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North America Automotive Plastics Market Size, Share & Trends Analysis Report By Product (PP, PU), By Application (Interior Furnishings, Power Trains), By Process, By Country, And Segment Forecasts, 2024 - 2030

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  • 128 Pages
  • April 2024
  • Region: North America
  • Grand View Research
  • ID: 5786703
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North America Automotive Plastics Market Growth & Trends

The North America automotive plastics market size is anticipated to reach USD 6.8 billion by 2030, registering a CAGR of 4.6% from 2024 to 2030. The presence of stringent government regulations regarding reducing vehicular emissions is leading automotive manufacturers in the region to use plastics in their vehicles to reduce their weight, which results in declined fuel consumption. This trend is anticipated to lead to the growth of the market in North America over the forecast period.Polypropylene (PP) offers excellent chemical and electrical resistance even at very high temperatures.

It is semi-rigid, translucent, and provides integral hinge properties. PP is relatively lightweight compared to other plastics and is widely used in the automotive sector. It helps reduce the overall weight of vehicles, which, in turn, helps reduce fuel consumption and carbon dioxide emissions. It is used in several end-use industries, such as packaging, electrical & electronics, construction, consumer products, and automotive.Injection molding is a widely utilized plastic molding process in the automotive plastics market. This process is used to mold plastics that can be used as housing covers, light covers & lenses, clips for engine & lighting parts, wiring harnesses, and connectors.

In addition, this process is used to manufacture engine hoses and tubes, entire door handles, console & dashboard radio covers, and other electrical internal components, knobs for shifter levers, buttons, bezel panels, controls & covers for the sunroof and convertible roof assemblies. Growing demand for automotive plastics in interior furnishings, such as seat covers, steering wheels, body & light panels, seat bases, rear package shelves, fascia systems, load floors, and headliners is projected to boost the market growth over the forecast period. Automobile interior accessories, such as fascia systems, steering wheels, body & light panels, and seat covers, are made using various automotive plastics.

Various other internal components, such as headliners, seat bases, and load floors are built entirely from high-performance plastics, such as Acrylonitrile Butadiene Styrene (ABS) and Glass Mat Thermoplastics (GMT) composites, instead of metal, conventional rubber, and other parts.Automotive plastics are engineering plastics known for their enhanced performance that is increasingly used in the automotive industry owing to their versatility. These plastics are ideal for utilization in vehicles, as well as for carrying out required innovations in the automotive industry. In addition, automotive plastics are lightweight, which reduces fuel consumption and increases the range of EVs.

North America Automotive Plastics Market Report Highlights

  • The interior furnishings segment led the industry and accounted for the largest market share of 51.5% in 2023
  • The Polypropylene (PP) segment led the market and accounted for the maximum revenue share of 33.03% in 2023
  • The Injection Molding segment led the market and accounted for the largest market share of 56.3% in 2023
  • The Automotive Plastics market in the U.S. accounted for the largest market share of 82.3% in 2023.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segment Outlook
2.3. Competitive Landscape Snapshot
Chapter 3. North America Automotive Plastics Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Global Automotive Plastics Market
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. North America Automotive Plastics Market- Business Environment Analysis
3.6.1. Industry Analysis- Porter's Five Force Analysis
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.6.2. Industry Analysis- Macroeconomic Factors Analysis
3.6.2.1. Political Landscape
3.6.2.2. Economic Landscape
3.6.2.3. Social Landscape
3.6.2.4. Technological Landscape
3.6.2.5. Environmental Landscape
3.6.2.6. Legal Landscape
Chapter 4. North America Automotive Plastics Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2023 & 2030
4.2. North America Automotive Plastics Market Estimates & Forecast, By Product, 2018 to 2030 (Kilo Tons) (USD Million)
4.3. ABS
4.3.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.4. PP
4.4.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.5. PU
4.5.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.6. PVC
4.6.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.7. PE
4.7.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.8. PC
4.8.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.9. PMMA
4.9.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.10. PA (Nylon 6 & 66)
4.10.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
4.11. Others
4.11.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 5. North America Automotive Plastics Market: Process Estimates & Trend Analysis
5.1. Process Movement Analysis & Market Share, 2023 & 2030
5.2. North America Automotive Plastics Market Estimates & Forecast, By Process, 2018 to 2030 (Kilo Tons) (USD Million)
5.3. Injection Molding
5.3.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
5.4. Blow Molding
5.4.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
5.5. Thermoforming
5.5.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
5.6. Others
5.6.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 6. North America Automotive Plastics Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2023 & 2030
6.2. North America Automotive Plastics Market Estimates & Forecast, By Application, 2018 to 2030 (Kilo Tons) (USD Million)
6.3. Power Trains
6.3.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
6.4. Electrical Components
6.4.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
6.5. Interior Furnishings
6.5.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
6.6. Exterior Furnishings
6.6.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
6.7. Under the Hood
6.7.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
6.8. Chassis
6.8.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 7. North America Automotive Plastics Market: Country Estimates & Trend Analysis
7.1. Country Movement Analysis & Market Share, 2023 & 2030
7.2. North America
7.2.1. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.2. Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.3. Market Estimates and Forecasts, by Process, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.4. Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.5. U.S.
7.2.5.1. Key Country Dynamics
7.2.5.2. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.5.3. Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.5.4. Market Estimates and Forecasts, by Process, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.5.5. Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.6. Canada
7.2.6.1. Key Country Dynamics
7.2.6.2. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.6.3. Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.6.4. Market Estimates and Forecasts, by Process, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.6.5. Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.7. Mexico
7.2.7.1. Key Country Dynamics
7.2.7.2. Market Estimates and Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.7.3. Market Estimates and Forecasts, by Product, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.7.4. Market Estimates and Forecasts, by Process, 2018 - 2030 (Kilo Tons) (USD Million)
7.2.7.5. Market Estimates and Forecasts, by Application, 2018 - 2030 (Kilo Tons) (USD Million)
Chapter 8. North America Automotive Plastics Market - Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company Categorization
8.3. Company Market Share/Position Analysis, 2023
8.4. Company Heat Map Analysis
8.5. Strategy Mapping
8.5.1. Expansion
8.5.2. Mergers & Acquisition
8.5.3. Partnerships & Collaborations
8.5.4. New Process Launches
8.5.5. Research And Development
8.6. Company Profiles (Business Overview, Financial Performance, Product Benchmarking)
8.6.1. Dow, Inc.
8.6.1.1. Company Overview
8.6.1.2. Financial Performance
8.6.1.3. Type Benchmarking
8.6.2. Hanwha Azdel Inc.
8.6.2.1. Company Overview
8.6.2.2. Financial Performance
8.6.2.3. Type Benchmarking
8.6.3. Lear Corporation
8.6.3.1. Company Overview
8.6.3.2. Financial Performance
8.6.3.3. Type Benchmarking
8.6.4. Owens Corning
8.6.4.1. Company Overview
8.6.4.2. Financial Performance
8.6.4.3. Type Benchmarking
8.6.5. Magna International, Inc.
8.6.5.1. Company Overview
8.6.5.2. Financial Performance
8.6.5.3. Type Benchmarking
8.6.6. Momentive Performance Materials, Inc.
8.6.6.1. Company Overview
8.6.6.2. Financial Performance
8.6.6.3. Type Benchmarking
8.6.7. DuPont de Nemours, Inc.
8.6.7.1. Company Overview
8.6.7.2. Financial Performance
8.6.7.3. Type Benchmarking
8.6.8. Industrias Cazel
8.6.8.1. Company Overview
8.6.8.2. Financial Performance
8.6.8.3. Type Benchmarking
8.6.9. Axiom Group Inc.
8.6.9.1. Company Overview
8.6.9.2. Financial Performance
8.6.9.3. Type Benchmarking
8.6.10. Amra Plastic Moulders Inc.
8.6.10.1. Company Overview
8.6.10.2. Financial Performance
8.6.10.3. Type Benchmarking
List of Tables
Table 1 List of abbreviations
Table 2 North America Automotive Plastics Market 2018 - 2030 (Kilo Tons) (USD Million)
Table 3 North America market estimates and forecasts by Product, 2018 - 2030 (Kilo Tons) (USD Million)
Table 4 North America Automotive Plastics Market by ABS, 2018 - 2030 (Kilo Tons) (USD Million)
Table 5 North America Automotive Plastics Market by PP, 2018 - 2030 (Kilo Tons) (USD Million)
Table 6 North America Automotive Plastics Market by PU, 2018 - 2030 (Kilo Tons) (USD Million)
Table 7 North America Automotive Plastics Market by PVC, 2018 - 2030 (Kilo Tons) (USD Million)
Table 8 North America Automotive Plastics Market by PE, 2018 - 2030 (Kilo Tons) (USD Million)
Table 9 North America Automotive Plastics Market by PC, 2018 - 2030 (Kilo Tons) (USD Million)
Table 10 North America Automotive Plastics Market by PMMA, 2018 - 2030 (Kilo Tons) (USD Million)
Table 11 North America Automotive Plastics Market by PA (Nylon 6 & 66), 2018 - 2030 (Kilo Tons) (USD Million)
Table 12 North America Automotive Plastics Market by others, 2018 - 2030 (Kilo Tons) (USD Million)
Table 13 North America market estimates and forecasts by Process, 2018 - 2030 (Kilo Tons) (USD Million)
Table 14 North America Automotive Plastics Market by Injection Molding, 2018 - 2030 (Kilo Tons) (USD Million)
Table 15 North America Automotive Plastics Market by Blow Molding, 2018 - 2030 (Kilo Tons) (USD Million)
Table 16 North America Automotive Plastics Market by Thermoforming (Nylon 6 & 66), 2018 - 2030 (Kilo Tons) (USD Million)
Table 17 North America Automotive Plastics Market by others, 2018 - 2030 (Kilo Tons) (USD Million)
Table 18 North America market estimates and forecasts by Application, 2018 - 2030 (Kilo Tons) (USD Million)
Table 19 North America Automotive Plastics Market by Power Trains, 2018 - 2030 (Kilo Tons) (USD Million)
Table 20 North America Automotive Plastics Market by Electrical Components, 2018 - 2030 (Kilo Tons) (USD Million)
Table 21 North America Automotive Plastics Market by Interior Furnishings, 2018 - 2030 (Kilo Tons) (USD Million)
Table 22 North America Automotive Plastics Market by Exterior Furnishings, 2018 - 2030 (Kilo Tons) (USD Million)
Table 23 North America Automotive Plastics Market by Under the Hood (Nylon 6 & 66), 2018 - 2030 (Kilo Tons) (USD Million)
Table 24 North America Automotive Plastics Market by Chassis, 2018 - 2030 (Kilo Tons) (USD Million)
Table 25 U.S. market estimates and forecasts by Product, 2018 - 2030 (Kilo Tons) (USD Million)
Table 26 U.S. market estimates and forecasts by Process, 2018 - 2030 (Kilo Tons) (USD Million)
Table 27 U.S. market estimates and forecasts by Application, 2018 - 2030 (Kilo Tons) (USD Million)
Table 28 Canada market estimates and forecasts by Product, 2018 - 2030 (Kilo Tons) (USD Million)
Table 29 Canada market estimates and forecasts by Process, 2018 - 2030 (Kilo Tons) (USD Million)
Table 30 Canada market estimates and forecasts by Application, 2018 - 2030 (Kilo Tons) (USD Million)
Table 31 Mexico market estimates and forecasts by Product, 2018 - 2030 (Kilo Tons) (USD Million)
Table 32 Mexico market estimates and forecasts by Process, 2018 - 2030 (Kilo Tons) (USD Million)
Table 33 Mexico market estimates and forecasts by Application, 2018 - 2030 (Kilo Tons) (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Information Procurement
Fig. 6 Market Formulation and Validation
Fig. 7 Data Validating & Publishing
Fig. 8 Market Segmentation & Scope
Fig. 9 North America Automotive Plastics Market Snapshot
Fig. 10 Product Segment Snapshot, 2023 (Kilo Tons) (USD Million)
Fig. 11 Process Segment Snapshot, 2023 (Kilo Tons) (USD Million)
Fig. 12 Application Segment Snapshot, 2023 (Kilo Tons) (USD Million)
Fig. 13 Competitive Landscape Snapshot
Fig. 14 Parent market outlook
Fig. 15 North America Automotive Plastics Market Value, 2023 (Kilo Tons) (USD Million)
Fig. 16 North America Automotive Plastics Market - Value Chain Analysis
Fig. 17 North America Automotive Plastics Market - Market Dynamics
Fig. 18 North America Automotive Plastics Market - PORTER’s Analysis
Fig. 19 North America Automotive Plastics Market - PESTEL Analysis
Fig. 20 North America Automotive Plastics Market Estimates & Forecasts, By Product: Key Takeaways
Fig. 21 North America Automotive Plastics Market Share, By Product, 2023 & 2030
Fig. 22 ABS Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 23 PP Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 24 PU Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 25 PVC Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 26 PE Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 27 PC Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 28 PMMA Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 29 PA (Nylon 6 & 66) Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 30 Others Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 31 North America Automotive Plastics Market Estimates & Forecasts, By Process: Key Takeaways
Fig. 32 North America Automotive Plastics Market Share, By Process, 2023 & 2030
Fig. 33 Inject Molding Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 34 Blow Molding Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 35 Thermoforming Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 36 Others Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 37 North America Automotive Plastics Market Estimates & Forecasts, By Application: Key Takeaways
Fig. 38 North America Automotive Plastics Market Share, By Application, 2023 & 2030
Fig. 39 Power Train Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 40 Electrical Component Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 41 Interior Furnishing Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 42 Exterior Furnishing Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 43 Under the Hood Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 44 Chassis Market Estimates & Forecasts, 2018 - 2030 (Kilo Tons) (USD Million)
Fig. 45 U.S. Automotive Plastics Market Share, By Product, 2023 & 2030
Fig. 46 U.S. Automotive Plastics Market Share, By Process, 2023 & 2030
Fig. 47 U.S. Automotive Plastics Market Share, By Application, 2023 & 2030
Fig. 48 Canada Automotive Plastics Market Share, By Product, 2023 & 2030
Fig. 49 Canada Automotive Plastics Market Share, By Process, 2023 & 2030
Fig. 50 Canada Automotive Plastics Market Share, By Application, 2023 & 2030
Fig. 51 Mexico Automotive Plastics Market Share, By Product, 2023 & 2030
Fig. 52 Mexico Automotive Plastics Market Share, By Process, 2023 & 2030
Fig. 53 Mexico Automotive Plastics Market Share, By Application, 2023 & 2030
Fig. 54 Key Company Categorization
Fig. 55 Company Market Positioning
Fig. 56 Key Company Market Share Analysis, 2023

Companies Mentioned

  • Dow, Inc.
  • Hanwha Azdel Inc.
  • Lear Corporation
  • Owens Corning
  • Magna International, Inc.
  • Momentive Performance Materials, Inc.
  • DuPont de Nemours, Inc.
  • Industrias Cazel
  • Axiom Group Inc.
  • Amra Plastic Moulders Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages128
PublishedApril 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 5.04 Billion
Forecasted Market Value ( USD ) by 2030 $ 6.8 Billion
Compound Annual Growth Rate4.6%
Regions CoveredNorth America
No. of Companies Mentioned10

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About the Automotive Plastic Market

The Automotive Plastic market is an integral part of the automotive manufacturing industry. Automotive plastics are used in a variety of applications, from interior and exterior components to under-the-hood components. Automotive plastics are lightweight, durable, and cost-effective, making them an attractive option for automotive manufacturers. Automotive plastics are also resistant to corrosion, heat, and chemicals, making them ideal for use in harsh environments. Automotive plastics are also recyclable, making them an environmentally friendly option. The Automotive Plastic market is highly competitive, with a variety of companies offering a range of products. Companies such as BASF, Covestro, SABIC, and LyondellBasell are some of the major players in the market. Other companies such as Dow, ExxonMobil, and Eastman Chemical also offer automotive plastics. Show Less Read more

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