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
The recently published Automotive Plastics Market Report by Maximize Market Research is available in the market. Maximize Market research is an international business consultancy firm, serving large and medium size players across the world. It has got clients in the capital goods and automobile segments in more than 34 countries.
The research analyst has said that the APAC region is a lucrative opportunity for the Automotive Plastics market and components manufacturers for the next ten years. The impact of the market is normal after the Covid Lockdown has been analyzed in the report and the market is showing an upward trend even in the midst of an economic slowdown.
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Market Scope
The research looks into demand for Automotive Plastics market predictions, market trends, and micro and macro variables in the detail. In addition, the research includes factors that are propelling the Automotive Plastics market growth and impeding the market’s growth. The Maximize Market Research report provides a regional analysis of potential investment opportunities for existing and new market entrants. The research uses analytical methodologies such as Porter’s five forces analysis and PESTLE of the Automotive Plastics market to provide insights into the market. The research also provides current market trends and forecasts for the years 2022-2029. The report also identified key future trends that will influence demand throughout the projected period.
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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. Polypropylene, being a commodity plastic is less expensive than other engineered plastics and therefore preferred by engineers over other plastics. Polypropylene is commonly used by engineers to meet the low-cost vehicle design criteria. These variables account for PP’s substantial proportion of the automotive plastics market for passenger cars.
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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
The report on the Automotive Plastics market gives a detailed analysis, which is divided into regions. The research includes an evaluation of regional and local market participants operating in the target market, as well as findings in the target market. On a regional and global basis, the study evaluates the market in North America, Latin America, Europe, Asia Pacific (APAC), Africa, and the Middle East. Each region market is researched in depth, for the discovery of regional Automotive Plastics market trends, constraints, and growth potential.
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.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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