Market Overview:
The global automotive bioplastic market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for environment-friendly and sustainable products. In addition, the growing awareness about the benefits of using bioplastics is also contributing to the growth of this market. The global automotive bioplastic market can be segmented on the basis of type into Bio PA, Bio PTT, Bio PET, Bio PBS, Bio PP, Bio PE and others. On the basis of application, it can be divided into exterior applications such as bumpers and fenders; interior applications such as door panels and dashboards; engine surrounding components such as air filters and intake manifolds; and others including lighting systems and wiring harnesses. The global automotive bioplastic market is dominated by North America followed by Europe.
Product Definition:
An automotive bioplastic is a type of plastic that is derived from renewable resources, such as corn, sugarcane, or tapioca. These types of plastics are important because they can help to reduce the amount of petroleum-based plastics that are used in the automotive industry.
Bio PA:
Bio-Polyamide (PA) is a bio-based polymer, produced from sugarcane and corn starch. Bio PA has high demand in the automotive industry due to its superior properties such as impact strength, wear resistance and chemical stability. It also helps reduce vehicle weight which results in improved fuel efficiency & reduced CO2 emissions.
Bio PTT:
It was developed by researchers at the University of Central Florida in collaboration with UCF chemical engineering and chemistry departments, together with funding from the US Department of Energy and the Environmental Protection Agency.
Application Insights:
Exterior application dominated the overall industry in terms of revenue share in 2017. This is attributed to high demand for bioplastic components such as front and rear lights, mirrors, bumpers and roof trims among others. In addition, growing demand for bio-based polyester composites from the automotive industry is expected to drive product demand over the forecast period.
Interior application segment is expected to witness significant growth over the forecast period owing to increasing use of bioplastics in interior components such as seats, airbags and console boxes among others. Growing preference towards environment-friendly materials has led manufacturers across the globe towards using bioplastics for manufacturing interior parts which are more durable than conventional counterparts while providing better aesthetics at a lower cost.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing demand for passenger cars and light commercial vehicles. Increasing R&D activities by major companies coupled with rising consumer preference for electric vehicles is likely to drive the regional market growth over the forecast period.
Asia Pacific, on account of being a manufacturing hub, has witnessed high demand from various application sectors such as exterior, interior and engine surrounding plastics since 2010s. The automotive sector forms an integral part of this region’s economy as it contributes significantly towards economic development through job creation and foreign currency generation along with being a key industry for export-oriented economies such as India and China.
Growth Factors:
- Increasing demand for lightweight vehicles to reduce fuel consumption and emissions
- Stringent government regulations on automotive emissions and weight
- Growing consumer preference for environment-friendly vehicles
- Rising awareness about the benefits of bioplastics over traditional plastics
- Technological advancements that make automotive bioplastic production more cost-effective
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Bioplastic Market Research Report
By Type
Bio PA, Bio PTT, Bio PET, Bio PBS, Bio PP, Bio PE, Others
By Application
Exterior, Interior, Engine Surrounding, Others
By Companies
Mitsubishi Chemical Corporation AS, Total Corbion PLA, Teijin Group, NatureWorks LLC, Denso Corporation, Solvay Group, Toray Industries Inc., Evonik Indutries AG, Arkema Group, Braskem, Mitsubishi Chemical Corporation AS, RTP Company, BASF SE, Dow Chemical Company, Eastman Chemical Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Bioplastic Market Report Segments:
The global Automotive Bioplastic market is segmented on the basis of:
Types
Bio PA, Bio PTT, Bio PET, Bio PBS, Bio PP, Bio PE, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Exterior, Interior, Engine Surrounding, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mitsubishi Chemical Corporation AS
- Total Corbion PLA
- Teijin Group
- NatureWorks LLC
- Denso Corporation
- Solvay Group
- Toray Industries Inc.
- Evonik Indutries AG
- Arkema Group
- Braskem
- Mitsubishi Chemical Corporation AS
- RTP Company
- BASF SE
- Dow Chemical Company
- Eastman Chemical Company
Highlights of The Automotive Bioplastic Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bio PA
- Bio PTT
- Bio PET
- Bio PBS
- Bio PP
- Bio PE
- Others
- By Application:
- Exterior
- Interior
- Engine Surrounding
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Bioplastic Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive bioplastic is a type of plastic that is used in the manufacturing of automobiles and other vehicles. It is made from renewable resources, such as corn or sugarcane, and can be recycled multiple times.
Some of the major companies in the automotive bioplastic market are Mitsubishi Chemical Corporation AS, Total Corbion PLA, Teijin Group, NatureWorks LLC, Denso Corporation, Solvay Group, Toray Industries Inc., Evonik Indutries AG, Arkema Group, Braskem, Mitsubishi Chemical Corporation AS, RTP Company, BASF SE, Dow Chemical Company, Eastman Chemical Company.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Bioplastic Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Bioplastic Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Bioplastic Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Bioplastic Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Bioplastic Market Size & Forecast, 2018-2028
4.5.1 Automotive Bioplastic Market Size and Y-o-Y Growth
4.5.2 Automotive Bioplastic Market Absolute $ Opportunity
Chapter 5 Global Automotive Bioplastic Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Automotive Bioplastic Market Size Forecast by Type
5.2.1 Bio PA
5.2.2 Bio PTT
5.2.3 Bio PET
5.2.4 Bio PBS
5.2.5 Bio PP
5.2.6 Bio PE
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automotive Bioplastic Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Automotive Bioplastic Market Size Forecast by Applications
6.2.1 Exterior
6.2.2 Interior
6.2.3 Engine Surrounding
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Bioplastic Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Bioplastic Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Automotive Bioplastic Analysis and Forecast
9.1 Introduction
9.2 North America Automotive Bioplastic Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Automotive Bioplastic Market Size Forecast by Type
9.6.1 Bio PA
9.6.2 Bio PTT
9.6.3 Bio PET
9.6.4 Bio PBS
9.6.5 Bio PP
9.6.6 Bio PE
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Automotive Bioplastic Market Size Forecast by Applications
9.10.1 Exterior
9.10.2 Interior
9.10.3 Engine Surrounding
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Automotive Bioplastic Analysis and Forecast
10.1 Introduction
10.2 Europe Automotive Bioplastic Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Automotive Bioplastic Market Size Forecast by Type
10.6.1 Bio PA
10.6.2 Bio PTT
10.6.3 Bio PET
10.6.4 Bio PBS
10.6.5 Bio PP
10.6.6 Bio PE
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Automotive Bioplastic Market Size Forecast by Applications
10.10.1 Exterior
10.10.2 Interior
10.10.3 Engine Surrounding
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Automotive Bioplastic Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automotive Bioplastic Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Automotive Bioplastic Market Size Forecast by Type
11.6.1 Bio PA
11.6.2 Bio PTT
11.6.3 Bio PET
11.6.4 Bio PBS
11.6.5 Bio PP
11.6.6 Bio PE
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Automotive Bioplastic Market Size Forecast by Applications
11.10.1 Exterior
11.10.2 Interior
11.10.3 Engine Surrounding
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Automotive Bioplastic Analysis and Forecast
12.1 Introduction
12.2 Latin America Automotive Bioplastic Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Automotive Bioplastic Market Size Forecast by Type
12.6.1 Bio PA
12.6.2 Bio PTT
12.6.3 Bio PET
12.6.4 Bio PBS
12.6.5 Bio PP
12.6.6 Bio PE
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Automotive Bioplastic Market Size Forecast by Applications
12.10.1 Exterior
12.10.2 Interior
12.10.3 Engine Surrounding
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Automotive Bioplastic Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automotive Bioplastic Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Automotive Bioplastic Market Size Forecast by Type
13.6.1 Bio PA
13.6.2 Bio PTT
13.6.3 Bio PET
13.6.4 Bio PBS
13.6.5 Bio PP
13.6.6 Bio PE
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Automotive Bioplastic Market Size Forecast by Applications
13.10.1 Exterior
13.10.2 Interior
13.10.3 Engine Surrounding
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Bioplastic Market: Competitive Dashboard
14.2 Global Automotive Bioplastic Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mitsubishi Chemical Corporation AS
14.3.2 Total Corbion PLA
14.3.3 Teijin Group
14.3.4 NatureWorks LLC
14.3.5 Denso Corporation
14.3.6 Solvay Group
14.3.7 Toray Industries Inc.
14.3.8 Evonik Indutries AG
14.3.9 Arkema Group
14.3.10 Braskem
14.3.11 Mitsubishi Chemical Corporation AS
14.3.12 RTP Company
14.3.13 BASF SE
14.3.14 Dow Chemical Company
14.3.15 Eastman Chemical Company
