The global automotive additives market is estimated at USD 8.2 Billion in 2022 and is forecast to reach USD 13.2 Billion by 2032, growing at a CAGR of 4.9% during 2022-2032. Fact.MR estimates that automotive additives market accounted around ~5% of the global additives market in 2021 due to the fact that automotive additives market players focused on providing anti-scratch additives in recent past with an aim to increase the lifetime of the vehicle and maintain high-quality appearance, especially in the case of internal automotive parts. Moreover, thermal and light stabilizers were also provided by the companies operating in the automotive additives market.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Automotive Additives Market both at worldwide and provincial levels.
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Market Players: –
- Saudi Basic Industries Corp
- Akzo Nobel NV
- Covestro AG
- LANXESS AG
- BASF SE
- The Dow Chemical Company
- Clariant AG
- Solvay SA
- Croda International PLC
- Evonik Industries AG
- ExxonMobil Corporation
- Kaneka Corporation
Competitive Landscape: Top Companies in Automotive Additives Market
The global automotive additives market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced automotive additives.
Fact.MR has provided detailed information about price points of top manufacturers of automotive additives positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
Global Automotive Additives Market Segments
- By Plastic Additives :
- Plasticizers
- Anti-Scratch
- Stabilizers
- Antioxidants
- Others
- By Polymer Type :
- Polypropylene (PP)
- Polyurethane (PUR)
- Poly-Vinyl Chloride (PVC)
- Acrylonitrile Butadiene Styrene (ABS)
- By Application :
- Exterior
- Interior
- Under the Hood
- Electronics & Electrical
- By Vehicle Type :
- Compact Passenger Cars
- Mid-sized Passenger Cars
- Premium Passenger Cars
- Luxury Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Automotive Additives Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.
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