1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Plastic Market Trends
Automotive Plastics Market for Passenger Cars by Product Type, Application, Vehicle Type And Geography - Global Forecast to 2026

Automotive Plastics Market for Passenger Cars by Product Type, Application, Vehicle Type And Geography - Global Forecast to 2026

  • June 2021
  • 250 pages
  • ID: 3169899
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

The global automotive plastics market for passenger cars size cars is estimated at USD 21.1 billion in 2021 and is projected to reach USD 30.8 billion by 2026, at a CAGR of 7.9%. during the forecast period 2021 to 2026. The increasing demand for passengers cars owing to an increase in disposable income, changing lifestyles, and growing population in emerging economies are some of the drivers for the automotive plastics market for passenger cars to grow.

The under bonnet application segment is projected to grow at the highest CAGR during the forecast period.
Based on application, the under bonnet application is the fastest-growing segment of the automotive plastics market for passenger cars. with the increasing demand for passenger cars, the demand for plastic powertrain components such as housing and electric motor casing is likely to increase. Also, other factors responsible for the market growth include battery thermal management systems that require high-quality polymer casing and the deployment of lightweight components for electric motor. New plastic innovations in the electric powertrain such as adoption of polymer in the cooling concept of electric motor housing material are likely to result in the growth of advanced plastics used for under bonnet components.

The PU product type segment is the largest market in 2020
PU is the largest product type segment in the automotive plastics market for passenger cars.PU is a strong and light material that helps designers and manufacturers design seating and other components that can be assembled, disassembled, and recycled.

They are available in a wide range of stiffness, hardness, and densities, and are used in seats, steering wheels, automotive suspension bushings, carpet backing, seat overlays, head & armrests, airbag covers, acoustic insulations and insulation panels.Polyurethane is the most durable and can be recycled, thereby finding plenty of applications in automotive plastics for passenger cars.

Polyurethanes help in improving the quality, safety, and cost-effectiveness of modern cars. The developing economies of APAC, such as China and India, are driving the demand for polyurethanes owing to the increase in car production in these countries.

Asia Pacific is projected to grow the highest CAGR in the automotive plastics market for passenger cars during the forecast period.
Asia Pacific is the largest and fastest-growing market in the automotive plastics market for passenger cars.It is the largest market because of the increased use of plastics in the vehicles produced in China, Japan and India.

The vehicle production in these countries is growing at a rapid rate because of the presence of major automotive players such as Honda, Toyota, Hyundai, Maruti Suzuki and Nissan.Manufacturers such as BMW and Volkswagen have already set up manufacturing units in these countries.

In terms of geography, Asia has the highest sales of automotive, making it the largest market for plastic for passenger cars. Such factors are expected to fuel the growth of the automotive plastics market for passenger cars in the region.

Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
• By Designation: C-level Executives – 21%, Directors – 23%, and Others – 56%
• By Region: Asia Pacific – 41%, Europe – 30%, North America – 18%, and South America, Middle East & Africa - 11%,

Furthermore, as a part of the qualitative analysis of the automotive plastics market for passenger cars, the research provides a comprehensive review of drivers, restraints, opportunities, and challenges influencing the growth of the market across the globe. It also discusses competitive strategies adopted by the leading market players such as BASF SE (Germany), SABIC (Saudi Arabia), LyondellBasell Industries Holdings BV (Netherlands), LG Chem (South Korea), DuPont (US), Covestro AG (Germany), Evonik Industries AG (Germany), Solvay (Belgium), Arkema SA (France), Borealis AG (Austria), LANXESS (Germany), DSM (Netherlands), Toray Industries Inc. (Japan), Mitsui Chemicals (Japan), Celanese Corporation (US), Toyota Boshoku Corporation (Japan), Faurecia SA (France), TOYODA GOSEI Co., Ltd. (Japan), INEOS (UK) Sumitomo Chemicals Co. (Japan), Ltd., UBE Industries (Japan), Mitsubishi Engineering Plastics Corporation (Japan), Formosa Plastics Corporation (Taiwan), EMI Chemi Holdings (China), and Momentive Performance Materials (US), AGC Chemicals Americas Inc (US), Chevron Phillips Chemicals (US), BRASKEM (US), PTT Global Chemical (Thailand), Hanwha Chemical (Thailand), Stratasys (Israel), APPL Industries Ltd (India), KRAIBURG Holding GmbH & Co. Kg (Germany), Saint-Gobain Group (France), AG Industries Pvt Ltd (India) are the key players in the automotive plastics market.

Research Coverage:
The report defines, segments, and projects the size of the automotive plastics market for passenger cars based on product type, vehicle type, application, and region.It strategically profiles the key players and comprehensively analyzes their market share and core competencies.

It also tracks and analyzes competitive developments such as new product launches, joint ventures, acquisitions, partnerships and expansions undertaken by them in the market.

Key Benefits of Buying the Report:
The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the automotive plastics market for passenger cars and its segments.This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies.

It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Vietnam Plastics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • $ 3250
  • September 2021
  • 134 pages

The Vietnam plastics market is valued at 7,048.71 kilotons in 2020 and is projected to register a CAGR of over 10% during the forecast period (2021-2026). Owing to the COVID-19 impact in the first half ...

  • Vietnam
  • Plastic
  • Industry analysis
  • Plastic Production
  • Crude Oil Price


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on