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Report Scope & Overview:

Automotive Plastics Market size was valued at USD 29.50 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030.

Automotive Plastics Market Overview:
Global Automotive Plastics Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. Automotive Plastics Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.
 
Overall, Automotive Plastics market plays a crucial role in helping businesses and organizations make informed decisions based on data-driven insights. As the demand for data-driven decision-making continues to grow, Automotive Plastics market research is expected to experience further growth and innovation in the coming years.

DESCIMG1

Automotive Plastics Market Value Growth Rate Analysis

The market for automotive plastics has experienced rapid expansion over the years and is anticipated to do so going forward. Due to their lightweight qualities, design flexibility, and capacity to adhere to strict regulatory standards, plastics play a crucial role in the automotive sector. These considerations have encouraged the use of automotive plastics in a variety of interior, exterior, under-the-hood, and powertrain applications within automobiles.

The growing demand for lightweight materials in the automobile industry is one of the main factors driving the automotive plastics market. When compared to conventional materials like metal, plastics offer a significant weight reduction that can enhance fuel efficiency and lower emissions. Automobile manufacturers are increasingly using lightweight materials like plastics to meet criteria for environmental sustainability and fuel efficiency.


Market Segmentations:

Global Automotive Plastics Market: By Company
• AkzoNobel N.V.
• BASF
• Covestro
• Evonik Industries
• Johnson Controls International
• Magna International
• Momentive Performance Materials
• SABIC
• The Dow Chemical Company
• Borealis
• Hanwha Azdel
• Grupo Antolin
• Lear Corp
• Owens Corning
• Quadrant
• Royal DSM
• Teijin

Global Automotive Plastics Market: By Type
• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinyl Chloride (PVC)
• Polyethylene (PE)
• Polycarbonate (PC)
• Polymethyl Methacrylate (PMMA)
• Polyamide (PA)
• Others

Global Automotive Plastics Market: By Application
• Automotive Bumpers
• Flexible Foam Seating
• Automobile Instruments Panels
• Others

Global Automotive Plastics Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive Plastics market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Report Attribute/MetricDetails
Market Size 2022USD 29.50 billion
Market Size 2030USD billion
Compound Annual Growth Rate (CAGR)5.2% (2023 to 2030)
Base Year2023
Forecast Period2023 to 2030
Historical Data2020-2022
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape,
Growth Factors, and Trends 
Segments CoveredBy Company, By Type, By Application,
By End-user and By Region
Key Companies Profiled• AkzoNobel N.V.
• BASF
• Covestro
• Evonik Industries
• Johnson Controls International
• Magna International
• Momentive Performance Materials
• SABIC
• The Dow Chemical Company
• Borealis
• Hanwha Azdel
• Grupo Antolin
• Lear Corp
• Owens Corning
• Quadrant
• Royal DSM
• Teijin
Regions and Key Countries CoveredU.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America
Customization ScopeAvailable on Request

Automotive Plastics Market Growth Prospects:
  • Lightweighting and Fuel Efficiency: To reduce the overall weight of vehicles, automakers are increasingly turning to lightweight materials like plastics due to strict environmental laws and a growing focus on fuel efficiency. When compared to conventional materials like metal, automotive plastics significantly reduce weight, improving fuel efficiency and lowering pollutants.
  • Adoption of Electric Vehicles (EV): The market for automotive plastics has a sizable chance to grow as a result of the rising demand for electric vehicles. Plastics are employed in a variety of components including battery enclosures, interior panels, and structural sections because electric vehicles (EVs) need lightweight materials to balance the weight of their hefty battery packs.
  • Technological Developments: The automotive plastics sector is seeing ongoing technological development. Manufacturers are creating novel plastic materials with increased characteristics such improved mechanical strength, chemical resistance, and heat resistance. The usage of plastics in numerous automotive applications is becoming more and more feasible as a result of these developments.
  • Demand for Safety and Crashworthiness: Plastics are essential to improving safety and crashworthiness in automobiles. Airbags, seat belts, and headlight lenses are made of advanced plastics like polycarbonate. The need for automotive plastics with outstanding impact resistance and crashworthiness will rise as the focus on passenger safety continues to grow.
Reasons to Purchase Automotive Plastics Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Overall, market research reports provide businesses and organizations with valuable information that can help them make informed decisions and stay competitive in their industry. They can provide a solid foundation for business planning, strategy development, and decision-making.

Objectives of Automotive Plastics Market Study:
The objectives of Automotive Plastics market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Automotive Plastics market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Overall, the objectives of Automotive Plastics market research report are to provide businesses and organizations with valuable insights and data-driven recommendations that can help them make informed business decisions and stay competitive in their industry.

Frequently Asked Questions

  The automotive plastics market refers to the industry involved in the production, sale, and distribution of plastic materials and components used in automobiles. It encompasses a wide range of plastic products utilized in various automotive applications.

  Several factors contribute to the growth of the automotive plastics market, including the increasing demand for lightweight and fuel-efficient vehicles, rising automotive production, stringent emission regulations, the need for improved safety features, and advancements in plastic manufacturing technologies.

  Plastics offer numerous advantages in the automotive industry, such as weight reduction, improved fuel efficiency, enhanced design flexibility, corrosion resistance, reduced production costs, noise and vibration damping, recyclability, and improved safety features.

  The automotive plastics market faces challenges such as high tooling costs, limited heat resistance of some plastic materials, concerns over recyclability and environmental impact, fluctuating raw material prices, and the need for compliance with strict safety and quality standards.

  The demand for lightweight materials, including plastics, in the automotive industry is driven by the need to improve fuel efficiency and reduce greenhouse gas emissions. Plastics offer significant weight reduction compared to traditional materials like metal, contributing to improved fuel economy without compromising structural integrity and safety.

TABLE OF CONTENT

1 Automotive Plastics Market Overview
1.1 Product Definition
1.2 Automotive Plastics Segment by Type
1.2.1 Global Automotive Plastics Market Value Growth Rate Analysis by Type 2023 VS 2032
1.2.2 Acrylonitrile Butadiene Styrene (ABS)
1.2.3 Polypropylene (PP)
1.2.4 Polyurethane (PU)
1.2.5 Polyvinyl Chloride (PVC)
1.2.6 Polyethylene (PE)
1.2.7 Polycarbonate (PC)
1.2.8 Polymethyl Methacrylate (PMMA)
1.2.9 Polyamide (PA)
1.2.10 Others
1.3 Automotive Plastics Segment by Application
1.3.1 Global Automotive Plastics Market Value Growth Rate Analysis by Application: 2023 VS 2032
1.3.2 Automotive Bumpers
1.3.3 Flexible Foam Seating
1.3.4 Automobile Instruments Panels
1.3.5 Others
1.4 Global Market Growth Prospects
1.4.1 Global Automotive Plastics Production Value Estimates and Forecasts (2017-2032)
1.4.2 Global Automotive Plastics Production Capacity Estimates and Forecasts (2017-2032)
1.4.3 Global Automotive Plastics Production Estimates and Forecasts (2017-2032)
1.4.4 Global Automotive Plastics Market Average Price Estimates and Forecasts (2017-2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Automotive Plastics Production Market Share by Manufacturers (2017-2023)
2.2 Global Automotive Plastics Production Value Market Share by Manufacturers (2017-2023)
2.3 Global Key Players of Automotive Plastics, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Automotive Plastics Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Automotive Plastics Average Price by Manufacturers (2017-2023)
2.6 Global Key Manufacturers of Automotive Plastics, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Automotive Plastics, Product Offered and Application
2.8 Global Key Manufacturers of Automotive Plastics, Date of Enter into This Industry
2.9 Automotive Plastics Market Competitive Situation and Trends
2.9.1 Automotive Plastics Market Concentration Rate
2.9.2 Global 5 and 10 Largest Automotive Plastics Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Automotive Plastics Production by Region
3.1 Global Automotive Plastics Production Value Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.2 Global Automotive Plastics Production Value by Region (2017-2032)
3.2.1 Global Automotive Plastics Production Value Market Share by Region (2017-2023)
3.2.2 Global Forecasted Production Value of Automotive Plastics by Region (2023-2032)
3.3 Global Automotive Plastics Production Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.4 Global Automotive Plastics Production by Region (2017-2032)
3.4.1 Global Automotive Plastics Production Market Share by Region (2017-2023)
3.4.2 Global Forecasted Production of Automotive Plastics by Region (2023-2032)
3.5 Global Automotive Plastics Market Price Analysis by Region (2017-2023)
3.6 Global Automotive Plastics Production and Value, Year-over-Year Growth
3.6.1 North America Automotive Plastics Production Value Estimates and Forecasts (2017-2032)
3.6.2 Europe Automotive Plastics Production Value Estimates and Forecasts (2017-2032)
3.6.3 China Automotive Plastics Production Value Estimates and Forecasts (2017-2032)
3.6.4 Japan Automotive Plastics Production Value Estimates and Forecasts (2017-2032)
4 Automotive Plastics Consumption by Region
4.1 Global Automotive Plastics Consumption Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
4.2 Global Automotive Plastics Consumption by Region (2017-2032)
4.2.1 Global Automotive Plastics Consumption by Region (2017-2023)
4.2.2 Global Automotive Plastics Forecasted Consumption by Region (2023-2032)
4.3 North America
4.3.1 North America Automotive Plastics Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.3.2 North America Automotive Plastics Consumption by Country (2017-2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Automotive Plastics Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.4.2 Europe Automotive Plastics Consumption by Country (2017-2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Automotive Plastics Consumption Growth Rate by Region: 2018 VS 2023 VS 2032
4.5.2 Asia Pacific Automotive Plastics Consumption by Region (2017-2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Automotive Plastics Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.6.2 Latin America, Middle East & Africa Automotive Plastics Consumption by Country (2017-2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Automotive Plastics Production by Type (2017-2032)
5.1.1 Global Automotive Plastics Production by Type (2017-2023)
5.1.2 Global Automotive Plastics Production by Type (2023-2032)
5.1.3 Global Automotive Plastics Production Market Share by Type (2017-2032)
5.2 Global Automotive Plastics Production Value by Type (2017-2032)
5.2.1 Global Automotive Plastics Production Value by Type (2017-2023)
5.2.2 Global Automotive Plastics Production Value by Type (2023-2032)
5.2.3 Global Automotive Plastics Production Value Market Share by Type (2017-2032)
5.3 Global Automotive Plastics Price by Type (2017-2032)
6 Segment by Application
6.1 Global Automotive Plastics Production by Application (2017-2032)
6.1.1 Global Automotive Plastics Production by Application (2017-2023)
6.1.2 Global Automotive Plastics Production by Application (2023-2032)
6.1.3 Global Automotive Plastics Production Market Share by Application (2017-2032)
6.2 Global Automotive Plastics Production Value by Application (2017-2032)
6.2.1 Global Automotive Plastics Production Value by Application (2017-2023)
6.2.2 Global Automotive Plastics Production Value by Application (2023-2032)
6.2.3 Global Automotive Plastics Production Value Market Share by Application (2017-2032)
6.3 Global Automotive Plastics Price by Application (2017-2032)
7 Key Companies Profiled
7.1 AkzoNobel N.V.
7.1.1 AkzoNobel N.V. Automotive Plastics Corporation Information
7.1.2 AkzoNobel N.V. Automotive Plastics Product Portfolio
7.1.3 AkzoNobel N.V. Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.1.4 AkzoNobel N.V. Main Business and Markets Served
7.1.5 AkzoNobel N.V. Recent Developments/Updates
7.2 BASF
7.2.1 BASF Automotive Plastics Corporation Information
7.2.2 BASF Automotive Plastics Product Portfolio
7.2.3 BASF Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.2.4 BASF Main Business and Markets Served
7.2.5 BASF Recent Developments/Updates
7.3 Covestro
7.3.1 Covestro Automotive Plastics Corporation Information
7.3.2 Covestro Automotive Plastics Product Portfolio
7.3.3 Covestro Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.3.4 Covestro Main Business and Markets Served
7.3.5 Covestro Recent Developments/Updates
7.4 Evonik Industries
7.4.1 Evonik Industries Automotive Plastics Corporation Information
7.4.2 Evonik Industries Automotive Plastics Product Portfolio
7.4.3 Evonik Industries Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.4.4 Evonik Industries Main Business and Markets Served
7.4.5 Evonik Industries Recent Developments/Updates
7.5 Johnson Controls International
7.5.1 Johnson Controls International Automotive Plastics Corporation Information
7.5.2 Johnson Controls International Automotive Plastics Product Portfolio
7.5.3 Johnson Controls International Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.5.4 Johnson Controls International Main Business and Markets Served
7.5.5 Johnson Controls International Recent Developments/Updates
7.6 Magna International
7.6.1 Magna International Automotive Plastics Corporation Information
7.6.2 Magna International Automotive Plastics Product Portfolio
7.6.3 Magna International Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.6.4 Magna International Main Business and Markets Served
7.6.5 Magna International Recent Developments/Updates
7.7 Momentive Performance Materials
7.7.1 Momentive Performance Materials Automotive Plastics Corporation Information
7.7.2 Momentive Performance Materials Automotive Plastics Product Portfolio
7.7.3 Momentive Performance Materials Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.7.4 Momentive Performance Materials Main Business and Markets Served
7.7.5 Momentive Performance Materials Recent Developments/Updates
7.8 SABIC
7.8.1 SABIC Automotive Plastics Corporation Information
7.8.2 SABIC Automotive Plastics Product Portfolio
7.8.3 SABIC Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.8.4 SABIC Main Business and Markets Served
7.7.5 SABIC Recent Developments/Updates
7.9 The Dow Chemical Company
7.9.1 The Dow Chemical Company Automotive Plastics Corporation Information
7.9.2 The Dow Chemical Company Automotive Plastics Product Portfolio
7.9.3 The Dow Chemical Company Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.9.4 The Dow Chemical Company Main Business and Markets Served
7.9.5 The Dow Chemical Company Recent Developments/Updates
7.10 Borealis
7.10.1 Borealis Automotive Plastics Corporation Information
7.10.2 Borealis Automotive Plastics Product Portfolio
7.10.3 Borealis Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.10.4 Borealis Main Business and Markets Served
7.10.5 Borealis Recent Developments/Updates
7.11 Hanwha Azdel
7.11.1 Hanwha Azdel Automotive Plastics Corporation Information
7.11.2 Hanwha Azdel Automotive Plastics Product Portfolio
7.11.3 Hanwha Azdel Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.11.4 Hanwha Azdel Main Business and Markets Served
7.11.5 Hanwha Azdel Recent Developments/Updates
7.12 Grupo Antolin
7.12.1 Grupo Antolin Automotive Plastics Corporation Information
7.12.2 Grupo Antolin Automotive Plastics Product Portfolio
7.12.3 Grupo Antolin Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.12.4 Grupo Antolin Main Business and Markets Served
7.12.5 Grupo Antolin Recent Developments/Updates
7.13 Lear Corp
7.13.1 Lear Corp Automotive Plastics Corporation Information
7.13.2 Lear Corp Automotive Plastics Product Portfolio
7.13.3 Lear Corp Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.13.4 Lear Corp Main Business and Markets Served
7.13.5 Lear Corp Recent Developments/Updates
7.14 Owens Corning
7.14.1 Owens Corning Automotive Plastics Corporation Information
7.14.2 Owens Corning Automotive Plastics Product Portfolio
7.14.3 Owens Corning Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.14.4 Owens Corning Main Business and Markets Served
7.14.5 Owens Corning Recent Developments/Updates
7.15 Quadrant
7.15.1 Quadrant Automotive Plastics Corporation Information
7.15.2 Quadrant Automotive Plastics Product Portfolio
7.15.3 Quadrant Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.15.4 Quadrant Main Business and Markets Served
7.15.5 Quadrant Recent Developments/Updates
7.16 Royal DSM
7.16.1 Royal DSM Automotive Plastics Corporation Information
7.16.2 Royal DSM Automotive Plastics Product Portfolio
7.16.3 Royal DSM Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.16.4 Royal DSM Main Business and Markets Served
7.16.5 Royal DSM Recent Developments/Updates
7.17 Teijin
7.17.1 Teijin Automotive Plastics Corporation Information
7.17.2 Teijin Automotive Plastics Product Portfolio
7.17.3 Teijin Automotive Plastics Production, Value, Price and Gross Margin (2017-2023)
7.17.4 Teijin Main Business and Markets Served
7.17.5 Teijin Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Automotive Plastics Industry Chain Analysis
8.2 Automotive Plastics Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Automotive Plastics Production Mode & Process
8.4 Automotive Plastics Sales and Marketing
8.4.1 Automotive Plastics Sales Channels
8.4.2 Automotive Plastics Distributors
8.5 Automotive Plastics Customers
9 Automotive Plastics Market Dynamics
9.1 Automotive Plastics Industry Trends
9.2 Automotive Plastics Market Drivers
9.3 Automotive Plastics Market Challenges
9.4 Automotive Plastics Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

AkzoNobel N.V.
BASF
Covestro
Evonik Industries
Johnson Controls International
Magna International
Momentive Performance Materials
SABIC
The Dow Chemical Company
Borealis
Hanwha Azdel
Grupo Antolin
Lear Corp
Owens Corning
Quadrant
Royal DSM
Teijin

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