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Automotive Plastic Additives Market By Additives (Antioxidants, Plasticizers, Stabilizers, Anti-Scratch), By Application (Electronics & Electrical, Interior, Exterior, Under the Hood), By Plastic (Acrylonitrile Butadiene Styrene (ABS), Polyurethane (PUR), Polypropylene (PP), Poly-Vinyl Chloride (PVC)), By Vehicle Type (Commercial, Passenger), Industry Trends, Estimation & Forecast, 2018 - 2025

September 2018

 Pages: 184

 ERC 8302

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Automotive plastic additives market is expected to grow with a CAGR of 6.0% during the forecast period of 2018 to 2025.

Plastic additives are required for the manufacturing of automobile interior, exterior, electronics, and under the hood components, due to the surging need for light-weight materials and flexible design. Thus, automobile manufacturers are extensively replacing plastic additives with metal and aluminum counterparts, which in turn is resulting into the escalating demand of plastic additives in automobiles. Plastic components make the vehicle lightweight and make it highly fuel efficient without hampering the power delivery. The increasing need of highly fuel efficient vehicles along with innovative design of vehicles is the major factor that is driving the growth of the automotive plastic additives market. The increasing production of vehicles and the need for reducing the production cost of vehicles in the developing countries such as China and India are also fueling the growth of the market. According to the data cited by OICA, China manufactured around 24.8 million passenger vehicles and approximately 4.2 million commercial vehicles, in 2017. In addition, according to the report published by Semantic Scholar, on an average, a vehicle uses around 150 kg of plastic composites and plastics, which accounts for approximately 15% of a vehicles overall body weight. Such high production statistics of vehicles and increasing incorporation of plastic components such as bumpers, doors, windows, headlight, side view mirror housing, trunk lids, grilles and wheel covers are contributing towards the growth of the market. However, the stringent regulations implemented by government of several nations on the use of plastics and the effect of plastic on health is hampering the growth of the automotive plastic additives market. The market players are anticipated to witness lucrative opportunities during the upcoming years due to the advent of new 3D printing technology. Leading market players are implementing strategies such as mergers & acquisition and collaboration to gain a competitive edge over the other players. For instance, in July 2018, BASF GmbH, acquired Advanc3D Materials GmbH and Setup Performance SAS with an aim to seek the advantages of their 3D printing technology.

The report provides detailed qualitative and quantitative analysis of the automotive plastic additives market. Market size and forecast in terms of value and volume has been provided for the period - (2017 – 2025) for the segments namely additives, application, plastic, and vehicle type in each of the major regions.

Automotive Plastic Additives Market Player Analysis

The report presents detailed analysis of major players operating in automotive plastic additives market. Few of them Exxon Mobil Corporation, BASF SE, Polyone Corporation, The DOW Chemical company, Akzo Nobel Nv, Solvay SA, Clariant AG, Covestro AG, Lanxess AG, and Kaneka Corporation. Detailed coverage on these market players with information on their revenue from automotive plastic additives business, market share, gross margin and their growth strategies have been provided in the report.

Market Segmentation

Automotive plastic additives market is segmented on the basis of additives, application, plastic, vehicle type and geography. By additives, the market is segmented into antioxidants, plasticizers, stabilizers, anti-scratch, and other. Based on application, the market is categorized into electronics & electrical, interior, exterior, and under the hood. By plastic, the market is bifurcated into acrylonitrile butadiene styrene (ABS), polyurethane (PUR), polypropylene (PP), and poly-vinyl chloride (PVC). On the basis of vehicle type, the market is segregated into commercial and passenger. Geographical coverage has been provided for each of the major regions including North America, Europe, Asia-Pacific, and Rest of the World.

Automotive Plastic Additives Market Segmentation

By Additives
• Antioxidants
• Plasticizers
• Stabilizers
• Anti-Scratch
• Other

By Application
• Electronics & Electrical
• Interior
• Exterior
• Under the Hood

By Plastic
• Acrylonitrile Butadiene Styrene (ABS)
• Polyurethane (PUR)
• Polypropylene (PP)
• Poly-Vinyl Chloride (PVC)

By Vehicle Type
• Commercial
• Passenger

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o France
o Germany
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Rest of APAC
• Rest of the World
o Middle East
o Africa

Automotive Plastic Additives Market Key Players

• Exxon Mobil Corporation
• BASF GmbH
• Polyone Corporation
• The DOW Chemical Company
• Akzo Nobel Nv
• Solvay SA
• Clariant AG
• Covestro AG
• Lanxess AG
• Kaneka Corporation

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    What Information does this report contain?

    • What was the market size of the Automotive Plastic Additives Market in 2018 and the expected market size by 2025, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2018 - 2025)?
    • Which are the leading companies in the Automotive Plastic Additives Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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