United States Automotive Thermoplastic Compounds Market is expected to reach US$ 2.63 billion by 2032 | Top key players - BASF SE, Celanese Corporation, Kraton Corporation.

Market Size and Growth:

The Global Automotive Thermoplastic Compounds Market size reached US$ 1.38 billion in 2024 and is expected to reach US$ 2.63 billion by 2032, growing with a CAGR of 8.4% during the forecast period 2025-2032. The Market growth is driven by increasing demand for lightweight, durable, and recyclable materials in automotive manufacturing to improve fuel efficiency and reduce emissions.

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The Automotive Thermoplastic Compounds Market refers to the industry focused on producing and utilizing high-performance thermoplastic materials in vehicle manufacturing. These compounds, known for their lightweight, durability, and recyclability, are used in interior, exterior, and under-the-hood components to enhance fuel efficiency, design flexibility, and sustainability while reducing overall production costs in the automotive sector.

Industry Recent Developments:

United States:

✅ August 2025: Mitsubishi Chemical Corporation announced R&D investments focusing on carbon fiber reinforced thermoplastics (CFRTP) to enhance material performance and mass production scalability for automotive applications.

✅ July 2025: A major U.S. automaker revealed plans to increase the use of recycled thermoplastic compounds in lightweight electric vehicle components to reduce vehicle weight and improve energy efficiency.

✅ May 2025: Boeing invested $120 million in CFRTP research and development at its Seattle innovation center aimed at scaling CFRTP use in commercial aviation platforms.

Japan:

✅ July 2025: Toray Industries launched next-generation carbon fiber prepregs designed for aerospace, automotive, and industrial uses, focusing on vehicle weight reduction and fuel efficiency.

✅ June 2025: Mitsubishi Chemical Japan expanded its high-performance prepreg portfolio targeting lightweight and heat-resistant applications for automotive and industrial sectors.

✅ July 2025: BASF introduced a new line of lightweight thermoplastic compounds for automotive interior applications to improve vehicle sustainability and performance.

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Major Key Players:

Kisuma
Kraton Corporation
BASF SE
SABIC
LyondellBasell Industries
Celanese Corporation
Dow Inc.
DuPont de Nemours, Inc.
Covestro AG
Lanxess AG.

Key Growth Drivers:

Increasing demand for lightweight materials to improve fuel economy and meet stringent emission regulations, driving the replacement of traditional metals with thermoplastic compounds. This shift supports the global trend toward reducing vehicle weight for enhanced fuel efficiency.

Rising adoption of thermoplastic compounds offering superior mechanical, thermal, and aesthetic properties for diverse automotive applications such as interiors, exteriors, under-hood, and structural parts. These materials provide advantages like corrosion resistance, design flexibility, and cost-effectiveness.

Growing focus on sustainability and regulatory compliance, leading to innovations in recyclable, bio-based, flame-resistant, and heat-resistant thermoplastic compounds, especially with the rise of electric and hybrid vehicles requiring advanced materials for battery enclosures and motor housings.

Segments Covered in the Automotive Thermoplastic Compounds Market:

By Product type: Polypropylene (PP), Polycarbonate (PC), Thermoplastic Elastomers, Polybutylene Terephthalate (PBT), Polyoxymethylene (POM), Polyethylene (PE), Others.

By Vehicle type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Electric Vehicles (EVs).

By Application: Seat Frames, Battery Trays, Bumper Beams, Load Floors, Front Ends, Under Engine Covers, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Automotive Thermoplastic Compounds market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Automotive Thermoplastic Compounds Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Automotive Thermoplastic Compounds market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Automotive Thermoplastic Compounds Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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