Asia Pacific automotive plastics market overview:
Plastics undergo five different stages such as sorting, washing, shredding, identification & classification, and extruding into the final component or product, during the procedure of recycling. Improvements in recycling procedures have forced manufacturers to use high-performance products.
RECENT DEVELOPMENTS:
New technology materials for vehicle interior and body were introduced by BASF SE in September 2017.
MARKET VALUE AND EXPECTED GROWTH:
The Asia Pacific automotive plastics market is progressing at 10.15% CAGR from 2019 to 2024. It is currently at 11.2 Billion USD in 2019 and expected to reach a valuation of 25 Billion USD in 2024.
GEOGRAPHICAL ANALYSIS:
The market demand for automotive plastics based on a pan PVC may experience profits of more than 9.5 percent over the forecast period. These products are used in different apps such as sitting door panels, dashboard, armrest and interior components. Moreover, these products act as a sealant and protect underbody parts from humidity, which is likely to boost industry growth.
In 2019, India's market for automotive plastics based on polycarbonates was valued at over USD 20 million. Because of their outstanding climate and UV resistance, these products are widely used in safety displays, aircraft boards, bumpers, spectacle lenses and headlamp lenses that can boost market growth
Indonesia's market size for automotive materials from energy rail apps may demonstrate significant increases in the prediction era, reaching 12 percent. These materials decrease the number of components required to construct complicated parts and are progressively used to produce sealing seals, engine petroleum pans, air intake manifolds, air ducts, and suction tubes
MARKET DRIVERS, RESTRAINTS AND OPPORTUNITIES:
Significant factors which have helped drive the Asia Pacific Automotive Plastics Market forward are-
The factors holding the Asia Pacific Automotive Plastics Market back include-
MARKET SEGMENTATION
KEY MARKET PLAYERS:
The major shareholders of the Automotive Plastics Market are Adient plc (Ireland), Covestro AG (Germany), SABIC (Saudi Arabia), Magna International Inc. (Canada), Compagnie Plastic Omnium (France) Evonik Industries AG (Germany), BASF SE (Germany), Borealis AG (Austria), Grupo Antolin-Irausa S.A., Lear Corporation (US).. These companies are constantly competing
RESEARCH METHODOLOGY:
The research done takes place in two phases namely-
Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Polypropylene
5.1.3 Polyurethane
5.1.4 Polyvinyl Chloride
5.1.5 ABS
5.1.6 Polyamide
5.1.7 HDPE
5.1.8 Polycarbonate
5.1.9 PBT
5.1.10 Y-o-Y Growth Analysis, By Type
5.1.11 Market Attractiveness Analysis, By Type
5.1.12 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Interior
5.2.3 Exterior
5.2.4 Under the Bonet
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.4 Market Attractiveness Analysis
6.1.5 Market Share Analysis
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 BASF SE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Adient Plc
8.3 Covestro AG
8.4 SABIC
8.5 Magna International Inc
8.6 Compagnie Plastic Omnium
8.7 Evonik Industries
8.8 Borealis AG
8.9 Grupo Antolin-Irausa SA
8.10 Lear Corporation
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
