Global Automotive Additives Market Revealing Key Trends, Market Drivers, Challenges And Opportunities, 2017-22

Automotive additives are being used on a large scale to maintain the vehicle and improve overall performance. Automotive additive manufacturers are using innovative materials. Manufacturers are also producing various types of additives for instance, plastic additives, transmission additives, head gasket sealers, oil additives, etc. however, plastic additives are gaining more popularity in the market, as it offers efficiency, saves costs and offers scratch resistance. This Fact.MR report discusses key prospects for growth of global automotive additives market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.

The scope of the report is to analyze the global automotive additives market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive additives manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

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Considering the wide scope of the global automotive additives market, the Fact.MR report offers in-depth and segment-wise analysis. The global automotive additives market is segmented on the basis of plastic additives, plastic, application, vehicle type, and region. This segmentation also offers a detailed country-wise forecast on all the major parameters.

According to the latest report by Fact.MR, the global market for automotive additives is likely to experience above-average growth. The market is estimated to reach US$ 8,251.8 million revenue by 2022 end. Manufacturers in the automotive industry are focusing on developing highest performing solutions and with plastic emerging as the highest applied material in the interior, exterior and under the hood of the vehicle, automotive plastic additives are witnessing increased use in the automotive industry.

6 Forecast Highlights on Global Automotive Additives Market

1- North America is expected to dominate the global automotive additives market. Towards the end of 2022, North America automotive additives market is projected to exceed US$ 2,000 million revenue. Presence of the major market players and the increasing vehicle production are some of the factors fueling the growth of North America automotive additives market.

2- Europe is expected to be the second most lucrative market in the global automotive additives market. Europe automotive additives market is expected to witness steady growth during the forecast period.

3- Plasticizers are expected to be the most lucrative plastic additives. Plasticizers are projected to exceed US$ 2,400 million revenue by the end of 2022. Meanwhile, anti-scratch plastic additives are also expected to witness steady growth during the forecast period.

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4- Polypropylene (PP) is expected to be one of the most preferred plastics in the automotive additives market. Accounting nearly two-fifth of the revenue share by the end of 2017, polypropylene is projected to create an incremental opportunity of over US$ 700 million between 2017 and 2022.

5- Interior automotive additives are expected to account for maximum revenue share. Interior automotive additives are projected to exceed US$ 2,600 million revenue by the end of 2022. Although Exterior automotive additives will also witness steady growth in the coming years.

6- Compact passenger cars are expected to be the largest users of the automotive additives. Compact passenger cars are projected to account for nearly one-third of the revenue share by the end of 2017.

The report has also profiled leading players in the global market for automotive additives, which will remain active through 2022. These include companies such as Akzo Nobel NV, Saudi Basic Industries Corp., Covestro AG, BASF SE, LANXESS AG, Clariant AG, The Dow Chemical Company, Evonik Industries AG, Solvay SA, Kaneka Corporation, ExxonMobil Corporation, and Croda International PLC.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized automotive market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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This release was published on openPR.