Product Code: SR112025A5146
The global automotive plastics market size reached USD 44.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 62.6 Billion by 2033, exhibiting a growth rate (CAGR) of 3.77% during 2025-2033.
Automotive plastics include polypropylene (PP), polyurethane (PU), polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), nylon, polyethylene (PE), polyoxymethylene (POM) and polycarbonate (PC). These plastics assist in extending the life of automobiles, increasing design flexibility, reducing manufacturing costs and easing integration of components. Besides this, they also help reduce the weight of vehicles by replacing heavy materials, such as metal and glass, to save energy and improve fuel efficiency.
Automotive Plastics Market Trends:
There is currently a rise in the sales of electric and hybrid vehicles (EVs/HVs) around the world. This represents one of the key factors propelling the growth of the market. Moreover, automotive plastics find applications in the production of fuel tanks, carpet fibers, wheel covers, suspension bushings, dashboards, headlamp lenses, truck bed liners, mud flaps, bumpers, and gears. In addition, there is an increase in the use of synthetic coatings on metal surfaces to minimize the risk of corrosion caused by salt damage, high heat and water exposure. Besides this, nylon is utilized for manufacturing seat belts and airbags on account of its tear-resistant properties. This, along with the escalating demand for lightweight and affordable vehicles, is positively influencing the market. Apart from this, leading players are relying on bio-based plastics and polymers instead of fossil-based plastics to reduce their carbon footprint and promote sustainability. Furthermore, they are using recycled plastics for manufacturing seat cushions, replacement bumpers, splash guards, and wheel liners. This, coupled with the burgeoning plastics industry, is augmenting the overall sales and profitability. Other factors facilitating the growth of the market include technological advancements and extensive research and development (R&D) activities financed by automobile manufacturers.
Key Market Segmentation:
Breakup by Vehicle Type:
- Conventional and Traditional Vehicles
- Electric Vehicles
Breakup by Material:
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Acrylonitrile Butadiene Styrene (ABS)
- Polyurethane (PU)
- Polymethyl Methacrylate (PMMA)
- Polycarbonate (PC)
- Polyamide
- Others
Breakup by Application:
- Powertrain
- Electrical Components
- Interior Furnishings
- Exterior Furnishings
- Under the Hood
- Chassis
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Asahi Kasei Corporation, BASF SE, Borealis AG, Covestro AG, Dow Inc., Koninklijke DSM N.V., Lanxess AG, Lear Corporation, LyondellBasell Industries N.V., Saudi Basic Industries Corporation, Solvay S.A and Teijin Limited.
Key Questions Answered in This Report
- 1.What was the size of the global automotive plastics market in 2024?
- 2.What is the expected growth rate of the global automotive plastics market during 2025-2033?
- 3.What are the key factors driving the global automotive plastics market?
- 4.What has been the impact of COVID-19 on the global automotive plastics market?
- 5.What is the breakup of the global automotive plastics market based on the vehicle type?
- 6.What is the breakup of the global automotive plastics market based on the material?
- 7.What is the breakup of the global automotive plastics market based on the application?
- 8.What are the key regions in the global automotive plastics market?
- 9.Who are the key players/companies in the global automotive plastics market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Plastics Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Vehicle Type
- 6.1 Conventional and Traditional Vehicles
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Electric Vehicles
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Material
- 7.1 Polyethylene (PE)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Polypropylene (PP)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Polyvinyl Chloride (PVC)
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Acrylonitrile Butadiene Styrene (ABS)
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Polyurethane (PU)
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Polymethyl Methacrylate (PMMA)
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 7.7 Polycarbonate (PC)
- 7.7.1 Market Trends
- 7.7.2 Market Forecast
- 7.8 Polyamide
- 7.8.1 Market Trends
- 7.8.2 Market Forecast
- 7.9 Others
- 7.9.1 Market Trends
- 7.9.2 Market Forecast
8 Market Breakup by Application
- 8.1 Powertrain
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Electrical Components
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Interior Furnishings
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Exterior Furnishings
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Under the Hood
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Chassis
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Asahi Kasei Corporation
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 BASF SE
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 Borealis AG
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Covestro AG
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Dow Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 Koninklijke DSM N.V.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Lanxess AG
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Lear Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 LyondellBasell Industries N.V.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Saudi Basic Industries Corporation
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Solvay S.A
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Teijin Limited
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.12.3 Financials
- 14.3.12.4 SWOT Analysis