The global automotive plastic additives market is projected to grow at a formidable rate during the forecast period, 2023-2027. Automotive plastic additives are used to enhance the properties of plastic such as increased chemical, water, and scratch resistance, reduced coefficient of friction, improved gloss, enhanced water repellency, etc.
The Important Elements of the Automotive Plastic Additives Market
The market growth can be attributed to the increasing demand for lightweight vehicles and the rising trend of electric vehicles across the globe. In addition, rising concerns about environmental protection and rising government support for the development of electric vehicles across the globe are some of the factors expected to propel the market growth. The rise in the popularity of low-cost automobile interiors is also adding to the growth of the global automotive plastic additive market.
Additionally, enhanced focus on reducing plastic wastage and improving the biodegradability of plastics has led to the increased adoption of automotive plastic additives in recent years.
Moreover, the increased focus of companies on developing new and advanced products for increasing the functionality of the product and the emergence of new additives are some of the factors aiding the growth of the market.
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The global automotive plastic additives market is segmented on the basis of automotive application, vehicle type, plastic type, plastic additives, and region. Based on automotive applications, the market is segmented into exterior application, interior application, under the hood, and electronics and electrical. The interior application segment is estimated to dominate the market during the forecast period due to the growing demand for automotive plastic additives in interior applications due to the high use of plastics.
Moreover, the electrification of vehicles in emerging countries such as China and India is driving the market for automotive plastic additives due to which the Asia-Pacific region is estimated to be the largest market for automotive plastic additives during the forecast period.
Some of the leading players in the global automotive plastic additive market
- BASF SE
- Exxon Mobil Corporation
- The DOW Chemical Company
- Akzo Nobel Nv
- Covestro AG
- Lanxess AG
- Kaneka Corporation
- PolyOne Corporation
- Clariant AG
- Solvay SA, etc.
| Attribute | Details |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
| Segments Covered | · By Automotive Application· By Vehicle Type· By Plastic Type· By Plastic Additives |
| Region scope | Asia Pacific; Europe & CIS; North America; South America; Middle East & Africa |
| Country scope | China, India, Japan, South Korea, Australia, Singapore, Malaysia, France, Germany, United Kingdom, Italy, Spain, United States, Mexico, Canada, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Qatar |
| Key companies profiled | BASF SE, Exxon Mobil Corporation, The DOW Chemical Company, Akzo Nobel Nv, Covestro AG, Lanxess AG, Kaneka Corporation, PolyOne Corporation, Clariant AG, Solvay SA |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, the global automotive plastic additives market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Global Automotive Plastic Additives Market, By Vehicle Type:
- Passenger Cars
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Electric Vehicle
- Global Automotive Plastic Additive Market, By Automotive Application:
- Exterior Application
- Interior Application
- Under the Hood
- Electronics & Electrical
- Global Automotive Plastic Additive Market, By Plastic Type:
- Polypropylene
- Polyurethane
- Poly-Vinyl-Chloride
- Acrylonitrile Butadiene Styrene
- Global Automotive Plastic Additives Market, By Plastic Additives:
- Plasticizers
- Anti-Scratch
- Antioxidants
- Stabilizers
- Others
- Global Automotive Plastic Additive Market, by Region:
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Singapore
- Malaysia
- Europe & CIS
- France
- Germany
- United Kingdom
- Italy
- Spain
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
- Asia Pacific
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the global automotive plastic additive market.
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Product Overview
- Research Methodology
- Executive Summary
- Impact of COVID-19 on Global Automotive Plastic Additives Market
- Voice of Customer
5.1. Product Awareness
5.2. Brand Awareness
5.3. Product Pricing
5.4. Challenges & Unmet Needs
- Global Automotive Plastic Additive Market Overview
- Global Automotive Plastic Additive Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Automotive Application (Exterior Application, Interior Application, Under the Hood, and Electronics and Electrical)
7.2.2. By Vehicle Type (Passenger Cars, Light Commercial Vehicle (LCV), Heavy Commercial Vehicles and Electric Vehicle)
7.2.3. By Plastic Type (Polypropylene, Polyurethane, Poly-Vinyl-Chloride, and Acrylonitrile Butadiene Styrene)
7.2.4. By Plastic Additives (Plasticizers, Anti-Scratch, Antioxidants, Stabilizers, and Others)
7.2.5. By Region
7.3. Market Attractiveness Index
- Asia-Pacific Automotive Plastic Additive Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Plastic Type
8.2.3. By Plastic Additives
8.2.4. By Country
8.3. Market Attractiveness Index
8.4. Asia-Pacific: Country Analysis
8.4.1. China Automotive Plastic Additives Market Outlook
8.4.1.1. Market Size & Forecast
8.4.1.1.1. By Value & Volume
8.4.1.2. Market Share & Forecast
8.4.1.2.1. By Vehicle Type
8.4.1.2.2. By Plastic Type
8.4.1.3. Market Attractiveness Index
8.4.2. India Automotive Plastic Additive Market Outlook
8.4.2.1. Market Size & Forecast
8.4.2.1.1. By Value & Volume
8.4.2.2. Market Share & Forecast
8.4.2.2.1. By Vehicle Type
8.4.2.2.2. By Plastic Type
8.4.2.3. Market Attractiveness Index
8.4.3. Japan Automotive Plastic Additive Market Outlook
8.4.3.1. Market Size & Forecast
8.4.3.1.1. By Value & Volume
8.4.3.2. Market Share & Forecast
8.4.3.2.1. By Vehicle Type
8.4.3.2.2. By Plastic Type
8.4.3.3. Market Attractiveness Index
8.4.4. South Korea Automotive Plastic Additives Market Outlook
8.4.4.1. Market Size & Forecast
8.4.4.1.1. By Value & Volume
8.4.4.2. Market Share & Forecast
8.4.4.2.1. By Vehicle Type
8.4.4.2.2. By Plastic Type
8.4.4.3. Market Attractiveness Index
8.4.5. Australia Automotive Plastic Additive Market Outlook
8.4.5.1. Market Size & Forecast
8.4.5.1.1. By Value & Volume
8.4.5.2. Market Share & Forecast
8.4.5.2.1. By Vehicle Type
8.4.5.2.2. By Plastic Type
8.4.5.3. Market Attractiveness Index
8.4.6. Singapore Automotive Plastic Additives Market Outlook
8.4.6.1. Market Size & Forecast
8.4.6.1.1. By Value & Volume
8.4.6.2. Market Share & Forecast
8.4.6.2.1. By Vehicle Type
8.4.6.2.2. By Plastic Type
8.4.6.3. Market Attractiveness Index
8.4.7. Malaysia Automotive Plastic Additive Market Outlook
8.4.7.1. Market Size & Forecast
8.4.7.1.1. By Value & Volume
8.4.7.2. Market Share & Forecast
8.4.7.2.1. By Vehicle Type
8.4.7.2.2. By Plastic Type
8.4.7.3. Market Attractiveness Index
- Europe & CIS Automotive Plastic Additive Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Plastic Type
9.2.3. By Plastic Additives
9.2.4. By Country
9.3. Market Attractiveness Index
9.4. Europe: Country Analysis
9.4.1. France Automotive Plastic Additives Market Outlook
9.4.1.1. Market Size & Forecast
9.4.1.1.1. By Value & Volume
9.4.1.2. Market Share & Forecast
9.4.1.2.1. By Vehicle Type
9.4.1.2.2. By Plastic Type
9.4.1.3. Market Attractiveness Index
9.4.2. Germany Automotive Plastic Additives Market Outlook
9.4.2.1. Market Size & Forecast
9.4.2.1.1. By Value & Volume
9.4.2.2. Market Share & Forecast
9.4.2.2.1. By Vehicle Type
9.4.2.2.2. By Plastic Type
9.4.2.3. Market Attractiveness Index
9.4.3. United Kingdom Automotive Plastic Additives Market Outlook
9.4.3.1. Market Size & Forecast
9.4.3.1.1. By Value & Volume
9.4.3.2. Market Share & Forecast
9.4.3.2.1. By Vehicle Type
9.4.3.2.2. By Plastic Type
9.4.3.3. Market Attractiveness Index
9.4.4. Italy Automotive Plastic Additives Market Outlook
9.4.4.1. Market Size & Forecast
9.4.4.1.1. By Value & Volume
9.4.4.2. Market Share & Forecast
9.4.4.2.1. By Vehicle Type
9.4.4.2.2. By Plastic Type
9.4.4.3. Market Attractiveness Index
9.4.5. Spain Automotive Plastic Additive Market Outlook
9.4.5.1. Market Size & Forecast
9.4.5.1.1. By Value & Volume
9.4.5.2. Market Share & Forecast
9.4.5.2.1. By Vehicle Type
9.4.5.2.2. By Plastic Type