The Automotive Plastics Market Report 2022- presents competitive environment such as key competitors, Porter’s Five Force analysis, expansions, future trends and acquisitions in the market.
“Automotive Plastics Market” (2022) research report gives granular analysis of the market size, share, segmentation, revenue, geographic regions of the market and forecasts to 2027. This report categorizes the market based on market overview, regions, analysis by types and applications, market dynamics and manufacturers profiles. Automotive Plastics Market watch out for new highest revenue Study Reports with Top Countries Data, Current Trends, Future Estimations and Opportunity Analysis. The market is expected to grow considerably in upcoming Years.
The Asia-Pacific automotive plastics market is expected to grow at a moderate rate during the forecast period (2021 – 2027). China is estimated to lead the market owing to the growing demand for new energy vehicles, supported by changing governmental policies. Interior is expected to be the largest application market.
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Company Coverage: –
– Akzo Nobel N.V.
– BASF SE
– Evonik Industries AG
– Covestro AG
– Koninklijke Ten Cate bv
– DowDuPont
– Teijin Limited
– LANXESS
– Solvay
– LyondellBasell Industries Holdings B.V.
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Market Players Competitor Analysis:
Necessity for Weight Reduction
Automotive plastics provide properties such as durability, recyclability, thermal stability, and light weight. They also give car designers flexibility to incorporate complex designs which were not possible with conventional metals like steel and aluminum. Increase in the consumption of plastics in the automotive industry is mainly due to the growing need for improvement in mileage, and increasing government standards for emissions. According to industry experts, the average car will comprise nearly 300 kg of plastics by 2020, up from 180 kg at present. This increase in consumption of plastics in automotive during the forecast period is expected to reduce automotive weight, thereby enhancing the dynamics of the vehicles, reducing energy consumption, and improving fuel economy.
Polypropylene Expected to Continue to Dominate the Market
Polypropylene is extensively replacing engineering plastics and metals in the automotive industry to achieve weight reductions and cost saving. Increase in demand for fuel economic vehicles and reduction in emission by achieving lightweight solutions have raised the demand for polypropylene in recent years. In addition, growing need for better properties from plastic materials such as high rigidity, increased impact strength, better fluidity, moldability, and low weight to keep pace with productivity, quality, and low costs is expected to drive the market for polypropylene during the forecast period.
China to Lead the Market
China is projected to dominate the automotive plastics market during the forecast period, owing to the growing demand for new energy vehicles supported by changing governmental policies. The growing middle-class population, coupled with the increase in the number of consumers willing to purchase new cars and pay for after-sales services, has increased the consumption of automotive plastics in the country. In addition, increase in demand for non-traditional vehicles, including sports utility vehicles (SUVs) and new energy vehicles (NEV), coupled with changing governmental policies related to carbon emissions, and provision of subsidy for new energy vehicles, is expected to drive the demand for automotive plastics in China during the forecast period.
Key Developments
September 2017: BASF SE launched new engineering plastics for car interior and body.
Major Players: Azko Nobel N.V., BASF SE, Evonik Industries AG, and Covestro AG, among others.
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Reasons to Purchase this Report:
- To examine the increased usage of Automotive Plastics in Industry that affect the global market scenario
- Analyze various perspectives of the market with the help of Porter’s five forces analysis
- To know the modality and application that are expected to dominate the market
- To know the regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by major market players
Customization of the Report:
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Regional Analysis: –
– North America
– Asia-Pacific
– Europe
– South America
– Africa
Some Major Points from TOC: –
1. Introduction
1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Threat of New Entrants
3.2.2 Threat of Substitute Products and Services
3.2.3 Bargaining Power of Buyers
3.2.4 Bargaining Power of Suppliers
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Safety Concerns for Drivers and Passengers
4.1.2 Need for Weight Reduction
4.2 Restraints
4.2.1 High Material Cost
4.2.2 High Investment In Material Research Activities
4.3 Opportunities
4.3.1 Increasing Demand For Automobiles In Asia-Pacific
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Material Type
5.1.1 Polypropylene (PP)
5.1.2 Polyurethane (PUR)
5.1.3 Polyvinyl Chloride (PVC)
5.1.4 Acrylonitrile Butadiene Styrene (ABS)
5.1.5 Polyethylene (PE)
5.1.6 Polycarbonate (PC)
5.1.7 Polymethyl Methacrylate (PMMA)
5.1.8 Others
5.2 By Application
5.2.1 Interior
5.2.2 Exterior
5.2.3 Under the Hood
5.2.4 Electrical Components
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 China
6.2 India
6.3 Japan
6.4 South Korea
6.5 Australia and New Zealand
6.6 Rest of Asia-Pacific
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products and Services, and Recent Developments)
8.1 Akzo Nobel N.V.
8.2 BASF SE
8.3 Evonik Industries AG
8.4 Covestro AG
8.5 Koninklijke Ten Cate bv
8.6 DowDuPont
8.7 Teijin Limited
8.8 LANXESS
8.9 Solvay
8.10 LyondellBasell Industries Holdings B.V.
*List not exhaustive
9. Disclaimer
**Subject to availability on public domain
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