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    Automotive Plastics Market for Passenger Cars | Market Size, Share & Forecast Analysis for Passenger Cars | Covid-19 Impact Analysis

    Automotive Plastics Market for Passenger Cars | Market Size, Share & Forecast Analysis for Passenger Cars | Covid-19 Impact Analysis

    Automotive Plastics Market for Passenger Cars | Market Size, Share & Forecast Analysis for Passenger Cars | Covid-19 Impact Analysis
    Report code - SRTI168 Delivery - 2 Weeks
    Automotive Plastics Market for Passenger Cars Size, Share, Trend, Forecast, & Industry See more...
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    Impact of COVID-19 on Automotive Plastics Market For Passenger Cars

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Automotive Plastics Market For Passenger Cars

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Automotive Plastics Market for Passenger Cars Insights

    Automotive plastics market for passenger cars is likely to witness a healthy CAGR of 10.5% during the forecast period. The growing demand for automotive plastics is majorly because of their lightweight property that significantly helps in weight reduction of vehicles and enables to achieve better fuel efficiency. This is a major key driver underpinning the growth of the market during the forecast period.

    Automotive Plastics Market for Passenger Cars - Snapshot

    Growth

    10.5% for the next five years

    Major Product Type

    Polypropylene

    Dominant Application Type

    Interior

    Region with the highest demand

    Asia-Pacific

    Key Players

    Magna International Inc., Lear Corporation, Adient PLC, BASF SE,

    and Compagnie Plastic Omnium.

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    Market Share Analysis

    Automotive Plastics Market for Passenger Cars Share: By Product Type

    Based on the product type, the market is segmented as polypropylene, polyurethane, polyvinyl chloride, ABS, polyamide, HDPE, polycarbonate, PBT, and others. The polypropylene segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period, owing to its excellent mechanical properties such as design flexibility, lightweight, and its low cost. On the other hand, the polyamide segment is expected to grow at the fastest rate in the next five years.

    Automotive Plastics Market for Passenger Cars Share: By Application Type

    Based on the application type, the automotive plastics market for passenger cars is segmented as interior, exterior, and under bonnet. The interior segment is estimated to be the largest segment of the market, owing to its ability to possess scratch resistance and offer aesthetics and good surface finish. Its use in various interior components, such as door panels & consoles, interior lighting, and instrument panels is driving the growth of the segment during the forecast period.

    Automotive Plastics Market for Passenger Cars Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest growing automotive plastics market for passenger cars during the forecast period, with China, Thailand, and India being the major countries as the growth engines. The market is driven by the increasing per-capita income of individuals in the region, leading to rise in demand for passenger cars, which in turn, is driving the automotive plastics market for passenger cars in the Asia-Pacific region.

    Some of the major automotive plastic manufacturers are-

    • Magna International Inc.
    • Lear Corporation
    • Adient PLC
    • BASF SE
    • Compagnie Plastic Omnium

     

    Market Scope & Segmentation

    Automotive plastics are a group of materials used in the automobile industry which possess abrasion resistance, rigidity, mechanical strength, heat resistance, etc. In passenger cars, they are widely used because of their strength-to-weight ratio.  They also provide the adequate strength at very less weight, which ultimately helps to gain better fuel efficiency.

    Automotive plastics are of different types such as Polypropylene, Polyurethane, Polyvinyl chloride, ABS, Polyamide, HDPE, Polycarbonate, PBT, and others. They are majorly used in applications such as interior, exterior, and under bonnet.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Automotive Plastics Market for Passenger Cars Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

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    The automotive plastics market for passenger cars is segmented into the following categories. 

    Automotive Plastics Market for Passenger Cars Size, Share, & Forecast, by Product Type:

    • Polypropylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyvinyl Chloride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • ABS (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyamide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • HDPE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polycarbonate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • PBT (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Plastics Market for Passenger Cars Size, Share, & Forecast, by Application Type:

    • Interior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Exterior (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Under Bonnet (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Automotive Plastics Market for Passenger Cars Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Automotive Plastics Market for passenger cars in foreseeable future?

    Automotive plastics market for passenger cars is expected to witness a healthy CAGR of 10.5% in the foreseeable future.

    Which type of product is expected to remain dominant?

    The polypropylene segment is expected to remain dominant product type in the automotive plastics market for passenger cars.

    Who are the key players in the Automotive Plastics Market for Passenger Cars?

    Magna International Inc., Lear Corporation, Adient PLC, BASF SE, and Compagnie Plastic Omnium are among the key players in the automotive plastics market for passenger cars.

    Which country/region is expected to remain the largest Automotive Plastics Market for Passenger Cars?

    Asia-Pacific is expected to remain the largest market for automotive plastics market for passenger cars during the next five years.

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