PUBLISHER: Grand View Research | PRODUCT CODE: 1268804
PUBLISHER: Grand View Research | PRODUCT CODE: 1268804
North America Automotive Plastics Market Size, Share & Trends Analysis Report By Product (PP, PU), By Application (Interior Furnishings, Power Trains), By Process, By Vehicle Type, And Segment Forecasts, 2023 - 2030
North America Automotive Plastics Market Growth & Trends:
The North America automotive plastics market size is anticipated to reach USD 7.37 billion by 2030, registering a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. The presence of stringent government regulations regarding reducing vehicular emissions is leading automotive manufacturers in the region to use plastics in their vehicles to reduce their weight, which results in declined fuel consumption. This trend is anticipated to lead to the growth of the market in North America over the forecast period.Polypropylene (PP) offers excellent chemical and electrical resistance even at very high temperatures.
It is semi-rigid, translucent, and provides integral hinge properties. PP is relatively lightweight compared to other plastics and is widely used in the automotive sector. It helps reduce the overall weight of vehicles, which, in turn, helps reduce fuel consumption and carbon dioxide emissions. It is used in several end-use industries, such as packaging, electrical & electronics, construction, consumer products, and automotive.Injection molding is a widely utilized plastic molding process in the automotive plastics market. This process is used to mold plastics that can be used as housing covers, light covers & lenses, clips for engine & lighting parts, wiring harnesses, and connectors.
In addition, this process is used to manufacture engine hoses and tubes, entire door handles, console & dashboard radio covers, and other electrical internal components, knobs for shifter levers, buttons, bezel panels, controls & covers for the sunroof and convertible roof assemblies. Growing demand for automotive plastics in interior furnishings, such as seat covers, steering wheels, body & light panels, seat bases, rear package shelves, fascia systems, load floors, and headliners is projected to boost the market growth over the forecast period. Automobile interior accessories, such as fascia systems, steering wheels, body & light panels, and seat covers, are made using various automotive plastics.
Various other internal components, such as headliners, seat bases, and load floors are built entirely from high-performance plastics, such as Acrylonitrile Butadiene Styrene (ABS) and Glass Mat Thermoplastics (GMT) composites, instead of metal, conventional rubber, and other parts.Automotive plastics are engineering plastics known for their enhanced performance that is increasingly used in the automotive industry owing to their versatility. These plastics are ideal for utilization in vehicles, as well as for carrying out required innovations in the automotive industry. In addition, automotive plastics are lightweight, which reduces fuel consumption and increases the range of EVs.
North America Automotive Plastics Market Report Highlights:
- The PP product segment occupied the largest revenue share in 2022 on account of the rising product demand from the end-use industries, such as packaging, electrical & electronics, construction, consumer products, and automotive
- PP offers excellent chemical and electrical resistance even at very high temperatures. It is semi-rigid, translucent, and provides integral hinge properties
- Expanding manufacturing base and increasing investments in advanced technologies for vehicular production are expected to bring about a new era of automobiles, positively influencing the market for automotive plastics
- The injection molding process segment occupied the largest revenue share in 2022 on account of the high utilization of this technology in the automotive industry
- The interior furnishings application segment heldthe largest share in 2022 and is projected to grow at a steady CAGR over the forecast period
- The conventional vehicles segment led the market and accounted for the maximum revenue share in 2022
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information Analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data Validation & Publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List To Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot 2022
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
- 2.4 Market Lineage Outlook
- 2.4.1 Global Plastics Market
- 2.4.2 Global Automotive Plastics Market Outlook
- 2.5 Penetration & Growth Prospect Mapping
- 2.6 Industry Value Chain Analysis
- 2.7 Raw Material Trends
- 2.8 Regulatory Framework
- 2.9 Technology Overview
- 2.10 Supply-Demand Analysis
- 2.10.1 Supply Analysis
- 2.10.2 Demand Analysis
- 2.11 Comparative Analysis (Conventional vs BEV vs HBEV)
- 2.12 Impact of Plastic Circular Economy
- 2.13 Electric Vehicle Charging Infrastructure Trends
- 2.14 Automotive Parts Manufacturing Scenario
- 2.15 Key Sourcing Strategies
- 2.16 Market Dynamics
- 2.16.1 Market Driver Impact Analysis
- 2.16.1.1 Increasing Demand For Lightweight Vehicles
- 2.16.1.2 Improvement In Recycling Process
- 2.16.2 Market Restraint Impact Analysis
- 2.16.2.1 Volatile Raw Material Prices
- 2.16.3 Market Opportunity Analysis
- 2.16.3.1 Increasing Consumer Concerns Regarding Comfort In Vehicles
- 2.16.1 Market Driver Impact Analysis
- 2.17 Industry Analysis Tools
- 2.17.1 Porter's Analysis
- 2.17.2 Macroeconomic Analysis
- 2.18 COVID-19 Impact on North America Automotive Plastics Market
- 2.19 Eastern Europe Geopolitical Conflict Implication Overview
- 2.20 Product Movement Analysis & Market Share, 2022 & 2030
- 2.21 Product Movement Analysis & Market Share, 2022 & 2030
- 2.22 North America Automotive Plastics Market Estimates & Forecast, By Product (Kilotons) (USD Million)
- 2.22.1 Acrylonitrile Butadiene Styrene (ABS)
- 2.22.2 Polypropylene (PP)
- 2.22.3 Polyurethane (PU)
- 2.22.4 Polyvinyl Chloride (PVC)
- 2.22.5 Polyethylene (PE)
- 2.22.6 Polycarbonates (PC)
- 2.22.7 Polymethyl Methacrylate (PMMA)
- 2.22.8 Polyamide (Pa)
- 2.22.9 Others
Chapter 3 North America Automotive Plastics Market: Process Estimates & Trend Analysis
- 3.1 Process Movement Analysis & Market Share, 2022 & 2030
- 3.2 Process Movement Analysis & Market Share, 2022 & 2030
- 3.3 North America Automotive Plastics Market Estimates & Forecast, By Process (Kilotons) (USD Million)
- 3.3.1 Injection Molding
- 3.3.2 Blow Molding
- 3.3.3 Thermoforming
- 3.3.4 Others
Chapter 4 North America Automotive Plastics Market: Application Estimates & Trend Analysis
- 4.1 Application Movement Analysis & Market Share, 2022 & 2030
- 4.2 North America Automotive Plastics Market Estimates & Forecasts, By Application (Kilotons) (USD Million)
- 4.2.1 Powertrain
- 4.2.2 Electrical Components
- 4.2.3 Interior Furnishing
- 4.2.4 Exterior Furnishing
- 4.2.5 Under The Hood
- 4.2.6 Chassis
Chapter 5 North America Automotive Plastics Market: Vehicle Type Estimates & Trend Analysi
- 5.1 Vehicle Type Movement Analysis & Market Share, 2022 & 2030
- 5.2 North America Automotive Plastics Market Estimates & Forecasts, by Vehicle Type (Kilotons) (USD Million)
- 5.2.1 Conventional Vehicles
- 5.2.2 Electric Vehicles
Chapter 6 North America Automotive Plastics Market: Regional Estimates & Trend Analysis
- 6.1 North America Automotive Plastics Market: Regional Outlook
- 6.2 North America
- 6.2.1 North America Automotive Plastics Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD MILLION)
- 6.2.2 U.S.
- 6.2.2.1 U.S. Automotive Plastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.2.3 Canada
- 6.2.3.1 Canada Automotive Plastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
- 6.2.4 Mexico
- 6.2.4.1 Mexico Automotive Plastics Market estimates & Forecasts, 2018 - 2030 (kilotons) (USD Million)
Chapter 7 North America Automotive Plastics Market - Competitive Landscape
- 7.1 Recent Developments & Impact Analysis, By Key Market Participants
- 7.2 Vendor Landscape
- 7.2.1 Company Categorization
- 7.2.2 List Of Key Distributors & Channel Partners
- 7.2.3 Key End-Users (Including Imd/Iml Service Providers)
- 7.2.4 List Of Automotive Oem
- 7.3 Portfolio Analysis/Kraljic Matrix
- 7.4 Competitive Dynamics
- 7.4.1 Company Product Portfolio Benchmarking
- 7.4.2 Company Market Share Analysis, 2022
- 7.4.3 Production Capacity & Plant Location Of Major Market Players
- 7.4.4 Strategy Mapping
- 7.4.4.1 Expansion
- 7.4.4.2 Mergers & Acquisition
- 7.4.4.3 Collaboration
- 7.4.4.4 New Product Launches
- 7.4.4.5 Research & Development
- 7.4.5 Company Heat Map Analysis
- 7.5 Company Profiles
- 7.5.1 BASF SE
- 7.5.2 SABIC
- 7.5.3 DOW, INC.
- 7.5.4 HANWHA AZDEL INC.
- 7.5.5 LEAR CORPORATION
- 7.5.6 OWENS CORNING
- 7.5.7 MAGNA INTERNATIONAL, INC.
- 7.5.8 MOMENTIVE PERFORMANCE MATERIALS, INC.
- 7.5.9 DUPONT DE NEMOURS, INC.
- 7.5.10 COVESTRO AG
List of Tables
- 1. Basic requirements for automotive materials
- 2. North America Automotive Plastics Market Estimates and Forecast, By Product, 2018 - 2030 (Kilotons)
- 3. North America Automotive Plastics Market Estimates and Forecast, By Product, 2018 - 2030 (USD Million)
- 4. North America Automotive Plastics Market Estimates and Forecast, By Process, 2018 - 2030 (Kilotons)
- 5. North America Automotive Plastics Market Estimates and Forecast, By Process, 2018 - 2030 (USD Million)
- 6. North America Automotive Plastics Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons)
- 7. North America Automotive Plastics Market Estimates and Forecasts, By Application, 2018 - 2030 (USD Million)
- 8. North America Automotive Plastics Market Estimates and Forecasts, by Vehicle Type, 2018 - 2030 (Kilotons)
- 9. North America Automotive Plastics Market Estimates and Forecasts, by Vehicle Type, 2018 - 2030 (USD Million)
- 10. Recent Developments & Impact Analysis, By Key Market Participants
- 11. Company Market Share, 2022
- 12. Key Companies Undergoing Expansions
- 13. Key Companies involved in M&As
- 14. Key Companies undergoing collaborations
- 15. Key Companies launching new products
- 16. Key Companies undertaking R&D activities
- 17. Company Heat Map Analysis
List of Figures
- 1. North America automotive plastics market segmentation
- 2. Information Procurement
- 3. Data Analysis Models
- 4. Market Formulation And Validation
- 5. Data Validating & Publishing
- 6. North America automotive plastics market dynamics
- 7. North America automotive plastics market: PORTER's Analysis
- 8. North America automotive plastics market: PESTEL Analysis
- 9. North America Automotive Plastics Market, by Process: Key Takeaways
- 10. North America Automotive Plastics Market, by Process: Market Share, 2022 & 2030
- 11. North America Automotive Plastics Market, by Process: Market Share, 2022 & 2030
- 12. Injection molding market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 13. Blow molding market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 14. Thermoforming market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 15. Others market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 16. North America Automotive Plastics Market, by Application: Key Takeaways
- 17. North America Automotive Plastics Market, by Application: Market Share, 2022 & 2030
- 18. North America Automotive Plastics Market, by Application: Market Share, 2022 & 2030
- 19. Powertrain market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 20. Electrical Components market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 21. Interior Furnishing market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 22. Exterior Furnishing market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 23. Under the hood Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 24. Fig.45 Chassis Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 25. North America Automotive Plastics Market, by Vehicle Type: Key Takeaways
- 26. North America Automotive Plastics Market Share, by Vehicle Type, 2022 & 2030 (%)
- 27. North America Automotive Plastics Market Share, by Vehicle Type, 2022 & 2030 (%)
- 28. North America Automotive Plastics Market Estimates & Forecasts for Conventional Vehicles, 2018-2030 (Kilotons) (USD Million)
- 29. North America Automotive Plastics Market Estimates & Forecasts for Electric Vehicles, 2018-2030 (Kilotons) (USD Million)
- 30. Regional marketplace: Key takeaways
- 31. North America Automotive Plastics Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 32. U.S. Automotive Plastics Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 33. Canada. Automotive Plastics Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 34. Mexico Automotive Plastics Market estimates & forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 35. Key Company Categorization
- 36. Portfolio Analysis/Kraljic Matrix
- 37. Company Market Share Analysis, 2022
- 38. Strategic framework
