HOME Top Market Reports Automotive Additives Market by Plastic Additives (Plasticizers, Anti-Scratch, Stabilizers, Antioxidants), Application (Exterior, Interior, Under the Hood), Plastic (PP, PUR, PVC, and ABS), Vehicle Type, EV Type, and Region - Global Forecast to 2022

Automotive Additives Market by Plastic Additives (Plasticizers, Anti-Scratch, Stabilizers, Antioxidants), Application (Exterior, Interior, Under the Hood), Plastic (PP, PUR, PVC, and ABS), Vehicle Type, EV Type, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: May 2017
Report Code: AT 5316

 

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The automotive additives market is estimated to be USD 6.25 Billion in 2017, and is projected to grow at a CAGR of 6.52% during the forecast period. The base year for the report is 2016 and the forecast year is 2022. The objective of the study is to analyze and forecast (2017 to 2022) the market size, in terms of volume (kilotons) and value (USD million), of the automotive additives market. The report segments the market by plastic additives, automotive application, plastic type, and vehicle type based on region North America, Europe, Asia-Pacific, and the Rest of the World (RoW). A detailed study of various market leaders has been done and opportunity analysis has been provided in the report.

Various secondary sources, such as company annual reports/presentations, press releases, industry association publications, International Organization of Motor Vehicle Manufacturers (OICA), American Chemistry Council (ACC), MarkLines database, magazine articles, encyclopedias, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases have been used to identify and collect information useful for an extensive study of this market. The primary sources experts from related industries, automotive additives manufacturers, and additives experts have been interviewed to obtain and verify critical information, as well as to assess future prospects and market estimations. The top-down approach has been used for market estimation and calculation of the automotive additives market size.

The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Automotive Additives Market

To know about the assumptions considered for the study, download the pdf brochure

The global market consists of various additives manufacturers such as BASF SE (Germany), ExxonMobil Corporation (U.S.), Covestro AG (Germany), The Dow Chemical Company (U.S.), Sabic (Saudi Arabia), and Akzo Nobel N.V. (Netherlands) among others.

Target Audience

  • Automobile manufacturers
  • Distributors and suppliers of plastic additives
  • Industry associations and experts
  • Plastic component manufacturers
  • Additive manufacturers

Scope of the Report

  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • RoW
  • By Plastic Additives
    • Plasticizers
    • Anti-Scratch
    • Stabilizers
    • Antioxidants
    • Others
  • By Automotive Application
    • Exterior
    • Interior
    • Under the Hood
    • Electronics & Electrical
  • By Plastic
    • Polypropylene (PP)
    • Polyurethane (PUR)
    • Poly-Vinyl Chloride (PVC)
    • Acrylonitrile Butadiene Styrene (ABS)
  • By Vehicle Type
    • Passenger Car
    • Light Commercial Vehicle
    • Heavy Commercial Vehicle
    • Electric Vehicle

Available Customizations

  • Automotive additives Market, by vehicle type, by country, by application
  • Profiling of additional market players (Up to 3)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
    2.2 Secondary Data
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Data Triangulation
    2.5 Factor Analysis
           2.5.1 Introduction
           2.5.2 Demand Side Analysis
                    2.5.2.1 Increasing Demand for Lightweight Vehicles
                    2.5.2.2 Design Flexibility
           2.5.3 Supply Side Analysis
                    2.5.3.1 Oems Focus on Safety, Comfort, and Aesthetics in Vehicle
                    2.5.3.2 Functional Advancements in Automotive Industry
    2.6 Market Size Estimation
    2.7 Assumptions

3 Executive Summary (Page No. - 29)
    3.1 Introduction

4 Premium Insights (Page No. - 34)
    4.1 Introduction
    4.2 Opportunities in this Market
    4.3 Automotive Additives Market, By Region, 2017 vs 2022
    4.4 Market, By Vehicle Type, 2017 vs 2022
    4.5 Market, By Plastic Type, 2017 vs 2022
    4.6 Market, By Automotive Application Type, 2017 vs 2022
    4.7 Market, By Plastic Additive Type, 2017 vs 2022

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Automotive Additives Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Innovation in Vehicle Design
                    5.3.1.2 Optimum Fuel Efficiency
                    5.3.1.3 Reduction in Production Costs
                    5.3.1.4 Safety and Security
           5.3.2 Restraints
                    5.3.2.1 Effect on Health and Related Issues
           5.3.3 Opportunities
                    5.3.3.1 Opportunities in 3D Printing Market
                    5.3.3.2 Reduction in Cost of Vehicle
                    5.3.3.3 Electrification of Vehicles
           5.3.4 Challenges
                    5.3.4.1 Government Regulations to Meet Cafe Standards

6 Automotive Additives Market, By Plastic Additives (Page No. - 49)
    6.1 Introduction
    6.2 Automotive Additives Market, By Plastic Additives
           6.2.1 Plasticizers: Market, By Region
           6.2.2 Anti-Scratch: Market, By Region
           6.2.3 Stabilizers: Market, By Region
           6.2.4 Antioxidants: Market, By Region
           6.2.5 Others: Market, By Region

7 Automotive Additives Market, By Plastic Type (Page No. - 57)
    7.1 Introduction
    7.2 Polypropylene
           7.2.1 Introduction
           7.2.2 Automotive Additives Market for Polypropylene
           7.2.3 Asia-Pacific: Market for Polypropylene
           7.2.4 Europe: Market for Polypropylene
           7.2.5 North America: Market for Polypropylene
           7.2.6 RoW: Market for Polypropylene
    7.3 Polyurethane (PUR)
           7.3.1 Introduction
           7.3.2 Automotive Additives Market for Polyurethane
           7.3.3 Asia-Pacific: Market for Polyurethane
           7.3.4 Europe: Market for Polyurethane
           7.3.5 North America: Market for Polyurethane
           7.3.6 RoW: Market for Polyurethane
    7.4 Poly-Vinyl-Chloride (PVC)
           7.4.1 Introduction
           7.4.2 Automotive Additives Market for Poly-Vinyl-Chloride
           7.4.3 Asia-Pacific: Market for Poly-Vinyl-Chloride
           7.4.4 Europe: Market for Poly-Vinyl-Chloride
           7.4.5 North America: Market for Poly-Vinyl-Chloride
           7.4.6 RoW: Market for Poly-Vinyl-Chloride
    7.5 Acrylonitrile Butadiene Styrene (ABS)
           7.5.1 Introduction
           7.5.2 Asia-Pacific: Automotive Additives Market for Acrylonitrile Butadiene Styrene
           7.5.3 Europe: Market for Acrylonitrile Butadiene Styrene
           7.5.4 North America: Market for Acrylonitrile Butadiene Styrene
           7.5.5 RoW: Market for Acrylonitrile Butadiene Styrene

8 Automotive Additives Market, By Automotive Application (Page No. - 76)
    8.1 Introduction
    8.2 Automotive Additives Market, By Automotive Application
           8.2.1 Exterior Application: Market, By Region
           8.2.2 Interior Application: Market, By Region
           8.2.3 Under the Hood: Market, By Region
           8.2.4 Electronics and Electrical: Market, By Region

9 Automotive Additives Market, By Vehicle Type (Page No. - 89)
    9.1 Introduction
    9.2 Passenger Cars
           9.2.1 Introduction
           9.2.2 Passenger Car: Automotive Additives Market
    9.3 Light Commercial Vehicle (LCV)
           9.3.1 Introduction
           9.3.2 Light Commercial Vehicle: Automotive Additives Market
    9.4 Heavy Commercial Vehicle (HCV)
           9.4.1 Introduction
           9.4.2 Heavy Commercial Vehicle: Automotive Additives Market
    9.5 Electric Vehicle
           9.5.1 Introduction
           9.5.2 Automotive Additives Market for Electric Vehicle
                    9.5.2.1 Battery Electric Vehicle (BEV):Automotive Additives Market
                    9.5.2.2 Plug-In Hybrid Electric Vehicle (PHEV): Market
                    9.5.2.3 Hybrid Electric Vehicle (HEV): Market

10 Automotive Additives Market, By Region (Page No. - 104)
     10.1 Introduction
     10.2 Automotive Additives Market, By Region
             10.2.1 Asia-Pacific: Market, By Country
             10.2.2 Europe: Market, By Country
             10.2.3 North America: Market, By Country
             10.2.4 RoW: Market, By Country

11 Competitive Landscape (Page No. - 117)
     11.1 Introduction
             11.1.1 Vanguards
             11.1.2 Innovators
             11.1.3 Dynamic
             11.1.4 Emerging
     11.2 Competitive Benchmarking
             11.2.1 Product Offerings (For All 18 Players)
             11.2.2 Business Strategy (For All 18 Players)
     11.3 Market Ranking Analysis: Automotive Additives Market

12 Company Profiles (Page No. - 121)
     12.1 Exxon Mobil Corporation
             12.1.1 Overview
             12.1.2 Exxon Mobil Corporation: Product Offering Scorecard
             12.1.3 Exxon Mobil Corporation: Business Strategy Scorecard
             12.1.4 Developments, 2016-2017
     12.2 BASF SE
             12.2.1 Overview
             12.2.2 BASF SE: Product Offering Scorecard
             12.2.3 BASF SE: Business Strategy Scorecard
             12.2.4 Developments, 2014–2016
     12.3 The DOW Chemical Company
             12.3.1 Overview
             12.3.2 The DOW Chemical Company: Product Offering Scorecard
             12.3.3 The DOW Chemical Company: Business Strategy Scorecard
             12.3.4 Developments, 2014–2017
     12.4 Sabic
             12.4.1 Overview
             12.4.2 Sabic: Product Offering Scorecard
             12.4.3 Sabic: Business Strategy Scorecard
             12.4.4 Developments, 2014–2017
     12.5 Akzo Nobel Nv
             12.5.1 Overview
             12.5.2 Akzo Nobel Nv: Product Offering Scorecard
             12.5.3 Akzo Nobel Nv: Business Strategy Scorecard
             12.5.4 Developments, 2015–2017
     12.6 Evonik Industries
             12.6.1 Overview
             12.6.2 Evonik Industries: Product Offering Scorecard
             12.6.3 Evonik Industries: Business Strategy Scorecard
             12.6.4 Developments, 2015–2017
     12.7 Covestro AG
             12.7.1 Overview
             12.7.2 Covestro AG: Product Offering Scorecard
             12.7.3 Covestro AG: Business Strategy Scorecard
             12.7.4 Developments, 2015–2016
     12.8 Solvay SA
             12.8.1 Overview
             12.8.2 Solvay SA: Product Offering Scorecard
             12.8.3 Solvay SA: Business Strategy Scorecard
             12.8.4 Developments, 2014–2016
     12.9 Lanxess AG
             12.9.1 Overview
             12.9.2 Lanxess AG: Product Offering Scorecard
             12.9.3 Lanxess AG: Business Strategy Scorecard
             12.9.4 Developments, 2014–2017
     12.10 Clariant AG
             12.10.1 Overview
             12.10.2 Clariant AG: Product Offering Scorecard
             12.10.3 Clariant AG: Business Strategy Scorecard
             12.10.4 Developments, 2016
     12.11 Kaneka Corporation
             12.11.1 Overview
             12.11.2 Kaneka Corporation: Product Offering Scorecard
             12.11.3 Kaneka Corporation: Business Strategy Scorecard
             12.11.4 Developments, 2014–2016
     12.12 Polyone Corporation
             12.12.1 Overview
             12.12.2 Polyone Corporation: Product Offering Scorecard
             12.12.3 Polyone Corporation: Business Strategy Scorecard
             12.12.4 Developments

13 Appendix (Page No. - 158)
     13.1 Key Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing RT: Real Time Market Intelligence
     13.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (83 Tables)

Table 1 Additive Automotive Application
Table 2 Automotive Additives Market, By Plastic Additives, 2015–2022 (Kilotons)
Table 3 Market, By Plastic Additives, 2015–2022 (USD Million)
Table 4 Plasticizers: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 5 Plasticizers: Market, By Region, 2015–2022 (USD Million)
Table 6 Anti-Scratch: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 7 Anti-Scratch: Market, By Region, 2015–2022 (USD Million)
Table 8 Stabilizers: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 9 Stabilizers: Market, By Region, 2015–2022 (USD Million)
Table 10 Antioxidants: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 11 Antioxidants: Market, By Region, 2015–2022 (USD Million)
Table 12 Others: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 13 Others: Market, By Region, 2015–2022 (USD Million)
Table 14 Automotive Additives Market, By Plastic Type, 2015–2022 (Kilotons)
Table 15 Market, By Plastic Type, 2015–2022 (USD Million)
Table 16 Polypropylene: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 17 Polypropylene: Market, By Region (2015–2022) (USD Million)
Table 18 Asia-Pacific: Automotive Additives Market for Polypropylene, By Vehicle Type, 2015–2022 (Kilotons)
Table 19 Europe: Market for Polypropylene, By Vehicle Type, 2015–2022 (Kilotons)
Table 20 North America: Market for Polypropylene, By Vehicle Type, 2015–2022 (Kilotons)
Table 21 RoW: Market for Polypropylene, By Vehicle Type, 2015–2022 (Kilotons)
Table 22 Polyurethane: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 23 Polyurethane: Market, By Region (2015–2022) (USD Million)
Table 24 Asia-Pacific: Automotive Additives Market for Polyurethane, By Vehicle Type, 2015–2022 (Kilotons)
Table 25 Europe: Market for Polyurethane, By Vehicle Type, 2015–2022 (Kilotons)
Table 26 North America: Market for Polyurethane, By Vehicle Type, 2015–2022 (Kilotons)
Table 27 RoW: Market for Polyurethane, By Vehicle Type, 2015–2022 (Kilotons)
Table 28 Poly-Vinyl-Chloride: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 29 Poly-Vinyl-Chloride: Market, By Region (2015–2022) (USD Million)
Table 30 Asia-Pacific: Automotive Additives Market for Poly-Vinyl-Chloride, By Vehicle Type, 2015–2022 (Kilotons)
Table 31 Europe: Market for Poly-Vinyl-Chloride, By Vehicle Type, 2015–2022 (Kilotons)
Table 32 North America: Market for Poly-Vinyl-Chloride, By Vehicle Type, 2015–2022 (Kilotons)
Table 33 RoW: Market for Poly-Vinyl-Chloride, By Vehicle Type, 2015–2022 (Kilotons)
Table 34 Acrylonitrile Butadiene Styrene: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 35 Acrylonitrile Butadiene Styrene: Market, By Region, (2015–2022) (USD Million)
Table 36 Asia-Pacific: Automotive Additives Market for Acrylonitrile Butadiene Styrene, By Vehicle Type, 2015–2022 (Kilotons)
Table 37 Europe: Market for Acrylonitrile Butadiene Styrene, By Vehicle Type, 2015–2022 (Kilotons)
Table 38 North America: Market for Acrylonitrile Butadiene Styrene, By Vehicle Type, 2015–2022 (Kilotons)
Table 39 RoW: Market for Acrylonitrile Butadiene Styrene, By Vehicle Type, 2015–2022 (Kilotons)
Table 40 Automotive Additives Market, By Automotive Application, 2015–2022 (Kilotons)
Table 41 Market, By Automotive Application, 2015–2022 (USD Million)
Table 42 Exterior Application: Automotive Additives, By Region, 2015—2022 (Kilotons)
Table 43 Exterior Application: Market, By Region, 2015–2022 (USD Million)
Table 44 Exterior Application: Automotive Additives, By Component, 2015–2022 (Kilotons)
Table 45 Exterior Application: Market, By Component, 2015–2022 (USD Million)
Table 46 Interior Application: Automotive Additives, By Region, 2015—2022 (Kilotons)
Table 47 Interior Application: Market, By Region, 2015–2022 (USD Million)
Table 48 Interior Application: Automotive Additives, By Component, 2015–2022 (Kilotons)
Table 49 Interior Application: Market, By Component, 2015–2022 (USD Million)
Table 50 Under the Hood Application: Automotive Additives, By Region, 2015–2022 (Kilotons)
Table 51 Under the Hood Application: Market, By Region, 2015–2022 (USD Million)
Table 52 Under the Hood Application: Automotive Additives, By Component, 2015–2022 (Kilotons)
Table 53 Under the Hood Application: Market, By Component, 2015–2022 (USD Million)
Table 54 Electronics and Electrical Application: Automotive Additives, By Region, 2015–2022 (Kilotons)
Table 55 Electronics and Electrical Application: Market, By Region, 2015—2022 (USD Million)
Table 56 Electronics and Electrical Application: Automotive Additives, By Component, 2015–2022 (Kilotons)
Table 57 Electronics and Electrical: Market, By Component, 2015–2022 (USD Million)
Table 58 Automotive Additives Market, By Vehicle Type, 2015–2022 (Kilotons)
Table 59 Market, By Vehicle Type, 2015–2022 (USD Million)
Table 60 Passenger Car: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 61 Passenger Car: Market, By Region (2015–2022) (USD Million)
Table 62 Light Commercial Vehicle: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 63 Light Commercial Vehicle: Market, By Region (2015–2022) (USD Million)
Table 64 Heavy Commercial Vehicle: Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 65 Heavy Commercial Vehicle: Market, By Region (2015–2022) (USD Million)
Table 66 Electric Vehicle: Automotive Additives Market, By Region (2015–2022) (Kilotons)
Table 67 Electric Vehicle: Market, By Region (2015–2022) (USD Million)
Table 68 Battery Electric Vehicle: Automotive Additives Market, By Region (2015–2022) (Kilotons)
Table 69 Battery Electric Vehicle (BEV): Market, By Region (2015–2022) (USD Million)
Table 70 Plug-In Hybrid Electric Vehicle (PHEV): Automotive Additives Market, By Region (2015–2022) (Kilotons)
Table 71 Plug-In Hybrid Electric Vehicle (PHEV): Market, By Region (2015–2022) (USD Million)
Table 72 Hybrid Electric Vehicle (HEV): Automotive Additives Market, By Region (2015–2022) (Kilotons)
Table 73 Hybrid Electric Vehicle (HEV): Market, By Region (2015–2022) (USD Million)
Table 74 Automotive Additives Market, By Region, 2015–2022 (Kilotons)
Table 75 Market, By Region, 2015–2022 (USD Million)
Table 76 Asia-Pacific: Automotive Additives Market, By Country, 2015–2022 (Kilotons)
Table 77 Asia-Pacific: Market, By Country, 2015–2022 (USD Million)
Table 78 Europe: Automotive Additives Market, By Country, 2015–2022 (Kilotons)
Table 79 Europe: Market, By Country, 2015–2022 (USD Million)
Table 80 North America: Automotive Additives Market, By Country, 2015–2022 (Kilotons)
Table 81 North America: Market, By Country, 2015–2022 (USD Million)
Table 82 Rest of the World: Automotive Additives Market, By Country, 2015–2022 (Kilotons)
Table 83 Rest of the World: Market, By Country, 2015–2022 (USD Million)


List of Figures (65 Figures)

Figure 1 Automotive Additives Market: Markets Covered
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Average Percentage of Materials, By Average Vehicle Weight
Figure 6 Global Automotive Additives Market, By Plastic Additives: Top-Down Approach
Figure 7 Key Countries in the Automotive Additives Market (USD Million): China is Estimated to Be the Largest Market By 2022
Figure 8 Automotive Additives Market Outlook (2017–2022), By Automotive Application Type: Interior Application Segment to Grow at the Highest CAGR During the Forecast Period
Figure 9 Automotive Additives Market Outlook (2017–2022), By Vehicle Type: Electric Vehicle Expected to Be the Fastest Growing Market Owing to Huge Vehicle Production Globally
Figure 10 Automotive Additives Market (2017–2022), By Plastic Additives: Antioxidants Expected to Be the Fastest Growing Additive Owing to the Need to Prevent the Oxidation of Plastic
Figure 11 Automotive Additives Market, By Plastic Type (Volume): Polypropylene is Estimated to Acquire the Largest Market Share in 2022
Figure 12 Automotive Additives Market (2017–2022), By Region: Asia-Pacific is Estimated to Hold the Largest Market Share Owing to High Production of Automobiles in the Region
Figure 13 The Demand for Lightweight Vehicles is Expected to Drive this Market
Figure 14 Asia-Pacific to Hold the Largest Market, By Value, for Automotive Additives
Figure 15 Passenger Cars to Hold the Largest Share, By Value, in the Automotive Additives Market By Vehicle Type
Figure 16 Polypropylene to Hold the Largest Share, By Value, in the Automotive Additives Market By Plastic Type
Figure 17 Interior to Hold the Largest Share, By Value, in the Automotive Additives Market, By Automotive Application Type
Figure 18 Antioxidants to Hold the Largest Share, By Value, in the Automotive Additives Market, By Plastic Additive Type
Figure 19 Automotive Additives Market
Figure 20 Automotive Additives Market: By Plastic Additive Type
Figure 21 Market: By Vehicle Type
Figure 22 Market: By Automotive Application
Figure 23Market: By Region
Figure 24 Market: By Plastic Type
Figure 25 Market: Market Dynamics
Figure 26 Automobiles Adjusted Fuel Economy Over the Years
Figure 27 Average Cost of Car in U.S.
Figure 28 Metal Usage in Automobiles
Figure 29 Electric Vehicle Global Sales
Figure 30 Global Carbon Emissions From Fossil Fuel
Figure 31 Antioxidants to Be the Largest Segment in Automotive Additives Market, By Plastic Additives, 2017 vs 2022 (Kilotons)
Figure 32 Automotive Additives Market, By Vehicle Type, 2017 vs 2022 (USD Million)
Figure 33 Polypropylene Market, By Region, 2017 vs 2022 (USD Million)
Figure 34 PUR Market, By Region, 2017 vs 2022 (USD Million)
Figure 35 PVC Market, By Region, 2017 vs 2022 (USD Million)
Figure 36 Acrylonitrile Butadiene Styrene: Market, By Region, 2017 vs 2022 (USD Million)
Figure 37 Interior Application to Be the Largest in Automotive Additives Market, By Automotive Application, 2017 vs 2022 (USD Million)
Figure 38 Exterior Application, Automotive Additives , By Region, 2017—2022 (USD Million)
Figure 39 Interior Application, Automotive Additives , By Region, 2017 vs 2022 (USD Million)
Figure 40 Under the Hood Application, Automotive Additives , By Region, 2017 vs 2022 (USD Million)
Figure 41 Under the Hood Application, Automotive Additives , By Region, 2017 vs 2022 (USD Million)
Figure 42 Automotive Additives Market, By Vehicle Type, 2017 vs 2022 (USD Million)
Figure 43 Passenger Car: Market, By Region, 2017 vs 2022 (USD Million)
Figure 44 Light Commercial Vehicle: Market, By Region, 2017 vs 2022 (USD Million)
Figure 45 Heavy Commercial Vehicle: Market, By Region, 2017 vs 2022 (USD Million)
Figure 46 Electric Vehicle: Market, By Region, 2017 vs 2022 (USD Million)
Figure 47 Electric Vehicle: Market, By Vehicle, 2017 vs 2022 (USD Million)
Figure 48 Regional Snapshot–China is Estimated to Be the Fastest Growing Market During the Forecast Period
Figure 49 Asia-Pacific: Market Snapshot—China to Hold the Largest Market Share in 2017
Figure 50 Europe: Market Snapshot—Germany to Hold the Largest Market Share in 2017
Figure 51 North America: Market Snapshot—U.S. to Hold the Largest Market Share in 2017
Figure 52 Dive Chart
Figure 53 Automotive Additives Market Ranking: 2015
Figure 54 Exxon Mobil Corporation: Company Snapshot
Figure 55 BASF SE: Company Snapshot
Figure 56 The DOW Chemical: Company Snapshot
Figure 57 Sabic: Company Snapshot
Figure 58 Akzo Nobel NV: Company Snapshot
Figure 59 Evonik Industries: Company Snapshot
Figure 60 Covestro AG: Company Snapshot
Figure 61 Solvay SA: Company Snapshot
Figure 62 Lanxess AG: Company Snapshot
Figure 63 Clariant AG: Company Snapshot
Figure 64 Kaneka Corporation: Company Snapshot
Figure 65 Polyone Corporation: Company Snapshot

The automotive additives market is projected to grow at a CAGR of 6.52% during the forecast period, to reach USD 8.58 Billion by 2022. Rising demand for lightweight vehicles across the ecosystem have fueled the growth of this market globally. The growing trend of electric vehicles is also a major factor that has contributed to the growth of this market.

The interior application segment is estimated to have the highest growth potential, and will further boost the demand for this market. This growth can be attributed to the demand for automotive additives in interior application due to the high use of plastics. OEMs are strategizing to focus on consumer demands such as aesthetics, safety, comfort, vibrant colors, quality, and durability. The use of plastics in a vehicle is increasing due to rising government emission regulations for vehicles and the demand for lightweight materials in vehicles by OEMs.

The automotive additives for polypropylene is estimated to lead the automotive additives market, by plastic type, during the forecast period. The high demand for the polypropylene additives market can be attributed to the wide use of polypropylene plastics than other plastics such as polyurethane, poly-vinyl chloride, and others. Polypropylene additives are used in exterior, interior, under the hood, and electronics & electrical.

Passenger cars are estimated to lead the automotive additives market, by vehicle type. This is because the market is shifting toward luxury passenger cars with enhanced aesthetics, comfort, safety, and durability. The global market for passenger cars is growing due to the higher production of passenger cars in countries such as China and India.

The Asia-Pacific region is estimated to be the largest market for automotive additives during the forecast period, with China being the largest market for automotive additives in the region. Furthermore, the electrification of vehicles is also driving the automotive additives market in this region. The region is focusing on manufacturing fuel efficient vehicles by reducing the overall weight of the vehicle. This is also helping to boost this market in the region.

Automotive Additives Market

The key factors restraining the growth of the automotive additives market include the impact on health and the Corporate Average Fuel Economy (CAFE) emission regulations. Volatile Organic Compounds (VOC) are emitted during the processing of plastics. They are also emitted out of the finished product. High VOCs are harmful for health. In 2015, the CAFE standards were 39 miles per gallon (mpg) for cars and 23.5 mpg for trucks. For the year 2020, the CAFE standards rise to 49 mpg for cars and 25 mpg for trucks. Automakers must find ways to meet them. This market is dominated by many international as well as domestic players such as BASF SE (Germany), ExxonMobil Corporation (U.S.), Covestro AG (Germany), The Dow Chemical Company (U.S.), Sabic (Saudi Arabia), and Akzo Nobel N.V. (Netherlands) among others.

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