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The Role Of Automotive Industry Demand In Fueling Growth For Exterior Automotive Plastics Market: A Key Driver Powering Exterior Automotive Plastics Market Growth In 2025
Exterior Automotive Plastics Market Size
What Is the Current Exterior Automotive Plastics Market Size and Its Estimated Growth Rate?
The Exterior Automotive Plastics Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Exterior Automotive Plastics Market Size and Its Estimated Growth Rate?
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How Are Emerging Segments Shaping the Exterior Automotive Plastics Market Landscape?
The exterior automotive plastics market covered in this report is segmented -
1) By Type: Thermoplastic polymers, Composites, Bioplastics
2) By Vehicle Type: Passenger Cars, Commercial Vehicles, Other Vehicle Types
3) By Material: Polyurethane, Polycarbonate, Polypropylene, Polyethylene, Polyamide, Polyvinyl Chloride, Other Materials
4) By Application: Bumpers and Grills, Roof, Lights, Liftgate, Other Applications
Subsegments:
1) By Thermoplastic Polymers: Polypropylene (PP), Polyethylene (PE), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyamide (Nylon)
2) By Composites: Glass Fiber Reinforced Plastics (GFRP), Carbon Fiber Reinforced Plastics (CFRP), Natural Fiber Reinforced Plastics
3) By Bioplastics: Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA), Starch-Based Plastics
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Which Growth Factors Are Influencing Exterior Automotive Plastics Market Expansion?
The growth of the exterior automotive plastics market is anticipated to be driven by increased demand from the automotive industry. This industry, which encompasses the sales and production of various types of vehicles like passenger vehicles, hybrid vehicles, and motorcycles, relies heavily on exterior automotive plastics. These plastics are utilized in the manufacturing of numerous exterior components of a vehicle, including body panels, bumpers, grilles, mirrors, and trim. Compared to traditional materials such as steel or aluminum, these plastics are favoured because they are lighter, more durable, and have a higher resistance to corrosion. For example, the European Automobile Manufacturers Association, a trade organization rooted in Belgium, revealed in May 2023 that the global production of motor vehicles reached 85.4 million in 2022, marking a 5.7% growth from 2021. Consequently, this increased demand from the automotive industry is fueling the growth of the exterior automotive plastics market.
Who Are the Dominant Players Across Different Exterior Automotive Plastics Market Segments?
Major companies operating 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., Convestro AG, Saudi Arabia's Basic Industries Corporation, Celanese Corporation, Salem Industrial Plastics, Lear Corporation, Magna International Inc., Trinseo S.A., Adient plc, Flex-N-Gate Corporation, Solvay S.A., Teijin Limited, DSM Engineering Plastics, LG Chem Ltd., Kuraray Co. Ltd., Toyoda Gosei Co. Ltd., Sumitomo Chemical Company Limited, Asahi Kasei Corporation, Kautex Textron GmbH & Co. KG, Ravago Group, Plastic Omnium Group, Hanwha Advanced Materials Corp.
What Are the Latest Developing Trends in the Exterior Automotive Plastics Market?
The trend of using sustainable products is experiencing growing acceptance in the exterior automotive plastics market. Firms in this sector are adopting such products to maintain their market standing. Take for instance, AkzoNobel NV, a company based in the Netherlands that specializes in paints, coatings, and specialty chemicals. In February 2024, they unveiled a 2K solvent-borne primer in conductive and dark grey, tailor-made for automotive OEM exterior plastic components. These components often present adhesion challenges for customers due to the low polarity of plastics like polypropylene. This results in low surface energy and poor adhesion, which makes the task of coating parts such as bumpers, rocker panels, and contrasting features more complex.
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Which Geographic Regions Are Expected to Dominate the Exterior Automotive Plastics Market in the Coming Years?
Asia-Pacific was the largest region in the exterior automotive plastics market in 2024. The regions covered in the exterior automotive plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Exterior Automotive Plastics Market?
2. What is the CAGR expected in the Exterior Automotive Plastics Market?
3. What Are the Key Innovations Transforming the Exterior Automotive Plastics Industry?
4. Which Region Is Leading the Exterior Automotive Plastics Market?
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