Global Automotive Plastic market | Inkwood Research
                     GLOBAL AUTOMOTIVE PLASTICS 
MARKET
FORECAST 2019-2027
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Insert or Drag & Drop your photo MARKET 
GLOBAL AUTOMOTIVE 
PLASTICS MARKET OVERVIEW
• Plastics find vast applications within the 
FORECAST 2018-2026 automotive sector because of their ease of manufacture, possible sourcing from renewable 
raw materials and relative ease of improved 
design that turn them into the primary 
materials for various automotive parts and 
applications.
• They reduce vehicular weight alongside 
improving aesthetics, reducing the noise, 
vibrations, and cabin insulation.
• The high cost of raw material necessary to 
manufacture automotive plastics and massive 
investments required are expected to pose 
challenges for the global industry.
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• Various grades of plastics are categorized 
KbasEed oYn th eir usage, composition, resistance; rigidity, cost, and weight.
• Their utilities in screw-on attachments in the 
FfurIniNshingDs to IthNe moGre coSst-intensive body parts in automobiles, everyday utilities, etc.; 
these materials have made huge headways 
into various industries, and one of the most 
profited end users for plastics has been the 
automotive industry.
• On top of that, the growing demand for light-
weight, fuel efficient and high-performance 
vehicles from the consumer's end are 
expected to inculcate massive investments 
and raise the manufacturing rate for INTRODUCTI
automotive plastics.
• The global automotive plastics market is ON
anticipated to raise its growth during the 
forecasting years of 2019-2027 with Global Automotive Plastics market 
quantified and approximated 9.78% CAGR. by Product, by Application & by 
geography.
• The global market is expected to grasp a 
share valued $ 64,164 million by the end of 
2027. 
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in the Global Automotive Plastics market
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NORTH AMERICA AUTOMOTIVE PLASTICS 
MARKET
• The North American automotive plastic 
market is developing at a CAGR of 
9.18% during the forecasting years of 
2019-2027. The United States and 
Canada are considered for the market 
study.
• Plastics are known to help reduce the 
total weight of the vehicles which in turn 
helps in the reduction of fuel 
consumption and carbon dioxide 
emissions.
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EUROPE AUTOMOTIVE PLASTICS MARKET
• The European market for automotive 
plastics is expected to progress at a 
CAGR of 9.42% during the forecasting 
years of 2019-2027.
• The rise in the demand for lightweight 
vehicles across the automotive industry 
is expected to inject growth to the 
automotive plastics market over the 
forecast period in the region.
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ASIA PACIFIC AUTOMOTIVE PLASTICS MARKET
• The Asia Pacific automotive plastics 
market is expected to propel at 10.15% 
CAGR during the forecasting years of 
2019-2027.
• The regional market of APAC had 
captured xx% of estimated market 
share in 2018 and is expected to 
capture xx% by the end of 2027.
• The efficient government regulation on 
fuel efficiency & vehicle weight, growing 
vehicle production coupled with the 
various expansion activities performed 
by automotive manufacturers in the 
Asia Pacific region are necessarily 
driving the regional market.
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COMPETITIVE 
INSIGHTS
The companies and incorporations 
operating in the global market for 
automobile plastics employ organic and 
inorganic strategies for their growth. 
Some of these companies are Sabic, Teijin 
Ltd., Covestro AG, Chi Mei Corporation, 
Dow Chemical Company, KRD 
Sicherheitstechnik GmbH, Owens Corning 
Corporation, Evonik Industries, Renias Co., 
Ltd., Johnson Controls, Magna 
International, Sumitomo Chemical Co. 
Ltd., Idemitsu Kosan Co., Ltd., Royal DSM, 
BASF SE, Webasto SE, Lear Corporation, 
Mitsubishi Chemical Corporation, Engel 
Austria GmbH, Trinseo S.A. and AkzoNobel 
CV.
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and Asia.
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