Polypropylene Automotive Additives Market is Estimated to Surpass US$ 2,900 Million Revenue by 2031 End

Market Taxonomy

This Fact.MR report discusses key prospects for growth of global automotive additives market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.

Scope

The scope of the report is to analyze the global automotive additives market for the period 2017-2022 and give readers an accurate, unbiased analysis. Automotive additives manufacturers, suppliers, and stakeholders in the overall automotive market can benefit from the insights offered in this report. The comprehensive analysis offered in the report can also be of interest to leading automotive journals and trade magazines.

Summary

The report begins with a concise summary of the global automotive additives market. This executive summary sets the tone for the rest of the report, giving users the scope of the report. The executive summary includes important facts and statistics on the global automotive additives market.

Overview

The next section is an overview of the global automotive additives market. This includes the introduction to the market and a standard definition of the product – automotive additives. In this section, year-over-year growth and market value is offered to readers. Year-over-year growth gives readers a broader picture on growth patterns during the forecast period.

The next section of the report offers a thorough description of the latest macroeconomic factors that have a bearing on the global automotive additives market. Considering the interconnectedness of the automotive additives market to global automotive market and, in general, the global economy, readers will get valuable insights on how international developments impact this market.

In a bid to keep readers up-to-date on the latest developments in the global automotive additives market, the report offers readers a roundup of the latest trends impacting the market. As the automotive sector is ever-evolving, staying abreast with latest trends and developments is paramount to formulating key business strategies. Information on supply chain, cost structure, pricing analysis, raw material sourcing, and list of distributors are offered to readers in this section.

Increasing number of automotive manufacturers are using plastics in the car. This trend of using plastic is also increasing as it helps in reducing the weight of the car. Hence, automotive addictive manufacturers are producing anti-scratch additives that can be used for interior and exterior applications. Manufacturers are also significantly investing in order to increase the speed and reduce production time involved in additive manufacturing. Meanwhile, additive manufacturers are also trying to produce new additives that can provide protection against scratch by reducing the friction. Increasing popularity of panoramic roofs in vehicles is also resulting in the heat and high UV light damaging the interior of a vehicle, hence light stabilizers are being provided to protect vehicle against UV rays. Using different materials for additive manufacturing can also open up possibilities for new design and for development of innovative end-products.

According to the report compiled by Fact.MR, the global automotive additives market is expected to witness steady growth. The market is projected to increase to 5.5% CAGR during the forecast period 2017-2022. Owing to the requirement of right stabilization for the exterior of a vehicle such as rocker panels, tailgates, bumpers, due to long-term exposure to sunlight and heat, there has been an increase in the use of plastic additives. Manufacturers are also focusing on offering new automotive additives that can offer long-term scratch resistance. Below insights show how the global automotive additives market will perform in the next five years.

6 Forecast Highlights on Global Automotive Additives Market

• North America is expected to dominate the global automotive additives market. Towards the end of 2022, North America automotive additives market is projected to exceed US$ 2,000 million revenue. Presence of the major market players and the increasing vehicle production are some of the factors fueling the growth of North America automotive additives market.
• Europe is expected to be the second most lucrative market in the global automotive additives market. Europe automotive additives market is expected to witness steady growth during the forecast period.
• Plasticizers are expected to be the most lucrative plastic additives. Plasticizers are projected to exceed US$ 2,400 million revenue by the end of 2022. Meanwhile, anti-scratch plastic additives are also expected to witness steady growth during the forecast period.
• Polypropylene (PP) is expected to be one of the most preferred plastics in the automotive additives market. Accounting nearly two-fifth of the revenue share by the end of 2017, polypropylene is projected to create an incremental opportunity of over US$ 700 million between 2017 and 2022.
• Interior automotive additives are expected to account for maximum revenue share. Interior automotive additives are projected to exceed US$ 2,600 million revenue by the end of 2022. Although Exterior automotive additives will also witness steady growth in the coming years.
• Compact passenger cars are expected to be the largest users of the automotive additives. Compact passenger cars are projected to account for nearly one-third of the revenue share by the end of 2017.