Automotive Additive Market By Type(Antioxidants, Plasticizers, Stabilizers, Anti-Scratch), By Plastic Type (Poly-Vinyl-Chloride (PVC), Acrylonitrile Butadiene Styrene (ABS), Polyurethane (PUR), Polypropylene) By Application (Safety and Security, Body Control and Interiors, Infotainment)
GLOBAL AUTOMOTIVE ADDITIVE MARKET was valued at USD 6.27 Billion in the year 2017. Global Automotive Additive Market is further estimated to grow at a CAGR of 6.45% from 2018 to reach USD 9.12 Billion by the year 2023.
Asia-Pacific region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, China is projected to grow strongly in the coming years.
BASF SE (Germany), Akzo Nobel N.V. (Netherlands), The Dow Chemical Company (U.S.), Covestro AG (Germany), SABIC (Saudi Basic Industries Corp.) (Saudi Arabia), Clariant (Switzerland), Solvay (Belgium), Croda International Plc (U.K.), LANXESS (Germany), Evonik Industries AG (Germany), Kaneka Corporation (Japan), PolyOne Corporation (U.S.), are some of the key players in the Global Automotive Additive market.
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Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Increasing demand for Fuel efficiency
Toxic and harmful to health
Rising demand in the automotive sector
Government Regulations to Meet Standards
The major shares of the market come from Polypropylene, Plastic type in Global Automotive Additive Market. On the other hand, Interior, by application for this market is expected to grow at highest CAGR during the year 2018-2023.
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Key Benefits for Stakeholders
Automotive Additive Manufacturers, Distributors and Retailers
Research and Consulting Organization
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
By Plastic Type
Acrylonitrile Butadiene Styrene (ABS)
By Application Type
Safety and Security
Body Control and Interiors
Fuel and Emission Control
Engine Control and Cooling System
By Vehicle Type
Hybrid Electric Vehicles (HEV)
Plug-In Hybrid Electric Vehicles (PHEV)
Battery Electric Vehicles (BEV)
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
Electrical and Electronics
Under the Hood
Key Market Players
Akzo Nobel N.V.
The Dow Chemical Company
SABIC (Saudi Basic Industries Corp.)
Croda International Plc
Evonik Industries AG
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