GLOBAL AUTOMOTIVE PLASTICS MARKET

Polypropelene, PVC , ABS and Polyurethane make up for more than 80% of plastics used by the auto industry

Plastics have been increasingly replacing metal components for more than a decade now. There is a growing demand for  thermoplastics, which can withstand high temperatures and a lot of abuse.They also allow multiple child parts to be integrated in one bigger module.

 

MARKET DYNAMICS

Continental structural plastics (CSP)  supplying Ford Motor Company with industry’s first composite, dual-wall-dash engine shroud for use in 2020 Ford Explorer. This sheet molded compound (SMC) advanced composite shroud significantly reduces the power train NVH experienced in the vehicle cabin. CSP VICTALL announced that China based Jiangling motors corporation (JMC) will use advanced composites for the pickup boxes if its new Yuhu 3 and Yuhu 5 pickup trucks.

 

Teijin limited announced that its Sereebo carbon fiber reinforced thermoplastic (CFRTP) has been selected by General Motors for use in select pickup box application. This is world’s first use of CFRTP for structural parts in high volume production vehicles.

 

Global shortage of the  Nylon 66, is an important risk in Automotive plastics market.

 

ELECTRIC VEHICLE PLASTICS MARKET

In 2019, Electric vehicles sold 2.2 Million units,globally ~+4% YOY. The volume of electrified vehicles was ~5 Million units. The  growing penetration of electric propulsion in past 5 years has made every auto supplier sit up and take notice and it`s not any different in case of automotive plastics suppliers. 

As the frontal design of an EV varies significantly as compared to an ICE vehicle due to different cooling requirement, the front grille could be aptly substituted by plastic body with better air cooling passages.

The flexibility offered by plastics primarily in terms of weight and costs could be an advantage to the suppliers as electric vehicles` demand grows further.

Robust thermoplastics and other flame-retardant materials are especially preferred in EV applications due to better thermal management properties.

 

MARKET SEGMENTATION

 

Infographic: Automotive Plastics Market, automotive Plastics market trends, Automotive plastics market size

RECENT DEVELOPMENTS IN AUTOMOTIVE PLASTICS MARKET

 

MARKET SIZE AND FORECAST

The automotive plastics market was estimated at $XX Billion in 2019, growing at –% CAGR till 2025. 

Plastics usage in tailgates has been growing at double digits in past 5 years and with the rise in powered tail gates(including hands-free), plastics will have further headway to grow in the auto industry.

Inographic: Automotive plastics market size, Automotive plastics market trends

 

COMPETITIVE LANDSCAPE

In H2- 2019, despite sales slowdown, many  auto plastics and interior suppliers expanded their presence. For example, Yanfeng Automotive interiors strengthened its presence in Serbia (eastern Europe),French automotive supplier Novares Group inaugurated an expansion project at its Arouca manufacturing facility in northern Portugal, to specifically manufacture parts for  PSA Group.

Tigerpoly Manufacturing, inc. planned to expand its operation in metro Columbus, Ohio.Vuteq USA Inc. planned to invest $60 million to open Injection molding facility in Hustsville, Alabama, to serve the Mazda Toyota Manufacturing USA Inc auto assembly plant. Borealis has entered into North America by inauguration of its new PP compounding plant in Taylorsville, North Carolina. the move is considered a hallmark in the company’s global expansion efforts.

 

COMPANY PROFILES

  1. Borealis AG
  2. Covestro AG
  3. Evonik Industries AG
  4. SABIC (Saudi Arabia)
  5. Grupo Antolin-Irausa S.A.
  6. Novares Group
  7. GW Plastics
  8. Viking Plastics
  9. GEIGER Automotive
  10. BASF SE
  11. Compagnie Plastic Omnium
  12. Continental Structural Plastics

 

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. Automotive Plastic market size and forecast for 2020-2025 in $M, average B-2-B price in all region
  2. Important trends, risks and opportunities in automotive plastics market
  3. Average plastics consumption of Battery electric vehicle across different segment
  4. Market share and OE-supplier alignment in Automotive Plastics market
  5. How will the competitive landscape of automotive plastics market emerge in next 5 years
Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2020-2025
18Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025
19Market Segmentation, Dynamics and Forecast by Application, 2020-2025
20Market Segmentation, Dynamics and Forecast by End use, 2020-2025
21Product installation rate by OEM, 2020
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2020
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix

 

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