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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Consumer preferences are shifting towards products that prioritize sustainability and eco-friendliness, and the automotive industry is no exception to this trend. Automakers are now facing increased pressure to minimize the environmental impact of their vehicles, and bioplastics have emerged as a viable solution. These bioplastics are derived from renewable sources like corn and sugarcane, offering a means to curtail greenhouse gas emissions and pollution.
Governments worldwide are throwing their support behind the development and utilization of bioplastics. For instance, the European Union has set ambitious targets, aiming to incorporate 25% bio-based materials in vehicles by 2030. This substantial government backing is making bioplastics more economically competitive and accessible.
The production costs associated with bioplastics have been on a declining trajectory in recent years, rendering them increasingly attractive to automakers. This cost-reduction trend is anticipated to persist, further propelling the growth of the automotive bioplastic sector.
Automakers are placing a growing emphasis on lightweighting their vehicles as a means to enhance fuel efficiency and reduce emissions. In this context, bioplastics stand out as a favorable option, as they weigh less than conventional petroleum-based plastics, making them an ideal choice for lightweight vehicle construction.
The burgeoning adoption of electric vehicles is a significant driving force behind the expansion of the automotive bioplastic market. Electric vehicles require lightweight components to maximize their driving range, and bioplastics are a key enabler in helping automakers achieve this goal.
Consumers are progressively recognizing the environmental advantages of bioplastics, including their reduced carbon footprint and recyclability. This heightened awareness is catalyzing a surge in demand for automotive bioplastics.
Automotive bioplastics are a group of substances that are made from renewable resources, such plants, and are utilised in the automotive sector. Bioplastics provide a more sustainable and greener alternative to conventional plastics, which are created from fossil fuels. Typically, they are made of polymers from biomass, including starch, cellulose, or vegetable oils.
Reduced carbon footprint is one of the main advantages of automobile bioplastics. Since the raw materials for bioplastics are derived from renewable resources, their manufacture produces less greenhouse gases than that of conventional plastics. This helps to lessen reliance on limited fossil fuel stocks and mitigate climate change.
Bioplastics are suited for a variety of automotive applications since they may be created to have mechanical qualities that are comparable to those of traditional plastics. They can be utilised in the structural elements of cars as well as external and interior panels. The performance requirements of the automobile industry are met by bioplastics because of their good durability, impact resistance, and thermal stability.
The global automotive bioplastic market size was valued at xx million in 2023 and is projected to reach USD xx million by 2030, growing at a CAGR of xx% during the forecast period.
Governments around the world are supporting the development and use of bioplastics through various initiatives, such as tax breaks and subsidies. This support is helping to make bioplastics more affordable and competitive.
Technological advancements in bioplastic production are leading to the development of new and innovative bioplastic materials with improved properties. For example, new bioplastics are being developed that are stronger, more durable, and more heat-resistant than traditional bioplastics. This is making bioplastics more suitable for a wider range of automotive applications.
Automakers are increasingly collaborating with bioplastic producers to develop new and innovative automotive bioplastic applications. For example, Ford Motor Company and Mitsubishi Chemical Corporation are collaborating to develop new bioplastic materials for use in Ford vehicles.
Bioplastic producers are expanding their production capacity to meet the growing demand for automotive bioplastics. For example, Total Corbion PLA is expanding its PLA production capacity by 50%. This expansion will help to make bioplastics more readily available and affordable for automakers.
Ford Motor Company and Mitsubishi Chemical Corporation announce collaboration in September 2023 to develop new bioplastic materials for use in Ford vehicles.
European Commission announced in July 2023 a new initiative to promote the use of bioplastics in the automotive industry.
Teijin Group and Denso Corporation announced collaboration in May 2023 to develop new bioplastic applications for use in electric vehicles.
Bioplastic producers are investing in research and development to develop new bioplastic materials with improved performance characteristics, such as increased strength, durability, and heat resistance. This is making bioplastics more suitable for a wider range of automotive applications.
BASF SE launches a new line of automotive bioplastics with improved performance characteristics. (June 2023).
Total Corbion PLA's new grade of PLA is specifically designed for use in automotive applications. It offers a number of advantages over traditional PLA, including improved impact strength, heat resistance, and weatherability.
NatureWorks' new grade of Ingeo biopolymer is also designed for use in automotive applications. It is a high-performance biopolymer that offers a number of advantages over traditional petroleum-based plastics, including improved strength, stiffness, and heat resistance.
Ingeo is a specific type of bioplastic offered by NatureWorks, a well-known producer of bioplastics. A bio-based polymer called Ingeo is created from sustainable materials, primarily maize starch. Because of its sustainable and adaptable qualities, it is frequently employed in a variety of industries, including the automobile industry.
Interior parts, exterior panels, and additional uses for NatureWorks' Ingeo bioplastic in the vehicle industry are all possible. It is appropriate for a variety of automotive parts due to its exceptional blend of strength, impact resistance, and processability. Manufacturers can use Ingeo bioplastics as a more environmentally friendly substitute for conventional plastics made from fossil fuels.
Ingeo bioplastics from NatureWorks are renowned for having a smaller environmental and carbon footprint. Under specific circumstances, they can be composted and biodegraded, offering end-of-life possibilities consistent with the concepts of the circular economy.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Research Methodology |
| 4 | Executive Summary |
| 5 | Average B2b Price, By Region |
| 6 | Potential Opportunities For Client |
| 7 | Introduction |
| 8 | Technology trends in the Industry |
| 9 | Limitations of bioplastics, including processing challenges, sensitivity to moisture, and cost factors. |
| 10 | Process and techniques used for shaping bioplastics into automotive components |
| 11 | Techniques to enhance mechanical properties and durability of bioplastic components. |
| 12 | Chemical and mechanical recycling processes and their technical feasibility. |
| 13 | New product development in past 12 months |
| 14 | Market Size, Dynamics and Forecast by Geography, 2024-2030 |
| 15 | Market Size, Dynamics and Forecast by Component Type, 2024-2030 |
| 16 | Market Size, Dynamics and Forecast by Application Type, 2024-2030 |
| 17 | Market Size, Dynamics and Forecast by End-user Type, 2024-2030 |
| 18 | Competitive Landscape |
| 19 | Gross margin and average profitability of suppliers |
| 20 | M&A in past 12 months |
| 21 | Growth strategy of leading players |
| 22 | Market share of vendors, 2023 |
| 23 | Company Profiles |
| 24 | Unmet needs and opportunity for new suppliers |
| 25 | Conclusion |
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