The global demand for Exterior Automotive Plastics Market is presumed to reach the market size of nearly USD 18.38 MN by 2028 from USD 12.47 MN in 2021 with a CAGR of 5.7% under the study period 2022 - 2028. Regarding volume, the market was calculated XX Million Ton in 2021 and forecast to touch XX Million Ton by 2028 with a CAGR of XX% during 2022-2028.
Exterior automotive plastics are used in vehicle components and parts due to their ease of manufacturing, reliance on renewable raw materials, and improved designs. These plastics are in high demand in the automotive industry for producing exterior and interior parts like safety, bumpers, doors, windows, side-view mirrors, grilles, and wheel covers. By reducing weight and providing great performance, toughness, design flexibility, and durability at an affordable price, these plastics increase the energy efficiency of automobiles.
Market Dynamics
Exterior automotive plastics have excellent mechanical qualities and a faultless appearance. Thus, these effective polymers are widely applied in the automotive industry. Global demand for external automotive plastics is being driven by the resurgence of the automotive industry, improved vehicle design capabilities, and an increasing emphasis on vehicle weight reduction and pollution control. Furthermore, the need for high-performance plastics has increased due to growing popularity of electric vehicles and ongoing advancements in recycling techniques. The use of exterior automotive plastics will therefore increase during the projection period. On the downside, government limits on fuel economy are strict, restricting the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of exterior automotive plastics. The growth and trends of exterior automotive plastics industry provide a holistic approach to this study.
Market Segmentation
This section of the exterior automotive plastics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Polypropylene
- Polyurethane
- Polyamide
- Polyvinyl Chloride
- Polycarbonate
- Polyethylene
- Others
By Application
- Bumpers & Grills
- Roof
- Lights
- Liftgate
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Exterior Automotive Plastics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Exterior Automotive Plastics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the exterior automotive plastics market include Arkema (France), BASF SE (Germany), Borealis AG (Austria), Dupont (U.S.), DSM (Netherlands), Evonik Industries (Germany), Exxonmobil (Texas), Lanxess (Germany), LyondellBasell (Netherlands), Covestro AG (Germany). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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