PUBLISHER: Lucintel | PRODUCT CODE: 1154069
PUBLISHER: Lucintel | PRODUCT CODE: 1154069
Automotive Plastics Market Trends and Forecast
The future of the global automotive plastics market looks promising with opportunities in the passenger cars, light commercial vehicles, and heavy commercial vehicles. The global automotive plastics market is expected to grow at a CAGR of 6.3% from 2021 to 2027. The major drivers of growth for this market are increasing demand for lightweight materials for OEMs to reduce vehicle weight in response to stringent government regulations on fuel economy.
Emerging Trends in the Automotive Plastics Market
Emerging trends, which have a direct impact on the dynamics of the industry, include development of recycling technologies for plastics and replacement of PA 66 with cheaper and advanced PA 6.
A total of 87 figures / charts and 37 tables are provided in this 170-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global automotive plastics market report.
Automotive Plastics Market by Segments
Lucintel forecasts that polyamides will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global automotive plastics market by polymer, vehicle type, application, and region, as follows:
Automotive Plastics Market by Polymer [Value ($ Million) and Volume (Million Pounds) from 2016 to 2027]:
Automotive Plastics Market by Vehicle Type [Value ($ Million) and Volume (Million Pounds) from 2016 to 2027]:
Automotive Plastics Market by Application [Value ($ Million) and Volume (Million Pounds) from 2016 to 2027]:
Automotive Plastics Market by Application [Value ($ Million) and Volume (Million Pounds) for 2021]:
Seating
Dashboard
Trims
Others
Bumpers
Trims
Lightings
Fuel systems
Others
Air intake manifolds
Engine covers
Rocker covers
Front end module
Fuel lines
Other components
Automotive Plastics Market by Region [Value ($ Million) and Volume (Million Pounds) from 2016 to 2027]:
List of Automotive Plastics Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive plastics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive plastics companies profiled in this report includes.
Automotive Plastics Market Insights
Features of the Global Automotive Plastics Market
FAQ
Q1. What is the automotive plastics market size?
Answer: The global automotive plastics market is expected to reach an estimated $19.6 billion by 2027.
Q2. What is the growth forecast for automotive plastics market?
Answer: The automotive plastics market is expected to grow at a CAGR of 6.3% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the automotive plastics market?
Answer: The major drivers for this market are increasing demand for lightweight materials for OEMs to reduce vehicle weight in response to stringent government regulations on fuel economy.
Q4. What are the major type or end use industries for automotive plastics?
Answer: Polyamides is the major segment by resin type for automotive plastics.
Q5. What are the emerging trends in automotive plastics market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, include development of recycling technologies for plastics and replacement of PA 66 with cheaper and advanced PA 6.
Q6. Who are the key automotive plastics companies?
Answer: Some of the key automotive plastics companies are as follows:
Q7. Which automotive plastics product segment will be the largest in future?
Answer: Lucintel forecasts that passenger car segment will remain largest segment during the forecast period due to increasing plastic content per vehicle in emerging applications like oil pans, wheel rims, and battery trays.
Q8 : In automotive plastics market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to remain the largest region due to increasing use of plastic content per vehicle coupled with stringent government regulations to reduce carbon emissions and to increase fuel efficiency. Asia Pacific is expected to witness significant growth over the forecast period because of high vehicle production and gradually increasing plastic content per vehicle.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.