Automotive Plastics Market Size, Share Global Analysis Report, 2020–2026

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Automotive Plastics Market By Product Type (Polypropylene, Polyurethane, Polyvinyl Chloride, Acrylonitrile-Butadiene-Styrene (ABS), Polyamide, Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polycarbonate, Polybutylene Terephthalate (PBT), Polymethylmethacrylate (PMMA), and Others) and By Application (Power Trains, Electrical Components, Interior Furnishing, Exterior Furnishing, Under the Hood, and Chassis): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026

Industry Insights

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the automotive plastics industry. The report analyzes and declares the historical and current trends analysis of the automotive plastics industry and subsequently recommends the projected trends anticipated to be observed in the automotive plastics market during the upcoming years.

The automotive plastics market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire automotive plastics market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the automotive plastics industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the automotive plastics industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the automotive plastics market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the automotive plastics industry. The automotive plastics market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the automotive plastics sector. Key strategic developments in the automotive plastics market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the automotive plastics market are appropriately highlighted in the report.

The Asia Pacific region is anticipated to dominate the automotive plastics market for vehicles in the upcoming years. Asia Pacific market growth is due to Asian countries such as India, Thailand, and China. Increasing manufacturing base and growing investments in modern vehicle production technology are anticipated to bring about a new age of vehicles, positively affecting the plastic automotive industry. In terms of volume, the Asia Pacific automotive plastics market for non-commercial cars is expected to rise at the significant growth rate between 2019 and 2026.

The automotive plastics market research report delivers an acute valuation and taxonomy of the automotive plastics industry by practically splitting the market on the basis of different product types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the automotive plastics industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the automotive plastics industry is provided for the leading economies of the world.

The automotive plastics market is segmented based on product type and application. On the basis of product type segmentation, the market is classified into Polypropylene, Polyurethane, Polyvinyl Chloride, Acrylonitrile-Butadiene-Styrene (ABS), Polyamide, Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polycarbonate, Polybutylene Terephthalate (PBT), Polymethylmethacrylate (PMMA), and Others. In terms of application segmentation, the market is bifurcated into power trains, electrical components, interior furnishing, exterior furnishing, under the hood, and chassis.

Some of the essential players operating in the automotive plastics market, but not restricted to include BASF SE, Evonik Industries AG, SABIC, Borealis AG, Grupo Antolin, Owens Corning, Royal DSM N.V., Akzo Nobel N.V., Covestro AG, Adient plc, Momentive Performance Materials, Inc., Dow Chemical Company, Magna International, Inc., Lear Corporation, Quadrant AG, Hanwha Azdel Inc., Teijin Limited and Others.

logoThe taxonomy of the automotive plastics industry by its scope and segmentation is as follows:

logo By Product Type Segmentation Analysis (Customizable)

  • Polypropylene
  • Polyurethane
  • Polyvinyl Chloride
  • Acrylonitrile-Butadiene-Styrene (ABS)
  • Polyamide
  • Low-Density Polyethylene (LDPE)
  • High-Density Polyethylene (HDPE)
  • Polycarbonate
  • Polybutylene Terephthalate (PBT)
  • Polymethylmethacrylate (PMMA)
  • Others

logo By Application Segmentation Analysis (Customizable)

  • Power Trains
  • Electrical Components
  • Interior Furnishing
  • Exterior Furnishing
  • Under the Hood
  • Chassis

logo Regional Segmentation Analysis (Customizable)

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

logoKey Insights from Primary Research

  • As per our primary respondents, the automotive plastics market is set to grow annually at a rate of around 11.4%
  • It was established through primary research that the automotive plastics market was valued at around USD 35.4 billion in 2019
  • The Asia Pacific held the largest market share of automotive plastics in terms of revenue in 2019
  • The “Polypropylene” category, on the basis of product type segmentation, was the leading revenue-generating category in 2019
  • The “Interior Furnishing” category, on the basis of application segmentation, was the leading revenue-generating category in 2019

logoKey Recommendations from Analysts

  • As per our analysts, automobile manufacturers in Europe are using high-performance plastics as these materials are energy-efficient and help in weight reduction of the vehicle
  • Plastics such as PVC exhibit excellent chemical and solvent resistance with good tensile strength and flexibility, which makes it highly suitable for instrument panels and other electrical components
  • Polypropylene is used in a variety of end-use industries such as packaging, electrical and electronics, construction, consumer products, and automotive
  • Weight reduction of vehicle offers a cost-effective way to reduce greenhouse gas (GHG) emissions and fuel consumption, conserving non-renewable crude oil reserves
  • Consumers in Europe and APAC are highly conscious regarding fuel-efficiency

logoAutomotive Plastics Market Share – By Region

Industry Major Market Players

  •  BASF SE
  •  Evonik Industries AG
  •  SABIC
  •  Borealis AG
  •  Grupo Antolin
  •  Owens Corning
  •  Royal DSM N.V.
  •  Akzo Nobel N.V.
  •  Covestro AG
  •  Adient plc
  •  Momentive Performance Materials  Inc.
  •  Dow Chemical Company
  •  Magna International  Inc.
  •  Lear Corporation
  •  Quadrant AG
  •  Hanwha Azdel Inc.
  •  Teijin Limited

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Automotive Plastics Market.
According to Facts and Factors research report, the global Automotive Plastics Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Automotive Plastics Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Automotive Plastics Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Automotive Plastics Market in North America over coming decade.