The automotive industry continues to be a crucial end-user market for plastics processors of all types for under-the-hood, body and interior applications. The market players have turned to plastics to cut the vehicle weight while also reducing cost and improving safety & performance, etc., but it requires never-ending research and improvement. All these factors are influencing the market growth in North America turning this regional market to be one of the largest automobile manufacturers worldwide. The automotive plastic market is developing at a CAGR of 9.18% during the forecasting years of 2019-2027 in the North American region.
The economies of the countries of the United States and Canada are the major contributor to the market growth in North America. Increasing integration of in-car entertainment and communication systems, engine electronics, advanced safety, and driver assistance systems is driving the growth in the North American automotive plastics market. These plastics assists in cost-saving part consolidation and facilitate modular assembly practices for reduced production costs.
The major market players that are eminently proliferating in the North American region are Evonik Industries, Sabic, Webasto SE, AkzoNobel CV, Engel Austria GmbH, Owens Corning Corporation, Trinseo S.A., KRD Sicherheitstechnik GmbH, Johnson Controls, Lear Corporation, Sumitomo Chemical Co. Ltd., BASF SE, Magna International, Royal DSM, Renias Co., Ltd., Chi Mei Corporation, Idemitsu Kosan Co., Ltd., Covestro AG, Mitsubishi Chemical Corporation, Teijin Ltd. and Dow Chemical Company.
TABLE 1 NORTH AMERICA AUTOMOTIVE PLASTICS MARKET, BY COUNTRY, 2019-2027, (IN $ MILLION)
TABLE 2 NORTH AMERICA AUTOMOTIVE PLASTICS MARKET, BY PRODUCT, 2019-2027, (IN $ MILLION)
TABLE 3 NORTH AMERICA AUTOMOTIVE PLASTICS MARKET, BY APPLICATION, 2019-2027, (IN $ MILLION)
TABLE 4 OPPORTUNITY MATRIX
TABLE 5 VENDOR LANDSCAPE
TABLE 6 NORTH AMERICA AUTOMOTIVE PLASTICS MARKET, BY COUNTRY, 2019-2027, (IN $ MILLION)
FIGURE 1 NORTH AMERICA 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 NORTH AMERICA AUTOMOTIVE PLASTICS MARKET, REGIONAL OUTLOOK, 2018 & 2027, (%)
FIGURE 7 UNITED STATES AUTOMOTIVE PLASTICS MARKET, 2019-2027, (IN $ MILLION)
FIGURE 8 CANADA AUTOMOTIVE PLASTICS MARKET, 2019-2027 (IN $ MILLION)