Automotive Plastics Market Industry Outlook, Size, Growth Factors and Forecast 2030

Automotive Plastics Market:size was valued at US$ 22.77 Bn. in 2022 and the total Automotive Plastics revenue is expected to grow at 7.9 % through 2022 to 2029, reaching nearly US$ 38.77 Bn.

Automotive Plastics Market Overview

The report serves as a comprehensive guide for investors, stakeholders, and market followers of the  Automotive Plastics  Market. It offers an in-depth analysis of the market size, segmentation, drivers, and restraints. Factors that are expected to impact the industry positively or negatively are also included, providing decision-makers with a clear understanding of the  Automotive Plastics  industry’s future outlook.

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Automotive Plastics Market Report Scope and Research Methodology

The research for this report employs a combination of primary and secondary research methods to provide a detailed and accurate analysis of the   Automotive Plastics Market. The bottom-up approach is utilized to estimate the market size, while secondary research is used to identify key players in the market. Primary research involves conducting interviews with significant opinion leaders and industry experts, including business owners and marketing specialists. Secondary research involves a thorough review of the annual and financial reports of top manufacturers to calculate their market revenues.

Automotive Plastics Market Regional Insights :

The research includes a global-level regional analysis, providing a comprehensive understanding of the dominant market share and penetration in different regions. It also highlights emerging regions expected to become major markets for  Automotive Plastics  . The report encompasses a competitive analysis, focusing on growth models, new strategies, and technologies adopted by key players in the market.

Automotive Plastics Market Segmentation :

In 2022, the PP category had the largest market share among all product types. Polypropene is also known as polypropylene (PP). The thermoplastic polymer polypropylene is easily moulded into nearly any shape. The material polypropylene is frequently used in passenger cars for underbody, exterior, and interior components. Engineers choose polypropylene over other plastics because it is a commodity and less expensive than other engineered polymers. Engineers frequently employ polypropylene to satisfy the low-cost vehicle design requirements. The significant share of the passenger car automotive plastics industry that PP holds is explained by these factors.

The PVC market is well-known for its exceptional low lead content, flexibility, thermal stability, and flame retardancy. The kind and quantity of plasticizers utilised will determine.

According to application, the need for comfort features will propel the automotive plastics market for passenger cars' interior application sector. Since plastics are rapidly being used in interior applications to provide impact resistance and dimensional stability, the interior application leads the market. Car interior applications using plastics provide excellent colour, durability, and visual appeal. The interior segment includes the dashboard, entertainment systems, instrument cluster, steering wheel assembly and component, airbag, floor parts and components (carpet and other floor material), carpets in the hood and trunk, breaks, gears, cables, connectors, and sockets.

Automotive Plastics Market Key Players :

1. AkzoNobel N.V 2. BASF SE 3. Covestro 4. Evonik Industries AG 5. Johnson Controls 6. Magna International 7. Momentive Performance Materials Inc. 8. SABIC 9. The Dow Chemical Company 10.Borealis AG 11.Hanwha Azdel Inc. 12.Grupo Antolin 13.Lear Corp. 14.Owens Corning 15.Quadrant AG 16.Royal DSM N.V 17.Teijin Ltd 18.Compagnie Plastic 19.Zoltek Companies Inc. 20.DSM Engineering Plastics B.V. 21.EXXON Mobile 22.Arkema 23.Johnson Controls 24.Bayer Material Science AG 25.China National Offshore Oil Corporation 26.Mitsubishi Chemical Holdings Corp. 27.National Petrochemical Company 28.Grupa Azoty S.A

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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