Press release
Automotive Additives Market Outlook with Ongoing Trends, Top Players Profile Analysis and Forecast 2017-2022
Fact.MR
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According to the latest report by Fact.MR, the global market for automotive additives is likely to experience above-average growth. The market is estimated to reach US$ 8,251.8 million revenue by 2022 end. Manufacturers in the automotive industry are focusing on developing highest performing solutions and with plastic emerging as the highest applied material in the interior, exterior and under the hood of the vehicle, automotive plastic additives are witnessing increased use in the automotive industry.
4 Forecast Highlights on Global Automotive Additives Market
1. North America is expected to dominate the global automotive additives market. Towards the end of 2022, North America automotive additives market is projected to exceed US$ 2,000 million revenue. Presence of the major market players and the increasing vehicle production are some of the factors fueling the growth of North America automotive additives market.
2. Europe is expected to be the second most lucrative market in the global automotive additives market. Europe automotive additives market is expected to witness steady growth during the forecast period.
3. Plasticizers are expected to be the most lucrative plastic additives. Plasticizers are projected to exceed US$ 2,400 million revenue by the end of 2022. Meanwhile, anti-scratch plastic additives are also expected to witness steady growth during the forecast period.
4. Polypropylene (PP) is expected to be one of the most preferred plastics in the automotive additives market. Accounting nearly two-fifth of the revenue share by the end of 2017, polypropylene is projected to create an incremental opportunity of over US$ 700 million between 2017 and 2022.
Automotive Additives to Find Largest Application in the Interior of the Vehicle
Interior of the vehicle is likely to be the largest segment for automotive additives applications. Interior application of automotive additives is estimated to bring in nearly US$ 2,700 million revenue by 2022 end. Although automotive additives are also being used on the exterior of a vehicle. Hence, exterior application of automotive additives are likely to experience steady growth.
Plasticizers to be the Most Popular Plastic Additives
Plasticizers plastic additives are likely to gain close to one-third of the revenue share by 2017 end. Plasticizers are estimated to create more than US$ 500 million incremental opportunity during 2017-2022. Although anti-scratch is likely to experience growth in the automotive additives market.
Polypropylene (PP) to be the Highly Preferred Plastic in Automotive additives
Polypropylene (PP) is likely to be one of the highly used plastic in the automotive additives. Polypropylene is estimated to surpass US$ 2,900 million revenue towards 2022 end.
Compact Passenger Cars to Gain Maximum Revenue Share
Compact passenger cars are likely to gain nearly one-third of the share in terms of the revenue by 2017 end. By 2022 end, compact passenger cars are also estimated to surpass US$ 2,300 million revenue.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global automotive additives market through 2022, which include 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, and Kaneka Corporation.
Browse Full Report with TOC- https://www.factmr.com/report/308/automotive-additives-market
Table of Content:
1. Global Automotive Additives Market – Executive Summary
2. Global Automotive Additives Market Overview
2.1. Introduction
2.1.1. Global Automotive Additives Market Taxonomy
2.1.2. Global Automotive Additives Market Definition
2.2. Global Automotive Additives Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Automotive Additives Market Y-o-Y Growth
2.3. Global Automotive Additives Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Product Mapping Behavior
2.7. Raw Material Sourcing Strategy and Analysis
3. Global Automotive Additives Market Analysis and Forecast By Plastic Additives
3.1. Global Automotive Additives Market Size and Forecast By Plastic Additives, 2012-2022
3.1.1. Plasticizers Automotive Additives Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Anti-Scratch Automotive Additives Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
Continued………
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.
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