 6.2.3. Polyamide
- 6.2.4. Polyvinyl Chloride
- 6.2.5. Polycarbonate
- 6.2.6. Polyethylene
- 6.2.7. Others
- 6.3. By Application (Volume/Value)
- 6.3.1. Bumpers & Grills
- 6.3.2. Roof
- 6.3.3. Lights
- 6.3.4. Liftgate
- 6.3.5. Others
- 6.4. By Country (Volume/Value)
- 6.4.1. U.S.
- 6.4.1.1. By Application (Volume/Value)
- 6.4.1.1.1. Bumpers & Grills
- 6.4.1.1.2. Roof
- 6.4.1.1.3. Lights
- 6.4.1.1.4. Liftgate
- 6.4.1.1.5. Others
- 6.4.2. Canada
- 6.4.2.1. By Application (Volume/Value)
- 6.4.2.1.1. Bumpers & Grills
- 6.4.2.1.2. Roof
- 6.4.2.1.3. Lights
- 6.4.2.1.4. Liftgate
- 6.4.2.1.5. Others
- 7. Europe Exterior Automotive Plastics Market Analysis, Insights and Forecast, 2018-2029
- 7.1. Key Findings / Summary
- 7.2. By Type (Volume/Value)
- 7.2.1. Polypropylene
- 7.2.2. Polyurethane
- 7.2.3. Polyamide
- 7.2.4. Polyvinyl Chloride
- 7.2.5. Polycarbonate
- 7.2.6. Polyethylene
- 7.2.7. Others
- 7.3. By Application (Volume/Value)
- 7.3.1. Bumpers & Grills
- 7.3.2. Roof
- 7.3.3. Lights
- 7.3.4. Liftgate
- 7.3.5. Others
- 7.4. By Country (Volume/Value)
- 7.4.1. Germany
- 7.4.1.1. By Application (Volume/Value)
- 7.4.1.1.1. Bumpers & Grills
- 7.4.1.1.2. Roof
- 7.4.1.1.3. Lights
- 7.4.1.1.4. Liftgate
- 7.4.1.1.5. Others
- 7.4.2. UK
- 7.4.2.1. By Application (Volume/Value)
- 7.4.2.1.1. Bumpers & Grills
- 7.4.2.1.2. Roof
- 7.4.2.1.3. Lights
- 7.4.2.1.4. Liftgate
- 7.4.2.1.5. Others
- 7.4.3. France
- 7.4.3.1. By Application (Volume/Value)
- 7.4.3.1.1. Bumpers & Grills
- 7.4.3.1.2. Roof
- 7.4.3.1.3. Lights
- 7.4.3.1.4. Liftgate
- 7.4.3.1.5. Others
- 7.4.4. Italy
- 7.4.4.1. By Application (Volume/Value)
- 7.4.4.1.1. Bumpers & Grills
- 7.4.4.1.2. Roof
- 7.4.4.1.3. Lights
- 7.4.4.1.4. Liftgate
- 7.4.4.1.5. Others
- 7.4.5. Spain
- 7.4.5.1. By Application (Volume/Value)
- 7.4.5.1.1. Bumpers & Grills
- 7.4.5.1.2. Roof
- 7.4.5.1.3. Lights
- 7.4.5.1.4. Liftgate
- 7.4.5.1.5. Others
- 7.4.6. Russia
- 7.4.6.1. By Application (Volume/Value)
- 7.4.6.1.1. Bumpers & Grills
- 7.4.6.1.2. Roof
- 7.4.6.1.3. Lights
- 7.4.6.1.4. Liftgate
- 7.4.6.1.5. Others
- 7.4.7. Rest of Europe
- 7.4.7.1. By Application (Volume/Value)
- 7.4.7.1.1. Bumpers & Grills
- 7.4.7.1.2. Roof
- 7.4.7.1.3. Lights
- 7.4.7.1.4. Liftgate
- 7.4.7.1.5. Others
- 8. Asia-Pacific Exterior Automotive Plastics Market Analysis, Insights and Forecast, 2018-2029
- 8.1. Key Findings / Summary
- 8.2. By Type (Volume/Value)
- 8.2.1. Polypropylene
- 8.2.2. Polyurethane
- 8.2.3. Polyamide
- 8.2.4. Polyvinyl Chloride
- 8.2.5. Polycarbonate
- 8.2.6. Polyethylene
- 8.2.7. Others
- 8.3. By Application (Volume/Value)
- 8.3.1. Bumpers & Grills
- 8.3.2. Roof
- 8.3.3. Lights
- 8.3.4. Liftgate
- 8.3.5. Others
- 8.4. By Country (Volume/Value)
- 8.4.1. China
- 8.4.1.1. By Application (Volume/Value)
- 8.4.1.1.1. Bumpers & Grills
- 8.4.1.1.2. Roof
- 8.4.1.1.3. Lights
- 8.4.1.1.4. Liftgate
- 8.4.1.1.5. Others
- 8.4.2. India
- 8.4.2.1. By Application (Volume/Value)
- 8.4.2.1.1. Bumpers & Grills
- 8.4.2.1.2. Roof
- 8.4.2.1.3. Lights
- 8.4.2.1.4. Liftgate
- 8.4.2.1.5. Others
- 8.4.3. Japan
- 8.4.3.1. By Application (Volume/Value)
- 8.4.3.1.1. Bumpers & Grills
- 8.4.3.1.2. Roof
- 8.4.3.1.3. Lights
- 8.4.3.1.4. Liftgate
- 8.4.3.1.5. Others
- 8.4.4. South Korea
- 8.4.4.1. By Application (Volume/Value)
- 8.4.4.1.1. Bumpers & Grills
- 8.4.4.1.2. Roof
- 8.4.4.1.3. Lights
- 8.4.4.1.4. Liftgate
- 8.4.4.1.5. Others
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1.
- 8.4.5.1.1. Bumpers & Grills
- 8.4.5.1.2. Roof
- 8.4.5.1.3. Lights
- 8.4.5.1.4. Liftgate
- 8.4.5.1.5. Others
- 9. South America Exterior Automotive Plastics Market Analysis, Insights and Forecast, 2018-2029
- 9.1. Key Findings / Summary
- 9.2. By Type (Volume/Value)
- 9.2.1. Polypropylene
- 9.2.2. Polyurethane
- 9.2.3. Polyamide
- 9.2.4. Polyvinyl Chloride
- 9.2.5. Polycarbonate
- 9.2.6. Polyethylene
- 9.2.7. Others
- 9.3. By Application (Volume/Value)
- 9.3.1. Bumpers & Grills
- 9.3.2. Roof
- 9.3.3. Lights
- 9.3.4. Liftgate
- 9.3.5. Others
- 9.4. By Country (Volume/Value)
- 9.4.1. Brazil
- 9.4.1.1. By Application (Volume/Value)
- 9.4.1.1.1. Bumpers & Grills
- 9.4.1.1.2. Roof
- 9.4.1.1.3. Lights
- 9.4.1.1.4. Liftgate
- 9.4.1.1.5. Others
- 9.4.2. Argentina
- 9.4.2.1. By Application (Volume/Value)
- 9.4.2.1.1. Bumpers & Grills
- 9.4.2.1.2. Roof
- 9.4.2.1.3. Lights
- 9.4.2.1.4. Liftgate
- 9.4.2.1.5. Others
- 9.4.3. Rest of South America
- 9.4.3.1. By Application (Volume/Value)
- 9.4.3.1.1. Bumpers & Grills
- 9.4.3.1.2. Roof
- 9.4.3.1.3. Lights
- 9.4.3.1.4. Liftgate
- 9.4.3.1.5. Others
- 10. Middle East & Africa Exterior Automotive Plastics Market Analysis, Insights and Forecast, 2018-2029
- 10.1. Key Findings / Summary
- 10.2. By Type (Volume/Value)
- 10.2.1. Polypropylene
- 10.2.2. Polyurethane
- 10.2.3. Polyamide
- 10.2.4. Polyvinyl Chloride
- 10.2.5. Polycarbonate
- 10.2.6. Polyethylene
- 10.2.7. Others
- 10.3. By Application (Volume/Value)
- 10.3.1. Bumpers & Grills
- 10.3.2. Roof
- 10.3.3. Lights
- 10.3.4. Liftgate
- 10.3.5. Others
- 10.4. By Country (Volume/Value)
- 10.4.1. South Africa
- 10.4.1.1. By Application (Volume/Value)
- 10.4.1.1.1. Bumpers & Grills
- 10.4.1.1.2. Roof
- 10.4.1.1.3. Lights
- 10.4.1.1.4. Liftgate
- 10.4.1.1.5. Others
- 10.4.2. GCC
- 10.4.2.1. By Application (Volume/Value)
- 10.4.2.1.1. Bumpers & Grills
- 10.4.2.1.2. Roof
- 10.4.2.1.3. Lights
- 10.4.2.1.4. Liftgate
- 10.4.2.1.5. Others
- 10.4.3. Rest of Middle East & Africa
- 10.4.3.1. By Application (Volume/Value)
- 10.4.3.1.1. Bumpers & Grills
- 10.4.3.1.2. Roof
- 10.4.3.1.3. Lights
- 10.4.3.1.4. Liftgate
- 10.4.3.1.5. Others
- 11. Company Profiles
- 11.1. Arkema
- 11.1.1. Overview
- 11.1.2. Description
- 11.1.3. Type Portfolio
- 11.1.4. Financials (As per Availaibity)
- 11.1.5. Recent Developments
- 11.2. BASF SE
- 11.2.1. Overview
- 11.2.2. Description
- 11.2.3. Type Portfolio
- 11.2.4. Financials (As per Availaibity)
- 11.2.5. Recent Developments
- 11.3. Borealis AG
- 11.3.1. Overview
- 11.3.2. Description
- 11.3.3. Type Portfolio
- 11.3.4. Financials (As per Availaibity)
- 11.3.5. Recent Developments
- 11.4. Dupont
- 11.4.1. Overview
- 11.4.2. Description
- 11.4.3. Type Portfolio
- 11.4.4. Financials (As per Availaibity)
- 11.4.5. Recent Developments
- 11.5. DSM
- 11.5.1. Overview
- 11.5.2. Description
- 11.5.3. Type Portfolio
- 11.5.4. Financials (As per Availaibity)
- 11.5.5. Recent Developments
- 11.6. Evonik
- 11.6.1. Overview
- 11.6.2. Description
- 11.6.3. Type Portfolio
- 11.6.4. Financials (As per Availaibity)
- 11.6.5. Recent Developments
- 11.7. Exxonmobil
- 11.7.1. Overview
- 11.7.2. Description
- 11.7.3. Type Portfolio
- 11.7.4. Financials (As per Availaibity)
- 11.7.5. Recent Developments
- 11.8. Lanxess
- 11.8.1. Overview
- 11.8.2. Description
- 11.8.3. Type Portfolio
- 11.8.4. Financials (As per Availaibity)
- 11.8.5. Recent Developments
- 11.9. LyondellBasell
- 11.9.1. Overview
- 11.9.2. Description
- 11.9.3. Type Portfolio
- 11.9.4. Financials (As per Availaibity)
- 11.9.5. Recent Developments
- 11.10. Covestro
- 11.10.1. Overview
- 11.10.2. Description
- 11.10.3. Type Portfolio
- 11.10.4. Financials (As per Availaibity)
- 11.10.5. Recent Developments
- 11.11. Other Key Players
- 11.11.1. Overview
- 11.11.2. Description
- 11.11.3. Type Portfolio
- 11.11.4. Financials (As per Availaibity)
- 11.11.5. Recent Developments
- 12. Strategic Recommendations
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