The North America automotive plastics for exterior trim market size is expected to reach USD 28.65 million by 2028, according to a new report by the publisher. It is expected to expand at a CAGR of 3.8% from 2021 to 2028. The North American market is anticipated to grow due to the use of plastics in the manufacturing of exterior trim components, such as front grills, spoiler, pillar panels, and rear bumpers for lightweight vehicles. Polycarbonate/acrylonitrile butadiene styrene (PC/ABS) blends have emerged as a suitable material for manufacturing automotive exterior trims. Their good impact strength at cold temperatures, high-temperature stability, and processability to injection molding makes them suitable for front grills.
The prominent vehicle manufacturers in North America are shifting towards electric vehicles and are investing significantly to attain their vehicle electrification goals. For instance, in September 2021, Ford Motor Company announced to invest USD 11 billion to boost electric vehicle production. It plans to transform at least 40% of its fleet to be battery-powered within nine years. The growing investment in electric vehicles is expected to drive the demand for automotive plastics for exterior trim.
Key players are carrying out strategic initiatives such as mergers and acquisitions to strengthen their position in the North American market. For instance, in December 2020, U.S.-based Trinseo S.A. announced its decision to acquire the polymethyl methacrylate (PMMA) business of Arkema valued at USD 1.39 billion (EUR 1.14 billion). This strategic initiative is expected to result in Trinseo S.A. gaining control over 7 production sites (4 in Europe and 3 in North America).
Acrylonitrile styrene acrylate (ASA) exhibits excellent weathering resistance, high impact strength, and chemical resistance, resulting in the increased usage of ASA in radiator grills and mirrors. Plastic resin manufacturers are setting up manufacturing facilities as a part of their expansion plan to strengthen their position in North America. In 2019, INEOS announced setting up an ASA resin manufacturing facility in Texas, U.S.
Key players are carrying out strategic initiatives such as mergers and acquisitions to strengthen their position in the North American market. For instance, in December 2020, U.S.-based Trinseo S.A. announced its decision to acquire the polymethyl methacrylate (PMMA) business of Arkema valued at USD 1.39 billion (EUR 1.14 billion). This strategic initiative is expected to result in Trinseo S.A. gaining control over 7 production sites (4 in Europe and 3 in North America).
Acrylonitrile styrene acrylate (ASA) exhibits excellent weathering resistance, high impact strength, and chemical resistance, resulting in the increased usage of ASA in radiator grills and mirrors. Plastic resin manufacturers are setting up manufacturing facilities as a part of their expansion plan to strengthen their position in North America. In 2019, INEOS announced setting up an ASA resin manufacturing facility in Texas, U.S.
North America Automotive Plastics For Exterior Trim Market Report Highlights
- The front grill end-use segment is expected to register the fastest CAGR over the forecast period in terms of revenue. This is attributed to the rising demand for polycarbonate/acrylonitrile butadiene styrene (PC/ABS) blends and acrylonitrile styrene acrylate (ASA) resins
- The growing demand for automotive plastics as a replacement material for metal alloys in the exterior trim market is driven by the increasing demand for lightweight vehicles, which results in improving vehicle engine efficiency
- The advancement in the recycling process of plastic waste generated from the automotive industry is anticipated to boost the demand for automotive plastics over the forecast period
- The U.S. accounted for more than 80.0% share of the overall revenue in 2020 and is expected to witness the fastest growth over the forecast period
Table of Contents
Chapter 1 Methodology and Scope1.1 Research Methodology
1.2 Research scope and assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations
Chapter 2 Executive Summary
2.1 Market Summary
2.2 Segmental Outlook
Chapter 3 North America Automotive Plastics for Exterior Trim Market - Variables, Trends, & Scope
3.1 Market Lineage Outlook
3.1.1 Global Plastics Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.2 Manufacturing Trends
3.3.2.1 Injection Molding
3.3.2.2 Extrusion
3.3.2.3 Thermoforming
3.4 Regulatory Framework
3.4.1 Standard & Compliances
3.4.2 Safety
3.4.2.1 Hazard Identification
3.4.2.2 First Aid Measures
3.4.2.3 Fire Fighting Measures
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Increasing demand for lightweight vehicles
3.5.1.2 Advancements in the recycling process of plastic waste generated from the automotive industry
3.5.2 Market Restraint Analysis
3.5.2.1 Volatile Raw Material Prices
3.6 Business Environment Analysis: North America Automotive Plastics for Exterior Trim Market
3.6.1 Porter’s Five Force Analysis
3.6.2 PESTEL Analysis
Chapter 4 North America Automotive Plastics for Exterior Trim Market: Product Estimates & Trend Analysis
4.1 Market: Product movement analysis, 2020 & 2028
4.2 Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS) Blend
4.2.1 Market estimates and forecasts, By Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS) Blend, 2017 - 2028 (Tons) (USD Thousands)
4.3 Acrylonitrile Styrene Acrylate (ASA)
4.3.1 Market estimates and forecasts, By acrylonitrile styrene acrylate (ASA), 2017 - 2028 (Tons) (USD Thousands)
4.4 Polymethyl Methacrylate (PMMA)
4.4.1 Market estimates and forecasts, By Polymethyl Methacrylate (PMMA), 2017 - 2028 (Tons) (USD Thousands)
4.5 Polymethyl Methacrylate/Acrylonitrile Styrene Acrylate (PMMA/ASA) Blend
4.5.1 Market estimates and forecasts, By Polymethyl Methacrylate/Acrylonitrile Styrene Acrylate (PMMA/ASA) Blend, 2017 - 2028 (Tons) (USD Thousands)
Chapter 5 North America Automotive Plastics for Exterior Trim Market: End-use Estimates & Trend Analysis
5.1 Market: End-use movement analysis, 2020 & 2028
5.2 Front Grill
5.2.1 Market estimates and forecasts, By Front Grill, 2017 - 2028 (Tons) (USD Thousands)
5.3 Spoiler
5.3.1 Market estimates and forecasts, By Spoiler, 2017 - 2028 (Tons) (USD Thousands)
5.4 Pillar Panel
5.4.1 Market estimates and forecasts, By Pillar Panel, 2017 - 2028 (Tons) (USD Thousands)
5.5 Rear Bumper
5.5.1 Market estimates and forecasts, By Rear Bumper, 2017 - 2028 (Tons) (USD Thousands)
Chapter 6 North America Automotive Plastics for Exterior Trim Market: Country Estimates & Trend Analysis
6.1 Market: Country movement analysis, 2020 & 2028
6.2 U.S.
6.2.1 Market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousands)
6.2.2 Market estimates and forecasts, by product, 2017 - 2028 (tons) (USD Thousands)
6.2.3 Market estimates and forecasts, by end-use, 2017 - 2028 (tons) (USD Thousands)
6.3 Canada
6.3.1 Market estimates and forecasts, by product, 2017 - 2028 (tons) (USD Thousands)
6.3.2 Market estimates and forecasts, by product, 2017 - 2028 (tons) (USD Thousands)
6.3.3 Market estimates and forecasts, by end-use, 2017 - 2028 (tons) (USD Thousands)
6.4 Mexico
6.4.1 Market estimates and forecasts, 2017 - 2028 (tons) (USD Thousands)
6.4.2 Market estimates and forecasts, by product, 2017 - 2028 (tons) (USD Thousands)
6.4.3 Market estimates and forecasts, by end-use, 2017 - 2028 (tons) (USD Thousands)
Chapter 7 Competitive Analysis
7.1 Key global players along with the recent developments & their impact on the industry
7.2 Key Company/Competition Categorization
7.3 Vendor Landscape
7.3.1 List of distributors and channel partners
7.3.2 List of Potential Customers/TIER-1 (OEM’s)
7.3.3 List of Potential Customers for PMMA/ASA Blend
7.4 Public Companies
7.4.1 Competitive Dashboard Analysis
Chapter 8 Company Profiles
8.1 Company Profiles
8.1.1 SABIC
8.1.1.1 Company Overview
8.1.1.2 Financial Performance
8.1.1.3 Product Benchmarking
8.1.1.4 Strategic Initiatives
8.1.2 LG Chem
8.1.2.1 Company Overview
8.1.2.2 Financial Performance
8.1.2.3 Product benchmarking
8.1.3 Trinseo S.A.
8.1.3.1 Company Overview
8.1.3.2 Financial Performance
8.1.3.3 Product Benchmarking
8.1.3.4 Strategic Initiatives
8.1.4 Covestro AG
8.1.4.1 Company overview
8.1.4.2 Financial performance
8.1.4.3 Product Benchmarking
8.1.5 Mitsubishi Chemical Corporation
8.1.5.1 Company Overview
8.1.5.2 Financial Performance
8.1.5.3 Product benchmarking
8.1.6 RTP Company
8.1.6.1 Company Overview
8.1.6.2 Product benchmarking
8.1.7 LOTTE Chemical CORPORATION
8.1.7.1 Company Overview
8.1.7.2 Financial Performance
8.1.7.3 Product benchmarking
8.1.8 Sumitomo Chemical Co., Ltd.
8.1.8.1 Company Overview
8.1.8.2 Financial Performance
8.1.8.3 Product benchmarking
8.1.9 Gehr Kunstoffwerk GmbH & Co. KG
8.1.9.1 Company Overview
8.1.9.2 Product benchmarking
8.1.10 Asahi Kasei Corporation
8.1.10.1 Company overview
8.1.10.2 Financial performance
8.1.10.3 Product benchmarking
List of Tables
Table 1 List of Abbreviations
Table 2 North America Automotive Plastics for Exterior Trim Market estimates and forecasts, by polycarbonate/acrylonitrile butadiene styrene (PC/ABS) blend, 2017 - 2028 (Tons) (USD Thousands)
Table 3 North America Automotive Plastics for Exterior Trim Market estimates and forecasts, by acrylonitrile styrene acrylate (ASA), 2017 - 2028 (Tons) (USD Thousands)
Table 4 North America Automotive Plastics for Exterior Trim Market estimates and forecasts, by polymethyl methacrylate (PMMA), 2017 - 2028 (Tons) (USD Thousands)
Table 5 North America Automotive Plastics for Exterior Trim Market estimates and forecasts, by polymethyl methacrylate/Acrylonitrile styrene acrylate (PMMA/ASA) blend, 2017 - 2028 (Tons) (USD Thousands)
Table 6 North America Automotive Plastics for Exterior Trim Market estimates and forecasts, by front grill, 2017 - 2028 (Tons) (USD Thousands)
Table 7 North America Automotive Plastics for Exterior Trim Market estimates and forecasts, by spoiler, 2017 - 2028 (Tons) (USD Thousands)
Table 8 North America Automotive Plastics for Exterior Trim Market estimates and forecasts, by pillar panel, 2017 - 2028 (Tons) (USD Thousands)
Table 9 North America Automotive Plastics for Exterior Trim Market estimates and forecasts, by rear bumper, 2017 - 2028 (Tons) (USD Thousands)
Table 10 U.S. automotive plastics for exterior trim market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousands)
Table 11 U.S. automotive plastics for exterior trim market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 12 U.S. automotive plastics for exterior trim market estimates and forecasts, by product, 2017 - 2028 (USD Thousands)
Table 13 U.S. automotive plastics for exterior trim market estimates and forecasts, by end use, 2017 - 2028 (Tons)
Table 14 U.S. automotive plastics for exterior trim market estimates and forecasts, by end use, 2017 - 2028 (USD Thousands)
Table 15 Canada automotive plastics for exterior trim market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousands)
Table 16 Canada automotive plastics for exterior trim market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 17 Canada automotive plastics for exterior trim market estimates and forecasts, by product, 2017 - 2028 (USD Thousands)
Table 18 Canada automotive plastics for exterior trim market estimates and forecasts, by end use, 2017 - 2028 (Tons)
Table 19 Canada automotive plastics for exterior trim market estimates and forecasts, by end use, 2017 - 2028 (USD Thousands)
Table 20 Mexico automotive plastics for exterior trim market estimates and forecasts, 2017 - 2028 (Tons) (USD Thousands)
Table 21 Mexico automotive plastics for exterior trim market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 22 Mexico automotive plastics for exterior trim market estimates and forecasts, by product, 2017 - 2028 (USD Thousands)
Table 23 Mexico automotive plastics for exterior trim market estimates and forecasts, by end use, 2017 - 2028 (Tons)
Table 24 Mexico automotive plastics for exterior trim market estimates and forecasts, by end use, 2017 - 2028 (USD Thousands)List of Figures
Figure. 1 Information procurement
Figure. 2 Primary research pattern
Figure. 3 Primary Research Process
Figure. 4 Market research approaches - Bottom-Up Approach
Figure. 5 Market research approaches - Top-Down Approach
Figure. 6 Market research approaches - Combined Approach
Figure. 7 North America Automotive Plastics for Exterior Trim Market Snapshot, 2020 (USD Thousands)
Figure. 8 North America Automotive Plastics for Exterior Trim Market Segmentation
Figure. 9 North America Automotive Plastics for Exterior Trim Market: Penetration & growth prospect mapping
Figure. 10 North America Automotive Plastics for Exterior Trim Market: Penetration & growth prospect mapping
Figure. 11 Brent and West Texas Intermediate (WTI) Crude Oil Prices, 2017-2020 (USD/Barrel)
Figure. 12 Porter’s Five Forces Analysis: North America Automotive Plastics for Exterior Trim Market
Figure. 13 PESTEL Analysis: North America Automotive Plastics for Exterior Trim Market
Figure. 14 North America Automotive Plastics for Exterior Trim Market: Product movement analysis, 2020 & 2028
Figure. 15 North America Automotive Plastics for Exterior Trim Market: End-use movement analysis, 2020 & 2028
Figure. 16 North America Automotive Plastics for Exterior Trim Market: Country movement analysis, 2020 & 2028
Figure. 17 Competitive Dashboard Analysis
Companies Mentioned
- SABIC
- LG Chem
- Trinseo S.A.
- Covestro AG
- Mitsubishi Chemical Corporation
- RTP Company
- LOTTE Chemical CORPORATION
- Sumitomo Chemical Co., Ltd.
- Gehr Kunstoffwerk GmbH & Co. KG
- Asahi Kasei Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 56 |
| Published | November 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 19.57 million |
| Forecasted Market Value ( USD | $ 28.65 million |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
