Automotive Plastics Market - Global Industry Analysis

Automotive Plastics Market for Passenger Cars: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Automotive Report Format : PDF Report Code: ZMR-1152 Status : Upcoming

Description

Global Automotive Plastics Market for Passenger Cars: Overview

Automotive plastics are used in passenger cars for manufacturing automotive components such as upholstery, bumpers, internal & external trims, dashboards, and seating. R&D on the composite materials, polymers, and reinforced plastics come up with the advanced material qualities, which make them suitable for under bonnet components, interior, and exterior of automobiles. These materials are selected very carefully to facilitate designers achieve a reduction in vehicle weight, meet load-bearing requirements, and improve durability. Automotive plastics are extensively preferred for passenger cars owing to the properties such as easy moldability, reduced weight, impact strength, and improved aesthetics as compared to other conventional automotive components.

Global Automotive Plastics Market for Passenger Cars: Growth Factors

Demand for automotive plastics for passenger cars is growing across the world and automobile manufacturers are largely focus on the lightweight cars; all these factors are expected to propel the global automotive plastics market for passenger cars growth. Automotive plastics are heavily used in automotive designs and for various purposes such as improve aesthetics and carbon emissions. It also offers advantages such as fuel economy, reduced vehicle noise and vibration, and facilitating uni-body design; this is anticipated to fuel the global automotive plastics market for passenger cars growth. Automotive plastics passenger cars act as an insulator for cabin air conditioner. Automotive plastics passenger cars reduce the weight of the vehicle; these properties are anticipated to propel the growth of the global market. However, process-reengineering causes high capital and infrastructure cost, further restraining the global market to some extent.

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Automotive Plastics Market for Passenger Cars: Segmentation

The global automotive plastics market for passenger cars is classified based on the application as under bonnet, interior, and exterior. On the basis of product type, the global market is categorized as polyamide, polyvinyl chloride, polypropylene, polycarbonates, HDPE, PET, polyurethanes, PMMA, and ABS.

Global Automotive Plastics Market for Passenger Cars: Regional Analysis

The geographical representation of the global automotive plastics market for passenger cars is given by North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is considered as the major market for automotive plastics passenger cars owing to higher demand for these cars in this region. It is further expected to hold this position in the next few years. In addition, Asia Pacific is the largest producer and consumer of polypropylene globally. Europe is another region growing at a faster rate owing to enhancing socio-economic conditions. Other developing countries such as Indonesia, Thailand, China, and India are anticipated to continue their influence in the near future, positively impacting global automotive plastics market for passenger cars.

Global Automotive Plastics Market for Passenger Cars: Competitive Players

Major players in the global automotive plastics market for passenger cars are Lear Corporation, AkzoNobel N.V., Grupo Antolin-Irausa S.A., Magna International Incorporated, BASF SE, Johnson Controls, Bayer MaterialScience AG and Evonik Industries. Other players include Teijin limited, The Dow Chemical Company, Momentive Performance Materials Inc., SABIC, and Royal DSM N.V.

Global Automotive Plastics Market for Passenger Cars: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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