UK Automotive Plastics Market Size & Outlook, 2023-2030
UK automotive plastics market, 2018-2030 (US$M)
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UK automotive plastics market highlights
- The UK automotive plastics market generated a revenue of USD 762.0 million in 2023 and is expected to reach USD 1,043.0 million by 2030.
- The UK market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polyvinyl Chloride (PVC) is the most lucrative product segment registering the fastest growth during the forecast period.
Automotive plastics market data book summary
| Market revenue in 2023 | USD 762.0 million |
| Market revenue in 2030 | USD 1,043.0 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyvinyl Chloride (PVC) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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) |
| 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, UK accounted for 2.5% of the global automotive plastics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany automotive plastics market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 2,103.5 million by 2030.
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Automotive Plastics Market Scope
Automotive Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 32.87% in 2023. Horizon Databook has segmented the UK 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.
Automobile industry plays a vital role in the UK economy. Increasing production of vehicles along with that of engines and other components is expected to fuel the demand for automotive plastics in the country. The UK automotive industry is a crucial aspect of the economy, supporting the goals of leveling up, achieving net zero emissions, advancing global Britain, and promoting growth.
Thus, the growing demand for British-built cars and rising demand from original equipment manufacturers are anticipated to boost the automotive plastics market over the forecast period. The rise of ride-sharing services and autonomous fleets demands vehicles with interiors optimized for passenger comfort, safety, and a seamless user experience.
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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 UK automotive plastics market , including forecasts for subscribers. This country databook contains high-level insights into UK automotive plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK automotive plastics market size, by product, 2018-2030 (US$M)
UK Automotive Plastics Market Outlook Share, 2023 & 2030 (US$M)
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