Market Size

The global automotive plastics market size is valued at USD 21.1 billion in 2021 and is estimated to reach a value of USD xx billion in 2027. The automotive plastics market analysis shows that it will grow with a CAGR of 7.9% over the forecast period of 2021 to 2027.

Market Driver

Some of the primary drivers driving the growth of the automotive plastics market are maximum mass reduction potential, considerable pollution reduction, and improved vehicle design and esthetics. Several governments have enacted strict car emissions and fuel economy rules. These laws have driven automakers to employ more lightweight materials, such as plastics, in their vehicles. Advanced plastics materials improve a vehicle's fuel efficiency while also maintaining its safety and performance. Fuel efficiency may be improved by 6 to 8% with a 10% reduction in vehicle mass. Because less weight requires less energy to accelerate, the usage of plastics saves fuel usage. Greenhouse gas (GHG) reduction methods, such as valve timing modification, turbocharging, aerodynamic design, and the introduction of hybrid, plug-in hybrid, and fuel cell systems in automobiles, can cut carbon emissions in passenger cars. These technologies, on the other hand, necessitate significant changes in engine architecture, powertrain systems, and power systems. As a result, modern plastic materials are widely employed to significantly reduce carbon emissions, which is more cost-effective than the technologies discussed above. The arrival of electric vehicles (EVs) has ushered in a technical shift in the automobile sector. These cars outperform their internal combustion equivalents in terms of performance. Increased environmental awareness, government backing and incentives, and OEM expenditures have all prepared the road for electric vehicles. Volkswagen, BMW, Tesla Motors, Ford, General Motors, and Toyota are among the major automakers that have entered the electric car market. Electric vehicles are more efficient, energy independent, and superior to gas-powered vehicles. Because electric vehicles have low-power engines, lightweight materials are used to increase the engine's pulling capability.

Segment Outlook

Based on product type, the market is segmented into PP, PU, PVC, PA and Others. The LDPE & PP segment is estimated to be the largest segment over the forecast period.  Based on application, the market is segmented into Interior, Exterior, Under Bonnet and Others. The interior application segment is estimated to be the largest segment over the forecast period.  Based on vehicle type, the market is segmented into Conventional Cars, Electric Cars.

Regional Outlook

The Automotive Plastics market research report provides an in-depth analysis of the industry, incorporating quantitative and qualitative data. It includes historical, present, and forecast data of the global market for Automotive Plastics by segment. Furthermore, it provides market size and forecast estimates for five regions, namely Asia Pacific, North America, Europe, Central & South America, Middle East, and Africa from 2015 to 2027. The market for Automotive Plastics is segmented by region and then by country and segment. It has been estimated that Asia Pacific accounted for largest market share in global Automotive Plastics market. The key countries in this market include U.S., Italy, Germany, France, China, India, and Japan. The report analyzes supply and demand-side factors affecting Automotive Plastics market and then evaluates market dynamics affecting the market in coming years. Qualitative insight available in this report are opportunities, drivers, restraints, and future trends.

Company Profile Outlook

Key companies profiled in this market are BASF SE (Germany), LyondellBasell Industries Holdings BV (Netherlands), SABIC (Saudi Arabia), LG Chem (South Korea), Covestro AG (Germany), DuPont (US), Evonik Industries AG (Germany), Arkema SA (France), Solvay (Belgium), Borealis AG (Austria). However, we have also considered other companies for detailed primary interviews.

Research Methodology

Automotive Plastics market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts, channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Automotive Plastics Market Size and Outlook by Product Type

• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinylchloride (PVC)
• Polyamide (PA)
• Acrylonitrile Butadiene Styrene (ABS)
• High Density Polyethylene (HDPE)
• Polycarbonate (PC)
• Polybutylene Terephthalate (PBT)
• Others

Automotive Plastics Market Size and Outlook by Application

• Interior
• Exterior
• Under Bonnet
• Others

Automotive Plastics Market Size and Outlook by Vehicle Type Industry

• Conventional Cars
• Electric Cars

Automotive Plastics Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• BASF SE
• SABIC
• LyondellBasell Industries Holdings BV
• LG Chem
• DuPont
• Covestro AG
• Evonik Industries AG
• Solvay
• Arkema SA
• Borealis AG

Actionable Outcomes

Our Automotive Plastics Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will grow in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Automotive Plastics market size
• Automotive Plastics market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Automotive Plastics market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Automotive Plastics market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Automotive Plastics market share
• Measures to consider for Automotive Plastics market