The Exterior Automotive Plastics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Exterior Automotive Plastics Market:
https://www.thebusinessresearchcompany.com/report/exterior-automotive-plastics-global-market-report
According to The Business Research Company’s Exterior Automotive Plastics Global Market Report 2024, The exterior automotive plastics market size has grown strongly in recent years. It will grow from $12.01 billion in 2023 to $12.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to industrialization of livestock farming, animal health and productivity, fluctuations in feed ingredient prices, globalization of livestock production, nutritional awareness, regulatory support,
The exterior automotive plastics market size is expected to see strong growth in the next few years. It will grow to $16.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rising demand for aquaculture feed, alternative protein sources, biosecurity concerns, impact of climate change, growing demand for animal protein.. Major trends in the forecast period include technological advancements in feed formulation, traceability and transparency, integration of digital technologies, innovations in feed additives, sustainable sourcing.
Rising demand from the automotive industry is expected to propel the growth of the exterior automotive plastics market going forward. The automotive industry refers to the industry that comprises of sales and production of various vehicles such as passenger vehicles, hybrid vehicles, and motorcycles. Exterior automotive plastics play a significant role in the automotive industry, as they are used in the production of many parts of a vehicle’s exterior, including body panels, bumpers, grilles, mirrors, and trim, these plastics are often preferred over traditional materials, such as steel or aluminum because they are lighter, more durable, and more resistant to corrosion. For instance, in April 2023, Statistics Canada, a Canada-based government agency, the total number of road motor vehicles registered in Canada increased by 1.9% from 2020 with 26.2 million in 2021. Further, in June 2021, according to the report published by OICA (International Organization of Motor Vehicle Manufacturers), a France-based international trade association for vehicles, global passenger car sales increased from 53.91 million in 2020 to 56.39 million in 2021. Therefore, the rising demand from the automotive industry drives the exterior automotive plastics market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=10440&type=smp
The exterior automotive plastics market covered in this report 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
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 report table of contents includes:
1. Executive Summary
2. Exterior Automotive Plastics Market Characteristics
3. Exterior Automotive Plastics Market Trends And Strategies
4. Exterior Automotive Plastics Market – Macro Economic Scenario
5. Global Exterior Automotive Plastics Market Size and Growth
.
.
.
26. South America Exterior Automotive Plastics Market
27. Brazil Exterior Automotive Plastics Market
28. Middle East Exterior Automotive Plastics Market
29. Africa Exterior Automotive Plastics Market
30. Exterior Automotive Plastics Market Competitive Landscape And Company Profiles
Top Major Players:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Overview and Scope Smart biopsy devices refer to intelligent instruments intended to increase the precision…
Microdisplay refers to a miniature electronic display technology designed to be compact and lightweight, suitable…
Overview and Scope Remicade biosimilar refers to a biological drug like Remicade used to treat…
Overview and Scope Small molecule innovator CDMO refers to a pharmaceutical division offering small-molecule drug…
Overview and Scope Micro and nano PLCs are compact programmable logic controllers designed for small-scale…
Overview and Scope Metastatic melanoma therapeutics refers to the various treatment options available for patients…