Automotive Plastics Market Size, Trends, Report Outlook 2019-24
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Automotive Plastics Market - Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Material (Polypropylene (PP), Polyvinyl Chloride (PVC), Polyethylene (PE), Polymethyl Methacrylate (PMMA), Polycarbonate (PC), Polyamides, Polyphenylene Sulfide (PPS) and Other Product Types), Application (Automobile Interior, Automobile Exterior, Under-the-hood, Electrical Components, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle East & Africa).

Home Industry Reports Chemicals & Materials Automotive Plastics Market - Growth, Trends, and Forecast (2019 – 2024)

Market Snapshot

01
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The automotive plastics market is expected to register a CAGR of over 10% during the forecast period, 2019 - 2024.

  • The increasing demand for lightweight and electric vehicles is expected to drive the demand for the market during the forecast period.
  • The decline of automotive production in Canada is likely to hinder the market’s growth.
  • Technological development in electric vehicles is projected to act as an opportunity for the market in the future.

Scope of the Report

The automotive plastics market report includes:

Material
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyethylene (PE)
Polymethyl Methacrylate (PMMA)
Polycarbonate (PC)
Polyamides
Polyphenylene Sulfide (PPS)
Other Materials
Application
Automobile Interior
Automobile Exterior
Under-the-hood
Electrical components
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle-East & Africa

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Key Market Trends

Polypropylene to Dominate the Consumption

  • The market for polypropylene (PP) is expected to grow at a rapid rate during the forecast period because of its characteristics of being extremely chemical resistant and completely impenetrable to water.
  • The major parts in which polypropylene is used consists of seating, dashboard, fuel systems, panels, under-bonnet components, interior trim, electrical components, and many others.
  • Continuous development of new PP types allows the replacement of steel in automotive in the near future as well, which will help in reducing the weight of the vehicle.
  • The application areas of PP compounds have extended up to the present time due to improvements in the base PP, as well as the advanced compound technology and molding technology.
  • The growing demand for automobiles around the globe has increased the consumption of polypropylene in automotive plastics.
03

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Asia-Pacific to Lead the Automotive Plastics Market

  • Asia-Pacific dominated the automotive plastics market due to the huge production of vehicles.
  • The improvement in the financial status of the consumers, owing to the consistent economic development in country, has increased the disposable income of the consumers, which, in turn, has resulted in the increased vehicle purchases.
  • This has resulted in the augmented growth of the automotive industry, in turn boosting the automotive plastics market.
  • For instance, China alone produced more than 25 million units of vehicles in 2018. India also witnessed a significant y-o-y growth of more than 8.19% in vehicle production in 2018. Moreover, the automotive industry in the Southeast Asian region is also witnessing growth.
  • These factors are likely to boost the automotive plastic consumption in the Asia-Pacific region.
04

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Competitive Landscape

The automotive plastics market is partially fragmented. Key players in the automotive plastics market include DowDuPont, Teijin Limited, DSM Engineering Plastics B.V., BASF SE, and SABIC.

Major Players

  1. DowDuPont
  2. Teijin Limited
  3. DSM Engineering Plastics B.V.
  4. BASF SE
  5. SABIC

* Complete list of players covered available in the table of contents below

05

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Automotive Production Fueled in India, Russia, Morocco, and Others

      2. 4.1.2 Increasing Demand for Lightweight Vehicles

    2. 4.2 Market Restraints

      1. 4.2.1 Decline of Automotive Production in China, Canada, and Others

      2. 4.2.2 Other Restraints

    3. 4.3 Value Chain / Supply Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Raw Material Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Material

      1. 5.1.1 Polypropylene (PP)

      2. 5.1.2 Polyvinyl Chloride (PVC)

      3. 5.1.3 Polyethylene (PE)

      4. 5.1.4 Polymethyl Methacrylate (PMMA)

      5. 5.1.5 Polycarbonate (PC)

      6. 5.1.6 Polyamides

      7. 5.1.7 Polyphenylene Sulfide (PPS)

      8. 5.1.8 Other Materials

    2. 5.2 Application

      1. 5.2.1 Automobile Interior

      2. 5.2.2 Automobile Exterior

      3. 5.2.3 Under-the-hood

      4. 5.2.4 Electrical components

      5. 5.2.5 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 ASEAN Countries

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Colaborations and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Arkema Group

      2. 6.4.2 Asahi Kasei Advance Corporation

      3. 6.4.3 BASF SE

      4. 6.4.4 Borealis AG

      5. 6.4.5 Braskem

      6. 6.4.6 Celanese Corporation

      7. 6.4.7 Covestro AG

      8. 6.4.8 Daicel Polymer Ltd

      9. 6.4.9 DSM Engineering Plastics BV

      10. 6.4.10 DuPont de Nemours, Inc.

      11. 6.4.11 Evonik Industries AG

      12. 6.4.12 Exxon Mobil Corporation

      13. 6.4.13 FARPLAS

      14. 6.4.14 Grand Traverse Plastics Corp.

      15. 6.4.15 Hanwha Azdel

      16. 6.4.16 LANXESS

      17. 6.4.17 Lear Corporation

      18. 6.4.18 LG Chem

      19. 6.4.19 Lumotech (Pty) Ltd

      20. 6.4.20 LyondellBasell Industries Holdings BV

      21. 6.4.21 Magna International Inc.

      22. 6.4.22 Momentive

      23. 6.4.23 Omni Plastics

      24. 6.4.24 SABIC

      25. 6.4.25 Seoyon E-Hwa

      26. 6.4.26 Solvay

      27. 6.4.27 Teijin Limited

      28. 6.4.28 TOYOTA BOSHOKU CORPORATION

      29. 6.4.29 Trinseo SA

      30. 6.4.30 ZOLTEK (Toray Industries Inc.)

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Technological Development in Electric Vehicles

    2. 7.2 Other Opportunities

**Subject to Availability

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