NORTH AMERICA AUTOMOTIVE PLASTICS MARKET FORECAST 2019-2027

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 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. NORTH AMERICA
      1. UNITED STATES
      2. CANADA
  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 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)

LIST OF FIGURES

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)

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