Automotive Plastics Market Expected to Hit USD 59.04 billion by 2032, Growing at a CAGR of 7.5%

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

The automotive plastics market size was valued at USD 30.83 billion in 2023. The market is projected to grow from USD 33.10 billion in 2024 to USD 59.04 billion by 2032, showing a CAGR of 7.5% during 2024-2032.

📚 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Automotive plastics refers to specially engineered plastics mainly for use in automobiles. They are preferred over regular types of plastic as they are adaptable, durable and show flexibility in design which is a major requirement in the automobile industry due to constant changes in design of the vehicle. Additionally, they have are lightweight which reduce fuel consumption as the car nee not overcome the resistance of weight. AutomotivepPlastics can be modified depending on the function for which they are required and utilized. Polypropylene's properties of being thermally stable and chemical resistive make it an ideal choice for being used in engine covers and thermal insulation. Polyurethane's shock absorbing quality and mouldability make it a top contender for being used in the making of bumpers and seats.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/automotive-plastics-market/request-for-sample

📚 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

• Strict government measures regarding the emission of lesser pollutants from automobiles have led to the increased adoption of automotive plastics. Automotive plastics, such as polyurethane and polystyrene, being lightweight, are useful as due to their incorporation into the automobile, the vehicle consumes less fuel, resulting in the automobile passing government regulations

• With consumers now laying major emphasis on using electric vehicles as they are environment friendly and align with their values of sustainability, automobiles are expanding to the Automotive Plastic market due to the various advantages these specialized types of plastics pose, such as durability and adaptability.

📚 𝐌𝐚𝐣𝐨𝐫 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬:

The automobile sector is expanding, and so is the automotive plastics market. A few of the top market players are:

• Arkal Automotive
• Arkema SA
• BASF SE
• Borealis AG
• Covestro AG
• DSM Engineering
• DuPont
• Evonik Industries AG
• ExxonMobil Corporation
• LANXESS
• LG Chem
• LyondellBasell
• SABIC

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/automotive-plastics-market/inquire-before-buying

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭:

✅ The polypropylene segment, based on product, dominated the automotive plastics market in 2023, owing to its high electrical resistance at very high temperatures.
✅ 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.
✅ Asia Pacific dominated the global automotive plastics market in 2023 owing to the presence of expanding automotive industry

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐨𝐜:

𝟏. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
1.1. Automotive Plastics Market - Market Snapshot
1.2. Automotive Plastics Market Dynamics
1.2.1. Drivers and Opportunities
1.2.1.1. Strong Emission Measures is Driving the Market Size
1.2.1.2. Growing Demand of Electric Vehicle Are Driving the Market Growth
1.2.2. Restraints and Challenges
1.2.2.1. High Initial Investment
1.3. Porter's Five Forces Analysis
1.3.1. Bargaining Power of Suppliers (Moderate)
1.3.2. Threats of New Entrants: (Low)
1.3.3. Bargaining Power of Buyers (Moderate)
1.3.4. Threat of Substitute (Moderate)
1.3.5. Rivalry among existing firms (High)
1.4. PESTEL Analysis
1.5. Automotive Plastics Market Trends
1.6. Value Chain Analysis
1.7. COVID-19 Impact Analysis

𝟐. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐏𝐫𝐨𝐜𝐞𝐬𝐬
2.1. Key Findings
2.2. Introduction
2.2.1. Global Automotive Plastics Market, by Process, 2019-2032 (USD billion)
2.3. Injection Molding
2.3.1. Global Automotive Plastics Market, by Injection Molding, by Region, 2019-2032 (USD billion)
2.4. Blow Molding
2.4.1. Global Automotive Plastics Market, by Blow Molding, by Region, 2019-2032 (USD billion)
2.5. Thermoforming
2.5.1. Global Automotive Plastics Market, by Thermoforming, by Region, 2019-2032 (USD billion)
2.6. Others
2.6.1. Global Automotive Plastics Market, by others, by Region, 2019-2032 (USD billion)

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

https://www.polarismarketresearch.com/industry-analysis/automotive-plastics-market/toc

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

• The automotive plastics market is segmented based on product, process, vehicle type, application, and region.
• Based on product type, polypropylene accounted for the largest market share in 2023 due to its mouldability.
• Based on application, the exterior furnishing segment is projected to experience the highest growth rate from 2024 to 2032, driven by the increasing demand for lightweight and durable materials.

Automotive Plastics Market, Product Outlook (Revenue - USD Billion, 2019-2032)
• Acrylonitrile Butadiene Styrene (ABS)
• Polypropylene (PP)
» PP LGF 20
» PP LGF 30
» PP LGF 40
» Others
• Polyurethane (PU)
• Polyvinyl Chloride (PVC)
» Rigid PVC
» Flexible PVC
• Polyethylene (PE)
» High-density Polyethylene (HDPE)
» Other PE Grades
• Polybutylene Terephthalate (PBT)
• Polycarbonate (PC)
• Polymethyl Methacrylate (PMMA)
• Polyamide (Nylon 6, Nylon 66)
• Others

Automotive Plastics Market, Application Outlook (Revenue - USD Billion, 2019-2032)
• Powertrains
• Electrical Components
• Interior Furnishing
o IMD or IML
o Others
• Exterior Furnishing
• Under the hood
• Chassis

Automotive Plastics Market, Process Outlook (Revenue - USD Billion, 2019-2032)
• Injection Molding
• Blow Molding
• Thermoforming
• Others

Automotive Plastics Market, Vehicle Type Outlook (Revenue - USD Billion, 2019-2032)
• Passenger Cars
o Internal Combustion Engine (ICE) Vehicles
o Electric Vehicles
• Light Commercial Vehicles
• Medium & Heavy Commercial Vehicles

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Regenerated Cellulose Market:
https://www.polarismarketresearch.com/industry-analysis/regenerated-cellulose-market

Flexible Heater Market:
https://www.polarismarketresearch.com/industry-analysis/flexible-heater-market

Water Blocking Tapes Market:
https://www.polarismarketresearch.com/industry-analysis/water-blocking-tapes-market

Sulfuric Acid Market:
https://www.polarismarketresearch.com/industry-analysis/sulfuric-acid-market

Cable Blowing Equipment Market:
https://www.polarismarketresearch.com/industry-analysis/cable-blowing-equipment-market

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