The global automotive plastics market size is expected to hit USD 53.85 billion by 2027. This is attributable to the rising automotive sector and the growing demand for additive manufacturing in the automotive sector during the forecast period. This information is published by Fortune Business Insights, in its latest report, titled, “Automotive Plastics Market Size, Share & COVID-19 Impact Analysis, and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 40.91 billion in 2019 and is likely to exhibit a CAGR of 5.3% between 2020 and 2027.
Furthermore, the research report includes detailed information about major players and provides data regarding the current market scenario as well as upcoming market opportunities or challenges. Similarly, in segment report covers the types, and applications according to the countries and key regions. The research report consists of the various drivers and restraints for the Automotive Plastics market along with their effects over the forecast period. Similarly, according to the region Automotive Plastics market research report includes the study of opportunities available in the market situation.
A new market study report by Fortune Business Insights on the Automotive Plastics Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and shares in the forecast period. The forecasts mentioned in the report have been acquired by using proven research assumptions and methodologies. Hence, this research study serves as an important depository of the information for every market landscape. The report is segmented on the basis of types, end-users, applications, and regional markets.
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We have been tracking the direct impact of COVID-19 on this market, as well as the indirect impact from other industries. This report analyzes the impact of the pandemic on the Automotive Plastics market from a Global and Regional perspective. The report outlines the market size, market characteristics, and market growth for the Automotive Plastics industry, categorized by type, application, and consumer sector. In addition, it provides a comprehensive analysis of aspects involved in market development before and after the Covid-19 pandemic. The report also conducted a PESTEL analysis in the industry to study key influencers and barriers to entry.
Top Companies in Automotive Plastics Industry:
Know your current market situation! Who are the global key manufacturers of the Automotive Plastics Industry? What is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
List of the Companies Profiled in the Global Market:
- Arkema SA (France)
- BASF SE (Germany)
- Borealis AG (Austria)
- DuPont (U.S.)
- DSM Engineering (The Netherlands)
- Evonik Industries AG (Germany)
- ExxonMobil Corporation (U.S.)
- LANXESS (Germany)
- LG Chem (South Korea)
- LyondellBasell (The Netherlands)
- SABIC (Saudi Arabia)
- Covestro AG (Germany)
- Arkal Automotive (U.S.)
- Other Players
In addition, to detailed information on the companies operating in the Automotive Plastics market, the report also includes a competitive snapshot of all the companies covered in the report. Thereby, this offers a visual representation of how all the companies stand comparatively based on their competencies, geographic presence, market hold, and years of operations and financial strength, among others. The current market dossier provides market growth potential, opportunities, drivers, industry-specific challenges, and risks market share along with the growth rate of the global Automotive Plastics market. The report also covers monetary and exchange fluctuations, import-export trade, and global market
Increasing Adoption of Advanced Technologies to Favor Growth
The growing demand for fuel-efficient automobiles is propelling manufacturers to adopt advanced technologies such as additive manufacturing. The increasing adoption of 3D printing technology to develop lightweight and advanced plastic products is expected to drive the demand for advanced automotive plastics across the globe. In addition to this, high disposable income and the improved living standards of the people globally is driving the sales of automotive that will contribute to the growth of the global automotive polymers market during the forecast period.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market experts’ opinions have been taken to understand the market better. Report further studies the market development status and future Automotive Plastics Market trends across the world. Also, it splits Automotive Plastics market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.
Regional Analysis of Automotive Plastics Industry:
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive Plastics market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and the Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Questions Answered (FAQ’s):
- Which are the top 5 players in the Automotive Plastics market?
- How will the Automotive Plastics market change in the next five years?
- Which product and application will take a lion’s share of the Automotive Plastics market?
- What are the drivers and restraints of the Automotive Plastics market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Automotive Plastics market throughout the forecast period?
The Global Automotive Plastics market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2029. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.