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
- Published : May 2025
- Report Code : KSI061611569
- Pages : 144
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 |
|
Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
List of Major Companies in the Automotive Plastic Market |
|
Customization Scope | Free report customization with purchase |
Frequently Asked Questions (FAQs)
The automotive plastic market is expected to reach a total market size of US$49.150 billion by 2030.
Automotive Plastic Market is valued at US$36.839 billion in 2025.
The automotive plastic market is expected to grow at a CAGR of 5.94% during the forecast period.
The North American region is anticipated to hold a significant share of the automotive plastic market.
Increasing the production of cars and commercial vehicles is a major driving factor for the automotive plastic market.
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
10.2. 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
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