Global
Automotive
Plastics Market is expected to
grow at a significant CAGR in the upcoming years as the scope and its
applications are increasing across the globe. The factors that propel the
growth of the Automotive Plastics Industry include increasing demand, rapid
urbanization & industrialization, rise in disposable income and product
development & technological innovations. Moreover, growing use of plastics
in vehicle design and revival in vehicle production are fuelling the market
growth. In addition, rising demand of vehicles from developing economies like
India and China contribute to the market growth.

On
the other hand, there are also factors that may hamper the growth of the market
such as huge capital investment and fluctuating raw material prices. Automotive
Plastics Market is classified on the basis of product type, applications,
distribution channel and geography. Automotive Plastics Industry is segmented
by product type as ABS, HDPE, PET, PMMA, Polycarbonates, Polypropylene,
Polyamide, Polyurethanes, Polyvinyl Chloride, and others.
Automotive
Plastics Market is classified on applications as chassis, electrical
components, interior and exterior furnishings, power trains, under the hood,
and others. Automotive Plastics Industry is segmented by distribution channel
as online stores, specialty stores and others. The market is classified on the
basis of geography as North America, Latin America, Western Europe, Eastern
Europe, Asia Pacific, Japan and Middle East and Africa.
The
North American region consists of the U.S., and Canada. Latin America region
consists of Mexico and Brazil. The Western European region consists of Germany,
Italy, France, England and Spain. The Eastern European region consists of
Poland and Russia. Asia Pacific region consists of China, India, ASEAN, and
Australia & New Zealand. The Middle East and African region consists of
GCC, South Africa and North Africa. In case of geographical region, Asia
Pacific is projected to account a significant share of the Automotive Plastics
Industry. The key factors that fuel the growth of this region include ever
increasing population, significant rise in vehicle production, growing vehicle
demand and rise in disposable income.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Automotive Plastics in these regions, from 2012
to 2022 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Automotive Plastics market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
BASF
•
Dow Chemical
•
Bayer Material Science
•
Johnson Controls
•
AkzoNobel
•
SABIC
•
Momentive Specialty Chemicals
•
Lear Corp.
•
Quadrant AG
•
Borealis
•
Teijin
Some
of the key players that fuel the growth of the Automotive Plastics Market
include AkzoNobel N.V, BASF SE, Borealis AG, Covestro, Evonik Industries AG,
Johnson Controls, Momentive Performance Materials Inc., Magna International,
SABIC, and others. The key players are focusing on inorganic growth to sustain
themselves amidst fierce competition. As such, mergers, acquisitions, and joint
ventures are the need of the hour.
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