Learn about the global Automotive Plastics market through The Business Research Company, which provides information on automotive plastics market size, automotive plastics market drivers and restraints, automotive plastics market players, the COVID-19 impact on the automotive plastics market, and more.

The global automotive plastics market size is expected to grow from $33.37 billion in 2021 to $36.29 billion in 2022 at a compound annual growth rate (CAGR) of 8.77%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive plastic market is expected to reach $51.19 billion in 2026 at a CAGR of 8.98%.

Increasing demand for lightweight and electric vehicles is significantly contributing to the growth of the automotive plastics market.

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The automotive plastics market consists of sales of automotive plastic products by entities (organizations, sole traders, and partnerships) that refer to the plastic material that is used in making different vehicle parts. These plastic components mainly replace the various metal parts in automobiles as they provide similar properties such as stiffness, flame retardancy, and others.

Global Automotive Plastics Market Segments Include:

By Vehicle Type: Conventional/Traditional Vehicles, Electric Vehicles

By Product Type: Polypropylene (PP), Polyurethane (PU), Polyvinylchloride (PVC), Polyamide (PA), Acrylonitrile Butadiene Styrene (ABS), High Density Polyethylene (HDPE), Polycarbonate (PC), Polybutylene Terephthalate (PBT)

By Application: Interior, Exterior, Under Bonnet

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the automotive plastics market in 2021.

Technological advancements is a key trend gaining popularity in the automotive plastics market. Technological advancement is the discovery of knowledge that advances the understanding of technology.

TBRC’s automotive plastics market report covers:

Major Market Players: BASF SE, Borealis AG, Covestro AG, DuPont, Evonik Industries, SABIC, Magna International, Inc., Akzo Nobel N.V, Arkema SA, Grupo Antolin-Irausa S.A, LyondellBasell Industries Holdings BV, Momentive Performance Materials Inc, Teijin Limited, The Dow Chemical Company, and Zoltek Companies Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Automotive Plastics Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive plastics market overviews, analyzes and forecasts market size, share, automotive plastics market players, automotive plastics market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s automotive plastics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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