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.
Research Scope/Taxonomy
Market Analysis by Material Type:
Market Analysis by Application:
Market Analysis by End Use:
Key Companies Profiled
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
14.3.1.1. U.S.
14.3.1.2. 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
15.3.1.1. Brazil
15.3.1.2. Mexico
15.3.1.3. 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
16.3.1.1. Germany
16.3.1.2. Italy
16.3.1.3. France
16.3.1.4. UK
16.3.1.5. Spain
16.3.1.6. Netherlands
16.3.1.7. Norway
16.3.1.8. Russia
16.3.1.9. 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
17.3.1.1. China
17.3.1.2. Japan
17.3.1.3. South Korea
17.3.1.4. India
17.3.1.5. Indonesia
17.3.1.6. Thailand
17.3.1.7. Vietnam
17.3.1.8. Australia & New Zealand
17.3.1.9. 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
18.4.1.1. Saudi Arabia
18.4.1.2. Turkey
18.4.1.3. U.A.E.
18.4.1.4. 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
19.4.1.1. South Africa
19.4.1.2. Nigeria
19.4.1.3. Egypt
19.4.1.4. 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.