Bric Automotive Plastics Market

BRIC Automotive Plastics Market by Material Type, Application, End Use & Region – Forecast 2023 – 2033

Bric Automotive Plastics Meeting the demand for lightweight and high-performance materials in the automotive industry

Category: Chemicals & Materials Published Date : Feb-23 ID: CVC-190 Format: PDF Pages: 300

Report Highlights

According to a research survey conducted by ChemView Consulting, in 2023 BRIC Automotive Plastics Market was worth US $ 29.85 Bn. The market is expected to grow at a CAGR of 4.70% between 2023 and 2033 to hit US $ 47.25 Bn by 2033 end.

Key Market Trends

Driving the Future of Automotive Industry

With the growing demand for fuel-efficient and lightweight vehicles, BRIC countries are increasingly using automotive plastics, driving the future of the automotive industry.

Revolutionizing the Way Cars are Made.

With its cost-effectiveness and versatility, BRIC automotive plastics are revolutionizing the way cars are made, creating a wide range of opportunities in the market.

The Key to Sustainable and Efficient Mobility

With its eco-friendliness and efficiency, BRIC automotive plastics are becoming a key factor in sustainable and efficient mobility, making it a valuable product in the market.

Market Drivers

Automotive Plastics Reducing Vehicle Weight and Emissions

The growing demand for fuel-efficient and low-emission vehicles in the BRIC countries (Brazil, Russia, India, and China) has driven the automotive plastics market. The use of automotive plastics helps reduce vehicle weight, improve fuel efficiency, and lower greenhouse gas emissions, making them an essential material for meeting increasingly stringent environmental regulations.

Enhanced Aesthetics and Functionality

The expanding automotive sector in the BRIC countries has fueled the demand for automotive plastics. These materials offer excellent design flexibility, durability, and resistance to wear and tear, enabling manufacturers to create innovative, aesthetically pleasing, and functional vehicle components that meet the evolving expectations of consumers.

Segmentation Insights

After conducting a thorough analysis of the Bric Automotive Plastics Market, we have identified the top three trending segments in the industry. These segments are experiencing significant growth, high demand, and widespread adoption.

Most Popular (Fastest Growth Rate)

Polypropylene (PP) (Interior Components Application)

Polypropylene (PP) is the most popular material type in the Bric Automotive Plastics Market due to its extensive usage in the interior components application. PP is widely used in automotive interior components such as instrument panels, door panels, and seats due to its excellent properties such as low weight, high durability, and ease of processing. PP’s versatility, cost-effectiveness, and recyclability make it the preferred choice for the interior components application.

Most Selling (Largest Market Share)

Acrylonitrile Butadiene Styrene (ABS)  (Exterior Components & Frame Application)

Acrylonitrile Butadiene Styrene (ABS) is the most selling material type in the Bric Automotive Plastics Market due to its extensive usage in the exterior components & frame application. ABS is widely used in automotive exterior components such as bumpers, grills, and fenders due to its excellent properties such as impact resistance, high toughness, and weatherability. ABS’s unique blend of properties makes it the go-to choice for the exterior components & frame application.

Trending (Gaining Traction)

Polyamide (PA) (Electric Vehicles Application)

Polyamide (PA) is gaining significant traction in the Bric Automotive Plastics Market due to its usage in the electric vehicles application. PA is widely used in electric vehicle components such as battery housing, cable conduits, and structural components due to its excellent properties such as high stiffness, high strength, and resistance to heat and chemicals. PA’s outstanding electrical and mechanical properties make it a trending choice in the electric vehicles application.

Regional Insights:

China: A Leading Market with Rapid Automotive Industry Growth

China is a major market for automotive plastics in the BRIC nations, driven by its booming automotive industry and the increasing demand for lightweight and fuel-efficient vehicles. The country’s commitment to reducing carbon emissions and promoting eco-friendly solutions has spurred the demand for advanced automotive plastics. With its strong manufacturing capabilities and cutting-edge technologies, China plays a crucial role in the global automotive plastics market.

India: A Rising Market with Expanding Automotive Sector

India is an emerging market for automotive plastics, fueled by its expanding automotive sector and the growing need for lightweight, fuel-efficient vehicles. The country’s focus on sustainable development and the adoption of new automotive technologies contribute to the increasing demand for automotive plastics. India’s cost-competitive advantages and rapidly growing consumer base make it an attractive market for automotive plastics manufacturers and investors.

Report Includes

Research Scope/Taxonomy
Market Analysis by Material Type:

  • Polypropylene (PP)
  • Polyurethane (PUR)
  • Acrylonitrile Butadiene Styrene (ABS)
  • Polyvinyl Chloride (PVC)
  • Polyethylene (PE)
  • Polystyrene (PS)
  • Polycarbonate (PC)
  • Polyamide (PA)
  • Acrylic (PMMA etc.)
  • Plastics Composites
  • Others

Market Analysis by Application:

  • Interior Components
  • Exterior Components & Frame

Market Analysis by End Use:

  • Conventional Vehicles
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Electric Vehicles
  • Pure Electric
  • Hybrid Electric

Analyst Credentials

Key Companies Profiled

  • LyondellBasell Industries Holdings B.V
  • Evonik Industries
  • Arkema Group
  • DuPont de Nemours, Inc.
  • The Dow Chemical Company
  • Hexion Inc.
  • Momentive Performance Materials
  • Hanwha Group
  • Saudi Basic Industries Corporation (SABIC)
  • Formosa Plastics
  • Sumitomo Chemical Co., Ltd.
  • Mitsui Chemicals, Inc.
  • Zoltek
  • Covestro AG
  • Eastman Chemical Company.

1.1. Global Market Snapshot

1.2. Key Success Factors

1.3. Strategic Analysis and Recommendations

2.1. Market Taxonomy

2.2. Market Definitions

3.1. Preliminary Investigation & Research Design

3.2. Secondary Research & Primary Research

3.3. Data Analysis & Econometric Modelling

3.4. Expert Data Validation

4.1. Supply-Side Trends

4.2. Demand-Side Trends

5.1. Global Market Value (US$ Mn) Analysis, 2017 – 2032

5.2. Incremental $ Opportunity Index, 2022-2032

5.3. Global Market Volume (Tons) Analysis, 2017 – 2032

6.1. Regional Level Pricing Analysis and Forecast

6.1.1. Manufacturers Level Pricing

6.1.2. Distributor Level Pricing

6.2. Global Pricing Analysis Benchmark

6.3. Cost Breakdown Analysis

7.1. Cross Analysis of Application W.R.T. Material Type

8.1. Regional Supply Vs. Demand Gap Assessment

8.2. Top Producing Countries Analysis

9.1. Macroeconomic Factors

9.2. Forecast Factors

9.3. Market Dynamics

9.3.1. Driver

9.3.2. Restraint

9.3.3. Opportunity

9.4. Supply Chain Analysis

9.4.1. List Raw Material Suppliers

9.4.2. List of Manufacturers

9.4.3. List of Distributors

9.4.4. List of End-Users

9.4.5. End-Users Consumption Analysis

9.4.6. Average Profitability Margin Analysis

9.5. Covid-19 Impact Assessment

9.5.1. Economy/Cluster Projections

9.5.2. Covid-19 Economic Assessment

9.5.3. Impact on Target Market

9.5.4. Recovery Scenario

9.6. Regulatory Framework

9.6.1. Regulations of Key Countries

9.6.2. Potential Impact of Regulations

9.7. Porter’s Five Forces Analysis

9.8. Product Type Landscape

10.1. Introduction

10.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Material Type [Value (US$ Mn) and Volume (Tons) Analysis]

10.2.1. Polypropylene (PP)

10.2.2. Polyurethane (PUR)

10.2.3. Acrylonitrile Butadiene Styrene (ABS)

10.2.4. Polyvinyl Chloride (PVC)

10.2.5. Polyethylene (PE)

10.2.6. Polystyrene (PS)

10.2.7. Polycarbonate (PC)

10.2.8. Polyamide (PA)

10.2.9. Acrylic (PMMA etc.)

10.2.10. Plastics Composites

10.2.11. Others

12.3.Market Attractiveness Analysis by Material Type

11.1. Introduction

11.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Application [Value (US$ Mn) and Volume (Tons) Analysis]

11.3. Interior Components

11.4. Exterior Components & Frame

12.3.Market Attractiveness Analysis by Application

12.1. Introduction

12.2. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By End Use [Value (US$ Mn) and Volume (Tons) Analysis]

12.3. Conventional Vehicles

12.4. Passenger Cars

12.5. Light Commercial Vehicles

12.6. Heavy Commercial Vehicles

12.7. Electric Vehicles

12.8. Pure Electric

12.9. Hybrid Electric

12.3.Market Attractiveness Analysis by End Use

13.1. Introduction

13.2. Key Market Trends

13.3. Historical and Current Market (2017-2021) and Future Market Analysis (2022-2032) By Region [Value (US$ Mn) and Volume (Tons) Analysis]

13.3.1. North America

13.3.2. Latin America

13.3.3. Europe

13.3.4. Asia-Pacific

13.3.5. Middle East

13.3.6. Africa

13.4. Market Attractiveness Analysis by Region

14.1. Introduction

14.2. Key Market Trends

14.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

14.3.1. By Country U.S. Canada

14.3.2. By Material Type

14.3.3. By Application

14.3.4. By End Use

14.4. Market Attractiveness Analysis

14.4.1. By Country

14.4.2. By Material Type

14.4.3. By Application

14.4.4. By End Use

15.1. Introduction

15.2. Key Market Trends

15.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

15.3.1. By Country Brazil Mexico Rest of Latin America

15.3.2. By Material Type

15.3.3. By Application

15.3.4. By End Use

15.4. Market Attractiveness Analysis

15.4.1. By Country

15.4.2. By Material Type

15.4.3. By Application

15.4.4. By End Use

16.1. Introduction

16.2. Key Market Trends

16.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

16.3.1. By Country Germany Italy France UK Spain Netherlands Norway Russia Rest of Europe

16.3.2. By Material Type

16.3.3. By Application

16.3.4. By End Use

16.4. Market Attractiveness Analysis

16.4.1. By Country

16.4.2. By Material Type

16.4.3. By Application

16.4.4. By End Use

17.1. Introduction

17.2. Key Market Trends

17.3. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

17.3.1. By Country China Japan South Korea India Indonesia Thailand Vietnam Australia & New Zealand Rest of Asia-Pacific

17.3.2. By Material Type

17.3.3. By Application

17.3.4. By End Use

17.4. Market Attractiveness Analysis

17.4.1. By Country

17.4.2. By Material Type

17.4.3. By Application

17.4.4. By End Use

18.1. Introduction

18.2. Key Market Trends

18.3. Pricing Analysis

18.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

18.4.1. By Country Saudi Arabia Turkey U.A.E. Rest of the Middle East

18.4.2. By Material Type

18.4.3. By Application

18.4.4. By End Use

18.5. Market Attractiveness Analysis

18.5.1. By Country

18.5.2. By Material Type

18.5.3. By Application

18.5.4. By End Use

19.1. Introduction

19.2. Key Market Trends

19.3. Pricing Analysis

19.4. Historical and Current Market Size (2017-2021) and Future Market Size Analysis (2022-2032) [Value (US$ Mn) and Volume (Tons) Analysis]

19.4.1. By Country South Africa Nigeria Egypt Rest of Africa

19.4.2. By Material Type

19.4.3. By Application

19.4.4. By End Use

19.5. Market Attractiveness Analysis

19.5.1. By Country

19.5.2. By Material Type

19.5.3. By Application

19.5.4. By End Use

20.1. Tier Structure Breakdown

20.2. Market Share Analysis

20.3. Production Capacity Analysis

20.4. Company Footprint Analysis

20.4.1. Product Footprint of Players

20.4.2. Regional Footprint of Players

20.4.3. Channel Footprint of Players

20.5. Brand Preference Analysis

20.6. Competition Dashboard

21.1. LyondellBasell Industries Holdings B.V.

21.1.1. Company Overview

21.1.2. Product & Financial Portfolio

21.1.3. Manufacturing Facilities

21.1.4. Recent Developments

21.1.5. SWOT Analysis

21.1.6. Strategy Overview

21.2. Evonik Industries

21.3. BASF SE

21.4. Arkema Group

21.5. DuPont de Nemours, Inc.

21.6. The Dow Chemical Company

21.7. Hexion Inc.

21.8. Momentive Performance Materials

21.9. Hanwha Group

21.10. Saudi Basic Industries Corporation (SABIC)

21.11. Formosa Plastics

21.12. Sumitomo Chemical Co., Ltd.

21.13. Mitsui Chemicals, Inc.

21.14. Zoltek

21.15. Covestro AG

21.16. Eastman Chemical Company.