Press release
Automotive Plastics Exterior Parts Market is Projected to Grow From USD 21.03 billion in 2021 to USD 28.01 billion by 2028 at a CAGR of 4.7% During The Forecast Period 2023-2028 | TOp Key Players covers:Arkema (France), BASF SE (Germany), Borealis AG. (Au
Automotive plastics exterior parts refer to the exterior components of a vehicle that are made of plastic or polymer-based materials. These parts include body panels, trim pieces, bumpers, grilles, and other exterior components. Automotive plastics have gained popularity in recent years due to their lightweight, durability, and flexibility in design.
Plastics are used in exterior parts of automobiles due to their various advantages such as resistance to corrosion and weathering, ease of manufacturing and processing, and good mechanical and thermal properties. Automotive plastics can also be painted to match the color of the vehicle and can be easily molded into complex shapes, enabling designers to create unique and attractive exterior designs.
The global Automotive Plastics Exterior Parts Market is projected to grow from USD 21.03 billion in 2021 to USD 28.01 billion by 2028 at a CAGR of 4.7% during the forecast period.
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Attractive Opportunities In the Automotive Plastics Exterior Parts Market:
-Lightweighting: One of the most significant opportunities in the market for automotive plastics exterior parts is the trend towards lightweighting in the automotive industry. Plastic components are much lighter than traditional metal components, leading to better fuel economy and reduced emissions. This trend is expected to drive the demand for plastic components in the exterior parts of vehicles, creating significant growth opportunities for businesses operating in this market.
-Vehicle Design: Another significant opportunity in the market for automotive plastics exterior parts is the growing focus on vehicle design and aesthetics. Plastic components can be molded into complex shapes, enabling designers to create unique and attractive exterior designs. The increasing focus on vehicle design is expected to drive the demand for plastic components in the exterior parts of vehicles, creating significant growth opportunities for businesses operating in this market.
Automotive Plastics Exterior Parts Market - Competitive Analysis:
Who are the Leading Key Players Operating In this Market?
Prominent Companies to Establish Various Corporate Strategies to Aid in Global Expansion. These players are focusing on strategic collaborations and partnerships to expand their market presence and strengthen their product portfolio.
LIST OF KEY COMPANIES PROFILED:
-Arkema (France)
-BASF SE (Germany)
-Borealis AG. (Austria)
-DuPont. (U.S.)
-DSM (The Netherlands)
-Evonik Industries AG (Germany)
-Exxon Mobil Corporation. (U.S.)
-LANXESS (Germany)
-LG Chem. (South Korea)
-LyondellBasell Industries Holdings B.V. (The Netherlands)
-SABIC (Saudi Arabia)
-Covestro AG (Germany)
-Arkal Automotive (U.S.)
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Segmentation:
The report focuses on studying the Automotive Plastics Exterior Parts market on the basis of segments by manufacturers, by type, by application, by region and country. It also offers information about market size (value, volume, sales and revenue) and CAGR for the historical period (2017-2020) and forecast period (2022-2028), considering 2021 as the base year.
By Vehicle Type
-Passenger Cars
-Commercial Vehicles
-Heavy Trucks & Buses
By Type
-Polypropylene
-Polyurethane
-Polyamide
-Polyvinylchloride
-Acrylonitrile Butadiene Styrene
-Polycarbonate
-Polyethylene
-Others
By Product
-Front Bumpers
-Rear Bumpers
-Outside Rear View Mirrors
-Rocker Panels
-Radiator Grills
-Wheel Arch Claddings
-Outside Door Handles
The use of automotive plastics in exterior parts offers various benefits, including weight reduction, fuel efficiency, and improved safety. Plastic components are lighter than traditional metal components, which can result in a reduction in the overall weight of the vehicle, leading to better fuel economy and lower emissions.
KEY INDUSTRY DEVELOPMENTS:
June 2021, LyondellBasell and Neste announced a long-term commercial deal under which LyondellBasell will obtain Neste RE, a Neste feedstock made entirely of renewable feedstock sourced from bio-based sources such as residual oils and fats, as well as garbage. The feedstock will be converted into polymers by the cracker at LyondellBasell's Wesseling, Germany, plant and sold under the CirculenRenew brand.
Browse Full Report@ https://www.extrapolate.com/Chemicals-and-Advanced-Materials/automotive-plastics-exterior-parts-market/25676
Which region is dominating the Automotive Plastics Exterior Parts market growth?
North America: The North American market for automotive plastics exterior parts is driven by the increasing demand for lightweight materials in the automotive industry, as well as the growing focus on vehicle aesthetics and design. The United States is the major contributor to the market in this region.
Why Purchase the Report?
-The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
-Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
-Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
-The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
-Understand the current market scenario and viability of the global market over the forecast period.
Some of the key questions answered in this report:
-What are sales, revenue, and price analysis of top manufacturers of the market?
-What would be the upcoming Automotive Plastics Exterior Parts market behavior forecast with trends, challenges, and drivers for development?
-Which product and application will take a share of the Automotive Plastics Exterior Parts market?
-What will happen in the coming existing and emerging markets?
-What will be the CAGR and size of the Automotive Plastics Exterior Parts market throughout the forecast period?
Detailed TOC of Automotive Plastics Exterior Parts Market: https://www.extrapolate.com/toc/Chemicals-and-Advanced-Materials/automotive-plastics-exterior-parts-market/25676
TABLE OF CONTENTS:
Chapter 1: Automotive Plastics Exterior Parts Market Overview
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production Capacity by Region
Chapter 4: Automotive Plastics Exterior Parts Consumption by Region
Chapter 5: Segment by Type
Chapter 6: Segment by Application
Chapter 7: Key Companies Profiled
Chapter 8: Automotive Plastics Exterior Parts Manufacturing Cost Analysis
Chapter 9: Marketing Channel, Distributors and Customers
Chapter 10: Market Dyanamics
Chapter 11: Production and Supply Forecast
Chapter 12: Consumption and Demand Forecast
Chapter 13: Forecast by Type and by Application (2023-2028)
Chapter 14: Research Finding and Conclusion
Chapter 15: Methodology and Data Source
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Extrapolate is a Global Market Research, Advisory and Consulting firm which works closely with Industry experts from various industries to bring the latest and most accurate research reports.
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