As per this study the Global Automotive Plastic Additive Market was valued USD X.X BN (by revenue) in 2019 and is anticipated to reach USD X.X BN by 2026 with a CAGR of X.X%. By volume, the market was estimated XXX KT in 2019 and is expected to reach XXX KT by 2026 with a CAGR of X.X%.
Plastic additives refer to the chemicals added in the polymers to polymerize, process or modify their properties. In the automobile industry, it is used in the manufacturing of bumpers, switches, dashboards, steering wheels, etc. of the car. Various additives such as UV stabilizer, thermal and light stabilizer, anti-scratch, anti-dust agent and others are used to enhance property of the plastics used in a vehicle.
Rising demand of lightweight, durable plastics from the automotive industry is driving the market growth. Growing demand for electric vehicles and lightweight cars is again fueling the market growth. Also, increasing adoption of lightweight, durable, and high performance plastic in auto parts is again pushing the market uphill. Shift in manufacturer’s preference towards plastics over metals is likely to raise the market demand in the forecasting period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automotive plastic additive.
The broad automotive plastic additive market has been sub-grouped into plastic additive, plastic type, automotive application and vehicle type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Plastic Additive
By Plastic Type
By Automotive Application
- Polyurethane (PUR)
- Poly-Vinyl Chloride (PVC)
- Acrylonitrile Butadiene Styrene (ABS)
By Vehicle Type
- Exterior Application
- Interior Application
- Under The Hood
- Electronics And Electrical
- Passenger Car
- Light Commercial Vehicle (LCV)
- Heavy Commercial Vehicle (HCV)
- Electric Vehicle
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for automotive plastic additive in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Automotive Plastic Additive Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive plastic additive market include Akzo Nobel Nv, BASF SE, Clariant AG, Covestro AG, Evonik Industries, Exxon Mobil Corporation, Kaneka Corporation, Lanxess AG, Polyone Corporation, Sabic, Solvay SA and The DOW Chemical Company among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.