Automotive Plastics Market to Reach US$ 38.76 Billion by 2029, with a CAGR of 7.9%

Automotive Plastics Market size was valued at US$ 21.1 Bn. in 2021 and the total Automotive Plastics revenue is expected to grow at 7.9 % through 2022 to 2029, reaching nearly US$ 38.76 Bn.

Automotive Plastics Market Overview

Automotive Plastics Market Research Reports provide qualitative and quantitative insights into key market development determinants, limitations, opportunities, and issues from a global Automotive Plastics market. The research is based on forecasts from major organizations as well as market statistics. Sales growth figures at several regional and national market levels, as well as a competitive climate for predicted periods and individual firm valuations, are all included in market research. The Automotive Plastics Market Report provides growth variables, current market share, various types, technologies, applications, and regional penetrations by 2029 during the forecast period.

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Market Scope

According to the forecast, the Automotive Plastics market is grown at a stable growth rate between 2022 and 2029. Import/export consumption, supply and demand, price, market share, market penetration, sales volume, revenue generated, and gross margins are covered in the Automotive Plastics market research report. In the Automotive Plastics market, the report looks at each industry manufacturing site, capacity, production, market price, sales revenue, and market share. Some of the countries engaged are the United States, Canada, Mexico, Germany, France, the United Kingdom (UK), Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, and Brazil.

Segmentation

By product type, the PP segment held the greatest market share in 2021. Polypropylene (PP) is another name for polypropene. Polypropylene is a thermoplastic polymer that can be easily molded into almost any shape. Polypropylene is widely utilized in passenger automobiles for a variety of purposes including interior, exterior, and underbody components.

By application, the interior application segment of the automotive plastics market for passenger automobiles will be driven by demand for comfort features. The interior application dominates the market because plastics are increasingly being utilized in these applications to offer impact resistance and dimensional stability.

by Product Type

• Polypropylene
• Polyurethanes
• Polyvinyl Chloride
• Acrylonitrile butadiene styrene
• High-density polyethylene
• Polycarbonates
• Polymethyl methacrylate
• Polyamide
• Polyethylene terephthalate

by Application

• Exterior
• Interior
• Under Bonnet

by End-Use

• Conventional Vehicles
• Electric Vehicles

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Key Players

• AkzoNobel N.V
• BASF SE
• Covestro
• Evonik Industries AG
• Johnson Controls
• Magna International
• Momentive Performance Materials Inc.
• SABIC
• The Dow Chemical Company
• Borealis AG
• Hanwha Azdel Inc.
• Grupo Antolin
• Lear Corp.
• Owens Corning
• Quadrant AG
• Royal DSM N.V
• Teijin Ltd
• Compagnie Plastic
• Zoltek Companies Inc.
• DSM Engineering Plastics B.V.
• EXXON Mobile
• Arkema
• Johnson Controls
• Bayer Material Science AG
• China National Offshore Oil Corporation
• Mitsubishi Chemical Holdings Corp.
• National Petrochemical Company
• Grupa Azoty S.A

Regional Analysis

Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the regions that make up the Automotive Plastics market. The market’s primary geographic condition, as well as segments and sub-segments, are examined in the Automotive Plastics Industry Research. In terms of market size, share, and volume, the report examines the current state of regional development. The Automotive Plastics market report includes a geographic condition of the market, and revenue as well as an in-depth look at the business network structure, opportunities, and news updates.

Key Questions answered in the Automotive Plastics Market Report are:

• What is Automotive Plastics Market?
• What is the forecast period of the Automotive Plastics Market?
• What is the competitive scenario of the Automotive Plastics market?
• Which region held the largest market share in the Automotive Plastics Market?
• What are the opportunities for the Automotive Plastics Market?
• What factors are affecting the Automotive Plastics market growth?
• Who are the key players of the Automotive Plastics market?
• Which company held the largest share in the Automotive Plastics market?
• What will be the CAGR of the Automotive Plastics market during the forecast period?
• What key trends are likely to emerge in the Automotive Plastics market in the coming years?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Automotive Plastics#
• Landscape- Leading key players and other prominent key players.

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