Automotive Plastics Market 2018 offers huge growth opportunities for the future

The major players in the global automotive plastics market are BASF SE, AkzoNobel N.V, Covestro, Johnson Controls, Evonik Industries AG, Magna International, SABIC, Momentive Performance Materials Inc., Borealis AG, The Dow Chemical Company, Hanwha Azdel Inc., Lear Corp., Grupo Antolin, Owens Corning, Teijin Ltd., Royal DSM N.V, and Quadrant AG. The industry has the existence of key multinational participants that are dynamically engaged in technological innovations, research and development, mergers and acquisitions and other collaborations to amend their market value and position. Moreover, companies like BASF and Hanwha Azdel Inc. have invested in the development of their manufacturing capabilities to improve their regional presence and portfolios.

Automotive Plastics industry -Regional Outlook and Trend Analysis:

In 2016, Asia Pacific region was the leading market and reported for almost 50% of the overall industry volume. The change in production setting towards developing countries of Asia Pacific region, predominantly India, China, Thailand, Indonesia and Vietnam is anticipated to influence market growth positively. Intensifying production base and rising investments in sophisticated technologies for automobile production are anticipated to bring a new automobile era, which will impact the sector positively. Customers in Asia Pacific and Europe region are highly aware of fuel efficiency contrary to nations with plenty crude oil reserves, for example, China and the United States. These are the driving factors sustainable plastics demand in developing countries across the world. Europe region has followed Asia Pacific region and in 2016, reported for approximately 35% of the total market revenue share. Automobile manufacturers in European regional market are also using high-performance plastics as they assist in the weight reduction of the automobile and also they are energy efficient. European economies have to fulfill advanced emission standards due to which automotive manufacturers have to move towards electrified motors from diesel engines.

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Automotive Plastics industry -Industry Outlook and Trend Analysis:

In 2012, the global automotive plastics market was valued around USD 14.90 billion and is anticipated to reach approximately USD 46.09 billion by 2022, while maintaining a compound annual growth rate (CAGR) of 10.70% during the forecast period owing to global resurgence in the automobile segment, enhanced vehicle design and the rising significance of emission control and weight reduction are major factors fueling the growth of the global market. Plastics are extensively used in automotive parts and components due to their potential sourcing from reusable raw materials, relative ease of improved design and easiness of manufacturing. PU, PC, and ABS are a few alternative materials utilized for component and part applications of the vehicle. Generally, depending on performance requirements and fuel economy standards, an average car contains around 5.8% to 10% of plastics.

Automotive Plastics industry -Product Type Outlook and Trend Analysis

In 2016, polypropylene (PP) issued as the top product type and reported for around 25% of the overall volume. Polypropylene (PP) offers brilliant electrical and chemical resistance at high temperatures. PP is translucent, semi-rigid and also renders integral hinge characteristic. It is light in weight relative to other materials and extensively utilized as a noise & vibration dampeners and thermal insulator in automotive parts. In 2016, Polyurethane (PU) came out as the subsequent leading product section. PU demonstrates advanced properties like abrasive strength, high tensile strength, abrasion resistance, hardness, and impact. Rising demand from electronic appliance manufacturers and automotive OEMs for applications like seat cushioning, refrigeration insulation, and interior trims have considerably influenced the growth of the global market.

Automotive Plastics industry -Application Outlook and Trend Analysis

In 2016, interior furnishings came out as the top application and reported for around 50% of the overall volume. Plastics are extensively used for automobile interiors counting seat covers, light displays & panels, fascia systems, and steering wheels. Several other interior parts like load floors, seat bases, rear package shelves, and headliners are being built completely from high-performance plastics like ABS & GMT composites, rather than traditional metal and rubber, to promote weight savings. Expansion of digitalization has nurtured the plastics demand integrated into vehicle dashboards to hold highly sophisticated electronics with innovative features & technology. High electrical insulation properties and safety concerns of plastics have fueled their demand of plastics in instrument panels carrying the advanced electronic systems.

The Automotive Plastics Market is segmented as follows-

Automotive Plastics Market, By Product, Estimates and Forecast, 2012-2022 ($Million)

Polypropylene

Polyurethanes

Polyvinyl Chloride

ABS

HDPE

Polycarbonates

PMMA

Polyamide

PET

Automotive Plastics Market, By Application, Estimates and Forecast, 2012-2022 ($Million)

Interior

Exterior

Under bonnet

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Major TOC of Automotive Plastics Market:

Chapter1. Introduction
Chapter2. Executive Summary
Chapter3. Market Overview

3.1. Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2. Market Dynamics

3.2.1. Drivers

3.2.1.1. Rising Demand for Light Weight Vehicles

3.2.1.2. Development in Recycling Processes

3.2.2. Restraints

3.2.2.1. High Pricing of the Raw Materials

3.2.2.2. Increasing Environmental Concerns

3.2.3. Opportunities

3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities

Chapter4. Market Analysis By Product
Chapter5. Automotive Plastics Market, By Application

Automotive Plastics Market, By Application
5.1. Introduction

5.2. The Automotive Plastics Market Assessment and Forecast, By Application, 2012-2022

5.3. Interior

5.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5.4. Exterior

5.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5.5. Under bonnet

5.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

Chapter6. Automotive Plastics Market, By Regions
Chapter7. Company Profiles
…CONTINUED FOR TOC

List of Tables

Table 1.Global Automotive Plastics Market, By Product, 2012-2022 ($Million)
Table 2.PolypropyleneMarket, By Region, 2012-2022 ($Million)
Table 4.Polyurethanes Market, By Region, 2012-2022 ($Million)
Table 5.Polyvinyl Chloride Market, By Region, 2012-2022 ($Million)
Table 6.ABS Market, By Application, 2012-2022 ($Million)
Table 7.HDPE Market, By Region, 2012-2022 ($Million)
Table 8.PolycarbonatesMarket, By Region, 2012-2022 ($Million)
Table 9.PMMA Market, By Region, 2012-2022 ($Million)
Table 10.Polyamide Market, By Region, 2012-2022 ($Million)
Table 11.PET Market, By Region, 2012-2022 ($Million)
Table 12.Automotive Plastics Market, By Application, 2012-2022 ($Million)
Table 13.Interior Market, By Application, 2012-2022 ($Million)

…CONTINUED FOR TOC

List of Figures

Figure 1.Global Automotive Plastics Market Share, By Product, 2016 & 2025
Figure 2.Global Automotive Plastics Market, By Application, 2016, ($Million)
Figure 3.Global Automotive Plastics Market, By Region, 2016, ($Million)
Figure 4.AkzoNobel N.V.: Net Revenues, 2014-2016 ($Million)
Figure 5.AkzoNobel N.V.: Net Revenue Share, By Segment, 2016
Figure 6.AkzoNobel N.V.: Net Revenue Share, By Geography, 2016
Figure 7.BASF SE: Net Revenues, 2014-2016 ($Million)
Figure 8.BASF SE: Net Revenue Share, By Segment, 2016

…CONTINUED

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

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