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Automotive Plastics Market

Global Automotive Plastics Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021-2026 - (By Product Coverage, Application Coverage, By Geography, Leading Companies)

Published Date: Feb 2022 | Format: | No. of Pages: 170

Industry: Chemicals & Materials


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Automotive Plastics Market Outlook

Global automotive plastics market is estimated to be worth US$68.6 Bn by the end of 2026, up from US$48.7 Bn recorded in 2018. Between the forecast years of 2022 and 2026, the market is expected to register a CAGR of 7.7%.

Market Analysis in Brief

In the past few years, owing to the stringent emission regulations and focus on safety standards in the automotive industry, the role of plastic in the production and design of cars has increased. These legislative needs together with buyers demanding fuel-efficient cars have led carmakers to put emphasis on lightweight materials. An estimated 10% car weight reduction will reduce fuel usage by around 7%-8%. Rising car sales, increasing demand for lightweight materials, and a boom in vehicle electrification are poised to offer ample growth opportunities in the automotive plastics market over the coming decade.
Automotive Plastics Market

Key Report Findings

  • In 2020, interior applications remained the largest market and accounted for more than 40% of the total automotive plastics market in terms of volume
  • Polypropylene (PP), polyurethane (PU), polyamide (PA), and polyvinyl chloride (PVC) accounted for more than 65% of the automotive plastics industry in 2020
  • In 2020, Asia Pacific held around 50% of the automotive plastics market

Growth Drivers

Stringent Emission Regulations, and Growing Vehicle Electrification

The average car consists of more than 30,000 parts, including the smallest of screws, nuts, and bolts. These parts are produced with a variety of raw materials and manufacturing processes. Today, more than 30% of these components are made up of plastics. Plastics have revolutionized the automotive industry in terms of performance, build, safety, and functionality. The automotive plastics market is the third-largest outlet for plastics after packaging and construction. The automotive industry is expected to grow by 5% and sales are likely to cross the mark of 100 million units in the next 5 years.

Overview of Key Segments

Polypropylene and Polyurethane to Lead

In total, the automotive industry deploys more than 39 types of plastic materials including commodity and engineered plastics. Polypropylene (PP), polyurethane (PU), polyamide (PA), and polyvinyl chloride (PVC) accounted for more than 65% of the automotive plastics market in 2020, with PP being the clear leader with a share of 33% in terms of volume. These materials are used in a range of applications including interior, exterior, under the hood, and lighting. These materials aid automakers to make vehicles lighter and fuel efficient, thus lowering GHG emissions. There has been a rise in adoption levels for new energy vehicles (NEVs) such as battery electric vehicles and electrification of vehicle fleets including light, medium and heavy-duty vehicles. These factors will offer abundant growth prospects for polypropylene, polycarbonate, polyurethane, and polyamides.

Polycarbonates Fastest Growing

With the technological changes in autonomous vehicles and the e-mobility landscape, polycarbonate will be the top gainer in EVs. There will surge in huge demand for polycarbonate from electrification and lighting components. Polycarbonate meets the demand for electric vehicle battery thermal management and integration of LiDAR sensors in the structure. In volume terms, polycarbonate is expected to exhibit the fastest growth in the automotive plastics market with a CAGR of 8.6% between 2022 and 2026.

Interior Parts to Remain the Largest Application Segment

Plastics are used in numerous applications in vehicles for instance interior trims, upholstery, under the hood components, exterior parts, fuel system, dashboard, bumper, instrumental panels, and lighting. In 2020, interior applications remained the largest market and accounted for more than 40% of the total automotive plastics market in volume terms. Interior trims, instrument cluster, lighting, seat leather upholstery, door panels and consoles deploy a wide range of plastics such as PP, PU, PVC, PA, and ABS. These plastics allow interior design flexibility, cost-competitive manufacturing, and reduced noise, vibration, and harshness (NVH). Furthermore, these plastic materials also meet the requirements of safety, ergonomics, and aesthetic appearance of vehicles.

Under the Hood to Display Fastest Growth    

Under the hood applications segment is projected to exhibit the fastest growth in automotive plastics market. With under the hood conditions turning out to be more challenging, carmakers are increasingly relying on high-temp plastics such as polyamides, polycarbonates, and ABS. There is a shift towards turbocharged engines as they are more eco-friendly and more efficient. With stringent emissions standards, major OEMs are turning their focus towards turbochargers to provide cleaner transportation. The growth in turbocharger engines growth augurs well with the rise in demand for high-temp plastics.  The demand for plastics in also expected to rise from exterior components due to their properties to create complex shapes, bringing high aesthetic value and smooth finishing to the vehicles.

Fairfield

Growth Opportunities Across Regions

Asia Pacific Accounts for the Largest Share

Asia Pacific by far continues to be the largest automobile producing region. In 2020, Asia Pacific held around 50% of the automotive plastics market. Major manufacturing hubs include China, Japan, South Korea, India, and Southeast Asia. Although, the plastic consumption per vehicle is low in the region as compared to Europe and North America, with automotive production shifting towards premium vehicles, the amount of plastic consumption is projected to rise.

OEMs in these countries are focusing on fuel-efficient and lightweight vehicles due to change in consumer preferences and stringent emissions standards. Plastics have become an excellent alternative to the traditional materials such as steel and cast iron, thus the demand for automotive plastics is anticipated to grow in the region over the coming years.

Europe Emerges Lucrative Post-pandemic

The demand for automotive plastics in Europe, and North America is expected to grow owing to the large adoption of turbocharged engines, and vehicle electrification. Governments in these regions have stringent norms of CO2 emissions, thus accelerating subsidies on EVs and bans on diesel vehicles. Despite, the EV sales growth in Europe has been exponential post-COVID-19, which is likely to drive the demand for lightweight materials including plastics.

Competition Analysis – Automotive Plastics Market Space

Companies operating in the automotive plastics market have strong global as well as domestic presence. The competition is intense with maximum focus on new product innovation, sustainable products, and developing high-temp plastic blends to reduce environmental impact. Growing demand for high-temp resistant plastics, especially in high-growth application such as under the hood has promoted noteworthy innovations in the sector. Furthermore, companies are also incorporating recycled plastics products in their portfolio.

Key Players

SABIC (Saudi Arabia), Borealis AG (Austria), BASF SE (Germany), Evonik Industries AG (Germany), Solvay (Belgium), LG Chem (South Korea), LyondellBasell Industries Holdings BV (Netherlands), DuPont (US), Arkema SA (France), Covestro AG (Germany)

Recent Notable Developments

  • In 2021, Borealis announced the availability of Borcycle™, its polyolefin-based solution composed of both virgin and post-consumer recyclate (PCR) for the North American automotive market. These products can be deployed in the interior, exterior as well as under the hood applications
  • In 2019, SABIC launched XENOY™ HTX resin, a new polyester-based resin technology enabling the production of impact and heat resistant and high-performance structural parts and under the hood components

The Global Automotive Plastics Market is Segmented as Below:

By Product Coverage

  • Polypropylene (PP)
  • Polyurethane (PU)
  • Polyamide (PA)
  • Polyvinylchloride (PVC)
  • High Density Polyethylene (HDPE)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polycarbonate (PC)
  • (Including PBT, PMMA, PET, LDPE, etc.)

By Application Coverage

  • Interior
  • Exterior
  • Electronics and Light
  • Under the Hood
  • (Chassis, Powertrain Components, etc.)

By Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Turkey
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Iran
    • Rest of Middle East & Africa

Leading Companies

  • LyondellBasell Industries N.V.
  • BASF SE
  • SABIC
  • Covestro AG
  • Borealis AG
  • LG Chem
  • LANXESS AG
  • Celanese Corporation
  • INEOS
  • Asahi Kasei Corporation
  • Koninklijke DSM N.V.

Inside This Report You Will Find:

1. Executive Summary
2. Market Overview
3. Production Output and Trade Statistics
4. Price Trends Analysis and Future Projects, 2018 - 2026
5. Global Automotive Plastics Market Outlook, 2018 - 2026
6. North America Automotive Plastics Market Outlook, 2018 - 2026
7. Europe Automotive Plastics Market Outlook, 2018 - 2026
8. Asia Pacific Automotive Plastics Market Outlook, 2018 - 2026
9. Latin America Automotive Plastics Market Outlook, 2018 - 2026
10. Middle East & Africa Automotive Plastics Market Outlook, 2018 - 2026
11. Competitive Landscape
12. Appendix

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1. Executive Summary
      1.1. Global Automotive Plastics Market Snapshot
      1.2. Future Projections
      1.3. Key Market Trends
      1.4. Analyst Recommendations

2. Market Overview
      2.1. Market Definitions and Segmentations
      2.2. Market Dynamics
             2.2.1. Drivers
             2.2.2. Restraints
             2.2.3. Market Opportunities
      2.3. Value Chain Analysis
      2.4. Porter’s Five Forces Analysis
      2.5. Covid-19 Impact Analysis
             2.5.1. Supply
             2.5.2. Demand
      2.6. Economic Overview

3. Production Output and Trade Statistics

4. Price Trends Analysis and Future Projects, 2018 - 2026
      4.1. Global Average Price Analysis, by Product, US$ per Kg
      4.2. Global Average Price Analysis, by Region, US$ per Kg

5. Global Automotive Plastics Market Outlook, 2018 - 2026
      5.1. Global Automotive Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             5.1.1. Key Highlights
                    5.1.1.1. Polypropylene (PP)
                    5.1.1.2. Polyurethane (PU)
                    5.1.1.3. Polyamide (PA)
                    5.1.1.4. Polyvinylchloride (PVC)
                    5.1.1.5. High Density Polyethylene (HDPE)
                    5.1.1.6. Acrylonitrile Butadiene Styrene (ABS)
                    5.1.1.7. Polycarbonate (PC)
                    5.1.1.8. Misc. (Including PBT, PMMA, PET, LDPE, etc.)
      5.2. Global Automotive Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             5.2.1. Key Highlights
                    5.2.1.1. Interior
                    5.2.1.2. Exterior
                    5.2.1.3. Electronics and Light
                    5.2.1.4. Under the Hood
                    5.2.1.5. Misc. (Chassis, etc.)
      5.3. Global Automotive Plastics Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             5.3.1. Key Highlights
                    5.3.1.1. North America
                    5.3.1.2. Europe
                    5.3.1.3. Asia Pacific
                    5.3.1.4. Latin America
                    5.3.1.5. Middle East & Africa

6. North America Automotive Plastics Market Outlook, 2018 - 2026
      6.1. North America Automotive Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             6.1.1. Key Highlights
                    6.1.1.1. Polypropylene (PP)
                    6.1.1.2. Polyurethane (PU)
                    6.1.1.3. Polyamide (PA)
                    6.1.1.4. Polyvinylchloride (PVC)
                    6.1.1.5. High Density Polyethylene (HDPE)
                    6.1.1.6. Acrylonitrile Butadiene Styrene (ABS)
                    6.1.1.7. Polycarbonate (PC)
                    6.1.1.8. Misc. (Including PBT, PMMA, PET, LDPE, etc.)
             6.1.2. BPS Analysis/Market Attractiveness Analysis
      6.2. North America Automotive Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             6.2.1. Key Highlights
                    6.2.1.1. Interior
                    6.2.1.2. Exterior
                    6.2.1.3. Electronics and Light
                    6.2.1.4. Under the Hood
                    6.2.1.5. Misc. (Chassis, etc.)
             6.2.2. BPS Analysis/Market Attractiveness Analysis
      6.3. North America Automotive Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             6.3.1. Key Highlights
                    6.3.1.1. U.S. Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    6.3.1.2. U.S. Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    6.3.1.3. Canada Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    6.3.1.4. Canada Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Automotive Plastics Market Outlook, 2018 - 2026
      7.1. Europe Automotive Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             7.1.1. Key Highlights
                    7.1.1.1. Polypropylene (PP)
                    7.1.1.2. Polyurethane (PU)
                    7.1.1.3. Polyamide (PA)
                    7.1.1.4. Polyvinylchloride (PVC)
                    7.1.1.5. High Density Polyethylene (HDPE)
                    7.1.1.6. Acrylonitrile Butadiene Styrene (ABS)
                    7.1.1.7. Polycarbonate (PC)
                    7.1.1.8. Misc. (Including PBT, PMMA, PET, LDPE, etc.)
             7.1.2. BPS Analysis/Market Attractiveness Analysis
      7.2. Europe Automotive Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             7.2.1. Key Highlights
                    7.2.1.1. Interior
                    7.2.1.2. Exterior
                    7.2.1.3. Electronics and Light
                    7.2.1.4. Under the Hood
                    7.2.1.5. Misc. (Chassis, etc.)
             7.2.2. BPS Analysis/Market Attractiveness Analysis
      7.3. Europe Automotive Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             7.3.1. Key Highlights
                    7.3.1.1. Germany Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.2. Germany Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.3. U.K. Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.4. U.K. Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.5. France Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.6. France Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.7. Spain Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.8. Spain Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.9. Turkey Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.10. Turkey Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.11. Russia Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.12. Russia Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.13. Rest of Europe Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    7.3.1.14. Rest of Europe Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Automotive Plastics Market Outlook, 2018 - 2026
      8.1. Asia Pacific Automotive Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             8.1.1. Key Highlights
                    8.1.1.1. Polypropylene (PP)
                    8.1.1.2. Polyurethane (PU)
                    8.1.1.3. Polyamide (PA)
                    8.1.1.4. Polyvinylchloride (PVC)
                    8.1.1.5. High Density Polyethylene (HDPE)
                    8.1.1.6. Acrylonitrile Butadiene Styrene (ABS)
                    8.1.1.7. Polycarbonate (PC)
                    8.1.1.8. Misc. (Including PBT, PMMA, PET, LDPE, etc.)
             8.1.2. BPS Analysis/Market Attractiveness Analysis
      8.2. Asia Pacific Automotive Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             8.2.1. Key Highlights
                    8.2.1.1. Interior
                    8.2.1.2. Exterior
                    8.2.1.3. Electronics and Light
                    8.2.1.4. Under the Hood
                    8.2.1.5. Misc. (Chassis, etc.)
             8.2.2. BPS Analysis/Market Attractiveness Analysis
      8.3. Asia Pacific Automotive Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             8.3.1. Key Highlights
                    8.3.1.1. China Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    8.3.1.2. China Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    8.3.1.3. Japan Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    8.3.1.4. Japan Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    8.3.1.5. South Korea Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    8.3.1.6. South Korea Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    8.3.1.7. India Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    8.3.1.8. India Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    8.3.1.9. Southeast Asia Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    8.3.1.10. Southeast Asia Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    8.3.1.11. Rest of Asia Pacific Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    8.3.1.12. Rest of Asia Pacific Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Automotive Plastics Market Outlook, 2018 - 2026
      9.1. Latin America Automotive Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             9.1.1. Key Highlights
                    9.1.1.1. Polypropylene (PP)
                    9.1.1.2. Polyurethane (PU)
                    9.1.1.3. Polyamide (PA)
                    9.1.1.4. Polyvinylchloride (PVC)
                    9.1.1.5. High Density Polyethylene (HDPE)
                    9.1.1.6. Acrylonitrile Butadiene Styrene (ABS)
                    9.1.1.7. Polycarbonate (PC)
                    9.1.1.8. Misc. (Including PBT, PMMA, PET, LDPE, etc.)
             9.1.2. BPS Analysis/Market Attractiveness Analysis
      9.2. Latin America Automotive Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             9.2.1. Key Highlights
                    9.2.1.1. Interior
                    9.2.1.2. Exterior
                    9.2.1.3. Electronics and Light
                    9.2.1.4. Under the Hood
                    9.2.1.5. Misc. (Chassis, etc.)
             9.2.2. BPS Analysis/Market Attractiveness Analysis
      9.3. Latin America Automotive Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             9.3.1. Key Highlights
                    9.3.1.1. Brazil Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    9.3.1.2. Brazil Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    9.3.1.3. Mexico Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    9.3.1.4. Mexico Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    9.3.1.5. Rest of Latin America Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    9.3.1.6. Rest of Latin America Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Automotive Plastics Market Outlook, 2018 - 2026
      10.1. Middle East & Africa Automotive Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             10.1.1. Key Highlights
                    10.1.1.1. Polypropylene (PP)
                    10.1.1.2. Polyurethane (PU)
                    10.1.1.3. Polyamide (PA)
                    10.1.1.4. Polyvinylchloride (PVC)
                    10.1.1.5. High Density Polyethylene (HDPE)
                    10.1.1.6. Acrylonitrile Butadiene Styrene (ABS)
                    10.1.1.7. Polycarbonate (PC)
                    10.1.1.8. Misc. (Including PBT, PMMA, PET, LDPE, etc.)
             10.1.2. BPS Analysis/Market Attractiveness Analysis
      10.2. Middle East & Africa Automotive Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             10.2.1. Key Highlights
                    10.2.1.1. Interior
                    10.2.1.2. Exterior
                    10.2.1.3. Electronics and Light
                    10.2.1.4. Under the Hood
                    10.2.1.5. Misc. (Chassis, etc.)
             10.2.2. BPS Analysis/Market Attractiveness Analysis
      10.3. Middle East & Africa Automotive Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             10.3.1. Key Highlights
                    10.3.1.1. GCC Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    10.3.1.2. GCC Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    10.3.1.3. Iran Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    10.3.1.4. Iran Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    10.3.1.5. Rest of Middle East & Africa Automotive Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
                    10.3.1.6. Rest of Middle East & Africa Automotive Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018 - 2026
             10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
      11.1. Product vs Application Heatmap
      11.2. Automotive Plastics Market Structure
      11.3. Company Market Share Analysis, 2020
      11.4. Company Profiles
             11.4.1. LyondellBasell Industries N.V.
                    11.4.1.1. Company Overview
                    11.4.1.2. Product Portfolio
                    11.4.1.3. Financial Overview
                    11.4.1.4. Business Strategies and Development
             11.4.2. BASF SE
                    11.4.2.1. Company Overview
                    11.4.2.2. Product Portfolio
                    11.4.2.3. Financial Overview
                    11.4.2.4. Business Strategies and Development
             11.4.3. SABIC
                    11.4.3.1. Company Overview
                    11.4.3.2. Product Portfolio
                    11.4.3.3. Financial Overview
                    11.4.3.4. Business Strategies and Development
             11.4.4. Covestro AG
                    11.4.4.1. Company Overview
                    11.4.4.2. Product Portfolio
                    11.4.4.3. Financial Overview
                    11.4.4.4. Business Strategies and Development
             11.4.5. Borealis AG
                    11.4.5.1. Company Overview
                    11.4.5.2. Product Portfolio
                    11.4.5.3. Production Capacities
                    11.4.5.4. Business Strategies and Development
             11.4.6. LG Chem
                    11.4.6.1. Company Overview
                    11.4.6.2. Product Portfolio
                    11.4.6.3. Financial Overview
                    11.4.6.4. Business Strategies and Development
             11.4.7. LANXESS AG
                    11.4.7.1. Company Overview
                    11.4.7.2. Product Portfolio
                    11.4.7.3. Production Capacities
                    11.4.7.4. Business Strategies and Development
             11.4.8. Celanese Corporation
                    11.4.8.1. Company Overview
                    11.4.8.2. Product Portfolio
                    11.4.8.3. Production Capacities
                    11.4.8.4. Business Strategies and Development
             11.4.9. INEOS
                    11.4.9.1. Company Overview
                    11.4.9.2. Product Portfolio
                    11.4.9.3. Production Capacities
                    11.4.9.4. Business Strategies and Development
             11.4.10. Asahi Kasei Corporation
                    11.4.10.1. Company Overview
                    11.4.10.2. Product Portfolio
                    11.4.10.3. Production Capacities
                    11.4.10.4. Business Strategies and Development
             11.4.11. Koninklijke DSM N.V.
                    11.4.11.1. Company Overview
                    11.4.11.2. Product Portfolio
                    11.4.11.3. Production Capacities
                    11.4.11.4. Business Strategies and Development

12. Appendix
      12.1. Research Methodology
      12.2. Report Assumptions
      12.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2020

2018 - 2020

2022 - 2026 

Value: US$ Million

Volume: Kilo Tons 

 

REPORT FEATURES

DETAILS

Product Coverage
  • Polypropylene (PP)
  • Polyurethane (PU)
  • Polyamide (PA)
  • Polyvinylchloride (PVC)
  • High Density Polyethylene (HDPE)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polycarbonate (PC)
  • Misc. (Including PBT, PMMA, PET, LDPE, etc.)

Application Coverage
  • Interior
  • Exterior
  • Electronics and Light
  • Under the Hood
  • Misc. (Chassis, Powertrain Components, etc.)

Geographical Coverage
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Turkey
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Iran
    • Rest of Middle East & Africa

Leading Companies
  • LyondellBasell Industries N.V.
  • BASF SE
  • SABIC
  • Covestro AG
  • Borealis AG
  • LG Chem
  • LANXESS AG
  • Celanese Corporation
  • INEOS
  • Asahi Kasei Corporation
  • Koninklijke DSM N.V.

Report Highlights

Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Product-, Application-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain), Key Trends

 

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Research Methodology

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FAQs : Automotive Plastics Market

Factors such as surge in demand for lightweight materials owing to the implementation of fuel standards such as Corporate Average Fuel Economy (CAFÉ) and stringent emission regulations coupled with rapid growth in vehicle electrification will drive the demand for automotive plastics.

The global automotive plastics market is expected to be valued at US$ 68.6 Bn by the end of 2026, wherein interior and exterior applications will account for around 70% of the total market.

In 2020, Asia Pacific held the highest share and will continue to hold around half of the automotive plastics demand by 2026. With the rise in per capita income levels and automotive industry on move, India and Southeast Asia will offer huge growth opportunities.

Mature market such as Europe and North America are showing huge growth for vehicle electrification and hybridization. Furthermore, these regions are also adopting stringent measures to limit CO2 emissions and fuel efficiency, thus expanding the usage of plastics in automotive.

Companies are developing innovative products that can withstand higher temperature levels, especially in under the hood applications. Furthermore, with goals towards sustainability companies are entering into strategic collaborations with plastic recyclers and technology providers.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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