The automotive plastics market has gained momentum due to the rising demand for lightweight and fuel-efficient vehicles. Plastics help reduce vehicle weight, enhance fuel efficiency, and improve safety performance, making them a preferred choice among automakers. Increasing adoption of electric vehicles (EVs) and stringent emission regulations have further accelerated market growth. However, environmental concerns regarding plastic waste and recyclability remain key challenges. Advancements in bio-based and recyclable automotive plastics are expected to drive future sustainability efforts in the industry.
Automotive Plastics – Key Market Trends & Drivers
- Increasing Demand for Lightweight Vehicles – Automakers are using plastics to reduce vehicle weight and improve fuel efficiency.
- Growth in Electric Vehicles (EVs) – Rising EV production is driving demand for high-performance plastic components.
- Stringent Emission & Safety Regulations – Government policies promoting fuel efficiency and safety encourage plastic adoption.
- Advancements in Recyclable & Bio-Based Plastics – Innovation in sustainable automotive plastics is shaping future market trends.
- Expanding Use in Interior & Exterior Applications – Plastics are increasingly used in dashboards, bumpers, and structural components.
- Arkal Automotive
- Arkema SA
- BASF SE
- Borealis AG
- Covestro AG
- DSM Engineering
- DuPont
- Evonik Industries AG
- ExxonMobil Corporation
- LANXESS
- LG Chem
- LyondellBasell
- SABIC
Growth Factors:
• Market dynamics:All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
• Technological evolution:The report offers a thorough understanding of the emerging technologies that can influence the Automotive Plastics market demand.
• Innovation pathways: The study covers where innovations can take the market in the mid to long term.
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The Geographical Analysis Covers Following Key Regions:
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
Automotive Plastics Market Segmentation:
The automotive plastics market is segmented by type, application, and region. By type, it includes polypropylene, polyurethane, polyvinyl chloride, and ABS. By application, it is used in interior, exterior, under-the-hood, and electrical components. By region, Asia-Pacific leads due to rapid vehicle production, followed by North America and Europe.
Automotive Plastics Market, Product Outlook (Revenue – USD Billion, 2019-2032)
- Acrylonitrile Butadiene Styrene (ABS)
- Polypropylene (PP)
- PP LGF 20
- PP LGF 30
- PP LGF 40
- Others
- Polyurethane (PU)
- Polyvinyl Chloride (PVC)
- Rigid PVC
- Flexible PVC
- Polyethylene (PE)
- High-density Polyethylene (HDPE)
- Other PE Grades
- Polybutylene Terephthalate (PBT)
- Polycarbonate (PC)
- Polymethyl Methacrylate (PMMA)
- Polyamide (Nylon 6, Nylon 66)
- Others
Automotive Plastics Market, Application Outlook (Revenue – USD Billion, 2019-2032)
- Powertrains
- Electrical Components
- Interior Furnishing
- IMD or IML
- Others
- Exterior Furnishing
- Under the hood
- Chassis
Automotive Plastics Market, Process Outlook (Revenue – USD Billion, 2019-2032)
- Injection Molding
- Blow Molding
- Thermoforming
- Others
Automotive Plastics Market, Vehicle Type Outlook (Revenue – USD Billion, 2019-2032)
- Passenger Cars
- Internal Combustion Engine (ICE) Vehicles
- Electric Vehicles
- Light Commercial Vehicles
- Medium & Heavy Commercial Vehicles
- August 2024: AC Plastics secured two major contracts to injection mold components for upcoming luxury car models manufactured in the UK.
- June 2024: Covestro, Neste, and Borealis partnered to convert discarded tires into high-quality plastics for the automotive industry, aiming to enhance circularity in the plastics value chain and improve sustainable automotive applications.
- June 2023: Borealis AG acquired Rialti, a leading polypropylene (PP) compounding company specializing in recyclates. This acquisition strengthens Borealis’ expertise and production capacity in PP compounding.
- May 2023: Lear Corporation announced plans to establish a connection systems facility in Morocco to manufacture components for automakers, suppliers, and its E-Systems and seating divisions.
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