ASIA PACIFIC AUTOMOTIVE PLASTICS MARKET FORECAST 2019-2027

The plastics industry is very crucial for supporting the automotive industry. The automobile engineers are working to optimize other systems, integrating injection and blow-molded parts offering a better product without expensive assembly work. Plastics are also finding their way into the structural design of the cars, although they pose one of the greatest challenges to the automotive sector, i.e., in the case of recycling. The strict government standards on carbon emission, fuel efficiency and maintenance of vehicle weight are some of the requirements demanded by the consumer base of the Asia Pacific region, which are further propelling the regional market. The Asia Pacific automotive plastics market is progressing at 10.15% CAGR from 2019 to 2027.

The regional market of APAC had captured $XX million in the base year of 2018 and is expected to capture $XX million by the end of 2027. Continuous R&D in plastics coupled with advancement in automotive designs will profit the automotive industry profusely since the complex shapes of vehicle glasses can be achieved through plastics, instead of the resilient traditional glass. The regional market is characterized by a large amount of skilled labor at low costs, along with easy availability of land and resources, which will help the region to grow at the highest growth rate during the forecasting period.

The prominent market players operating in the Asia Pacific automotive plastics market are BASF SE, Sabic, KRD Sicherheitstechnik GmbH, Chi Mei Corporation, Sumitomo Chemical Co. Ltd., Magna International, Mitsubishi Chemical Corporation, AkzoNobel CV, Johnson Controls, Webasto SE, Engel Austria GmbH, Idemitsu Kosan Co., Ltd., Owens Corning Corporation, Lear Corporation, Teijin Ltd., Trinseo S.A., Dow Chemical Company, Royal DSM, Covestro AG, Evonik Industries and Renias Co., Ltd.

TABLE OF CONTENTS
  1. RESEARCH SCOPE
    1. STUDY GOALS
    2. SCOPE OF THE MARKET STUDY
    3. WHO WILL FIND THIS REPORT USEFUL?
    4. STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    1. SOURCES OF DATA
      1. SECONDARY DATA
      2. PRIMARY DATA
    2. TOP-DOWN APPROACH
    3. BOTTOM-UP APPROACH
    4. DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    1. MARKET SUMMARY
    2. KEY FINDINGS
      1. PVC IS THE FASTEST GROWING PRODUCT IN AUTOMOTIVE PLASTICS MARKET
      2. INTERIOR FURNISHING IS THE DOMINANT APPLICATION IN AUTOMOTIVE PLASTICS MARKET
  4. MARKET DYNAMICS
    1. MARKET DEFINITION & SCOPE
    2. MARKET DRIVERS
      1. STRICT CARBON EMISSION RULES & REGULATIONS DUE TO ENVIRONMENTAL CONCERNS
      2. RISING DEMAND FOR LIGHTWEIGHT VEHICLES
      3. INCREASING DEMAND FOR SUNROOFS IN CARS
      4. IMPROVEMENT IN RECYCLING PROCESS
      5. ABUNDANT RAW MATERIAL AVAILABILITY IN THE MIDDLE EAST COUNTRIES
      6. GROWTH IN AUTOMOTIVE SALES
    3. MARKET RESTRAINTS
      1. VOLATILITY IN RAW MATERIAL PRICES
      2. GROWING ENVIRONMENTAL CONCERNS
    4. MARKET OPPORTUNITIES
      1. ADVANCEMENT IN AUTOMOTIVE DESIGNS
      2. GROWING ELECTRIC VEHICLE MARKET
    5. MARKET CHALLENGES
      1. GEOPOLITICAL TURMOIL
  5. MARKET BY PRODUCT
    1. ABS (ACRYLONITRILE BUTADIENE STYRENE)
    2. PP (POLYPROPYLENE)
    3. PU (POLYURETHANE)
    4. PVC (POLYVINYL CHLORIDE)
    5. PE (POLYETHYLENE)
    6. PC (POLYCARBONATE)
    7. PMMA (POLYMETHYL METHACRYLATE)
    8. PA (POLYAMIDES)
    9. OTHER PRODUCTS
  6. MARKET BY APPLICATION
    1. POWERTRAIN
    2. ELECTRICAL COMPONENTS
    3. INTERIOR FURNISHINGS
    4. EXTERIOR FURNISHINGS
    5. UNDER THE HOOD COMPONENTS
    6. CHASSIS
  7. KEY ANALYTICS
    1. PORTER’S FIVE FORCE MODEL
      1. THREAT OF NEW ENTRANTS
      2. THREAT OF SUBSTITUTE
      3. BARGAINING POWER OF SUPPLIERS
      4. BARGAINING POWER OF BUYERS
      5. THREAT OF COMPETITIVE RIVALRY
    2. OPPORTUNITY MATRIX
    3. VENDOR LANDSCAPE
    4. VALUE CHAIN ANALYSIS
  8. GEOGRAPHICAL ANALYSIS
    1. ASIA PACIFIC
      1. INDIA
      2. CHINA
      3. JAPAN
      4. SOUTH KOREA
      5. AUSTRALIA
      6. REST OF ASIA PACIFIC (RoAPAC)
  9. COMPETITIVE LANDSCAPE
    1. COMPANY PROFILE
      1. CHI MEI CORPORATION
      2. IDEMITSU KOSAN CO., LTD.
      3. SABIC
      4. ENGEL AUSTRIA GMBH
      5. TEIJIN LTD.
      6. WEBASTO SE
      7. RENIAS CO., LTD.
      8. SUMITOMO CHEMICAL CO. LTD.
      9. TRINSEO S.A.
      10. MITSUBISHI CHEMICAL CORPORATION
      11. COVESTRO AG
      12. KRD SICHERHEITSTECHNIK GMBH
      13. BASF SE
      14. EVONIK INDUSTRIES
      15. DOW CHEMICAL COMPANY
      16. ROYAL DSM
      17. AKZONOBEL CV
      18. JOHNSON CONTROLS
      19. MAGNA INTERNATIONAL
      20. OWENS CORNING CORPORATION
      21. LEAR CORPORATION
LIST OF TABLES

TABLE 1 ASIA PACIFIC AUTOMOTIVE PLASTICS MARKET, BY COUNTRY, 2019-2027, (IN $ MILLION)

TABLE 2 ASIA PACIFIC AUTOMOTIVE PLASTICS MARKET, BY PRODUCT, 2019-2027, (IN $ MILLION)

TABLE 3 ASIA PACIFIC AUTOMOTIVE PLASTICS MARKET, BY APPLICATION, 2019-2027, (IN $ MILLION)

TABLE 4 OPPORTUNITY MATRIX

TABLE 5 VENDOR LANDSCAPE

TABLE 6 ASIA PACIFIC AUTOMOTIVE PLASTICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1 ASIA PACIFIC AUTOMOTIVE PLASTICS MARKET SHARE, BY APPLICATION 2018 & 2027 (%)

FIGURE 2 PVC MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 3 INTERIOR FURNISHINGS MARKET, 2019 – 2027 (IN $ MILLION)

FIGURE 4 PORTER’S FIVE FORCE MODEL

FIGURE 5 VALUE CHAIN ANALYSIS

FIGURE 6 ASIA PACIFIC AUTOMOTIVE PLASTICS MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)

FIGURE 7 INDIA AUTOMOTIVE PLASTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 8 CHINA AUTOMOTIVE PLASTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 9 JAPAN AUTOMOTIVE PLASTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 10 SOUTH KOREA AUTOMOTIVE PLASTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 11 AUSTRALIA AUTOMOTIVE PLASTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 12 REST OF ASIA PACIFIC AUTOMOTIVE PLASTICS MARKET, 2019-2027 (IN $ MILLION)

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