Product Code: GVR-4-68040-079-4
Automotive Plastic Compounding Market Growth & Trends:
The global automotive plastic compounding market size is estimated to reach USD 4.54 billion by 2030, expanding at a CAGR of 6.44% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is projected to register substantial growth due to the rising demand for lightweight electric and hybrid vehicles, along with the presence of major automotive manufacturers.
Key automotive manufacturers are establishing their production and R&D facilities which have created lucrative opportunities for the plastic compounding market. Furthermore, the growing usage of high-performance plastic compounded components by manufacturers to achieve weight reduction and fuel efficiency in passenger as well as sports cars have augmented the demand for plastic compounds globally.
Automotive is one of the developed industries in India. Several factors including population growth, rapid urbanization, rising disposable incomes, and diminishing unemployment rate in India have played an important role in developing automobile manufacturing in the country.The demand for automotive components fuels the demand for polypropylene compounds in the automotive industry over the forecast period.
Polyamide (PA) compounds are widely used across automotive applications due to their rigidity, sliding friction, dimensional stability, and chemical resistance. Polyamide is used to replace metal in automotive parts, where design flexibility and temperature & chemical resistance are critical. It has an excellent surface appearance and exceptional chemical, heat, & fatigue resistance. The aforementioned properties contribute to its widespread automotive application scope, in turn, boosting the product demand globally.
Automotive Plastic Compounding Market Report Highlights:
- Asia Pacific dominated the overall market, while North America is expected to grow at the fastest CAGR in terms of revenue over the forecast period. The rise in automobile production in the North America region particularly in Canada and the U.S. are likely to drive market growth
- Polypropylene (PP) accounted to be the largest product segment in the global market in 2024 and is also anticipated to dominate the market over the forecast period
- Interior dominated the application segment in the market accounting for over 44.65% in terms of revenue. The developing technologies in the manufacturing of lightweight interior parts of automotive is expected to boost the market over the forecast period
- In June 2024, Borealis launched a new product called Borcycle GD3600SY, a glass-fiber reinforced PP compound that incorporates 65% post-consumer recycled (PCR) materials. This innovative compound is to be first utilized in the Peugeot 3008 for center console carriers, marking a significant advancement in automotive sustainability.
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. GVR's 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. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Automotive Plastic Compounding Market Variables, Trends & Scope
- 3.1. Global Automotive Plastic Compounding Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Profit Margin Analysis of Key value chain participants
- 3.2.2. Raw Product Trends
- 3.2.3. Raw Product Price Analysis
- 3.3. Technology Overview
- 3.4. Analysis of Potential Sustainable Substitute Product
- 3.5. Impact of Circular Economy
- 3.6. Average Price Trend Analysis, 2018 to 2030 (USD/kg)
- 3.6.1. Key Factors Influencing Pricing
- 3.7. Supply-Demand GAP Analysis, 2023
- 3.8. Regulatory Framework
- 3.8.1. Policies and Incentive Plans
- 3.8.2. Standards and Compliances
- 3.8.3. Regulatory Impact Analysis
- 3.9. Market Dynamics
- 3.9.1. Market Driver Analysis
- 3.9.2. Market Restraint Analysis
- 3.9.3. Industry Challenges
- 3.10. Porter's Five Forces Analysis
- 3.10.1. Supplier Power
- 3.10.2. Buyer Power
- 3.10.3. Substitution Threat
- 3.10.4. Threat from New Entrant
- 3.10.5. Competitive Rivalry
- 3.11. PESTEL Analysis
- 3.11.1. Political Landscape
- 3.11.2. Economic Landscape
- 3.11.3. Social Landscape
- 3.11.4. Technological Landscape
- 3.11.5. Environmental Landscape
- 3.11.6. Legal Landscape
Chapter 4. Automotive Plastic Compounding Market: Product Outlook Estimates & Forecasts
- 4.1. Automotive Plastic Compounding Market: Product Movement Analysis, 2023 & 2030
- 4.1.1. Polypropylene (PP)
- 4.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.2. Polyethylene (PE)
- 4.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.3. Thermoplastic elastomers (TPE)
- 4.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.4. Polybutylene Terephthalate (PBT)
- 4.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.5. Polyamide (PA)
- 4.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.6. Polycarbonate (PC)
- 4.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.7. Acrylonitrile Butadiene Systems (ABS)
- 4.1.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.8. Styrene Acrylonitrile (SAN)
- 4.1.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.9. Polymethyl methacrylate (PMMA)
- 4.1.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.10. Polyoxymethylene (POM)
- 4.1.10.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 4.1.11. Blends (PC/ABS, ABS/PBT, PS/PP)
- 4.1.11.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Automotive Plastic Compounding Market: Application Outlook Estimates & Forecasts
- 5.1. Automotive Plastic Compounding Market: Application Movement Analysis, 2023 & 2030
- 5.1.1. Interior
- 5.1.1.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.2. Exterior
- 5.1.2.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.3. Under the Hood
- 5.1.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.4. Structural Parts
- 5.1.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.5. Electrical Components & Lighting
- 5.1.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 5.1.6. Others
- 5.1.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Automotive Plastic Compounding Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Automotive Plastic Compounding Market: Regional Movement Analysis, 2023 & 2030
- 6.3. North America
- 6.3.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. U.S.
- 6.3.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. Canada
- 6.3.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. Mexico
- 6.3.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Europe
- 6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. Germany
- 6.4.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. France
- 6.4.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. UK
- 6.4.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7. Italy
- 6.4.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8. Netherlands
- 6.4.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.9. Austria
- 6.4.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.9.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.9.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.10. Switzerland
- 6.4.10.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.10.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.10.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.11. Hungary
- 6.4.11.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.11.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.11.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.12. Czech Republic
- 6.4.12.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.12.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.12.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Asia Pacific
- 6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. China
- 6.5.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5. India
- 6.5.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6. Japan
- 6.5.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7. South Korea
- 6.5.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8. Indonesia
- 6.5.8.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.8.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.9. Thailand
- 6.5.9.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.9.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.9.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Latin America
- 6.6.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4. Brazil
- 6.6.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5. Argentina
- 6.6.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.7. Middle East & Africa
- 6.7.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.4.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5. South Africa
- 6.7.5.1. Market estimates and forecast, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5.2. Market estimates and forecast, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.7.5.3. Market estimates and forecast, by application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company categorization
- 7.2.2. List of Key Distributors and channel Partners
- 7.2.3. List of Potential Customers/End-users
- 7.3. Competitive Dynamics
- 7.3.1. Company Market Share Analysis & Market Positioning
- 7.3.2. Competitive Benchmarking
- 7.3.3. Strategy Mapping
- 7.3.4. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. Participant's overview
- 7.4.2. Financial performance
- 7.4.3. Product benchmarking
- 7.4.3.1. LyondellBasell Industries Holdings B.V.
- 7.4.3.2. BASF SE
- 7.4.3.3. SABIC
- 7.4.3.4. Dow
- 7.4.3.5. Ferro Corporation
- 7.4.3.6. Ascend Performance Materials
- 7.4.3.7. Washington Pen
- 7.4.3.8. Ravago
- 7.4.3.9. KRATON CORPORATION
- 7.4.3.10. Chevron Phillips Chemical Company LLC
- 7.4.3.11. SCG Chemicals Public Company Limited