europe-automotive-plastics-market-industry
Published

August 2016

Europe Automotive Plastics Market Segmented by Product, Application and Geography Trends and Forecasts (2015 - 2020)

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The European automotive plastics market is expected to grow at a CAGR of 5% during the forecast period. The market in this region closely follows the market in Asia-Pacific in terms of the overall market share by volume as of 2015. 

Automotive plastics have a lot of unique and useful properties such as toughness, durability, recyclability, thermal stability, resilience, resistance, design flexibility and light weight. They are primarily used in automobiles in the interior, exterior and engine components, to reduce the total weight of the vehicle and thus increase the fuel efficiency. It also improves aesthetics, reduces noise and vibrations, cabin insulations etc. 

Among the different types of automotive plastics, polypropylene (PP) accounts for 35% of the global consumption, followed by polyurethanes (PU) (17%). Acrylonitrile butadiene styrene (ABS) and polyvinyl chloride (PVC) are the other major plastics in great demand in automobile manufacturing. There is an increasing demand for biodegradable varieties such as starch-based, PHA-, PLA-, PCL-, and PBS-based plastics.

Restraints faced by European Automotive Plastic Market:

  • The increase in raw materials prices 
  • Huge capital investment

The European automotive plastics market is segmented by product as: polypropylene, polyurethane, acrylonitrile butadiene styrene (ABS), polyvinyl chloride (PVC), polyethylene (PE), polymethyl methacrylate (PMMA), high density polyethylene (HDPE) and polycarbonate (PC). The analysis also studies segmentation by application: automobile interior, automobile exterior, under the hood and electrical components. The European automotive plastics market is also divided and studied by geography: U.K., France, Germany, Italy and other countries.

Some of the key players in this market are:

  • BASF Corporation
  • Bayer MaterialScience
  • DuPont Engineering Polymers
  • Lanxess Corporation

Key Deliverables in the Study:

  • Analysis for the European automotive plastics market, with region specific assessments and competition analysis on a regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the European automotive plastics market on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
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