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Automotive Plastics Market Revenue Growth, Share Analysis and Forecast Till 2029

Author : snehal wadekar | Published On : 16 Apr 2024

Automotive Plastics Market Overview:

The in-depth market analysis reveals the ever-evolving competitive landscape, providing valuable insights into market share statistics and intricate profiles of leading global entities. Through a meticulous exploration of the Automotive Plastics Market, the study also investigates the pivotal elements influencing regional variations in the expansion of the Automotive Plastics sector.

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Automotive Plastics Market Scope: 

After completing the market valuation phase, an extensive primary research effort was undertaken to collect, analyze, and verify vital data. This involved assessing the market size, making forecasts, pinpointing key determinants, and cross-referencing data during statistical scrutiny. Utilizing both top-down and bottom-up approaches, alongside other validation methods, we meticulously examined market segments and sub-segments delineated in this study. All compiled data underwent rigorous qualitative and quantitative analysis to guarantee the delivery of robust insights in the report.

Automotive Plastics Market size was valued at US$ 24.56 Bn. in 2023 and the total Automotive Plastics revenue is expected to grow at 7.9 % through 2024 to 2030, reaching nearly US$ 41.83 Bn.

Automotive Plastics Market Regional Insights

The extensive regional analysis conducted by  Automotive Plastics Market research accurately pinpoints market drivers and sheds light on shifts in regional regulations, influencing present and future market trends. By meticulously scrutinizing both established and emerging trends, the research endeavors to assess the yet-to-be-realized potential within the market and pinpoint lucrative trends to enhance market positioning. This evaluation, encompassing the present scenario and foreseeable advancements, lays the groundwork for comprehending the dynamics of geographical markets.

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Automotive Plastics Market Segmentation :

In 2023, the PP sector had the largest market share among all product types. Polypropene is also known as polypropylene (PP). The thermoplastic polymer polypropylene is easily moulded into nearly any shape. The material polypropylene is frequently used in passenger cars for underbody, exterior, and interior components. Engineers choose polypropylene over other plastics because it is a commodity and less expensive than other engineered polymers. Engineers frequently employ polypropylene to satisfy the low-cost vehicle design requirements. The significant share of the passenger car automotive plastics industry that PP holds is explained by these factors.

According to application, the need for comfort features will propel the automotive plastics market for passenger cars' interior application sector. Since plastics are rapidly being used in interior applications to provide impact resistance and dimensional stability, the interior application leads the market. Car interior applications using plastics provide excellent colour, durability, and visual appeal. The interior segment includes the dashboard, entertainment systems, instrument cluster, steering wheel assembly and component, airbag, floor parts and components (carpet and other floor material), carpets in the hood and trunk, breaks, gears, cables, connectors, and sockets.

 

Automotive Plastics Market Key Players : 

1. AkzoNobel N.V 2. BASF SE 3. Covestro 4. Evonik Industries AG 5. Johnson Controls 6. Magna International 7. Momentive Performance Materials Inc. 8. SABIC 9. The Dow Chemical Company 10.Borealis AG 11.Hanwha Azdel Inc. 12.Grupo Antolin 13.Lear Corp. 14.Owens Corning 15.Quadrant AG 16.Royal DSM N.V 17.Teijin Ltd 18.Compagnie Plastic 19.Zoltek Companies Inc. 20.DSM Engineering Plastics B.V. 21.EXXON Mobile 22.Arkema 23.Johnson Controls 24.Bayer Material Science AG 25.China National Offshore Oil Corporation 26.Mitsubishi Chemical Holdings Corp. 27.National Petrochemical Company 28.Grupa Azoty S.A

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Key questions answered in the Automotive Plastics Market are:

  • What is Automotive Plastics ?
  • What was the Automotive Plastics market size in 2023?
  • What is the growth rate of the Automotive Plastics Market?
  • Which are the factors expected to drive the Automotive Plastics market growth?
  • What are the different segments of the Automotive Plastics Market?
  • What growth strategies are the players considering to increase their presence in Automotive Plastics ?
  • What are the upcoming industry applications and trends for the Automotive Plastics Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Plastics Market?
  • Who are the leading companies and what are their portfolios in Automotive Plastics Market?
  • What segments are covered in the Automotive Plastics Market?
  • Who are the key players in the Automotive Plastics market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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 medical devices, pharmaceutical manufacturers, 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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