|  | 市場調查報告書 商品編碼 1845755 全球汽車塑膠市場規模(按產品類型、應用、車輛類型、區域範圍和預測)Global Automotive Plastics Market Size By Product Type (Polypropylene, Polyurethane, Polyvinylchloride, Polyamide ), By Application, By Vehicle Type, By Geographic Scope And Forecast | ||||||
2024 年汽車塑膠市場規模為 212.7 億美元,預計到 2032 年將達到 366.1 億美元,2026 年至 2032 年的複合年成長率為 7.02%。
汽車塑膠市場是指涉及生產、銷售和分銷用於製造各種汽車零件的各種合成聚合物材料的全球產業。
這些塑膠包括聚丙烯 (PP)、聚氨酯 (PU)、聚氯乙烯(PVC) 和丙烯腈丁二烯苯乙烯 (ABS),並經過以下評估:
輕量化:與金屬和玻璃等傳統材料相比,它們輕得多,有助於減輕車輛整體重量,從而提高燃油經濟性並減少二氧化碳排放,這是嚴格的環境法規推動的市場驅動力。
多功能性和設計靈活性:塑膠可以輕鬆模製成複雜的形狀,從而實現創新且美觀的車輛內部和外部零件設計。
耐用性和性能:耐腐蝕、耐衝擊和耐熱性能有助於提高車輛的安全性、使用壽命和整體性能。
成本效益:塑膠的製造和加工通常比傳統材料更經濟。
在技術創新、消費者需求和日益成長的環境責任的推動下,汽車產業不斷發展。這一轉變的核心是快速成長的汽車塑膠市場。這些用途廣泛的材料不再只是傳統金屬的替代品,而是實現現代汽車關鍵性能標準的基礎。了解支撐這一市場成長的關鍵因素對於預測汽車製造業的未來至關重要。
為提高燃油經濟性並減少車輛排放氣體,對輕量材料的需求不斷成長:減輕車輛重量可能是汽車塑膠市場最重要的驅動力。隨著全球對氣候變遷和燃油價格波動的擔憂日益加劇,消費者和監管機構都在努力提高燃油經濟性並減少溫室氣體排放。塑膠比鋼和鋁具有更高的強度重量比,是絕佳的解決方案。透過用輕質塑膠替代品(從內裝和座椅結構到車身外板和引擎蓋組件)替換較重的零件,製造商可以顯著減輕車輛的整體重量。這種「減重」直接轉化為內燃機的消費量降低和電動車的續航里程延長,同時提高性能並最大限度地減少環境影響。對輕量化設計的持續追求可能會繼續推動汽車塑膠的創新和需求。
電動車 (EV) 的普及需要先進的輕量化零件:全球快速向電動車 (EV) 轉型為汽車塑膠創造了重要的新機會。與內燃機汽車相比,電動車從減重中受益匪淺。減輕的每一公斤重量都有助於延長電池續航里程。先進塑膠對於減輕電池機殼、結構部件甚至充電連接埠的重量至關重要,同時又不影響安全性或結構完整性。此外,電動車電池和電力電子設備具有獨特的溫度控管要求,通常需要同時提供隔熱和散熱功能的專用塑膠複合材料。隨著電動車產量呈指數級成長,對滿足電動動力傳動系統和電池系統特定需求的創新高性能塑膠的需求將猛增,從而鞏固了塑膠作為未來永續交通重要材料的地位。
新興經濟體汽車產銷成長:新興經濟體(尤其是亞太、拉丁美洲和非洲)汽車產銷擴張是汽車塑膠市場發展的強勁驅動力。隨著這些地區可支配所得的成長,個人出行需求也隨之成長。國內外汽車製造商紛紛在這些快速成長的市場建立製造地,以滿足日益成長的消費群。汽車產量的成長自然會帶動包括塑膠在內的所有汽車零件需求的成長。此外,隨著這些市場的成熟,消費者偏好功能先進、外觀精美且燃油經濟性卓越的汽車——這一趨勢在塑膠發揮關鍵作用的所有領域都顯而易見。這些人口和經濟變化確保了汽車塑膠持續顯著的成長軌跡,從而支撐著一個更大、更多元化的市場。
與金屬等傳統材料相比,塑膠具有更高的設計靈活性和耐用性:除了減輕重量外,現代塑膠固有的設計靈活性和卓越的耐用性也使其與金屬等傳統材料相比具有顯著優勢。塑膠可以相對輕鬆地模製、擠壓成型,並形成複雜精密的形狀,而且加工成本較低。擺脫了金屬加工的限制,汽車設計師擁有前所未有的創造性自由,能夠設計出創新的空氣動力學輪廓、符合人體工學的內飾佈局以及美觀的車身,而這些是金屬難以甚至無法實現的。
限制全球汽車塑膠市場的因素
儘管汽車塑膠市場成長迅速,但仍面臨來自經濟、環境和競爭等諸多因素的巨大阻力。這些挑戰迫使該行業不斷創新,並適應不斷變化的全球環境。
原油價格波動影響汽車塑膠的原料成本。原油價格是汽車塑膠市場的主要限制因素,因為它們是生產塑膠樹脂的主要原料。石腦油和乙烯等石油基衍生物是聚合物的基本組成部分,其成本受全球石油市場波動的影響極大。原油價格上漲會增加新塑膠(即原生塑膠)的生產成本,進而推高汽車零件的生產成本。這會對塑膠製造商的利潤率帶來壓力,進而擠壓汽車製造商的利潤率。相反,原油價格下跌會導致原生塑膠比再生塑膠更便宜,從而抑制製造商使用再生材料,並削弱永續性的努力。這種持續的波動對整個產業的供應鏈穩定性和長期財務規劃構成了重大挑戰。
對塑膠廢棄物及其有限生物分解性的擔憂:全球對塑膠廢棄物日益成長的擔憂是最大的限制之一。作為塑膠的主要消費產業,汽車產業因其對環境污染的貢獻而日益受到追責。塑膠因其輕量而備受青睞,但其耐用性和低生物分解性意味著在車輛報廢後,許多塑膠零件掩埋掩埋,並在那裡存放數百年。公眾和監管機構對減少塑膠污染的壓力促使汽車製造商尋求更永續的替代方案。這包括對生物基塑膠的研究和循環經濟模式的採用,但這些解決方案尚未普及,並且面臨經濟和技術障礙。
處理汽車塑膠廢棄物的成本高昂且技術挑戰重重:雖然回收是解決塑膠廢棄物問題的一個有希望的解決方案,但汽車塑膠回收再利用的實際情況卻複雜且成本高昂。與相對容易分離和熔化的金屬不同,現代汽車由多種類型的塑膠組成,這些塑膠通常用填充材增強或與其他材料粘合。拆卸汽車、按類型對這些塑膠進行分類,並將其加工成一致的高品質材料以供重複使用,這一過程在技術上具有挑戰性且成本高昂。對於許多零件而言,回收成本超過了回收材料的價值,因此在經濟上不可行。缺乏具有成本效益的回收基礎設施是一個主要障礙,導致大量廢棄汽車塑膠被掩埋或焚燒,而不是回收。
政府對塑膠使用和處置的嚴格監管:世界各國政府正在加強對塑膠使用和處置的監管,這對汽車塑膠市場產生了直接影響。這些監管規定包括強制提高回收率、禁止使用某些類型的塑膠,以及諸如「生產者延伸責任制」(EPR)等政策,該政策要求汽車製造商對其車輛的報廢管理負責。例如,一些地區推出了新的監管規定,要求製造商在新車生產中使用再生材料達到特定目標。雖然這些監管規定對環境有利,但也增加了汽車製造商及其供應商的合規負擔和生產成本。不合規行為可能導致巨額罰款,迫使汽車業大力投資新的回收技術或尋求替代材料。
來自鋁和碳纖維等替代輕質材料的競爭:塑膠並非減輕汽車重量的唯一解決方案。汽車塑膠市場面臨來自替代輕質材料的激烈競爭,主要是鋁和碳纖維。鋁在輕質和高強度之間實現了極佳的平衡,並且憑藉成熟的回收基礎設施,可廣泛回收。碳纖維雖然價格昂貴得多,但卻擁有無與倫比的強度重量比,使其成為高性能和豪華汽車的首選材料,因為這些汽車對成本的顧慮較少。隨著這些替代材料成本效益的提升和製造過程的日益成熟,它們對塑膠構成了嚴重威脅,尤其是在結構部件方面,塑膠可能難以達到相同的性能水平。
Automotive Plastics Market size was valued at USD 21.27 Billion in 2024 and is projected to reach USD 36.61 Billion by 2032, growing at a CAGR of 7.02% from 2026 to 2032.
The "Automotive Plastics Market" refers to the global industry involved in the production, sale, and distribution of a wide range of synthetic polymer materials specifically used in the manufacturing of various components for vehicles.
These plastics, which include types such as polypropylene (PP), polyurethane (PU), polyvinyl chloride (PVC), and acrylonitrile butadiene styrene (ABS), are valued for their:
Lightweight properties: They are significantly lighter than traditional materials like metal and glass, which helps to reduce the overall weight of a vehicle. This, in turn, improves fuel efficiency and reduces carbon emissions, a key driver for the market due to stringent environmental regulations.
Versatility and design flexibility: Plastics can be easily molded into complex shapes, allowing for innovative and aesthetic vehicle designs for both interior and exterior parts.
Durability and performance: They offer properties like resistance to corrosion, impact, and heat, contributing to the safety, longevity, and overall performance of the vehicle.
Cost effectiveness: In many cases, plastics are more economical to produce and process compared to traditional materials.
The automotive industry is in a constant state of evolution, driven by innovation, consumer demand, and increasingly, environmental responsibility. At the heart of much of this transformation is the burgeoning Automotive Plastics Market. These versatile materials are no longer just an alternative to traditional metals; they are fundamental to achieving critical performance benchmarks in modern vehicles. Understanding the key drivers behind this market's growth is essential for anyone looking to navigate the future of automotive manufacturing.
Rising Demand for Lightweight Materials to Improve Fuel Efficiency and Reduce Vehicle Emissions: The imperative to make vehicles lighter is perhaps the most significant catalyst for the Automotive Plastics Market. As global concerns about climate change intensify and fuel prices fluctuate, both consumers and regulators are pushing for greater fuel efficiency and reduced greenhouse gas emissions. Plastics, with their superior strength to weight ratio compared to steel or aluminum, offer an elegant solution. By replacing heavier components with lightweight plastic alternatives from interior trim and seating structures to exterior body panels and under the hood parts manufacturers can significantly reduce a vehicle's overall mass. This "lightweighting" directly translates into lower fuel consumption for internal combustion engines and extended range for electric vehicles, simultaneously enhancing performance and minimizing environmental impact. The ongoing pursuit of ever lighter designs will continue to fuel innovation and demand within the automotive plastics sector.
Increasing Adoption of Electric Vehicles (EVs) Requiring Advanced Lightweight Components: The rapid global transition towards electric vehicles (EVs) presents another monumental opportunity for automotive plastics. EVs, perhaps even more so than their internal combustion counterparts, benefit immensely from lightweighting. Every kilogram saved contributes to improving battery range, which remains a primary concern for potential EV buyers. Advanced plastics are crucial for reducing the weight of battery housings, structural components, and even charging port designs, without compromising safety or structural integrity. Furthermore, the unique thermal management requirements of EV batteries and power electronics often necessitate specialized plastic composites that offer both insulation and heat dissipation properties. As EV production scales up exponentially, the demand for innovative, high performance plastics tailored to the specific needs of electric powertrains and battery systems will surge, solidifying plastics' role as an indispensable material in the future of sustainable mobility.
Growth in Automotive Production and Sales Across Emerging Economies: The expanding automotive production and sales in emerging economies, particularly in regions like Asia Pacific, Latin America, and Africa, act as a powerful engine for the Automotive Plastics Market. As disposable incomes rise in these regions, so does the demand for personal transportation. Local and international automakers are establishing manufacturing hubs in these burgeoning markets to cater to the growing consumer base. This increased volume of vehicle production naturally translates into a higher demand for all automotive components, including plastics. Furthermore, as these markets mature, there is a growing consumer preference for vehicles that offer advanced features, better aesthetics, and improved fuel efficiency all areas where plastics play a crucial role. This demographic and economic shift ensures a sustained and significant growth trajectory for automotive plastics, supporting massive scale and diversification in the market.
Enhanced Design Flexibility and Durability of Plastics Compared to Conventional Materials Like Metals: Beyond weight savings, the inherent design flexibility and remarkable durability of modern plastics provide a compelling advantage over traditional materials such as metals. Plastics can be molded, extruded, and formed into intricate shapes and complex geometries with relative ease and at lower processing costs. This liberation from the constraints of metal fabrication allows automotive designers unprecedented creative freedom, enabling innovative aerodynamic profiles, ergonomic interior layouts, and aesthetically pleasing bodywork that would be difficult or impossible to achieve with metal.
Global Automotive Plastics Market Restraints
The Automotive Plastics Market, despite its rapid growth, faces significant headwinds from economic, environmental, and competitive factors. These restraints challenge the industry to innovate and adapt to a changing global landscape.
Fluctuating Crude Oil Prices Affecting the Cost of Raw Materials for Automotive Plastics: The price of crude oil is a major restraint on the Automotive Plastics Market because it is the primary feedstock for producing plastic resins. The cost of petroleum based derivatives like naphtha and ethylene, which are fundamental building blocks for polymers, is highly sensitive to the volatility of global oil markets. When crude oil prices rise, the cost of manufacturing new, or virgin, plastics increases, which can lead to higher production costs for automotive components. This can squeeze profit margins for plastics manufacturers and, in turn, for automakers. Conversely, when oil prices fall, it can make virgin plastic cheaper than recycled plastic, disincentivizing manufacturers from using recycled materials and undermining sustainability efforts. This constant fluctuation creates a significant challenge for supply chain stability and long term financial planning across the entire industry.
Environmental Concerns Regarding Plastic Waste and its Limited Biodegradability: One of the most significant restraints is the growing global concern over plastic waste. The automotive industry, as a major consumer of plastics, is under increasing scrutiny for its contribution to environmental pollution. While plastics are lauded for their lightweight properties, their durability and limited biodegradability mean that at the end of a vehicle's life, many plastic components end up in landfills, where they can persist for centuries. The public and regulatory pressure to reduce plastic pollution is pushing automakers to seek more sustainable alternatives. This includes exploring bio based plastics and implementing circular economy models, but these solutions are not yet widespread and face their own set of economic and technical hurdles.
High Recycling Costs and Technical Challenges in Processing Automotive Plastic Waste: While recycling offers a promising solution to the plastic waste problem, the reality of automotive plastic recycling is complex and costly. Unlike metal, which is relatively easy to separate and melt down, a modern car contains a complex mix of many different types of plastics, often reinforced with fillers or bonded with other materials. The process of disassembling a vehicle, sorting these plastics by type, and then processing them into a consistent, high quality material for reuse is both technically challenging and expensive. For many components, the cost of recycling exceeds the value of the recovered material, making it economically unfeasible. This lack of a cost effective recycling infrastructure is a major barrier, leading to a significant amount of end of life vehicle plastics being landfilled or incinerated instead of recycled.
Stringent Government Regulations on Plastic Usage and Disposal: Governments worldwide are implementing stricter regulations on plastic use and disposal, which directly impact the Automotive Plastics Market. These regulations include mandates for higher recycling rates, bans on certain types of plastics, and policies like Extended Producer Responsibility (EPR), which holds automakers accountable for the end of life management of their vehicles. For instance, in some regions, new rules require manufacturers to meet specific targets for using recycled materials in new car production. While these regulations are a positive step for the environment, they add to the compliance burden and production costs for automakers and their suppliers. Failure to comply can result in substantial fines, pushing the industry to either invest heavily in new recycling technologies or explore alternative materials.
Competition from Alternative Lightweight Materials such as Aluminum and Carbon Fiber: Plastics are not the only solution for making vehicles lighter. The Automotive Plastics Market faces stiff competition from alternative lightweight materials, primarily aluminum and carbon fiber. Aluminum offers a good balance of low weight, high strength, and is widely recyclable, with a well established recycling infrastructure. While carbon fiber is significantly more expensive, it provides an unparalleled strength to weight ratio, making it the material of choice for high performance and luxury vehicles where cost is less of a concern. As these alternative materials become more cost effective and their manufacturing processes mature, they pose a serious threat to plastics, particularly in structural components where plastics may struggle to meet the same level of performance.
The Global Automotive Plastics Market is segmented on the basis of Product Type, Application, Vehicle Type, And Geography.
Polypropylene (PP)
Polyurethane (PU)
Polyvinylchloride (PVC)
Polyamide (PA)
Based on Product Type, the Automotive Plastics Market is segmented into Polypropylene (PP), Polyurethane (PU), Polyvinylchloride (PVC), and Polyamide (PA). At VMR, we observe that Polypropylene (PP) is the dominant subsegment, holding a significant majority of the market share, often exceeding 30%. Its dominance is driven by a powerful combination of factors: its cost effectiveness, exceptional versatility, and lightweight properties. Automakers are aggressively adopting PP to meet stringent government regulations on fuel efficiency and emissions, as its low density directly contributes to vehicle lightweighting. This trend is particularly strong in the Asia Pacific region, which is the global leader in automotive production and has a high demand for cost efficient materials in its rapidly expanding passenger and electric vehicle (EV) markets. PP's excellent mechanical properties, including high stiffness, chemical resistance, and ease of moldability, make it the material of choice for a wide range of components, from bumpers and instrument panels to interior door trims and battery casings.
Following PP, Polyurethane (PU) emerges as the second most dominant subsegment, valued for its superior cushioning and insulation properties. PU's growth is primarily fueled by the increasing demand for enhanced vehicle comfort, safety, and acoustic performance. It is a key material in interior furnishings, such as seating, headrests, and dashboards, contributing to both aesthetic appeal and crash protection. The rise of EVs also boosts demand for PU foam in applications requiring thermal and acoustic management. The remaining subsegments, including Polyvinylchloride (PVC) and Polyamide (PA), play a supporting yet crucial role in the market. While PVC is used for its durability and weather resistance in interior panels and wire insulation, PA is a high performance engineering plastic valued for its strength, heat resistance, and durability in under the hood applications like engine covers and manifolds, with high future potential as vehicles become more complex.
Interior Furnishing
Exterior Furnishing
Based on Application, the Automotive Plastics Market is segmented into Interior Furnishing, Exterior Furnishing. At VMR, we observe that Interior Furnishing is the dominant application subsegment, holding a substantial market share, often cited at over 40% globally. This dominance is driven by a confluence of evolving consumer demands and technological advancements within the automotive industry. Modern consumers place a high value on a vehicle's interior experience, demanding enhanced comfort, aesthetics, and sophisticated features such as digital cockpits and advanced infotainment systems. Plastics are the material of choice for dashboards, door panels, seating components, and consoles due to their unmatched design flexibility, allowing for complex geometries and ergonomic forms that are both lightweight and durable. Furthermore, plastics contribute significantly to noise, vibration, and harshness (NVH) reduction, a key factor in improving the in cabin experience. The robust growth of passenger vehicle sales in the Asia Pacific region, coupled with the increasing integration of electronics and digital screens in vehicles, further solidifies the dominance of this segment. Following interior furnishings,
Exterior Furnishing is the second most dominant subsegment, with a strong market position driven primarily by the critical need for vehicle lightweighting and improved aerodynamics. The use of plastics for exterior components like bumpers, grilles, fenders, and side mirrors is crucial for meeting stringent fuel efficiency and emission regulations worldwide. These applications leverage plastics for their high impact resistance and corrosion proof nature, which enhances vehicle safety and longevity. The remaining subsegments, such as Under the Hood and Chassis applications, while smaller in market share, are vital for niche, high performance applications. For example, plastics are increasingly used in engine covers, manifolds, and fuel lines for their excellent thermal stability and chemical resistance, supporting the ongoing shift to advanced powertrain technologies.
Passenger Cars
Light Commercial Vehicles
Based on Vehicle Type, the Automotive Plastics Market is segmented into Passenger Cars, Light Commercial Vehicles. At VMR, we observe that Passenger Cars is the overwhelmingly dominant subsegment, accounting for the largest share of the market's revenue and volume. This dominance is driven by several key factors. Firstly, the global production and sales volume of passenger cars significantly dwarf that of all other vehicle types combined, creating a massive end user base for plastic components. The accelerating shift towards electric vehicles (EVs) within the passenger car segment is a primary growth driver, as plastics are critical for lightweighting to extend battery range and improve energy efficiency. For example, plastics are extensively used in EV battery housings, interior systems, and exterior body panels to shed weight. Furthermore, a rising middle class and increasing urbanization in key regions like Asia Pacific, particularly in China and India, have fueled an unprecedented surge in passenger car ownership, directly translating into higher demand for automotive plastics. This segment also benefits from consumer trends demanding enhanced vehicle comfort, safety, and infotainment features, all of which heavily rely on plastic materials.
The second most dominant subsegment is Light Commercial Vehicles (LCVs). This segment includes vans and small trucks, which are seeing significant growth due to the booming e commerce and logistics industries. As last mile delivery and urban logistics become more critical, LCVs are increasingly being designed with lightweight plastic components to improve fuel efficiency and payload capacity. The remaining subsegments, while smaller, are vital for niche applications, such as heavy commercial vehicles and two wheelers, where plastics are adopted to reduce weight and enhance durability.
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
The global Automotive Plastics Market is a dynamic and geographically diverse industry, with its growth and trends varying significantly across different regions. This geographical analysis provides a detailed look into the key market dynamics, drivers, and trends in major regions, highlighting the unique factors shaping their respective automotive plastics landscapes.
United States Automotive Plastics Market
The United States Automotive Plastics Market is characterized by a strong emphasis on lightweighting, driven by a combination of stringent environmental regulations and consumer demand for fuel efficient vehicles. The government's Corporate Average Average Economy (CAFE) standards compel automakers to reduce vehicle weight to improve fuel efficiency and lower emissions, making plastics an ideal material. The market is also heavily influenced by the accelerating shift towards electric vehicles (EVs), with major automakers investing billions in EV and autonomous vehicle (AV) production. This trend boosts the demand for advanced, high performance plastics for use in battery housings, interior components, and other parts where weight reduction is crucial for maximizing range. Key trends include the increasing use of sustainable and recycled polymers and a focus on innovative material formulations to meet evolving performance and aesthetic requirements.
Europe Automotive Plastics Market
Europe's Automotive Plastics Market is a hub of innovation, primarily driven by strict European Union regulations on vehicle emissions and the region's strong push for electrification. The European automotive industry, a major consumer of plastics, is actively replacing traditional materials with lightweight polymers to meet ambitious CO2 reduction targets. The market is also heavily influenced by the development of sustainable materials and a circular economy approach, with a growing focus on the recyclability of automotive components. Europe's leadership in passenger car production, coupled with a high demand for premium and technologically advanced vehicles, has created a strong market for high performance engineering plastics used in complex applications like under the hood systems, advanced driver assistance systems (ADAS), and interior aesthetics. Germany, as the largest automotive market in Europe, plays a particularly dominant role in shaping these trends.
Asia Pacific Automotive Plastics Market
The Asia Pacific region is the largest and fastest growing market for automotive plastics globally. This dominance is fueled by a massive and expanding automotive manufacturing base, particularly in countries like China, India, and Japan. The region's market dynamics are driven by a confluence of factors, including rising disposable incomes, rapid urbanization, and a burgeoning middle class that is fueling new vehicle sales. Additionally, Asia Pacific is at the forefront of the global electric vehicle revolution, with China being the undisputed leader in both EV production and sales. This has created a monumental demand for lightweight plastic components for EV batteries, chassis, and interiors. The region also benefits from a competitive manufacturing landscape with low cost labor and abundant raw material availability, which makes it a major producer and exporter of automotive components.
Latin America Automotive Plastics Market
The Automotive Plastics Market in Latin America is marked by steady growth, primarily driven by increasing vehicle production and sales in key countries like Brazil and Mexico. The region's market dynamics are closely tied to its economic conditions, with growth in disposable income and ongoing infrastructure development spurring demand for vehicles. The focus here is on a balance between cost effectiveness and performance, making materials like polypropylene (PP) a dominant choice for various automotive applications. While the market is not as advanced in terms of electric vehicle adoption as other regions, there is a gradual shift towards more fuel efficient and environmentally friendly vehicle models, which is expected to progressively increase the demand for lightweight plastic materials.
Middle East & Africa Automotive Plastics Market
The Middle East & Africa (MEA) Automotive Plastics Market is a developing region with significant potential. Its growth is primarily driven by increasing domestic manufacturing activities and industrialization, particularly in oil rich nations that are diversifying their economies. The market is also seeing a surge in demand for high performance plastics due to the gradual but steady adoption of electric vehicles in the region. The volatility of crude oil prices, which is a major factor in the MEA's broader economy, also affects the cost of plastic raw materials. However, as countries in the region focus on building their own automotive ecosystems and reducing their reliance on imports, the demand for automotive plastics is expected to rise, particularly for parts that contribute to better fuel efficiency and thermal management in challenging climates.
The "Global Automotive Plastics Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are BASF SE, Dow Inc., Covestro AG, LyondellBasell Industries Holdings B.V., SABIC, DuPont de Nemours Inc., LANXESS AG, Mitsubishi Chemical Corporation, Sumitomo Chemical Co. Ltd., Solvay S.A., Evonik Industries AG, Teijin Limited, Asahi Kasei Corporation, Arkema S.A., Celanese Corporation, DSM Engineering Plastics, Toray Industries Inc., RTP Company, Borealis AG, LG Chem Ltd.
