Global automotive plastics market for passenger cars is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the growing demand for automotive plastics for passenger cars, owing to increasing passenger car production and sales. Due to their good mechanical properties, automotive plastics are widely used to reduce vehicle weight, control emissions, improve designs, and provide durability. Growing demand for light-weight cars, rapid technological advancements, and stringent government rules to reduce CO2 emission are some of the factors contributing to the growth of the global automotive plastics market for passenger cars. Additionally, rapid advancements in automotive industry and stringent government regulations towards reducing vehicular emissions are boosting the growth of the global automotive plastics market for passenger cars. Moreover, automobile manufacturers are shifting from heavy metals to lightweight plastics for vehicle interiors, which is accelerating the adoption of automotive plastics for passenger cars.
The global automotive plastics market for passenger cars is segmented on the basis of product type, application, and region. Based on product type, the market has been segmented into Polypropylene, Polyurethanes, Acrylonitrile-Butadiene-Styrene (ABS), High Density Polyethylene (HDPE), Polyethylene Terepthalate (PET), Polyamide, Polyvinyl Chloride and Others. Polypropylene type is the maximum used polymer of the Automotive Plastics Market for Passenger Cars, followed by polyurethanes. APAC region dominated the market in 2021 and is expected to maintain its dominance over the next five years as well owing to growing vehicle production & sales in the emerging countries like China and India, stringent government rules for vehicle emission and growing demand for light vehicle weight cars in the region.
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Attribute
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Details
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, CAGR for
2017-2021 and 2022-2027
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Report coverage
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Revenue Forecast, Volume Forecast, Company
Share, Competitive Landscape, Growth Factors, And Trends
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Segments covered
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By Product Type
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By Application
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Region scope
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Asia Pacific; Europe & CIS; North
America; South America; Middle East & Africa
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Country scope
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China, India, Japan, South Korea, Australia, Singapore,
Malaysia, France, Germany, United Kingdom, Italy, Spain, United States, Mexico,
Canada, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Qatar
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Key companies profiled
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Akzonobel N.V., Bayer Materialscience
AG, Borealis AG, BASF SE, Grupo Antolin-Irausa S.A., Lear Corporation, Magna
International Incorporated, Royal DSM N.V., The DOW Chemical Company, Teijin
Limited
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Customization scope
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10% free report customization with purchase.
Addition or alteration to regional & segment scope.
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Pricing and purchase options
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Delivery Format
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