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Automotive Bioplastics Market Outlook for 2023 to 2033

The global automotive bioplastics market share is estimated to clock a revenue of US$ 2,103.28 million by 2033. Our chemicals and materials industry experts opine that automotive bioplastics providers can expect a CAGR of 10.7% through 2033, with a present valuation of US$ 761.06 million in 2023.

Key Trends in the Automotive Bioplastics Market

  • Governments have been implementing strict regulations to lower GHG emissions. This has impelled manufacturers to develop advanced products, like automotive bioplastics, to meet emission standards.
  • The introduction of efficient manufacturing technologies to develop automotive bioplastics positively influences the use of such materials in multiple vehicles among aftermarkets and OEMs.
  • The feedstock pricing of renewable resources of bioplastics like castor oil, sugar, and soybean determines the competitiveness of bioplastics in comparison to conventional petroleum-based routes. Consequently, manufacturers are exploring different feedstocks of automotive bioplastics to come up with new launches.
  • A surge in automotive producers are seeking bioplastics that offer similar performance, safety, and product quality in automobile parts composed of conventional plastics.
Attributes Details
Automotive Bioplastics Market Size, 2023 US$ 761.06 million
Automotive Bioplastics Market Size, 2033 US$ 2,103.28 million
Value CAGR (2023 to 2033) 10.7%

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Historical Growth of the Automotive Bioplastics Market Vs. Forecast Outlook

The emergence of bio-based plastic for the automotive industry has led to green transformation in the global industry. The automotive bioplastics market, in the historical period, has been driven by the surging public consciousness around the need to protect the environment and lower reliance on fossil fuels and other conventional sources of energy.

Attributes Details
Automotive Bioplastics Market Size (2018) US$ 457.81 million
Automotive Bioplastics Market Size (2022) US$ 687.5 million
Automotive Bioplastics Market (CAGR 2018 to 2022) 8.2%

Factors that catalyzed the market growth in the previous period include:

  • The emergence of stringent emission rules to avoid environmental damage as a result of an expanding population and surging vehicles on the road.
  • Increasing development of cutting-edge items that align with the sustainable turn of the automotive industry
  • Constant technological developments to advance the automotive bioplastics industry

In the upcoming years, the market is anticipated to be positively influenced by the following factors:

  • Prominent consumption of plastics in automotive is positively influencing the uptake of new inventions like biodegradable plastics for car interiors and exterior applications.
  • Reduction of vehicle weight is a hot topic in the automotive industry. Therefore, all kinds of plastics, including bioplastics, are expected to be an alternative to heavier materials like alloys and metals.
  • There is a growing demand for materials like bio-based PA or bio-based PE to meet the safety as well as performance requirements to develop high-quality automotive components.

Comparative View of Adjacent Automotive Bioplastics Industry

In the following table, the automotive bioplastics market has been compared alongside the automotive plastics market and starch-based bioplastics packaging market. The table reveals the market drivers, trends, and key opportunities in the following markets. As per the analysis, the automotive bioplastics market is expected to expand at a greater CAGR of 10.7% through 2033. The automotive plastics market is predicted to record a total revenue of US$ 70.2 billion in 2023, higher than the other two markets.

Automotive Bioplastics Market:

Attributes Automotive Bioplastics Market
CAGR (2023 to 2033) 10.7%
Market Value (2023) US$ 761.06 million
Growth Factors
  • Strict regulations for GHG emissions
  • Increasing introduction of improved manufacturing technologies
Future Opportunities Exploration of new feedstock by key players to enjoy price competitiveness
Market Trends Increasing demand for lighter weighing automotives for better mileage and performance

Automotive Plastics Market:

Attributes Automotive Plastics Market
CAGR (2023 to 2033) 6.9%
Market Value (2023) US$ 70.2 billion
Growth Factors
  • Increasing emphasis on dropping the vehicle weight to enhance fuel efficiency and lower emissions
  • The surging shift to electric and hybrid vehicles is boosting the adoption of automotive plastics.
Future Opportunities The growing importance of 3D printing or additive manufacturing in the automotive industry is expected to create new opportunities for market players.
Market Trends Surging investments in research and development activities to create bio-based, recyclable, and reused materials

Starch-based Bioplastics Packaging Market:

Attributes Starch-based Bioplastics Packaging Market
CAGR (2023 to 2033) 8.7%
Market Value (2023) US$ 15.5 billion
Growth Factors
  • The starch-based bioplastics market for packaging is driven by surging demand for a sustainable packaging solution.
  • Supportive government initiatives to encourage sustainable packaging
Future Opportunities Brand owners leverage the green movement by opting for sustainable packaging solutions like starch-based bioplastics.
Market Trends Technological upgradations in the packaging industry
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Region-wise Insights of Automotive Bioplastics Market

Sustainability Concerns in North America Fueling the Incorporation of Bioplastics in Automotives

North America is expected to have a significant market share in the assessment period. The United States is projected to have a ruling share in the region. The country's growth is strongly driven by the surging vehicle population, suggesting that Americans prioritize vehicle ownership, especially cars. According to the latest statistics from Forbes Media LLC, personal as well as commercial vehicle registrations in the United States surged by 3.66%, demonstrating an uptick in car ownership. Many households in the United States had at least one vehicle in 2021, whereas 22.1% of American households had three or more vehicles.

Due to increased ownership, concerns over cost, environmental impact, and sustainability have increased. This has resulted in innovations in the automotive industry to address the issues, giving rise to the important usage of bioplastics in automobiles. The automotive industry has been encouraged to develop bio-based plastic materials for cars due to safety, lightweight, fuel economy standards, style, public appeal, and new regulations for curbing GHG emissions. The automotive industry is a significant end-user of bioplastics. The consumption growth of bioplastics used in the automotive industry in the United States is projected to see a prominent rise in the predicted period.

Increasing Partnerships to Consolidate Market and Product Expertise to Enhance Europe’s Market

The analysis of the Europe market for automotive bioplastics indicates that Europe is projected to have a sizeable market portion in the upcoming years. Within Europe, Germany accounts for a prominent market presence. Apart from that, FMI analysts have spotted that the United Kingdom is expanding significantly through 2033. Several European companies are focusing on developing sustainable solutions from an entirely self-controlled supply chain. Moreover, leading players in the market are building up their internal expertise in materials development with several partners.

In October 2020, Röchling Automotive introduced a bioplastic Röchling-BioBoom, which is a patented PLA-based biopolymer that contains 90% renewable raw materials. Thus offering an economical and ecological alternative to conventional materials like polyester (PET, PC, PBT) and polyolefins, polystyrene, and polyamides. Such transformations in the industry are expected to facilitate the development of eco-friendly vehicles and thus help direct the automotive industry toward sustainability.

Asia Pacific to Speed up in the Upcoming Years

As per the market assessment of automotive bioplastics, the Asia Pacific region is expected to expand vigorously over the forecast period. Within this region, the contribution of China and India, which are expanding at notable CAGRs, is quite prominent. Manufacturers create more sustainable materials and fulfill demand patterns in Asian growth markets. The region has been instrumental in the large-scale commercialization of automotive bioplastics. Still, parameters like government policies, industry infrastructure, and feedstock availability have led to varied results in different Asian countries.

The increasing commercial importance of bio-based solutions has led to their application in the automotive sector. Apart from this, the future capacity additions of automotive bioplastics are projected to bolster the market development. There have been increasing legislations and concerns about lowering CO2 emissions, which is expected to fuel the uptake of bio-based plastics and polymers as it has less carbon footprint than fossil plastics. Plant-based fibers also help lower the weight of certain pieces of equipment by 20 to 25%, thus enhancing the automotive’s performance.

Eco-conscious Consumers in Japan are Positively Influencing Japan's Approach to Bioplastics Market for Automotives

As per the latest market analysis of automotive bioplastic, the market in Japan is expected to have a noteworthy global share. The Japanese car manufacturers are considered to be leaders when it comes to utilizing bio-plastics in their cars. Key factors that make Japan a fertile ground for the development and introduction of bio-based materials include environment-conscious consumers and new product innovations. An automotive powerhouse like Toyota is committed to deploying bioplastics in applications like radiator end tanks and vent louvers. Bio-based research projects by Japanese players are expected to consolidate the market over the forecast period.

Australia to Provide Investment Opportunities to Automotive Bioplastics Businesses

Australia is emerging as a promising market for bioplastics over the assessment period. Bioplastics’ demand in Australia is increasing owing to its comparable strength to metals for a fraction of its weight. It is also more recyclable, as the material can be reused in other vehicles once the existing vehicle becomes obsolete. With such significant developments in the market, bioplastics have a shining future in the vehicle manufacturing industry. Many big names like Toyota and Ford are expected to capitalize on the emerging benefits of using bioplastics in automobiles. Such a high level of attention and commitment toward sustainability is projected to bring innovations in bioplastic applications.

Category-wise Insights of Automotive Bioplastics Market

Bio-based Polyamide to Hold a Significant Market Portion

The bio-based polyamide accounts for more than 45% of the overall market share. It is an extensively used material type that is used in the production of automotive plastic components. Bio-based polyamide helps enhance applications with a greater potential for wear and tear. Additionally, bio-based polyamides boast of a better environmental profile due to their composition of bio-based or renewable raw materials like castor oil, thus resulting in reduced GHG emissions.

Deployment of bio-based polyamides in automotive assists in saving money on gas and lower carbon emissions, typically driving the use of polyamides in e-mobility. With the help of bio-polyamide structures in manufacturing, manufacturers can save up to 50% of fuel. Qualities like mechanical and thermal efficiency, minimal moisture absorption, high chemical resistance, and other features are expected to boost the preference for bio-based polyamide in the years ahead.

Electric Cars to Find Massive Ownership Over the Forecast Period

EVs generate prominent revenue for automotive bioplastics. They are finding high adoption in developed countries of North America and Europe due to fluctuating fuel prices and expanding environmental awareness among the citizens. Surging incentives for EVs, rising urban population, and lowering battery prices are some of the prominent drivers of this segment. Apart from this, inter-governmental initiatives for EVs and invigorating transportation infrastructure in emerging and developed countries are expected to boost the adoption of EVs. All these factors are contributing to the uptake of EVs as a mode of transportation.

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Competitive Map to Beat the Market Competition

The market is populated with established players who have expertise in complex manufacturing technologies. Additionally, automotive bioplastic market manufacturers are striving for improved efficiency of their bioplastics-made automotive components by way of research and development efforts. Therefore, new investments in the research area are expected to spur market development. Due to these efforts, the market is witnessing new product launches with operational benefits.

Leading manufacturers in the market are constantly focusing on expanding their production volumes to serve the robustly expanding demand for bioplastics throughout the world. Other bioplastic companies market strategies in the automotive industry include product differentiation, mergers and acquisitions, partnerships, and collaborations.

Key Developments Shaping the Market

  • In August 2022, LG Chem and ADM entered a joint venture agreement for 'eco-friendly bioplastic.' This development came in response to increasing demand for an extensive portfolio of plant-based products like bioplastics.
  • TotalEnergies Corbion shared its strategy to extend its bioplastic production capacity in September 2020. The company reportedly informed to open its new plant in Europe with a production capacity of around 1,00,000 tons per annum.
  • In October 2020, Rochling Automotive developed a new bioplastic called BioBoom that utilizes 90% renewable raw materials. The product facilitates GHG savings that are around 70% more than PP and about 90% more than PA6. This way, the firm provides an economic and ecological alternative to many conventional materials.
  • In October 2021, Mayco International and Green Dot Bioplastics, Inc. partnered on a reclaimed fiber project. Mayco International needed a sustainable solution for waste created during the automotive components’ manufacture. Green Dot Bioplastics introduced Terratek NFRP in 2020, a type of bio composite utilizing fibers. Together, both companies created an NFRP composite material utilizing the trim and scrap fibers, eliminating them from the waste stream and extending the lifespan of the original materials.

Key Players in the Automotive Bioplastic Market Include

  • Mitsubishi Chemical Corporation AS
  • Total Corbion PLA
  • Teijin Group (1/3)
  • NatureWorks LLC
  • Denso Corporation
  • Solvay Group
  • Toray Industries Inc.
  • Evonik Industries AG
  • Arkema Group
  • Braskem
  • Novamount S.P.A.
  • RTP Company
  • BASF SE
  • Dow Chemical Company
  • Eastman Chemical Company

Automotive Bioplastics Market Research by Category

By Material:

  • Bio PA
  • Bio-PTT
  • Bio PET
  • Bio PBS
  • Bio PP
  • Bio PE
  • Others

By Vehicle:

  • Passenger Car
    • Compact
    • Mid Size
    • Luxury
    • SUVs
  • LCV
  • HCV
  • Electric Cars
    • BEV
    • HEV
    • PHEV

By Application:

  • Exterior
    • Bumper
    • Tailgate/Liftgate, Hood
    • Body Hardware
    • Others
  • Interior
    • Seats
    • Dashboard
    • Air Ducts
    • HVAC
    • Others
  • Engine Surrounding
    • Engine Covers/Valve Covers
    • Fuel Hoses/ Lines
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa

Frequently Asked Questions

How Big is the Automotive Bioplastics Market?

The automotive bioplastics market is expected to generate a revenue of US$ 761.06 million in 2023.

What is the Growth Potential of Automotive Bioplastics?

The market is expected to expand at a CAGR of 10.7% through 2033.

Which Material is Sought-after?

Bio-based polyamide is observing high sales in the automotive bioplastics market.

Which Vehicle is Highly Preferred in the Automotive Bioplastics Industry?

Electric cars are witnessing high adoption from consumers.

Who are the Competitors of Automotive Bioplastics?

Evonik Industries AG, Arkema Group, and Braskem are the key competitors in the market.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Material, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Material, 2023 to 2033

        5.3.1. Bio PA

        5.3.2. Bio-PTT

        5.3.3. Bio PET

        5.3.4. Bio PBS

        5.3.5. Bio PP

        5.3.6. Bio PE

        5.3.7. Others

    5.4. Y-o-Y Growth Trend Analysis By Material, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Material, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Vehicle, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Vehicle, 2023 to 2033

        6.3.1. Passenger Car

            6.3.1.1. Compact

            6.3.1.2. Mid Size

            6.3.1.3. Luxury

            6.3.1.4. SUVs

        6.3.2. LCV

        6.3.3. HCV

        6.3.4. Electric Cars

            6.3.4.1. BEV

            6.3.4.2. HEV

            6.3.4.3. PHEV

    6.4. Y-o-Y Growth Trend Analysis By Vehicle, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Vehicle, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2023 to 2033

        7.3.1. Exterior

            7.3.1.1. Bumper

            7.3.1.2. Tailgate/Liftgate, Hood

            7.3.1.3. Body Hardware

            7.3.1.4. Others

        7.3.2. Interior

            7.3.2.1. Seats

            7.3.2.2. Dashboard

            7.3.2.3. Air Ducts

            7.3.2.4. HVAC

            7.3.2.5. Others

        7.3.3. Engine Surrounding

            7.3.3.1. Engine Covers/Valve Covers

            7.3.3.2. Fuel Hoses/ Lines

        7.3.4. Others

    7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Western Europe

        8.3.4. Eastern Europe

        8.3.5. South Asia and Pacific

        8.3.6. East Asia

        8.3.7. Middle East and Africa

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. USA

            9.2.1.2. Canada

        9.2.2. By Material

        9.2.3. By Vehicle

        9.2.4. By Application

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Material

        9.3.3. By Vehicle

        9.3.4. By Application

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Material

        10.2.3. By Vehicle

        10.2.4. By Application

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Material

        10.3.3. By Vehicle

        10.3.4. By Application

    10.4. Key Takeaways

11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. UK

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Western Europe

        11.2.2. By Material

        11.2.3. By Vehicle

        11.2.4. By Application

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Material

        11.3.3. By Vehicle

        11.3.4. By Application

    11.4. Key Takeaways

12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Poland

            12.2.1.2. Russia

            12.2.1.3. Czech Republic

            12.2.1.4. Romania

            12.2.1.5. Rest of Eastern Europe

        12.2.2. By Material

        12.2.3. By Vehicle

        12.2.4. By Application

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Material

        12.3.3. By Vehicle

        12.3.4. By Application

    12.4. Key Takeaways

13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. India

            13.2.1.2. Bangladesh

            13.2.1.3. Australia

            13.2.1.4. New Zealand

            13.2.1.5. Rest of South Asia and Pacific

        13.2.2. By Material

        13.2.3. By Vehicle

        13.2.4. By Application

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Material

        13.3.3. By Vehicle

        13.3.4. By Application

    13.4. Key Takeaways

14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. China

            14.2.1.2. Japan

            14.2.1.3. South Korea

        14.2.2. By Material

        14.2.3. By Vehicle

        14.2.4. By Application

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Material

        14.3.3. By Vehicle

        14.3.4. By Application

    14.4. Key Takeaways

15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of MEA

        15.2.2. By Material

        15.2.3. By Vehicle

        15.2.4. By Application

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Material

        15.3.3. By Vehicle

        15.3.4. By Application

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. USA

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2022

            16.1.2.1. By Material

            16.1.2.2. By Vehicle

            16.1.2.3. By Application

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2022

            16.2.2.1. By Material

            16.2.2.2. By Vehicle

            16.2.2.3. By Application

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2022

            16.3.2.1. By Material

            16.3.2.2. By Vehicle

            16.3.2.3. By Application

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2022

            16.4.2.1. By Material

            16.4.2.2. By Vehicle

            16.4.2.3. By Application

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2022

            16.5.2.1. By Material

            16.5.2.2. By Vehicle

            16.5.2.3. By Application

    16.6. UK

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2022

            16.6.2.1. By Material

            16.6.2.2. By Vehicle

            16.6.2.3. By Application

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2022

            16.7.2.1. By Material

            16.7.2.2. By Vehicle

            16.7.2.3. By Application

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2022

            16.8.2.1. By Material

            16.8.2.2. By Vehicle

            16.8.2.3. By Application

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2022

            16.9.2.1. By Material

            16.9.2.2. By Vehicle

            16.9.2.3. By Application

    16.10. Poland

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2022

            16.10.2.1. By Material

            16.10.2.2. By Vehicle

            16.10.2.3. By Application

    16.11. Russia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2022

            16.11.2.1. By Material

            16.11.2.2. By Vehicle

            16.11.2.3. By Application

    16.12. Czech Republic

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2022

            16.12.2.1. By Material

            16.12.2.2. By Vehicle

            16.12.2.3. By Application

    16.13. Romania

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2022

            16.13.2.1. By Material

            16.13.2.2. By Vehicle

            16.13.2.3. By Application

    16.14. India

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2022

            16.14.2.1. By Material

            16.14.2.2. By Vehicle

            16.14.2.3. By Application

    16.15. Bangladesh

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2022

            16.15.2.1. By Material

            16.15.2.2. By Vehicle

            16.15.2.3. By Application

    16.16. Australia

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2022

            16.16.2.1. By Material

            16.16.2.2. By Vehicle

            16.16.2.3. By Application

    16.17. New Zealand

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2022

            16.17.2.1. By Material

            16.17.2.2. By Vehicle

            16.17.2.3. By Application

    16.18. China

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2022

            16.18.2.1. By Material

            16.18.2.2. By Vehicle

            16.18.2.3. By Application

    16.19. Japan

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2022

            16.19.2.1. By Material

            16.19.2.2. By Vehicle

            16.19.2.3. By Application

    16.20. South Korea

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2022

            16.20.2.1. By Material

            16.20.2.2. By Vehicle

            16.20.2.3. By Application

    16.21. GCC Countries

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2022

            16.21.2.1. By Material

            16.21.2.2. By Vehicle

            16.21.2.3. By Application

    16.22. South Africa

        16.22.1. Pricing Analysis

        16.22.2. Market Share Analysis, 2022

            16.22.2.1. By Material

            16.22.2.2. By Vehicle

            16.22.2.3. By Application

    16.23. Israel

        16.23.1. Pricing Analysis

        16.23.2. Market Share Analysis, 2022

            16.23.2.1. By Material

            16.23.2.2. By Vehicle

            16.23.2.3. By Application

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Material

        17.3.3. By Vehicle

        17.3.4. By Application

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. Mitsubishi Chemical Corporation AS

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

                18.1.1.5.2. Product Strategy

                18.1.1.5.3. Channel Strategy

        18.1.2. Total Corbion PLA

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

                18.1.2.5.2. Product Strategy

                18.1.2.5.3. Channel Strategy

        18.1.3. Teijin Group (1/3)

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

                18.1.3.5.2. Product Strategy

                18.1.3.5.3. Channel Strategy

        18.1.4. NatureWorks LLC

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

                18.1.4.5.2. Product Strategy

                18.1.4.5.3. Channel Strategy

        18.1.5. Denso Corporation

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

                18.1.5.5.2. Product Strategy

                18.1.5.5.3. Channel Strategy

        18.1.6. Solvay Group

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

                18.1.6.5.2. Product Strategy

                18.1.6.5.3. Channel Strategy

        18.1.7. Toray Industries Inc.

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

                18.1.7.5.2. Product Strategy

                18.1.7.5.3. Channel Strategy

        18.1.8. Evonik Industries AG

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

                18.1.8.5.2. Product Strategy

                18.1.8.5.3. Channel Strategy

        18.1.9. Arkema Group

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

                18.1.9.5.2. Product Strategy

                18.1.9.5.3. Channel Strategy

        18.1.10. Braskem

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

                18.1.10.5.2. Product Strategy

                18.1.10.5.3. Channel Strategy

        18.1.11. Novamount S.P.A.

            18.1.11.1. Overview

            18.1.11.2. Product Portfolio

            18.1.11.3. Profitability by Market Segments

            18.1.11.4. Sales Footprint

            18.1.11.5. Strategy Overview

                18.1.11.5.1. Marketing Strategy

                18.1.11.5.2. Product Strategy

                18.1.11.5.3. Channel Strategy

        18.1.12. RTP Company

            18.1.12.1. Overview

            18.1.12.2. Product Portfolio

            18.1.12.3. Profitability by Market Segments

            18.1.12.4. Sales Footprint

            18.1.12.5. Strategy Overview

                18.1.12.5.1. Marketing Strategy

                18.1.12.5.2. Product Strategy

                18.1.12.5.3. Channel Strategy

        18.1.13. BASF SE

            18.1.13.1. Overview

            18.1.13.2. Product Portfolio

            18.1.13.3. Profitability by Market Segments

            18.1.13.4. Sales Footprint

            18.1.13.5. Strategy Overview

                18.1.13.5.1. Marketing Strategy

                18.1.13.5.2. Product Strategy

                18.1.13.5.3. Channel Strategy

        18.1.14. Dow Chemical Company

            18.1.14.1. Overview

            18.1.14.2. Product Portfolio

            18.1.14.3. Profitability by Market Segments

            18.1.14.4. Sales Footprint

            18.1.14.5. Strategy Overview

                18.1.14.5.1. Marketing Strategy

                18.1.14.5.2. Product Strategy

                18.1.14.5.3. Channel Strategy

        18.1.15. Eastman Chemical Company

            18.1.15.1. Overview

            18.1.15.2. Product Portfolio

            18.1.15.3. Profitability by Market Segments

            18.1.15.4. Sales Footprint

            18.1.15.5. Strategy Overview

                18.1.15.5.1. Marketing Strategy

                18.1.15.5.2. Product Strategy

                18.1.15.5.3. Channel Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

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