| Product Code: ETC4575925 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India automotive plastic additives market import shipments exhibited a gradual growth trend with a CAGR of 0.7% from 2020 to 2024. However, a notable decline in growth rate of -5.2% between 2023 and 2024 indicated a slowdown in market expansion towards the end of the period.
The India automotive plastic additives market has witnessed growth due to the increasing use of plastics in vehicle manufacturing. Plastic additives are essential for enhancing the performance, durability, and appearance of plastic components in automobiles. With the demand for lightweight materials and improved fuel efficiency, automotive manufacturers are incorporating plastic materials in various vehicle parts. The market is characterized by innovations in plastic additive technologies to meet stringent quality and environmental standards. As the automotive industry continues to pursue lightweighting and cost-effective solutions, the automotive plastic additives market is expected to expand.
The automotive plastic additives market in India is influenced by the need for lightweight and fuel-efficient vehicles to meet stringent emission regulations. Plastic additives, such as fillers and stabilizers, play a vital role in achieving weight reduction and improving durability, making them essential in the automotive industry.
The India automotive plastic additives market encounters challenges in developing additives that enhance performance, durability, and sustainability while complying with regulations aimed at reducing environmental impact.
The India automotive plastic additives market faced challenges during the COVID-19 pandemic as the automotive industry slowed down. Plastic additives play a crucial role in enhancing the performance and durability of plastic components in vehicles. As the industry resumes normal operations and as manufacturers seek lightweight and sustainable materials, the demand for automotive plastic additives is expected to rebound.
Major players in the automotive plastic additives market include Clariant Chemicals India, BASF India, and A. Schulman Plastics. They provide plastic additives for enhancing the performance and durability of automotive plastic components.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Plastic Additives Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Plastic Additives Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Plastic Additives Market - Industry Life Cycle |
3.4 India Automotive Plastic Additives Market - Porter's Five Forces |
3.5 India Automotive Plastic Additives Market Revenues & Volume Share, By Additives, 2021 & 2031F |
3.6 India Automotive Plastic Additives Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Automotive Plastic Additives Market Revenues & Volume Share, By Plastic, 2021 & 2031F |
4 India Automotive Plastic Additives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight materials in automotive manufacturing to improve fuel efficiency and reduce emissions |
4.2.2 Growing automotive industry in India leading to higher production of vehicles requiring plastic additives |
4.2.3 Emphasis on enhancing vehicle aesthetics and functionality, driving the use of plastic additives in automotive applications |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of plastic additives production |
4.3.2 Stringent environmental regulations on plastic usage and disposal affecting the market growth |
4.3.3 Competition from alternative materials like composites and metals in automotive applications |
5 India Automotive Plastic Additives Market Trends |
6 India Automotive Plastic Additives Market, By Types |
6.1 India Automotive Plastic Additives Market, By Additives |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Plastic Additives Market Revenues & Volume, By Additives, 2021-2031F |
6.1.3 India Automotive Plastic Additives Market Revenues & Volume, By Plasticizers, 2021-2031F |
6.1.4 India Automotive Plastic Additives Market Revenues & Volume, By Anti-Scratch, 2021-2031F |
6.1.5 India Automotive Plastic Additives Market Revenues & Volume, By Stabilizers, 2021-2031F |
6.1.6 India Automotive Plastic Additives Market Revenues & Volume, By Antioxidants, 2021-2031F |
6.2 India Automotive Plastic Additives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Plastic Additives Market Revenues & Volume, By Exterior, 2021-2031F |
6.2.3 India Automotive Plastic Additives Market Revenues & Volume, By Interior, 2021-2031F |
6.2.4 India Automotive Plastic Additives Market Revenues & Volume, By Under the Hood, 2021-2031F |
6.3 India Automotive Plastic Additives Market, By Plastic |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Plastic Additives Market Revenues & Volume, By PP, 2021-2031F |
6.3.3 India Automotive Plastic Additives Market Revenues & Volume, By PUR, 2021-2031F |
6.3.4 India Automotive Plastic Additives Market Revenues & Volume, By PVC, 2021-2031F |
6.3.5 India Automotive Plastic Additives Market Revenues & Volume, By ABS, 2021-2031F |
7 India Automotive Plastic Additives Market Import-Export Trade Statistics |
7.1 India Automotive Plastic Additives Market Export to Major Countries |
7.2 India Automotive Plastic Additives Market Imports from Major Countries |
8 India Automotive Plastic Additives Market Key Performance Indicators |
8.1 Adoption rate of advanced plastic additives technologies in the automotive sector |
8.2 Number of new product developments and innovations in the India automotive plastic additives market |
8.3 Percentage increase in the use of plastic additives in key automotive applications in India |
9 India Automotive Plastic Additives Market - Opportunity Assessment |
9.1 India Automotive Plastic Additives Market Opportunity Assessment, By Additives, 2021 & 2031F |
9.2 India Automotive Plastic Additives Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Automotive Plastic Additives Market Opportunity Assessment, By Plastic, 2021 & 2031F |
10 India Automotive Plastic Additives Market - Competitive Landscape |
10.1 India Automotive Plastic Additives Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Plastic Additives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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