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Global Plastics Market for Passenger Cars Industry 2017-2021

Global Plastics Market for Passenger Cars Industry 2017-2021

About Plastics Market for Passenger Cars Industry

Plastics refer to materials that are used as raw materials in different industries such as packaging, automobile, aerospace industry, textile, consumer goods, electronics, and others. These plastics can be molded or shaped into a range of solid objects or flexible sheets by altering the amount of plasticizer used. The use of plastics in passenger cars is increasing due to the growing need to reduce the weight of the vehicles. This, in turn, improves the efficiency of the vehicle in terms of fuel consumption and emissions.

Technavio’s analysts forecast the global plastics market for passenger cars industry to grow at a CAGR of 9.37% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global plastics market for passenger cars industry for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Plastics Market for Passenger Cars Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • Borealis
  • Covestro
  • LANXESS
  • Royal DSM
Other prominent vendors
  • Clariant
  • FOMPAK
  • HÜBNER
  • INEOS Styrolution
  • Radici Partecipazioni
  • SABIC
  • Tata AutoComp Systems
  • Trinseo
Market driver
  • Growth in lightweight materials for automotive industry
  • For a full, detailed list, view our report
Market challenge
  • Joining dissimilar materials poses a challenge
  • For a full, detailed list, view our report
Market trend
  • Emergence of bioplastics
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Plastics Market for Passenger Cars Industry 2017-2021

Technavio recognizes the following companies as the key players in the global plastics market for passenger cars industry: BASF, Borealis, Covestro, LANXESS, and Royal DSM

Other Prominent Vendors in the market are: Clariant, FOMPAK, HÜBNER, INEOS Styrolution, Radici Partecipazioni, SABIC, Tata AutoComp Systems, and Trinseo

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of bioplastics. There has been an increasing use of bioplastics in automobiles in recent years. Leading automobile manufacturers such as Mercedes-Benz use bioplastics in their automotive car parts with the aim of reducing the environmental impact. Bioplastics can be bio-based, biodegradable, or both. The bioplastics that are being implemented in the automotive market are bio-based polyamides, Polytrimethylene terephthalate (PTT), and bio-based polyolefins. Bioplastics help save scarce resources and reduce the dependence on the price-volatile energy market, thus reducing the environmental impact.”

According to the report, one of the major drivers for this market is Growth in lightweight materials for automotive industry. There is a need for lightweight materials in the automotive industry. The lightweight materials used in the automotive industry are high-strength steel, aluminum, composites, magnesium, and plastics. The global lightweight materials market is expected to grow at a rate of more than 8.5% during the forecast period, and plastic materials are expected to grow at a CAGR of more than 10%. The major driver for the growth of lightweight materials is the consumer demand for more fuel-efficient cars. With the growing awareness about climate change, increasing concerns for environmental issues, and increasing the cost of fuel, the customers are demanding lighter vehicles to save on fuel. It expected that the passenger cars market would grow by 14.51 million units by 2021 as compared to 2016. Thus, the major focus will be on lightweight materials to ensure fuel efficiency and to comply with the stricter environmental regulations.

Further, the report states that one of the major factors hindering the growth of this market is Joining dissimilar materials poses a challenge. Materials such as metals, composites, and plastics are used to make the body of a passenger car. All these materials have different structural characteristics, but must be used in conjunction. These materials must be joined by a stable and reliable process. The car body is primarily made of metals, and the common method of joining metals is welding, which cannot be used to join plastics. Thus, the joining of plastics with metals as well as other materials remains a challenge for this market. Adhesives are generally used for multi-materials cars, but more cost-effective methods need to be developed.

Companies Mentioned

BASF, Borealis, Covestro, LANXESS, and Royal DSM, Clariant, FOMPAK, HÜBNER, INEOS Styrolution, Radici Partecipazioni, SABIC, Tata AutoComp Systems, and Trinseo

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Total passenger car production by key regions 2016
  • Market landscape
    • Market overview
      • Table Global plastics market for passenger cars industry overview
    • Market size and forecast
      • Table Global plastics market for passenger cars industry 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global plastics market for passenger cars industry by application
      • Table Global plastics market for passenger cars industry by application 2016 (% share)
      • Table Global plastics market for passenger cars industry by application 2021 (% share)
    • Global plastics market for passenger cars industry by interiors
      • Table Global plastics market for passenger cars industry by interiors 2016-2021 ($ millions)
    • Global plastics market for passenger cars industry by exteriors
      • Table Global plastics market for passenger cars industry by exteriors 2016-2021 ($ millions)
    • Global plastics market for passenger cars industry by other applications
      • Table Global plastics market for passenger cars industry by other applications 2016-2021 ($ millions)
  • Market segmentation by materials
    • Global plastics market for passenger cars industry by materials
      • Table Global plastics market for passenger cars industry by materials 2016 (% share)
      • Table Global plastics market for passenger cars industry by materials 2021 (% share)
    • Global plastics market for passenger cars industry by polypropylene
      • Table Global plastics market for passenger cars industry by polypropylene 2016-2021 ($ millions)
      • Table Uses of polypropylene in cars 2016
    • Global plastics market for passenger cars industry by polyurethane
      • Table Global plastics market for passenger cars industry by polyurethane 2016-2021 ($ millions)
    • Global plastics market for passenger cars industry by polyvinyl chloride
      • Table Global plastics market for passenger cars industry by polyvinyl chloride 2016-2021 ($ millions)
    • Global plastics market for passenger cars industry by other materials
      • Table Global plastics market for passenger cars industry by other materials 2016-2021 ($ millions)
  • Regional landscape
    • Global plastics market for passenger cars industry by geography
      • Table Global plastics market for passenger cars industry by geography 2016-2021 (% share)
    • Regional comparison
      • Table Regional comparison
    • APAC – market size and forecast
      • Table APAC – market size and forecast 2016-2021 ($ millions)
      • Table APAC – Year-over-year growth 2017-2021 (%)
      • Table Top five countries in APAC by sales of passenger cars 2016 (% share)
      • Table Production forecast of passenger cars in APAC 2016-2021 (units in millions)
    • EMEA – market size and forecast
      • Table EMEA – market size and forecast 2016-2021 ($ millions)
      • Table EMEA – Year-over-year growth 2017-2021 (%)
    • Americas – market size and forecast
      • Table Americas – market size and forecast 2016-2021 ($ millions)
      • Table Americas – Year-over-year growth 2017-2021 (%)
      • Table Production forecast of passenger car in Americas 2016-2021 (units in millions)
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Emergence of bioplastics
    • Use of 3D printing in automotive industry
    • Growing demand for carbon fiber-reinforced plastics (CFRP)
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key vendors in global plastics market for passenger cars industry 2016
    • Other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • Borealis
      • Table Borealis: Geographic segmentation by revenue 2016
      • Table Borealis: Business segmentation by revenue 2016
    • Covestro
      • Table Covestro: Business segment by revenue 2016 (% share)
      • Table Covestro: Geographic segmentation by revenue 2016 (% share)
    • LANXESS
      • Table LANXESS: Business segmentation by revenue 2016
      • Table LANXESS: Geographic segmentation by revenue 2016
    • Royal DSM
      • Table Royal DSM: Business segmentation by revenue 2016
      • Table Royal DSM: Geographical segmentation by revenue 2016
      • Table Brands offered by Royal DSM
  • Appendix
    • List of abbreviation
  • Explore Technavio

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