Press release
Automotive Plastics Market Expected to Reach $59.04 Billion by 2032 with 7.5% CAGR
Automotive Plastics Market
Report Scope:
This comprehensive study provides an accurate overview of the worldwide automotive plastics market. Comprehensive analyses of sales volume, price, revenue, market share, and important companies are included. The market is further divided into segments by product, process, vehicle type, application, and region in the study, which offers a comprehensive picture of the state of the market.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/automotive-plastics-market/request-for-sample
Market Definition:
Automotive plastics are a wide range of synthetic materials that are utilized in making different parts inside vehicles. Included in these substances are polymers like polypropylene, polyurethane, polyethylene, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, and various other materials. Automotive plastics are highly prized for their flexibility, light weight, strength, and ability to be shaped into intricate forms, making them perfect for various uses in vehicles.
Drivers and Trends:
โ The increased desire from consumers for more environmentally friendly vehicles continues to push manufacturers to implement these measures. The market is quickly changing, with a focus on creating materials that adhere to strict emission regulations and encourage a greener, more enduring future.
โ The rise in the popularity of electric vehicles (EVs) has led to a higher use of lightweight materials, such as automotive plastics, to improve the performance and towing abilities of EV motors.
Top Companies:
The market is marked by fierce competition, and the leading companies rely on innovative technology, superior goods, and a strong brand identity to boost sales. Here are the top companies in the automotive plastics market:
โข Arkal Automotive
โข Arkema SA
โข BASF SE
โข Borealis AG
โข Covestro AG
โข DSM Engineering
โข DuPont
โข Evonik Industries AG
โข ExxonMobil Corporation
โข LANXESS
โข LG Chem
โข LyondellBasell
โข SABIC
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/automotive-plastics-market/request-for-discount-pricing
Country-Wise Insights:
According to regional analysis, in 2023, Asia Pacific led the global market driven by the presence of a cost-effective workforce, land, and materials, along with the growing automotive sector in developing nations.
Also, North America is anticipated to register the highest CAGR from 2024 to 2032. The automotive industry's strength in the region drives the need for automotive plastics to meet the various needs of locally manufactured vehicles.
Segmental Outlook:
By Product Outlook
โข Acrylonitrile Butadiene Styrene (ABS)
โข Polypropylene (PP)
o PP LGF 20
o PP LGF 30
o PP LGF 40
o Others
โข Polyurethane (PU)
โข Polyvinyl Chloride (PVC)
o Rigid PVC
o Flexible PVC
โข Polyethylene (PE)
o High-density Polyethylene (HDPE)
o Other PE Grades
โข Polybutylene Terephthalate (PBT)
โข Polycarbonate (PC)
โข Polymethyl Methacrylate (PMMA)
โข Polyamide (Nylon 6, Nylon 66)
โข Others
By Process Outlook
โข Injection Molding
โข Blow Molding
โข Thermoforming
โข Others
By Vehicle Type Outlook
โข Passenger Cars
o Internal Combustion Engine (ICE) Vehicles
o Electric Vehicles
โข Light Commercial Vehicles
โข Medium & Heavy Commercial Vehicles
By Application Outlook
โข Powertrains
โข Electrical Components
โข Interior Furnishing
o IMD or IML
o Others
โข Exterior Furnishing
โข Under the hood
โข Chassis
Regional Scope
โข North America
โข Europe
โข Asia Pacific
โข Latin America
โข Middle East & Africa
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/automotive-plastics-market/inquire-before-buying
Automotive Plastics Market Report Highlight
โข The polypropylene segment, based on product, dominated the automotive plastics market in 2023, owing to its high electrical resistance at very high temperatures.
โข In terms of application, the exterior furnishing segment will grow at a substantial pace during the forecast period as polycarbonate and polypropylene can be used to provide an aesthetic look to exterior of vehicles.
โข Asia Pacific dominated the global automotive plastics market in 2023 owing to the presence of expanding automotive industry
โข Arkema, BASF, Borealis, DSM Engineering, Evonik Industries, LANXESS, LG Chem, Covestro AG, and Arkal Automotive are among the global market players.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
๐๐ฑ๐ฒ๐ ๐๐ง-๐ ๐ซ๐๐ ๐๐จ๐ฉ๐ฉ๐๐ซ ๐๐๐ซ๐ค๐๐ญ
https://www.polarismarketresearch.com/industry-analysis/oxygen-free-copper-market
๐๐๐ข๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
https://www.polarismarketresearch.com/industry-analysis/railing-market
๐๐ซ๐จ๐ฉ๐ข๐จ๐ง๐ข๐ ๐๐๐ข๐ ๐๐๐ซ๐ค๐๐ญ
https://www.polarismarketresearch.com/industry-analysis/propionic-acid-market
๐๐ก๐๐ซ๐ฆ๐จ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ฌ๐ฌ๐ข๐จ๐ง ๐ ๐จ๐ซ๐ฆ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
https://www.polarismarketresearch.com/industry-analysis/thermo-compression-forming-market
๐๐๐๐๐ซ ๐๐๐๐ฎ๐ฎ๐ฆ ๐๐ฌ๐ฌ๐๐ฆ๐๐ฅ๐ข๐ง๐ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ
https://www.polarismarketresearch.com/industry-analysis/wafer-vacuum-assembling-equipment-market
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