India Automotive Plastics Market Size & Outlook, 2025-2033
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India automotive plastics market highlights
- The India automotive plastics market generated a revenue of USD 1,608.2 million in 2024 and is expected to reach USD 3,098.7 million by 2033.
- The India market is expected to grow at a CAGR of 7.8% from 2025 to 2033.
- In terms of segment, injection molding was the largest revenue generating process in 2024.
- Thermoforming is the most lucrative process segment registering the fastest growth during the forecast period.
Automotive plastics market data book summary
| Market revenue in 2024 | USD 1,608.2 million |
| Market revenue in 2033 | USD 3,098.7 million |
| Growth rate | 7.8% (CAGR from 2025 to 2033) |
| Largest segment | Injection molding |
| Fastest growing segment | Thermoforming |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Other, Thermoforming, Injection Molding, Blow Molding |
| Key market players worldwide | Akzo Nobel NV, Basf SE, Covestro AG, Evonik Industries AG, Adient PLC, Magna International Inc, Momentive, SABIC, Dow Inc, Hanwha, Grupo Antolin, Lear Corporation, Owens-Corning Inc, Quadrant Group, Koninklijke DSM NV, Teijin Ltd |
Other key industry trends
- In terms of revenue, India accounted for 5.1% of the global automotive plastics market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China automotive plastics market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,098.7 million by 2033.
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Automotive Plastics Market Scope
Automotive Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Adient PLC | View profile | 70000 | 3 Dublin Landings, North Wall Quay, IFSC, Dublin 1, Dublin, Ireland, D01 H104 | https://www.adient.com |
| Lear Corporation | View profile | 10001+ | Southfield, Michigan, United States, North America | http://lear.com |
| Grupo Antolin | View profile | 10001+ | Burgos, Castilla y Leon, Spain, Europe | http://www.grupoantolin.com |
| Quadrant Group | View profile | 251-500 | Burgess Hill, West Sussex, United Kingdom, Europe | http://www.quadrantgrp.com/ |
| Magna International Inc | View profile | 179000 | 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 | https://www.magna.com |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Hanwha | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.hanwhacorp.co.kr/eng/index.jsp |
| Momentive | View profile | 5001-10000 | Schenectady, New York, United States, North America | https://www.momentive.com/ |
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
India 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.
Injection molding was the largest segment with a revenue share of 66.24% in 2024. Horizon Databook has segmented the India automotive plastics market based on other, thermoforming, injection molding, blow molding covering the revenue growth of each sub-segment from 2021 to 2033.
The automotive plastics market is expected to witness substantial growth over the forecast period owing to the growing automotive industry in the country. The increasing disposable income of the middle-class population and the rising young population in the country are the major factors fueling the demand for automobiles in India.
Strong government support & initiatives and increasing investment by the government are also propelling the growth of the automotive industry.The country is also witnessing a surge in domestic automobile production.
According to the India Brand Equity Foundation (IBEF), the country is the largest tractor producer, the second-largest bus manufacturer, and the third-largest heavy truck manufacturer in the world.
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Target buyers of India 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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Horizon Databook provides a detailed overview of country-level data and insights on the India automotive plastics market , including forecasts for subscribers. This country databook contains high-level insights into India automotive plastics market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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India Product - Automotive Plastics Market size, 2024 - 2033 (US$M)
India Automotive Plastics Market Outlook Share, 2024 & 2033 (US$M)
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