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Automotive Plastics Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4520172
  • Report
  • 120 pages
  • Mordor Intelligence
until Jul 01st 2019
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  • A. Schulman Inc.
  • Braskem
  • DowDuPont
  • Hanwha Azdel
  • Lumotech (Pty) Ltd
  • Owens Corning
  • MORE
Market Overview

The automotive plastics market is expected to register a CAGR of over 10% during the forecast period, 2019 - 2024.
  • The increasing demand for lightweight and electric vehicles is expected to drive the demand for the market during the forecast period.
  • The decline of automotive production in Canada is likely to hinder the market’s growth.
  • Technological development in electric vehicles is projected to act as an opportunity for the market in the future.
Key Market Trends

Polypropylene to Dominate the Consumption
  • The market for polypropylene (PP) is expected to grow at a rapid rate during the forecast period because of its characteristics of being extremely chemical resistant and completely impenetrable to water.
  • The major parts in which polypropylene is used consists of seating, dashboard, fuel systems, panels, under-bonnet components, interior trim, electrical components, and many others.
  • Continuous development of new PP types allows the replacement of steel in automotive in the near future as well, which will help in reducing the weight of the vehicle.
  • The application areas of PP compounds have extended up to the present time due to improvements in the base PP, as well as the advanced compound technology and molding technology.
  • The growing demand for automobiles around the globe has increased the consumption of polypropylene in automotive plastics.
Asia-Pacific to Lead the Automotive Plastics Market
  • Asia-Pacific dominated the automotive plastics market due to the huge production of vehicles.
  • The improvement in the financial status of the consumers, owing to the consistent economic development in country, has increased the disposable income of the consumers, which, in turn, has resulted in the increased vehicle purchases.
  • This has resulted in the augmented growth of the automotive industry, in turn boosting the automotive plastics market.
  • For instance, China alone produced more than 25 million units of vehicles in 2018. India also witnessed a significant y-o-y growth of more than 8.19% in vehicle production in 2018. Moreover, the automotive industry in the Southeast Asian region is also witnessing growth.
  • These factors are likely to boost the automotive plastic consumption in the Asia-Pacific region.
Competitive Landscape

The automotive plastics market is partially fragmented. Key players in the automotive plastics market include DowDuPont, Teijin Limited, DSM Engineering Plastics B.V., BASF SE, and SABIC.

As part of this package, any purchases made up to 30th June will receive the following:

1) Free update of the report in 6 months on request 

2) Free Market Estimate sheet excel data sheet
Note: Product cover images may vary from those shown
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  • A. Schulman Inc.
  • Braskem
  • DowDuPont
  • Hanwha Azdel
  • Lumotech (Pty) Ltd
  • Owens Corning
  • MORE
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.2.1 Automotive Production Fueled in Asia-Pacific
4.2.2 Increasing Demand for Lightweight and Electric Vehicles
4.3 Market Restraints
4.3.1 Decline of Automotive Production in Canada
4.3.2 Other Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Raw Material Analysis

5.1 Product Type
5.1.1 Polypropylene (PP)
5.1.2 Polyvinyl Chloride (PVC)
5.1.3 Polyethylene (PE)
5.1.4 Polymethyl Methacrylate (PMMA)
5.1.5 Polycarbonate (PC)
5.1.6 Polyamides
5.1.7 Polyphenylene Sulfide (PPS)
5.1.8 Other Product Types
5.2 Application
5.2.1 Automobile Interior
5.2.2 Automobile Exterior
5.2.3 Under-the-hood
5.2.4 Electrical components
5.2.5 Other Applications
5.3 Geography
5.3.1 North America United States Canada Mexico
5.3.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.3.3 Asia-Pacific China India Japan South Korea ASEAN Countries Rest of Asia-Pacific
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle-East & Africa

6.1 Mergers and Acquisitions, Joint Ventures, Colaborations and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 A. Schulman Inc.
6.4.2 Arkema Group
6.4.3 Asahi Kasei Advance Corporation
6.4.4 BASF SE
6.4.5 Borealis AG
6.4.6 Braskem
6.4.7 Celanese Corporation
6.4.8 Covestro AG
6.4.9 Daicel Polymer Ltd
6.4.10 DSM Engineering Plastics BV
6.4.11 DowDuPont
6.4.12 Evonik Industries AG
6.4.13 Exxon Mobil Corporation
6.4.14 FARPLAS
6.4.15 Grand Traverse Plastics Corp.
6.4.16 Hanwha Azdel
6.4.17 LANXESS
6.4.18 Lear Corporation
6.4.19 LG Chem
6.4.20 Lumotech (Pty) Ltd
6.4.21 LyondellBasell Industries Holdings BV
6.4.22 Magna International Inc.
6.4.23 Momentive
6.4.24 Omni Plastics
6.4.25 Owens Corning
6.4.26 the Quadrant group of companies
6.4.27 SABIC
6.4.28 Seoyon E-Hwa
6.4.29 Solvay (incl. Cytec)
6.4.30 Teijin Limited
6.4.31 Total (Polyblend)
6.4.33 Trinseo SA
6.4.34 Zoltek Companies Inc. (Toray Industries Inc.)

7.1 Technological Development in Electric Vehicles
7.2 Other Opportunities
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4 of 5
  • A. Schulman Inc.
  • Arkema Group
  • Asahi Kasei Advance Corporation
  • Borealis AG
  • Braskem
  • Celanese Corporation
  • Covestro AG
  • Daicel Polymer Ltd
  • DSM Engineering Plastics BV
  • DowDuPont
  • Evonik Industries AG
  • Exxon Mobil Corporation
  • Grand Traverse Plastics Corp.
  • Hanwha Azdel
  • Lear Corporation
  • LG Chem
  • Lumotech (Pty) Ltd
  • LyondellBasell Industries Holdings BV
  • Magna International Inc.
  • Momentive
  • Omni Plastics
  • Owens Corning
  • the Quadrant group of companies
  • Seoyon E-Hwa
  • Solvay (incl. Cytec)
  • Teijin Limited
  • Total (Polyblend)
  • Trinseo SA
  • Zoltek Companies Inc. (Toray Industries Inc.)
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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