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Automobile Additive Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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The global automobile industry has been expanding rapidly, led by the high demand for automobiles across the world. Stringent government regulations such as those related to emissions, primarily in the U.S. and Europe, have encouraged automobile manufacturers to develop hybrid and electric vehicles. Automotive manufacturers are the primary adopters of additive manufacturing or 3D printing (3DP) technology. Increase in application of 3D printing among automotive manufacturers is driving the production and design of automobiles.

The global automobile additive industry is expected to expand at a rapid rate during the forecast period. Economic recovery in the U.S. and Europe has led boosted the automobile market. This recovery has resulted in higher per capita income, easy credit facilities, and increased employment. This, in turn, is estimated to propel the automobile additive market. Automobile manufacturers are likely to increase their production capacities either through expansion of the existing facilities or installation of new facilities. Increase in usage of plastic in line with the changes in trend of using lightweight vehicles, implementation of stringent emission regulations, rise in the production of passenger cars, and electrification of vehicles are the major factors driving the automobile additives market.

In terms of application, the automobile additive market can be segmented into exterior, interior, under the hood, and electronics & electrical. The interior application segment is anticipated to hold major share of the market due to the increase in usage of plastic. Demand for automobile additive is estimated to rise due to the increasing focus on safety, esthetics, comfort, quality, durability, and color. In line with this, the use of plastics in automobile has been rising due to the growth in demand for lightweight material vehicles and implementation of stringent emission regulations.

Based on plastic additives, the automobile additive market can be divided into plasticizers, anti-scratch, stabilizers, antioxidants, and others. In terms of plastic, the automobile additive market can be segregated into polypropylene (PP), polyurethane (PUR), polyvinyl chloride (PVC), and acrylonitrile butadiene styrene (ABS). Polypropylene is anticipated to be a rapidly growing segment, due to the increasing use of polypropylene plastics in the automotive industry. The application of polypropylene plastics is more than polyurethane, poly-vinyl chloride, and others. Furthermore, large production of passenger cars and electric vehicles in countries such as China, the U.S., and Japan is projected to augment the demand for polypropylene in these countries. In terms of vehicle type, the automobile additive market can be classified into passenger car, light commercial vehicle, heavy commercial vehicle, and electric vehicle.

Based on geography, the global automobile additive market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is one of the key consumers of automotive additive across the globe. . Furthermore, demand of vehicle in developing countries and changing lifestyles also play a part in propelling the automobile additive market. Asia Pacific is estimated to be a rapidly growing region of the automobile additive market, as the region accounts for large production of passenger cars and electric vehicles. Major concern regarding fuel efficiency has also boosted the demand for automotive additives.

The Corporate Average Fuel Economy (CAFÉ) regulation emphasizes on lowering emission and increasing demand for lightweight materials in the automotive industry. This is likely to propel the automobile additive market. Growth in urbanization, rise in consumer spending, and rapid industrialization in Asia Pacific are estimated to augment the demand for additives used in automobiles. The automobile additive market in North America and Europe is projected to expand at a moderate pace during the forecast period due to the technological advancement and well established market.

Key players operating in the global automobile additive market include ExxonMobil Corporation, BASF SE, Covestro AG, Sabic, Akzo Nobel N.V., and The Dow Chemical Company.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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