Global Automotive Plastics Growth Opportunities

Global Automotive Plastics Growth Opportunities

Tightening Regulations, Evolving Mega Trends, and Rapid Vehicle Electrification to Shape Growth Strategies

RELEASE DATE
08-Jul-2022
REGION
Global
Research Code: PD12-01-00-00-00
SKU: CM01956-GL-MT_26622
$4,950.00
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SKU
CM01956-GL-MT_26622
$4,950.00

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Description

Frost & Sullivan’s global automotive plastics market analysis assesses the current state and prospects for major plastic segments across key applications and powertrain types. The study quantifies the consumption of vital plastics in automotive applications, analyzing the impact of tightening sustainability regulations and evolving trends in the automotive industry to present market forecasts from 2022 to 2028.

The study analyzes the global automotive plastics market based on material, application, powertrain, and region. The study focuses on 10 key material segments: polypropylene, polyamide, ABS, polycarbonate, PVC, HDPE, polyurethane, thermoplastic elastomer, high-performance plastics, and other plastics comprising polyoxymethylene, polybutylene terephthalate, polyvinyl butyral, modified polyphenylene oxide, and polymethyl methacrylate. The consumption of each material is assessed across four automotive applications (interior, exterior, powertrain and structural, and lighting and electrical and electronics) and two powertrain segments (electric and internal combustion engine). The study also provides an overview of regional consumption in the Americas, Europe, Asia-Pacific, and the Middle East, Africa, and South Asia.

The beleaguered automotive industry continues to grapple with supply constraints following its production plunge during the pandemic. The industry is expected to gradually recover over the forecast period to reach the coveted 100 million unit production mark by 2028. As environmental regulations become more stringent, the industry is pressured to reduce emissions and waste. Major original equipment manufacturers have pledged to reach net-zero emissions by 2050 through key initiatives such as switching to electric powertrains, using sustainable materials, improving end-of-life material recycling, and making vehicles lighter.

The transition to electric vehicles (EV) involves swapping conventional under-the-hood (UTH) components, such as engine, fuel, and exhaust systems, for battery packs, electric motors, and various associated components. EV developments are expected to upend the demand for conventional plastics in UTH applications and drive the need for other plastics for new EV applications and components. EV proliferation is anticipated to grow the electromobility pipeline (such as electric motors, coolant lines, and electric motor magnet wire insulation) of high-performance plastic manufacturers. The continued inclination toward sports utility vehicles will also contribute to the incremental demand growth in automotive plastics over the forecast period. Future mobility advancements create the need for value-added functional resin grades characterized by superior attributes and performance, such as flame retardancy; resistance to thermal, chemical, and electrical factors; and superior dielectric properties.

The pandemic, its ensuing challenges and disruptions, and the shift in consumer preferences have accelerated Mega Trends like sustainability, digitization, 5G, and automotive electrification. Major automotive plastics participants seek measures to strategize their growth toward higher-margin, sustainable, and relatively less-cyclical businesses. For example, DSM, Lanxess, DuPont, and Trinseo have reorganized or are reorganizing their plastic businesses in the automotive space. The global automotive plastics market is set for robust growth as the automotive industry recovers post-pandemic, driven by sustainability and vehicle electrification trends.

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Automotive Plastics Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Segmentation (continued)

Industry Overview and Scope

Industry Overview and Scope (continued)

Industry Overview and Scope (continued)

Industry Overview and Scope (continued)

Key Competitors

Key Competitors (continued)

Mobility Trends

Mobility Trends (continued)

Lightweighting Strategies—Material Solutions

Lightweighting Strategies—Applications

Lightweighting Strategies—Applications (continued)

Automotive Circular Economy Strategies

Growth Metrics

Growth Drivers

Growth Drivers Analysis

Growth Drivers Analysis (continued)

Growth Drivers Analysis (continued)

Growth Drivers Analysis (continued)

Growth Drivers Analysis (continued)

Growth Drivers Analysis (continued)

Growth Restraints

Growth Restraints Analysis

Growth Restraints Analysis (continued)

Growth Restraints Analysis (continued)

Forecast Assumptions

Revenue and Volume Shipment Forecast

Revenue and Volume Shipment Forecast Analysis

Total Volume Share of Recycled Plastics

Revenue Forecast by Material

Volume Shipment Forecast by Material

Revenue and Volume Shipment Forecast Analysis by Material

Attractiveness Analysis by Material

Revenue Forecast by Application

Volume Shipment Forecast by Application

Revenue and Volume Shipment Forecast Analysis by Application

Revenue and Volume Shipment Forecast Analysis by Application (continued)

Revenue and Volume Shipment Forecast Analysis by Application (continued)

Revenue and Volume Shipment Forecast Analysis by Application (continued)

Attractiveness Analysis by Application

Revenue Forecast by Powertrain

Volume Shipment Forecast by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Attractiveness Analysis by Powertrain

Revenue Forecast by Region

Volume Shipment Forecast by Region

Revenue and Volume Shipment Forecast Analysis by Region

Attractiveness Analysis by Region

Pricing Trends and Forecast

Pricing Trends and Forecast by Material

Pricing Trends and Forecast Analysis

Value Chain for Automotive Plastics

Value Chain Overview

Competitive Environment

Characteristics and Overview

Growth Metrics

Revenue and Volume Shipment Forecast

Revenue and Volume Shipment Forecast Analysis

Revenue Forecast by Application

Volume Shipment Forecast by Application

Revenue and Volume Shipment Forecast Analysis by Application

Attractiveness Analysis by Application

Revenue Forecast by Powertrain

Volume Shipment Forecast by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Attractiveness Analysis by Powertrain

Competitive Environment

Characteristics and Overview

Growth Metrics

Revenue and Volume Shipment Forecast

Revenue and Volume Shipment Forecast Analysis

Revenue Forecast by Application

Volume Shipment Forecast by Application

Revenue and Volume Shipment Forecast Analysis by Application

Attractiveness Analysis by Application

Revenue Forecast by Powertrain

Volume Shipment Forecast by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Attractiveness Analysis by Powertrain

Competitive Environment

Characteristics and Overview

Growth Metrics

Revenue and Volume Shipment Forecast

Revenue and Volume Shipment Forecast Analysis

Revenue Forecast by Application

Volume Shipment Forecast by Application

Revenue and Volume Shipment Forecast Analysis by Application

Attractiveness Analysis by Application

Revenue Forecast by Powertrain

Volume Shipment Forecast by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Attractiveness Analysis by Powertrain

Competitive Environment

Characteristics and Overview

Growth Metrics

Revenue and Volume Shipment Forecast

Revenue and Volume Shipment Forecast Analysis

Revenue Forecast by Application

Volume Shipment Forecast by Application

Revenue and Volume Shipment Forecast Analysis by Application

Attractiveness Analysis by Application

Revenue Forecast by Powertrain

Volume Shipment Forecast by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Attractiveness Analysis by Powertrain

Competitive Environment

Characteristics and Overview

Growth Metrics

Revenue and Volume Shipment Forecast

Revenue and Volume Shipment Forecast Analysis

Revenue Forecast by Application

Volume Shipment Forecast by Application

Revenue and Volume Shipment Forecast Analysis by Application

Attractiveness Analysis by Application

Revenue Forecast by Powertrain

Volume Shipment Forecast by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Attractiveness Analysis by Powertrain

Competitive Environment

Characteristics and Overview

Growth Metrics

Revenue and Volume Shipment Forecast

Revenue and Volume Shipment Forecast Analysis

Revenue Forecast by Application

Volume Shipment Forecast by Application

Revenue and Volume Shipment Forecast Analysis by Application

Attractiveness Analysis by Application

Revenue Forecast by Powertrain

Volume Shipment Forecast by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Attractiveness Analysis by Powertrain

Competitive Environment

Characteristics and Overview

Growth Metrics

Revenue and Volume Shipment Forecast

Revenue and Volume Shipment Forecast Analysis

Revenue Forecast by Application

Volume Shipment Forecast by Application

Revenue and Volume Shipment Forecast Analysis by Application

Revenue Forecast by Powertrain

Volume Shipment Forecast by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Attractiveness Analysis by Powertrain

Competitive Environment

Characteristics and Overview

Growth Metrics

Revenue and Volume Shipment Forecast

Revenue and Volume Shipment Forecast Analysis

Revenue Forecast by Application

Volume Shipment Forecast by Application

Revenue and Volume Shipment Forecast Analysis by Application

Attractiveness Analysis by Application

Revenue Forecast by Powertrain

Volume Shipment Forecast by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Attractiveness Analysis by Powertrain

Competitive Environment

Characteristics and Overview

Growth Metrics

Revenue and Volume Shipment Forecast

Revenue and Volume Shipment Forecast Analysis

Revenue Forecast by Application

Volume Shipment Forecast by Application

Revenue and Volume Shipment Forecast Analysis by Application

Attractiveness Analysis by Application

Revenue Forecast by Powertrain

Volume Shipment Forecast by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Attractiveness Analysis by Powertrain

Volume Shipment Forecast by Subtype

Competitive Environment

Characteristics and Overview

Growth Metrics

Revenue and Volume Shipment Forecast

Revenue and Volume Shipment Forecast Analysis

Revenue Forecast by Application

Volume Shipment Forecast by Application

Revenue and Volume Shipment Forecast Analysis by Application

Attractive Analysis by Application

Revenue Forecast by Powertrain

Volume Shipment Forecast by Powertrain

Revenue and Volume Shipment Forecast Analysis by Powertrain

Attractiveness Analysis by Powertrain

Competitive Environment

Overview

Growth Opportunity 1: Plastics for EVs

Growth Opportunity 1: Plastics for EVs (continued)

Growth Opportunity 2: Greener Grades to Reduce Carbon Dioxide Emissions

Growth Opportunity 2: Greener Grades to Reduce Carbon Dioxide Emissions (continued)

Growth Opportunity 3: Connected, Autonomous, and Shared Mobility Propels Demand for Specific Materials or Grades

Growth Opportunity 3: Connected, Autonomous, and Shared Mobility Propels Demand for Specific Materials or Grades (continued)

Growth Opportunity 4: Underpenetrated Structural and Semi-Structural Applications

Growth Opportunity 4: Underpenetrated Structural and Semi-Structural Applications (continued)

Growth Opportunity 5: Transitioning from Paint to Molded-in-Color Parts

Growth Opportunity 5: Transitioning from Paint to Molded-in-Color Parts (continued)

Growth Opportunity 6: Strategic Reorganization and M&As

Growth Opportunity 6: Strategic Reorganization and M&As (continued)

Abbreviations and Acronyms Used

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

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Related Research
Frost & Sullivan’s global automotive plastics market analysis assesses the current state and prospects for major plastic segments across key applications and powertrain types. The study quantifies the consumption of vital plastics in automotive applications, analyzing the impact of tightening sustainability regulations and evolving trends in the automotive industry to present market forecasts from 2022 to 2028. The study analyzes the global automotive plastics market based on material, application, powertrain, and region. The study focuses on 10 key material segments: polypropylene, polyamide, ABS, polycarbonate, PVC, HDPE, polyurethane, thermoplastic elastomer, high-performance plastics, and other plastics comprising polyoxymethylene, polybutylene terephthalate, polyvinyl butyral, modified polyphenylene oxide, and polymethyl methacrylate. The consumption of each material is assessed across four automotive applications (interior, exterior, powertrain and structural, and lighting and electrical and electronics) and two powertrain segments (electric and internal combustion engine). The study also provides an overview of regional consumption in the Americas, Europe, Asia-Pacific, and the Middle East, Africa, and South Asia. The beleaguered automotive industry continues to grapple with supply constraints following its production plunge during the pandemic. The industry is expected to gradually recover over the forecast period to reach the coveted 100 million unit production mark by 2028. As environmental regulations become more stringent, the industry is pressured to reduce emissions and waste. Major original equipment manufacturers have pledged to reach net-zero emissions by 2050 through key initiatives such as switching to electric powertrains, using sustainable materials, improving end-of-life material recycling, and making vehicles lighter. The transition to electric vehicles (EV) involves swapping conventional under-the-hood (UTH) components, such as engine, fuel, and exhaust systems, for battery packs, electric motors, and various associated components. EV developments are expected to upend the demand for conventional plastics in UTH applications and drive the need for other plastics for new EV applications and components. EV proliferation is anticipated to grow the electromobility pipeline (such as electric motors, coolant lines, and electric motor magnet wire insulation) of high-performance plastic manufacturers. The continued inclination toward sports utility vehicles will also contribute to the incremental demand growth in automotive plastics over the forecast period. Future mobility advancements create the need for value-added functional resin grades characterized by superior attributes and performance, such as flame retardancy; resistance to thermal, chemical, and electrical factors; and superior dielectric properties. The pandemic, its ensuing challenges and disruptions, and the shift in consumer preferences have accelerated Mega Trends like sustainability, digitization, 5G, and automotive electrification. Major automotive plastics participants seek measures to strategize their growth toward higher-margin, sustainable, and relatively less-cyclical businesses. For example, DSM, Lanxess, DuPont, and Trinseo have reorganized or are reorganizing their plastic businesses in the automotive space. The global automotive plastics market is set for robust growth as the automotive industry recovers post-pandemic, driven by sustainability and vehicle electrification trends.
More Information
Author Gautam Rashingkar
Industries Chemicals and Materials
No Index No
Is Prebook No
Podcast No
WIP Number PD12-01-00-00-00