Automotive Plastics Market Overview:
The global Automotive Plastics market is expected to exhibit a strong 11.41% CAGR over the
forecast period from 2022 to 2030, according to the latest research report from
Market Research Future (MRFR). The market is expected to grow from a volume of
137,143 thousand units in 2018 to 281,470.8 thousand units by 2030. The report
provides a greatly detailed profile of the global Automotive Plastics market
and gives readers an all-inclusive overview of the market. The past, present,
and future of the market are studied in the report, with detailed historical
analysis, present statistics, and future projections. Historical statistics
revealing the market’s historical growth trajectory are studied in detail in
the report. Based on these statistics and a study of the major drivers and
restraints affecting the market, future projections can be made for the Automotive
Plastics market.
Based on this platform, future projections for the
Automotive Plastics market’s growth trajectory over the forecast period are
provided in the report. A comprehensive analysis of the leading players in the Automotive
Plastics market is also provided in the report, which profiles the major
players operating in the market. The major factors and trends affecting the
global Automotive Plastics market are assessed in the report. The impact of the
COVID-19 pandemic on the Automotive Plastics market is also assessed in the
report.
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Heavy-duty vehicles include tractors, loaders,
scrapers, excavators, heavy trucks, combine harvesters, and buses. The rising
penetration of plastic components in heavy-duty vehicles is due to the high
demand for lightweight vehicles and associated lightweight components in
vehicle applications. There are two varieties of plastics, namely,
thermoplastic and thermosetting. The thermoplastic category primarily includes
polyamide (PA), acrylonitrile butadiene styrene (ABS), and polycarbonate (PC);
while thermosetting includes polyurethane (PU). They are the main materials for
plastic components in heavy-duty vehicle applications. Such plastics are widely
incorporated in the manufacturing of various components for heavy-duty
vehicles. Some of the components that require plastics to manufacture are
engine cover, transmission cover, intake air modules, oil pan module, cam cover
module, cluster panel/dashboard, bumper, seating, wheel & tire, door,
interior & exterior trim, windows & windshields, and electronics.
The growing agriculture and construction
industries are likely to drive the demand for heavy-duty vehicles over the
forecast period. However, the growing awareness about the inability of plastic
components to biodegrade naturally is likely to be a major restraint on the
global Automotive Plastics market over the forecast period. If incinerated,
plastic components release carbon monoxide and other toxic gases into the
environment. Due to this, end users in the market are likely to demand
biodegradable plastics over the coming years. This is likely to remain a major
opportunity for players in the Automotive Plastics market over the forecast
period.
Automotive Plastics Market Competitive Leader
board:
- Continental
AG (Germany)
- DowDuPont
Inc. (US)
- Magneti
Marelli S.p.A. (Italy)
- FLEX-N-GATE
CORPORATION (US)
- Toyoda
Gosei Co. Ltd (Japan)
- Samvardhana
Motherson Group (India)
- ElringKlinger
AG (Germany)
- Hartford
Technologies Inc. (US)
- Abbott
Ball Company Inc. (US)
- SMB
Bearings (UK)
Automotive Plastics Market Segmentation
By Component Type
- Engine
Covers
- Transmission
Covers
- Intake
Air Modules
- Oil
Pan Modules
- Cam
Cover Modules
- Cluster
Panels/Dashboard
- Bumpers
- Seating
- Wheels
and Tires
- Doors
- Interior
& Exterior Trims
- Others
By Material
- Polyvinyl
chloride (PVC)
- Polyurethane
(PU)
- Polypropylene
(PP)
- Polyethylene
(PE)
- Polyamide
(PA)
- Acrylonitrile
butadiene styrene (ABS)
- Polycarbonate
(PC)
- Others
By Vehicle Type
- Tractors
- Loaders
- Scrapers
- Excavators
- Trucks
- Combine
Harvester
- Buses
Automotive Plastics Market for Heavy-Duty
Vehicles Regional Analysis:
Asia Pacific accounted for close to 75% of the
global Automotive Plastics market in 2018 and is likely to retain the dominant
share over the forecast period.
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