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Automotive Plastics Market - Key Players, Growth Rate and Forecasts to 2025

The shift in trend towards high performance plastics to substitute conventional metals & rubber is expected to drive demand. The Global Automotive Plastics Market is expected to reach USD 68.5 billion by 2025, according to a new report by Grand View Research, Inc.


The quality of plastics is highly dependent upon their properties, functions and applications. Superior properties such as light weight, versatility and flexibility has fostered technological innovations and design freedom using plastic materials. Streamlined mass production has enabled provision of technologically sound and cost-efficient products with high sustainability.

Utilization of polymer matrix and carbon fiber composites are expected to enable car body-weight reductions of 25% to 75%. They contribute to lower vehicle weight, essential for emission reduction and fuel conservation while supporting the additional weight of advanced safety equipment.

Stringent regulations such as the Corporate Average Fuel Economy (CAFE) in North America have compelled automobile OEMs to seek alternative methods of vehicular weight reduction in order to improve efficiency. Light weight is likely to remain a crucial factor for complying with such regulations, owing to the inherent correlation between mass and fuel consumption.

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Polycarbonate (PC) is expected to emerge as the fastest-growing product with an estimated CAGR of around 9.7% from 2017 to 2025. Polycarbonate offers excellent properties include weathering, optical, thermal and electrical. It also provides a unique combination of stiffness, toughness, and hardness.

Top Players of Automotive Plastics Market:

Major participants include 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, and Teijin Ltd among others.

Market Segmentation of Automotive Plastics Market:

The Global Automotive Plastics Market segmented on the basis of Product, Application, and Region.

By Product:

    Acrylonitrile butadiene styrene (ABS)
    Polypropylene (PP)
    Polyurethane (PU)
    Polyvinyl Chloride (PVC)
    Polyethylene (PE)
    Polycarbonate (PC)
    Polymethyl methacrylate (PMMA)
    Polyamide (PA)

By Application:

    Powertrains
    Electrical Components
    Interior Furnishings
    Exterior Furnishings
    Under the Hood Components
    Chassis

Inquire about Automotive Plastics Market with Our Experts @ https://www.grandviewresearch.com/inquiry/494
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