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Exterior Automotive Plastics Market Analysis, Trends, Growth, Research And Forecast 2032
Exterior Automotive Plastics Market
Exterior Automotive Plastics Market Size, Growth Rate, And Forecast
The global exterior automotive plastics market size is expected to grow from $11.25 billion in 2022 to $12.01 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global exterior automotive plastics market size is expected to reach $15.07 billion in 2027 at a CAGR of 5.8%.
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Exterior Automotive Plastics Market Drivers
Rising demand from the automotive industry is expected to propel the growth of the exterior automotive plastics market going forward. The automotive industry refers to the industry that comprises of sales and production of various vehicles such as passenger vehicles, hybrid vehicles, and motorcycles. Exterior automotive plastics play a significant role in the automotive industry, as they are used in the production of many parts of a vehicle's exterior, including body panels, bumpers, grilles, mirrors, and trim, these plastics are often preferred over traditional materials, such as steel or aluminum because they are lighter, more durable, and more resistant to corrosion.
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Exterior Automotive Plastics Market Segments
• By Type: Thermoplastic polymers, Composites, Bioplastics
• By Vehicle Type: Passenger Cars, Commercial Vehicles, Other Vehicle Types
• By Material: Polyurethane, Polycarbonate, Polypropylene, Polyethylene, Polyamide, Polyvinyl Chloride, Other Materials
• By Application: Bumpers and Grills, Roof, Lights, Liftgate, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the exterior automotive plastics market.
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Exterior Automotive Plastics Market Key Players
Major competitors in the exterior automotive plastics market include Arkema S.A., BASF SE, Borealis AG, DuPont de Nemours Inc., Royal DSM N.V., Evonic Industries AG, ExxonMobil Corporation, Lanxess, LyondellBasell Industries N.V.
The Business Research Company's "Global Exterior Automotive Plastics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Exterior Automotive Plastics Market Include:
1. Executive Summary
2. Exterior Automotive Plastics Market Characteristics
3. Exterior Automotive Plastics Market Trends And Strategies
4. Exterior Automotive Plastics Market - Macro Economic Scenario
5. Exterior Automotive Plastics Market Size And Growth
……
26. Africa Exterior Automotive Plastics Market
27. Exterior Automotive Plastics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Exterior Automotive Plastics Market
29. Exterior Automotive Plastics Market Future Outlook and Potential Analysis
30. Appendix
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