Market Overview:
The global automotive plastic materials market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and fuel-efficient vehicles, rising consumer preference for luxury and comfort features in vehicles, and growing demand for electric vehicles. The global automotive plastic materials market is segmented on the basis of type into PP, PE, ABS, PU, PVC, PA6/PA66 (polyamide), PC (polycarbonate), PVB (polyvinyl butyral), and others. PP is expected to be the fastest-growing type segment during the forecast period owing to its properties such as high strength-to-weight ratio and resistance against heat and chemicals. On the basis of application, the global automotive plastic materials market is segmented into interior components such as door panels & trimming parts; exterior components such as bumpers & fenders; under hood components such as engine covers & air dams; lighting systems including headlamps & tail lamps; electric wiring harnesses; and others including sunroofs & power windows regulators. The interior component segment is estimated to account for a major share ofthe global automotive plastic materials market in 2018 owing to rising consumer preference for luxury features in vehicles.
Product Definition:
Plastics are materials made from polymer chains. Automotive plastics are used in many places on a car, including the body, interior, and under the hood. They can be tough and durable or flexible and lightweight. Some automotive plastics are also recyclable.
PP:
Polypropylene (PP) is a thermoplastic polymer, which can be processed by injection molding, extrusion and blow molding. PP has the ability to be recycled numerous times without any loss in properties. It also has excellent chemical resistance and high impact strength making it suitable for automotive applications such as under-the-hood components & engine parts, interior & exterior trim components along with electrical housings.
PE:
Polyethylene (PE) is a widely used thermoplastic polymer in the automotive industry. It is produced from the reaction of ethylene and oxygen, which are gases commonly found around us. PE has high heat & impact resistance, excellent chemical stability and low moisture absorption properties making it suitable for various automotive applications such as exterior body parts like bumpers or interior trim components like gear knob or steering wheel cover.
Application Insights:
Exterior was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. Growing demand for lightweight materials with superior aesthetic appearance is expected to propel market growth.
Interior applications include seats, airbags, headliners, carpets and flooring as well as other interior components such as door panels and dashboards. Increasing demand for plastic compounds in various interior components owing to their durability, low cost and high resistance towards corrosion & UV rays is likely to fuel automotive plastics market growth over the forecast period.
Automotive plastics are increasingly being used in under-the-hood applications owing to their ability provide functional advantages including noise reduction & weight reduction while improving overall vehicle performance through improved aerodynamics & heat management of engine compartment cooling systems along with providing thermal insulation between engine bay temperatures.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 45.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing automobile production and sales, especially in China, India, Japan and South Korea. In addition, favorable government regulations for manufacturing electric vehicles are projected to drive demand for plastic materials across this region as EV components such as motor housing are mostly made from these plastics.
North America is estimated to be one of the fastest-growing regional markets at an estimated CAGR of XX% from 2018 to 2030 owing to rising investments by companies towards product innovation and replacement or upgrading existing facilities particularly in Mexico which has a well-established automotive industry after it was rescued by General Motors Company during its financial crisis between 2009 & 2010).
Growth Factors:
- Increasing demand for lightweight vehicles: The automotive industry is increasingly focusing on the development of lightweight vehicles in order to improve fuel efficiency. This is driving the demand for plastic materials, which are lighter in weight than traditional materials such as metal and glass.
- Growing popularity of electric vehicles: Electric vehicles are becoming more popular due to their environmental benefits and improved fuel efficiency. This is contributing to the growth of the automotive plastics market as electric vehicles require more plastic components than traditional gasoline-powered cars.
- Rising consumer preference for luxury cars: The global luxury car market is growing rapidly, driven by rising income levels and changing consumer preferences. This is leading automakers to focus on developing high-end models that use advanced plastic materials for exterior and interior trimming applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Plastic Materials Market Research Report
By Type
PP, PE, ABS, PU, PVC, PA, PC, PVB
By Application
Interior, Exterior, Under the Hood and Lighting, Electric Wiring
By Companies
DowDuPont, Ineos Capital, BASF, Evonik, Lyondellbasell, Sabic, Plastic Omnium
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Plastic Materials Market Report Segments:
The global Automotive Plastic Materials market is segmented on the basis of:
Types
PP, PE, ABS, PU, PVC, PA, PC, PVB
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
Interior, Exterior, Under the Hood and Lighting, Electric Wiring
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:
- DowDuPont
- Ineos Capital
- BASF
- Evonik
- Lyondellbasell
- Sabic
- Plastic Omnium
Highlights of The Automotive Plastic Materials 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:
- PP
- PE
- ABS
- PU
- PVC
- PA
- PC
- PVB
- By Application:
- Interior
- Exterior
- Under the Hood and Lighting
- Electric Wiring
- 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 Plastic Materials 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
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 plastic materials are used in the manufacturing of car parts, including bumpers, side skirts, and headlights. Automotive plastics are also used to make seats and dashboard components.
Some of the major companies in the automotive plastic materials market are DowDuPont, Ineos Capital, BASF, Evonik, Lyondellbasell, Sabic, Plastic Omnium.
The automotive plastic materials market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Plastic Materials 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 Plastic Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Plastic Materials 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 Plastic Materials 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 Plastic Materials Market Size & Forecast, 2020-2028
4.5.1 Automotive Plastic Materials Market Size and Y-o-Y Growth
4.5.2 Automotive Plastic Materials Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 PP
5.2.2 PE
5.2.3 ABS
5.2.4 PU
5.2.5 PVC
5.2.6 PA
5.2.7 PC
5.2.8 PVB
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Interior
6.2.2 Exterior
6.2.3 Under the Hood and Lighting
6.2.4 Electric Wiring
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Plastic Materials 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 Plastic Materials 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 PP
9.6.2 PE
9.6.3 ABS
9.6.4 PU
9.6.5 PVC
9.6.6 PA
9.6.7 PC
9.6.8 PVB
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 Market Size Forecast by Applications
9.10.1 Interior
9.10.2 Exterior
9.10.3 Under the Hood and Lighting
9.10.4 Electric Wiring
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 PP
10.6.2 PE
10.6.3 ABS
10.6.4 PU
10.6.5 PVC
10.6.6 PA
10.6.7 PC
10.6.8 PVB
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 Market Size Forecast by Applications
10.10.1 Interior
10.10.2 Exterior
10.10.3 Under the Hood and Lighting
10.10.4 Electric Wiring
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 PP
11.6.2 PE
11.6.3 ABS
11.6.4 PU
11.6.5 PVC
11.6.6 PA
11.6.7 PC
11.6.8 PVB
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 Market Size Forecast by Applications
11.10.1 Interior
11.10.2 Exterior
11.10.3 Under the Hood and Lighting
11.10.4 Electric Wiring
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 PP
12.6.2 PE
12.6.3 ABS
12.6.4 PU
12.6.5 PVC
12.6.6 PA
12.6.7 PC
12.6.8 PVB
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 Market Size Forecast by Applications
12.10.1 Interior
12.10.2 Exterior
12.10.3 Under the Hood and Lighting
12.10.4 Electric Wiring
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 PP
13.6.2 PE
13.6.3 ABS
13.6.4 PU
13.6.5 PVC
13.6.6 PA
13.6.7 PC
13.6.8 PVB
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) Market Size Forecast by Applications
13.10.1 Interior
13.10.2 Exterior
13.10.3 Under the Hood and Lighting
13.10.4 Electric Wiring
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 Plastic Materials Market: Competitive Dashboard
14.2 Global Automotive Plastic Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DowDuPont
14.3.2 Ineos Capital
14.3.3 BASF
14.3.4 Evonik
14.3.5 Lyondellbasell
14.3.6 Sabic
14.3.7 Plastic Omnium
