Automotive Plastic Additives Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Automotive Application (Exterior Application, Interior Application, Under the Hood, Electronics & Electrical Others), By Vehicle Type (Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle and Electric Vehicle), By Plastic Type (Polypropylene, Polyurethane
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAutomotive Plastic Additives Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Automotive Application (Exterior Application, Interior Application, Under the Hood, Electronics & Electrical Others), By Vehicle Type (Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle and Electric Vehicle), By Plastic Type (Polypropylene, Polyurethane
Global automotive plastic additives market is projected to grow at a formidable rate during the forecast period, 2023-2027. Automotive plastic additives are used to enhance the properties of plastic such as increased chemical, water, and scratch resistance, reduced coefficient of friction, improved gloss, enhanced water repellency, etc. The market growth can be attributed to the increasing demand for lightweight vehicles and rising trend of electric vehicles across the globe. In addition, rising concerns of the environmental protection and rising government support for the development of electric vehicles across the globe are some of the factors expected to propel the market growth. Rise in the popularity of low-cost automobile interior is also adding to the growth of the global automotive plastic additives market. Additionally, enhanced focus on reducing plastic wastage and improving the biodegradability of plastics have led to the increased adoption of automotive plastic additives in recent years. Moreover, increased focus of companies on developing new and advanced products for increasing the functionality of the product and emergence of new additives are some of the factors aiding the growth of the market.
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The global automotive plastic additives market is segmented on the basis of automotive application, vehicle type, plastic type, plastic additives, and region. Based on automotive application, the market is segmented into exterior application, interior application, under the hood and electronics and electrical. The interior application segment is estimated to dominate the market during the forecast period due to growing demand for automotive plastic additives in interior application due to the high use of plastics. Moreover, electrification of vehicles in emerging countries such as China and India are driving the market for automotive plastic additives due to which the Asia-Pacific region is estimated to be the largest market for automotive plastic additives during the forecast period.
Some of the leading players in the global automotive plastic additives market are BASF SE, Exxon Mobil Corporation, The DOW Chemical Company, Akzo Nobel Nv, Covestro AG, Lanxess AG, Kaneka Corporation, Polyone Corporation, Clariant AG, Solvay SA, etc.
| Attribute | Details |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
| Segments covered | · By Automotive Application · By Vehicle Type · By Plastic Type · By Plastic Additives |
| Region scope | Asia Pacific; Europe & CIS; North America; South America; Middle East & Africa |
| Country scope | 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 |
| Key companies profiled | BASF SE, Exxon Mobil Corporation, The DOW Chemical Company, Akzo Nobel Nv, Covestro AG, Lanxess AG, Kaneka Corporation, Polyone Corporation, Clariant AG, Solvay SA |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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