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Fiber Cement Industry Size and Share
Insights: Forecast to 2032
The Global Automotive Plastics Market has recently been analyzed and explored by Fortune
Business Insights™ in their latest market research report. The team of dedicated analysts and
researchers has gone to great lengths to provide a comprehensive overview of both current and
future scenarios pertaining to the Automotive Plastics Market. As a result, this report is packed with
valuable insights that will be highly advantageous for industry players looking to maintain a
competitive edge.
Fiber cement, a composite material made from cement, sand, and cellulose fibers, has become a
preferred construction material due to its durability, strength, and resistance to weather conditions.
Its rising demand in both residential and commercial construction sectors is driving market growth.
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Forecast Growth Projected:
The global automotive plastics market size was USD 40.91 billion in 2019 and is projected to reach
USD 53.85 billion by 2027, exhibiting a CAGR of 5.3% during the forecast period.
List of the Key Players in the Automotive Plastics Market:
The major players in the market are Arkema SA (France), BASF SE (Germany), Borealis AG (Austria),
DuPont (U.S.), DSM Engineering (The Netherlands), Evonik Industries AG (Germany), ExxonMobil
Corporation (U.S.), LANXESS (Germany), LG Chem (South Korea), LyondellBasell (The Netherlands),
SABIC (Saudi Arabia), Covestro AG (Germany), Arkal Automotive (U.S.), Other Players.
Competitors Landscape:
The realm of Automotive Plastics
Market is rife with cutthroat
competition and fragmentation, a result
of the considerable presence of both
global conglomerates and domestic
contenders. Industry insiders situated in
diverse geographical regions are
formulating and executing effective
strategies to exploit unexplored
opportunities and extend their business
outreach. In this highly aggressive
environment, prominent players are
aggressively pursuing tactics to enhance
their market share through various
channels.
Market Segmentation:
The automotive plastics market is segmented based on material type, application, vehicle type, and
region.
By Material Type:
 Polypropylene (PP): Widely used for interior parts and bumpers due to its excellent
durability and flexibility.
 Polyurethane (PU): Known for its use in seating, insulation, and cushioning materials.
 Polyvinyl Chloride (PVC): Commonly used in electrical wiring insulation and instrument
panels.
 Acrylonitrile Butadiene Styrene (ABS): Used for dashboards, wheel covers, and interior
components due to its impact resistance.
 Others: Includes polycarbonate (PC), Polymide (PA), polystyrene, polybutylene terephthalate
(PBT), and other engineering plastics.
By Application:

Interior Components: Dashboard, door panels, seats, and interior trims.
 Exterior Components: Bumpers, body panels, and lighting.
 Under-the-Hood Applications: Engine components, battery housings, and fuel systems.
 Electrical Components: Wiring, connectors, and sensors.
Key Market Drivers:
Increasing Demand for Lightweight Vehicles
The automotive industry is undergoing a significant shift towards lightweight vehicles to improve
fuel efficiency and meet stringent emission standards. The use of plastics reduces vehicle weight,
leading to lower fuel consumption and carbon dioxide emissions, which is a key driver for market
growth.

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Growth in Electric Vehicle (EV) Adoption
As the demand for electric vehicles continues to rise, automotive manufacturers are increasingly
using plastics for various EV components. Plastics offer excellent insulation properties, lightweight
characteristics, and resistance to extreme temperatures, making them ideal for EV applications such
as battery enclosures, electric motors, and interior designs.
Environmental Regulations and Sustainability Initiatives
Governments across the globe are imposing strict environmental regulations that require
automotive manufacturers to reduce greenhouse gas emissions. Automotive plastics help
manufacturers comply with these regulations by enabling vehicle weight reduction, thus enhancing
fuel efficiency. Additionally, the growing trend towards sustainability has led to increased research
and development in bio-based plastics, further supporting market growth.
Advancements in Plastic Manufacturing Technologies
Innovations in plastic manufacturing technologies, such as 3D printing, injection molding, and
recyclable composite materials, have significantly improved the performance of automotive plastics.
These advancements have allowed manufacturers to produce complex, lightweight, and durable
parts at lower costs, thereby driving market growth.
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About Us:
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assisting them to address various challenges distinct to their businesses. Our aim is to empower
them with holistic market intelligence, providing a granular overview of the market they are
operating in.
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