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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Automotive Plastics Market: By Product Type, Polyethylene and Low-density polyethylene ), Polybutylene terephthalate, Polymethyl Methacrylate, Polyamide, Polycarbonate, Polypropylene, Polyurethane, Polyvinyl Chloride and Others ), By Vehicle Type, By Application and Region Forecast 2019-2030
Automotive plastics market size was valued at US$ 29.22 billion in 2023 and is poised to grow at a significant CAGR of 9.8% from 2024-2030. Due to the increase in economic conditions in the automobile user population across the globe. Additionally, replacing traditionally used materials with highly advanced plastics for automobile manufacturing enhances features such as less weight, more appeal, and increased fuel efficiency. Moreover, technological advancement for innovations and techniques for the development of specialized materials will boost the growth of the market.
However, the high cost of raw materials, non-degradable nature, and the concerns related to environmental pollution due to the toxicity released during the manufacturing process are the major factors that hinder the growth of the market. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
Study Period
2024-2030Base Year
2023CAGR
9.8%Largest Market
Asia PacificFastest Growing Market
North America
Rising economic standards and changing in the lifestyle, increasing in the huge number of vehicle user. Key Manufacturers are concentrating to develop and manufacture high-performance automobile and components thus conventionally used materials such as metals, glass and ceramic are replaced with high standard plastics. These plastics have superior properties such as versatility, durability and flexibility have fostered innovations in terms of technologies and designs of the automobiles.
Growing demand for various automobile furnishing product such as light panels & displays, steering wheels, fascia systems, and seat covers. Owing to ideal insulation properties & rising safety concerns also accelerate market growth. Additionally, they find extensive usage in interior automotive components such as headliners, load floors, rear package shelves and seat bases. Moreover, rising disposable income, technological advancement and rising demand will fuel trhe market growth during the forecast period.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 29.22 billion |
Market CAGR |
9.8% |
By Product Type |
|
By Vehicle Type |
|
By Application |
|
By Region |
|
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The automotive plastics market size was valued at US$ 29.22 billion in 2023 and is set to grow at a significant CAGR of 9.8% from 2024-2030.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The market key players are: AkzoNobel N.V. BASF SE Bayer MaterialScience AG Evonik Industries Grupo Antolin-Irausa S.A. Johnson Controls Lear Corporation Lyondellbassell Magna International Incorporated Momentive Performance Materials Inc. Owens Corning Corporation Royal DSM N.V. SABIC Teijin limited The Dow Chemical Company
1. Executive Summary |
2. Global Automotive Plastics Market Introduction |
2.1.Global Automotive Plastics Market - Taxonomy |
2.2.Global Automotive Plastics Market - Definitions |
2.2.1.Product Type |
2.2.2.Vehicle Type |
2.2.3.Application |
2.2.4.Region |
3. Global Automotive Plastics Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Automotive Plastics Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Automotive Plastics Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Acrylonitrile Butadiene Styrene (ABS) |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Polyethylene |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. High-density polyethylene (HDPE ) |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Low-density polyethylene (LDPE) |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Polybutylene terephthalate (PbT) |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Polymethyl Methacrylate (PMMA) |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Polyamide (PA) |
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
5.8. Polycarbonate (PC) |
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.8.3. Market Opportunity Analysis |
5.9. Polypropylene (PP) |
5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.9.3. Market Opportunity Analysis |
5.10. Polyurethane (PU) |
5.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.10.3. Market Opportunity Analysis |
5.11. Polyvinyl Chloride (PVC) |
5.11.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.11.3. Market Opportunity Analysis |
5.12. Others (PET, and ASA) |
5.12.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.12.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.12.3. Market Opportunity Analysis |
6. Global Automotive Plastics Market By Vehicle Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Passenger Cars |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Light Commercial Vehicles |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Heavy Commercial Vehicles |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7. Global Automotive Plastics Market By Application , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Powertrain |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Electrical Components |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Interior Furnishings |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Exterior Furnishings |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Under The Hood Components |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Chassis |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
8. Global Automotive Plastics Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9. North America Automotive Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Acrylonitrile Butadiene Styrene (ABS) |
9.1.2.Polyethylene |
9.1.3.High-density polyethylene (HDPE ) |
9.1.4.Low-density polyethylene (LDPE) |
9.1.5.Polybutylene terephthalate (PbT) |
9.1.6.Polymethyl Methacrylate (PMMA) |
9.1.7.Polyamide (PA) |
9.1.8.Polycarbonate (PC) |
9.1.9.Polypropylene (PP) |
9.1.10.Polyurethane (PU) |
9.1.11.Polyvinyl Chloride (PVC) |
9.1.12.Others (PET, and ASA) |
9.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Passenger Cars |
9.2.2.Light Commercial Vehicles |
9.2.3.Heavy Commercial Vehicles |
9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Powertrain |
9.3.2.Electrical Components |
9.3.3.Interior Furnishings |
9.3.4.Exterior Furnishings |
9.3.5.Under The Hood Components |
9.3.6.Chassis |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10. Europe Automotive Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Acrylonitrile Butadiene Styrene (ABS) |
10.1.2.Polyethylene |
10.1.3.High-density polyethylene (HDPE ) |
10.1.4.Low-density polyethylene (LDPE) |
10.1.5.Polybutylene terephthalate (PbT) |
10.1.6.Polymethyl Methacrylate (PMMA) |
10.1.7.Polyamide (PA) |
10.1.8.Polycarbonate (PC) |
10.1.9.Polypropylene (PP) |
10.1.10.Polyurethane (PU) |
10.1.11.Polyvinyl Chloride (PVC) |
10.1.12.Others (PET, and ASA) |
10.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Passenger Cars |
10.2.2.Light Commercial Vehicles |
10.2.3.Heavy Commercial Vehicles |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Powertrain |
10.3.2.Electrical Components |
10.3.3.Interior Furnishings |
10.3.4.Exterior Furnishings |
10.3.5.Under The Hood Components |
10.3.6.Chassis |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
11. Asia Pacific (APAC) Automotive Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Acrylonitrile Butadiene Styrene (ABS) |
11.1.2.Polyethylene |
11.1.3.High-density polyethylene (HDPE ) |
11.1.4.Low-density polyethylene (LDPE) |
11.1.5.Polybutylene terephthalate (PbT) |
11.1.6.Polymethyl Methacrylate (PMMA) |
11.1.7.Polyamide (PA) |
11.1.8.Polycarbonate (PC) |
11.1.9.Polypropylene (PP) |
11.1.10.Polyurethane (PU) |
11.1.11.Polyvinyl Chloride (PVC) |
11.1.12.Others (PET, and ASA) |
11.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Passenger Cars |
11.2.2.Light Commercial Vehicles |
11.2.3.Heavy Commercial Vehicles |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Powertrain |
11.3.2.Electrical Components |
11.3.3.Interior Furnishings |
11.3.4.Exterior Furnishings |
11.3.5.Under The Hood Components |
11.3.6.Chassis |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12. Middle East and Africa (MEA) Automotive Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Acrylonitrile Butadiene Styrene (ABS) |
12.1.2.Polyethylene |
12.1.3.High-density polyethylene (HDPE ) |
12.1.4.Low-density polyethylene (LDPE) |
12.1.5.Polybutylene terephthalate (PbT) |
12.1.6.Polymethyl Methacrylate (PMMA) |
12.1.7.Polyamide (PA) |
12.1.8.Polycarbonate (PC) |
12.1.9.Polypropylene (PP) |
12.1.10.Polyurethane (PU) |
12.1.11.Polyvinyl Chloride (PVC) |
12.1.12.Others (PET, and ASA) |
12.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Passenger Cars |
12.2.2.Light Commercial Vehicles |
12.2.3.Heavy Commercial Vehicles |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Powertrain |
12.3.2.Electrical Components |
12.3.3.Interior Furnishings |
12.3.4.Exterior Furnishings |
12.3.5.Under The Hood Components |
12.3.6.Chassis |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13. Latin America Automotive Plastics Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Acrylonitrile Butadiene Styrene (ABS) |
13.1.2.Polyethylene |
13.1.3.High-density polyethylene (HDPE ) |
13.1.4.Low-density polyethylene (LDPE) |
13.1.5.Polybutylene terephthalate (PbT) |
13.1.6.Polymethyl Methacrylate (PMMA) |
13.1.7.Polyamide (PA) |
13.1.8.Polycarbonate (PC) |
13.1.9.Polypropylene (PP) |
13.1.10.Polyurethane (PU) |
13.1.11.Polyvinyl Chloride (PVC) |
13.1.12.Others (PET, and ASA) |
13.2. Vehicle Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Passenger Cars |
13.2.2.Light Commercial Vehicles |
13.2.3.Heavy Commercial Vehicles |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Powertrain |
13.3.2.Electrical Components |
13.3.3.Interior Furnishings |
13.3.4.Exterior Furnishings |
13.3.5.Under The Hood Components |
13.3.6.Chassis |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.AkzoNobel N.V. |
14.2.2.BASF SE |
14.2.3.Bayer MaterialScience AG |
14.2.4.Evonik Industries |
14.2.5.Grupo Antolin-Irausa S.A. |
14.2.6.Johnson Controls |
14.2.7.Lear Corporation |
14.2.8.Lyondellbassell |
14.2.9.Magna International Incorporated |
14.2.10.Momentive Performance Materials Inc. |
14.2.11.Owens Corning Corporation |
14.2.12.Royal DSM N.V. |
14.2.13.SABIC |
14.2.14.Teijin limited |
14.2.15.The Dow Chemical Company |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players