Automotive Bioplastic Trends and Forecast
The future of the global automotive bioplastic market looks promising with opportunities in the exterior, interior, and engine surrounding markets. The global automotive bioplastic market is expected to reach an estimated $1.2 billion by 2030 with a CAGR of 9.8% from 2024 to 2030. The major drivers for this market are increasing demand from the automotive industry, rapid urbanization and modernization across many countries, as well as, encouraging government activities linked to environmental restrictions to boost demand for bioplastics used in automobiles.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Bioplastic by Segment
The study includes a forecast for the global automotive bioplastic by material type, application, and region.
Automotive Bioplastic Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:
• Bio Poly-Amide
• Bio Poly-Trimethylene Terephthalate
• Bio Polyethylene Terephthalate
• Bio Polybutylene Succinate
• Bio Polypropylene
• Bio Polyethylene
Automotive Bioplastic Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Exterior
• Interior
• Engine Surrounding
• Others
Automotive Bioplastic Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Bioplastic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive bioplastic companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive bioplastic companies profiled in this report include-
• Mitsubishi Chemical
• TotalEnergies
• TEIJIN
• NatureWorks
• DENSO
Automotive Bioplastic Market Insights
Lucintel forecasts that bio poly-trimethylene terephthalate will remain the largest segment over the forecast period because it has excellent mechanical properties and is resistant to heat and chemicals.
Within this market, interior will remain the largest segment because they are becoming increasingly popular in automotive interiors owing to their aesthetic appeal.
North America will remain the largest region over the forecast period due to increasing research and development in the region.
Features of the Global Automotive Bioplastic Market
Market Size Estimates: Automotive bioplastic market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive bioplastic market size by material type, application, and region in terms of value ($B).
Regional Analysis: Automotive bioplastic market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different material type, application, and regions for the automotive bioplastic market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive bioplastic market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive bioplastic market size?
Answer: The global automotive bioplastic market is expected to reach an estimated $1.2 billion by 2030.
Q2. What is the growth forecast for automotive bioplastic market?
Answer: The global automotive bioplastic market is expected to grow with a CAGR of 9.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive bioplastic market?
Answer: The major drivers for this market are increasing demand from the automotive industry, rapid urbanization and modernization across many countries, as well as, encouraging government activities linked to environmental restrictions to boost demand for bioplastics used in automobiles.
Q4. What are the major segments for automotive bioplastic market?
Answer: The future of the global automotive bioplastic market looks promising with opportunities in the exterior, interior, and engine surrounding markets.
Q5. Who are the key automotive bioplastic market companies?
Answer: Some of the key automotive bioplastic companies are as follows:
• Mitsubishi Chemical
• TotalEnergies
• TEIJIN
• NatureWorks
• DENSO
Q6. Which automotive bioplastic market segment will be the largest in future?
Answer: Lucintel forecasts that bio poly-trimethylene terephthalate will remain the largest segment over the forecast period because it has excellent mechanical properties and is resistant to heat and chemicals.
Q7. In automotive bioplastic market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing research and development in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive bioplastic market by material type (bio poly-amide, bio poly-trimethylene terephthalate, bio polyethylene terephthalate, bio polybutylene succinate, bio polypropylene, and bio polyethylene), application (exterior, interior, engine surrounding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Bioplastic Market, Automotive Bioplastic Market Size, Automotive Bioplastic Market Growth, Automotive Bioplastic Market Analysis, Automotive Bioplastic Market Report, Automotive Bioplastic Market Share, Automotive Bioplastic Market Trends, Automotive Bioplastic Market Forecast, Automotive Bioplastic Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.