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 2027, reaching nearly US$ 33.30 Bn.
Automotive Plastics Market Overview:
A research team conducted extensive primary and secondary research for the Automotive Plastics market study of the global market. In order to augment already-existing data, segment the market, calculate the overall market size, and project market size and growth rate, secondary research was conducted.
Market revenue is determined by primary and secondary research, and market leaders are recognised through these two methods. In-depth interviews with influential thought leaders and business leaders, including CEOs and marketing executives, were conducted as part of the main study.
As part of the primary research, extensive interviews with key opinion leaders and business leaders, including CEOs and marketing executives, were done. As part of the secondary research, the annual and financial reports of the major manufacturers were examined. Global market percentage splits, market shares, growth rates, and breakdowns are produced from secondary sources and validated against primary data.
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Market Scope:
The report contributes to a better knowledge of the global Automotive Plastics market’s dynamic structure by identifying and assessing market segments and estimating market size. The report also contains a comparison of key firms’ pricing, financial standing, application growth objectives, and regional presence. To assist shareholders in prioritising their efforts and investments in the global Automotive Plastics market, the study also contains a PESTLE analysis.
Decision-makers now have a clear picture of the future of the market thanks to the investigation of external and internal factors that are expected to either benefit or harm enterprises. Through the analysis of market segmentation and projections of market size, the study also contributes to an understanding of the dynamic structure of the global ## market. The study is a resource for investors by giving a thorough representation of the competitive analysis of significant organizations in the Global Automotive Plastics Market based on price, financial position, growth strategies, and geographic presence.
Segmentation:
It is anticipated that the rising popularity of electric cars (EVs) would help to the global use of automotive plastics. Governments all around the world are providing tax credits and other incentives to promote the usage of electric vehicles in light of the current upsurge in environmental concerns. When designing electric cars, weight reduction is a crucial factor. Automotive plastics are utilised in EVs so frequently because they satisfy the fundamental functional requirements while being much lighter than traditional materials like steel and aluminium. Manufacturers are increasingly using polymer parts in engine transmission and underneath the hood (polycarbonate sensors and LEDs) as they search for innovative ways to reduce costs and weight. stringent government regulations for fuel economy, new, lightweight automobiles, reduced vehicle emissions, and
Key Players: The key players are
• 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:
The Automotive Plastics Market is examined at the national level with a focus on nations with the largest market shares, categories with the potential for strong growth, and categories. The regional breakdowns in the Automotive Plastics Market research include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations.
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COVID-19 Impact Analysis on Automotive Plastics Market: The report covers COVID-19 impact on Automotive Plastics market.
Key Questions Answered in the Automotive Plastics Market Report are:
- What will the CAGR of the ## market be during the forecast period?
- In the ## market, which market segment has become the market leader?
- Which companies dominate the ## market?
- In 2029, how big will the ## market be?
- Which company held the largest proportion of the ## market?
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