Automotive Plastics Market Growth and Trend Analysis Report, 2016 to 2024

1
Your Catalyst to a Lucrative Business
Automotive Plastics Market Share, Size, Analysis,
Growth, Trends and Forecast to 2024 Hexa
Research
The global automotive plastics market is
projected to go beyond 18 million tons by the end
of the forecast period (2016-2024)
The Global Automotive Plastics Market is poised
to exceed USD 66 billion by 2024. The market is
anticipated to grow at a healthy CAGR of over
13.5 from 2016-2024 (forecast period). Demand
for interior exterior furnishings power train
applications can fuel the global market in the
forthcoming years.
Alloys metals are increasingly being
substituted with plastics in automobile parts.
This leads to enhanced component performance
chemical corrosion resistance owing to reduced
vehicular weight. Greater focus on emission
control and on the reduction of vehicle weight
will fuel market demand during the forecast
period. Other market drivers are enhanced vehicle
designs and demand for automobiles. The
automotive market has been witnessing a growing
trend towards vehicular weight reduction for
enhanced fuel efficiency.
Besides reducing the weight of vehicles, these
compounds are employed to enhance aesthetics,
reduce vibrations, and decrease noise cabin
insulation. However, high costs of raw materials
and substantial investments could hinder market
growth. Most automotive plastic products are
derived from petrochemicals. The availability of
crude oil determines the supply of
petrochemicals. The non-recyclable nature
of automotive plastics can impede market progress.
Browse Details of Report _at_ https//www.hexaresearc
h.com/research-report/automotive-plastics-industry
Follow Us
2
Your Catalyst to a Lucrative Business
The global automotive plastics market is
categorized into products, applications, and
regions. Products include polyethylene,
acrylonitrile butadiene styrene (ABS),
polyurethane, polypropylene, polyvinyl
chloride (PVC), polycarbonate, polyamide, and
polymethyl methacrylate (PMMA). Polypropylene led
the market in 2014 with a revenue exceeding USD 5
billion. Engineering metals plastics are
increasingly being replaced by PP-based materials
in the production of automobile parts. This leads
not only to vehicular weight reductions but also
to significant costs savings. Polypropylene and
polyethylene foams are commonly used for
vibration and noise dampening thermal solidity.
PMMA holds a smaller market share. However, this
segment may witness substantial growth in the
forecast period. This owes to the widespread
application of PMMA in automobile light covers,
windows, trims, and glazing. It is also used as a
replacement for glass.
Based on applications, the automotive plastics
market is divided into electrical components,
power train, under the hood, interior exterior
furnishings, and chassis. In 2014, electrical
components held the largest share and surpassed
USD 6 billion. Interior exterior applications
held a share of over 32 in 2014 and can grow at
a CAGR of over 9 during the forecast period.
Bumper systems, fascia systems, body light
panels, and steering wheels are the key
components that use automotive plastics. Power
trains is anticipated to be the fastest growing
segment and may register a CAGR of over 10
during the next eight years.
Based on regions, the global automotive plastics
market is segmented into Asia Pacific, Europe,
North America, and Rest of the World. The
Asia-Pacific automotive plastics market dominated
the industry in 2014. In terms of revenue, the
region reported USD 9.5 billion during the same
year. The shift of automotive manufacturing units
to countries, such as India, China, Thailand, and
Indonesia propels the Asia Pacific market. Demand
is attributed to supportive government
initiatives and the availability of cheap labor.
Central South America could grow at a decent
CAGR of over 10.5 from 2016 to 2024. Major
companies operating in the industry are Johnson
Controls, The Dow Chemical Company, Akzo Nobel N.
V., Delphi Automotive PLC, and Evonik Industries
A. G.
Browse Related Category Market Reports _at_
https//www.hexaresearch.com/research-category/pla
stics-polymers-and-resins-industry
Follow Us
3
Your Catalyst to a Lucrative Business
Table of Content of Automotive Plastics Market
1. Methodology Scope
1.1 Research Methodology
1.1 Initial Data Exploration
1.2 Statistical Modeling and Forecast 1.3
Industry Insights and Validation 1.2 Research
Scope Assumptions 1.3 List of Data Sources
2. Executive Summary
2.1 Industry Summary of Automotive Plastics Market
3. Industry Outlook
3.1 Automotive Plastics Market Segmentation 3.2
Automotive Plastics Market Size and Growth
Prospects 3.3 Automotive Plastics Market
Dynamics 3.4 Key Opportunities Prioritized
3.5 Industry Analysis - Porter's
3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 Automotive Plastics Market share by
application, 2016 2024
5. Regional Outlook 5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa) 5.6 RoW (Rest of
the World)
6. Competitive Landscape 6.1 Johnson Controls
6.1.1 Company Overview
Follow Us
4
Your Catalyst to a Lucrative Business
6.1.2 Revenue Analysis 6.1.3 Product
Benchmarking 6.1.4 Strategic Initiatives 6.2 The
Dow Chemical Company 6.2.1 Company Overview 6.2.2
Revenue Analysis
6.2.3 Product Benchmarking 6.2.4 Strategic
Initiatives 6.3 Akzo Nobel N. V.
6.3.1 Company Overview 6.3.2 Revenue Analysis
6.3.3 Product Benchmarking 6.3.4 Strategic
Initiatives 6.4 Delphi Automotive PLC 6.4.1
Company Overview 6.4.2 Revenue Analysis
6.4.3 Product Benchmarking 6.4.4 Strategic
Initiatives 6.5 Evonik Industries A. G. 6.5.1
Company Overview 6.5.2 Revenue Analysis
6.5.3 Product Benchmarking 6.5.4 Strategic
Initiatives
Follow Us
5
Your Catalyst to a Lucrative Business
About Us
Hexa Research is a market research and consulting
organization, offering industry reports, custom
research and consulting services to a host of key
industries across the globe. We offer
comprehensive business intelligence in the form
of industry reports which help our clients obtain
clarity about their business environment and
enable them to undertake strategic growth
initiatives.
Contact Us
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018 United States
Phone [phone] Email sales_at_hexaresearch.c
om Website - https//www.hexaresearch.com/
Follow Us