Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Automotive Plastics Market: By Product: Acrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), Polyurethane (PU), Polyvinyl Chloride (PVC), Others; By Process; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Automotive Plastics Market Outlook

The global automotive plastics market reached a value of about USD 21.01 billion in 2021. The industry is further expected to grow at a CAGR of about 7.95% in the forecast period of 2022-2027 to reach a value of around USD 33.25 billion by 2027.

 

Asia Pacific to be a Significant Regional Market for Automotive Plastics

The Asia Pacific accounts for one of the largest shares of the automotive plastics market for passenger cars. The region is the hub for foreign investments and booming industrial sectors, mainly because of the low-cost labour, easy availability of raw materials, increased adoption of modern technologies, innovations, and easy availability of inexpensive lands. India, China, South Korea, and Japan are the major countries in the region.

 

Global Automotive Plastics Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

China is the largest automotive plastics market for passenger cars in the Asia Pacific, owing to the presence of major automobile companies. India is one of the leading passenger vehicles manufacturing hubs, making it a lucrative market for automotive plastics. Despite pandemic and supply chain issues, total passenger vehicle sales in India climbed by 11.4% in January 2020, according to the Society of Indian Automobile Manufacturers (SIAM). Growing middle-class population, industrialisation, rising disposable income, and changing lifestyles are expected to drive the demand for passenger vehicles, providing various growth prospects to the automotive plastics market for passenger cars in China. Strong government support and increased government investment are also moving the region's automotive industry forward, which is expected to stimulate demand for the product in the region.

During the anticipated period, the automotive plastics market in North America is expected to rise significantly. The region’s stringent regulatory scenario targets a decline in automotive emission, spurring the adoption of high-performance plastics over conventional metals to reduce vehicle weight. The increasing iron and steel prices are also expected to foster the demand for plastics in automobiles. The growing demand for electric vehicles in North America is expected to promote growth opportunities to the region.

Due to the COVID-19 outbreak, the automotive industry has been one of the hardest hit industries, as movement restrictions and work from home routines decreased demand for new vehicles and aftermarket spares. However, the automotive sector is expected to post a healthy recovery in 2021, although reaching pre-pandemic status would still take some time. Nonetheless, this will enable higher opportunities for automotive plastic sales compared to those registered in the last five years.

 

Automotive Plastics: Market Segmentation

Automotive plastics refers to the type of synthetic material that is recyclable, sturdy, scratch-resistant, abrasion-resistant, reduces vibration and noise, and enables the design, manufacturing, and integration of components in automobiles. Dashboards, fuel systems, bumpers, seats, liquid reservoirs, body panels, under-bonnet parts, interior trim, electrical components, exterior trim, lighting, and upholstery are examples of automotive plastics employed.

On the basis of product, the industry can be categorised into:

  • Acrylonitrile Butadiene Styrene (ABS)
  • Polypropylene (PP)
  • Polyurethane (PU)
  • Polyvinyl Chloride (PVC)
  • Polyethylene (PE)
  • Polycarbonate (PC)
  • Polymethyl Methacrylate (PMMA)
  • Polyamide (PA)
  • Others

The process for these automotive plastics includes:

  • Injection Moulding
  • Blow Moulding
  • Thermoforming
  • Others

The applications of the product can be categorised into:

  • Powertrain
  • Electrical Components
  • Interior Furnishings
  • Exterior Furnishings
  • Under-the-Hood Components
  • Chassis

Based on regions, the industry can be divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Adoption of Lightweight Materials Due to Stringent Emission Boosting the Market Growth

Several governments have enacted strict automobile pollution 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 economy while also ensuring safety and performance, propelling the global automotive plastics industry forward. Major factors driving the growth of the automotive plastics market include maximum bulk reduction possibilities and improved vehicle design and aesthetics. The growing use of plastics in powertrain engineering is likely to drive market expansion. Over the forecast period, rising product demand from the automobile industry for usage in refrigeration insulation, interior trimmings, and seat cushioning is predicted to enhance demand. Rising demand for fuel efficiency, greater comfort, and sustainable materials for automotive components are key factors driving the adoption of automotive plastics in the conventional cars segment. The rapid adoption of electric road vehicles and the application of polymers in automobiles are transforming the global automotive sector. The electrification of the vehicle fleet has been accelerating the demand for polymers for the last few years, with impetus from regulatory incentives, the development of inexpensive electric vehicles, and changing consumer perceptions.

 

Key Industry Players in the Global Automotive Plastics Market

The report gives a detailed analysis of the following key players in the global automotive plastics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • BASF SE
  • Covestro AG
  • SABIC
  • Dow Inc.
  • Borealis AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Process, Application, Region
Breakup by Product Acrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), Polyurethane (PU),
Polyvinyl Chloride (PVC), Polyethylene (PE), Polycarbonate (PC), Polymethyl Methacrylate (PMMA), Polyamide (PA), Others
Breakup by Process Injection Molding, Blow Molding, Thermoforming, Others
Breakup by Application Powertrain, Electrical Components, Interior Furnishings, Exterior Furnishings, Under-the-Hood Components, Chassis
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BASF SE, Covestro AG, SABIC, Dow Inc., Borealis AG, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Automotive Plastics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Automotive Plastics Historical Market (2017-2021) 
    8.3    Global Automotive Plastics Market Forecast (2022-2027)
    8.4    Global Automotive Plastics Market by Product
        8.4.1    Acrylonitrile Butadiene Styrene (ABS)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Polypropylene (PP)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Polyurethane (PU)
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Polyvinyl Chloride (PVC)
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Polyethylene (PE)
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Polycarbonate (PC)
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2017-2021)
            8.4.6.3    Forecast Trend (2022-2027)
        8.4.7    Polymethyl Methacrylate (PMMA)
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2017-2021)
            8.4.7.3    Forecast Trend (2022-2027)
        8.4.8    Polyamide (PA)
            8.4.8.1    Market Share
            8.4.8.2    Historical Trend (2017-2021)
            8.4.8.3    Forecast Trend (2022-2027)
        8.4.9    Others
    8.5    Global Automotive Plastics Market by Process
        8.5.1    Injection Molding
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Blow Molding
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Thermoforming
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Others
    8.6    Global Automotive Plastics Market by Application
        8.6.1    Powertrain
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Electrical Components
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Interior Furnishings
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Exterior Furnishings
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Under-the-Hood Components
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Chassis
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
    8.7    Global Automotive Plastics Market by Region       
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021) 
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021) 
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021) 
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021) 
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2017-2021) 
            8.7.5.3    Forecast Trend (2022-2027) 
9    North America Automotive Plastics Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Automotive Plastics Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Automotive Plastics Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Automotive Plastics Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Automotive  Plastics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    BASF SE
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Covestro AG
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    SABIC
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Dow Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Borealis AG
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Automotive Plastics Market: Key Industry Highlights, 2017 and 2027
2.    Global Automotive Plastics Historical Market: Breakup by Product (USD Million), 2017-2021
3.    Global Automotive Plastics Market Forecast: Breakup by Product (USD Million), 2022-2027
4.    Global Automotive Plastics Historical Market: Breakup by Process (USD Million), 2017-2021
5.    Global Automotive Plastics Market Forecast: Breakup by Process (USD Million), 2022-2027
6.    Global Automotive Plastics Historical Market: Breakup by Application (USD Million), 2017-2021
7.    Global Automotive Plastics Market Forecast: Breakup by Application (USD Million), 2022-2027
8.    Global Automotive Plastics Historical Market: Breakup by Region (USD Million), 2017-2021
9.    Global Automotive Plastics Market Forecast: Breakup by Region (USD Million), 2022-2027
10.    North America Automotive Plastics Historical Market: Breakup by Country (USD Million), 2017-2021
11.    North America Automotive Plastics Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Europe Automotive Plastics Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Europe Automotive Plastics Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Asia Pacific Automotive Plastics Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Asia Pacific Automotive Plastics Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Latin America Automotive Plastics Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Latin America Automotive Plastics Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Middle East and Africa Automotive Plastics Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Middle East and Africa Automotive Plastics Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Global Automotive Plastics Market Structure

Key Questions Answered in the Report

In 2021, the global automotive plastics market attained a value of nearly USD  21.01 billion.

The market is projected to grow at a CAGR of 7.95% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 33.25 billion by 2027.

The major drivers of the market include the industrialisation, maximum bulk reduction possibilities and improved vehicle design, growing use of plastics in powertrain engineering, greater comfort, and sustainable materials, rapid adoption of electric road vehicles and the application of polymers in automobiles, and changing consumer perceptions.

Adoption of lightweight materials due to stringent emission and fuel economy regulations and government initiatives are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major products in the industry include Acrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), Polyurethane (PU), Polyvinyl Chloride (PVC), Polyethylene (PE), Polycarbonate (PC), Polymethyl Methacrylate (PMMA), and Polyamide (PA), among others.

The process in the industry includes injection moulding, blow moulding, and thermoforming, among others.

The product finds wide applications in powertrain, electrical components, interior furnishings, exterior furnishings, and under-the-hood components, among chassis.

The major players in the industry are BASF SE, Covestro AG, SABIC, Dow Inc., and Borealis AG, among others.

Analyst Review

The global automotive plastics market attained a value of USD 21.01 billion in 2021, driven by the adoption of lightweight materials due to stringent emission and fuel economy regulations. Aided by the improved vehicle design and rapid adoption of electric road vehicles, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 7.95%. The market is projected to reach USD 33.25 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on product, the industry can be divided into acrylonitrile butadiene styrene (ABS), polypropylene (PP), polyurethane (PU), polyvinyl chloride (PVC), polyethylene (PE), polycarbonate (PC), polymethyl methacrylate (PMMA), and polyamide (PA), among others. The product finds wide applications in powertrain, electrical components, interior furnishings, exterior furnishings, and under-the-hood components, among chassis. The major regional markets for automotive plastics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are BASF SE, Covestro AG, SABIC, Dow Inc., and Borealis AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER