Automotive plastics are used in passenger cars to manufacture parts such as upholstery, bumpers, interior and exterior moldings, boards and seats. R&D on composite materials, polymers and reinforced plastics provide superior material quality, making it suitable for automobile interior and exterior components. The designer chooses this material very carefully to reduce the weight of the vehicle, meet the load requirements, and improve its durability. Plastics are widely favored by passenger cars due to their characteristics such as ease of lightweight, impact resistance and improved aesthetics compared to other conventional parts.
Europe automotive plastics market value and growth
The Europe automotive plastics market is driven by improved performance and is expected to develop with an average annual efficiency of 9.42% during the 2021-2026 forecast period to reach USD 1.9 billion.
The rise in per capita income has increased the need for automobiles, providing a favorable growth opportunity for the automotive plastics market in recent years. Europe is the land known for the production of cars, especially Germany. The rise in automobile production and the adoption of advanced technologies fuel the development in the automotive plastics in this area.
Europe Automotive plastics market Segmentation
Europe Automotive plastics market Drivers:
Demand for plastic in passenger cars is growing, and car manufacturers are mainly focused on light vehicles. This is expected to accelerate the European Automotive Plastics Market for the growth of passenger cars. Automotive plastics are widely used for a variety of purposes, such as design and the improvement of aesthetics and reduce carbon emissions. It further offers benefits like fuel efficiency, noise reduction and less vehicle vibration, and facilitates the configuration of a single body. This is expected to feed the Europe Automotive Plastics Market over the estimated period. Plastic parts in passenger cars reduce the weight of the vehicle, promoting growth in sales. The recovery in the automotive sector, improved vehicle design capabilities, reduced vehicle weight and increased interest in emission control are key factors that will accelerate the European Automotive Plastics Market growth.
Restraints
Plastics are widely used in auto parts due to their easy manufacturing, sourcing of renewable raw materials and improved design. However, process reengineering entails high capital and infrastructure costs, which limits the market expansion to some extent.
Europe Automotive plastics market Regional Analysis
In terms of geographic analysis, Europe automotive plastics industry is classified as the United Kingdom, Germany, France, Italy, Poland and Spain. Europe accounted for approximately 35% of the total revenue share in 2018. European car manufacturers are using high-performance plastics. These materials are energy efficient and help reduce the weight of the vehicle. Car manufacturers in European countries have switched from diesel engines to electric motors, owing to strict emission standards in this area. The demand for plastic products is therefore expected to increase in the coming years.
Key Players
The main players in the Europe Automotive Plastics Market are AkzoNobel N.V., Bayer Material Science AG, Lear Corporation, Grupo Antolin-Irausa S.A., BASF SE, Magna International Incorporated, Johnson Controls, Adient plc, Compagnie Plastic Omnium and Evonik Industries.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Plastics Market, By Type
6.1.1 Polypropylene
6.1.2 Polyurethanes
6.1.3 Polyvinyl Chloride
6.1.4 High Density Polyethylene (HDPE)
6.1.5 Acrylonitrile Butadiene Styrene (ABS)
6.1.6 Polycarbonate
6.1.7 Polymethyl Methacrylate
6.1.8 Polyamide
6.1.9 Polyethylene Terephthalate
6.1.10 Market Size Estimations & Forecasts (2019-2024)
6.1.11 Y-o-Y Growth Rate Analysis
6.1.12 Market Attractiveness Index
6.2 Automotive Plastics Market, By Application
6.2.1 Interior
6.2.2 Exterior
6.2.3 Under Bonnet
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Type
7.2.3 By Application
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Type
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Type
7.6.3 By Application
8. Key Player Analysis
8.1 AkzoNobel N.V.
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Bayer Material Science AG
8.3 Lear Corporation
8.4 BASF SE
8.5 Magna International Inc.
8.6 Johnson Controls
8.7 Evonik Industries
8.8 Adient plc
8.9 Grupo Antolin-Irausa S.A.
8.10 Compagnie Plastic Omnium
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
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