The Exterior Automotive Plastics Global Market Report 2023, provides comprehensive information on the exterior automotive plastics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Exterior Automotive Plastics Global Market Report 2023, the global exterior automotive plastics market size is expected to grow from $11.25 billion in 2022 to $12.01 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global exterior automotive plastics market size is expected to reach $15.07 billion in 2027 at a CAGR of 5.8%.
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The adoption of sustainable products is a key trend gaining popularity in the exterior automotive plastics market. Companies operating in the exterior automotive plastics market are adopting sustainable products to sustain their position in the market. For instance, in September 2021, SABIC, a Saudi Arabia-based company engaged in engineering thermoplastics for lighting components and the emerging automotive application introduced recycled automotive grades, the company’s first automotive grades within the company’s TRUCIRCLE portfolio of circular solutions and services. The new resins include XENOY T2NX2500UV resin, an unfilled, SABIC T2E-3320EH PP compound, a high-flow, low-emission, talc-filled polypropylene; UV-stabilized blend of polycarbonate and polyethylene terephthalate; and XENOY T2NX5230 resin, a mineral-filled PC/PET blend that is applicable in the automotive industry. These are sustainable and contain up to 29% recycled content that offers excellent performance, providing automotive customers with new options that can help them address their sustainability goals.
The exterior automotive plastics market is segmented:
1) By Type: Thermoplastic polymers, Composites, Bioplastics
2) By Vehicle Type: Passenger Cars, Commercial Vehicles, Other Vehicle Types
3) By Material: Polyurethane, Polycarbonate, Polypropylene, Polyethylene, Polyamide, Polyvinyl Chloride, Other Materials
4) By Application: Bumpers and Grills, Roof, Lights, Liftgate, Other Applications
Asia-Pacific was the largest region in the exterior automotive plastics market in 2022.
The table of contents in TBRC’s exterior automotive plastics market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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