Global Automotive Plastic Market Size, Share, Opportunities, and Trends By Type (Polypropylene, Polyurethane, Poly-Vinyl-Chloride, Others), By Application (Interior, Exterior, Under Bonnet), By Vehicle Type (Passenger Cars, Commercial Vehicles), And By Geography – Forecasts From 2025 To 2030

Automotive Plastic Market Size:

The Automotive Plastic Market is expected to grow from US$36.839 billion in 2025 to US$49.150 billion in 2030, at a CAGR of 5.94%.

Automotive Plastic Market Trends:

The growth of this market has been showing a strong correlation with the growth of the global automotive industry. As the automotive industry continues to witness solid growth in many regions on account of rising disposable incomes and continuously changing lifestyles, it is shaping the growth of the global automotive plastic market. Increasing the production of cars and commercial vehicles is a major driving factor for this market. According to data from the International Organization of Motor Vehicle Manufacturers (OICA), total automotive production in 2007 was 73,266,061 and it showed impressive growth over the past decade to reach 97,302,534 in 2017. Clearly, this is an impressive leap of nearly 33% in ten years which came as a result of continuously increasing the efficiency of manufacturing processes and rising investments by the industry players into capacity expansion among many other factors. Increasing production of vehicles is driving with it the demand for plastic components, thus driving the growth of the automotive plastic market. Furthermore, continuous strategic investments in Research and Development have been at the forefront of many market players’ growth strategies. These investments are catalyzing innovation and accelerating the identification and development of new plastic materials with improved characteristics like high impact resistance, improved toughness, high flexibility, high resistance to solvents, and atmospheric conditions among others. This is increasing the popularity of these performance materials among automakers, thus boosting the market growth.

The demand for automotive plastics is witnessing a continuous rise as automakers continue to increase their focus on enhancing the fuel efficiency of vehicles. Various moves by many governments worldwide have also been in this direction. For instance, the Corporate Average Fuel Economy (CAFE) standards in the United States have been successful in nearly doubling the fuel efficiency of cars and trucks from what was 40 years ago. According to data from the U.S. Office of Energy Efficiency and Renewable Energy, the fuel efficiency of U.S.-built cars, manufactured in line with CAFÉ standards, increased from 20 mpg in 1978 to 36.5 mpg in 2014. For the same period, the fuel efficiency of cars operating pre-CAFE gas guzzlers, the fuel economy increased from 18 mpg to 34.1 mpg. Similarly, the fuel efficiency of U.S.-built light trucks, manufactured in line with CAFÉ standards, increased from 18.2 mpg in 1979 to 26.4 mpg in 2014, and for the same period, the fuel efficiency of light trucks operating pre-CAFE gas guzzlers, the fuel economy increased from 17.2 mpg to 26.3 mpg. Clearly, the government has been making efforts to increase the fuel efficiency of vehicles in order to reduce emissions from them which affect environmental health. Shifting to plastic for many of the components is one of the ways that the automakers have been adapting to move in this direction. Reduction in vehicle weight as a result of using plastic components has been showing an impressive reduction in fuel usage. This is increasing the demand for plastic in the automotive industry, thus augmenting the growth of this market.

Automotive Plastic Market Geographical Outlook:

Geographically, the global automotive plastic market is segmented as North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. North America and Europe accounted for a significantly large market share in 2017 owing to the increasing production of vehicles in these regions. Various automakers are shifting their production base to Mexico on account of cheap labor and the favorable business environment in this region. The Asia Pacific holds a leading position in this market and the market in this region is anticipated to show impressive growth over the forecast period. The growth of the market in this region will majorly be attributed to the rising production of autonomous cars in this region on account of increasing investments by many industry players into facility expansion in countries like China, India, and Japan.

Automotive Plastic Market Segmentations:

Automotive Plastic Market Segmentation by type

The market is analyzed by type into the following:

• Polypropylene (PP)
• Polyurethane (PUR)
• Poly-Vinyl-Chloride (PVC)
• Others

Automotive Plastic Market Segmentation by application

The market is analyzed by application into the following:

• Interior
• Exterior
• Under Bonnet

Automotive Plastic Market Segmentation by vehicle type

The market is analyzed by the vehicle type into the following:

• Passenger Cars
• Commercial Vehicles

Automotive Plastic Market Segmentation by regions:

The study also analyzed the automotive plastic in the following regions, with country-level forecasts and analysis as below:

• North America (US, Canada, and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, UK, France, Spain, and Others
• Middle East and Africa (Saudi Arabia, UAE, and Others)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

Automotive Plastic Market Competitive Landscape:

The automotive plastic market features key players such as BASF SE, The Dow Chemical Company, Lyondell Basell Industries Holdings B.V., Exxon Mobil Corporation, Formosa Plastics Corporation, LANXESS, Borouge, SABIC, LG Chem, Koller Craft, LLC., Hansen Plastics Corporation, and Universal Plastic Mold among others.

Automotive Plastic Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Market size, forecasts, and trends by different types, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas.
• Market size, forecasts, and trends by technology, with historical revenue data and analysis.
• Market size, forecasts, and trends by application, with historical revenue data and analysis across various segments.
• The global automotive plastic market is projected to grow significantly, driven by the increasing demand for lightweight materials to enhance fuel efficiency and reduce emissions. Innovations in polymer technology are enabling the development of high-performance plastics with enhanced strength, durability, and thermal resistance.
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents a complete market scenario with the help of Porter’s five forces model.
• Competitive Intelligence: A thorough investigation of the competitive structure of the market presented through a proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players, and recent major developments undertaken by the companies to gain a competitive edge.
• Research methodology: The assumptions and sources that were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure the most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented.

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Automotive Plastic Market Scope:

Report Metric	Details
Automotive Plastic Market Size in 2025	US$36.839 billion
Automotive Plastic Market Size in 2030	US$49.150 billion
Growth Rate	CAGR of 5.94%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Type Application Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Automotive Plastic Market	BASF SE The Dow Chemical Company LyondellBasell Industries Holdings B.V. Exxon Mobil Corporation Formosa Plastics Corporation
Customization Scope	Free report customization with purchase

 

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1. EXECUTIVE SUMMARY

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations

3.7. Strategic Recommendations

4. TECHNOLOGICAL OUTLOOK

5. AUTOMOTIVE PLASTIC MARKET BY TYPE

5.1. Introduction

5.2. Polypropylene (PP)

5.3. Polyurethane (PUR)

5.4. Poly-Vinyl-Chloride (PVC)

5.5. Others

6. AUTOMOTIVE PLASTIC MARKET BY APPLICATION

6.1. Introduction

6.2. Interior

6.3. Exterior

6.4. Under Bonnet

7. AUTOMOTIVE PLASTIC MARKET BY VEHICLE TYPE

7.1. Introduction

7.2. Passenger Cars

7.3. Commercial Vehicles

8. AUTOMOTIVE PLASTIC MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indosneisa

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. BASF SE

10.2. The Dow Chemical Company

10.3. Lyondell Basell Industries Holdings B.V.

10.4. Exxon Mobil Corporation

10.5. Formosa Plastics Corporation

10.6. LANXESS

10.7. Borouge

10.8. SABIC

10.9. LG Chem

10.10. Koller Craft, LLC.

10.11. Hansen Plastics Corporation

10.12. Universal Plastic Mold

11. APPENDIX

11.1. Currency

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology

11.6. Abbreviations 

BASF SE

The Dow Chemical Company

Lyondell Basell Industries Holdings B.V.

Exxon Mobil Corporation

Formosa Plastics Corporation

LANXESS

Borouge

SABIC

LG Chem

Koller Craft, LLC.

Hansen Plastics Corporation

 

Universal Plastic Mold