Pulished Date October, 2019
ID: 8765
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Asia Pacific Automotive Plastics Market by Type (Polypropylene, Polyurethane, Polyvinyl Chloride, ABS, Polyamide, HDPE, Polycarbonate, PBT), Application (Interior, Exterior, Under Bonnet) And By Country - Industry Analysis, Size, Share, Growth, Trends, And Forecast (2019-2024)

Pulished: October, 2019
ID: 8765
Pages: 145

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-

  • Regeneration in the automobile industry
  • Improved capacity of car layout
  • Increasing concentration on the decrease of car weight and emissions
  • Due to various aspects, plastics are widely used in automotive components and parts. 

The factors holding the Asia Pacific Automotive Plastics Market back include-

  • The need for protecting non-renewable raw materials such as natural gas and petroleum, together with energy-intensive manufacturing methods
  • The absence of standardization of products
  • The rigorous carbon emission requirements

 

  • With the existence of a big amount of industry participants, significant investments in R&D operations to create new plastic parts and an extremely divided market render the competitive pressure forcefully. Fluctuating raw material prices adversely affect the general manufacturing costs incurred by automotive products producers. High investment expenses incurred while replacing metallic components with automotive plastics, which will further limit the expansion.

 

MARKET SEGMENTATION

  1. Asia Pacific Automotive Plastics Market by Type
  • Polypropylene
  • Polyurethane
  • Polyvinyl Chloride
  • ABS
  • Polyamide
  • HDPE
  • Polycarbonate
  • PBT
  1. Asia Pacific Automotive Plastics Market by Application
  • Interior
  • Exterior
  • Under Bonnet
  1. Asia Pacific Automotive Plastics Market by Country
  • India
  • China
  • Japan
  • South Korea
  • Australia
  • South East Asia
  • Rest of APAC
  • Of the available types, the polypropylene segment is anticipated to guide the industry in terms of revenue during the forecast period. This segment's development can be ascribed to the small price of polypropylene and its excellent mechanical quality and moldability. On the other side, the polyamide section is expected to record the most significant CAGR over the projected period due to enhanced use of polyamide in passenger vehicles, such as engine covers, airbag containers and multiple electronic components.
  • The internal segment, followed by the external section, accounted for the highest market share in 2017. In the interior implementation, the use of plastics is much higher than in other apps. Plastics are used for excellent ground finishing as well as for aesthetic attraction and scratch strength in multiple interior parts, such as tool boards, door boards and columns. However, the section under the cap implementation is expected to expand in terms of value at the lowest CAGR during the forecast period.

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              

  • Global ,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of market by type, by material , by application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia Pacific Automotive Plastics Market Market By Type, From 2019-2024 ( USD Billion )
  2. Asia Pacific Polypropylene Market By Region, From 2019-2024 ( USD Billion )
  3. Asia Pacific Polyurethane Market By Region, From 2019-2024 ( USD Billion )
  4. Asia Pacific Polyvinyl Chloride Market By Region, From 2019-2024 ( USD Billion )
  5. Asia Pacific ABS Market By Region, From 2019-2024 ( USD Billion )
  6. Asia Pacific Polyamide Market By Region, From 2019-2024 ( USD Billion )
  7. Asia Pacific HDPE Market By Region, From 2019-2024 ( USD Billion )
  8. Asia Pacific Polycarbonate Market By Region, From 2019-2024 ( USD Billion )
  9. Asia Pacific PBT Market By Region, From 2019-2024 ( USD Billion )
  10. Asia Pacific Automotive Plastics Market Market By Application, From 2019-2024 ( USD Billion )
  11. Asia Pacific Interior Market By Region, From 2019-2024 ( USD Billion )
  12. Asia Pacific Exterior Market By Region, From 2019-2024 ( USD Billion )
  13. Asia Pacific Under Bonnet Market By Region, From 2019-2024 ( USD Billion )
  14. Japan Automotive Plastics Market Market By Type, From 2019-2024 ( USD Billion )
  15. Japan Automotive Plastics Market Market By Application, From 2019-2024 ( USD Billion )
  16. China Automotive Plastics Market Market By Type, From 2019-2024 ( USD Billion )
  17. China Automotive Plastics Market Market By Application, From 2019-2024 ( USD Billion )
  18. India Automotive Plastics Market Market By Type, From 2019-2024 ( USD Billion )
  19. India Automotive Plastics Market Market By Application, From 2019-2024 ( USD Billion )
  20. Australia Automotive Plastics Market Market By Type, From 2019-2024 ( USD Billion )
  21. Australia Automotive Plastics Market Market By Application, From 2019-2024 ( USD Billion )
  22. South Korea Automotive Plastics Market Market By Type, From 2019-2024 ( USD Billion )
  23. South Korea Automotive Plastics Market Market By Application, From 2019-2024 ( USD Billion )

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