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Automotive Plastics Market Worth $87,240.5 Billion By 2032 | Key Players: LyondellBasell Industries Holdings B.V BASF SE, Covestro AG, Saudi Basic Industries Corporation (SABIC), Borealis AG
Automotive Plastics Market
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The global automotive plastics market reached a value of nearly $36,261.6 million in 2022, having grown at a compound annual growth rate (CAGR) of 3.7% since 2017. The market is expected to grow from $36,261.6 million in 2022 to $56,001.6 million in 2027 at a rate of 9.1%. The market is then expected to grow at a CAGR of 9.3% from 2027 and reach $87,240.5 million in 2032.
Automotive plastics refer to polymers used in automotive vehicles to design and produce parts that provide mechanical strength, withstand shear stress, wear metal stress, offer aesthetic appearance and are used in the making of the automotive body. These plastic components mainly replace the various metal parts in automobiles as they provide similar properties such as stiffness, flame retardancy and others.
The automotive plastics market consists of sales of automotive plastics by entities (organizations, sole traders and partnerships) that hold the properties to keep vehicles safe, comfortable for the passengers, lightweight and allow producers to make their vehicles more appealing to consumers.
The launch of new production lines is a trend that is gaining popularity in the automotive plastics market.
Automotive Plastics Market Segmentation:
By product Type-
The automotive plastics market is segmented by product type into
a) Polypropylene (PP)
b) Polyurethane (PU)
c) Polyvinylchloride (PVC)
d) Polyamide (PA)
e) Acrylonitrile Butadiene Styrene (ABS)
f) High Density Polyethylene (HDPE)
g) Polycarbonate (PC)
h) Polybutylene Terephthalate (PBT)
i) Other Product Types
By Application-
The automotive plastics market is segmented by application into
a) Interior
b) Exterior
c) Under Bonnet
d) Electrical Components
e) Power Train
f) Chassis
Some of the key players involved in the Automotive Plastics market are LyondellBasell Industries Holdings B.V, BASF SE, Covestro AG, Saudi Basic Industries Corporation (SABIC), Borealis AG.
The regions covered in the global Automotive Plastics market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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A Few Points From The Table Of Content
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
.....
19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Automotive Plastics Market, Conclusions And Recommendations
23. Appendix
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