Automotive Plastics Market size was valued at US$ 21.1 Bn. in 2021 and the total Automotive Plastics revenue is expected to grow at 7.9 % through 2022 to 2029, reaching nearly US$ 38.76 Bn.

Automotive Plastics Market Overview

The Automotive Plastics Market report, published by Maximize Market Research, presents a comprehensive analysis of the market in 2022, considering factors such as type, distribution channel, end-user, and industry vertical. The report also includes a forecast up to 2029. It provides in-depth data on mergers and acquisitions, recent developments, and business strategies implemented by key companies, serving as a valuable resource for new market entrants.

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Automotive Plastics Market Scope 

MMR's comprehensive research presents an in-depth assessment of the Automotive Plastics market, encompassing factors such as market size, market share, revenue, business strategies and recent developments of major players. The report offers valuable strategies for both new market entrants and established companies. Primary and secondary research methods were employed to collect Automotive Plastics market data, followed by analysis using SWOT analysis, PESTLE analysis and PORTER's five force model. These provide insights into drivers, restraints, opportunities and regional trends across key geographic regions including North America, South America, Asia Pacific, the Middle East and Africa, and Europe.

Segmentation

In 2021, the PP sector had the largest market share in terms of product type. Polypropene is also known as polypropylene (PP). A thermoplastic polymer that can be easily moulded into practically any shape is polypropylene. In passenger cars, polypropylene is frequently used for a range of interior, exterior, and underbody components. Engineers choose polypropylene over other plastics because it is a commodity material and is less expensive than other engineered polymers. Engineers frequently employ polypropylene to meet the requirements for low-cost vehicle design. These factors are responsible for PP's sizeable market share in the automotive plastics industry for passenger cars.

Demand for comfort features will boost the interior application segment of the automotive plastics market for passenger cars. Because plastics are used more frequently in interior applications to provide impact resistance and dimensional stability, it dominates the market. Plastics are used in interior applications to give automobiles excellent durability, colour, and aesthetic appeal. Interior components and parts include the dashboard, infotainment systems, instrument cluster, steering wheel assembly and component, airbag, carpet and other floor material, hood and trunk carpets, seals, frame, breaks, and gears, cables, and connection & socket.

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Key Players

• AkzoNobel N.V
• BASF SE
• Covestro
• Evonik Industries AG
• Johnson Controls
• Magna International
• Momentive Performance Materials Inc.
• SABIC
• The Dow Chemical Company
• Borealis AG
• Hanwha Azdel Inc.
• Grupo Antolin
• Lear Corp.
• Owens Corning
• Quadrant AG
• Royal DSM N.V
• Teijin Ltd
• Compagnie Plastic
• Zoltek Companies Inc.
• DSM Engineering Plastics B.V.
• EXXON Mobile
• Arkema
• Johnson Controls
• Bayer Material Science AG
• China National Offshore Oil Corporation
• Mitsubishi Chemical Holdings Corp.
• National Petrochemical Company
• Grupa Azoty S.A

Regional Analysis

The MMR report offers a detailed analysis of the Automotive Plastics market across significant geographic regions, namely North America, South America, Asia Pacific, the Middle East and Africa and Europe. It delves into factors such as product penetration, manufacturing locations and the cost of raw materials specific to each region. Additionally, the report incorporates value chain analysis as a crucial indicator for forecasting the Automotive Plastics market in each country.

Key Questions answered in the Automotive Plastics Market Report are:

  • What is Automotive Plastics Market?
  • What is the forecast period of the Automotive Plastics Market?
  • What is the competitive scenario of the Automotive Plastics market?
  • Which region held the largest market share in the Automotive Plastics Market?
  • What are the opportunities for the Automotive Plastics Market?
  • What are the restraining factors in the Automotive Plastics market?
  • Who are the key players of the Automotive Plastics market?

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2022-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Automotive Plastics
  • Landscape- Leading key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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