Market Overview:
The global resins in automotive market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application and region. On the basis of type, polycarbonate (PC), polymethyl methacrylate (PMMA), polyethylene (PE), polyvinyl chloride (PVC), polypropylene (PP) and other resins are included in this study. Polycarbonate resin held a dominant position in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to its properties such as high impact resistance, transparency and heat resistance which make it suitable for use in automotive applications. On the basis of application, conventional/traditional vehicles and electric vehicles are included in this study.
Product Definition:
Resins are a type of adhesive that is used in the automotive industry to bond together different components of a car. They are important because they provide a strong, durable connection between parts and help keep the car structurally sound.
Polycarbonate (PC):
Polycarbonate is a thermoplastic polymer, which can be processed by injection molding, extrusion and blow molding. It has high impact resistance and good chemical stability. Polycarbonate resins are used in the automotive industry to manufacture interior trim components such as gear shift knobs, airbag containers & covers, steering wheel covers & knobs along with exterior parts such as headlight housings and tailgate handles among others.
Polymethyl Methacrylate (PMMA):
Polymethyl methacrylate (PMMA) is a type of acrylic polymer. It is a transparent thermoplastic that has high heat and chemical resistance, along with the ability to withstand scratches. PMMA is used in automotive resins as an alternative to glass fiber reinforced plastics (GFRP). The resin helps reduce overall weight of the vehicle and also increases fuel efficiency by reducing aerodynamic drag.
The global automotive market was valued at USD 77 billion in 2014.
Application Insights:
Conventional/traditional vehicles dominated the global resins in automotive market, accounting for over 75% of the overall revenue share in 2017. These are further sub-segmented into two categories namely, passenger cars and light commercial vehicles (LCVs). LCVs include buses, coaches and trucks under one roof. Resins such as PC are extensively used for manufacturing body panels of these vehicles owing to their high impact resistance and durability.
Resin is also widely used in the manufacturing of interior components including seats, door panels & handles as well as trunk trim & closure mechanisms for conventional/traditional vehicle applications. Growing demand from various industries including furniture is expected to drive product demand over the forecast period.
Electric Vehicles (EVs) application segment is projected to witness significant growth during the forecast period on account of increasing government initiatives regarding reduction greenhouse gas emissions coupled with rising concerns regarding air pollution due to growing number of EVs on roads globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising disposable income, increasing population, and growing automotive industry. China is one of the largest markets for these resins owing to low manufacturing cost coupled with easy availability of raw materials.
The European market was valued at USD X million in 2017 and is projected to witness significant growth over the forecast period owing to stringent emission norms implemented by governments across Europe countries such as Germany, France, Italy etc., which are driving manufacturers toward adopting electric vehicles or hybrid vehicles on a large scale basis thereby boosting product demand in this region.
North America accounted for a major share due to high demand from end-use industries such as architectural plastics & resins; consumer goods; electrical & electronics; flooring & carpets; glazing materials used for windows/windshields etc.
Growth Factors:
- Increasing demand for lightweight vehicles to reduce fuel consumption and emissions
- Rising demand from the emerging markets of Asia Pacific and South America
- Growing use of composites in automotive applications to improve performance and efficiency
- Proliferation of electric vehicles, which require high-performance resins for battery packs and other components
- Advances in resin technology that improve performance, reduce weight, and lower costs
Scope Of The Report
Report Attributes
Report Details
Report Title
Resins in Automotive Market Research Report
By Type
Polycarbonate (PC), Polymethyl Methacrylate (PMMA), Polyethylene (PE), Polyvinyl Chloride (PVC), Polypropylene (PP), Polyamide, Other
By Application
Conventional/Traditional Vehicles, Electric Vehicles
By Companies
Asahi Kasei Advance Corporation, BASF SE, Borealis AG, Braskem, Celanese Corporation, Covestro AG, Daicel Polymer Ltd, DuPont, Evonik Industries AG, Exxon Mobil Corporation, LANXESS
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Resins in Automotive Market Report Segments:
The global Resins in Automotive market is segmented on the basis of:
Types
Polycarbonate (PC), Polymethyl Methacrylate (PMMA), Polyethylene (PE), Polyvinyl Chloride (PVC), Polypropylene (PP), Polyamide, Other
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
Conventional/Traditional Vehicles, Electric Vehicles
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:
- Asahi Kasei Advance Corporation
- BASF SE
- Borealis AG
- Braskem
- Celanese Corporation
- Covestro AG
- Daicel Polymer Ltd
- DuPont
- Evonik Industries AG
- Exxon Mobil Corporation
- LANXESS
Highlights of The Resins in Automotive 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:
- Polycarbonate (PC)
- Polymethyl Methacrylate (PMMA)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Polyamide
- Other
- By Application:
- Conventional/Traditional Vehicles
- Electric Vehicles
- 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 Resins in Automotive 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.
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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?
Resins are a type of adhesive that is used in automotive to attach parts together.
Some of the major players in the resins in automotive market are Asahi Kasei Advance Corporation, BASF SE, Borealis AG, Braskem, Celanese Corporation, Covestro AG, Daicel Polymer Ltd, DuPont, Evonik Industries AG, Exxon Mobil Corporation, LANXESS.
The resins in automotive market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Resins in Automotive 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 Resins in Automotive Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Resins in Automotive 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 Resins in Automotive 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 Resins in Automotive Market Size & Forecast, 2020-2028
4.5.1 Resins in Automotive Market Size and Y-o-Y Growth
4.5.2 Resins in Automotive 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 Polycarbonate (PC)
5.2.2 Polymethyl Methacrylate (PMMA)
5.2.3 Polyethylene (PE)
5.2.4 Polyvinyl Chloride (PVC)
5.2.5 Polypropylene (PP)
5.2.6 Polyamide
5.2.7 Other
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 Conventional/Traditional Vehicles
6.2.2 Electric Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Resins in Automotive 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 Resins in Automotive 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 Polycarbonate (PC)
9.6.2 Polymethyl Methacrylate (PMMA)
9.6.3 Polyethylene (PE)
9.6.4 Polyvinyl Chloride (PVC)
9.6.5 Polypropylene (PP)
9.6.6 Polyamide
9.6.7 Other
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 Conventional/Traditional Vehicles
9.10.2 Electric Vehicles
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 Polycarbonate (PC)
10.6.2 Polymethyl Methacrylate (PMMA)
10.6.3 Polyethylene (PE)
10.6.4 Polyvinyl Chloride (PVC)
10.6.5 Polypropylene (PP)
10.6.6 Polyamide
10.6.7 Other
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 Conventional/Traditional Vehicles
10.10.2 Electric Vehicles
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 Polycarbonate (PC)
11.6.2 Polymethyl Methacrylate (PMMA)
11.6.3 Polyethylene (PE)
11.6.4 Polyvinyl Chloride (PVC)
11.6.5 Polypropylene (PP)
11.6.6 Polyamide
11.6.7 Other
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 Conventional/Traditional Vehicles
11.10.2 Electric Vehicles
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 Polycarbonate (PC)
12.6.2 Polymethyl Methacrylate (PMMA)
12.6.3 Polyethylene (PE)
12.6.4 Polyvinyl Chloride (PVC)
12.6.5 Polypropylene (PP)
12.6.6 Polyamide
12.6.7 Other
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 Conventional/Traditional Vehicles
12.10.2 Electric Vehicles
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 Polycarbonate (PC)
13.6.2 Polymethyl Methacrylate (PMMA)
13.6.3 Polyethylene (PE)
13.6.4 Polyvinyl Chloride (PVC)
13.6.5 Polypropylene (PP)
13.6.6 Polyamide
13.6.7 Other
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 Conventional/Traditional Vehicles
13.10.2 Electric Vehicles
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 Resins in Automotive Market: Competitive Dashboard
14.2 Global Resins in Automotive Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Asahi Kasei Advance Corporation
14.3.2 BASF SE
14.3.3 Borealis AG
14.3.4 Braskem
14.3.5 Celanese Corporation
14.3.6 Covestro AG
14.3.7 Daicel Polymer Ltd
14.3.8 DuPont
14.3.9 Evonik Industries AG
14.3.10 Exxon Mobil Corporation
14.3.11 LANXESS
