Global Automotive Plastics Market Size & Outlook
Global automotive plastics market, 2018-2030 (US$M)
Related Markets
Global automotive plastics market highlights
- The global automotive plastics market generated a revenue of USD 30,441.1 million in 2023 and is expected to reach USD 43,769.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.3% by 2030.
- In terms of segment, polypropylene (pp) accounted for a revenue of USD 9,862.1 million in 2023.
- Polycarbonate (PC) is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 30,441.1 million |
| Market revenue in 2030 | USD 43,769.6 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polycarbonate (PC) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylonitrile Butadiene Styrene (ABS), Polypropylene (PP), Polyurethane (PU), Polyvinyl Chloride (PVC), Polyethylene (PE), Polycarbonate (PC), Polymethyl Methacrylate (PMMA), Polyamide (PA) |
Other key industry trends
- In terms of revenue, the North America accounted for 16.6% of the global automotive plastics market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 726.4 million by 2030.
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Automotive Plastics Market Scope
Automotive Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global automotive plastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive plastics market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 32.4% in 2023. Horizon Databook has segmented the Global automotive plastics market based on acrylonitrile butadiene styrene (abs), polypropylene (pp), polyurethane (pu), polyvinyl chloride (pvc), polyethylene (pe), polycarbonate (pc), polymethyl methacrylate (pmma), polyamide (pa) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Automotive Plastics Product Outlook (Revenue, USD Million, 2018-2030)
- Acrylonitrile Butadiene Styrene (ABS)
- Polypropylene (PP)
- PP LGF 20
- PP LGF 30
- PP LGF 30 Y
- Others
- Polyurethane (PU)
- Polyvinyl Chloride (PVC)
- Polyethylene (PE)
- Polycarbonate (PC)
- Polymethyl Methacrylate (PMMA)
- Polyamide (PA)
- Others
- Global Automotive Plastics Process Outlook (Revenue, USD Million, 2018-2030)
- Injection Molding
- Blow Molding
- Thermoforming
- Other
- Global Automotive Plastics Application Outlook (Revenue, USD Million, 2018-2030)
- Power Trains
- Electrical Components
- Interior Furnishings
- IMD or IML
- Others
- Exterior Furnishings
- Under the Hood
- Chassis
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Target buyers of Global automotive plastics market databook
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Our clientele includes a mix of automotive plastics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive plastics market , including forecasts for subscribers. This global databook contains high-level insights into Global automotive plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global automotive plastics market size, by regions, 2018-2030 (US$M)
Top 10 countries: Automotive plastics market size, 2023 (US$M)
Global automotive plastics market share, by product, 2023 & 2030 (%, US$M)
Automotive plastics market: Opportunity assessment by country
Global automotive plastics market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 4,828.1 | 4,895.8 | 4,784.8 | 4,842.4 | 4,929.4 | 5,042.5 | 5,193.1 | 5,373.9 | 5,582.4 | 5,848.7 | 6,132.8 | 6,447.1 | 6,801.6 | 4.4% |
| Europe | 8,701.5 | 8,895.6 | 8,765.1 | 8,943.1 | 9,178.3 | 9,465.5 | 9,828.0 | 10,253.4 | 10,738.3 | 11,342.6 | 11,992.3 | 12,727.1 | 13,545.1 | 5.3% |
| Asia Pacific | 12,480.0 | 12,840.2 | 12,732.9 | 13,074.8 | 13,504.8 | 14,016.8 | 14,646.9 | 15,379.0 | 16,209.5 | 17,231.6 | 18,334.5 | 19,572.7 | 20,959.4 | 5.9% |
| Latin America | 1,310.6 | 1,322.0 | 1,285.2 | 1,293.9 | 1,310.2 | 1,333.3 | 1,365.9 | 1,406.1 | 1,453.0 | 1,514.3 | 1,579.2 | 1,647.9 | 1,727.6 | 3.8% |
| MEA | 568.7 | 576.9 | 562.9 | 567.6 | 574.5 | 583.1 | 594.4 | 607.6 | 621.8 | 640.1 | 660.1 | 703.4 | 736.0 | 3.4% |
| Overall | 27,888.9 | 28,530.4 | 28,130.9 | 28,721.6 | 29,497.2 | 30,441.1 | 31,628.3 | 33,019.9 | 34,604.9 | 36,577.3 | 38,698.8 | 41,098.2 | 43,769.6 | 5.3% |
Related regional statistics
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