New York, NY -- (SBWIRE) -- 01/27/2021 -- Plastic is preferred over metal as it is light in weight. Other properties of plastic including high impact strength, flexibility, better aesthetics, and helps in reducing weights. Modern polymer plastics are used to make lightweight seats, sound control fabrics, headlights, and dash and door panels. Plastics account for only 5.8-10% of today's vehicle weight. The global automotive plastic market is estimated to grow at a CAGR of 11.1% and reach USD 75 billion by 2027 from USD 32.46 billion in 2019. Global Automotive Plastic Market Report 2020 by Types, Applications, Manufacturers, and Regions, Forecast to 2027 includes an analysis of the growth factors and the current business landscape across various regions.

The report includes the latest coverage of the impact of COVID-19 on the Automotive Plastic industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

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The report provides the manufacturers' revenue generated, growth rate, and profit margin through pictorial representation like graphs, tables, and charts. Recent developments in the sector, like mergers & acquisitions, new product/service launch, strategic alliances, and collaborations, among others, are also discussed. The product portfolio has also been studied in the report, with the Automotive Plastic market share occupied by leading products. The earnings from the application segments and sales estimates during the forecast duration are also provided in the report. Company profiling by evaluating key elements like financial standing, market position, product pipeline, and technological adoption are also discussed.

Market Drivers:
The automotive plastic market is boosting due to the increased use of automobiles, including personal cars, and rising population, and lightweight commercial vehicles. Many key leaders are investing in the automotive plastic market. Covestro AG, Compagnie Plastic Omnium, Adient plc, Magna International Inc., Lear Corporation, Evonik Industries AG, SABIC, Grupo Antolin-Irausa S.A., Teijin Ltd., Royal DSM N.V., Johnson Controls International PLC, Borealis AG, Momentive Performance Materials, The Dow Chemical Company are some of the key players driving the market growth.

Based on product Types, the market is segmented into Polypropylene, Polyurethane, Polyvinyl Chloride, ABS, other, Polyamide, HDPE, Polycarbonate, PBT, Others.

Based on end use/application, the market is segmented into Interior, Exterior, Electric component, Under Bonnet, Others

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Regional Landscape:
The Asia Pacific region is predicted to expand and reach USD 31.25 billion during the projection period mainly due to the ever-increasing population in the developing nations like India and China that has increased the overall vehicle usage in this region. China held the highest motor vehicle count in the world, followed by the United States.

Key highlights of the report:
Which companies are currently profiled in the report?
The players profiled in the report are Magna International Inc., Covestro AG, Borealis AG, Compagnie Plastic Omnium, Adient plc, Lear Corporation, Evonik Industries AG, SABIC, Grupo Antolin-Irausa S.A., Teijin Ltd., Royal DSM N.V., Johnson Controls International PLC, Momentive Performance Materials, and others.

Can the report include the profile of a new company as per client requirements?
Yes, we can add or profile new companies as per the needs of the client.

What all regional segmentation covered? Can a specific country of interest be added?
Yes. Currently, the research report covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Can the inclusion of additional Segmentation / Market breakdown be possible?
Yes, the inclusion of additional segmentation or Market breakdown is possible subject to data availability and difficulty of the survey. However, a detailed list of requirement needs to be shared with our analysts before giving the final confirmation to the client.

Report Customization:
The report can be customized according to client requirements to include particular segments or regions. The Automotive Plastic Market report delivers the latest economic scenario with the drivers, restraints, production capacity, demand and supply, market growth rate, and others. Additionally, the report also undertakes SWOT examination, speculation attainability investigation, and venture return investigation.

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Thank you for reading our report. For further details or to inquire about customization, please let us know and we will offer you the report as per your needs.

Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018 – 2026

Chapter 3. Indicative Metrics
3.1. Less consumption of fuel due to lightweight Vehicle
3.2. Increase in Global Population
3.3. Increase in Energy Consumption

Chapter 4. Automotive plastic market Segmentation & Impact Analysis
4.1. Automotive plastic market Segmentation Analysis
4.2. Automotive plastic market Value Chain Analysis, 2016-2026
4.3. Regulatory framework
4.4. Automotive plastic market Impact Analysis
4.4.1. Market driver analysis
4.4.1.1. Rising Population
4.4.1.2. Usage of Automobile
4.4.1.3. Increase in use of lightweight material
4.4.2. restraint analysis
4.4.2.1. government restrictions on plastic use
4.5. Key opportunities prioritized
4.6. Automotive plastic market Pricing Analysis
4.7. Industry analysis - Porter's
4.8. PESTEL Analysis

Chapter 5. Automotive plastic market Type Insights & Trends

Continued…

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