Automotive Plastics Market
Explore FMI’s incisive coverage on the Automotive Plastics market, offering up to date market insights for the forecast period 2022 to 2032
Automotive Plastics Market by Material Type, Application, End Use & Region | Forecast 2022 to 2032
Automotive Plastics Market Overview (2022 to 2032)
[257 Pages Report] Global demand for automotive plastics is expected to rise at a yearly growth rate of 4.7% Y-o-Y to US$ 34.21 Billion in 2026, supported by:
- Brisk growth in the automotive sector led to upsurged demand for automotive plastics
- Recycling of plastics provides an optimum supply of raw materials for the manufacturing of automotive components
- The light weight of these plastics reduces fuel consumption and minimizes CO2 emission.
- The ideal physical & chemical properties of polypropylene make it an ideal preference.
During the period ranging from 2020 to 2022, Automotive Plastics’ demand prospects were hindered due to economic downfall and reduced sales of automobiles, due to the unprecedented occurrence of Covid-19. Recovery in the automotive sector, improved vehicle design capabilities, and increasing focus on vehicle weight reduction and emission control.
Developments in recycling processes have compelled manufacturers to use high-performance automotive plastics. Generally, an average car consists of 5.8 to 10% of plastics, depending on fuel-efficiency standards and performance requirements, with consumption in vehicular equipment accounting for over 110-120 kg in an average car.
This percentage is likely to upsurge owing to the rising demand from consumers for high-performance, lightweight, and fuel-efficient vehicles, thereby supplementing the demand for automotive plastics over the forthcoming years.
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Data Points |
Key Statistics |
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Expected Market Value (2022) |
US$ 28.5 Billion |
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Anticipated Forecast Value (2032) |
US$ 45 Billion |
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Projected Growth Rate (2022 to 2032) |
4.7% |
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Continuous Growth in Automotive Industry to Set a Strong Base for Automotive Plastics Manufacturers in the Asia Pacific
The Asia Pacific is anticipated to yield significant growth prospects, attributed to a bourgeoning and robust automotive sector. During the forecast period (2022 to 2032), the region is likely to exhibit a Y-o-Y growth rate of 4.6%.
Within the Asia Pacific, India is likely to emerge as one of the strongest markets for future automotive sales. With the expanding manufacturing base and soaring investments in advanced technologies for vehicular production, the automotive plastics industry is likely to display positive growth & is likely to bring about a new era of automobiles. Increasing emphasis on fuel efficiency among consumers will further drive the demand for sustainable plastics. For instance, in November 2021, the Indian Oil Corporation (IOC) and two other public sector oil companies declared plans to build 22,000 charging stations for electric vehicles over the next three to five years.
Similarly, China exhibited rapid growth in the automotive plastics industry, backed by the availability of cheap labor and accessibility of raw materials. However, due to the variable slump in the automotive sector in recent years, the growth was restricted but is likely to recuperate at a fast pace, propelled by increasing consumer spending and the revival of the regional economy.
Opportunities abound in the Interior Furnishing Segment
In addition to utility in manufacturing automotive parts, demand for Automotive Plastics will escalate across the interior furnishing segment, expected to register a CAGR of 5.2% until 2026. The reason for the success of polymeric materials is not only because of their lightweight character but is also explained by their widely adjustable visual appearance, feel as well as acoustic behavior, and odor. Automotive Plastics are considered a viable option for making seat covers, steering wheels, seat bases, load floors, headliners, rear package shelves, and fascia systems.
Considering the upsurge in demand for these items, prominent manufacturers are investing in high-quality Automotive Plastics to offer excellent build quality and slash manufacturing costs.
Plastics are extensively used in automotive components and parts due to easy manufacturing, possible sourcing from renewable raw materials, and advanced designs. As fuel efficiency becomes a rising concern for consumers, any weight reduction can translate directly into a boost in sales.
The expansion of the industry can be attributed to manufacturers’ increasing focus on reducing vehicle weight. Also, growing efforts to regulate emissions is another factor strengthening the industry in the forecast period.
Growing development in the automotive sector and versatile characteristics of plastics like the resistance to abrasion, thermal stability, impact resistance, and ease of moldability are projected to be the key drivers in augmenting the market size in the forecast period.
Plastics are witnessing a significant demand in the automotive sector for manufacturing exterior and interior components like safety, bumpers, doors, windows, side-view mirrors, grilles, and wheel covers. These efficient plastics are used in the automotive sector owing to their good mechanical properties and flawless appearance.
Such plastics make automobiles more energy efficient by lessening weight, along with offering durability, resiliency, design flexibility, toughness, and high performance at a low cost. However, the implementation of strict government regulations towards the reduction of vehicular emissions has resulted in the shift to lightweight Plastics from metal.
Manufacturers in the market are taking various initiatives to strengthen their position in the market during the forecast period. For instance, in 2021, Covestro AG rolled out a new product, recycled Polyethylene Terephthalate (rPET). The recycled PET has been optimized for 3D pellet printing.
This technology is also called fused granulate fabrication (FGF). It allows for speedy and economically viable additive manufacturing of large-size parts. This has a significant application in the automotive sector in the manufacturing of small interior parts.
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Talk to AnalystGlobal Automotive Plastics Market Revenue Analysis 2017 to 2021 Vs Future Outlook 2022 to 2032
The global automotive plastics market is expected to have expanded at a CAGR of 4.5% during the forecast period of 2017 to 2021. The growth of the market during the given time period can be accredited to the growing demand for modern plastics and polymer composites in automobiles to enhance passenger safety and the growing demand for lightweight plastics to make vehicles more fuel efficient.
Also, rising business deals among players are projected to be another factor that is likely to propel growth during the aforementioned forecast period. For instance, in 2021, DuPont announced the acquisition of Laird Performance Materials (China) for US$ 2.3 Billion, which will be paid from the existing cash balance. The transaction is projected to be concluded in the third quarter of 2021, which is subject to regulatory approvals and other customary closing conditions. Such factors are expected to have made significant participation in developing the market during the provided forecast period.
From 2022 to 2032, the global automotive plastics market is anticipated to exhibit a CAGR of 4.7%. Plastics are used in car chassis due to their ability to offer lightweight, low-cost, and higher stiffness. The high strength and lightweight nature of plastics boost the efficiency of the chassis. Better fuel efficiency, lessened transmission noise, the safety of vehicles, and mass offered by chassis are expected to motivate manufacturers to replace conventional metals, which is likely to bode well for the market in the forecast period. Additionally, growing acquisitions among players is another significant factor fuelling the market growth in the assessment period.
For instance, in June 2021, HDT Automotive Solutions LLC announced the acquisition of Veritas AG. The initiative would widen HDT’s inventive material science and connection expertise in plastics, metal fluids, and rubber connective devices for several automotive applications. Accredited by such factors, the market for automotive plastics is likely to expand notably in the forecast period of 2022 to 2032.
What are the Factors Propelling the Global Automotive Plastics Market?
Growing Adoption of Lightweight Materials Owing to the Implementation of Stringent Emission and Fuel Economy Regulations
Governments across the globe are focusing to curb emissions and introduce fuel economy regulations for vehicles. Implementations of such regulations have forced automotive OEMs to boost the application of lightweight materials like plastics. Advanced plastics aid in ensuring the fuel economy of a vehicle while assuring safety and performance.
For instance, the USA is regulated by the National Highway Traffic Safety Administration (NHTSA) and EPA. As per the regulations, the rule establishes standards that would demand an industry-wide fleet average of approximately 49 mpg for passenger cars and light trucks in the model year 2026, by increasing fuel efficiency by 8% annually for model years 2024 and 2025 and 10% annually for the model year 2026.
The usage of plastics reduces the consumption of fuel in a vehicle since less weight extracts lesser energy at the time of acceleration. Carbon emissions in passenger cars can be lessened by deploying GHG reduction technologies like adjustment in valve timing, and the introduction of hybrid, and fuel cell systems in automobiles. These technologies demand developments in engine design and power systems that demand a high degree of complexity. Thus, advanced plastic materials are being used for the significant reduction of carbon emissions, which is likely to bode well for the industry in the coming period.
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What are the Factors Hampering the Automotive Plastics Market?
Safety Issues Regarding Plastics Consumption to Hamper the Automotive Plastics Market
Consumer safety is the most important focus for automakers, as a result, safety systems are designed to be mapped out to be reliable, predictable, and have zero variation in the performance of the vehicle. Plastics are lighter than other materials, however, they are also posing challenges with respect to safety. Moreover, a ban on the application of plastic is projected to limit the industry for automotive polymers as they create disposable issues that harm the environment. Such factors are expected to hinder the market in the forecast period.
What are the Prevailing Key Trends in the Automotive Plastics Market?
The advent of 3D Printing to Benefit the Market
Manufacturers in the automotive industry have commenced producing 3D printed cars, as the production of the cars with this technology will aid in cutting down on expenses in terms of texture and design.
Companies such as Daimler are deploying 3D-printed technology for producing interior trims and dashboards. Another manufacturer in Italy, XEV, began the production of LSEV with the help of this technology. It is the globe’s first mass-producible 3D-printed electric car. The player aimed to design a small electric vehicle that can secure C2M (Customer-to-Manufacturer) manufacturing, which is one of the major objectives of the Industry 4.0 strategy.
Segmentation Analysis
Why is the Propylene Segment Gaining Maximum Traction in the Global Automotive Plastics Market?
Increasing Demand for the Product in End-Use Sectors to Strengthen the Segment
According to the analysis, the propylene segment is anticipated to have claimed about 30% of the revenue in 2021. The expansion of the segment can be attributed to the growing product demand in end-use industries such as electrical and electronics, packaging, consumer products, construction, and automotive.
Propylene witnesses significant demand in rigid and flexible packaging due to its chemical and physical properties. It provides electrical resistance at very high temperatures. Further, it also offers lightweight as compared to other plastics making it apt for application in the automotive sector for lessening the overall weight of vehicles, which helps in reducing fuel consumption and carbon dioxide emissions.
What is the Contribution of Interior Furnishings in Strengthening the Global Automotive Plastics Market?
Increasing Demand for Automotive Plastics for Light Panels, Seat Covers, and Others
In 2022, automotive plastics for interior furnishings are projected to have secured about 39% of global revenue. The development of the segment can be attributed to the increasing demand for automotive plastics for the production of body and light panels, steering wheels, seat covers, headliners, rear package shelves, and fascia systems.
Regional Analysis
How is the Rising Demand for Electric Vehicles Developing the Automotive Plastics Market in North America?
The Government of the United States has aimed for a greenhouse gas emission target for 2050, which acts as the most significant driver for the market. The USA is anticipated to make the most significant contribution to developing the regional market during the forecast period.
The region comprises established players in the market that are focusing on the production of EVs. For instance, in July 2020, General Motors partnered with EVgo to boost the adoption of EVs in the USA In another instance, in 2021, Tesla announced to launch of the first production Tesla Model S Plaid. It is a four-door electric car with an estimated range of 390 miles. Such factors are expected to boost demand for automotive plastics in forthcoming years.
How are the Guidelines Imposed by European Union on Greenhouse Gas Emissions Benefitting the Automotive Plastics Market in Europe?
The regulations imposed by the European Union on greenhouse gas emissions on automakers have compelled the manufacturers to use polymers. On July 14, the European Union introduced a new rule, Fit for 55, which aims to cut its GHG emissions by 55% by 2030 and net zero by 2050.
Germany is anticipated to dominate the European automotive market with more than 40 assembly and engine production plants that contribute to one-third of the total automobile production in Europe. Germany has become the largest market for plug-in automobiles in the European region and is the strongest growth contributor to the European market. Further, the growing demand for electric vehicles in the country is likely to benefit the industry enormously during the forecast period.
How are the Expanding Manufacturing Base and Rising Investment in Advanced Technologies Influencing the Asia Pacific Automotive Plastics Market?
The Asia Pacific market is anticipated to be the fastest-growing market during the forecast period. The expansion of the regional market can be attributed to the growing manufacturing base and increasing investments in advanced technologies for the production of vehicles. Developing countries such as India, China, and Japan, are projected to make a significant contribution to developing the market. China is likely to claim about 69% of the global revenue in 2022.
For instance, in 2021, the Indian Oil Corporation (IOC) and two other public sector oil companies declared plans to construct 22,000 charging stations for EVs over the next three to five years. Such factors are likely to contribute to the market growth of the region in the forecast period.
How are Startups Strengthening the Automotive Plastics Market?
Tekion (US), WM Motors (China), Ather Energy (India), Tork (India), Rivian (US), Nio (China), Nikola Motors (USA), Zenobe Energy (UK), and Arrival (UK) are some of the emerging names in the global automotive plastics market.
Recent Key Updates Include:
- In July 2021, Rivian concluded a US$ 2.5 Billion funding round, led by investors Amazon, Ford, and T. Rowe Price. It raised US$ 1.3 Billion in December 2019 and at least US$ 1.5 Billion before this.
Competition Analysis
Key players in the global automotive plastics market include LyondellBasell Industries Holdings B.V, Evonik Industries, BASF SE, Arkema Group, DuPont de Nemours, Inc., The Dow Chemical Company, Hexion Inc., Momentive Performance Materials, Hanwha Group, Saudi Basic Industries Corporation (SABIC), Formosa Plastics, Sumitomo Chemical Co., Ltd., Mitsui Chemicals, Inc., Zoltek, Covestro AG, and Eastman Chemical Company.
Recent Updates from the Industry Include:
- In May 2020, BASF rolled out the new styling polymer Luviset 360 which provides a flawless styling performance in six dimensions. The product is flexible, has a long-lasting hold, is strong, and has low flaking. It allows for new textures and supports anti-pollution claims.
- In June 2021, LyondellBasell and Neste inked a long-term agreement under which LyondeBAsell will source Neste RE, a feedstock from Neste that is being manufactured from 100% renewable feedstock derived from bio-based sources like residual oils and fats and waste. The feedstock will be processed through the cracker at LyondellBasell’s Wesselling, Germany, plant into polymers and sold under the brand name of CicrulenRenew.
Report Scope
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Report Attribute |
Details |
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Growth Rate |
4.7% CAGR from 2022 to 2032 |
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Market Value for 2022 |
US$ 28.5 Billion |
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Market Value for 2032 |
US$ 45 Billion |
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Base Year for Estimation |
2021 |
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Historical Data |
2017 to 2021 |
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Forecast Period |
2022 to 2032 |
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Quantitative Units |
US$ Million for Value |
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Report Coverage |
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
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Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Report Customization & Pricing |
Available upon Request |
Key Segments Profiled in the Global Automotive Plastics Market
By Material Type:
- Polypropylene (PP)
- Polyurethane (PUR)
- Acrylonitrile Butadiene Styrene (ABS)
- Polyvinyl Chloride (PVC)
- Polyethylene (PE)
- Polystyrene (PS)
- Polycarbonate (PC)
- Polyamide (PA)
- Acrylic (PMMA etc.)
- Plastics Composites
- Others
By Application:
- Interior Components
- Exterior Components & Frame
By End Use:
- Conventional Vehicles
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Electric Vehicles
- Pure Electric
- Hybrid Electric
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East & Africa (MEA)
Frequently Asked Questions
What is the Expected Market Value of the automotive plastics market in 2022?
The global automotive plastics market is anticipated to hold a market value worth US$ 28.5 Billion by 2022.
What is the Projected Market Value of the Global Automotive Plastics Market by 2032?
The automotive plastics market is anticipated to secure US$ 45 Billion by 2032.
At What CAGR is the Global Automotive Plastics Market Expected to Expand?
The global automotive plastics market is anticipated to display a CAGR of 4.7% by 2032.
What is the projected y-o-y growth of the USA in the global automotive plastics market?
The USA market for automotive plastics market is likely to display a Y-o-Y growth of 5.6%.
What is the Contribution of China in Strengthening the Global Automotive Plastics Market?
China is expected to have secured 69% of the APAC automotive plastics market share in 2021.
Table of Content
1. Executive Summary | Automotive Plastics Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Key Market Trends 3.1. Key Trends Impacting the Market 3.2. Product Innovation / Development Trends 4. Key Success Factors 4.1. Product Adoption / Usage Analysis 4.2. Product USPs / Features 4.3. Strategic Promotional Strategies 5. Global Market Demand Analysis 2017 to 2021 and Forecast, 2022 to 2032 5.1. Historical Market Volume (Kilo Tons) Analysis, 2017 to 2021 5.2. Current and Future Market Volume (Kilo Tons) Projections, 2022 to 2032 5.3. Y-o-Y Growth Trend Analysis 6. Global Market - Pricing Analysis 6.1. Regional Pricing Analysis by Material Type 6.2. Pricing Break-up 6.2.1. Manufacturer-Level Pricing 6.2.2. Distributor Level Pricing 6.3. Global Average Pricing Analysis Benchmark 7. Global Market Demand (in Value or Size in US$ Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2021 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Market Background 8.1. Macro-Economic Factors 8.2. Forecast Factors - Relevance & Impact 8.3. Value Chain 8.3.1. List of Market Participants 8.3.2. Average Margins 8.4. Global Supply vs Demand Scenario 8.5. Impact of COVID–19 Crisis 8.5.1. Introduction 8.5.2. World Economy / Cluster Projections 8.5.3. Potential of Impact by Taxonomy 8.5.4. Impact on Market Size 8.5.5. Recovery Scenarios 8.6. Market Dynamics 8.6.1. Drivers 8.6.2. Restraints 8.6.3. Opportunity Analysis 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Material Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis by Material Type, 2017 to 2021 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast by Material Type, 2022 to 2032 9.3.1. Polypropylene (PP) 9.3.2. Polyurethane (PUR) 9.3.3. Acrylonitrile Butadiene Styrene (ABS) 9.3.4. Polyvinyl Chloride (PVC) 9.3.5. Polyethylene (PE) 9.3.6. Polystyrene (PS) 9.3.7. Polycarbonate (PC) 9.3.8. Polyamide (PA) 9.3.9. Acrylic (PMMA etc.) 9.3.10. Plastic Composites 9.3.11. Others 9.4. Market Attractiveness Analysis By Material Type 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By Application, 2017 to 2021 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast by Application, 2022 to 2032 10.3.1. Interior Components 10.3.2. Exterior Components & Frame 10.4. Market Attractiveness Analysis By Application 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 11.1. Introduction / Key Findings 11.2. Historical Market Size (US$ Million) and Volume Analysis By End Use, 2017 to 2021 11.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End Use, 2022 to 2032 11.3.1. Conventional Vehicles 11.3.1.1. Passenger Cars 11.3.1.2. Light Commercial Vehicles 11.3.1.3. Heavy Commercial Vehicles 11.3.2. Electric Vehicles 11.3.2.1. Pure Electric 11.3.2.2. Hybrid Electric 11.4. Market Attractiveness Analysis By End Use 12. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region 12.1. Introduction 12.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2017 to 2021 12.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2032 12.3.1. North America 12.3.2. Latin America 12.3.3. Europe 12.3.4. South Asia and Pacific 12.3.5. East Asia 12.3.6. Middle East & Africa (MEA) 12.4. Market Attractiveness Analysis By Region 13. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 13.4.1. By Country 13.4.1.1. The USA 13.4.1.2. Canada 13.4.2. By Material Type 13.4.3. By Application 13.4.4. By End Use 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Material Type 13.5.3. By Application 13.5.4. By End Use 13.6. Market Trends 13.7. Drivers and Restraints - Impact Analysis 14. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 14.4.1. By Country 14.4.1.1. Brazil 14.4.1.2. Mexico 14.4.1.3. Rest of Latin America 14.4.2. By Material Type 14.4.3. By Application 14.4.4. By End Use 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Material Type 14.5.3. By Application 14.5.4. By End Use 14.6. Market Trends 14.7. Drivers and Restraints - Impact Analysis 15. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 15.4.1. By Country 15.4.1.1. Germany 15.4.1.2. Italy 15.4.1.3. France 15.4.1.4. The UK 15.4.1.5. Spain 15.4.1.6. BENELUX 15.4.1.7. Russia 15.4.1.8. Rest of Europe 15.4.2. By Material Type 15.4.3. By Application 15.4.4. By End Use 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Material Type 15.5.3. By Application 15.5.4. By End Use 15.6. Market Trends 15.7. Drivers and Restraints - Impact Analysis 16. South Asia and Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 16.4.1. By Country 16.4.1.1. India 16.4.1.2. Association of Southeast Asian Nations 16.4.1.3. Australia and New Zealand 16.4.1.4. Rest of South Asia and Pacific 16.4.2. By Material Type 16.4.3. By Application 16.4.4. By End Use 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Material Type 16.5.3. By Application 16.5.4. By End Use 16.6. Market Trends 16.7. Drivers and Restraints - Impact Analysis 17. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 17.4.1. By Country 17.4.1.1. China 17.4.1.2. Japan 17.4.1.3. South Korea 17.4.2. By Material Type 17.4.3. By Application 17.4.4. By End Use 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Material Type 17.5.3. By Application 17.5.4. By End Use 17.6. Market Trends 17.7. Drivers and Restraints - Impact Analysis 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2017 to 2021 18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2022 to 2032 18.4.1. By Country 18.4.1.1. GCC Countries 18.4.1.2. Turkey 18.4.1.3. Northern Africa 18.4.1.4. South Africa 18.4.1.5. Rest of Middle East and Africa 18.4.2. By Material Type 18.4.3. By Application 18.4.4. By End Use 18.5. Market Attractiveness Analysis 18.5.1. By Country 18.5.2. By Material Type 18.5.3. By Application 18.5.4. By End Use 18.6. Market Trends 18.7. Drivers and Restraints - Impact Analysis 19. Key and Emerging Countries for Market Analysis 19.1. USA Market Analysis 19.1.1. By Material Type 19.1.2. By Application 19.1.3. By End Use 19.2. Canada Market Analysis 19.2.1. By Material Type 19.2.2. By Application 19.2.3. By End Use 19.3. Mexico Market Analysis 19.3.1. By Material Type 19.3.2. By Application 19.3.3. By End Use 19.4. Brazil Market Analysis 19.4.1. By Material Type 19.4.2. By Application 19.4.3. By End Use 19.5. Germany Market Analysis 19.5.1. By Material Type 19.5.2. By Application 19.5.3. By End Use 19.6. Italy Market Analysis 19.6.1. By Material Type 19.6.2. By Application 19.6.3. By End Use 19.7. France Market Analysis 19.7.1. By Material Type 19.7.2. By Application 19.7.3. By End Use 19.8. The UK Market Analysis 19.8.1. By Material Type 19.8.2. By Application 19.8.3. By End Use 19.9. Spain Market Analysis 19.9.1. By Material Type 19.9.2. By Application 19.9.3. By End Use 19.10. BENELUX Market Analysis 19.10.1. By Material Type 19.10.2. By Application 19.10.3. By End Use 19.11. Russia Market Analysis 19.11.1. By Material Type 19.11.2. By Application 19.11.3. By End Use 19.12. China Market Analysis 19.12.1. By Material Type 19.12.2. By Application 19.12.3. By End Use 19.13. Japan Market Analysis 19.13.1. By Material Type 19.13.2. By Application 19.13.3. By End Use 19.14. South Korea Market Analysis 19.14.1. By Material Type 19.14.2. By Application 19.14.3. By End Use 19.15. India Market Analysis 19.15.1. By Material Type 19.15.2. By Application 19.15.3. By End Use 19.16. ASEAN Market Analysis 19.16.1. By Material Type 19.16.2. By Application 19.16.3. By End Use 19.17. Australia and New Zealand Market Analysis 19.17.1. By Material Type 19.17.2. By Application 19.17.3. By End Use 19.18. GCC Countries Market Analysis 19.18.1. By Material Type 19.18.2. By Application 19.18.3. By End Use 19.19. Turkey Market Analysis 19.19.1. By Material Type 19.19.2. By Application 19.19.3. By End Use 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies (Market) 20.2. Market Concentration 20.3. Market Share Analysis of Top Players 20.4. Market Presence Analysis 21. Competition Analysis 21.1. Competition Dashboard 21.2. Competition Benchmarking 21.3. Competition Deep Dive 21.3.1. LyondellBasell Industries Holdings B.V 21.3.1.1. Overview 21.3.1.2. Product Portfolio 21.3.1.3. Key Financials 21.3.1.4. Recent Developments 21.3.1.5. Strategy Overview 21.3.2. Evonik Industries 21.3.2.1. Overview 21.3.2.2. Product Portfolio 21.3.2.3. Key Financials 21.3.2.4. Recent Developments 21.3.2.5. Strategy Overview 21.3.3. BASF SE 21.3.3.1. Overview 21.3.3.2. Product Portfolio 21.3.3.3. Key Financials 21.3.3.4. Recent Developments 21.3.3.5. Strategy Overview 21.3.4. Arkema Group 21.3.4.1. Overview 21.3.4.2. Product Portfolio 21.3.4.3. Key Financials 21.3.4.4. Recent Developments 21.3.4.5. Strategy Overview 21.3.5. DuPont de Nemours, Inc. 21.3.5.1. Overview 21.3.5.2. Product Portfolio 21.3.5.3. Key Financials 21.3.5.4. Recent Developments 21.3.5.5. Strategy Overview 21.3.6. The Dow Chemical Company 21.3.6.1. Overview 21.3.6.2. Product Portfolio 21.3.6.3. Key Financials 21.3.6.4. Recent Developments 21.3.6.5. Strategy Overview 21.3.7. Hexion Inc. 21.3.7.1. Overview 21.3.7.2. Product Portfolio 21.3.7.3. Key Financials 21.3.7.4. Recent Developments 21.3.7.5. Strategy Overview 21.3.8. Momentive Performance Materials 21.3.8.1. Overview 21.3.8.2. Product Portfolio 21.3.8.3. Key Financials 21.3.8.4. Recent Developments 21.3.8.5. Strategy Overview 21.3.9. Hanwha Group 21.3.9.1. Overview 21.3.9.2. Product Portfolio 21.3.9.3. Key Financials 21.3.9.4. Recent Developments 21.3.9.5. Strategy Overview 21.3.10. Saudi Basic Industries Corporation (SABIC) 21.3.10.1. Overview 21.3.10.2. Product Portfolio 21.3.10.3. Key Financials 21.3.10.4. Recent Developments 21.3.10.5. Strategy Overview 21.3.11. Formosa Plastics 21.3.11.1. Overview 21.3.11.2. Product Portfolio 21.3.11.3. Key Financials 21.3.11.4. Recent Developments 21.3.11.5. Strategy Overview 21.3.12. Sumitomo Chemical Co., Ltd. 21.3.12.1. Overview 21.3.12.2. Product Portfolio 21.3.12.3. Key Financials 21.3.12.4. Recent Developments 21.3.12.5. Strategy Overview 21.3.13. Mitsui Chemicals, Inc. 21.3.13.1. Overview 21.3.13.2. Product Portfolio 21.3.13.3. Key Financials 21.3.13.4. Recent Developments 21.3.13.5. Strategy Overview 21.3.14. Zoltek 21.3.14.1. Overview 21.3.14.2. Product Portfolio 21.3.14.3. Key Financials 21.3.14.4. Recent Developments 21.3.14.5. Strategy Overview 21.3.15. Covestro AG 21.3.15.1. Overview 21.3.15.2. Product Portfolio 21.3.15.3. Key Financials 21.3.15.4. Recent Developments 21.3.15.5. Strategy Overview 21.3.16. Eastman Chemical Company 21.3.16.1. Overview 21.3.16.2. Product Portfolio 21.3.16.3. Key Financials 21.3.16.4. Recent Developments 21.3.16.5. Strategy Overview 22. Assumptions and Acronyms Used 23. Research Methodology
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List of Tables
Table 01: Global Market Size Volume (Kilo Tons) Forecast by Material Type, 2017 to 2032 Table 02: Global Market Size Value (US$ Million) Forecast by Material Type, 2017 to 2032 Table 03: Global Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032 Table 04: Global Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by End Use, 2017 to 2032 Table 05: Global Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Region, 2017 to 2032 Table 06: North America Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Country, 2017 to 2032 Table 07: North America Market Size Volume (Kilo Tons) Forecast by Material Type, 2017 to 2032 Table 08: North America Market Size Value (US$ Million) Forecast by Material Type, 2017 to 2032 Table 09: North America Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032 Table 10: North America Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by End Use, 2017 to 2032 Table 11: Latin America Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Country, 2017 to 2032 Table 12: Latin America Market Size Volume (Kilo Tons) Forecast by Material Type, 2017 to 2032 Table 13: Latin America Market Size Value (US$ Million) Forecast by Material Type, 2017 to 2032 Table 14: Latin America Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032 Table 15: Latin America Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by End Use, 2017 to 2032 Table 16: Europe Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Country, 2017 to 2032 Table 17: Europe Market Size Volume (Kilo Tons) Forecast by Material Type, 2017 to 2032 Table 18: Europe Market Size Value (US$ Million) Forecast by Material Type, 2017 to 2032 Table 19: Europe Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032 Table 20: Europe Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by End Use, 2017 to 2032 Table 21: South Asia & Pacific Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Country, 2017 to 2032 Table 22: South Asia & Pacific Market Size Volume (Kilo Tons) Forecast by Material Type, 2017 to 2032 Table 23: South Asia & Pacific Market Size Value (US$ Million) Forecast by Material Type, 2017 to 2032 Table 24: South Asia & Pacific Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032 Table 25: South Asia & Pacific Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by End Use, 2017 to 2032 Table 26: East Asia Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Country, 2017 to 2032 Table 27: East Asia Market Size Volume (Kilo Tons) Forecast by Material Type, 2017 to 2032 Table 28: East Asia Market Size Value (US$ Million) Forecast by Material Type, 2017 to 2032 Table 29: East Asia Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032 Table 30: East Asia Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by End Use, 2017 to 2032 Table 31: MEA Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Country, 2017 to 2032 Table 32: MEA Market Size Volume (Kilo Tons) Forecast by Material Type, 2017 to 2032 Table 33: MEA Market Size Value (US$ Million) Forecast by Material Type, 2017 to 2032 Table 34: MEA Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by Application, 2017 to 2032 Table 35: MEA Market Size Volume (Kilo Tons) and Value (US$ Million) Forecast by End Use, 2017 to 2032
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Figure 01: Global Market Historical, Current and Forecast Volume (Kilo Tons), 2022 to 2032 Figure 02: Global Market Historical, Current and Forecast Value (US$ Million), 2022 to 2032 Figure 03: Global Market Incremental $ Opportunity (US$ Million), 2022 to 2032 Figure 04: Global Market Share and BPS Analysis by Material Type 2022 to 2032 Figure 05: Global Market Y-o-Y Growth Projections by Material Type, 2022 to 2032 Figure 06: Global Market Attractiveness Analysis by Material Type, 2022 to 2032 Figure 07: Global Market Absolute $ Opportunity by Polypropylene Segment, 2017 to 2032 Figure 08: Global Market Absolute $ Opportunity by Polyurethane Segment, 2017 to 2032 Figure 09: Global Market Absolute $ Opportunity by ABS Segment, 2017 to 2032 Figure 10: Global Market Absolute $ Opportunity by PVC Segment, 2017 to 2032 Figure 11: Global Market Absolute $ Opportunity by Polyethylene Segment, 2017 to 2032 Figure 12: Global Market Absolute $ Opportunity by Polystyrene Segment, 2017 to 2032 Figure 13: Global Market Absolute $ Opportunity by Polycarbonate Segment, 2017 to 2032 Figure 14: Global Market Absolute $ Opportunity by Polyamide Segment, 2017 to 2032 Figure 15: Global Market Absolute $ Opportunity by Acrylic Segment, 2017 to 2032 Figure 16: Global Market Absolute $ Opportunity by Plastic Composites Segment, 2017 to 2032 Figure 17: Global Automotive Plastic Market Absolute $ Opportunity by Others Segment, 2017 to 2032 Figure 18: Global Market Share and BPS Analysis by Application 2022 to 2032 Figure 19: Global Market Y-o-Y Growth Projections by Application, 2022 to 2032 Figure 20: Global Market Attractiveness Analysis by Application, 2022 to 2032 Figure 21: Global Market Absolute $ Opportunity by Interior Components Segment, 2017 to 2032 Figure 22: Global Market Absolute $ Opportunity by Exterior Components & Frame Segment, 2017 to 2032 Figure 23: Global Market Share and BPS Analysis by End Use 2022 to 2032 Figure 24: Global Market Y-o-Y Growth Projections by End Use, 2022 to 2032 Figure 25: Global Market Attractiveness Analysis by End Use, 2022 to 2032 Figure 26: Global Market Absolute $ Opportunity by Conventional Vehicles Segment, 2017 to 2032 Figure 27: Global Market Absolute $ Opportunity by Electric Vehicles Segment, 2017 to 2032 Figure 28: Global Market Share and BPS Analysis by Region 2022 to 2032 Figure 29: Global Market Y-o-Y Growth Projections by Region, 2022 to 2032 Figure 30: Global Market Attractiveness Analysis by Region, 2022 to 2032 Figure 31: Global Market Absolute $ Opportunity by North America Region, 2017 to 2032 Figure 32: Global Market Absolute $ Opportunity by Latin America Region, 2017 to 2032 Figure 33: Global Market Absolute $ Opportunity by Europe Region, 2017 to 2032 Figure 34: Global Market Absolute $ Opportunity by South Asia & Pacific Region, 2017 to 2032 Figure 35: Global Market Absolute $ Opportunity by East Asia Region, 2017 to 2032 Figure 36: Global Market Absolute $ Opportunity by MEA Region, 2017 to 2032 Figure 37: North America Market Share and BPS Analysis by Country 2022 to 2032 Figure 38: North America Market Y-o-Y Growth Projections by Country, 2022 to 2032 Figure 39: North America Market Attractiveness Analysis by Country, 2022 to 2032 Figure 40: North America Market Share and BPS Analysis by Material Type 2022 to 2032 Figure 41: North America Market Y-o-Y Growth Projections by Material Type, 2022 to 2032 Figure 42: North America Market Attractiveness Analysis by Material Type, 2022 to 2032 Figure 43: North America Market Share and BPS Analysis by Application 2022 to 2032 Figure 44: North America Market Y-o-Y Growth Projections by Application, 2022 to 2032 Figure 45: North America Market Attractiveness Analysis by Application, 2022 to 2032 Figure 46: North America Market Share and BPS Analysis by End Use 2022 to 2032 Figure 47: North America Market Y-o-Y Growth Projections by End Use, 2022 to 2032 Figure 48: North America Market Attractiveness Analysis by End Use, 2022 to 2032 Figure 49: Latin America Market Share and BPS Analysis by Country 2022 to 2032 Figure 50: Latin America Market Y-o-Y Growth Projections by Country, 2022 to 2032 Figure 51: Latin America Market Attractiveness Analysis by Country, 2022 to 2032 Figure 52: Latin America Market Share and BPS Analysis by Material Type 2022 to 2032 Figure 53: Latin America Market Y-o-Y Growth Projections by Material Type, 2022 to 2032 Figure 54: Latin America Market Attractiveness Analysis by Material Type, 2022 to 2032 Figure 55: Latin America Market Share and BPS Analysis by Application 2022 to 2032 Figure 56: Latin America Market Y-o-Y Growth Projections by Application, 2022 to 2032 Figure 57: Latin America Market Attractiveness Analysis by Application, 2022 to 2032 Figure 58: Latin America Market Share and BPS Analysis by End Use 2022 to 2032 Figure 59: Latin America Market Y-o-Y Growth Projections by End Use, 2022 to 2032 Figure 60: Latin America Market Attractiveness Analysis by End Use, 2022 to 2032 Figure 61: Europe Market Share and BPS Analysis by Country 2022 to 2032 Figure 62: Europe Market Y-o-Y Growth Projections by Country, 2022 to 2032 Figure 63: Europe Market Attractiveness Analysis by Country, 2022 to 2032 Figure 64: Europe Market Share and BPS Analysis by Material Type 2022 to 2032 Figure 65: Europe Market Y-o-Y Growth Projections by Material Type, 2022 to 2032 Figure 66: Europe Market Attractiveness Analysis by Material Type, 2022 to 2032 Figure 67: Europe Market Share and BPS Analysis by Application 2022 to 2032 Figure 68: Europe Market Y-o-Y Growth Projections by Application, 2022 to 2032 Figure 69: Europe Market Attractiveness Analysis by Application, 2022 to 2032 Figure 70: Europe Market Share and BPS Analysis by End Use 2022 to 2032 Figure 71: Europe Market Y-o-Y Growth Projections by End Use, 2022 to 2032 Figure 72: Europe Market Attractiveness Analysis by End Use, 2022 to 2032 Figure 73: South Asia & Pacific Market Share and BPS Analysis by Country 2022 to 2032 Figure 74: South Asia & Pacific Market Y-o-Y Growth Projections by Country, 2022 to 2032 Figure 75: South Asia & Pacific Market Attractiveness Analysis by Country, 2022 to 2032 Figure 76: South Asia & Pacific Market Share and BPS Analysis by Material Type 2022 to 2032 Figure 77: South Asia & Pacific Market Y-o-Y Growth Projections by Material Type, 2022 to 2032 Figure 78: South Asia & Pacific Market Attractiveness Analysis by Material Type, 2022 to 2032 Figure 79: South Asia & Pacific Market Share and BPS Analysis by Application 2022 to 2032 Figure 80: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2022 to 2032 Figure 81: South Asia & Pacific Market Attractiveness Analysis by Application, 2022 to 2032 Figure 82: South Asia & Pacific Market Share and BPS Analysis by End Use 2022 to 2032 Figure 83: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2022 to 2032 Figure 84: South Asia & Pacific Market Attractiveness Analysis by End Use, 2022 to 2032 Figure 85: East Asia Market Share and BPS Analysis by Country 2022 to 2032 Figure 86: East Asia Market Y-o-Y Growth Projections by Country, 2022 to 2032 Figure 87: East Asia Market Attractiveness Analysis by Country, 2022 to 2032 Figure 88: East Asia Market Share and BPS Analysis by Material Type 2022 to 2032 Figure 89: East Asia Market Y-o-Y Growth Projections by Material Type, 2022 to 2032 Figure 90: East Asia Market Attractiveness Analysis by Material Type, 2022 to 2032 Figure 91: East Asia Market Share and BPS Analysis by Application 2022 to 2032 Figure 92: East Asia Market Y-o-Y Growth Projections by Application, 2022 to 2032 Figure 93: East Asia Market Attractiveness Analysis by Application, 2022 to 2032 Figure 94: East Asia Market Share and BPS Analysis by End Use 2022 to 2032 Figure 95: East Asia Market Y-o-Y Growth Projections by End Use, 2022 to 2032 Figure 96: East Asia Market Attractiveness Analysis by End Use, 2022 to 2032 Figure 97: MEA Market Share and BPS Analysis by Country 2022 to 2032 Figure 98: MEA Market Y-o-Y Growth Projections by Country, 2022 to 2032 Figure 99: MEA Market Attractiveness Analysis by Country, 2022 to 2032 Figure 100: MEA Market Share and BPS Analysis by Material Type 2022 to 2032 Figure 101: MEA Market Y-o-Y Growth Projections by Material Type, 2022 to 2032 Figure 102: MEA Market Attractiveness Analysis by Material Type, 2022 to 2032 Figure 103: MEA Market Share and BPS Analysis by Application 2022 to 2032 Figure 104: MEA Market Y-o-Y Growth Projections by Application, 2022 to 2032 Figure 105: MEA Market Attractiveness Analysis by Application, 2022 to 2032 Figure 105: MEA Market Share and BPS Analysis by End Use 2022 to 2032 Figure 106: MEA Market Y-o-Y Growth Projections by End Use, 2022 to 2032 Figure 107: MEA Market Attractiveness Analysis by End Use, 2022 to 2032
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